Quote from: Mia Chloe on August 05, 2024, 07:46:32 AM

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

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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

) .

Well, that was a shocking move from Bitcoin and the majority of the analysts and investors haven't anticipated any such move in their analysis. A lot of new investors panicked and sold their BTC holdings to mitigate their losses, but the experienced investors saw an opportunity to fill their bags with some more coins. Such things are common in stocks and these panic situations provide an excellent opportunity to buy the coins at a much lower rate.

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I Suggest you sit back and watch the dip fade off.

This is the suggestion every investor should follow when it comes to crypto investment. HODL is the ideal choice in this situation. If you wait for a couple of days, things will settle on their own.