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Topic: Dip, Dipper, Dippest - page 2. (Read 691 times)

hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
August 29, 2022, 01:38:42 PM
#53
Market volatility will not have any negative effect on those who are gaining knowledge and believe in crypto. However, as the current situation is a little worse, the market has dipped below $20k, many are looking for a big support zone at $17k. That may be the maximum dip for those who are interested in investing. Despite having dip, some investors may not buy because they are always waiting for dip.
member
Activity: 518
Merit: 33
August 29, 2022, 12:09:43 PM
#52
Influencers are just one of the cancerous aspects of what social media brought to the table.

Most of them act like they can predict the future with almost 100% accuracy while as a matter of fact they're just as clueless as you or anyone else on what happens next with the market, and unfortunately many newbies in the market think making money with trading/investing is easy and they can rely on these accounts to give them proper advice which is absolutely not the case.

Don't get me wrong, there are some good influencers in the space that can give you great advice and help you develop a new perspective on the market and how they operate, but they often remind you that they're not a know it all and they're merely trying to increase the chance of seeing the next move of the market with their data/information provided in their tweets, but sadly that doesn't include a very large percentage of them.
hero member
Activity: 2982
Merit: 610
August 29, 2022, 08:13:23 AM
#51
UP and DOWN? Never get surprised about it and never ever think that pumps can be certain at these bearish moments of the market as it was really hard.
Well, I understand what you feel but somehow, we should be aware of the situation as well and become ready for everything. We just think that all of these ups and downs are unpredictable, of course, we can do predictions but never think it all be right, not at all times.
member
Activity: 392
Merit: 31
August 29, 2022, 07:58:06 AM
#50
In investing, of course, we must calm our minds, don't panic, and our thoughts must be positive, because if we are not calm, especially if we add panic, sometimes we will get losses and I learn from my own experience.

In my opinion, investing should be calm, especially if we invest in bitcoin. because even if there is a decrease in price of course it will come back up again.
hero member
Activity: 2716
Merit: 552
August 28, 2022, 10:20:13 PM
#49
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.

You should be more positive if Bitcoin falls at $11k like what Richard Heart said. You know why? Because you are given another opportunity to buy at a lower price and will give you huge profit as you have mentioned you are a long term hodler.
There is always a possibility that Bitcoin may hit $10k or below, but don't get too emotional, it's not the end of the world. In fact, Bitcoin is just giving a lot of people a chance to make profit like the early adopters/long term hodlers experienced before.
People like Richard Heart only sounds relevant because they are known in the financial industry. They're either talking sh*t or just making a voice so he get the investors attention. Nevertheless, nobody knows how Bitcoin will be priced in the next coming years. 
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
August 28, 2022, 09:57:49 PM
#48
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 said that you are a long term holder but your sentiments say that you are in a panic seeing bitcoin price dumps. No one knows if bitcoin can reach near 11K in near future but it should not matter to long term holders. I am just waiting for the price to hit the lows so that the accumulation journey starts from that point which will lead to another bull market after the next halving in 2024. Its sad but price will dump to very low levels to give maximum pain to the holders.
legendary
Activity: 1904
Merit: 1159
August 28, 2022, 09:51:08 PM
#47
We need to accept that Bitcoin is over year loosing market share the main reason so this is many alternative coins. Moreover the mining cost of Bitcoin is now exorbitant.. All this show that it's time for Bitcoin to evolve into a more eco-friendly avatar... We need to show the world that Bitcoin is and will stay the king crypto currency.
sr. member
Activity: 2380
Merit: 366
August 28, 2022, 09:37:26 PM
#46
The price also made me positive recently when it touched $25,000. It made me think that we won't fall down to $20,000 anymore. Of course I was also wrong. The price not only hit $20,000 once again, it actually fell lower than that. This time around I am seeing the possibility of Bitcoin attempting to create a new bottom. But let it come, that's a good opportunity after all.

Why can't the price stay steady? Why, has Bitcoin's price even reached a steady state? Bitcoin's price has always been volatile. And I have also read a lot of news about the release of Mt Gox Bitcoin.
copper member
Activity: 2268
Merit: 539
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August 28, 2022, 08:55:05 PM
#45
We cannot know if we are going to test new lows, but I do believe that the next few months are not going to be good. Maybe we will go up a little bit or down, but in essence we are going to stay at these price levels.

To go below 17,000 USD I don't think it will happen and if it does I think the price will recover soon, because it is a very clear buy zone.

When BTC touches 17,000 USD, then definitely within the next few mins, many buy orders will be placed, as many will rush to buy Bitcoins as many they can.
Buying Bitcoins at such a low price is still a dream for many people, so if anyone the price touches 17,000 USD, then definitely in the next few hours the price will skyrocket as the demand gets increased.
Nevertheless this bear market will end soon, so I suggest all the fellow members to don’t panic and sell if the price falls. Just be patient and wait till be the bear market gets over.
hero member
Activity: 3010
Merit: 629
August 28, 2022, 08:16:49 PM
#44
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.
The nature of Bitcoin is high volatile therefore we cant expect the price to stay steady. There are also investors who take advantage the sudden increase/decrease to profit. Those who are investing for short term, it has an impact on the price depending on their decision either to buy and sell their Bitcoin. On the other side we cant pinpoint if we already reach the bottom or the price will decrease further. Those so called experts and streamers predicting the future price are just speculating, thus its not accurate prediction to rely on, because no one knows what will happen next.

