Bitcoin Forum

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I'm sure everyone is very much enjoying your posts teleported live and direct from 2015. It gives newcomers a wee taste of what it was like back then while simultaneously being rather quaint.

As for present price, whatevs.

So enlighten us, what will happen next? Will the price collapse? What will be the reason? And why do we need to sell today? And even if it goes down below $11k, we have seen the price plummeted more than 50% in March because of the pandemic, but we have recovered, isn't it? No offense meant, but this looks like FUD to me.

Can you show us proof of all the money you've made making predictions like that?

If you're that good, I guess you'll be writing on the forum from your yacht.

Hmm does bitcoin lost its reputation after 2018 crash? I don't think so...
Does ethereum seems to be died? The answer is no.
Does LTC people stopped buying it after the crash? No.
If anyone thinks that the coin he uses will lose reputation after a crash then he whether using a shitcoin or he doesn't fit in the crypto world.

Put some reason on why your statement is true since if you are just been afraid since the price dump for a little right now then sell your coins and secure your profit. You cannot convince people by just posting a unjustified comments here since many people still believe that this current dump is normal and we are still on strong side, market still kicking up and there's a chance that we can see some closer outlook from the past ATH.

You should understand where the people here are coming from, yes the price is going down, but we have seen this kind of movement multiple times already that majority are not panicking. Of course there are also predictions here that if the price goes below $11.200 which is the support and very strong, then obviously if we decline even further. But no need to be arrogant here, just saying.

You're not going to come back here when your prediction fails to acknowledge that you've made a fool of yourself.

Multi-millionaire.

LOL

I doubt a multi millionaire has time for something like this.
As far as I remember rich people are too busy making money, not commanding people when to sell and when to buy in crypto market. Or is it that you want to become a multi millionaire by telling people to sell now so you could enjoy buying the dip as well?
No offense, Im just stating my opinion towards this post.
Nevertheless, this will just turn out to be one of the biggest regret If somebody is selling at this range.

Thanks for this but i am looking for Below $8000 price is this also possible?i will be very sad if not  ;D

Even below 11k or above whats the difference if we cannot make it through above $13,000?

---

As i speak it is $10,800 and i am feeling positive now,are we falling to below 10k now?

There is a lot of news now maybe this is the effect lol.

Oh lookie, the OP is a contraindictor troll!

We must be going up then!

Lol what an idiot... Sure if I am a Multi millionaire Ill come here with an new account to fear 3 people into selling so I can make $500 profit...

I would welcome a drop to sub 10k, have some worthless dollars I want to convert to btc.

Or the miner who mined the first block after the last halving is the resistant? We may not see BTC to hit $9000 again. C'mon, dude. Holder will have no panic as they hope for long time and see such dip as privilege to accumulate some more.

You have not done enough research or you just a FUDDER inviting people to dump, there's a reason for this dump but it's not enough for the market to recover, wait just a few days and the market will eventually recover I don't think people will just sell because of this dumb analysis who can't show proof that it's game over.

It seems to me that in any case, there is no need to expect a decline in prices. I believe the big whales are not only worried about their earnings, but they will be very confident in protecting their assets. And this means that Bitcoin in any case will have support from investors, attracting more and more investments in order to prevent the depreciation of Bitcoin, if, of course, some situation occurs in the market. Therefore, Bitcoin will have very good results in the market anyway.

The very bottom I think is the 9800-10000 for which there is sustainable support, this downturn has to reach to its oversold level before it goes up and I think its on $10K.
I still sold my BTC a few minutes ago and probably I could buy back in $10K once its there.

I already regret not selling while it took a test at $12k. Can't break the resistance, there is just soo much hype that anyone who got into defi will take profit before it could even break that $12k again.

Instead of selling, its time to buy and this dip is best time rather than selling it. For OP it may be fear but be brave when others are fearful and do not take any decision in just panic mode as it is just temporary fall and nothing like it will never bounce back again to 12k. Buy, wait and see it bounces back again.

what a good Samaritan trying to always care for other people's finances and telling them to sell so that they don't lose money. such a good person and not at all has any personal agenda ;)

Are you expecting an even bigger crash than the one that we saw in 2017? And if you are expecting that could you tell us why is that the case, personally I am not against your OP and I think as well that this is the moment to take profits, and it seems to me that many people think the same and that is precisely why the price is going down, but that is just the way the market moves, it is nothing new and anyone that has been in this market for long is not going to be surprised by those movements.

