Topic: For all of you scared of the current dip (Read 409 times)

Big companies are still buying bitcoin, so I really don't think we will experience a massive drop here. The support is quite strong above 40k level. The adoption is different this time, and I believe this pandemic brought a lot of positives for crypto. Now, they are realizing that crypto is very good alternative in the payment system. People want to avoid using fiat, and one option now is to use crypto. I hope to see more merchants include crypto in their payment system. PayPal already have done their part, and I think, that was a good call from their side. They just need to change their approach in crypto.

This time Bitcoin gaining momentum and crossing $50k isn't a big thing, this is much expected and predicted move of experts. As said FUD is spread around, but the market hasn't reacted to it. This has been happening as a result of more and more corporate network getting into the cryptospace. This could've been a big thing if it has dropped low to $40k and made a recovery crossing $50k. This time the bull market is completely different and the bull trend is predicted to last for a much longer time in a much stabilized way.

Btc holding $50k is a very big thing amid dollar gains happened yesterday that made btc erase all its gains, but what a comeback! I think the 'somewhat bearish' phase of btc was rolled out to spread FUD in markets but today's investors are very smart that they are not selling in this FUD. I was skeptical about btc reaching $40k and less but now as $50k level is broken back, we will see a rush in btc buying taking it over $65k.

I agree on that there is no need to worry because bitcoin is still in a high price even the price is nlw down a little i think bitcoin will rise up to 55k$ in the next few weeks or months so let us wait and be more careful, dip is an opportunity to buy some more and hold so let us grab the opportunity because if bitcoin hits 150k$ at the end o the year that would be very risky to buy.

Everyone makes mistakes, some people cook food and burn them, some people trip and fall because they are careless, some people make investments hastily.

There are so many people that make mistakes in regular life let alone in work, in work we all know at least one person that did a huge mistake, I have a friend who forgot a wake up call when I worked in hotels and the guest missed his flight because of him, due to this hotel compensated a business class flight for the person and apologized which was cut from his salary and that was about 2 months worth of salary as well, so we all know people that make mistakes like that.

In crypto world, there are people who make mistakes, they get in very quickly and without any care and they end up with a loss, there is really nothing that can be avoided because in the end everyone makes mistakes so we should not really blame them.

No matter what market you are involved into, correction and price dips are inevitable and i dont know how other people been thinking that there would be no corrections like this.
Instead on getting scared, why wouldnt make these things to see as a chance to buy cheaper coins? Who knows that these might be the last prices that we would able to see
because the market would really be heading bullish in next days or months or years to come.Being afraid with this market cant really be removed on oneself specially
if the volatility is really high into a certain extent then its either you would really be ending up on making profits would lost your investment.

I m in trading field since 2016. Crypto + Forex trader. I still haven't see any chart that goes up without a correction. Trading always giving someones loosen money as a profit. So the algorithm has to lose traders to maintain its consistency. This dip is not much of a surprise. I was expected this dip after hitting 65K. But It occurred before that. Still, we have a bullish market and no more things to fear.

With the explanation of the opening post, we should be able to conclude that the current decline in Bitcoin prices is still normal. Even the current
support price is $ 48k higher than the previous support price at $ 44k. So there is no need to be afraid to see the price of Bitcoin, which until now
has not been able to go back up to the price of $ 58k. We do have to be patient if investing in Bitcoin, I am sure that this month Bitcoin will be able
to return to a price of $ 58k. We only need HODL Bitcoin we have, don't rush to sell Bitcoin at the current support price.

Those who buy from the dip always buy for luck, sometimes this game do changes from good to bad, back in 2016 i bought my first bitcoin for hold and never sold until when the year 2017 came and sold for my profits. Bitcoin opportunities lies inside the dip and those who embrace the dip are most lucky than the panic sellers with weaker hands.

