Topic: Dip, Dipper, Dippest (Read 693 times)
The challenge some people do have while investing in bitcoin is to listen to what people predict in the market. Somethings people say about the market when bitcoin go dip can make one to loose focus. Don't let negative talks make you give up from hodling. No one can tell which price bitcoin will fall to.
A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
As a long term hodler paying attention to your chart and how price keeps falling will grow some unwanted emotions in your. Even if price falls to $11k it should rather be another entry point for you. As far as supply and demand keeps fluctuating price will never be stable the greater part of the curve will always control the marketMarket does have all the possibilities whether it would dump or not into a certain extent on which people been expecting.Whenever we do see these instances or situations then to those people
who do have sufficient experience will really see these things as an opportunity and not something do talks about the end of the market which is really not true at all.
Always make yourself prepared for whatever things that lies ahead.
A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
As a long term hodler paying attention to your chart and how price keeps falling will grow some unwanted emotions in you. Even if price falls to $11k it should rather be another entry point for you. As far as supply and demand keeps fluctuating price will never be stable the greater part of the curve will always control the market 
A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
You are a long term hodler and yet you are still wondering on why those things are happening? It is normal for a price to go down again after it increases because there might be people who take advantage of that small pump. Also there might be factors which have affected the price in a negative way. The price can be steady sometimes. Can't you see that we have stayed on 20k for so many weeks last time?But, it's not possible for a price to remain stagnant forever because we are not talking about stable coins here but we are talking about volatile coins. At the moment, we don't know if the dip will continue or not but if yes then you better buy and just continue hodling since you said you are a long term hodler. There is no need to worry about your side.
This discussion will always come up anytime there is a price dip but it is uninteresting when they come from bitcoiners who have been in the space and witnessed the previous bear season I believe. No doubt it feels uncomfortable whenever the price is on a downward slop but I expect anyone who has already witnessed the past bear period to be used to it by now, complaining about it won't change anything, this period separates the true long-term players from occasional short-term investors.
@op braze yourself cos I read September is the most bearish month historically.
@op braze yourself cos I read September is the most bearish month historically.
There are a few reasons why the reasons why the bitcoin price is not more steady. The first reason is that we still live in very uncertain times right now. The Russia Ukraine war is still raging with no end in sight, the USA and China relations are at a lowest over the Taiwan issues, and global economic growth is not picking up again. All these issues make investors worried and losing trust in crypto currencies. Another factor is the high inflation which finally forced central banks to increase interest rates now. Now banks are starting to offer interest on saving accounts again and fixed income products become more attractive. For HODL investors nothing really changed, but for short term investors they feel like making higher returns in other asset classes.
Personally I think that Bitcoin can go lower, however, being convinced that Bitcoin will be the safe haven of the future, I am calm and continue to buy it regularly! The price does not change anything!
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On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?).
I repeat (I've said this elsewhere), no individual knows accurately where price is headed. We can only speculate. Don't base your judgment of Bitcoin price on what a single individual says. Even if whales were to come together to conspire to sell off at the same time, they still won't be able to dictate what level price will fall to let alone a single individual. So, ignore Mr Heart. He's merely seeking attention.Quote
Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
If you're a long term hodler, I don't see why current price should be of concern since you ought to know that the current price is at a discount; offering an opportunity for new investors to get in. Have 2024/25 in mind as the expected time to sell off. From the look of things, I even expect a further price dip after a momentary rally in November. My November pick is based on how I've seen price react in that particular month, not of anything else. I've to say that so people don't misconstrue that speculation.
I guess we are at dipper as your threads topic rightly says. At least price is at $20k today as opposed to yesterday's $19k. Ironically, we aren't selling, be it high or low, we mostly prefer holding except for a few users that swaps there coin to stable coins just to ensure the value stays stable but most other users don't. Why?
Most of there coins are on there wallets and not exchanges like myself. Hence, we just watch the value fluctuates but, that's good for the currency and investors looking to invest. Bitcoin is just being nice by giving others and eve those who wish to own more a chance to invest, lol... of course am kidding but, yeah, it's a time for investment.
Therefore, we might hold on being happy to see our investments on the rise. That time will still come!
Most of there coins are on there wallets and not exchanges like myself. Hence, we just watch the value fluctuates but, that's good for the currency and investors looking to invest. Bitcoin is just being nice by giving others and eve those who wish to own more a chance to invest, lol... of course am kidding but, yeah, it's a time for investment.
Therefore, we might hold on being happy to see our investments on the rise. That time will still come!
A long-term crypto holder should not be concerned about the price because he is holding for an extended period of time. The only time you should check the price is when you intend to add more to your portfolio; regular price checks may result in a loss of interest, which may result in selling without meeting your desired target. It is recommended to follow the price movement alone for the majority of the time during a bear market until the market regains its equilibrium.
A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
Though no one want the bitcoin price to come down even those who are buying in the bear Market would still want it to be high for them to sell. But people who are dealing with bitcoin supposed to understand the movement by now. Yes when bitcoin price goes up bitcoiners rejoice. But you don't have to over rejoice because it has its own peculiar way of movement. Yes when BTC was going up I also predicted that the price would not come down again but the price drastically come down to 19k last weekend.
