Is this the bottom?

[Mayajal]

In 2022, the market is dumping due to the disappearance of various ATH tokens. More altcoins including Luna and FTX were wiped out from the market, causing all markets to fall and Bitcoin price touching $15500. And in the span of just one year from January 2023 to January 2024, the Bitcoin market rebounded again and touched $48,000. So I would like to say that such an upward trend in Bitcoin attracts investors. That's why we consider the Bitcoin market dumping as an investment opportunity because the Bitcoin market is sure to rise.

[MVL~$]

I am sure now this is the Bottom and BTC now gains some power.

Yes your comment is correct. The price of bitcoin was down to gain its strength. By 2024, the current Bitcoin price has crossed $42,000. Which is likely this year to reach $100,000 as a bull market surge. In fact it acts like a godfather in the cryptocurrency world. What are your ideas?

[Sevi]

I think this is not a bottom, but  this is the highest gaining power.

[vegasus]

In 2022, the market is dumping due to the disappearance of various ATH tokens. More altcoins including Luna and FTX were wiped out from the market, causing all markets to fall and Bitcoin price touching $15500. And in the span of just one year from January 2023 to January 2024, the Bitcoin market rebounded again and touched $48,000. So I would like to say that such an upward trend in Bitcoin attracts investors. That's why we consider the Bitcoin market dumping as an investment opportunity because the Bitcoin market is sure to rise.

When compared, the price of Bitcoin in 2022 and now is really very different. Imagine how many investors accumulated in that year, surely their portfolios would have swelled. Well, this is indeed one of the powers of investing or holding Bitcoin. There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations. This will be much better if we still wait until the peak of the bullrun occurs. Because you want to get the highest ATH for high profits too.

[PX-Z]

There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations.

Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
, it's always the fomo who taken the minds of majority, "maybe this might happen or maybe that", people can't avoid those thoughts and the results — always loss, or have a profit but not that much.

[bayu7adi]

There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations.

Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
, it's always the fomo who taken the minds of majority, "maybe this might happen or maybe that", people can't avoid those thoughts and the results — always loss, or have a profit but not that much.

In fact, many people fail to realize that trading is not as easy as imagined... in theory it is just buying at a low price and selling at a high price, or holding to avoid losses, but it turns out that is difficult to do. Many people still suffer losses due to not using careful calculations and are easily influenced by their own emotions.

Their hopes could be crushed, because the buying point they think is low, turns out not to be the real buying point... plus the wrong strategy they implemented makes it even worse.

[Learn Bitcoin]

Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.

It is because people think they will avoid damaging more from where they are. Bitcoin has been declining for the last four days, and we have lost $10K in those four days. Some people started to believe that Bitcoin would continue to dump further due to the war between Iran and Israel. Some wanted to avoid more loss and started selling even though the price had jumped from $73K to $62K.

People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.

[DabsPoorVersion]

[...]
People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.

Making mistake is inevitable
However, compared to those people who have been in the crypto space for quite some time, they know what they need to do compared to those beginners.

Just like in a scenario where the beginners do not know if they will continue to keep their holdings or sell them to have the possibility of buying crypto at a lower value. While experienced crypto investors are either selling early or instead, they keep on adding more to their investment.

Even without knowing the future or the possible price action of the market, they have progress and a plan to be prepared until the next rally.

[UNIVERSE]

People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.

This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.

As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.

[Baofeng]

People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.

This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.

As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.

I agree, the more we involved ourselves in the market, the more we become aware of what is right or wrong. So for us, we don't panic, we validate first what is going out in the market before we make that decision to sell or not.

So not going to be easy even for those experience but at least with our experience, most likely we are not going to panic sell and let everything subside and settle down and it could be a win win if everything turns out that the dip is just the normal volatility that we are seeing in the market.

[Learn Bitcoin]

This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.

As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.

Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.

[Dr.Bitcoin_Strange]

This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.

As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.

Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.

Experience they say is the best teacher and patience they also say is virtue.
When it comes to matters that requires people to learn and utilise the knowledge they've attained in order to avoid future mistakes, it's very important to allow newbies make their own mistakes because every successful trader or hodler also made theirs, so that when you tell them, they'll see things from your perspective. Just as you said, if you tell a newbie to HODL during a DIP because you're pretty sure that Bitcoin would recover and the newbie took your advice and HODLed with hopes that a bull run would magically appear, but the market continues to DIP, he'd blame you and say you've misled him and then possibly sell at a very low price.

But when you allow them make these mistakes, they'd see things in your own perspective when you try to explain how these things work to them and they'd possibly understand because they'll want to avoid the same mistake that led them to incur those losses.

[Learn Bitcoin]

But when you allow them make these mistakes, they'd see things in your own perspective when you try to explain how these things work to them and they'd possibly understand because they'll want to avoid the same mistake that led them to incur those losses.

This is another reason why we write a favorite line, which is "This is not financial advise, and do your own research". But sometimes you have your closest friends who are going to make these newbie mistakes, you may still want to guide them even though you don't usually give financial advice.

I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.

I should practice this as well. But most of the time, I end up giving suggestions to my friends.

[taufik123]

-snip-
I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.

I should practice this as well. But most of the time, I end up giving suggestions to my friends.

Selling or not actually depends on whether it includes the target you want to achieve or is still far enough.
Listening to advice from others should also consider whether you are able to withstand longer and are able to deal with declines that may occur outside the plan.

You need to have some spare money when all those hike plans fail and prices turn out to be more frivolous.
Give advice to others or vice versa, it is necessary to think about and do not take action based only on your logic without doing analysis.

[Gladitorcomeback]

I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.

I should practice this as well. But most of the time, I end up giving suggestions to my friends.

It wouldn't have been a bad decision if you had sold at $70k and then had bought again when it went to $60k, this way, you could earn more profit with your Bitcoin because you would take profit on the ones that you bought earlier, and then buy again when the price goes a bit down and then keep holding them until the bull run does what it does and then you take profit again from when you bought the second time.

People often get such opportunities but they can't make up their minds obviously because the market is unpredictable, if you sell at $70k and then it goes up instead of going down, you will regret your decision badly. So it's hard to make such decisions, to be honest.