Topic: Don't Be scared Use this Dip as an opportunity to HODL more. - page 6. (Read 1941 times)

After bitcoin had hit and broke the previous all time high of it even before the halving, I have never thought the market was going to dip to that extent again. It only traded above that price not for too long time and decided to make that a new resistance level. FOMO will set in and that is what cannot be fully taken care of by all investors in bitcoin. How you panic at this prices determines how your level of resistivity to market volatility is also. This moment will pass but the strong Hodlers are the one that will be able to hold on until ethos moment fades away. Also, the market is at a very good opportunity for investors to add to their holdings, those that always have reserve funds will take advantage of this opportunity to bag more in their portfolios.

at other times they panic and sell their BTC at a cheap price and smart people certainly buy their BTC at a cheap price and it is true that now many people are smiling to see that their money has increased, of course for those who bought BTC at a cheap price. 

Of course, I personally also hope that the price of BTC will rise even higher because I personally would also be very happy if the price of BTC could rise to $80k first and then go to $100k. Yes, the point is that the decline in BTC teaches us that the BTC and crypto markets are fluctuating. Those who can take advantage of it will certainly make a profit, but for those who always panic, lack knowledge and experience, potential losses will certainly be easy to obtain. but of course, for a beginner, this incident will definitely make them learn from experience and it will definitely be a valuable lesson.

now the price of btc is around $57k and hopefully btc will continue to rise to $60k first. and I also hope that in the future there will be no more things that will cause the price of BTC to fall.

You have done the right thing mate and that could be the only thing anyone that understands the market dynamics will do, as am typing it is 57k and might go higher than that, building our psychology and getting used to the market volatility as a culture and custom such that instead of panicking we take advantage and maximize opportunities of increasing our holdings even at more cheaper rates, Bitcoin is still Bitcoin such that even when the price comes down it goes up even higher than it's previous, hence the reason for intentionally approaching it in terms of a long term investment.

Is the DIP really coming? Certainly, we don't know until it comes. And I don't think the current situation leads us to that situation.

Anyway, people just make assumptions about the market for such a thing, but most of us believe that there are more pumps than drops. Whatever the situation becomes, holding seems to be the best thing we can do. If we are real investors, the volatility of the market is not worrying. When it drops, we buy and hold. But when it pumps, we sell it to make a profit. That is how it works, and we find every situation an opportunity. 

This is all I can say: buy as long as we can but never get to the point where we spend everything we have. And hold if we really think that is the best option to take. 

First of all the number is unknown. The reason the idiots are calling it "thousands" is because they idiots counted the booster and the warhead as two separate objects, they also counted the clusters as separate projectiles (1 missile with a cluster warhead that separates into 20 small bomblets counted as 20). Number of BMs launched is probably a hundred or two.
The closest number is 300 and it is a combination of loitering munition and missiles.
NATO was only capable of intercepting 10% of the incoming projectiles (mainly the low tier cruise missiles and the loitering munitions) and 0% of the ballistic missiles
https://bitcointalksearch.org/topic/--5492735

If Iran had launched 10k BMs at Israel, it would not have existed today.

They basically paid an idiot to use a Helishot (a tiny quadcopter used for filming yourself available in all "toy" stores) to fly into a restricted airspace and get it shot down immediately to sell that in the new as an "strike" since the defense system used is very loud and the airfield is a civilian one that is close to population centers.
That was all that happened. The Zionists didn't even take responsibility for that out of fear

Well Iran did completely demolish the Nevatim Airbase and the other secret facility in the al-Sheikh mountain according to the videos and damaged seven more military bases, back on April 13.

Yes, having reserve funds in fiat is also important. Because it can be very useful when there is a big correction in the market. because we will be ready to take advantage of a downturn by buying more. Meanwhile, if we don't have reserve funds that can be used during a market correction, we will definitely be quite annoyed because we can't take this moment into a profitable opportunity. I always have this too. That is, I always have USDT which I keep in my wallet which I always use or use to buy when the market is deeply corrected. And that's what I did to DCA bitcoin. But mostly I use it more for short-term investments. That is just to take advantage of the reversal momentum in the market.