There are those who can't deal with the tensions of seeing the market dipping everyday with their investment, while some of them even have been victim of one or more project with pump and dump, so, they will be more scare when they see their Bitcoin investment going down. During the last errand when Bitcoin was hyped some of my friends lost to it and are very scaring to make investment with Bitcoin currently but those who take the risk always enjoy the risk of buying in the dip. 

You should ask me in 2016-2017 if buying the dip was indeed a great time to buy.

Yes for Bitcoin and for ETH and in general LTC and Monero and other big alts, but you still had to wait years for those to become great buys. Most alts I bought in the dip continued to crash and crash. Some don't even exist anymore:)

We are all humans and we should understand that inexperienced investors are very impulsive and often make decisions without thinking. They also find it hard to resist the fear of a rapid drop in price. Therefore, I advise everyone before making a investment decision to remember and stick to this so as not to sell as the price drops quickly. It is best to wait until the price is at the level we are satisfied with and then sell. Bitcoin's price fluctuates, but sooner or later there will be a new ATH.

Lol if you bought in the Hype meaning you have the Guts to risk and Hold , or if not then you are simply A total loser.
Bitcoin price is increasing at one time and on the next will have either correction or Bear market.
So if you are not ready to Hold then never chase the price when it is increasing .

There's no other way! The demand for Bitcoin is constantly increasing, and there will be less and less new coins. The way this system works is that the price has to go up. New ATH will be appearing every now and then, because more and more people are interested in Bitcoin and invest in it!

Those cry baby are always panicking but when the train runs off they do is blame the market for not telling them when to sell or buy lol.
Its not enough for them even when they already saw how Bitcoin grows high and high each Halving , because what they want is quick profit and they don't belong to be here.

This is basically what those huge wall street companies as well, it is nothing that shocking. They try to find stocks that are undervalued and when market crashes they do lose a lot of money because their stocks go down but they have money as well so that means even if they technically lose money, they end up buying even more when it crashes so that they would be in a bigger profit when it goes back up.

Unfortunately many newbies do not have the money to buy even more from the dip, I was lucky enough to put a bit aside but that's about it, I do not have a lot of money that I put aside so I can't say that I made a lot neither but it helped, eventually those newbies will learn this over time as well.

In a way I get it but it is because of this I think that those that sell their coins should at least adopt a philosophy similar to what many investors do with gold, most books about investments recommend that people keep at least some gold in hand just in case things take a turn for the worst, and if this scenario is increasing in its probabilities then you increase your position on gold but you always keep some in hand, and a similar approach should be used with bitcoin for those that sell, so even if they sell most of their bitcoin they still have some in case it skyrockets.

Do not panic, institutional investment in bitcoins is everywhere, now what you have to do is wait, these institutions like Paypal, Microestratey are in the market together with Elon. Musk, they are not going to make investments to lose, things look different, this is not like in 2017, the correction that exists is normal in a market.

In each correction there is FUD, you cannot panic when Bitcoin is one of the safest investments there is at the moment, even so, bitcoin rose to a new ATH being in a pandemic, now when this pandemic is over it will be much higher and the price can go much higher.

We already saw the Capacity and movement , why still be weary on what the market will bring unless  we are here just to make easy money then this will be on the other side of the system

Bitcoin will Make another ATH if not today ,or not tomorrow ? there are still plenty of time for this to come true.

Just focus on Holding , the amount you can afford to lose must be keep inside your investment and trust me , one day you will find that everything will end up Winning .

HODL!!!! HODL!!!! HODL!!!!!

Yes I and many have learned to try and ignore your emotions during investments or selling.
If you trust your emotions you are reacting to what is happening.
You should be anticipating on what will happen.

But you need to grow a pair to invest when things are looking bleak. Or HODL through a bear period.
And not be greedy when selling whilst you haven't gotten the optimum price.

Of course I feel shitty when bitcoin goes down.
Of course we all go through the ups and downs.

With bitcoin you know it will go up. You just don't know if it will be weeks, months or years.
This is what I tell myself to stay a strong HODL'er...

