Topic: Don't Be scared Use this Dip as an opportunity to HODL more. - page 8. (Read 1939 times)

Going down to this level this low is actually something profitable for the people who have some cash. Not everyone has cash, but for all the ones that do, this is actually a good thing and we should be considering how we could make this work in the end. I am guessing that people are going to end up considering this to be something that will take a while, after all many people have seen this as a very troubled situation, but the reality is that we are going to end up with not a great amount of improvement if we are not careful about it.

What I believe we will have trouble with is the fact that it is going to end up with people who are too scared and sell, even after dipping this hard. Nobody should be selling at this low point, it's obvious that we are going to bottom out and make a profit.

We aren't even that far from the recent prices, we were like 53k or so just a few weeks ago before we went over 60k again, so we are nearly there again and nothing shocking to be fair. Do you think it's a surprise that we are back there at the bottom at near same price? That's the bottom and we are not going to drop that much down, maybe not down at all. Accumulating and waiting for it to go up is the way to go.

Honestly don't think many people in here are scared about the drop anymore. from the looks of it people were just reactive about it for a bit, but everyone was quick to catch that this was prime opportunity to buy more crypto in the process, and from there they were able to bolster bitcoin's price back to 54k with chances of pumping back to 57k or maybe even 60k by the end of the month. I didn't even bother checking the market after knowing it went down as low as $49k, not because I'm nonchalant or whatever, but just because I know this coin's gotta bounce back eventually. And it did.

So yeah, goes to show that we've already been well-informed and well-prepared so to speak when it comes to these things. A testament to just how strong we've become over the past bull runs and bear markets which definitely gave us all the experiences we need.

Smart move. Let this dip opens more opportunity for us to add more bitcoin in our portfolio while the price is cheap. DCA is the key. Don’t wait for another dip as it won’t probably come, but stick to the current price and buy. Lucky are those who have reserved funds, but for those who have none, hold until the price slowly recovers and skyrocket again. No one will be at loss if he chose to hold longer and won’t be in panic selling.

Bitcoin went as low as $49k+ yesterday, and to be honest with you, it was a very gury thing to behold, I never expected that the price of bitcoin will drop below $60,000, not to talk of declining down to below $50k, but then, this is the market and one of the reasons why this market is so unpredictable, there isn't any doubt that many have panic sold yesterday and today, and to be honest with you, if I was new to this industry, I possibly would have done same, let go my position because it felt like the end of the world to be honest with you.

But all the same, thank goodness that things seem to be now returning back to the top again, bitcoin has successfully added more than $4k to its previous price of $50k, and I believe that sooner than later, the price will surely be back to above $60k or even more, it's definitely time to buy some more bitcoin and some other promising cryptocurrencies that it's price must have crashed due to this dip.

This morning, I was like, "price dropped - good time to buy for those who were waiting patiently"

But I am sure very few people are among that group who were waiting. But dont lose hope, this drop might continue further and even lower prices might be obtained. Consider a 50k USD to be hard low, but it might drop even more, although this evening the price has started increasing back to 54k USD.

These are all good point to get into the run. One will likely not see another 45k USD for a few months.

Most of the people that chicken out from this run were all the politically motivated holders that were using Trump as a catalyst to buy Bitcoin with hope that it will cross $100k and we have just visited $48k since many weeks now. If this has not be politically motivated, the damage would have been minimal because we already expect a bounce but the buy pressure will be there to control the sell pressure but this time, we have more of sell pressure with FUD.

I'm of the option looking for a way to see further corrections, more people will chicken out and sell and people with real intentions of long term hodl will buy and by the time they are done, they will send the price to another level, those that sold will come back again to chase the price once again.

I always assume that if someone is easily intimidated by bitcoin's price volatility is that this must be their first time witnessing price dips. Experience and history will teach you that this is temporary and you need to just sit it out.
I do not know why anyone would want to willingly recommend bitcoin to someone who they know would already have a hard time grasping the concept of bitcoin. No matter how much you explain it to them, they are just not gonna get it so better to leave them to their own devices.