However I am not expecting a collapse in the price of bitcoin and quite honestly I do not see the conditions for this to happen as governments keep printing money and that money needs to go somewhere, and without a doubt some institutional investors are already choosing bitcoin over other forms of investing.

What happened to the price of the bitcoin are only telling us that using stop loss are really important, I sold my bitcoin yesterday when it gives me a sign of weakness wherein the price reached my invalidation level. Right now there is a huge red candle appear that telling to stay away first because it is a strong candle telling that the price can go down more. I already have a plan wherein I want to get some bitcoin when the price will bounce at 61.8% fibonacci level because for me it is a strong support.

I do not agree with your opinion...
Bitcoin has experienced a decline in price dozens of times, a falling price is not a condition in which the Bitcoin price will continue to fall, market corrections are very common. I will HODL because I believe in the near future Bitcoin will break $ 20k.

It makes 100% sense that a multimillionaire with zero agenda would come to bitcointalk and tell us all that bitcoin should be sold. I mean I am not against the idea, sure bitcoin has been higher than what we started the year, almost 40% higher, so it wouldn't be shocking if the price went down but we are in crypto world so it wouldn't shock if it went 40% higher neither, everything is possible.

This is exactly why I am saying that people should really be supportive of people who are saying both directions, however saying that you are multi millionaire and that is exactly why we should listen to you makes you look funny, a multi millionaire who doesn't even have copper membership, a multimillionaire who just happens to be here warning everyone, you gotta see how childish that sounds.

Yea I do seem to remember a ton of doom and gloomers back then, somehow they disappeared over time and were forgotten but I always try to remember people will be negative ('fearful') as much as positive on highs.   I think thats just a human thing, we switch to extremes.
   Its not yet a definite sell to it, its still in a higher range above 10500 as a low.  Traders have to jump and sell and definitely anyone on leverage but I think most shouldn't go that way anyhow as crypto is going to be volatile at times.   I will characterize it as negative momentum for now but hard to say it'll pull back massively and I'd guess probably not.    I always think retraction can perform some positive to toughen up the prices, take the air out from people who will always sell at first trouble over those more invested.   Its a normal and necessary process, I never believed we'd go higher without trouble and rechecking lower prices.

Lol, your post won't work for those who have been here for a long time because they are more expert and more understanding about the bitcoin movement and it won't affect them.
and what happened The current movement of bitcoin is still normal and there has been a slight decline and the current price of bitcoin is $ 10,250 and I think this is a good sign and the right time to buy it, and I am very optimistic that bitcoin will gradually rise again until the end of the year and let's take a look at the next step.

the people who listened to you were able to leave with a profit and those who did not listen to you at that hour must be trying to be an opimist that in 2 years the price will reach $500,000 and that is why you should do Hodl without worrying about the price drop like that, this Hodl's thinking leads people to do things that they just see and shut up. well each person knows how to take care of their own money. current price is struggling to stay above $ 10,200, we will see how it will end this week

Thank God you are only speculating, it is based on your own view. We are all good to make decisions ourselves. Anyone wise will not just burn out his or her effort in waste at this time. I choose to be wise and optimistic and I believe in the better days ahead. What we have now is nothing to compare to what is coming. I have been patient over time,and I will be to get a worthy reward. I can't afford to be prodigal with my investment. Thank you for your advise.

Bitcoin's price is truly far and below $11,000 that the current price is $10,478. But I think it's not a good time to sell out or make a panic sell today because it is normal for bitcoin to make a sudden downfall to it's price. The only reason why bitcoin's price have decreased badly due to bitcoin miners that they started to sell out their holdings.

The right time to take profit is when bitcoin price touched $12.000, because now I think that is not an idea to sell them. I always remember that when bitcoin fall a lot then there will be many people who bought it at the lower price so I think this is the best time to buy bitcoin.

Bitcoin price always move, there is no time when bitcoin just stuck in the certain time. Yeah, I know bitcoin was dumped just in two days but it doesn't mean there will another dump coming back again, there is no one who will know it.