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.

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.

All of us is no exception because majority of people who dive in into this market is really aiming to make profits not on truly depending on engaging into its adoption
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.

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?

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?

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 have been brag by ourselves and that temptation is really affecting our minds but we can't deny also sometimes have been lucky. Well, for me, selling at this time is not the wrong decision. because if you are an opportunist person, you will certainly grab the chance and you will be selling by now.

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.

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.

Having those kind of regrets are bit common even myself did really have that kind thinking where i do compare the present and the past when it comes to prices.

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

Emotions is quite hard to break when an opportunity tempts us when it talks about money. Other people would quickly decide once there's chance to earn profit instead of having zero in the end of their trades. If could turn back time, maybe if I saved all of those btc I had during those days that it's so cheap at price below $1k. This year 2021 I would be one of those millionaires in crypto, but unfortunately it didn't happen.

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

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 is the unfortunate truth, for the most part the market does not move because of logic it moves because of emotions and if people panic then there is no way to convince them to keep their coins, they are going to sell no matter what, and while we would like for them to remain in this market with us and obtain profits at the end there is nothing we can do with them and if they decide to sell their coins then we can take advantage of that and buy those coins for ourselves.

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 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.

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.

There are only 2 types of investor which are scared with the current dip that is happening. They are:

1. Newbie investors who just invested into a coin without having any knowledge or anything. They just heard that they can get profit in crypto.
2. Investors who are panicking easily. They are the ones who are selling at the bottom because they are scared that their portfolio might incur more losses and they don't want it to happen thus, they are panicking.

If you are investing in any market for quite some time and did some research, you must know that markets tend to move in cycles so movements like this are very common. I agree with the current support that OP has been said. I've been putting $44,000-$45,000 as my support too as it touched it and bounced back at that price. One thing more is that there are more good news incoming throughout the year 2021 so instead of panicking, why not be a contrarian and just do the opposite of what most of the investors are doing. If they are selling, do the opposite and buy. If you sold at the bottom, you will regret in the end for the decision you have made.

P.S. We might saw a huge green candle YTD but it doesn't mean that it will not go down. The current red candle as of today is red so there is a chance that it might test the current support of $44,000-$45,000 again. Just be ready folks

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.

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.

And just like that, the dip is already over. The fearful has sold instead of bought. I'm sure there are a lot of so-called Bitcoin supporters who did just that, the exact opposite of the right thing.

People are like waiting for the dip so that they will buy more but when the dip takes place they ended up becoming too fearful and imagining a lot of worse scenarios that they ended up selling instead.

I disagreed with you that with faith of everyone in cryptocurrency goes in one direction can make crypto to increased in price, see people who trade mindset is to make profit and we all know vividly that profiting making cryptocurrency is atoms of a good trader,and the only thing I can think of causing cryptocurrency to go up on values or down is the demands and supply of a cryptocurrency.

It's okay to be scared, because at some point a crash won't be just a correction, but a real ending of the bull market, and you can't really tell the difference between them until it's too late. Hodling and buying the dip might be good in long term, but you can't blame people for wanting to take profits, especially if it will enable them to make some spendings that they have wanted for a long time. So, worrying for short-term price is pretty legit.

If we keep on holding, even if it hurts already then whales are just laughing at us because they are the one taking profit while the small investors are still hoping that the market can recover. I know holding is rewarding over time, but did you know that you can be more profitable if you always play by the rule and know how to focus on your strategies, I mean taking profit is a must and always have your cut loss level.

It is good advice for us, thank you.
But some people already panic when they saw the downtrend yesterday, and they decide to sell their bitcoin.
Maybe that is the right moves for them to buy about bitcoin at a dip and hold it for more until the price can increase higher.
We must be careful with the dip because we do not know when the dip will come. And as your suggestion, try to buy the dip and hold it.
But this moment is still a good time to buy low and sell high because I see the price go up and down many times, so we have more chances to make a profit than just to hold.