Richard Heart is not supposed cry as a strong bitcoin influencer in that matter. He would have been the right person to encourage others that not strong in the faith. Now that he is the one doing the opposite what will the other that are not strong in the bitcoin faith will do?
Moving to the dipest part is what we can not predict. But I believe it would stay on this figure of 19k to 20k within this imber month period.
I will remove all your confusions in one line "count the number of times Bitcoin has been declared dead since it came into existence."
I am following a lot of crypto-Twitter people and based on their opinions and my own I am not worried at all.
I also used to check the BTC course daily, but I found this affecting too much to my emotions. I feel a lot better just checking the markets weekly or so, as I prefer to hodl on the long term.
Be patient and I think 100k+ is very possible in 1-3 years. Just my thoughts
I also used to check the BTC course daily, but I found this affecting too much to my emotions. I feel a lot better just checking the markets weekly or so, as I prefer to hodl on the long term.
Be patient and I think 100k+ is very possible in 1-3 years. Just my thoughts
A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
Though no one want the bitcoin price to come down even those who are buying in the bear Market would still want it to be high for them to sell. But people who are dealing with bitcoin supposed to understand the movement by now. Yes when bitcoin price goes up bitcoiners rejoice. But you don't have to over rejoice because it has its own peculiar way of movement. Yes when BTC was going up I also predicted that the price would not come down again but the price drastically come down to 19k last weekend.
Richard Heart is not supposed cry as a strong bitcoin influencer in that matter. He would have been the right person to encourage others that not strong in the faith. Now that he is the one doing the opposite what will the other that are not strong in the bitcoin faith will do?
Moving to the dipest part is what we can not predict. But I believe it would stay on this figure of 19k to 20k within this imber month period.
Bitcoin plumbing to $11k is just an imagination of funds makers that want to buy back at relatively low price and just as frankly have said rightly, there have sold out the holding to take gain at earlier price and they hoping to cause the weak hand to sell off the Bitcoin at a cheaper price.
There is no way possible Bitcoin will pull back to 11k I don't expect that in Bitcoin history again we have gone beyond that price range and nothing could force Bitcoin to lower down to that price. But if you are looking for the lowest Bitcoin can go for now then it will still be in the range of 20k and judging from events in the price for the past 2 to 3 months you will agree with me on that.
There is no way possible Bitcoin will pull back to 11k I don't expect that in Bitcoin history again we have gone beyond that price range and nothing could force Bitcoin to lower down to that price. But if you are looking for the lowest Bitcoin can go for now then it will still be in the range of 20k and judging from events in the price for the past 2 to 3 months you will agree with me on that.
Yeah, I also think BTC will make move now to 27k$, but it again dumped to 20K$. The reason for this dip may be Mtgox news, they are releasing BTC, so many of them will sell and dump the market. This news has created panic in the market. So BTC dumping.
That didn't happen yet so there is no confirmation there that this is the case besides, even before the Mtgox rumor, Bitcoin has been trading between the $17k it fell to in July to around $24k+ which looks more like a sideways movement from the chat to me if you look from a daily chart plot unlike what was happing from previous months of decline. However, I hope it doesn't dip more cos we could see a $16300 BTC price next. 
Just wanna know your thoughts. Thank you.
Unfortunately, the price of bitcoin can't be correctly predicted whether it will go up or down, we all are just holding and hoping for the best, the dip also is an opportunity to buy more at a cheaper price, but this is for those who have the extra cash to throw in, and not for those who already bought with all the cash they have and currently waiting for profit.Anyways, like I said before, we keep holding and waiting for the best, also buy more at every dip, if you have the cash.
Op has already said that he is a long-term investor, it means that he should not be bothered about the current price of Bitcoin but since we are all in the industry, that is no way we are not going to be concerned about the price of Bitcoin. But there is absolutely nothing we could do because we cannot make the coin to be stable. Bitcoin is either going up at a time or coming down at another time, it cannot be stable so we must learn to deal with it.
To be on the safe side at this moment what we should be doing is DCA bcause we don't know actually where the bottom is or when the next bull will run.
A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
How can the price stay steady when it is been traded actively? I doubt btc price can ever stay stable, it is the up and down movement of price that helps new investors to come in and also gives opportunity for day traders to make profit. Btc is not designed to be stable so don't expect it to be suddenly. If you can't watch the price, uninstall the app, unfollow the sites till when bear market is over.
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Just wanna know your thoughts. Thank you.
Unfortunately, the price of bitcoin can't be correctly predicted whether it will go up or down, we all are just holding and hoping for the best, the dip also is an opportunity to buy more at a cheaper price, but this is for those who have the extra cash to throw in, and not for those who already bought with all the cash they have and currently waiting for profit.Anyways, like I said before, we keep holding and waiting for the best, also buy more at every dip, if you have the cash.
Not that it matters anyway. Bitcoin has never fallen below the peak price of the previous halvening cycle.
If we consider a hypothetically possible situation, then the bitcoin's fall below "the peak price of the previous halvening cycle" will mean that something unusual and force majeure is happening, which means that need to start to get nervous and panic?Are we moving towards the dippest part of the dip?
This is not excluded, but as NotATether claims above, the probability of this is minimal, because until now, this has not happened. So, most likely, the price will hang around at this level and will not go lower. Jump to: