When things drop like this it takes 12 - 24hrs till it fully drops. How far? No one really knows? Last big dip was 2750ish to 1800 and it bounced back after a 1.5 weeks and now it is dipping again. This is good news because at least the market did not crash and burn. First time I fucking panic and could not stop looking at my screen this time.. I have a fucking plan. I hope this helps. The good thing it is recovering but now as we fall what do we do? I could be 100% wrong and this is just a small correction. But we do have a lot of dumb money and emotional money. So we will see
What I did was create a "OH SHIT" plan everything is dropping:
> Once I saw it bitcoin curving down I knew I had to be ready to sell but was it real or not. Once there was big drop there is always a bounce. I waited for the bounce after the big big fall.
>I sold my shit altcoins and my bitcoins where I thought it was at a peek high after the dip. So think.. one big bounce down and one back up. Now I have cash on me.
> My guess it is going to hit "light chance" (2150 - 2200usd) "medium chance" (2300 - 2500usd) but this could take a day or even 12 hours for this to happen. So buy in little by little during those dips.
> remember sell high buy low
> I did not sell my long term holds alt coins. I may not get those prices every again. I just sold my short and shit alt coins.
> It is normal to see a 25%-50% dip in everything this is normal it will bounce back dont even stress.
Did we crash? No. We did not crash. This is just a correction. A crash... it is like a really bad break up. You know when it happens. We are just in a bad argument at this moment. So lets win this argument :)
I hope I helped some of you. I know this is crazy stressful at times. Zoomout and look at it as a whole. Is it going up or down? Look at the news. Take it in as a whole before you start dumping your emotions. Part of the game is waiting. So BE PATIENT.
Another thing I notice is that people are taking their money and sticking inside other stable coins. XRP has been stable for some time and ETH is stable as well. It is not swinging up and down
yet.
So if bitcoin keeps dropping we start to see those dips in other markets. It is JUST starting but has not fully hit stronger stable coins.
tldr: you can also put your bitcoin in ETH or XRP because they are stable for now.