Post
Topic
Board Bitcoin Discussion
Re: Don't Be scared Use this Dip as an opportunity to HODL more.
by
Franctoshi
on 06/08/2024, 20:12:16 UTC
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 Roll Eyes) 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) Cheesy
Quote
Well jeez, how long have you been watching the bitcoin market?  I never thought BTC would ever hit $1k, $10k, or even $50k in my lifetime, but that was way back when I was green and didn't realize how strong its user base was

For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.
For alot of persons, including those who are new to bitcoin, panicking is inevitable and if you really want to HODL I think it won't be necessary.  Don't let FOMO put you in a position to panick and sell off your coins instead take this dip as an opportunity to HODL more coins by buying from scared HODLERS (be a smart trader lol I mean be a SMART HODLER Grin Grin) .
 I Suggest you sit back and watch the dip fade off.


DON'T FORGET TO KEEP YOUR KEYS SAFE   Cheesy Cheesy
I never get scared about the recent market drop, from my experience during the past pre-bull market and before the US election, the price wont go past $73k and until after the rate cut and the US presidential election.

 From my analysis I already saw this happening way back as of June when I told my friend that Bitcoin was going to drop to $48k level but rather we saw the 59k happened and the price went back up, but I wasn't totally convinced when I saw a liquidity that price left at $48k way back weeks after Bitcoin ETFs approval and finally it happened this week, thereby taking more one month for this price drop to happened, but what I learned from the market is that price tends to do what it wants to do on it own way and in its own tome.