BITCOIN DIPPED?

[bangjoe]

The mistake most people make is waiting too long.
Excessive fear of a sharper decline.
Don't know when to start for yourself.
Listening too much to other people who don't have bitcoin.

This makes them hesitate to enter, don't throw all your money in if you are afraid and doubtful, accumulate slowly so that your mentality can be formed gradually, in the end you will receive benefits from bitcoin, you are not in bitcoin to gamble but to invest so you need to be afraid, bitcoin has shown you how this world works and you can benefit in the long term, understand the patterns, do it with your belief in bitcoin.

We can not blame these people on why they are too scared to hold Bitcoin without complaining about the dip. The price of Bitcoin will always fall and that should not make us feel back due to the nature of things and how it has been falling and rising in price from the beginning. I see every drop in the price of Bitcoin as a potential opportunity for holders to take their time to buy Bitcoin. For those that have already invested in the price of Bitcoin when the price was up, they can take their time to buy again if they have the money and the capital to reinvest their money.

I don't blame anyone, that is a form of mistake that is usually made, that doesn't mean I blame those who can't invest well in bitcoin.
What you are doing is indeed good and it has to be like that if you want to invest calmly in bitcoin, even though you have bought at a high price, it won't be a problem if we accumulate at a price when it declines, it will reduce the value ratio of our bitcoin buying price, and our average bitcoin buying will be even lower if we do it that way, unfortunately not everyone is brave, they mostly feel afraid.

[serjent05]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend?

Bitcoin being in a bear market means there will be a longer downtrend, but obviously, it is not a straight downward path, there will be fluctuation, lower lows, recovery, and lower highs until Bitcoin experience another halving, this means the downtrend or the bear market will last for years.

Should we buy now?

Why not?  Just think of how much of a discount the Bitcoin market is offering now.  If you know the current ATH, the price today is a real treat.

Or wait for more possible downtrend?

Why wait for the bottom when you can cost-average your investment by DCA-ing?

[Plutomanian]

Depend on your plan but for long term investor, they will buy more because they see this time is the good opportunity to buy Bitcoin. Waiting or not will depends on yourself to buy Bitcoin and how you runs your plan. If you want to hodl for long term, you don't need to wait for more but buy it and hodl. But if you want trading, you need analyzing before you buy because that will determine how you will profit later. If you can buy at low prices, you will have a chance to sell at a high.

Bitcoin dropping really heavily. Those set of investors that panic will end up not having a proper time to gain more in the market. Consequently, the market is a gridnto snyone and not friendly to those investors and traders that are not patient. Cryptocurrency is the way forward and nobody close to me will ever get wrong advise from me. Bitcoin is dipping and now is the best chance to acquire major Bitcoin in one's wallet. Let's just know what we're doing in the market and pressed our head down and go in for more Bitcoin because it gives us the better life.

[yhiaali3]

Fortunately, Bitcoin has rebounded today to $73k, so those who bought below $65k during the dip are lucky.

If you wait for Bitcoin to bottom out every time, you'll miss every buying opportunity. Those who didn't buy at $65k now wish they had, and those who didn't buy at $73k might wish they had, and so on, missing out time and again.

[Alonso_]

Fortunately, Bitcoin has rebounded today to $73k, so those who bought below $65k during the dip are lucky.

If you wait for Bitcoin to bottom out every time, you'll miss every buying opportunity. Those who didn't buy at $65k now wish they had, and those who didn't buy at $73k might wish they had, and so on, missing out time and again.

We would always have a situation where the price of bitcoin would dip, and when there is a dip is presents an opportunity to keep buying and holding more bitcoin, I have had numerous opportunities of buying bitcoin at a cheaper price during this current price dip, some days ago we had bitcoin at $65k and it was an amazing opportunity to buy at that discount levels but right now we are still having a new price with bitcoin and that is currently $72k which is quite some amazing profits for investors who have previously invested in a different lower amount, which is why it’s more important to keep buying and holding instead of panicking and selling our bitcoin assets which is more of a gamble.

[Publictalk792]

Fortunately, Bitcoin has rebounded today to $73k, so those who bought below $65k during the dip are lucky.

If you wait for Bitcoin to bottom out every time, you'll miss every buying opportunity. Those who didn't buy at $65k now wish they had, and those who didn't buy at $73k might wish they had, and so on, missing out time and again.

It is due to fact that waiting until price is perfect would mean missing out on money as shown by jump of 73k. Although it was so scary to buy at price of 65k last week because of bad news and high stress, now it even looks like cheap deal in matching with its current price. There is market trap, lowest prices are most feared, and it is extremely hard to actually buy. Bitcoin will be able to reach over main levels such as $70,000 in few hours, and those who wait to get better deal can easily pay very high price once market changes. Although some might be happy to have bought low point, it is usually due to plan and ready orders, other than making guess. It is far better to be mostly correct by buying in drop, other than being exactly wrong by sitting on side and then buying price on way up to $80,000 level.

