Quote from: avp2306 on July 06, 2024, 11:12:27 AM

Quote from: Odohu on July 06, 2024, 10:50:12 AM

Quote from: DeathAngel on July 06, 2024, 10:18:51 AM

Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

It somehow give me sad feeling its because we didn't see bitcoin to surpass at $80k price but still happy for the fact that there is a great opportunity for those people to start especially those saying that they are waiting for the dip to come before they enter. And know they don't have any excuse because what they want now already came. But if they came to the point that after this dump came then they are start to have a doubt because they afraid for the current bearish situation then provably they might be a total loser for that no stance on what they have said earlier.

For sure once bitcoin price recover those people got scared of the situation would provably say that they waste a opportunity to buy when bitcoin price touch at $56k price level. But if they are really want to invest on bitcoin then much better for them to start now. Don't doubt about the dump and start right away since there would be a lot of disturbance or distractions if they wait for that scenario to happen. We don't know when this dump to end but what's important is we didn't cut off our accumulation because we afraid of more possible dumps.

That bitcoin hasn't crossed the $80k doesn't mean it won't cross it. Patient is really important here. Ups and down are really part of this bitcoin industry. Truth is minor dips like this when the bullrun is ahead is actually a great blessing. I keep telling people that these things we see and call dips are pure market manipulation from whales and institutional buyer. Plebs like us have to recognize this traps and make good use of it. I have been in this space for sometime now and I have seen many dips and it doesn't bother me anymore. Like the recent dip, I heard the German government were selling off their bitcoin and this contributed to the market fall, other factors contributed though. But surprisingly the German government started buying back and they got a reasonable amount of bitcoin at a reduced price. We as bitcoin investors must wise up to know these tricks. Even if others will fall for it, let us that are into long term hold not fall for these things and panic. Follow the market manipulators and benefit from the dip they caused. Never be tempted to sell off your bitcoin to them.