Re: [2022-12-14] BTC bear market 70% dip kills BTC tourists as metric screams buy
Bitcointourist or Cryptotourist from speculation section?
And I didn't know how a bear market dip can "kill" someone. Maybe it will result in a big loss of funds or erase some unrealized profits but "kill"? Seriously??
And I didn't know how a bear market dip can "kill" someone. Maybe it will result in a big loss of funds or erase some unrealized profits but "kill"? Seriously??
So what it actually means is this.....
The Bitcoin tourists are those speculators that hang around Bitcoin, when the price are high. A lot of those people left the market, because a 70% dip in the price...signaled to them that Bitcoin is failing.
The long-term Bitcoin enthusiasts know better...and they see the DIP as a trigger to buy more bitcoins. They have seen the Bitcoin price dip like this before and then the recovery period to a new "all time high" price.... so they know it is the best time to buy, when the price dip with 70%
Ah, so the "tourists" are people looking to make a quick buck who haven't paid enough attention to know that BTC goes up and down. In other words short term speculators who think "long term" is a few days and "short term" is a few minutes. lol. Market timing is a gamble. As you say, one sure way to have done well was to just buy a dip and then leave it for a few years.