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Topic: Dip, Dipper, Dippest - page 3. (Read 691 times)

hero member
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August 28, 2022, 05:10:08 PM
#33
1
hero member
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August 28, 2022, 04:39:53 PM
#32
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

If your presumption isn't accurate now doesn't mean it won't later be, the thing is we don't know when exactly the time will be for the bullrun to begin, but if i were you i will rather assume the whole year to move around that same range of $23k to $30k before we begin to het closer to halving.

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

You don't have to panic for nothing as long ad the rise is guaranteed

(I do not check the price daily. Is this normal?)

That isn't good enough especially if you're a trader

But why can't the price stay steady?

Because of volatility which is one of the reasons you wish to hold your coins as well, in other to make profit through volatility
hero member
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August 28, 2022, 04:37:34 PM
#31
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.

In my own instinct, anything can happen without warning especially the predictions, speculations and assumptions that we have for a specific coin or the entire cryptocurrency market.

We just simply don't know if $17k was the real bottom, but we have to be ready for anything. September is going to be a crucial month for us because of the Ethereum merge. Before it would happen, the market will be manipulated by the whales so that they could buy BTC, ETH, etc., at much cheaper prices.

The bear run won't end soon. Probably we might be touching $17k again or so. Just my opinion only.
hero member
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August 28, 2022, 04:11:53 PM
#30
How long have you been holding Bitcoin? Let me answer that, from the looks of things not to long. If you have experience about Bitcoin and Crypto-currency you should know or must have heard about crypto-currency volatility that's what's happening to the market right now.

You probably didn't see when at year went to below $3500, what would you consider this to be? If you are truely what you claim (long term holder a price call of not more than minus $5000 shouldn't even give you the chills not even when you are holding Bitcoin.

I believe the most difficult part of the year may me this month of September and it could also be the year that channels Bitcoin into a bull run. Fingers crossed at that.
hero member
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August 28, 2022, 03:38:27 PM
#29
Most likely, but i must advise not to get weird over the sudden change in price if you are a strong bitcoiner and strong holder. Also you don't expect the price to be constant without any change which is likely to decrease or increase.
This may simply be a market correction to get another base. watching closely it was a bit stable at around $22k to $24k hitting $25k plus twice before finally going down to 21k then finally to 19k to 20k, so we should expect another great move.
sr. member
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August 28, 2022, 03:36:00 PM
#28
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.
Bitcoin has been this way with price movement since it started, it is a money market that deal with demand and supply. a lot factors affect the price movement which include the coin halving in 4 year, miners reward, human psychology of traders, world economy, sometimes other altcoins etc. Halving separates the bull and bear market, whatever happens when the market is bullish either good or bad cant affect the upward movement, same as in the bear market that no good news can keep price going up. No matter your view in this market, a full 2 cycle is the only enough experience to talk about the coin's price
rby
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August 28, 2022, 03:14:30 PM
#27
But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts.
You're a long term holder yet you want the price to be steady? May I know what do you expect in return on holding bitcoin if it's value is steady all throughout? The value of bitcoin is volatile due to various reason and as of now there are news which concerns it's price which is about Mtgox.
In regards if we are moving towards the dippest of the dip, unfortunately, noone will be able to know whether that is what will happen as various reason could still come up from which direction we will be going through.
A true long term hodler shouldn't care much about price volatility. Bitcoin is not a stable coin and it must continue to make moves within the range it is. I believe in the analysis of Franky1, I don't know about the technical aspect of it, but when you see the logical aspect of it, you will understand that it is correct to believe. We are in thr window of 15k to 90k, anything can happen in this window.
sr. member
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August 28, 2022, 02:08:00 PM
#26
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.
FYI, the price of Bitcoin never stayed in a constant region for very long time, it just keep moving upwards and downwards all the time due to many reasons affecting the economic structure of this world. Currently we are in the bear market because after the price touched $65K the price started to move downwards and now we are in the region around 20K and also nobody can say how low it can fall and when it will rise once it reaches its lowest value.
hero member
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August 28, 2022, 12:43:18 PM
#25
But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts.
You're a long term holder yet you want the price to be steady? May I know what do you expect in return on holding bitcoin if it's value is steady all throughout? The value of bitcoin is volatile due to various reason and as of now there are news which concerns it's price which is about Mtgox.
In regards if we are moving towards the dippest of the dip, unfortunately, noone will be able to know whether that is what will happen as various reason could still come up from which direction we will be going through.
hero member
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August 28, 2022, 11:57:56 AM
#24
~
 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.
Since you claim that you are a long term holder, there is nothing to worry. If you want the price to be steady then why you are holding the coins rather than make transactions with it  Wink. Everyone is here in this space because of the volatility and if you enter the market at a good rate then you will be reaping the profit if you are patient enough to hold for a few years.

