May I was scared because I buy Bitcoin during the hypes and once it drops, I have to lose... this is normal to human, right? We feel terrible when that it looks terrible also, the dip could be scary in the sense that someone will lose or even us. But if you are buying during the bear season, like at $10k or below, even the price will dump at $40k, there is still no need to worry, we are actually safe.
This feeling can't be deniable but of course, it should be reasonable as well.
Topic: For all of you scared of the current dip - page 2. (Read 409 times)
Well dip is normal in crypto and that was a great time to buy, to those who are new in crypto dip is terrifying but to those who are in crypto for a long time dip is an opportunity, it is a great opportunity to buy some more and hold for good, i believe that the very effective strategy is to hold so buy in dip and hold.
If only they will look at this positively they can gain a lot from this, this is a continuous cycle of profit if they take the opportunity to study the market flow, they will the demand and supply chain and what every movement of the market brings, those who are afraid are those who invested with their savings and are afraid to lose it.
The people that are scared of the dip are those that rely on bitcoin/cryptocurrency as their means of daily expenses which is understandable and we can't just say that they have to worry about a dip because they have to prevent a big loss and they can't wait for an increase unless they like the idea of starvation. I know that I am not scared of the dip but that doesn't mean that everyone should be like me too. One thing that I would say about the dip is that it is your friend, it can be an opportunity for you to buy more bitcoin at a lower prices.
Well dip is normal in crypto and that was a great time to buy, to those who are new in crypto dip is terrifying but to those who are in crypto for a long time dip is an opportunity, it is a great opportunity to buy some more and hold for good, i believe that the very effective strategy is to hold so buy in dip and hold.
Please realize that, at least so far, Bitcoin is carving out support at $44k/$45k. Just one month ago it carved out support at $29k/$30k. Support is literally 50% higher in a single month. That's a ton!
For anyone who are holding the coins for the past 5 years then it does not matter as everything is a bonus and i don't mind booking some of my profits and invest somewhere else but for anyone who entered the market after that you need to be careful and i do agree with your points. Follow the market and since there are institutional funds and they are not here to boost the market rather to make the profit and you need to identify those trends. or usage and that's a fact.This doesn't exclude those people who are just putting out small investment so it isn't really a serious thing at all.Dips?
These are common because there are really common sell points which is normal into this market, it doesn't matter wether you are a whale or a casual trader.
Getting scared wouldn't really put you somewhere but rather this would be a big hindrance towards your investment decisions.
Please realize that, at least so far, Bitcoin is carving out support at $44k/$45k. Just one month ago it carved out support at $29k/$30k. Support is literally 50% higher in a single month. That's a ton!
It is surprising we only got two weeks of upside between two major corrections, but price did go up 50% (~$38k to $58k) in those two weeks.
Also remember, consolidation/corrections = market balance. The way we get a blow-off top and 80% year long crash is when market goes parabolic for too long and a flood of immature investors throw everything they have into it and then panic sell everything shortly afterward and leave the market for years. I'd rather have a plenty of corrections like we've now got in both January and February, with overall good growth, that extends what levels people are willing to invest at, and therefore extends the bull run, rather than a market that goes parabolic already and leads to a big sustained crash in the very near term.
And obviously institutional adoption is a major force driving the upside, which could explain both the quick rises - billions from institutions suddenly coming in - and also the back to back corrections - they are used to making 10-20% a year or less so when they make 50% in two weeks some of them take some off the table and others stop or don't buying and wait for stability before coming into the market. The market is pure psychology so over-exuberance leads to crashes but common corrections leads to more sustainable growth. Let's hope for regular 25-30% dips this year in between growth spurts!
If you have cash, buy the dip, if you don't, hold the dip. Just don't sell the bottom (which we are very likely at right now)!
It is surprising we only got two weeks of upside between two major corrections, but price did go up 50% (~$38k to $58k) in those two weeks.
