Anybody else feel relieved this dip finally happened? - page 2.

rahmatrf331

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Quote from: Kelvinid on June 03, 2021, 05:38:29 AM

I can't deny that I was happy with the dump. Not already it calls as a bear season but something it gives us a chance to reinvest Bitcoin. Either short-term or long-term investment depending on the market trend.

Imagine, if we buy Bitcoin as it reaches back to $32k, we are already in profit now for just a few week as we are gaining back to $38k. I think there are a lot of people who just miss that time as we are expecting a continuous downfall rather than recovery.

the cycle is turning and one opportunity for me to invest in bitcoin, where in the past I could see bitcoin going uphill and fearing it would never go down again. it turns out that bitcoin is still waiting for new people and wants to come down to deliver it back even though it has to walk a long way to be able to skyrocket its price again

Yamifoud

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I am expecting a huge dump to come after the market hits its new ATH but then, it was a big opposite and I think, it could be likely impossible for it to come again. I hope I'll be relieved that bear season will come but unfortunately, we are not seeing it yet, we are still bullish.
I ask myself if I have to buy more Bitcoin during this time? Does it seem to have no more bear season to come?

Natalim

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Quote from: aceboy44 on May 17, 2021, 03:02:08 AM

I want to buy the dip, but waiting for it to reach $20k.

Don't worry, that will likely come, with the way bitcoin is moving now, it's likely that we will be in a bear market. We've seen this in the past, so it's not new, people should stop hyping and be realistic, prepare for the bear market and make the right decision.

$20k vs $100k probability, the latter is unlikely to be achieve.

jaberwock

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Quote from: worle1bm on June 03, 2021, 12:29:48 PM

Quote from: buwaytress on June 02, 2021, 07:44:27 AM

Hands up here. Always relief when it happens sooner than most people expect, I don't like when we get rise after rise, ATH after ATH, reminds me too much of the tail end of 2017 rally.

Heads down though, and keep your seatbelts on. I don't think we're out of the woods just yet. I can imagine quite a few people holding the trigger on PR campaigns to FUD some more.

For long term hodlers these dips are never an issue if you talk about FUD also but the most legendary investors wait for such dips like whales who accumulate more in these dips.But these panic sellers are the ones who got negatively affected by these dips and sell instead at low levels.Just invest at dips because you don't know when next will happen so try to gain profits.Happy to witness these dips also.

Honestly it is not a "legendary" move to wait for these dips and just buy them and keep holding, it is a very very simple thing to do and I have been doing it for quite a while now, been few years, I have done it same with other stuff like stocks and so forth as well, I like to buy things when they crash if I believe their future profits.

I am in no way rich, because I do not have too much money, turned a 50-60 bucks into few thousand dollars but that's about it, if I had more money maybe that would have been a good retirement but unfortunately I do not, I keep doing things now with a bit better amount of money so it is getting better but at the end of the day the only thing I do is buy things when they are low and nothing else, it is really very simple, it doesn't require a person to be smart to do this, it just requires them to be emotionally calm so that you do not end up doing anything extra.

gabbie2010

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Quote from: anti-dot on June 03, 2021, 02:13:09 PM

Quote from: ConnerDalfino on May 17, 2021, 02:56:57 AM

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Oh yes, it was really too good to be true and it wasn't fun anymore to take some cash and buy some more Bitcoin as it was pretty obvious that Bitcoin will take a little nose dive. I was sure it won't go down all the way to where we came from, and I also thought it will stabilize, which it did, but if you want to invest wisely you also have to go with your gut. My gut said we'll be going down soon.

Every old timers in cryptocurrencies knows that for every dip, it is a big opportunity to start buying and accumulating because price history repeats itself, of course the price can never be bullish continuously for long thus opportunities for profit taking before correction while price can not be bearish for long price recovery is very imminent if the correction is down to 30% thus the cycle continue.

ultrloa

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Quote from: worle1bm on June 03, 2021, 12:29:48 PM

Quote from: buwaytress on June 02, 2021, 07:44:27 AM

Hands up here. Always relief when it happens sooner than most people expect, I don't like when we get rise after rise, ATH after ATH, reminds me too much of the tail end of 2017 rally.

Heads down though, and keep your seatbelts on. I don't think we're out of the woods just yet. I can imagine quite a few people holding the trigger on PR campaigns to FUD some more.