If the market goes down further just consider it as an opportunity to average your investment rather than panicking as you are in a highly volatile market and you will see corrections every now and then.
member
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August 28, 2022, 11:55:45 AM
#23
We know that crypto market is very uncertain. It maybe going to hit the dipper or it's just a correction. So always do technical analysis to know about the market situation.
full member
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August 28, 2022, 11:48:42 AM
#22
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.
Do you really want the price of Bitcoin to stay steady? if that were the case would you really invest in Bitcoin? as you said yourself, you are a long HODLer so you must understand that this is part of the market circle. I believe that we might see Bitcoins price a bit further down cos I don't think $17k was the bottom.
legendary
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August 28, 2022, 09:41:35 AM
#21
if you apply long-term investment of course you are ready with everything. The price continues to fall and is currently hitting $20k down, but the strongest support is at $17k and if it breaks we will be back to the bottom again. prepare your money reserves to buy cheaper, all possibilities will happen because at this time there are also many FUDs scattered about MT.Gox etc.
copper member
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August 28, 2022, 09:26:09 AM
#20
It’s the common problem by newbie trader that keeps browsing social media post about Bitcoin without looking the bigger picture of the price chart. Newbie will usually interpret that the recent price pump is already a reversal but it’s just a relief when you look on longer timeframe charts. You can see the obvious end of relief on Weekly chart of Bitcoin after printing long red candle last week after consecutive of sideways movement.

We can expect a huge movement downward tonight before the weekly candle close tomorrow if bulls don’t find any solution to counter the current bearish movement. This time it will be stronger because the current week candle will confirm the bearish trend once it close in red.
full member
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August 28, 2022, 09:19:36 AM
#19
If you are an old player and still holding Bitcoin for sure you won't be wondering about this, I think it's just bullshit written on twitter to make everyone panic and ask about this, know Trends are always there for years and Bitcoin price will not be stable while in this bear market. So take your best time to do something about the price movement.
hero member
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August 28, 2022, 09:16:37 AM
#18
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.
sr. member
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August 28, 2022, 09:11:19 AM
#17
These influencers and newbie panic sellers are the reason for that. They will say something for their own benefits. And newbie will trust them blindly. Even it moves towards the dippest, it will become an opportunity for long term holders. Not sure if it will though.
But this will be the best chance to fill the bag. So time to wait for that.
hero member
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August 28, 2022, 08:53:55 AM
#16
People should not overreact when they read Tweets from Heart or anyone else because if they could do that, the market conditions would not change, and they would tend to be in a sideways position. But we can't prevent people from panicking when they read it and would rather save their funds than continue to hold their bitcoins. Everything is normal because bitcoin is still going up and down several times, and if the price goes down again, you don't need to panic. Stay alert and look for a good time to know when to buy bitcoin again.
legendary
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August 28, 2022, 06:44:25 AM
#15
Are we moving towards the dippest part of the dip?
No one in my opinion, will be able to give an accurate prediction or answer your question correctly, but I would say that it is best you prepare your mind for whatever situation that comes so far you have made the decision to Hodl for long-term. See the dip as more of an opportunity to gather more bitcoins to add up to your portfolio but still you must refuse the urge to be tempted to invest more now than you can afford to loose because the market is presenting an opportunity.
hero member
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You own the pen
August 28, 2022, 05:38:51 AM
#14
The question here is, how much did you invest? it is some amount you can't afford to lose or do you need it in the future?
if so, then consider yourself unlucky because you ended up like anybody else who rush to invest without making enough research about the crypto market.

The only thing you can do right now is wait to gain back to the price when you bought it and decide whether you take it back or let it be there for a while.
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