I believe that many Bitcoin and Ethereum owners regret at this very moment, when prices fell by almost 20%, because they did not sell Bitcoin for $ 12,000, and a few days ago Ethereum for $ 470. As a short term, it would be really very good. But today I agree that the decline in prices is not yet a reason to sell, since we do not yet know the real reasons for such a sharp decline in prices in such a short period.

For people who do able to believe on such call when the time you posted this then they did really able to make some profits on selling out while it did able to reach 12k price point yet
now we are hovering 10430 as of this writing but it was just a right guess or prediction yet market is always been like this because there are only two possible ways on where
price can go.You cant tell if it would be shooting up continously when it did break that 12 barrier but sadly it didnt and goes back into its trail.Well, thats how market works
because we cant just see a continous movement.

Generally price has increased today as often I find Friday is a time to close out any main market short type bets for the week, not surprised we close up a bit.   Its also possible we put in a bottom price here for the rest of September, its still hard to say.

We definitely flirted with the idea of closing below 10500 and resuming that prior ceiling but Im not sure its been proven as it may have been too brief a time at that level.

https://talkimg.com/images/2023/06/12/AhBWl.png

Tons of prior price action here and importantly its below us, the ground that now may well support us and keep price rising by preventing any real sell off occuring.   So it remains uncertain as to whether price is especially negative or just in profit taking which is fully normal and tricks many into selling too early.

I think holders wont regret if they did not sold thier btc @12000 because they knew after the manipulation where as the price of bitcoin falls it will recover, the sudden dump is just like an opportunity to also get big profit when they pump bitcoin again.

I'm ok that a newbie who know nothing about market volatility is posting this, obviously this is creating fears among new investors, people should not listen or just ignore this, this has been going on for a very long time since the market started and look where we are now, we'll always have people like this who just entered in the community and creating panic at the slightest sign of drop.

I think most of us know what to do in times the price is decreasing.

We have our own strategy and no one can dictate us to already buy or sell.

So dont mind other people's business because they know better whats best for their investment.

It's a must to know what will be your position, leaning with others will only add the risk from your investment.
Learn the proper ways of trading should be the first in line before taking any position from this market, there's no certain or accurate
prediction most of this are speculative.

From what we are experiencing  now. The direction seems to be correct  the price of bitcoin falls below 11K residing at the level of $10,400.

This is normal crash. Most of people sold their coins .. the ones that are always victim of whales . Made the price crash . just like 2017 . i beleive eth will reach 520 on this week

also it depends on the goal of btc holder. if he's looking for short term gain, he can sell right now if he's already in profit from the time he bought his btc. but for long term goals, i strongly believe, btc will still go up. so hold.
 how many times have we seen btc went down and yet, it goes up again and again? pandemic or not, btc survives. dont panic, think clearly, and lay out your goals here in crypto.

Thanks for the warning, OP.
I'm selling in a inverted DCA strategy, and your post convinced me to sell double this week.

What is your target for buying back?

I don't think it will go lower than $10 k now so $10200 is the best price to buy back congratulations to your profit, the dumping is more like a domino effect, once they saw a dip people are ready to sell for profit because this is the signal that they are waiting to happen and now people like you are looking for the floor so you can buy again for future profit, it's a strategy that always works.

There are only two options with that move. Sell and earn profits, then just buy back or hold, trust the price for your expected goal. Just simple. If you hold then dont mind seeing your portfolion cut in half thats how it done way better to add some bag more.

But if youre gonna sell, then make sure to enter at a good price cause if you didnt and this one takes off youre gonna be late for a party.

Good move for you dude. It depends on the decision taken to benefit on the market.

Experienced investors are now chasing the dip and start picking those coins.  It's tough riding with this people as they have
enough money to play around.

Buy when you are ready and use the money that you are willing to let go, lots of possibilities that may take place next week.

bullshit. all multi millionaires have agenda.

But the price is still going down, and now the price reaches $10,100. Besides that, the candle still shows the red candle, so I think we need to be careful if we want to enter the market. No one knows when the price will bounce up to the high price, but it seems, bitcoin needs more time to increase. I hope that the price will not go down to $9k level because that can makes people panic, and they will not think twice about selling their bitcoin. We still have time to wait for the increases in the next week, so hopefully, this correction will stop on this day, and tomorrow, the price will start to increase again.

