Quote from: Dunamisx on Today at 03:44:23 PM

Quote from: Out of mind on Today at 02:37:21 AM

For almost a week now, we have been seeing the Bitcoin market moving downwards, and it is still in a downward trend. I thought maybe Bitcoin would touch $130k this month, but given the current market conditions it is not possible this month. Although in August when Bitcoin price was able to create a new ATH, the market touched $124k+ which is the highest in history.
I can see that the market went to this position a week ago, but since the new ATH was created, the Bitcoin market has been continuously decreasing. There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.
Do you think the market will be dumping for a long time, or the market has fallen for military time?

Big fall indeed, this is not in any way the first of its kind, by now we should have get used to it, except for those that are newbies and don't know how the market can suddenly behave in this manner.

Whenever the market plummet in this manner, then you see the way FOMO fills everywhere on the internet about cryptocurrency and you begin to hear many speculations about bitcoin, which some could be true and some could be misleading, also, times like this is what some use to attack the market and discourage others about bitcoin, we have to be careful.

Absolutely not the first time we see a pull back like this and certainly wont be
the last either. This is a traders dream I imagine - especially for experienced
ones who would have seen this coming.

This is also potentially a "Buy the Dip" opportunity, so its not all negative.

Its funny too how quick we get used to the market price, go back a few months
and we were anticipating the market moving to $100k, now we are used to ~$118k!