We see it every time Bitcoin goes to a new lower level.
Bitcoin "believers" will hurry to say "buy the dip" and "just wait it will come back"
Reality is that every dip is a new lower level - and after that comes another dip...and another.
In the beginning of 2017 very few people had Bitcoin - and therefore the price could quickly move up as a large number of people with zero financial understanding started buying Bitcoin.
Now a large number of people with zero understanding has Bitcoin and price moves down - there are no more new fools to get into Bitcoin to ever pump it again.
"Buy the dip" is something only fools believe - and as can be seen in here there are unfortunately many fools in here who do not understand that their money is already lost
Are you telling facts or are you telling pure imaginations and theories why the price or the value of Bitcoin is going down? Bitcoin "believers" will hurry to say "buy the dip" and "just wait it will come back"
Reality is that every dip is a new lower level - and after that comes another dip...and another.
In the beginning of 2017 very few people had Bitcoin - and therefore the price could quickly move up as a large number of people with zero financial understanding started buying Bitcoin.
Now a large number of people with zero understanding has Bitcoin and price moves down - there are no more new fools to get into Bitcoin to ever pump it again.
"Buy the dip" is something only fools believe - and as can be seen in here there are unfortunately many fools in here who do not understand that their money is already lost
I think those people are not fools and they are using their own hard earned money and not yours by the way. Everyone has started with zero understanding and no one is born with 100% understanding in any kinds of knowledge and wisdom, some people will learn from mistakes that they made and will not and continue the mistakes they made as long that they feel the adrenaline rush in it. It does not matter if there are too many people that have too few knowledge on this industry because they will soon learn a lot as time passes. The bearish market is not bad at all because there are a lot of professional traders who gain a lot of profit from this kind of opportunity.