You are right, hopefully some took profit already as bitcoin was even below $10,000 for awhile, now trading at $10,300, so it looks like it's going on a healthy movement again until bitcoin will probably break $12,000 and that is the time to sell again. The good thing with bitcoin is you will see a lot of action as it's very volatile, one day it's up and the other day it's down, so as long as you pay attention, you'll definitely find every opportunity to accumulate and sell at the proper timing.

And by the way, how is it "she"? Bitcoin is not a person, should be "it".

Thinking for more good possibilities but there's a little doubt in my mind that we will pump up quickly so maybe I will just monitor the market for a while to see some constant changes since my god feel right now is we might gonna see some $9k figure at this point but let see if the market will go to that shit and I think that level is good to enter to save for a pump.

The bitcoin price finally reaches $9k level, but the price bounces up again to the $10k level. And now, the price is trying to go up by touching $10,200 and it still trying to increase more. Although the red candle still appears on the market, I am sure the bitcoin price will have the chance to break the high price.

It seems bitcoin price will have a difficult time to break the high price this week, but we know that bitcoin is strong and it will be back to the high price again.


No problem if you are not selling bitcoin yet because it is another correction, and it always happens many times in the bitcoin journey. We will see another bullish season soon, and make sure that you are ready to sell at the high price. Perhaps, we will see the new ATH after the last ATH was broken in a few weeks ago.

Ohh my bad that i missed this so i did not sold my Coins but it's OK mate because what i did is bought again when the price drops at $10,050 yesterday and i am ok with that.

Instead of selling what i dd is buying and it compliments me to help not putting the market down while others are panicking to release their holdings.
the market has not been in Bear so whats the point of selling?

But whales are the players,they are the one who is responsible in shaking the market prices mate.
This is what i believe is true,Imagine how much Bitcoin they have in hand?
it is easy for them to Join together and make single decision to bring the market down and also they can make it up.
though this is not proven but this is the scenario that comes to my mind talking about whales.
 Anyway what happens now is that Bitcoin has a strong support at $10k level meaning we are only waiting for spike to make it up again.

Aren't we overreacting a bit? I mean sure bitcoin might have gone down a bit but we are talking about 10% weekly loss, that is really nothing at all, do you really believe that 10% drop in a week is something major? Something to be afraid of? Something that speaks about the future of crypto in general? I do not think that 10% means anything special, it really doesn't mean anything at all, it is just a regular movement of bitcoin and it really happens time to time so there is really nothing to make a big deal about.

I fear that price movements will not make a big deal in the future but these type of people might. There are so many people yelling fire that I am pretty sure eventually people will think there is fire and sell, when they sell it could actually cause the real fire.

This current crash should teach many more lessons to those that currently are learning just to trade, the lesson about the stop loss is important but there are even more, as an example this should teach newbies or even experimented traders to not use leverage, to anyone not using leverage the drop we saw was important but anyone using even something as minimum as 2x leverage and no stop loss has probably incurred massive losses, and that is assuming they invested in bitcoin because if they did it in other coins they could have lost all their capital.


Another lesson to learn from this is to avoid FOMO and hype because anyone that invested in a dubious DeFi project probably lost a lot of money because of it.

Good thing:
BTC closed its weekly above $10k.
Traders are still optimistic that bulls are in control and can keep the price under control as well.

Bad thing:
BTC has broken down an important support and is below the key level of $11500 which has once again put BTC under the risk of crashing down under $9500, $8700 and last, but not the least, $7800.

The pressure is too much by the shorts and we can only expect some magic to happen in order for the bulls to liquidate the shorts, but there's too much FUD in the markets about the recent raid that happened at Bithumb.

Do not get carried away by emotions, it is not known if the price falls further, it may be gaining strength to implode in a good streak of bullish trend, sometimes I think that the same whales call to sell to eliminate the offer and they make of more bitcoin and keep buying cheap taking advantage of fear or unfounded fear.

We dont need magic actually yet market can recover on its own without knowing the precise reason behind it even though we do see lots of fundamentals floating around.