Honestly, I am not perturbed at all because I am a long term hodler.
Then, dont mind the current price since you're holding for long term. Be used to it because its quite normal for the price to be unstable.
sr. member
Activity: 385
Merit: 266
August 28, 2022, 07:45:24 PM
#43
Yeah BTC price is not steady. It is basically a parallel of the US markets, which are currently in disarray with the actions of the Federal Reserve. Until inflation is controlled prices will be everywhere.

I think basically if Bitcoin drops to a certain amount then many market bulls will liquidate their assets which may cause a chain reaction. I think this is what Richard Heart meant. But yeah don't listen to him, he is a shady man.
hero member
Activity: 1484
Merit: 928
August 28, 2022, 06:54:55 PM
#42
I don't care about how low bitcoin price go, all what I know is that bitcoin price gives people opportunity to accumulate more now that the price is down, I don't care about how low the price goes am still accumulating more bitcoin and am really to hold for as long as possible, have been hearing lots of news that bitcon will die, some say bitcoin will dump to zero, if you believe those people then sell your bitcoin now and see what will happen in the next few year's, you will endup regretting why you sold your bitcoin and most people criticing bitcoin currently are holding bitcoin and some are waiting for it to dump more so that they will accumulate more.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
August 28, 2022, 06:38:55 PM
#41
Don't listen and believe deluded fools like Richard Heart because they hate Bitcoin and want you to buy their shitcoins. The current price movements of Bitcoin are a common thing in normal and healthy markets. You can't expect the price of Bitcoin to just move up and up without any correction.
If you holding long term, you have nothing to worry about like FOMO and panic selling.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
August 28, 2022, 06:25:42 PM
#40
That is how many people always spread FUD to make many people panic and stressed. SO far, the FUD can really work effectively to influence the market. It seems that there are certain interests from many sides that expect Bitcoin not to rise up to over $24k right now. We can see many funds are spreading as always the Bitcoin will struggle to increase, and then it is falling down again.
That is why, if you are a long-term investor, just holding them up, never influenced by the market situation right now because we know that the market is very volatile and not really well currently. If you are holding for long term, just buy more and hold them until your target is reached.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
August 28, 2022, 06:15:12 PM
#39
Market volatility is common with cryptocurrency. The price that made a fall and bounced back $23k + is the impact of the relief rally. By the time most of the people thought it as the beginning of the bullish market. Now the market have begun to move sideways but it keeps up the $19k support level. Falling down to that could make the price touch down to $17k. This is my personal prediction and very few believe in the upcoming downfall in the price.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
August 28, 2022, 05:59:53 PM
#38
OP, you can't see the big picture.
You were excited because BTC was at 23k? That's not a gain. The price was bad and it still is bad. It doesn't matter if it's 10k or 22k because it's below the 200 week MA, but should ewe care? Of course not. We know the real value of bitcoin and this event where central banks are trying to crash assets by increasing the price of fiat currencies should be a warning to people. Don't hold fiat currencies if you have a lot of them - spend them!


There have been too many rumours surrounding bitcoin lately and it seems to be a big one incoming that would hurt the market. However, the crypto market is unpredictable, what may turn out is not necessarily what someone anticipates at times. What you might have heard is probability and not 100% certainty. In case you've not heard, this is another and I think it seems to be the top news that got everyone panicking:
https://cointelegraph.com/news/mt-gox-rumors-panic-bitcoin-twitter-as-btc-price-returns-below-20k

Gox coins are a joke that people keep repeating at least since 2020... Please stop giving attention to this FUD.

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jr. member
Activity: 168
Merit: 4
August 28, 2022, 05:50:56 PM
#37
There have been too many rumours surrounding bitcoin lately and it seems to be a big one incoming that would hurt the market. However, the crypto market is unpredictable, what may turn out is not necessarily what someone anticipates at times. What you might have heard is probability and not 100% certainty. In case you've not heard, this is another and I think it seems to be the top news that got everyone panicking:
https://cointelegraph.com/news/mt-gox-rumors-panic-bitcoin-twitter-as-btc-price-returns-below-20k
hero member
Activity: 1008
Merit: 702
August 28, 2022, 05:31:12 PM
#36
The volatility of bitcoin is unpredictable. Influencers and the general public cannot predict the precise amount at any specific time, they can only make guesses. The market can go dipper than this or decides to skyrocket also depending on the nature of the market.
I enjoy making bitcoin predictions and analysis because they give me a means to determine the likelihood of what should be anticipated, even if I don't entirely believe in them. Some predictions are incorrect, some sometimes turn out to be true. No matter what happens, now is the perfect moment to buy and save for better times. I believe that bitcoin's volatile nature makes trading them more intriguing for investors.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
August 28, 2022, 05:25:26 PM
#35
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.
The price won't be steady because it has always been volatile. Don't look at those tweets, they'll make you more emotional and could tend for you to start panic selling.

I've that title elsewhere and it's like a meme which has always make me laugh.  Grin

Just focus on being a long term holder and you're just doing fine and anyway, welcome to the market for this how it goes for being one of the most volatile asset in the world.
hero member
Activity: 2548
Merit: 607
August 28, 2022, 05:17:47 PM
#34
Dollar Cost Average (DCA) across what you think the bottoms may be and set up some limit orders.  Not the most perfect but may be the best way to "time" the market and not miss out bargains.
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