Bitcoin Forum

Hey everyone I know it's hard to actually just sit and wait for the price to go up and when you are at this phase , there is this very difficult decision to make and that is

* Either keep the Currency or encash *

Right now the price sipked suddenly that was a rare case scenario and something that gave us good signals after a pretty long time (2017 ) , unfortunately after the bull run continued for over a week , price suddenly declined.
It reached way closer to 6k $
But now again we are at 7k $ approx .

The reason of price decline is still unclear but it was hinted that in Germany some major people are against this Currency and actually wanted to ban it.
Since Germany is situated in Europe , many European countries might get influenced and think about adding to their decision.
But nothing was decided and Bitcoins somehow attained a stable state of 7k $

Now if you are feeling sad about not encashing there here are some points for you to feel good about :-

   Major companies are hinting a bull run in near future starting from 22 May

  The average price of Bitcoins is still higher than the past one therefore it's amazing how it has gained that much weight after all this , therefore a spike is inevitable.

  Major exchanges are predicting price as high as 20k $ or even higher , I don't believe in such weird had to achieve assumptions but all we can think of is , even if it does 50% of this , it's going to be fine.

Kudos to everyone who is still holding , trust me when it rises up you guys are going to be proud of the fact that you didn't encashed and stayed put.

This is how a trader should be * Patient * .

If you are looking for some informational reason of the price decrease then you shouldn't think about this conspiracy stuff. If that news were strong enough to change the BTC price then you would probably see it on every website.
That seems to be just a correction. We had a good and very fast growth with only several short stopages without any serious changes. So a correction was just a matter of time. But the faster it happens the less painful it will be.

The last dip it's around $3000 and we reach more than $8000, that's gain was 100% if we compare about the price went he down from $20.000 to $3000 that just only -80% capital. If someone invested again at $3000 with the same amount/investment at $20.000 with this current price his money already back again and got some profit of around 20%. This correction was normal, I was really fine with this current price because I don't want the price keeping up without some a good correction. That's was not a good market, a masive pump can bring masive dump remember that.

That will be our mistake if we do not cash out our profit and decide to delay for a while because we want to make a bigger profit.
As long as you can see, you can make a profit, and it is better to sell your coins while you still have a chance to get more bitcoin.
Do not wait for the high price if you don't have any information about when the price will reaching another higher price, and there is no trader will know about that.
I don't regret because I cannot sell at the right time because I have my reason to hold the coins still and besides that, I have a target price to sell, so I am fine to wait for more.

That is just very specific. I want it to happen but I am skeptic about that Major companies are hinting on it. It might just be an elaborate plan to let small fries initiate a bull run and for them to dump on us. Just another bull trap.

the reason is actually pretty clear in my opinion it was a simple correction that was followed by some panic from weaker hands. or in other words the same trend as always whenever we have a rise like this after a long drop.

as we saw, the drop was sharp and unexpected, and more importantly it "bounced back up" instead of slowly recovering which is the clear proof that it was a panic move not an actual sell by traders.

as for selling, i have to say if people haven't made up their mind about their investment in bitcoin and keep panicking at obvious scenarios like this then maybe they should sell and save themselves a lot of sleepless nights.

I believe such decisions should largely depend on the way one treats Bitcoin and one's needs. If a person is focused on short-term profits, it makes sense to sell everything when the price seems high, and then buy Bitcoin again when it drops. If we are talking about long-term holding, though, a person has to be ready to stand by even when things seem pretty bad. This makes sense of one is sure that the money won't be needed in the next year or so, because if the opposite is the case, one would simply not be able to hold BTC throughout the period of will thus lose money (this happened to me in 2018).
You are probably right that this is not the end of the bull run, but depending on the purposes the risks should be evaluated accordingly.

What "major companies" are you talking about?Can you mention a few?
I don't care about what german politicians think about bitcoin.Even if Germany and the EU ban bitcoin,there's is still the rest of the world that embraces btc.
I'm still hodling my bitcoins and no price crash will convince me to sell.

Not all the time the price is in a steady movement upwards there is this case when the price suddenly went down and that is volatility for you But even though the price is in a declining state there is still a chance of coming back up you just have to believe and have faith in what can bitcoin do, And in the past the movement is always like this, Bitcoin is the same back then and right now it is really unpredictable and if you have less patient in waiting then you lose everything.

Well there's two school of thoughts here, it's either you want to profit short term, then you can encash it as long as you are in a positive, or just HODL. But majority of us knows that bitcoin is the best performing assets so it should be look as a long term investment. If you don't have the patience, then crypto is not for you. Maybe you can just go on other business like buy and sell, just saying.

If you have a good amount of capital and you can sustain your needs, then aiming for long term will be fits for you, there's always options to choose whether to go short or keep aiming for higher rewards, crypto business is for those who loves taking the risk and willingly to wait for a big surprise coming from this venue of investment.

I am regretting I was not encashing but it is not matter of these days. I am regretting I've not encashed when Bitcoin falls from 20K to 3K. It is my biggest regret in my life....