For long term hodlers these dips are never an issue if you talk about FUD also but the most legendary investors wait for such dips like whales who accumulate more in these dips.But these panic sellers are the ones who got negatively affected by these dips and sell instead at low levels.Just invest at dips because you don't know when next will happen so try to gain profits.Happy to witness these dips also.

This is not an issue for long term holders since I believe they already secure their profits + capital when ATH happens and the only remaining funds in their wallets are the remaining profits which is stake for another long year. And this dip they for sure see it another buying opportunity to gain in another round so expect that whales are happy to see more of this coming.

adzino

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This was bound to happen. Most of the people were already expecting this drop. The price has been going up for a very long time. So it was indeed making people feel anxious due to suffering from uncertainty. Events and news that went against crypto currencies made people even more apprehensive. Hence, the price drop was finally a relive for them. By for them, I mean those who were planning to hold long term. It's not a "relief" for those who were planning to sell and make quick profit. For others, it had created an opportunity to invest more and maximize their profit.

anti-dot

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Quote from: ConnerDalfino on May 17, 2021, 02:56:57 AM

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Oh yes, it was really too good to be true and it wasn't fun anymore to take some cash and buy some more Bitcoin as it was pretty obvious that Bitcoin will take a little nose dive. I was sure it won't go down all the way to where we came from, and I also thought it will stabilize, which it did, but if you want to invest wisely you also have to go with your gut. My gut said we'll be going down soon.

worle1bm

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Quote from: buwaytress on June 02, 2021, 07:44:27 AM

Hands up here. Always relief when it happens sooner than most people expect, I don't like when we get rise after rise, ATH after ATH, reminds me too much of the tail end of 2017 rally.

Heads down though, and keep your seatbelts on. I don't think we're out of the woods just yet. I can imagine quite a few people holding the trigger on PR campaigns to FUD some more.

For long term hodlers these dips are never an issue if you talk about FUD also but the most legendary investors wait for such dips like whales who accumulate more in these dips.But these panic sellers are the ones who got negatively affected by these dips and sell instead at low levels.Just invest at dips because you don't know when next will happen so try to gain profits.Happy to witness these dips also.

bittick

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Quote from: wheelz1200 on June 02, 2021, 02:20:23 PM

Quote from: ConnerDalfino on May 17, 2021, 02:56:57 AM

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Yep it's a good thing. It's healthy to retrace omg the way. Look where the retrace throughout the last 11 years have brought us. If it goes way to high without retracing you have massive sellouts which is worse than mini sellouts along the way. To scary for normals to jump in with drastic moves.

I think that happened in 2018 if I recall correctly where market going up so high the backlash or people call it correction also becomes so huge but that time around people are still not used to crypto volatility and
in this 2021 dump it seems people already used to it and great amount of people are holding instead of panicking, I even see some people locking their coin for some period. hopefully this correctino could make the pump
even bigger in the future.

Kittygalore

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I felt relieved because the weak hands are out and people who deserve to get in at a low price is able to get in at a low price including me. I think this kind of crashes and dips in the market is a good R&R for the market so it doesn't overwork itself and people that have sold at a decent price can go back.

Kelvinid

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I can't deny that I was happy with the dump. Not already it calls as a bear season but something it gives us a chance to reinvest Bitcoin. Either short-term or long-term investment depending on the market trend.

Imagine, if we buy Bitcoin as it reaches back to $32k, we are already in profit now for just a few week as we are gaining back to $38k. I think there are a lot of people who just miss that time as we are expecting a continuous downfall rather than recovery.

buwaytress

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Quote from: sana54210 on June 02, 2021, 01:40:30 PM

Quote from: buwaytress on June 02, 2021, 07:44:27 AM

Hands up here. Always relief when it happens sooner than most people expect, I don't like when we get rise after rise, ATH after ATH, reminds me too much of the tail end of 2017 rally.

Heads down though, and keep your seatbelts on. I don't think we're out of the woods just yet. I can imagine quite a few people holding the trigger on PR campaigns to FUD some more.

I am not against the ATH after ATH periods, they very good periods and we need them as much as we need the corrections like these as well, I feel like they are equally important to the market. We need 2017's so that 2018 wouldn't feel bad, we need to increase a ton so that the decrease would be fine.

