Re: Don't Be scared Use this Dip as an opportunity to HODL more.
Many persons here never believed that bitcoin would ever go back to $50k however to everyone's suprise it didn't turn out that way (like $52k damn 
) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able to confirm this from a couple of users including The Sceptical Chymist (lol) 
Is it necessary to mention "The Sceptical Chymist"? Is this a way to appreciate him or what? ) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able to confirm this from a couple of users including The Sceptical Chymist (lol) 
I think it is normal if most people don't believe Bitcoin to drop again below $50k when it already crossed $70k and even hits $73,750 as a new ATH. Even we have some corrections after Bitcoin hits a new ATH, it never drop below $55k. As far as I know, the lowest price was $56k only. Bitcoin also always could recover and the price crossed again $70k after few corrections. In this condition, I think I can understand if many people believe we are safe to see Bitcoin price above $60k. However, we know Bitcoin price is always unpredictable, even the price can change suddenly because of 1 issue/news. Since it already tries to retest a new ATH and failed, and there are also many FUDs around us, it is actually not so surprised if we have big dump now. Well, I think we may experience 2 months of red market (August-September). In this period of time, I think we may see lower price but I am still confident it should be still above $40k.
Keep patience, guys! This is not the end of Bitcoin. We are likely to have good news in November-December. Check again "Bitcoin monthly return".