Years of experience showed me that, you can't buy at the lowest point and you can't sell at the highest. The best way is to earn while trading is, make a target and sell when you reach that. And never get saddened because it grows after you sell, think about there is a buyer who got it from you and he should earn some profit too.

If you sell anything just don't look back. And if you hold anything don't blame yourself because you didn't sell just set a level which you think it will enough for you, don't be greedy. And eventually, you will earn a good profit.

Yes, prices will not run in just one direction. Up and down is very common but it seems, for the long-term trend, it looks like the signal showed a sign of an increase. So, when a correction occurs, that will be a good time to start to jump into the market.

Lot's of events and occurrence would affect the price of Bitcoin and it's actually happening mostly every day.
It may be true that Germany has an impact on the price changes but it's just for us whether to sell and to hodl.
Dealing with the changes in Bitcoin's price is important for us to gain a profit.
It's either we'll know how to play or we'll lose the opportunities offered by crypto.

seem pretty normal to me, FOMO make the price up to 8K$ the relative strength index very high on that day. let's just say it was only a correction of the price, depression will occurred in this process, people who bought high at 8K$ should be patient. same thing has been happened in 2017, once Bitcoin is on bullish pattern it can't be stopped. I was speculating for Bitcoin to hit above 10K$ in 2019.

Yes patient is the key but we could also use the current event as a way to earn more.
Just think about of those who encash your Bitcoin when it was above the current price then invest that money again then you already gain more than just holding it.
We all have different methods on trading I am not saying that it would be effective because it is also risky.

I was at the point of deciding to cash out all of my assets in Bitcoin because I was nearly convinced that it was the right moment to cash out everything. However, what I did was I cashed out the 50% of my assets and kept another 50% in my wallet so that, If the value will go high, I won't regret. If the value went down, I won't also regret. Because this is life. You have to be open and know both sides.

It actually depends on what kind of investor/trader are you.Some would hold no matter what and some would tend to sell out when they do see gains.
Its just like how it works.There might be some bullish predictions or rumors but those things aren't still guaranteed to happen.We know on how this
crypto market is way too unpredictable that's why if you do aim for longer prospects then better stick out to the best coin out there which is bitcoin and to some altcoins as well.

Slight but is part of ourlives they want earn huge so no need to regret and of course I still strongly believe after the red price pumping again and reach 10k usd  prediction before end of this month.

This is one thing that I learned here in crypto.
If you already sold your coins or tokens, don't check its price over and over again.
This will give you headache and regrets that will cause stress on you.
Once you sold it, you need to move on and look for other opportunities.
You should not regret whatever decision in trading you are making.
Remember that at that point, you are making a good deal for yourself and not for anyone else.

Despite my wife laughing at the last word, she misread that, the price is falling but it is not lower than the previous price that we have which is in the range of $3000 to $4000. We should be really patient, patience is a great virtue especially as an investor. If you invested earlier at the price that I said, even if the price is falling, you should have no regrets.

The reasons behind the odd behavior of the market is unclear, like we can think of a million reasons why the price has gone up and down, if you are in it just for the money and you are trying to think so hard about all of this and keep speculating than you are just gonna keep making bad decisions, bitcoin will always keep on going up and it never stops to surprise us, like back in 2017 no one in their mind though that bitcoin was going to be able to go from 6k to almost 20k in just a couple of months, and these couple of month bitcoin went from 3k to 8k so obviously you would be a fool if you are thinking of cashing out at this period of time right when it is about to make a run for the high prices.

There is no need to rush things, 20k is too much too soon, if it comes it is bound to correct like it did in 2017. But yes, a time will come when 20k is correct, just not so quickly.

Talk about banning is stupid, the few countries that did have zero chance of actually preventing peers from transacting with it privately. They might persecute people if they don't take precautions, which is the sad part.

Traders not only need to be patient, they must diversify their portfolio, and never invest what they can't afford to lose. Not because they will lose it, but because it will let you thing things calmly and not rush and make mistakes on impulse, which is what makes people lose their money.

A bought bitcoin is still a bought bitcoin, no matter what price you paid for it with another currency. You can only talk about "winning" or "losing" that other currency only when you exchange it back. The only difference is the higher you buy, the longer you will probably have to wait longer for selling it and earn a profit in that other currency. Which is why its nice to invest something you don't have to use right away, because you might be for a long wait if you bought high instead of low.

Whatever the speculation is, we have to consider that, but at this time, we should not be affected by FUD.
The bull market has come, it will stay longer, maybe longer than the bear market stayed last year, and this time around we are given a chance to sell.
If the price will hit a new ATH, that would be a big achievement this year and as a holder I will be proud because I never panic last year.

Nope look at the price at coin market cap goes back at 8,000$ the signal for possible bitcoin sky rocket coming soon just give a little bit patience.
To the people nervous and regretting the latest crash was now very thankful because the price bounce again and possible to reach 10,000$ this month.