No one expect Bitcoin price will fall below $50K which is true, but saying Bitcoin price is affected by global economic recession and entire world stock market in red is really not make sense. Bitcoin should be a safe haven to store wealth, just like gold, anything that happen in the world will not affect those assets.

But, unfortunately there are so many panic selling by Bitcoin holders, which I don't understand what are on their head.

I don't want to lie and I am also among those who do not believe that bitcoin will fall below $50k . But what about you, do you believe it will drop to $50k before then and why do you think that will happen ? I believe everyone was surprised by this dumping because it happened so suddenly and so quickly .

Without concerns about a global economic recession and news related to wars between Middle Eastern countries , nothing would have happened . These things are unpredictable, so there is nothing wrong with people not believing that a bitcoin drop to $50k scenario will happen . Today , the entire world stock market is in the red, the cryptocurrency market is no exception and not too surprising .

Today, the entire world stock market is also in the red, so there is nothing too scary because this is a general situation, not just bitcoin.

It'll take an experienced Bitcoin hodler not to panic about this significant dip that we're seeing now. Newbies Will surely panic and who can blame them, it's not easy watching the value of their Bitcoin diminishing in front of them. I agree with anybody that had speculated that we won't see price go this dip, especially as we're expecting bull run season anytime soon. The bright side of this quite unexpected dip, especially as price had pumped to $70 recently, is that it's another opportunity for investors to accumulate more Bitcoin, hodl and wait patiently for bull run. I won't panic about any Bitcoin dip because it's not a shitcoin that will dip and never recover.

Even with the fact that you can you think you can predict the price of bitcoins their are times that prediction will not work and you need to accept the fact that anything can happen in the happen in the market even in you absence  so the moment you accept this the earlier the better, so that what ever happens in the market will not surprise, it should be something you are use to because a lot of people are always bothered by the market. Some weeks back bitcoin was around 65k and look at the drastic drop losing about 15k so in a situation like that what will you do because selling is not an option. When this continues to happen the only choice should be that you add to the one you already have instead of panicking over price.  If your neighbor are someone that is really interested in taking advice then riding in the storm will be the best option. My neighbor here have turned two my friends into lover of bitcoin and have invested and they will always want to invest.  It should not be a case of never or never. It is better to start early and ignore the market till you make that money.

I actually saw that coming from miles away! and yesterday I said we could see a dump to $50k soon when we were still strong above $60k.

Me predicting it is not important though, what's important is my reasoning which I think is solid and will repeat in the future as well. I wrote something about it about 4 months ago with the title Bitcoin and global tensions!. In a way this has turned into both a positive and a negative characteristic of bitcoin.

When Bitcoin reacts to such huge global events, it shows that Bitcoin has stopped being this small market where only a bunch of nerds on the internet trade. It may not have "matured" the way we want it but at the same time it has woven into our society and has gotten so many different people involved that whenever such a significant global event (eg. COVID19, NATO-RU conflict, Iran punishing the NATO backed terrorists) is happening that can affect the economy as a whole; Bitcoin reacts to it just like other markets (like the US stock market that has been crashing in all those events).

But also it is a negative characteristic because Bitcoin was supposed to be that "safe haven" not something people only buy during peacetime and when everything is fine. It was supposed to be the digital gold and yet gold seems to be more resilient to such negative events.

Of course I should add that economy and the markets are too complex to be analyzed like this and be affected with only one reason (such as conflict in this case), even though I say these tensions are the main reason for it. There are lots of reasons that have significant impact on markets including Bitcoin's. The next major thing is the recession. In case you missed it, US was incapable of cutting interest rates and is deepening the recession which means only one thing: more sell pressure on different markets including bitcoin...

Yeah, I bought some too. When you've been in crypto for some time crashes like that don't scare you, they make you greedy.

This is clear proof that we can just speculate the price of Bitcoin because predicting it accurately is very difficult. Bitcoin Spot ETF slightly influenced the Bitcoin circle, so I was expecting the price to go as low as possible after the hype.