[summonerrk]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

Apparently, yes, because there are many signals that this is really the bottom.In mid-January, Bitcoin stocks on all exchanges dropped to 2.75 million BTC, a multi-year low since 2018.
This is a structural trend: over the past 12 months, 230,000 BTC have been withdrawn from exchanges.
In general, exchanges now hold only 14% of the BTC issue, compared to 20%+ in previous cycles.
By the way, 24,877 BTC was withdrawn from Bitfinex yesterday, with a single transaction of 23,588 BTC to a newly created wallet, probably an internal Tether/Bitfinex operation.
In general, we are seeing steady outflows of bitcoin from exchanges, in parallel with the growth of trading volumes on the spot market and the positive dynamics of BTC.
Historically, similar patterns preceded a steady uptrend.

[dunfida]

Fortunately, Bitcoin has rebounded today to $73k, so those who bought below $65k during the dip are lucky.

If you wait for Bitcoin to bottom out every time, you'll miss every buying opportunity. Those who didn't buy at $65k now wish they had, and those who didn't buy at $73k might wish they had, and so on, missing out time and again.

It is due to fact that waiting until price is perfect would mean missing out on money as shown by jump of 73k. Although it was so scary to buy at price of 65k last week because of bad news and high stress, now it even looks like cheap deal in matching with its current price. There is market trap, lowest prices are most feared, and it is extremely hard to actually buy. Bitcoin will be able to reach over main levels such as $70,000 in few hours, and those who wait to get better deal can easily pay very high price once market changes. Although some might be happy to have bought low point, it is usually due to plan and ready orders, other than making guess. It is far better to be mostly correct by buying in drop, other than being exactly wrong by sitting on side and then buying price on way up to $80,000 level.

One of the most common mistake made up by someone is that we are really that trying out to catch the bottom or lets say the perfect point for us to make up some buyback or dca or even selling out on peak if you are going for short term. In result? You would be ending up on missing up the opportunity on making profits just because you didnt risks out on making up such move and now you would be trying out to chase when the market had already been recovered. Well, no one really forces you on when you would be buying since its your money and its your own discretion on what are the decisions that you are really that taking on. There are those individuals who would be starting out on buying when they do already see green candles. On my case, i would be always considering on making up some DCA whenever the market is on extreme fear or everyone is selling and even saying things negatively that this market is over. We've been through tons of situations like these, why wont we that learning from it?

[Maslate]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

No one can be certain with what's happening in the market today, and bitcoin may or may not be yet in a longer downtrend.

However, one thing is certain, buying is the best option. You can buy in dips, or follow the DCA method, you will not go wrong from there, especially if you are motivated to keep bitcoin for long term.

But still, everything depends on your available budget. If you are still saving for it, then just wait for another dip. Bitcoin will definitely fall back in dips, even if there is sudden price increase. That's how volatility serves in bitcoin.

[AprilioMP]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

The delay you mentioned happened yesterday. In fact, on March 4, the price of Bitcoin broke through $74,000. If you were in the market yesterday, after seeing the Bitcoin price chart at $74,000, what would you think about the geopolitical situation, which is not stable and has caused many other market prices to fall?

Buying doesn't have to wait for the right time because the right time is when we buy, not when we wait to buy.
The question of whether we should buy now is no longer a unique question but a boring one to hear.

[Fivestar4everMVP]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

If you bought, then congratulations, you some how have managed to make some profit for yourself since we all can see that the price of Bitcoin finally broke its resistance at $70k, over the weeks, bitcoin has been struggling go above that $70k price and each time the price reaches $69k+, it ends up falling back to between $67k and $63k, but yesterday, it finally broke the $70k price and currently trading around $72k, let's hope the price continues to climb up from here.

But on the other hand, if you are still waiting the price of Bitcoin to drop so you could buy, then I hope your waiting ends soon when you will end up having no choice but to fomo in at $80k 😁.
Just kidding but seriously, just buy and hold, even a current price is still a very good price to buy so long as you have a long term holding goal in mind..

[RumorCipher]

Bitcoin dipping is nothing new. If you look at the history, BTC has had many 20–30% corrections even during bull markets.

You can check the long-term price chart here:
https://www.coingecko.com/en/coins/bitcoin

Sometimes these dips are just normal market cycles.

[YOSHIE]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

The crypto market or Bitcoin is not a car that has to rest when the engine is hot, you need to understand that Bitcoin is a digital asset that is traded on the digital market.