Price had touched 5 digit below price but it do bounce back to go in 10k level.As far as i remember it did plunge on 9945 and now we are currently playing on 10,150 - 10200.

I have some feeling that we are already moving sideways this time or it would take a while for having some another great leap or breaking off some resistances specially on 11k and 12k.

This might happen on Q4 of 2020 or Q1 in 2021. No one really knows on whats next.

Least was 9825 and today it was 9875 so if we take a break even point of these two which will be 9850, it looks crucial to me and if this breaks down, the double bottom pattern will fade and this will go below 9k and probably reach 8700 in order to create a new lower low for this week/month.


I saw a chart today by someone and it truly amazed me. The way that person defined the chart was so exceptional that I couldn't resist myself from believing him that BTC is yet to get down more before it gets above $12k again. He showed me the CME gap and told me that this gap needs to be filled for which BTC should crack the 9650 level down.

^ HODL, as long as you can. No matter how the price goes far if you have the desired profit to take and then, take it.
But I suggest to HODL for a long time if you really want to see a good profit. Bitcoin holding for how many years will always give potential profit even if you are holding this at the same time you are just like investing itself. However, the market is still good even there is a small correction and possibly after this, there will be a massive bounce-back that make the price bullish.

Heres your bounce scenario, its above the 2 day average which is good positive short term momentum but I think further out we need to be watching 10475 for a pivot to positive or negative action.  Theres other considerations but this lower price action as a range, probably we need establish that price as the low now to confirm we have ended this pullback and not just paused.
   Now that I remember 10500 was the prior ceiling in July and previous and so it again registering as still important now is fair and typically 10,000 with all the zeros is neat but not as important as an area like this.   I would still guess we need to trade further downwards or confirm it better but its not profitable to ignore actual price action rather then projections and hopeful guesses.

https://talkimg.com/images/2023/06/12/AhhE9.png

You are great in prediction because just hours after posting this Bitcoin drops down to $10k level and i am late reading this lol,i have at least sold my Bitcoin at $11,300 to buy at $10,100 after two days.
Sometimes there are some thread that sounds like FUD but becomes truth after .

actually the best example is what had happened last 1st quarter when in March bitcoin fell the lowest price for how many years in just 24 hours cycle.
things that we never ever felt could happen but it does.
and after some months then become this high again staying in 5 digits value.

I've seen many optimistic people here in the forum already. I want to see users like you that are very pessimistic as of this moment :).
You are helping us to prevent from losing money so you are saying to us to sell it??

I don't care about what you are saying right now. I don't care though even the price will go down further and that is better than buying it at the top :P. Speak all you want, I will not feel any regret and I will not sell. I'll feel more regret if I sell all of my holdings right now.

I also feel the same way because it still has a chance to recover and that's why I prefer to hold it than to sell it. I have never thought of selling my holdings because I have faith in the cryptocurrency that I'm currently holding. Besides, it still has a chance to recover even if the price is falling since the market has always been like that. I think op is just trying to give advice (though I just read this thread now and it's already at the 10,131$) but I don't wanna get swayed because as long as I can handle how the market is moving, then I will just keep holding.

It's not bad to sell some when you know you bought some during the bearish market but it's bad to sell when you know you are at loss. This is the only regret that you guys don't want to happen so think it thoroughly if you really have to sell now because AFAIK the bull run is just around the corner. Maybe it would happen this end of the year or maybe next year, who knows?

Amen brother. I was sorely disappointed by just how stubbornly people clinged on to hope in 2018/19, and you can imagine how let down I was this year when people started cheering and putting the flags out again for Bitcoin.

Don't get me wrong, inside I'm happy and all that but I'm in for the long game. And the more I see the optimism, the more I think my gratification will be delayed=p

Why can't weak hands just completely exit, right? =D

Whales are not as big of a deal as everyone makes it out to be. They are surely richer than us and that means when they make a movement they could definitely make a bigger noise than we could ever make however the reality is we are not really that much effected by it at all. Sure if there is a big big news about someone selling 30k bitcoin that could make a change but we are talking about whales, plural, which sounds like whales are playing a different game than we do.