*Mic drop*

This thread is epic my friend. You are pretty much summing up what the future will be and ending with a pretty cool message that will probably make a lot of people feel comfortable and have faith.

You are in fact preaching for the future of mankind and a much better future. Things right now in the world are not ok to say the least and they really need to improve.

Long term is the right way to go by far.

Thank you for this insight ,i do admit i fail to encash last 2017 so my folio crashed when the market dump last 2018
Im really conscious with the market right now

Such support is now necessary for many, so you wrote everything correctly. We've been waiting over a year for the market to finally come back, and this is already happening. Now we have to wait just a little longer.

It's always a very delicate scenario that we don't have much control over it. If one big hodler starts selling (dumping), everyone else will follow the trend, as nobody wants to lose this peak to earn some profit. It's a cascade effect.
For sure it's better to hodl, but on the practice it's not what always happen as the market is volatile and unpredictable. We need to move as the market moves, otherwise we are harming ourselves.

It's simple but amazing how many people do not do 'both.'     The options are NOT 'all in' or 'all out.'   If you believe it will one day reach a much higher price range, then put away some to truly HOLD.    Hold 1 btc and trade 19 btc if you feel it's a passing trend... or hold 100 btc and trade 2 btc if you think the long term gains will be better or 80/20 or 40/60....... whatever your philosophy or amounts you have.    Everytime you want to invest in something you don't sell your house (hopefully) right?  Everytime you make a gain you don't buy a new car and then sell it when the market is down.   

BOTH is better.   

Anything can happen in bitcoin price either bitcoin will continue to increase it's price and reach a new record again or either bitcoin will be stuck in less than 10k$ then continue to fall.

No one really knows how the market will move in the following months and years. Predictions can't be trusted knowing that the market can't be predicted correctly but if you are in the crypto community for several years already then there is a big chance that you can at least try think what will happen next base on the past market conditions.

Nice write up kudos to all of us, I know the recent decline in price was just a temporary set back because even as the price decline it was not to much and it still remains around $7000 which was still a fair deal. I kept holding because I know that in no time from now the bitcoin market is going to go on moon again and selling at this time is like selling out of panic.

If you believe in Bitcoin, you will hold it for the long term. Bitcoin will be staying and just keep in mind about the law of supply, we have only limited supply of Bitcoin. I still accumulate more bitcoins for every dip and hold it as long as I have money for my daily lives if I have spare funds, I put it on my trading account or buy more bitcoins.

Here in the crypto scene there is no room for regrets because everyone here is not late  , no one is left behind  , everyone can catch up because cryptos are expected to rise , recover and grow more  ( as long as you hodl the correct set of coins )  . if your still emotional and feel regretful just because you missed the boat then you need to rework that attitude because that attitude can be your biggest hindrance  , that might hold or limit your potential gains  .

are they planning another world war for crypto currencies; D. just kidding I heard that they are going to build a blockchain institute and that is going to spread knowledge about blockchain. and as we know if blockchain is there then bitcoin also has to be there. as right now they do not understand the value of these coins and I am not talking about the monetary value I mean its potential.

Thanks for this consolidating statements. I am one of those who didn't encash btc, yet. Though I can see it coming that it will gonna dump, I wasn't expecting that it will go down that low as $7k. Anyhow, I've been reading lots of predictions and you're right. Some are saying, another bull run will gonna happen. Though, it's too early to expect since some predictions are happening otherwise. The only hope I've got is to still hodl and wait for another pump.

DO NOT believe all the FUD that are doing the rounds, rather look at the fact. Bitcoin showed a nice correction, until an experienced trader in the Asian market decided to dump a few thousand coins on a single exchange and this caused a ripple affect, where automated bots started to kick in to signal a "sell" option.  ::)

The German government cannot stop Bitcoin growth globally with their political decisions, because there are more than enough bigger markets out there, that are in full support of Bitcoin.  ;)

i am sure those who refused to cash out would not be surprised because their earnest expectation is to rejoice at last. most of them would have summarized in their mind to wait until they have what they wished. as risky as it may be many of them have other sources of income to enhance their patience.

Everything find for some extent based on my experience taking profit at regular interval of time is really good practice . I regretted lot in past no to take profit in time now i feel taking profit in correct time also required for trader to have a faith in crypto currency .

Yes because there are few people who understand correction, they assume that when bitcoin goes down there will be bad things. So this is normal that happens in any exchange, when bitcoin has reached its saturation point and will continue the pump.

So now we just have to wait when this correction will end, without worrying about anything.

Yes, bitcoin or any other crypto currency cannot go straight up. After every upward movements, the bitcoins should take the correction and after correction it moves further up and creates another high.



If you are a holder and not a trader, you can accumulate the bitcoins at every dip and after year or two when you will see the price of bitcoin, you will be millionaire by that time. The main thing is that you keep on holding and do not panic sell.

If a person has previously invested in Bitcoin, which has now risen in price, he can sell it in parts. I mean partially take profit, and not to expect strong growth. This is an option to make a profit at an existing price for a digital asset.