Bitcoin Forum

I know nobody can predict it but I am wondering if I should move my BTC into a stablecoin now in fear of losing more or if I will get angry when I lose the trading fees and then watch it go back up again. That happened to me b4 actually.

Also sidequestion what it the a cheap and fast way to move into a stablecoin that is supported on the Ledner nano S.

You should move your Bitcoin into a Stablecoin, and join all of the donkeys there. After all, the US dollar is the reserve currency, but how often do the reserves get to play in the main match. :)

I agree! Look at the history of Bitcoin! In the long run it has earned everyone so far. If you take a look at the BTC price chart for 3-4 years, you will see that Bitcoin is always on the rising trend!

If you are looking for some good analyst, I think you can check Bob Loukas forcast since he had some video where he publicly stated his Bitcoin strategy.  One of which is his strategy on getting out when BTC goes 14k (that was before Bitcoin hits $14k and goes down). Here is his YT channel https://www.youtube.com/channel/UC0zGwzu0zzCImC1BwPuWyXQ.  You can also try to check some TA on youtube though I know it is not 100% accurate but it gives you a hint on when to enter or exit the trade.  I think at least that will give you some ideas and would possibly turn your losses into gain when converting your BTC to Stablecoins and vice versa.

I am in for the long run and I did make my fair profit but also lost quite a lot by getting into masternodes and a little switching my ETH into DAI and back at a loss. I am just asking for short term to not just watch BTC at 6k in a few days and get angry at myself. I can always go back, its just that the switching alone coasts money. So if many reputable people are predicting its going back up in 2 days I will just hold my fingers still and do nothing. I just do not watch it fall any more. I am already angry that I missed that big fall but I guess there was nothing really I could do it was in just on hour or so right? Or were the warnings, I was not prepared to fast move it anyway. I guess I should be.

Dude you give me some youtube channel where the last upload was a months ago talking about getting out at 14k. Seriously? I asking about the current fall and what the chances are that is continues to fall and this is not helping.

This is not the first time that Bitcoin made a big dip nor will this be the last. You should have moved your Bitcoin right before this dip but the problem is that nobody can really predict what can be and all are just speculations. If I am in your shoes (what size is it?) then I will just wait and hold on because eventually Bitcoin can be back with a vengeance. Now, this is just my idea or my own speculation of what can happen next with Bitcoin and should not be taken as professional advice.

You are fearful right now, mate. And there is also a brewing anger inside you. You are full of emotions. If I were you, keep your Bitcoin as it is, forget the price updates for a while.

Do you think that this emotional state that you are now will get pacified because of some prediction coming from someone else has become the basis of your decision? I doubt it. You might only shift the blame from yourself to another stranger.

It seems you are really confused about what to do and believe me, you will just confuse yourself more if you will read those predictions. As you said, no one can predict so I don't know how those predictions will help you.

You are in the long run, right? Take a break for now or began focusing on your other crypto assets without harming what's on your precious BTC wallet.

I understand your feeling. I've been there. Just trust the process.

I think it will keep falling in these days. It is hard to say that it will fall to $3000. If you purchase above $8000, you should keep it and wait. It will raise up in one day.

If you are holding for a long run you must take a break, don't worry too much in the market situation because this is not the first dip happen.
Divert to stable coin might help you but that is unhealthy to bitcoin you did not help the price makes healthy. No one reputable sources, if there is I am sure they will make rich themselves in investing bitcoin. Patiently waiting is the key to have a better profit in investing bitcoin and not on a hurry. IF you believed that there is a new ATH coming then, hold your bitcoin as long as you can.

You are actually looking for a source that predicts the future and be right all the time, that it's impossible. I recommend you spend some time learning technical analysis, it's the only way to safe yourself from big losses. It teaches reading charts, where to put stop loss, how to react when the crash happens. Anyway I suggest to check out Alessio Rastani's channel on youtube, he did predict this crash in his last video. But just keep in mind those experts are not always right, so don't their as financial advice.

if you want to be patient, bitcoin always go to the moon every 4 years because there is a block halving, for example in 2013 and 2017 ... then next time in 2021 ... of course now it's time to hold

For all who doesn't want to take risk with the funds can move it to some stablecoins. As mentioned reserves were the supportive asset that we get to see on each and every sector. USD being the largest reserve, and it plays indirectly. Same time it is recommended to move part of the bitcoin holdings to stablecoins as we don't know what exactly gonna happen over the falling days/weeks.