This means that the nature of buying and selling trading is a basic point that needs to be understood and the concept of trading, so when the price of Bitcoin falls and the price of Bitcoin rises, of course you have to look at the market situation and conditions, the state of society, interest in Bitcoin and so on, whether from the economic side, conflicts, etc. can influence the market volume as you see today.

So, the current decline in Bitcoin prices should be an opportunity and opportunity for you to change your life financially in the future.

[Kelvinid]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

If you have readily available funds intended for buying, then do not hesitate to buy while the price is still in high bargain. And even if this could be the start of a longer downtrend or not, then the more that we should be eager to accumulate bitcoin while the market still allow us.

DCA is the key. Start buying now, and consistently buying whenever you have available budget for bitcoin. In just a couple of years, your bitcoin portfolio will definitely grow and reach an amount far from your expectation, and reap massive profits you can never imagined.

[batang_bitcoin]

If by the time this thread was posted and OP bought and the others who have been thinking of buying, you're now in profit. It may not that be much because only a few buys a whole Bitcoin. But that's the example that if you've got plans to buy, just do it and you'll never know if the coming days it will pump. And what you'll do now? sell? of course no, you'll wait more and buy more because that's not yet the gain and pump that we're all waiting for. Although it is part of the plan and we have to wait until it's all back to the peak where we've seen last year. Because, it will be more than that.

[cryptomaniac_xxx]

If by the time this thread was posted and OP bought and the others who have been thinking of buying, you're now in profit. It may not that be much because only a few buys a whole Bitcoin. But that's the example that if you've got plans to buy, just do it and you'll never know if the coming days it will pump. And what you'll do now? sell? of course no, you'll wait more and buy more because that's not yet the gain and pump that we're all waiting for. Although it is part of the plan and we have to wait until it's all back to the peak where we've seen last year. Because, it will be more than that.

And it just shows how volatile Bitcoin as well, we are talking about price swings and when we thought that we're about to go down and dipped further to $65k, the price broke the resistance of $70k and even went as high as $73k.

So yes, those who bought at the dip might have been in the profit, paper profit and not realized unless they sold it and make small money out of it. But we all know that in this game, we should be going into long positions or at should be accumulating in this bear market. So continue what we do best, HODL and look for the bigger picture. For sure our patience will be rewarded in the end.

[Pandorak]

As i write this, Bitcoin is trading in the $70k - $71k range. There is definitely a possibility that the price will rise again, but the likelihood of a decline is certainly greater, as the current war situation could cause that to happen. We have often seen bad news, especially from Donald Trump which can have a direct impact on the market.

In my opinion, if your focus is long term, don't wait any longer to make a purchase, don't try to predict the price; instead, focus on making gradual purchases when funds are available, it's better than waiting around for the best price to buy.

[CryptoYar]

[...]

Although current war on Iran pushed prices as low as $63,000, the market stayed strong and returned to near 73,000. It is fair to show the power of Donald Trump, his recent Truth Social posts blaming Wall Street banks for holding Clarity Act hostage have become big force in market.

Some fear that if war leads to very scary time, we may see lower price, while others believe that simple chance of government printing money to pay for war will in end push Bitcoin to $100,000 and above. I also think the best way to deal with the price swings is to take your own advice of not guessing price and instead buying little by little. With a steady buying plan, you never find yourself in the mental trap of waiting until the lowest price arrives.

[Solokan]

Fortunately, Bitcoin has rebounded today to $73k, so those who bought below $65k during the dip are lucky.

If you wait for Bitcoin to bottom out every time, you'll miss every buying opportunity. Those who didn't buy at $65k now wish they had, and those who didn't buy at $73k might wish they had, and so on, missing out time and again.

Fortunately, BTC's price has recently risen to around $73,500, but we don't know whether it will rise again or fall further. Those who bought BTC at $65,000 are indeed very fortunate, as the price has risen significantly. Those who didn't buy BTC at $65,000 will certainly regret it, as others are profiting, while those who didn't buy haven't.

But currently, BTC is experiencing a slight decline. What do you think? I have a feeling that BTC will fall sharply again if it falls below $70,000 in the near future. I think those who bought BTC at $73,000 are certainly anxious, as the price is currently around $71,000. Unless intend to invest long-term, they will be calm.

[summonerrk]

Markets are recovering after 4 days of chaos. A key shift: oil has stopped growing, China is putting pressure on Iran over Hormuz, and cautious optimism is returning to Wall Street. However, structural instability remains.
The correlation between the dynamics of the US stock indices and the influx of Crypto ETFs is being restored.
Bitcoin Spot ETF: +$462 million
The main drivers of the reversal:
Trump announced the military escort of tankers. China has publicly demanded the safety of navigation in Hormuz.
The Pentagon said that the situation in the Persian Gulf is under control, and the war will not last long. At the same time, the markets remain very sensitive to the news.