What goes up, must come down, that's how you predict a dip.
Never buy at the top, even if it might be tempting.
If you do buy before the dip, relax and take a deep breath.
It's not a loss until you sell for a price lower than you bought at
Price is stabilizing right now which is a sign it will likely continue it's journey upwards in a few days. It found strong support at $45 000 and refused to go below it, some indicators suggest a retest at $42 000, in that case it'll take a month before we see $60 000+ again.
A Ponzi scheme is just one pyramid, not a long line of pyramid's which for each pump and dump keeps getting bigger. This is the typical market pattern you'll see for any deflatory asset. Gold would look the same if people where buying real gold instead of those fake gold certificates pretending to be gold backed.
Its not a loss til you sell
This. Don't play with money you can't afford to lose. But if you can. If you don't sell like previously said, you don't lose.
It's all profit taking. There's way too much Market Cap for anything nefarious to be happening. This has happened before.
I'm not worried..the long term math is fantastic. I'll be buying the dip.
play he long game and buy back in low, it will rebound.
Chill. HODL. It'll be fine. Very realistic to see a $1,000,000 BTC in the next decade.
or $0
Maybe if the federal reserve burns down to the ground, causing hyper deflation on the dollar.
A few important advice's from a long time hodler:
Price is stabilizing right now which is a sign it will likely continue it's journey upwards in a few days. It found strong support at $45 000 and refused to go below it, some indicators suggest a retest at $42 000, in that case it'll take a month before we see $60 000+ again.
First pump and dump, man?
"crypto dip". Hah! I love it. I've been wondering what to call folks who've fallen for the Bitcoin Ponzi scheme and that fits perfectly.
A Ponzi scheme is just one pyramid, not a long line of pyramid's which for each pump and dump keeps getting bigger. This is the typical market pattern you'll see for any deflatory asset. Gold would look the same if people where buying real gold instead of those fake gold certificates pretending to be gold backed.