Topic: Anybody else feel relieved this dip finally happened? (Read 787 times)

Nothing can be known into this market no matter how veteran or experience you are and we know that market cant be called a market if we do just see continuous increasing prices and there should be must a correction since people or investors would really be having a profit taking level on where they would sell out on a particular price and as if these things do happen then for sure the price would dip and some people do see this as a disaster but for those people who had been dealing with this market would find these things to be an opportunity to buy cheap because once the market is recovering then that would surely be giving out profits.

I guess if 30k doesn't hold there is a good chance we will see 20k but that is already a big "if" that we have, we are not going under 30k and we did try to go under 30k many times, bears keep selling more and more to keep the price going down but there is enough people and corporations that keep buying that causes the price to stay above 30k, "if" we go under 30k right now is like saying "if there is an earthquake", it is something that is very possible, it happens, but it is also not something you expect everyday constantly, it is just a thing that you should be ready for but not live with everyday.

I believe 30k will not be broken for now, I believe 30+ is where we will stay, and we will stay here for a long time as well. After a while, like maybe after the whole summer is over, in September or October we will see it either go up a lot or start to go down more, but until then I am expecting it to stay the same (between 30-40).

Prepare for the incoming $20k, if $30k won't hold, we will definitely see that price again.
It's not impossible as we've seen a lot of cheap prices before, but based on its trend, bitcoin always recovers and create another new ATH again.

We follow and understand the cycle, we can make a good decision, it's very simple.

Well it happens all the time no one is expecting the dip but I think it happen earlier this is dip so the best way to earn money is to buy more and hold because we never really know that dip will end next week or next month and bull market will be back back to its normal run and reach 100k$.

Since this happens very frequently we need to find a way to get comfortable with corrections like the one we saw a few weeks ago, obviously no one likes to lose money and this is understandable but this is better for the long term prospects of bitcoin, the price was on the verge of going out of control and begin to grow up very rapidly and while traders love this as a long term holder you should be against it, it is way better for the price to grow slowly than the alternative which is a fast growth followed by a big crash and then years of no movement.

And we also understand that the price could dip more after a bull run, if in the last bull run bitcoin went to $20k more or less and dip at $3k+, the same thing could happen now in terms of percentage, so this $35k is still not cheap, we can still see lower than the previous ATH.

A huge dump already happened. Bitcoin is down 50% from the last ATH. Though the price may not be considered as bearish because it's still up by more than 50% as well since we left the bear market in 2020. Instead, we are experiencing a major correction and the market seems consolidating after the huge run. So, I guess the current Btc price is very good for accumulation. $30,000 - $35,000 seems reasonable. $20,000 might not gonna be reached by the dip.

Can't stop them, they follow the market sentiment, when the market is bullish, they are bullish and if it's bearish, they'll do the opposite. Let's be smart, we don't need to follow our emotions, instead, follow the news, speculation, and the graph to make a better decision.

When it's bearish, it's not bad, it's part of the market cycle and we should have a ready strategy on what to do during the situation.

I'm not comfortable with the dip, but it's not happening at the end of the year and there's still hope for the market to get up and reach more milestone, we are six months to go before the end of the year, and every month new things are happening maybe this month is the month where Bitcoin will recover and people will finally realize that they should stop listening to FUDERS.

That absolutely has nothing to get fear as the market sentiment hasn't been like before that it continues to drop going deeper. 30-40% market correction? It was still far from what happens in the previous bear season. Considering what it shows this time, I'm in doubt if the market will mark again for another dip, I'd never see such a possibility but instead of thinking it pumps back to $40k above.

It's not possible to know yet if it's already the dip. Bitcoin is pretty stable around 35,000$ these days, but there isn't any indicator it's going to pump or dump next. For those focused on long run investments who don't want to miss the chance it's already a good moment to buy bitcoins, the price is really good and they can guarantee their holdings by entering the market now, although awareness is needed regards the correction reaching to deeper levels on soon. I'm not too relieved about this situation because it's always sad to see bitcoin losing value. At same time it had to happen sooner or later. It's part of the process, so let's wait and hope for a steady recovery.

so you are betting on 20k and not 100k

Okay how about 70k or 80k

vs 20K?

I have been tracking since 2012. I can say by sept we will know if this is a bear or we bounce back.  All other guessing is a waste of time. From now till then.

personally I still guess bull and over 70 k before the years end. But I am not much of a smart guy.

Absolutely agree.

The market correcting at a lower price actually means that the long term stability of prices would likely increase substantially.

If BTC were to adjust at a higher level that is not backed up by fundamentals and due to pure speculation, say over $100k, then the crash would have been even more daunting (>70%, perhaps) and media would likely spun it off as proof that BTC can never be a store of value.

This correction has been pretty mild in nature compared to the previous bear markets, and is completely justified. Nothing to fear here.

I agree but you don't know where the dip ends or what its magnitude is. You could panic if you think cool great opportunity to buy Bitcoin at $50k and then it goes further down all the way to $20k. It is easier said than done to just catch a dip at the right moment.

