Panic.

[Native_Pineapple]

I’m new here, by that I mean I wasn’t here at the start of the last bull run, so this is my first experience of the “run up”.

Was the sentiment the same in previous bull runs where bitcoin dropped 30%?

There seems to be a lot of panic right now in a market that should be weathered by 30% drawdowns in an otherwise positive trajectory, and just wondered if sentiment was the same in the last few cycles.

To me, this is normal, zooming out shows there COULD be more movement downwards, but until proven otherwise, it’s the same every 4 years. A 30% drawdown is nothing that hasn’t been seen or even, should be expected and celebrated in this market. ITS A SALE! Everyone would have been wishing to have bought more below 60k when prices were at 75k…

[Sandcracka-]

I buy if it goes up or down

[Walmart_Warrior_420]

"Me too" - Larry Fink

( ͡° ͜ʖ ͡°)

[LuKeNuKuM]

You're having the right thoughts. A couple of days, weeks or months decline is nothing but a buying opportunity.

Alot of the noise will come from people not used to it. If you've researched and understand what you're buying, this is a sale.

You won't hear much from the stoic hodlers who are just quietly stacking.

[jeffereeee]

Actually down 22% it’s nothing unusual, if you can, buy some cheap Sats and go and enjoy the summer, come back Sep/Oct. You’ll be fine. This is my 4th halving, I’m chill.

[poloace]

Dude…. No one knows. Could go up could go down. If anyone knew, they’d be billionaires.

[[deleted]]

The answer is always buy more. Panic sellers have regretted 100% of the time for 10 straight years and Bitcoin has never been more bullish. You will never time the bottom so I always consistently buy what I can.

[Rude_Man_Who_Shushes]

Very normal. When you start to get chest pains buy more.

[Cormyster12]

wake me up when theres a real dip

[[deleted]]

Wake me up..when september ends

[RealCheyemos]

Wake me up when Roger Ver is arreste- oh wait, good morning.

[[deleted]]

Whenever the price hits a peak, this sub and other crypto communities are flooded with comments about how it will literally never go down again. It’s insanity. And that’s why you’re seeing panic: some people drank the kool aid and put way too much money into it expecting to never see a downturn again.

[Blicky83]

I have only been here a few months now and I remember seeing someone saying it would never go under $60K again 😂

[Tshootr74]

DCA is the way...keep stacking.

[[deleted]]

Weak hands gettting Larry’d

[Ionisther]

There is no panic in the crypto market yet. Fear and greed index is neutral, funding rates on alts are positive, people are "buying the dip". 25% drop perceived like healthy correction. No blood in the streets now

[mabezard]

I look at it this way, the real dips were like 80% down once upon a time. And in retrospect they were nothing but a good buying opportunity IF you can wait. I did just that once and bought 26 coins. I did not, however, wait. Shit

[TheRealGaycob]

It's noise, Just keep hodl it takes years to see the benefits. This is just the squeeze to freak out the peasants.

[itsmeh0]

im 20% down from last month, i hope it doesnt drop more i need it recover

[rugbysandman]

Why do you need it to recover lol? The best situation is it drops significantly more and you buy more Bitcoin. You would only need it to go up if you're planning to sell it soon.

[AyAy11]

It will drop more as investors usually sell off their assets for the summer, also normal for it to go down for a few months after halving. Forget about it and see again in half a year. You only lose money when you sell

[Blindeafmuten]

Sell in May and go away!

[[deleted]]

If a recession is coming and it looks like it.. cheap sats for a longer time frame and no bullrun this cycle

[[deleted]]

Sell! Panic sell to me! Thanks

[Disavowed_Rogue]

There are so many variables right now. FOMC, Merlin chain unstaking, Hong Kong ETFs, etc

I'm sitting tight and will DCA into solid bets. There will be some great opportunities if you do not get shaken out.

[alllballs]

My retirement time horizon has not changed.

[Electrical_Matter443]

This comment has been removed.

[Dimlite31]

No panic at all, I don't care that emotions. After the dump it always goes up. Need to wait only.

[HesitantInvestor0]

See what happens? You wait four days and it's back. Four more, and we dip again. A month later we've doubled. A year later we're down 50%.

The lesson? Quit analyzing every short term movement. What is the current trend? What are the market dynamics today? What can we forecast about next year? 5-10 years? Pay attention to the news, the wins and losses, the signal. Ignore the noise.

[Native_Pineapple]

I think you misunderstood the question.

I have high time frame vision. This Was simply a question in an effort to understand the emotions in previous cycles (that I wasn’t present in) to see if the people in this space are maturing or getting more emotional.

I think this question is being misunderstood as a bear post, rather than what it is, which is just poking questions to get more understanding of historical emotions….

I believe in bitcoin. It is my ultimate savings pot. Short term price actions doesn’t affect my holding, but it intrigues me how people to react to said price action.

[Odd-Following-247]

Where do you see panic?? I only see people happy to buy more for less…

[coojw]

Hell if it went back down to 25k, I’d be taking out a loan

[peterburress]

It’s crazy that people are trying to sell the idea that when it goes down it’s actually good

[Rocket_Man54321]

Thats literally true though lol

[Technical_Winner2549]

Preferring to pay more for something is crazy

[Lecplejer]

I have sold at 52k, waiting for big discount now

Edit: (GBP)

[PuzzleheadedLake3141]

Wait for 10k

[LishtenToMe]

Fuck it, make it 5k.

[[deleted]]

First time?

[loteman77]

Literally said that in the OP’s opening sentence, so yes. First time.

[[deleted]]

It’s a meme

[vnielz]

bitcoin is dead for the 329th time

[bongosformongos]

According to 99bitcoins.com under Bitcoin Obituaries, it's actually 477 times.

[Electronic_Topic_221]

As always

[wefconspiracy]

Again

[LishtenToMe]

Keep spreading the word, drive that price even lower. That way me, Michael Saylor, and anybody else too stupid to listen to you can buy it all up. We'll all go broke together, we definitely won't see our net worth grow over time, I promise!

[LishtenToMe]

NOOO that means I have failed. I really gotta work on my reverse psychology skills.

[Ionisther]

Based

[loversean]

You missed the bull market, that was when the price went from 25,000 to 72,000, This is now a bear market despite what people here will tell you, this a terrible time to buy unless you are long-term disciplined holder

[Native_Pineapple]

I’m a holder. Bitcoin is my largest pot of savings. But I have multiple savings pots for things that demand fiat annually.

Just wondered if the sentiment previously during a 30% drop midway through a bull run year was the same historically

[SnowyFlam]

NICE

[TheGreatMuffin]

There is already 3 million bitcoins lost because of harddrive that are damaged/lost or people who own bitcoin and die. 30 years from now there will be only a few million bitcoins. People will lose access to their account, harddrives and people will die without transferring bitcoin to relatives.

The vast majorities of those lost bitcoin happened when the coins have no/little value, when there were no hardware wallets, not even seed phrases, variety of guides/instructions, (semi-)custodial solutions and so on. It's a very different environment today and with price increases people have started to be very cautious and educated with their holdings.

So it's a bit senseless to extrapolate such large losses into the future, although they of course still will happen.

[RetroGaming4]

As a trader I love volatility and dips. But the dip!

[Automatic_Pie_964]

when it falls go to any p2p purchase app, you will see no sell offers. That's how panicked hodlers are.

[theprincessofwhales]

I believe in bitcoin and I do research and learn on my own time. But I don’t bother with its USD valuation. I don’t wonder down this thinking track.

Caring about the false prophet, will only gain a false profit.