Bitcoin Forum

Just kidding. At under 10k, it's a steal!

We might have another wave of panic-selling, according to the TA, which would bring us to $9k or lower, and then we'll follow up with a recovery to 5-digits again, and take off after that.

TA shows this is a very healthy consolidation, and that we will never be sub 10k again.. at least not for a long time after this.

Mark my words... a few more days, with possibly one or more waves of panic-sells, but then we will go back up!

HODL on.

No reason to panic. Panic is for the weak. Go watch a movie or something and don't worry about anything. In a couple of weeks we'll be back in the 14-15k range or higher.

you are right except for the part about the recovery

f you stay here you will be fucked to death, and nobody here will care, much of BITCOIN is just about people stealing from the weak, like this HODL bullshit, where your supposed to hold on to a rock while it sinks,

R these PUMPERS going to be there for you when your broke? Hell no,

Most of the pumpers on this forum are bots, and they're ran by the exchanges to get the idiots to keep day trading


ALL EXCHANGES = WE'RE CLOSING OUR EXCHANGES BECAUSE WE'RE GETTING TOO MANY NEW USERS!!! NICE SCAM SCHEME

HHAHAHAHAHAHAHAHAHAHAHAHAHAH

Lol you almost got me with that title.

Anyway, still wondering if wouldn't be good to sell just 20% of my btc to buy back at the bottom. But I have the feeling that I'm cursed with every move I do so... pursuing the hodling.

Your rhetoric is eerily similar to that of the leader of the cult Heaven's Gate, who back in the 90s had a bunch of nitwits convinced that there was a spaceship behind the sun and all the cult's members had to do was commit suicide in order to get there. And while I highly doubt that you have the same persuation skills, you definitely have the same insanity skills. NOONE knows what will happen next.

I mean, did you know that whenever someone says "x" it is really interpreted as "I think x".

I don't think people on these boards are stupid. In fact, crypto investors are some of the smartest people out there, because they are not sheep.

My strategy is that, if I make profits, I always take a cut of those profits (whether by day-trading or appreciation) and put it into fiat. It's usually less than 50% of appreciation.

To maintain the number of coins I have, I do occasional day-trading.

It's OK to take some profits, but so many people are panic-selling. We may see a little bit more of this over the next few days, but after that the recovery should happen, in my opinion, based on my personal TA, and historical trends.

Dude you should stop, you'll get banned or something



Of course nobody knows. But it seems like we're approaching the bottom, or we will have a new low peak.
The second possibility seems unlikely to me, given the huge 24h volume there was. Smart people bought at sub 10k$ and now they'll wait for profit.

TA depends on the reader I suppose. Real Crypto on youtube, who predicted the first crash last month fairly accurately, has provided a pretty good charts based case that we're entering a bear market for a while before things will go up again. Who knows though, no one can guarantee anything. We can only speculate.

I never invested anything. Technically I'm in 100% profit. I hate to give myself "objectives" in crypto (like "sell when you have XXXX€", "sell when the price is falling so you save at least XXXX€"...) so I don't really know when and what to sell. First world problem  ;D

But, I feel he is very right in every part except the subject of this topic. Recovery is inevitable but we cannot be sure when it will take place. I am somewhat confident before end of this month we can see bitcoin prices to start flying again toward 30k dollars as I am believing 100k dollars as year end target price levels.

Having more patience and waiting for bitcoins to bounce must be a right options in front of all the bitcoiners. But I am not seeing this action with most of them as market still face huge selling pressures.

My profits are up pretty high, and we will have to see a *real* crash like what we saw in 2013 for me to go red.

But day-trading on crypto is so good for passive profits... and I was talking in that context...

Like, if PRL is trading on Cryptopia (low volume) for 15% higher than on KuCoin (high volume), I can sell some on Cryptopia, and I know I can get more PRLs with arbitrage.

And then, if PRL goes up in value, I can sell some PRL to recoup, and still end up having more PRLs that before.


Everything relating to crypto virtually is a 1st-world problem. Unless you live in Venezuela and it's your last hope.

No one has though that if BTC is going down and people can sell their #BTC is because there are people buying those $BTC at that low price... You must ask yourself...why are people buying my panic sell if BTC is going to die?...because they are cleverest than you...

If a person knows how to deal on the situation like this, then surely they have some sort of analyzation on what will be their next move.

Technical analysis is just a reference but overall, a one quick sudden event that may trigger massive pump or dump will spoiled all the technical analysis even how professional and backed up it was. So in here we can conclude that it's really reasonable to continue holding those coins that are fit for long term holding even it's already showing a negative profit on our side.

Id rather sell early when the price is on massive pump rather than sell it when in the middle of bloodbath. Let's see what will happened next.

I think this is due to angry whales so eating small fish like us,how could the BTC price go down so fast and ALTcoin did not do strong defenses so they also went down very badly.This was due to the bad issues that often happened earlier in the year and also I think BTC will be further down 7K$.

All of us here are only giving their prediction about what will happen in the crypto in the incoming couple of days, iam happybto read that some users are continuous believing that they will recover after the hard dump happens, but still there are users hating bitcoin but why they are here? I thubk they are only bitcoin earners and not an investor that is why it is easy to them bashing bitcoin.

For me i would continue to support bitcoin and the value still huge for me since i started here in crypto currency world.

