At least no one is saying to buy the dip... Not sure if that is good or bad though.
They are not?
You believe that we are in a falling knife situation?
There are probably several of us who participate in this thread who have engaged in plenty of attempts to catch the falling knife that don't seem to work very well in the short-run, but in the longer run, they have tended to pay off.
Even if we go down from here, as I type, we are still more than 18x up from our largely $250 price floating point from 2015.
Even if the value of the BTC portfolio of many of us is likely less than 18x up, we are still in a not too bad place.
I am still buying the dip... but I am starting to feel a little bit like how I felt in September 2017... remember when the BTC price dropped below $3k, and such price drop seemed to have gone below $3k quite rapidly and beyond expectations.
Gosh, gosh, gosh. $3k possible again, or would a drop below $5k cause a similar feeling as the drop in september 2017?
Yes, the september 2017 dump was UGLY.
Unfortunately I already got my hands badly cut from the falling knifes. And not much remaining (trading) FIAT anyways.
I am tempted to set some limit orders for all the remaining or even market buy and forget about Bitcoin for a long while as I did during most of 2014 and 2015. It paid off to be honest.
What can I say, your methodical plan of selling on the way up has proven much more effective than mine. I messed all up when I kept reducing the amount of trading until a point where I was trading with less than 5-10% of my total "cold" stash. My trades were not bad overall but what difference did I expect to make with that little proportion?