Topic: Anybody else feel relieved this dip finally happened? - page 4. (Read 777 times)
Bro, it is already one month and more since the previous ATH. This was it, there is no recovery. Look at GBTC and how it trades at a 20% discount even at these price levels. There is no new money entering and the market is just sustained by Tether. I'm guessing soon a mass exodus from big exchanges will begin and we will see the same events of withdrawals suspending and many exit scamming on their users.
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.
My reaction is probably very similar to yours. It's a holiday! I am so grateful for that, and so looking forward to what is to come.
There are people who believe that a bubble has burst. To me, that's madness. They claim that the smart money has sold, and that dumb money is rushing to pick up the pieces.
But, it's not so. At least from the look of it, this is an opportunity I can't miss.
It was a matter of time to see this happening... As I always say, bitcoin will always move, up or down, but it will move. And the fact that tesla stop accepting bitcoin for their cars was a clear signal of the crash. Now the question is. How deep is really deep.
It will keep crashing and after some time it will have some recovery, but not up to $60k like it used to be.
It will keep crashing and after some time it will have some recovery, but not up to $60k like it used to be.
consider this a boon for those who want to invest more in bitcoin. because this is just like a big discount to have a cartoon treasure and I enjoy it although when I look at my assets now I feel sad about this but I try to think positive because I believe my assets will be very safe here and vice versa will be more when I buy more assets now
I won't actually call it relieved but I will say not surprised with all the dip not sure because it's isn't new at least since 2017 that I have joined this forum and bitcoin. New people will eventually get the opportunity to buy at this rate and many more will add to their portfolios
There had to be a correction after what it looks like a couple of months of rallying(especially ETH). I am honestly waiting for the market to go down further so that I can re-enter. I had to take everything out because I was living in emergency state due to COVID and literally half of my relatives catching COVID and looking for help among family members for temporary financial relief.
I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop.
I wish you are right, but I am not yet convinced that this was the bottom.
Yes, afaik the S2F and the history too tell that the bottom should be here and it should guarantee a healthy run to much higher levels - at least 100k.
The problem is that there's a difference between should and will, and we cannot predict the future. But again, I hope that you're right.
I want to buy the dip, but waiting for it to reach $20k.
No, you don't. You're probably trolling and if Bitcoin price would reach 20k, instead of buying, you'll either start telling that Bitcoin is dead, either that you'll be waiting for 5k to buy.
I want to buy the dip, but waiting for it to reach $20k.
I don't think this will happen. I know historically there have been low bear periods, but Bitcoin was not as prevalent in the public eye back then.
it is good to be in 2021 and not 2013 so even very reach person like Musk can not crash totally bitcoin because some billions cannot beat trillion dollar market. this is just a normal dip cause by his tweets. we all know bitcoin is going higher and higher and all we have to do is at least to HODL (if not buy for those who have to money to invest). for me the best prediction to follow so far is the s2f model. this situation was not natural so can change time frame of what this model predicts with 2-3 months but big parabolic movement and 6-digit is coming. by the way didn't you all know that a correction like this was necessary in order to start another price jump?
There is hardly any positives to take out of this correction. The shitcoins are still looking like inflated bubbles. During the previous corrections, usually the Bitcoin dominance would go up (at least temporarily), but this time it has remained as stagnant. Established alts such as ETH and BCH went down, while some of the shitcoins actually increased their market share.
And I am really getting uncomfortable with stablecoins such as Tether. They have become too big to be sustainable. USDT itself is having a market cap of $58 billion and it has near zero accountability.
And I am really getting uncomfortable with stablecoins such as Tether. They have become too big to be sustainable. USDT itself is having a market cap of $58 billion and it has near zero accountability.
If I were an influencer, I'd be acting all "Called it" and point back to some random post where I guessed the bottom for mid-year to be 42k. Relieved, sort of. Happy, maybe even. It's a few more weeks/months to earn Bitcoin at a "reasonable" price (I say reasonable I just mean lower).
I mean, if this is the worst that can happen with maximum FUD, can't wait to see where we bounce from this really strong support.
I mean, if this is the worst that can happen with maximum FUD, can't wait to see where we bounce from this really strong support.
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.
A 30% Bitcoin price drop would happen at any price level.It doesn't matter if it's 20K,50K,70K or 100K.
The current price correction wasn't natural.It was caused by Elon Musk and the crypto traders,who panicked after the news about Tesla.It is also caused by an avalanche of automatic stop loss orders,which created selling pressure on the markets.We might be witnessing another bear market for a few months,before the price recovers back to 60K USD.
To be honest, yes I feel relieved because I can finally buy more bitcoin at a lower prices and I will have more bitcoin to hodl which is going to give me more profit when the prices started going up again and I know that it will go up because it already did for almost a decade.
Thanks to Elon boy, his tweets alone influenced the entire market whether bullish or bearish. Although that he is free to express his opinions, but it is what it is. The positive side of it is that we could finally buy back at lower prices. Like me of course, I wanna buy back BTC when it is going to be bearish, so it's a good opportunity because I know that the next wave of bull run is going to come anytime soon, but we don't know when will it be.
Hello everybody. I also feel relieved and expected such a drop in prices. Moreover, I expect further decline. The cryptocurrency market clearly needs a breather to further conquer new heights. Plus, it's a great opportunity to buy good coins at a low price.
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 has always been expected except nobody knows the exact time it will happen, i guess now everyone can finally stop asking when the bear market will come, Elon has made sure to hasten the bear market coming, now the question is how many people will take advantage of this dip!
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.
Not relief but probably another great opportunity to enter the market again. January to February we've witnessed 23%-26% decline, but we have recovered. And it's better that we seen it this month, and yes this should happen, and now the game begins. We can enter today, or just wait for another dip, it's our call. And then hold again for at least at the end of the year. 
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.
actually i felt happy because at last i can buy more again and now? I am buying my allocated funds for Bitcoin.I've been expecting this fall for a long time. Yes, the market tension has already subsided a little, and now I am ready for raising prices.
Looks like the price is stabilizing nowhttps://coinmarketcap.com/currencies/bitcoin/
Now we are in good market once more.
I've been expecting this fall for a long time. Yes, the market tension has already subsided a little, and now I am ready for raising prices.
The right time to re-enter the market is now, Bitcoin is currently experiencing a lot of bad news, but this benefits the people who buy them below, I still hold some coins because I believe that alt season is really we face, let's watch the alt season that exceeds 2017. That must have been quite extraordinary.
Bitcoin needs to rise even higher to be the lowest price, Elon Musk recently, rightly manipulated the bitcoin market with his tesla. I managed to save some usdt, but some still hold it, I learned to believe in cryptocurrency in the future.
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