Also remember, consolidation/corrections = market balance. The way we get a blow-off top and 80% year long crash is when market goes parabolic for too long and a flood of immature investors throw everything they have into it and then panic sell everything shortly afterward and leave the market for years. I'd rather have a plenty of corrections like we've now got in both January and February, with overall good growth, that extends what levels people are willing to invest at, and therefore extends the bull run, rather than a market that goes parabolic already and leads to a big sustained crash in the very near term.
And obviously institutional adoption is a major force driving the upside, which could explain both the quick rises - billions from institutions suddenly coming in - and also the back to back corrections - they are used to making 10-20% a year or less so when they make 50% in two weeks some of them take some off the table and others stop or don't buying and wait for stability before coming into the market. The market is pure psychology so over-exuberance leads to crashes but common corrections leads to more sustainable growth. Let's hope for regular 25-30% dips this year in between growth spurts!
If you have cash, buy the dip, if you don't, hold the dip. Just don't sell the bottom (which we are very likely at right now)!
Do you think then that the market is currently consolidating in these current quantities? Was a liquidity zone created that can withstand a bearish attack? I like how you see the market, at this moment I focus on how institutional investment has echoed around the world, according to this, I do not think Bitcoin descends a lot because the millionaires do not like to see their investment fall. I think they will create shopping walls to protect the investment.
If the increase in the recent price of Bitcoin is due to new investors, it means that the strong hands of always have not entered into play, have only been the new investors who have moved the market. Do you think this may be happening?
Please realize that, at least so far, Bitcoin is carving out support at $44k/$45k. Just one month ago it carved out support at $29k/$30k. Support is literally 50% higher in a single month. That's a ton!
It is surprising we only got two weeks of upside between two major corrections, but price did go up 50% (~$38k to $58k) in those two weeks.
Also remember, consolidation/corrections = market balance. The way we get a blow-off top and 80% year long crash is when market goes parabolic for too long and a flood of immature investors throw everything they have into it and then panic sell everything shortly afterward and leave the market for years. I'd rather have a plenty of corrections like we've now got in both January and February, with overall good growth, that extends what levels people are willing to invest at, and therefore extends the bull run, rather than a market that goes parabolic already and leads to a big sustained crash in the very near term.
I believe this cycle is longer than the previous one because the previous one peaked in a month not in a 12 month situation. How?It is surprising we only got two weeks of upside between two major corrections, but price did go up 50% (~$38k to $58k) in those two weeks.
Also remember, consolidation/corrections = market balance. The way we get a blow-off top and 80% year long crash is when market goes parabolic for too long and a flood of immature investors throw everything they have into it and then panic sell everything shortly afterward and leave the market for years. I'd rather have a plenty of corrections like we've now got in both January and February, with overall good growth, that extends what levels people are willing to invest at, and therefore extends the bull run, rather than a market that goes parabolic already and leads to a big sustained crash in the very near term.
Well, it did reached to 1k but it didn't move above 4k at all during the whole year until November and after that in December we reached to 20k, so as you can see it did more than 5x just in one month and not in other months, in other months it may have profited as well but it wasn't anywhere near the peak level at all. Whereas this time around we are doing much better, we are going 5x and then doing another 5x on top of that, and all of that happens in a 6 or so month spread so this is much better if you ask me.
I can't say what will happen, maybe things will be much better or much worse but it is definitely something much better because we are going up and down and testing crash and failing which means we are doing much better when price fails to go down.
It is normal to be scared of the dip since we had a very bad experience of it back in 2017,
We are scared that it would continue to fall little by little just like in 2018,
So even if we have faith or we really believe in crypto there would always be some doubt about the dip.
We are scared that it would continue to fall little by little just like in 2018,
So even if we have faith or we really believe in crypto there would always be some doubt about the dip.
At some point i do understand why they have felt that way, why they have this urgency to take all the profit that they think they can take, why they just panic that way to sell their let say bitcoin because it is way better to sold it in a $45k than the much lower than it, or should i say they have their most reason. But on the other hand, i could say that i hope they did left or saved a bitcoin for them that they can used to trade again when the market gets in bull again because its better to save it there than buying again for a much higher value than the value you have sold it when bear market. Yeah, their emotions dominates most with this aspect.