This is because even if they know that something like this will eventually happen they do not want to believe it will happen just when they are invested and using too much leverage, but if that is all what they are doing as that is their trading strategy then there is a 100% chance this is going to happen to them just at the wrong time, this is why any strategy that relies on making the right move all the time is bound to fail and will produce massive losses once the markets go against your prediction.

those who have capital, of course, I'm sure they are very relieved, because they can buy the price of crypto currency cheaply,
so it's been a few months since the price of Bitcoin has always increased without any correction,
and after that I'm grateful that the price of Bitcoin has corrected to -50%, yes this is good for bitcoin,
because if it doesn't experience a bubble correction, that's what will happen.

I believe we already had the "bear" market, currently we are not doing that well, why would we think that the same will not happen in the future? I mean we did badly with the 50%+ drop and now we are in the recovery stage, why is it so hard to imagine? Just because the previous bear markets happened in a long period of time, doesn't mean that it has to happen in the long period of time once again, it could be very quickly done and then be over with and move back to recovery stage. Remember 2017?

We had a very quick increase, from November to December in 2 months we had bitcoin move from 3k to 20k very easily and that was it, just two months and it was over, look at 2020 and 2021, it took like 8 months of constant increases for it to reach the ATH price of 64k. Same could happen here but reverse, we have a drop very quickly and then move back to bull run.

If you do really make  yourself got affected with these things then most likely you would really able to commit up mistakes because news and sentiments isnt always a solid indicator or factor on making out some moves towards investment and also if you dont make some action and
perception for possible movement then its up to your choice but someones profitability will vary on how you do act on a particular scenario.
Even though making one wont really be that simple but doesnt mean that you shouldnt really do something at all.

that's exactly right. generally they are consumed by negative issues raised on social media about the fall in the price of bitcoin again.
so that there was a panic sell, even though we all know behind all this there are figures who are playing a role in seeking big profits and we can also take opportunities in that role.

I will not doubt that bitcoin could dip more, we might see it at $20k then $10k, anything is possible for this speculative market. People follow the market sentiment so it's easy for them to panic. As we witness during the bull run, that's panic buying, we could also witness panic selling, so be smart and always make that scenario a real possibility.

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

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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 
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.

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.

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.

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.

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.

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.

nope it will not go there mate since bitcoin now is holding in the support level and making a sign that panic selling is over.. Infact its quite now after the massive decline in the market, what i see now are fuds only which still trying to intimidate ppl. Lol how's that possible after the dip there's another correction ? Just imagine because it seems too much and 37k is enough probably..

I feel more like this is luck to have the opportunity to invest where in 2017 it has been ignored and only realized when prices have skyrocketed like yesterday. I hope to be back again like yesterday.

We learn to many lesson regarding on the current happenings to the price of bitcoin on the market and this dip gives us opportunity to buy at the dip so its good to accumulate rather than feel sorry for not buying when the good opportunity cames. I'm accumulating now little by little so that I may have some balance for hold for longterm purposes.

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.

This has to be expected because many people are too confident with this bull run that it won't stop going parabolic until the end of the year. Many cryptos not just bitcoin made a huge increase since the start of the year, I also didn't expect to rise that fast. I wasn't able to make a huge profit from that rally because I sold too early. With this dip finally happened, I can accumulate more altcoins that pumped a lot from the previous rally and have a huge profit if they break again their ATH.

I could finally buy more bitcoin with my money and to be honest, I want it to go down much more just tto piss off the people who hates Elon Musk and have them all panic sell again. To everyone who feels like this dip is a shit, do not worry for you just have to see the good side of this dip.

LOL. It is always good to find a new person on the forum genuinely taking the time to understand Bitcoin.

I have similar feeling about Bull-runs. This one especially was completely crazy with the BSC farms and 1000% APYs.

Now that much of the glamour is subsidizing, the overnight influencers and enthusiasts will go back while real bitcoiners will know that hasharate drops, china bans, Energy FUD have always been there. Bitcoin's robustness means that the difficulty will re-adjust, miners' economic incentives will shift and slowly, things will go back to normal.

I'm not that happy because i did not see this coming and i stayed holding up to now, if only this comes to my belief then i surely sold at 55k and buy back today as the discount climbs to 15 % more.

Sometimes the term HODL really is not that best for all of us specially for me that wanted to continuously grow my holding.
You are waiting for the lowest price? lol make a enough value when to buy because if you will wait for that then you may miss the entire chances.

Frankly speaking, I am waiting for a dip in the alt market as I have sold some of them in the BTC pair, and even though there was like 20% dump in BTC, alts didn't drop anything. All of them are holding their ground. Projects like AAVE are hitting an all-time high with the BTC pair. BTC is recovering now and I don't think it will drop below the support levels.

well, there was a correction when Elon Musk did not accept bitcoin as a means of payment for Tesla. so, it is quite natural if there is a price reduction. although Elon Musk wrote something on his Twitter about not selling the bitcoins he owns, people think that it is just a manipulation so people don't panic. however, the current downturn was having quite an effect.