You could buy at the same prices they buy and you could sell at the same prices they sell, this is not wall street, everyone is welcomed here, which means you could make same exact moves they make and nobody can stop you, meaning you could make profit from the same things if you want to profit from them, it is not an exclusive club.

I am a longterm Bitcoin holder, I will have no regrets if the bitcoin price crashes again. Because I'm confident about the future of Bitcoin, I don't see shortterm change. So I prefer to think about the future of Bitcoin. Whales try to get people like me interested in trading.

One of the main reasons for panic in the market they share lot of news. Whales always want to increase their holdings so they create panic in the market with different news at different times and buy bitcoin from retail traders at lower prices.

The same goes with me  ;D. And definitely agree though, dunno why the others need to panic as this situation is pretty much given in this industry  :-\. Well anyway, if you don't have anything you would put your money into; materials or stuff going to buy, or any expenses or whatsoever is that then just let it (BTC) be there, 'cause why would you trouble yourself for no reason?. Anyway I appreciate the OP's concern, however there isn't much to worry about right now, tbh.

Depends on how much Bitcoin you have, how you get them and at what price. If you bought some when the price was $4-5k, than current drop for you is not a big deal. Not a big deal if you spent $100 on bitcoin. But if you bought them for $100k at the price of 11,500 per bitcoin, then you would be in a worry :)

Other thing is in what "future of Bitcoin" you are confident in? That it will be used everywhere and it will substitute fiat money? Or that its price will higher than this year ATH or historical ATH?

If I'm not mistaking, I think over the past years (based on findings) it has been more profitable just holding bitcoin. Which means ignoring all the market crash and temptation of taking profit in the bullruns. This scenario isn't any different as in months coming anyone who's stupid enough to sell now would regret massively as news highs are in their way. Technically the hypes aren't over yet, the pandemic either isn't having any effect on how people preview the market.

Everything is working great for bitcoin and not forgetting it just completed its halving of block reward few months back meaning there are rooms for growth. In situations like this you should do nothing, seat back and watch those with the balls play with market.

Just for everyone's info, please check today's low over Binance, it played out exactly as predicted and reached 9850 but didn't break below it and bounced back with a superb $350 surge in price taking it above $10200 (if you see 1h chart). I believe we're still under too much pressure at this point and I'd avoid leveraging any position and would rather watch the markets as BTC is playing out near its major support and I don't think that leveraging a long position would be in our favor ATM. I'm not asking anyone to sell, but just beware of these levels.

Im currently holding as of this moment and tend not to trade (leverage) i do have the same views just like yours that we are indeed on too much pressure. We might or might able to break that big support if it would
be retested out once again since the price is playing on 5 digit price level and would likely or not just too far for it to be considered.Its just stressful nor just too risky to make out positions at the moment
but if someone can really took the risk then go ahead but just like yours its better to be on observation mode and wait up for the right opportunity.

Holders like us need nothing to be alarmed in this price trending because at the end of the day?Bitcoin value recover over time.
I would say there are so many things we need to consider when we are daytraders but for Holders?no we are cool.

thats same thing i do wayback when i am sure that there will be a recovery happening soon,but now?i choose to Keep holding and not to sell any
amount from the downtrend couple ays ago.

Sell now or regrets later?
Well, it could be your opinion and I understand that most (probably all) are here for investment. Profits are all that we wanted, some take the opportunity of buying more crypto during the bear season and sell it when the price rise. Of course, I'll do and I don't want to miss the good price again as it happens last Bullrun. It probably that most of us are weary for the incoming and that is because we are not sure about it.

If this could be an opportunity, then why we need to lose it?

the regret for me is not buying more Bitcoin and not selling it.. Price changes are certainly a common thing in the market.  when the market is flushed, afraid that the value of its assets will continue to decrease, that's natural, but don't panic, panic will only make you lose, you will just miss the opportunity to make big profits on the next bull..

People does have different mindsets and even if you do say about on why would someone lose it then its neither a planned one or just missed out accidentally.
When you do talk about holding then this would talk for years or depend on the person on how long he would decide to held up his coins and decide on what would
be the selling point.

Common mistake on missing out these chances is that we dont actually know on what would happen on the future.We do hope for more even if its already the peak
and when the price had corrected then thats the time we do have regrets.