Traders know how to navigate the market, and they are also aware of the risk involved in trading. There is no need to panic if you are a long term hodler. The economic factors that led to the decline in price are temporal. Investor's confidence in the market will return since there are indications that the US Central Bank might reduce interest rates in a few months. No need to sell because we are still at the beginning of the bull run.

How true this is!

Even if expectations of many haven't met, the last months have been very positive in overall and we got used to a positive trend that got us anesthetized somehow. This last dip after a few days of decline reminds us that other tendencies and feelings are possible.

I don't want bad feelings for my friends, relatives and/or neighbors, so I don't talk about it to most of them, at the price of not making them share in the good moments either, but I've always thought that Bitcoin is a door you'd better cross yourself with no invitation.

yes you are someone who is right in this case, we do not know aka someone's mentality in holding bitcoin at a phase like this, panic in people who do not understand how market fluctuations will result in him losing money due to panic selling when dumping.

So it is better not to advise anyone to buy, unless he really asks us for forced advice, more than that don't do it to avoid getting into trouble with neighbors.
Collect more bitcoins in the market like now is a sentence that I will stick to, because bitcoin has not yet reached the last q years of the cycle it will make us much more profitable when the second ATH after Halving, next year will be brighter in my opinion.

 Bitcoin holding is not for the weak minded and now that price I'd going down by the second will want to make people panic to the point that they forget this is a normal occurrence for Bitcoin.
You know, this is one of the reasons I don't press my neighbors to look to adding Bitcoin in their investment portfolio because they may not be willing to ride the storm of volatility till it dies.
 You are right, this is the best time to purchase more Bitcoin as much as you can afford because like others I feel it's going to be quite temporary before we see a jump again.
Bitcoin price hovering at $52k occured some two-three weeks back but we saw how it rose sharply and I guess it's the same thing that will repeat.

Condition A: I wanna have bitcoin, but the price is currently high (e.g. $60K per Bitcoin), maybe I'll look at it in the near future, who knows, I can buy it at a slightly cheaper price.
Narrator: In the end he didn't buy it and waited to get it at a slightly cheaper price according to him.

Condition B: Wow, now the price of bitcoin is going down because of some bad news, but I think I should still monitor it, who knows maybe I might get a cheaper price than the current price (e.g. $50K per Bitcoin).
Narrator: Look at this fool, he already got the conditions he wanted, but he still wants more.

Narrator: Now that the price of Bitcoin (BTC) is around $100K, I think he has already made a huge profit from buying Bitcoin.
Condition C: Dafuq!!! Why didn't I just buy it when it was $60K (Condition A), I don't care about $50K or $40K, what I wanted was Bitcoin, not buying it cheap.

Above is a short story about people who assess Bitcoin in terms of value in FIAT, whatever Bitcoin's price is now, it will not lose its value in the slightest, 0,2 BTC is still 0,2 BTC no matter how FIAT views Bitcoin's value. Make this price drop as a new opportunity for us to accumulate more Bitcoin (BTC).

To my greatest shock, I woke up this morning to see that bitcoin price dip to $52k and I was like damn it where is my reserve funds, and immediately I bought some sats because I am still stacking and need to take advantage of the market price since I am buying in discount.

To new investors and weak hands, this is not the time for panic but a time that bitcoin gives you the opportunity to buy bitcoin in discount because the price is on temporary and will still pump as we are expecting the bull run to kick with price pump soon. Hodli is the only way out to overcome bitcoin price volatility.

Many persons here never believed that bitcoin would ever go back to $50k however to everyone's suprise it didn't turn out that way (like $52k damn ) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able  to confirm this from a couple of users including  The Sceptical Chymist (lol)

For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.
For alot of persons, including those who are new to bitcoin, panicking is inevitable and if you really want to HODL I think it won't be necessary.  Don't let FOMO put you in a position to panick and sell off your coins instead take this dip as an opportunity to HODL more coins by buying from scared HODLERS (be a smart trader lol I mean be a SMART HODLER ) .
 I Suggest you sit back and watch the dip fade off.


DON'T FORGET TO KEEP YOUR KEYS SAFE