We already know how volatile bitcoin is, and yet everytime we see like this happening, we still get panic not because we are afraid to lose, but probably because we have this mindset that bitcoin price is always at the peak.

However, despite of the current price drop, its undeniable that this comes with a great opportunity, but not everyone may realized this until some wise investors started buying again to increase their future profits when bull run comes. Seeing the current price dips, it shouldn’t be a threat but a big opportunity to buy more and hold longer.

You can't compare bitcoin to gold, bitcoin still can't compare to gold in terms of an inflation hedge or a safe haven, that's true. I have never considered bitcoin a safe haven because of its volatile nature and capitalization cannot guarantee us the same level of safety as gold. 
Frankly, many people will object, but as long as bitcoin's volatility remains high, it is more of a speculative asset than a safe haven.

Furthermore, gold is thousands of years old and bitcoin is only 15 years old, we should not ask too much of a child growing up and compare it to an old man like gold. Let's give bitcoin more time to mature and prove to the world that it can be like gold or surpass gold as a safe haven.

It's important to have some money in fiat money on stand by so you can buy the dip when the prices fall down.

The dump was unexpected to many of us who were not current on cryptocurrency news, and some of us still don’t know the cause of the dump.
This is an opportunity for investors to still accumulate Bitcoin at some reasonable amount because since after the halving many people were thinking that Bitcoin will not come this low, now it is an opportunity to for people who still have good financial capability to invest even if it for short time so as to take profit when it goes above 60k$.

DCA method has always been the best because you don’t care about the price, but such dumps is an opportunity to buy at some reasonable price.

I never get scared about the recent market drop, from my experience during the past pre-bull market and before the US election, the price wont go past $73k and until after the rate cut and the US presidential election.

Technically,  From my analysis I already saw this happening way back as of June when I told my friend that Bitcoin was going to drop to $48k level but rather we saw the 59k happened and the price went back up, but I wasn't totally convinced when I saw a liquidity price trap that was left at $48k way back weeks after Bitcoin ETFs approval and finally it happened this week that level was mitigated, thereby taking more one month for this price drop to happened, but what I learned from the market is that price tends to do what it wants to do on it own way and in its own time.

I'd argue that it is that safe haven, but you have to buy around the 200 WMA.

Hear me out. Bitcoin has a few of these levels. Some are called the miner capitulation level, where they can no longer sell bitcoin because it's under the production cost. There's also a 200 WMA which served as a base line for over a decade. Currently that's $37k, not 70 that we fell from. For a while bitcoin has been bound to wall street because the same people who leverage stocks, also leverage bitcoin. We have futures where people hedge their bets on bitcoin. These degenerates, because that's what most of them are, were borrowing money in Japan, using it to both buy stocks in the US with leverage. When some of them, like Intel and Nvidia crashed, these degenerates dumped everything including crypto that they held, at a loss, just to get some money out so that banks don't come after them.

Notice that Intel crashed on August 1 and 2 and bitcoin on 4 and 5, with delay, because it's not bitcoin that's at fault here. Bitcoin is strong. It's the delusional leverage traders who got margin calls on their tech stocks who are responsible for this.

Bitcoin might still dip more and investors will continue to panic. We are humans and we are bound to be frightened when we see what belongs to us start depreciating so fast and overnight. But one won't call himself an investor if he does not know that these things happen along the line of investment and the ability to be able to control quick decisions that could lead to mistakes or negative actions.


I dont believe there is anything like weak-minded people when it comes to hodling. What I truly believe is that most persons dont value their Bitcoin, because if they do they wont sell them until it reach the price target they want. If I have a good amount of Bitcoin in my portfolio I possibly would know that the value of it would be worth more in the future then why would I sell now? I value what it's going to be soon and not what it is now, that is just the idea.