I dont know that now is the time to pay attention exactly, Friday tomorrow and weekend approaching suggests to me to be more concerned next week.   However we are at a weekly average and possibly there is a fight between the recent rise and overall decline from recent peak pricing.   I dont especially expect a large sell off but I'm probably more negative in outlook then many, mostly I just see a trade downwards.

https://talkimg.com/images/2023/06/12/AhcAw.png

It sounds interesting to see how the weekend affects the price. I'm not sure if the previous weekends will also be the same trend for this coming.
https://i.imgur.com/iUGuAxl.png

Because looking into the chart, the price still on the range but the volume it started to slow down. Well, it hopes that it gains back high again and investors will never just focus on Defi projects.

Bitcoin has really lost some support levels since last week and it is advisable to sell now as panicking was start flowing into the market. I have seeing that bitcoin might go below $10,000 if it could not go above $11500 before closing of this week candlestick.

Why create such a FUD? Perhaps if you will show us a statistical it might change my perception at least. Bitcoin was just hovering around $10k and it is quite low to sell, this will be definitely a loss if I sell it. Apparently, the best thing to do is to buy and accumulate more.

I don't think the market will fall, I've been here when Bitcoin plummets in 2018 when most of the coins almost fall in the floor, and then now that the whole market is somehow recovered. This probably enough reason why the Crypto market will not die.

Any suggestions what I should buy after selling??

Very curious for your insights...














NOT

one should have tactics, and do not let emotions get in the way to common sense and planning, otherwise you will certainly regret it, sooner or later

emotion could bring one or two productive decision, but these will not get in the line, one will be a mistake sooner or later and that mistake could draw down all previous winners, so tactics should be made and one should stick with it

This time i am not own any bitcoin left, only small amount of Ethereum, but i think price of bitcoin wouldn't go down much from now. Maybe up and down a little will be happen, but i think stable price will keep happen until end of the year.

Nobody can accurately predict what will happen in the future, we are all just speculating. The word used in the subject does not seem to be fitted, I mean "you WILL regret" as if it is a statement of verified truth.

Not the kind of sentence that I will support, the market and investors have matured not even a big drop can make them sell all their coins the market fluctuated from time to time and people like you should not consider this as the end, it's you that will regret later if you dump all your coin.

There's nothing more regretful than dumping all your Btc or other alts during this current cycle. The market proved us on 2017 of what Bitcoin is capable of.
Now, I guess the OP was telling us to sell before the market crash, and I don't It was the right thing to do not unless if you're trading short.

There's only one thing proven for certain...selling bitcoin is a good idea. Sure, you might miss out on some marginal return from just the purely random fluctuations of a dying asset...but bitcoin is dying, I don't think any serious intellectual disagrees with that. Just look at the last 3 years.

There is no problem if you want to sell at any time and the most important thing is to sell under favorable conditions from the price you previously had, not because you panicked and sold at an unprofitable position and that is very wrong.
and I think the market will recover and rise gradually in the next few months, and I think holding it is the right choice for now.
It looks like the OP is giving advice in a panic situation and won't affect those who have been here for a long time.

I have sold mine and bought again at $10,100 .

Though there are still No good sign of Pumping yet it is ok because at least i am still in break even now because
 the price of bitcoin is staying in 10k level.

I have no intention of selling even if the price fells down below 10,000 because i can feel that Bull is near and waiting for
the right timing to run.

The current levels look good to buy again as it has being over 10k from quite some time now. So it is not looking to fall and slowly inching upwards only as seen in past few days. This give resistance above 10k and if we see it moves upwards above 105.5k then may be 11k could be achieved soon. So, its a buying time for me as well.

That is what Op predicted mate,that the Price will go down below $11,000 and he really predicted it right and actually the Bitcoin had Subside
below $10,000 but for a shortwhile only because it bounces back in $10k after an minutes.

the question is have you Bought already?because you believe that this is the best way to buy then i assume that you are the one who will buy because of your believe.

Actually we want to see Green market every time but it is not possible for crypto currency. It can up or down any time for any condition. We have to wait for proper time. Only sell is not right decision all the time. Sometimes, we should wait for right time.

