Just saw Bitcoin dip below $73k, guess the FUD is about to ramp up. Honestly, I can’t blame retail traders for panicking, but we here have got the fortitude, right? Not too bothered by all this. I don't think this news is anything new, but I expect the conspiracy crowd to get louder now.
Bitcoin Takes a Hit What Now?
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mike.degenMember
Posts: 128 · Reputation: 228
#2Jan 6, 2017, 09:28 PM
Right? The bears are probably licking their chops, ready to spread more FUD. And yeah, this latest US strike in Iran is definitely making it worse. But honestly, I think most of us are kinda over this FUD. If you’re in it for the long haul, this won’t mess with us too much.
shard_2013Full Member
Posts: 634 · Reputation: 287
#3Jan 7, 2017, 12:32 AM
I mentioned earlier that Bitcoin might drop below last May's levels and bounce back quickly, but some say it could hit $72k. I’ve been looking at daily candles and predicting we might struggle to hit $78k this month. That triple top is looking like trouble, man.
Totally expected this dip. Retail traders are wise to be cautious, but long-term holders just shrug it off. This market was due for a correction after that bullish run. Gaps need filling, right?
Man, these headlines are hitting hard. Bitcoin fell to $72.7k today, mostly due to the attacks. If the US doesn't retaliate, maybe we’ll see things bounce back over $80k again. Just last month, Bitcoin was soaring above $82k. Now, it’s a different story.
Honestly, being in this forum helps. There’s way more positivity about BTC compared to negativity. For long-term investors, drops like this are just buying opportunities. The fear fades with time, and holding through the storm is key.
I thought if Iran could keep the peace, we’d see Bitcoin stay around $75k, maybe even bounce back to $82k. But the tensions keep escalating. This is just how bear markets are, you know? Unexpected drops are part of the game.
5at0shi_ninjaNewbie
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#8Jan 10, 2017, 12:06 AM
It’s normal to see FUD after dips. Bitcoin's been through worse and bounced back. Retail traders might panic, but for those looking long-term, these dips are just temporary blips. Adoption keeps growing, so I’m not worried.
I see this as a golden chance to buy more BTC! Folks who panic now will miss out big time. Everyone was hoping for that rise to $100k this month before selling. But with the Iran situation, we’re seeing the opposite.
There’s buzz that the ceasefire could end soon, but I’m skeptical. Politically, this conflict is complicated, and it definitely impacts the crypto market like any other. Don't hold your breath for a swift BTC rally now.
raven_2020Member
Posts: 225 · Reputation: 61
#11Jan 11, 2017, 01:24 PM
Totally feel you on that. I’m not buying the recent hype either. We’re still in a bear market, and I’ve been saying that for months. The Middle East conflict is inflating the market artificially. Eventually, reality will set in.
I’m not suggesting Bitcoin will thrive in 2026, given the bear market. I didn't expect the Iranian conflict to drag on this long either, but nothing seems to align for a ceasefire.
lynx_5hardMember
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#13Jan 12, 2017, 05:57 AM
This FUD wave? We just gotta ride it out. Investors need to stick to their beliefs about Bitcoin's future. It’ll pass, and those who panic will regret it. Like, it always comes back, right?
Whoever spreads this FUD needs to chill. Even if BTC dips to $65k, it’s more buying opportunities for savvy investors. Just gotta play the long game and accumulate when prices drop.
Not too long ago, we were at $65k and $73k doesn’t feel like a big drop. It’s just a side effect of the market’s natural ebb and flow. FUD? Meh, just part of the game.
nonce_2018Member
Posts: 142 · Reputation: 110
#16Jan 12, 2017, 02:45 PM
You’re spot on, FUD will always be there. We might see Bitcoin drop below $70k, but it’s not the end. Just need to focus on long-term strategies to weather these fluctuations.
Oh joy, here comes the media proclaiming Bitcoin is dead again. Can’t blame traders for freaking out, but we’re tougher here, right? Bear markets are just a phase in this crazy ride.
Technical analysis shows we might see a bounce back soon. Doji candle on the chart could mean a reversal is coming. Plus, oil prices are baked into BTC lately, so sideways movement might just be our reality.
So are we seeing a glimmer of hope in the market? Investors are waiting for a bullish signal. If leaders can keep the peace, that might push BTC up, but we all know how volatile this can be.
real_protoNewbie
Posts: 200 · Reputation: 14
#20Jan 15, 2017, 07:24 PM
Big respect to you all with that ‘balls of steel’ mentality. But for the rest of us, we gotta be smart. Just last month hit $80k and now we’re back in the trenches. Today’s close looks rough, but I'm not in a rush to jump in without a plan.