Yes I am waiting for it to happen to buy at a lower price and hold it till it fly high again.
The only problem that I have right now is knowing when to buy I want to buy at the lowest price possible but it is hard to know if it is already at it or it would still drop down.

I understand that many people are asking and might praying for this, then here it comes but it is too early for the celebration I think as the market isn't really on the bear season, we are just quite low at this time. What we gonna do is patiently wait, don't get excited, isn't the right time to make a buy order as the market might drop more in the coming days.

Well, I can't really say that I was happy but this gives us the opportunity again. Coz I'd never think that this will come, people are hoping for $100k, $200k, but because of Elon Musk, it changing a lot and brought the market to dumps once again.

I'm still waiting more lowest price to buy but I don't think if it will getting more lower like 2018. Many investors now are happy to see the price of bitcoin falling down because they can add more bitcoin on their bags, so do I.

This time we can't expect such a massive dip as the past time, but there is more chance of the marketcap reaching close to 1.5T in the coming week. This is just a wild guess, and if this happens I'll be the happiest on earth. I have got debt from few friends in terms of bitcoin, the deadline for settlement has been getting close. More the dip in price will help me with the low spending on buying Bitcoin.

It's hard to determine up to how much but It will not be like the 2018 dump since there are already institutional companies that heavily invested in crypto, there are already many who are waiting for the dip to happen and buy. I prefer to buy little by its breaking point since anytime soon once those who want to get in buy, it might be too big that price may jump too high.

I am waiting for it to happen but I don't know how much it would fall or how long would it stay low.
Are we going to experience a continuous drop again just like in 2018?
And if we would how low do you think it would reach?

In fact, no one knows where the bottom of this fall will be. It is stable, only one person is to blame for it, who deceived the whole world and the entire community with his contradictory statements. Now there is no trust either in this person or in the coin itself, which "suddenly" turned out to be "non-ecological", which in itself is nonsense. Everyone who understands how electrical devices work understands that this is not a priori "green" technology that works from the Sun. So the age of "stupid populism" has come and I hope it will end as quickly as it began.

Dip?   This is not a Dip, this is orchestrated and a manipulated "broadside" aimed at leveraged and margin traders, who are in some other universe adding to the margin ...   This is not the Dip everyone felt coming, this is something different.   (Artificial) IF you look at what has been going on for the last month you can see what really happened.   Buyer fatigue,  Price manipulators, scalping the bottom of the order book on the red side.   That caused the price to fall, speculators bought, (likely thinking that it would go right back up)  opps, no that did not happen, (Why did it not go back up?)  Good question and a question that I suspect many people wish they knew the answer to that question.   The most likely reason is one of psychology.

  These market manipulators, conditioned the average buyer into not buying the dip.

  After a while you see what is happening, the price goes down, but you do not buy because you already know its going lower.

So you wait and others just like you also wait, so when the price drops, not as many buyers are waiting to buy the dip.

So the price goes lower.

  Because not as many are buying, so they wait, because hey they see what has been happening and they think hey its going to go lower lets wait.

So they wait and you wait, We Wait, so the price goes lower still.

A popular internet and brick and mortar financial institution, predicted last week a shocking low price prediction, but most people ignored them because they have been wrong about 74 percent of the time in their predictions since Jan 2021. . .     But, this one they might actually be right about not because they "got it right" but because there is this nonsense about Bitcoin somehow causing Global Warming, ....      Got to love that one, kind of like it's the Cow Farts in Montana that is creating global warming...  The thing is in Montana the Air is not polluted with cow farts or people farts for that matter, unlike Mr, Musks office building ...   The price will go up.    You might be crying in your beer for now but at least you have a beer to cry into...

Apart from the temporary depreciation of assets, I feel blessed by corrections and decreases like this so that I can add to my asset coffers to be even more because this is the time to add to my assets in bitcoin.
Apart from my assets which are currently experiencing a appreciable depreciation, I am very sure that it will return to normal and even more because this is a pretty good blessing for me in particular.
i hope btc will get back to where it was and soar higher

For believers and newcomers who are now thinking of investing to this business, now is the perfect timing,
after that huge run that brings the value to the new time high.

It's up to every traders and investors  in how they'll be treating this market movements to favor their investment ventures.

Just need to make sure to calculate and analyze every dip and how you'll going to position your entry / exit point.

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.

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.

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 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.



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 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.

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.

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.

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!

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.

actually i felt happy because at last i can buy more again and now? I am buying my allocated funds for Bitcoin.
Looks like the price is stabilizing now

https://coinmarketcap.com/currencies/bitcoin/

Now we are in good market once more.

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.

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 Relative Strength Index in the market was 99 at the time when we're still above $55K and it's just obvious that this dip is imminent but if we could bounce back then maybe there's another bull run
but yeah, people have been wondering where's the correction since ages ago now that it has come people are being panicked and influenced by fear meanwhile it's just healthy dip in my opinion
and probably could prepare us for a better price point in the future and I definitely gonna HODL hard.

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

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.