The question is, would it able to happen on the 3rd time? No one knows but anything can happen or we might see another bull run every 4 years or simply on halving event as the
btc supply is becoming scarce and becomes hard to be mined and the demand is still uprising then expect there would be significant rise up in value.
About sources of guesses on where btc would go in next minute hour day or month or years? No one knows yet no one can predict on what would happen into
this very unpredictable market.

They printed $75 billion of USD a night in last week. And stablecoin is backed by USD. Should not you be afraid holding to much of those?

It is your call and your decision to do just that, This is your money anyway and we are not financial advisers to advise you on what to do with your money, In this situations when the price of Bitcoin drops a weak hand always shows up and thinking that this is the end for Bitcoin a reputable source doesn't exist but just speculative analysis.

In my opinion, the price really doesn't matter at all if you would think as a fellow enthusiast you will look at the future of Bitcoin and not what's happening today, What matters is what you believe in, predictions exist but doesn't mean it will always be the exact thing.

It seems to me that you are trying to find a way to trade the markets without incurring in any losses and that is simply not possible, what you need to ask yourself is if you are willing to take the risk that the price of bitcoin crashes or if you are willing to move to a stable coin and get back in bitcoin in the case it goes up once again? No one can answer that question for you, because no one really knows what are your long term goals for the bitcoin that you are holding.

Hey im looking for someone who knows the next winning lottery numbers, please pm me I can make you rich,

trading fees?! that's like 0.1% on each side of the trade at binance. what does 0.2% matter when the price just dropped like 20%?

anyway, this guy has a pretty amazing track record. he just updated his thread today:
https://bitcointalk.org/index.php?topic=5128394.0

don't follow any one analyst blindly though. market conditions can change and they won't necessarily provide an update for you. you should really figure out your own trading strategy or otherwise just hodl as an investor. trading without a plan usually doesn't end well.

Not sure if I qualify as reputable, but here's my guesswork.

https://i.imgur.com/63Ns0ya.png

That's just what I think is the most likely path. I always like to remind people that markets are unpredictable. If the 0.618 area doesn't hold, then the next obvious area to watch for is the 0.705 fib, which runs through the apex of the 2018 triangle.

Sorry about that I was thinking you would be interested and search more about his social media accounts where he forcast his analysis but it seems you are too lazy for that  ;D.  Anyway I did it for you and here is his tweeter account https://twitter.com/bobloukas?lang=en, feel free to browse anything about Bitcoin and his analysis.

The decision is yours, but when I do advise people on things like this, I tell them to just make it 50:50 chances, I mean since we don’t know what will always happen about a certain cryptocurrency like bitcoin, we learn to just balance things so that whichever direction that bitcoin falls, it will favor us.

If you move your bitcoin now into stable coin, I mean all, you have only succeeded in safeguarding the dollar equivalent, but what of the cryptocurrency itself. Imagine that the value increase further, it means you may be buying the coin at higher price again, but if you had left your money, there is chanced that it will grow that time, but there is also chances that it could dip, but safeguarding this situation is easy, you just split the fund into two, one for the stable coin, and you leave the remaining one into the market for the second purpose.

After a recent drop, the price has stabilized around $8000, but it still shows signs that a further decline is possible. The question is how long the price will stay at this level, and the intent of some people is obvious, to lower price even more, and buy as many cheap coins as possible.

You will not lose anything if you hold, fiat value of your coins is going down, but if you believe in Bitcoin, then this is just another bad period that will end sooner or later. In the end, it is your money, and if you think that's a good move to sell BTC to some stable coin and wait the right time to go back to crypto, just do it.

You should get in to premium trade signals club. Not the ones in Telegram. Well, I say that because I have never seen a reputable signals club on Telegram.

Especially because there are bots that leech the data to all these third party pump and dump groups and ruin every prediction. I guess, your best bet would be learn how to predict and then predict for yourself. The moment you go out seeking for a guess from someone else, remember, the rest of humanity will also be listening to that same person. So everyone would try and do the opposite things which in turn would make the 'reputed guesser' incorrect with his prediction.

Makes sense?