I give respect to these people, they are doing right, they are profiting, and that was great. But why some people disagree with these doings is that they would like to hold longer but these panic sellers are not. And they will treat the market differently compared to long-term holder investors.
if you want the time when the ATH was broken it was mid December which surprised everyone who kept saying price must fall because of new year!
i don't think we can predict how long this rally is going to last. we may never see another very long and big bear market which means these short term bear traps may be all they get for a long time.
i don't think we can predict how long this rally is going to last. we may never see another very long and big bear market which means these short term bear traps may be all they get for a long time.
Yeah I was thinking 2017 would be the last parabola (20x growth from old to new ATH) and this one would be a more mellow, farther extended period. I'm not sure it'd be good for confidence if the top comes only after a few months before we descend into "winter" again or autumn at the very least.
So we may never see another long winter, but maybe never again another summer. All good though, all good.
At some point i do understand why they have felt that way, why they have this urgency to take all the profit that they think they can take, why they just panic that way to sell their let say bitcoin because it is way better to sold it in a $45k than the much lower than it, or should i say they have their most reason. But on the other hand, i could say that i hope they did left or saved a bitcoin for them that they can used to trade again when the market gets in bull again because its better to save it there than buying again for a much higher value than the value you have sold it when bear market. Yeah, their emotions dominates most with this aspect.
Where i do have thoughts that i might be millionaire as of this moment if i did able to hold, save up or didnt waste up in trade those bitcoins wayback.
Hesitations are common since we are just humans.Handling out emotion is one of the biggest challenges that we do need to face up.
I'm active trading in Binance, and I will sell my coin for profits if reach 20%-30%. I'm happy if I'm successful sell in my target, but today I check my trade history and I realized, all the coin that I sell 20%-30% from buy price and now the increase 100%-200%. You got my point right. You can profit in trading, but become a holder will give you better profit. So you don't need to scare if you a holder
At some point i do understand why they have felt that way, why they have this urgency to take all the profit that they think they can take, why they just panic that way to sell their let say bitcoin because it is way better to sold it in a $45k than the much lower than it, or should i say they have their most reason. But on the other hand, i could say that i hope they did left or saved a bitcoin for them that they can used to trade again when the market gets in bull again because its better to save it there than buying again for a much higher value than the value you have sold it when bear market. Yeah, their emotions dominates most with this aspect.
Heres my daily view of the decline and our recent positive move upwards. It does seem to have pushed past that negative trend, the fan pattern is Fibonacci retracement apparently or some voodoo like that anyway it fits what occurred roughly hence I was bullish recently and it's played out as such.
We made a lower low then promptly ignoring that rose anyway, its not touched the 50 day average so more of a medium term look its more positive then expected by some traders I think
We made a lower low then promptly ignoring that rose anyway, its not touched the 50 day average so more of a medium term look its more positive then expected by some traders I think
This current one started I suppose in November... might it last till December if it trims down on volatility?
if you want the time when the ATH was broken it was mid December which surprised everyone who kept saying price must fall because of new year!
i don't think we can predict how long this rally is going to last. we may never see another very long and big bear market which means these short term bear traps may be all they get for a long time.
At some point i do understand why they have felt that way, why they have this urgency to take all the profit that they think they can take, why they just panic that way to sell their let say bitcoin because it is way better to sold it in a $45k than the much lower than it, or should i say they have their most reason. But on the other hand, i could say that i hope they did left or saved a bitcoin for them that they can used to trade again when the market gets in bull again because its better to save it there than buying again for a much higher value than the value you have sold it when bear market. Yeah, their emotions dominates most with this aspect.
@TravelMug @thecodebear
That's what it looks like right now, certainly, but I'm not ready to make my conclusions just yet, not when it's just been three months or so since the excitement started.
