This isn't the first time the dip has happened - page 6.

cabron

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Quote from: Ludmilla_rose1995 on May 18, 2021, 04:14:14 AM

they panicked because they were new. it was the first time they felt a price drop like this, plus the FUD made them even more panicked. I am not at all surprised by the decline that Elon musk tweet caused.

No. Op is saying that its not Elon's fault why the market dumps but because the market just reaches its peak and its overbought. This is also true for those who look at the charts but then the fundamental news also affects the market like Elon fud about mining and how it spend energy.

DapanasFruit

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Bitcoin is known for its extreme volatility where falling 30% of its value in a single day is not really shocking. Volatility is one factor that is actually working for Bitcoin as I don't think it is what it is right now if its price is moving as lazy as the real gold. All the excitement is centered on its capacity to go up and go down in a blink of an eye. When BTC is having a dip, we should not be worrying about because if it can go low it can also go high anytime in accordance to the market sentiment. The current dip we have is centered on developments in connection with Elon Musk, a man who is actually an outsider of Bitcoin. Sadly, we are being victimized again by another personality akin to Jamie Dimon in 2017, with twists of course. Wasn't it one of the reason why Satoshi Nakamoto left Bitcoin - so that the coin will not be tagged to a certain personality?

TastyChillySauce00

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after knowing that bitcoin could go this high, the bearish in 2017-2018 also don't really matter that much, people seem to have forgotten that doesn't matter how much bitcoin gets dumped its gonna come back to up again and that already happened many times, further more
now bitcoin is more popular than ever, most of people who exposed internet also somewhat know the existence of cryptocurrency I wonder how big the next come back gonna be and yeah post like regretting not buying when in dip definitely gonna surface again meanwhile if given another dip they gonna engulfed in fear again lol.

Ludmilla_rose1995

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Quote from: lifeforcepools on May 18, 2021, 02:38:30 AM

Of course, this is not the first time. But I don't understand why many people start to panic about this. The price will rise again over time.

they panicked because they were new. it was the first time they felt a price drop like this, plus the FUD made them even more panicked. I am not at all surprised by the decline that Elon musk tweet caused.

aysg76

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Quote from: ConnerDalfino on May 18, 2021, 02:10:19 AM

The market corrects whenever it reaches the point where people are buying and selling based on tweets. Those corrections didn't matter a year or two later. Bitcoin is bigger than any individual or corporation. How many posts have we made where we "should have bought" something for $200 or $1,000? Is it really $3000? a thousand dollars?
These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

HODL

These dips are not new to the market but what actually happens after correction is weak hands or say new investors sold to the big whales who later on enjoys the real profit.They try to create FUD in the market after which price falls and new,weak and panic investors sold at that price levels and big whales and institutional investors took undue advantage of it and buy at low and sell at peak prices.We have seen market crash in 2017 when prices dumped from $20k to as low as $3k but again btc recovered from that and touch it's ATH of $64k this year.So we don't need to worry about such dips if you are long term holder rather what best you can do is buy at dips which will eventually boost the prices and situation normalises in this crypto market.

isaac_clarke22

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Quote from: ConnerDalfino on May 18, 2021, 02:10:19 AM

~
How many posts have we made where we "should have bought" something for $200 or $1,000? Is it really $3000? a thousand dollars?
~

Expect a lot more of those soon. It is an immediate reaction of some people here just because the price corrects a bit.
They see a crash, I saw a discount and an opportunity to buy more. Wink

I imagine that people even had those reaction back in 2019 when Bitcoin even dipped below 4k when it was stabilizing back in 6k-7k before it rebounded back to 10k.
Just like what NeuroticFish said, it is just "refueling the rocket".

lifeforcepools

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Of course, this is not the first time. But I don't understand why many people start to panic about this. The price will rise again over time.

NeuroticFish

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Quote from: ConnerDalfino on May 18, 2021, 02:10:19 AM

These dips don’t matter

HODL

The dips are "stops for refueling the rocket". So they do matter, although the big ones, like this, can badly shake newbies' "confidence" in Bitcoin. (Actually in its price evolution).
Of course, those who already experienced a couple such dips are somewhat more relaxed, also because they're usually still on profit.

Ah, and not only HODL, instead also BTFD Wink

ConnerDalfino

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The market corrects whenever it reaches the point where people are buying and selling based on tweets. Those corrections didn't matter a year or two later. Bitcoin is bigger than any individual or corporation. How many posts have we made where we "should have bought" something for $200 or $1,000? Is it really $3000? a thousand dollars?
These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

HODL

Topic: This isn't the first time the dip has happened - page 6. (Read 885 times)