Right now, in Coinbase it is trading at around $10,200 per coin. The demand looks quite weak, as there is an oversupply of coins especially in the South Korean market. There is still a premium of around 20% in the Korean exchanges such as Bithumb and Upbit, but the order books are full of sell orders. And for the first time, the first two exchanges with the highest Bitcoin volumes are from outside Korea.

I really thought that you have dump everything at this current price. This is a steal to buy and create a "nest-egg" for us today and hatch it in later years.

The price touched $9K but not lower, I see that it move to $10K but the resistance is not that strong. Maybe we are going to see it going down to $9K again. We will see how it goes.

I agree with you, next couple of days will be critical, as more waves of panic seller gone, we will see a lot of new faces and old flocking to the ecosystem and buying back bitcoin. And as a result pushing the price to 5 digits once more. This set back is just temporary. So it's really good not to panic and just hodl on our coins.

It is ideally the best time for people to enter who where looking to buy should be buying now. You would be minting money in just couple of months by investing now. This dip phase will be over soon and then the bull run will starts which will help you to make the money.

Why panic, I'm sure that the price will again be good, you just have to wait out this period and bitcoin will return to its place

Yeah, that's why I didn't sell them. This crash was too FUD-focused, and the wall streeters were shorting.

So there was no reason for the price to go so low, AKA FUD-focused.

Hodl it is the best thing to do, Panic can’t help us now. Just relax and wait for the big bounce back of bitcoin price because for sure it will come. We know bitcoin is normally has its dropped-downs and bounced backs that is already proven from the beginning of its existence.

It's great.

For those who already experience the corrections of bitcoin in the past at least didn't panic but for those who are pretty new in the crypto scene would be in panic mode because maybe they bought bitcoin when it is near all time high or even got in when it is all time high so it is devastating in their part. They can relax if it is money that they can afford to lose but if not then then that would be bad news. It would be better if you always have a fiat available in case something like this happens so that you can buy more and in effect you can average down.

It's happening the prices are rising again i feel i should just quit my job and start trading , i mean if i put $4k yesterday i would literally have $8k now. Btc can change many people's life even know through trading , i was against the idea of making a living from trading but instances like these makes me feel that a person can easily live atleast for 6 months assuming he actually makes profit and doesn't end up gambling his profit.

I'm relieved, when I read the title of the thread I thought another person that is going to regret selling his bitcoin for a bad price but after reading the OP you made the right decision, right now the right call is to hold and if you can afford it then buy even more bitcoin, for some newbies it may be difficult to hold with these losses but once you get used to it then you do not think too much about the price volatility.

I can not understand why everybody is selling right now, THIS IS JUST A PERFECT TIME TO BUY.

I have already bought 1 bitcoin today, and i am buying a bunch of altcoins at this moment, everything is extremely cheap and this really makes me happy.

Almost right. This is the once in a lifetime opportunity to buy bitcoin, or else in a month bitcoin will shoot up to $20000. Better hold your coins if you have or buy bitcoins if you have sufficient money. Never expect this price in bitcoin further.

I think we should wait until we figure out what happened with all this crash. If you already panicked don't regret it if bitcoin price bounce back again to next highest price in history.

As long as what you did was according to your plan and not because of panic, then it's fine.. You also need to plan a good entry again.

 ;D You almost got me there mate and I was really ready to tongue lash you for doing such until I read your post. However, I would not be surprised some people actually did this which to me is one of the craziest thing to do. Anyone who could not sell at the top and buy back from dip should not even bother at all selling at dips. Market is going to be gaining momentum anytime from now, so better to brace up.

Haha you were just kidding , at first i thought you are serious. Anyway i think we should stop panic sell , and give some time to get stable.

Bitcoin has been up and down the price, so we should hold for it will recover. Yes even if others says a crash happened and many got panic, in this situation the good thing to do is to hold. Yes when you check the charts bitcoin is always go back to rise so I hold for now.

You got me there I thought you really sold all your bitcoins. But you're right not that a steal but it's a win if you have bought it under $10k and much better if you got some at $9,000. I'm counting on you and good thing that we are many here who are discussing positively with this correction. I also saw the same thing few years ago so I didn't panic at all. I regret before when I panic after I sold all my bitcoins before it pumped more than x4.

So you think the price is going to triple in 13 days? Why on earth would you think that? Especially given the very real fundamental problems with bitcoin's transaction times and fees, the competition from superior alt coins, and the crack downs by governments? Seems to me like it is very unlikely to recover any time soon, until these problems are solved (if they ever are).

That has happened, briefly last night, I missed it! I bought quite a bit of one very special alt coin I don't wish to mention (haha) but will share later once the jinx period's gone. Wish I could have been awake when BTC went down below 10k, since I saw all alts also fell to very low floors. Nevertheless, still happy I made that buy, and very happy for the opportunity provided by this correction.

Definitely still a few more dips to eat into, so maybe I'll run out of BTC to buy into alts.

The answer to this is relatively simple, most of the people selling right now were never convinced about bitcoin and were looking to make some quick money, when they realized they could not do that they sold for a loss, this is why they are called weak hands and the more popular bitcoin becomes the more weak hands we are going to have and that will make bitcoin even more volatile.

Dont listen to this Troll.
He sold all his Bitcoins before the rise to $20000 last year. He sold at $1500 and is really butthirt now.
Just a FUDster, put him on ignore!

You should never sell, and less at this price. I am glad that you didn't do that, otherwise you could be fucked.

The price will go up, you do not need to worry about that.. And yes, the incredible amount of sellers in here is incredible.