Post
Topic
Board Bitcoin Discussion
Re: Don't Be scared Use this Dip as an opportunity to HODL more.
by
Sunderland
on 05/08/2024, 19:02:32 UTC
You are right. Not many saw the dip coming. If you take a look at the bitcoin price prediction contests in Games and rounds section of the forum you will find a lot of the prediction were bullish, mine included. This shows that bitcoin investment/trading is really not for the faint of heart. Bitcoiners who have been trading/hodling for years are not new to the volatility of the bitcoin market. Newbies however may find it difficult to hodl their bitcoins in the bear market. With the FUD creeping in the internet and trolls spreading fake news about bitcoin, weak hands will be selling off their coins.
Actually, many people have predicted this bear run, but no one knows when it will happen.
BTC prices cannot always continue to rise due to many factors including the current world economic and political situation, and don't forget that after the halving BTC price always going down and reach new ATH a few months after that.

Some holders especially bitcoin newcomers must be panicked because of this crash, but in the next few months/years there will be many people who regret why they didn't buy cheap bitcoins in August 2024.
So I agree with the subject in this thread, no need to be scared because BTC new ATH will definitely happen again.