Yes, today’s a big opportunity for those who are bitcoin enthusiasts but for those who have doubted bitcoin ever since, they will continue to neglect opportunities like this. Something that they will realized only when majority of the new investors are already in the peak of success.

However, for those who have missed opportunity buying bitcoin when it was $48k, don’t worry the current price is still a good buy for those who are planning to hold their coins longer. But if they can start buying at its bottom price, which I think is quite hard to predict also, it would turn into massive profits in the future for sure.

After that a little bit severe drop that we have experienced recently, on which the market is really that showing green candles now. Lucky for those who do made out some DCA on that particular moment or time on which the current profit on % form or base are really that still considerable but thats if you have bought on that dip. Some are saying that this is really just that some fake green and having that dead cat bounce which it would really be just causing for the price to go down even more. Somehow there's no way that we could tell on what would really be happening in the future. It is really just that you cant be able to tell
on where it would be heading but bearish market is something that you could see for it to be an opportunity to accumulate and hold more, but it would really be that totally depending on what you are holding or accumulating on.

Getting scared or having that hesitance would really be just that normal since we dont really like on experiencing negative but due to this volatility of the market then this is something that will really be that inevitable
to experience. This is why self acceptance and preparedness is really something that you would really be needing up to consider. So that on the moment that iwould really be happening
then you cant really just that make yourself that being too impulsive or easily get panicked.

Honestly there's nobody that wouldn't be suprised by the sudden dip, the whole market was bloody (red) and I'm pretty sure it would've cause some fud. I over heard someone even saying that he was expecting the market to be more bullish but woke up to see that even Bitcoin had to obey the law of gravity, funny though and he further said that it could be the conflict in most nations especially that of Iran and Israel that's affecting the market, he might be wrong though. Well that aside, the dip was the best opportunity for investors to keep accuamulating and anyone who invested when it touch down $48k should've made good profit currently. Of course investing in Cryptocurrency is not for the weak, it's not something that's done with emotions and one has to kill their fears and prepare for the uncertainty and those who are prepared to seize an opportunity the market gives would benefit on the long run.

Seeing those negative sentiments spreading it really create scare to a lot of people. The market is not doing good and I believe those who got crazy about those dumps lose their money because they get panic to lose more especially when the price drop down so bad. There's no people got happy about that situation since lots of people expect for maybe a slow dump and consistent pump until the end of the year since good discussions still rotating and there are some people think about bitcoin to reach at $100k this year. But it seems those kind of speculation is not possible to happen for now since bitcoin is experiencing a decline for past few days.

Crypto is not really for weak hands and if they are really eager to invest with it, they should prepare for something good and worse to happen so they should always do their research before conducting risky actions or decisions.

Even the old investors were shocked by the sudden decline in the market but It is very annoying and frustrating being in the midst of new investors. Damn! I wake up to see lots of messages that shows how panicking they were. I am not happy seeing the market the way it is now but it's not surprising at all, it is expected.

Investing in crypto is not for the weak mind who can not withstand a little shake in the market. Their fear might be due to either they invest with money they can not afford to lose or they did not plan to invest for a long time. You can only sit and watch or seized the opportunity to increase your portfolio only if you have intention of holding for long.

Well, the dip is worsening. There are concerns about the growth of the US economy and fears of the US economic recession, and those seem to be driving the stock markets down. Bitcoin is just caught up in the middle of it and currently correlates with the general economic trend. I think it is a temporary issue that will resolve itself (both with the stock market and with Bitcoin), especially since the Fed is expected to lower the interest rates once by the end of this year.
There is truly nothing to be concerned about, I agree with the op that it's a good buying opportunity.

Well, this is what I have been doing since a few days ago. That is, I sit back (even though I'm actually sitting at work with work piling up) while enjoying the decline and trying to take some price bottoms to accumulate bitcoins, even just a little. Some of us may have missed the 49k price and yesterday we encountered it again. And for those who even intend to trade and buy at the price of 49k, they are currently in a profitable position. Because currently bitcoin has returned to the price of 55k. 

And yes, the most important thing is to keep our crypto wallet secure.