How long it takes for Bitcoin to reach the desirable price you have in mind is how long you will wait. Nobody can predict correctly, unless they are guessing, for us to see Bitcoin reach another new ATH. We are only relying on 4 years circle(2 years bull run and 2 years bearish market) to make our speculation about the Bitcoin price.

If he hodl $1m and panic sell, I'm not sure if it's going to be affect the market. There is no reason to sell or worry, I feel the worst of the bear market has walk pass us, I don't want to think that August is a good month for Bitcoin price performance, this is good recovery plus the macro economy is doing well. Trump already announced that we Xinpin will visit US this month where a lot of things are going to be discussed, this should impact the price probably to $90k.


I think everyone loves the market volatile when the price is doing well, but they forget that for every action in the market, there will come a time for the equal or more than opposite reaction. The dump happenend be there was a bad news and no matter what, some macro economy are too strong, even the market can't contained it which is why it does dump sometime.

No one knows how long Bitcoin prices will stay like this. But the decision to hold or not is up to you, if you can still hold, then you can keep doing that, but if not, you can sell, although I think that's not very wise, because Bitcoin's price will eventually recover and if someone sells at a position, they might miss the chance to make a profit. But, I think it's better to accumulate than to keep questioning about the price.

Nobody will be able to predict what will happen in the market because candles can change direction in a matter of seconds, and I am expecting things to happen very soon because bull runs always happen when no one anticipates them. Therefore, it would be better for us to just be patient before deciding that we want to invest in Bitcoin because that is one of the mistakes that many people are making, so we just need to be very patient in order for us to be able to make a profit.

We are well aware that impatient people are the best at selling, especially when the market is not on their side. The best course of action is to simply follow the market gradually while you are holding. It's true that being patient is difficult; all we need to do is be more composed.

For as long as it'll take, the goal wasn't to come this far and then back down when the storms comes. Before deciding to hodl you should've prepare yourself for scenario like this as this is common in the space also some little research should've let you on this. I was even expecting more dips than this but glad still some recovery has happend although I don't know if the fall is over but irrespective of what happens, you should always be prepared to hodl for as long as it'll take. You aren't losing any BTC when you hodl so why then are you sacred when you should already know that this too shall pass. Probably you didn't invest with caution (disposable amount) that's why you're worried because if the capital in Bitcoin isn't one that was allocated specifically for this then why get worked up about the market or is it your first time? If it's then welcome and expect scenario like this often but don't sell, Hodl.

People still hold because their goals are actually long term, most traders must have sold a long time ago to buy again.
Well, With the current state of the market, I could say that we may have seen they low of this Bear market, the bullish aggression after a significant liquidity sweep shows quite a good sign that it's ready for a rally,

At the time I make this post it's at 82k and getting ready to take out a significant lower high, all this put together made my suspicion of the  end of the present bear market,
At the end of the day we can't control it and I will advise to keep targets long term

In fact, during the period that Bitcoin price is dropping, investors are now looking for more money to accumulate more Bitcoin because they know it is a big opportunity. When this period is over, what we will likely experience next is a bull run, where the price of Bitcoin and other coins continues increasing and probably sets another all time high.So, for an investor, it is a period to seize the opportunity and increase their portfolio. The only people I may say panic during this period are newbies who are less experienced in the market. But still, it is all a lack of knowledge that usually leads to panic because, if there is knowledge and someone has built confidence in it and is really following the right steps, they will hardly panic during this period.

What really causes panic is when someone invests money outside of their discretionary funds because they already have plans for those funds in the near future. But when it is the right funds that someone invested the money discretionary funds they will hardly bother when the price is dropping because they know that the price of Bitcoin will eventually recover and they don't really need the money at that period of time.

Peoples those are doing buying or holding with their strategy they never feel panic about price because they always keep their weapons ready for taking advantage of this opportunity they understand its golden chance and they never want to lost. Long term accumulation users are also having their own strategy because they are doing all with their limited sources and also understand how they have to keep in market accumulation, which always works because now it's best to have as much as anyone can afford. The market is always unpredictable, but everyone wants to take advantage.

When the market movement start swinging from right to left in the negative way you'd feel like everything you labored for is coming to an end, I get all you said and you said it perfectly well, this should be an encouragement to some of us who are not sure on the next decision to take, is not as easy while saying it but that is how it's suppose to be without asking some questions. Some of the members on the Forum are still holding for up to 5 years plus, I believe you're among those sets of persons and giving this words to we that are not too strong in holding like staying out when the market is dropping it will help us a lot.