Post
Topic
Board Bitcoin Discussion
Re: This isn't the first time the dip has happened
by
aysg76
on 18/05/2021, 09:10:39 UTC
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.