Bitcoin Dump

[Stompix]

Falling below $50k or further is a good opportunity to start holding it.
Some people think this is garbage disposal, but there will be more whales that will hold the garbage so whales will have a lot of advantages.

Rember 2021?
50k is a good re-entry point! 40k, yupie, cheap coins! 30k, this has to be low, catch it! 20k! Are the jobs at McDonalds? 

Is it really possible for bitcoin price to go below $50k at this moment?

EVERYTHING is possible!
40k by Friday or 100k by next Saturday would be the same for me in terms of the unexpected!

[Gurujebs]

I think it won't dump much more since it is now 57k from 54k a few days ago. I think this won't last very long once all the people who are affected in mt. Gox are paid. Well, if the price decreased again then I think it is an opportunity to buy more at a lower price before it will increase again. Who knows, it could be short time only for the price in that state before it will increase to 60k.

When Bitcoin are too much in some group of people, the market becomes uncertain. The price you are calling will turn to resistance the moment distribution of MT.gox exchange Bitcoin begin to circulate the market, Bitcoin can even go as low as $40k levels as many of those people has been made thousands and millions of profits, they will sell their coins.

There is also speculation of double top, if that is comfirm on the monthly range, this range is going to be long as we will be on this band for long time. Maybe it's time to refill the bags and get ready again next year.

[Faisal2202]

It doesn't mean anything.

A few months ago, everyone was happy that the price reached 54K. So what is all this FUD about the price I'm hearing about these days? All assets go up and down, that's their nature.

Haha nice way of seeing things you talk like that octagarian who knows all the secrets of the world and is just waiting for his time haha. Like you already knew it will happen and so calm that you don't give any shit about it. Either you acted before to minimize your lose or you are playing the big game here. New people are adopting BTC and many bought BTC high and now its dumping making them panic.

Even some might have exited the market already. Some experts used to say, these types of behavior from market is nothing but testing the real players who know what potential it have and to eliminate all those who came with lesser knowledge.

[Hamza2424]

EVERYTHING is possible!
40k by Friday or 100k by next Saturday would be the same for me in terms of the unexpected!

Here this market is different compared to the Stocks, if this market is under pressure from 2 to  3 months and continuously in a downtrend, the entire situation could change in just a week or 2 because pumps are more aggressive compared to the dumps.

It's all about testing the weak hands and the strong ones, in my view most of the people are already filtered out.

[NikeFit_7777]

German Bundestag member Joanna Kotar criticized the government's decision to sell bitcoins and called for refraining from their hasty sale.

Instead, Kotar urged to consider diversifying government assets, reducing the risk associated with traditional investments. In addition to storing bitcoins on Germany's balance sheet, Kotar also suggested issuing bitcoin bonds and creating a favorable regulatory environment.

Meanwhile, Arkham is recording new movements of the first cryptocurrency from government wallets.

[SmartGold01]

This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.

This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.

[Baofeng]

This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.

This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.

Yeah, it's really very volatile and we really doesn't know where the price will go at the end of the day or the next 4 hours or so. I don't know but I can't recall if people are really this glued to the price before, maybe they did or maybe I really don't care that much, Lol.

And so with that, we are still a long way to go before we hit $100k or seeing another $50k dump because of the Mt. Gox movement or perhaps this is just want others wanted to create, a FUD to pull the price in the last day or so to $66k, after hitting as high as $68,500.

[Agbe]

This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.

This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.

That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit  $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.

[Roseline492]

That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit  $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.

I like your perception and determination about your Bitcoin investment because is through a case like this most people start packing and considering if they would sell there Bitcoin and take profits or not, though in Bitcoin investment talking about holding is one thing and another thing is having the mindset and determination to withstand the temptation that may possibly showcase on the process.

So actually we know that holding is very difficult and tempting at times but the only way we can truly be sufficient on the profits we would make from Bitcoin is through holding, however is good you were able to accumulate some fraction of Bitcoin before the price become this way because so many people miss out the buying opportunity then because of waiting for more dip.

[Fivestar4everMVP]

This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.

This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.

That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit  $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.

Yeah, knowing when to buy and when to sell is very important specially for those who are into short term investment.
And from my personal experience as well, bitcoin is very good for short term investment since it is still one of the highest volatile crypto coin in the market, bitcoin can be at $50,000 in the morning and by afternoon or noonday, the price would have jumped to $60, $70k, and this makes bitcoin one of the most profitable crypto asset to invest in.

And talking about the reversal side of it, keeping extra money to buy when the price drops is not enough actually, you have to monitor the market well to know when best to buy, else, you discover that after you have spent all the money buying, the price will continue to deep, and this sometimes can turn what is supposed to be a short term investment into a long one.

[Agbe]

That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit  $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.

I like your perception and determination about your Bitcoin investment because is through a case like this most people start packing and considering if they would sell there Bitcoin and take profits or not, though in Bitcoin investment talking about holding is one thing and another thing is having the mindset and determination to withstand the temptation that may possibly showcase on the process.

So actually we know that holding is very difficult and tempting at times but the only way we can truly be sufficient on the profits we would make from Bitcoin is through holding, however is good you were able to accumulate some fraction of Bitcoin before the price become this way because so many people miss out the buying opportunity then because of waiting for more dip.

Because of that temptation, experts advice us to do extra works or businesses before investing in bitcoin so that the investors can withstand with the pressure which be fall on them to sell the hodling coins prematurely. If anyone wants to invest in bitcoin don't just come because others have told you that bitcoin is good to invest those people didn't tell everything and they only tell you that investing in bitcoin is good. When you follow them and invest then when the temptation comes and you don't have any other funds to settle the pressure then selling them at the premature stage is sure.

[snowpega]

This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.

Hmm, nice piece of advice but besides this, I would like to suggest that one should have his/her goals before entering the market so once he/she achieves his/her goals according to what one has planned before entering the market then take exit from the exit after this don't feel regret if the market goes more higher as it could go down as well. The main thing is that we have achieved what we have planned. The plan of taking entry into the market matters like DCA whatever strategy we all use but the plan of taking exit matters more rather than the plan of entry.

As if we miss any important step of taking an exit then it is so sure we will remain stuck in the market for the more long term and this can be the next bull season till we will be able to recover all of our earned profits. The crypto industry is so unpredictable. Well, I am also a holder and still holding my assets at the current time even though we have seen a panic sell from the German government some days ago.

[bitterguy28]

That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios.

some people hold stablecoins for this very reason

it might be a hassle to still put fiat into an exchange as it might also take a longer time than just holding it as stablecoins instead since in times of extreme volatility, time is incredibly important in just an hour bitcoin can rise up to 1k usd or even more

Last week bitcoin hit  $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term.

bitcoin is going to continue to rise for a long time but in times that it is dumping we shouldn't feel any fud and instead buy more just like you did after you buy then just keep holding it until it dumps again and buy more

[silkytakyaan86]

Yes, looking at the past, BTC had gone down suddenly. But now it has grown. It has reached 65k. But it is not certain when it will go back to 70+.

[Crypto Library]

That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit  $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.

There is a rules for trading and that is "invest as much as you can afford to lose". So investment beyond of the affordable fund that the person afford to lose it will be totally foolish work. I always like to do the long term investment on bitcoin and it is with the dca strategy for risk management. And I think those people who invest without having the fund for  tackling the emergency situation it is all about their stupidity. I have seen many people's who do trading like this and face loss for the emergency situations.