If only everybody of us has this mindset things will be very different, the market will be stabilized and the price will keep moving up, but not all of us have 100% faith in Cryptocurrency many of us are profit-driven, easily sell their coins whenever there are rewards already and the market is going down.

Yes, and majority of them are really newbies in this crypto market. And that's why they are scared to see the price plummeted, sell in the dip and complain about the market's volality.

True, I pointed that out in my other reply, 10 dips in 2017, leading to the eventual bull run at the end of the year. So I would say once a month will be an average in this year.

Enough reason for those panicking to believe and never get that rush selling because for sure they will regret this decision soon.
Thats what i did , Buying last time when the price dip at 44k , though there might be a chance of this to dump a little more at least i am already waiting for the train run.

I wouldn't want them to do so anyway. Markets need to maintain volume to look healthy and if that supply squeeze that will start hitting institutional orders also starts squeezing on to retail, then price would just soar unrealistically.

Much happier to wait and see more "organic" appreciation.

After all, how else we gonna keep on stacking them cheap eh?

We definitely can't hold some investors to let go of their Bitcoin.  If they are selling now because they are afraid of something, that is their decision. Like if you buy Bitcoin at $25k and sell it now, you are still doubling your money, ain't that bad. We're not yet at the bottom, the price still in the best position and a good time to sell before the dip started. Though we saw the declining trend, however, the market remains healthy and I think we are too far when saying bearish season.

Something important must be taken into account, we cannot force others to think like us, in OP he gives a phenomenal explanation, but it does not apply to all people in general, some out of fear or need for money sell to solve their problems, very few others have a high financial culture to understand that this is not over yet. Others have an emotional intelligence that establishes a state of indecision, when it comes to money it is very difficult to make it change to another way of handling it.

It is a fact that Bitcoin has institutional investors in a greater number than 2017, in fact the adoption of now is very different from the adoption of 2017, the mere fact of having reached such an important ATH was unexpected even for those who bought in 2017 in $ 20k and they thought they had lost their investment, I am sure that the market will take another new ATH perhaps much more juicy, the problem with prediction is knowing when it will happen.

Not great advice honestly. Currently price is at 21% down from recent high and has bounced off 25% down twice now. Correction last month only dropped like 31% (but only ~28% before the panic sell off from the double spend fake news). Quite a good chance $44k was the bottom, selling at $46k or so is not a wise move in order to try to squeak out a few extra percent.

Don't sell near the bottom of corrections, sell during the upswing! This is precisely the time smart investors and buying. Bad investors are selling right now.

Also, I certainly hope you aren't serious when you say you can't hold and endure any plunge. That means you are over-leveraged and don't know what you're doing. If you're ever so much in whatever investments and so little in cash that you're in financial peril just because your investments go down for a while, you're putting on way too much risk.

Just an awful lot of bad advice in your comment tbh.

only the newcomers and those who are too lazy to look at the previous couple of months on charts are going to be scared these days otherwise everyone else should know by that that corrections such as this one are the most common thing that can happen during the bitcoin rises.

2017 was full of them. we had a 30% drop almost every month. and 2021 is no different either we already had 2 of them and there are more to come until the end of the year.

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.

I'm sure we're not at the bottom just yet, though a lot of people have already sold their coins due to the fear that it will plunge even deeper than where we are right now. There should be no shame in taking profits right now especially if one is uncertain what the next few days hold for bitcoin. Personally, I think that cashing out right now would be pretty good especially if you bought somewhere around $20-$30k ranges. True that the institutional investors are driving the upside potential of bitcoin, but right now they have rather become silent and looks like they are happy with what they get right now. They can easily hold and endure any and every plunge, but for us retail investors, I don't think that's also the case.

Looking at history you are looking at a 200% to 400% profit if you aren’t too greedy and GTFO in time...
200% would be a good goal...

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)!