I personally feel like there is a good amount of reality to dips, they basically make us feel like we are still on earth, those huge gains make people feel like they may actually end up getting so rich that they could live in mansions and make insane amount of profit and could basically live a rich persons life, but these dips make us realize that the profits are temporary and we need to take advantage of them. This is why I think both of them are equally great, I love making a profit, and I love buying at low so that I can profit later on, both are great.

I always prefer consecutive ATHs after a small pullback or a series of them in between. Don't get me wrong, I enjoy those breath-taking moments too. There's a place I know with a bot that updates every time a new ATH is reached and I don't mind visiting to see it update every few minutes, hour after hour, all day long. Small joys;)

I do feel the retracements in between make for stronger ATH foundations... firmer support for when the momentum is over -- which must happen at some point.

STT

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A good pullback is like reinforcing the bottom of a ladder, its best down sooner rather then later as it does less damage. We rose pretty rapidly, it wasnt a big call to foresee that 200 day average was quite a reasonable expectation and not even that bearish in terms of normal crypto action seen over many years now. Without a doubt this is a volatile space, not for widows and orphans really but that doesnt invalidate this year or any previous pullback.

We resolved recently in moving averages to the upside so I'm waiting to see if that can build into a recovery and hold that momentum

Rengga Jati

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Actually, we don't know how to dip the price of Bitcoin will be and how high it will be also.
But in case, let's enjoy every price market to be and utilize every market condition.
Many people here may feel sad because of the dropped portfolio so far, moreover, the price of Bitcoin also drops so drastically. However, let's not be stressed and stay calm to face this crazy market Grin

If the price still dips, we can use it to buy both for the short term or the long term. And if the price has reached our own target price, we can sell them for apart or all in.

Briefly, we must be relieved and ready for all market conditions, whether dip or bull.

Lanatsa

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Quote from: ConnerDalfino on May 17, 2021, 02:56:57 AM

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Natural behavior of the market but still there are people who still easily get freaked out when they do see these kind of drops which is something usual into this market.

Some do mind off about these drops to be an opportunity to buy cheaper or simply do talks about volatility .We can really re enter the market if we do able to consider low level but this isn't simple as it sounds.

If we are the ones who do look these drops to be as opportunities then I do consider up these traders or investors to be good ones and not all would really be having
that kind of mindset.

DarkIT

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The price variation is common one in this platform.Bitcoin struggled to reach the value of 55k.The negative pump is happening after the huge rise in the price.Now it's better to hold the bitcoin and buy some amount of bitcoin at cheap price.We can find the bitcoin at the same price after some months.So use the chance in correct manner.

wheelz1200

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Quote from: ConnerDalfino on May 17, 2021, 02:56:57 AM

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Yep it's a good thing. It's healthy to retrace omg the way. Look where the retrace throughout the last 11 years have brought us. If it goes way to high without retracing you have massive sellouts which is worse than mini sellouts along the way. To scary for normals to jump in with drastic moves.

Silberman

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Quote from: ConnerDalfino on May 17, 2021, 02:56:57 AM

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

It is the way it is, we do not have control over the markets like the whales do so we can only adjust and prepare for the movements of the market, however I cannot help to think the drop was artificial in its nature and was an attempt by the whales to scare the weak hands before the final climb to the top of this bull run, I think this because it is unlikely the behavior we saw could come up naturally since the current ATH did not actually formed a top like in the previous bull markets indicating there is still more to come.

sana54210

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Quote from: buwaytress on June 02, 2021, 07:44:27 AM

Hands up here. Always relief when it happens sooner than most people expect, I don't like when we get rise after rise, ATH after ATH, reminds me too much of the tail end of 2017 rally.

Heads down though, and keep your seatbelts on. I don't think we're out of the woods just yet. I can imagine quite a few people holding the trigger on PR campaigns to FUD some more.

I am not against the ATH after ATH periods, they very good periods and we need them as much as we need the corrections like these as well, I feel like they are equally important to the market. We need 2017's so that 2018 wouldn't feel bad, we need to increase a ton so that the decrease would be fine.

I personally feel like there is a good amount of reality to dips, they basically make us feel like we are still on earth, those huge gains make people feel like they may actually end up getting so rich that they could live in mansions and make insane amount of profit and could basically live a rich persons life, but these dips make us realize that the profits are temporary and we need to take advantage of them. This is why I think both of them are equally great, I love making a profit, and I love buying at low so that I can profit later on, both are great.

Topic: Anybody else feel relieved this dip finally happened? - page 2. (Read 578 times)