I do wonder if these reductions in volatility (in terms of overall percentage gains/losses) will also result in much longer periods of boom/bust. The last rally cycle in 2017 came close to 12 months (if counting from when it first touched $1000 all the way to touching $20000). This current one started I suppose in November... might it last till December if it trims down on volatility?
That's what it looks like right now, certainly, but I'm not ready to make my conclusions just yet, not when it's just been three months or so since the excitement started.
I do wonder if these reductions in volatility (in terms of overall percentage gains/losses) will also result in much longer periods of boom/bust. The last rally cycle in 2017 came close to 12 months (if counting from when it first touched $1000 all the way to touching $20000). This current one started I suppose in November... might it last till December if it trims down on volatility?
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Great explanation, but I think those who are scared are also too emotional to attend to the reasons you state. They are part of the reason why there are retreats. They buy when it's too high, then some whale sells a good amount, the price goes down, they get scared and sell. I've got a friend who's done that a few time (in the stock market).
I think you are more convincing to those of us who are not scared.
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I guess people who bought bitcoin a few days ago can have a smile because the price increases higher, and it's about a big profit for them. Maybe some of them already sold their bitcoin at a high peak this time and waiting for the next moment to buy bitcoin again. You do not have to fear the dip because the dip will always happen in the future, but you must prepare yourself to use the dip time to buy as many bitcoin as you can.
That is the problem with people who do not do the DCA system because they end up buying as much as they can at a moment they can but that's about it, they do not think about the future. Any person that buys all-in at any price will lose money and there is no alternative to it, because those people got in and they can't get in more and when a dip happens they miss all their chance to buy even more, the reality is that if they could end up buying a ton if they do DCA, how? Well, they could simply just hold their money, go in slow by slow at any price, and when it has a correction like this, they could buy more with the money they still have, and that would allow them to drop the averages, sure if the price increases you would be increasing your average as well but you would be having more of it in the end so if it goes even higher you are still profiting more.
If they do not change their strategy and still use all-in at any price, they will not be too long to stay in the crypto, and they will leave the market as soon as possible because they do not make any profit instead of getting a big loss. I can not imagine what they will get if they do not realize that.
When they can buy bitcoin in any correction, their average buy price will also reduce, and they have a chance to sell little by little when the price increases or they can hold and wait for the price increase so high so that they can sell it at once.
I'm rather more "afraid" that we're not seeing more painful corrections percentage-wise. I mean sure, it still hurts to see 10-20k wiped off in days, but it's really not as meaningful as when we were at 2017 prices, so you're right: 50% gains when looking at bottom vs bottom.
I'd rather see it trimmed down further now, so we squeeze out as many sellers as possible early.
I'd rather see it trimmed down further now, so we squeeze out as many sellers as possible early.
As the market grows larger it grows less volatile. So it isn't at all surprising that the two corrections so far have been like 32% and 27% or whatever, instead of the 40%-42% from 2017.
Corrections now are happening at $40k and $60k, corrections then were happening at $3k and $5k. The market is well over 10x larger now so of course it's gonna be a little bit more stable. With every rise in market value the volatility goes down a bit.
Reason two would be cuz institutions are here and they've only just started getting in, which means there is a ton of new money available to buy the dip. I think institutions will have a further stabilizing effect on prices. Most of them aren't going to panic sell and they aren't going to decide Bitcoin is worth investing in or storing some of their value in and then suddenly decide to leave the market just cuz the price went down, this also means they are more likely to buy the dip and not just run away forever the first dip they see, and finally they likely won't FOMO into Bitcoin when price is going parabolic. So on both sides - pumps and dumps - they are likely to be a stabilizing force rather than an exacerbating force.
I wouldn't say it will have a stabilizing effect on the market, but the sooner average joe like us saw institutions coming with their big bag of money, the lesser they will have to think that the market is going to see huge dump, or flash crashes like in the past. So we think that huge companies coming into the ecosystem is bad, then think again, they could have a impact in the future.
Companies are hedging their reserve assets on bitcoin, meaning they are not going to sell anytime just because the price dip 20%-30%. On the contrary this dips are very positive for them, they can more more.
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