It is not that week hands had not made their exit already what happens is that they are replaced very quickly by other weak hands, most people that you see selling their coins in panic most likely have just recently entered the market of cryptocurrencies, they came with the idea of making a lot of money really quick only to find out that whales and other expert traders are making quick money at their expense.

Most likely the weak hands that came to the market in 2017 left between the years of 2018 and 2019 as they lost hope the market will recover and they are probably really mad that they are not part of this market right now.

Panic sell can't bear good result at all. We should for some good news. As we invest on bitcoin and ethereum or like same coins, we shouldn't sell at lower price because it will rise surely.

Bitcoin going down is not a marvelous prediction, it can do only two things which is up or down and to say that it will go down means you will 50% be right at every time.

I can say that bitcoin will go up and I have 50% chance I will be right as well, this doesn't mean I am smart or I know things people can't see or anything, I just made it up and I could be still right. Which is why I feel like there is really no choice but to actually keep trusting yourself and not other people, if you want to sell just sell it, if you want to buy just buy it but do not make moves depending on some stranger writing something on a forum, that doesn't make sense at all. Specially people who just say something and do not prove any proof of it at all, just say it with some text and get out, it makes zero sense to follow them.

After bitcoin margin trading has become generally available, we can worry after every big move (up or down) because if we had foreseen it, we could make good money. But to think in this way is just to spoil your nerves. I think every person needs to understand what he specifically wants from bitcoin and act on this basis. I think this approach will save you from a lot of momentary annoying thoughts.

Majority of those people who'ed jumped in the market in 2017 or in that bull run will really have that kind of aim on getting rich or easy bucks and returning back to the market after being getting wrecked would depend to someone if he would realized or would completely turn its back against the market since they had been blown out.Panic selling is inevitable but there are really some selling situations where it did really save up your ass.
For people who do panic sell but eventually able to sell earlier and prevent the further loss since the market had dumped then i can say that it is a good call and it isnt really something that you can make decisions
from time to time but most of situations panic sell is always residing on the negative side.

Time traveler or have a magic ball which show you the future?

Its below 11K as you said but not deep down,its still stays in the range of 10000 -10500 for a while now!

Even if goes below 10K I am not going to get panic attack, just wait for the moment to buy again if I have some money.

Not totally Magic ball but OP has a point here,Look at what He is pointing it is happening right?
so there is  good in this thread.
it fells down bellow $10,000 couple of days ago but recovered again after some time.
Good idea ,reserve fiat so if there is a emergency need to buy you are ready because market now showing very volatile.

I bought a lot lower than this so I can't rebuy again, if the price continues to stay at this level until my next paycheck you can be damn sure that I will keep buying because I believe anything under 11k and above 10k means that price is not going any further down and it is bottomed as well as it can right now and the price will go up.

I am not going to believe what anyone says just because they wrote a piece here, even if they were right doesn't mean that they will always be right, if they were so right every single time price moved they would have been a billionaire by now, even if you start with 100 dollars, if you know every move of btc, you will turn that into a billion in few years. So that is why I don't care what anyone says, I will buy if it stays here, and I would say you should too.

Each of us do have its own criteria on when to buy and on when to sell and you're right that no one on this world would really know on where price do head up.If someone do then they would really be
billionaires as of now.

We can make our own analysis if we do think that the price cant go lower than 10k then we can presume that this might be the bottom but of course there would always a tendency for such breakout of supports.

Selling time will vary or does depend if you do set out on a specific range or target.You cant just make out decisions directly without any basis towards it.

Neither, perhaps is he basing on his technical analysis. But we all know that it is not a guarantee as well.


Obviously, not going below $10k, as I type this, bitcoin has rallied in the last 24 hours, pushing it to $10700 already, so a healthy indication that we might be entering another bullish phase, regardless if it's long or short term.


Good, on the contrary, we should buy if we have some extra money because the potential is still there, we just need to wait for a eventual bull run and see the price going to a conservative estimates of $30k.

op didnt say anything about panicking but he only talks about this moment that this can be a good time to sell because price are likely to return on thier base  . panic sell with a root word panic means to hurry , when we are in a hurry that simply means that we arent organized .

thats a bad example right ? and shouldnt be adopted by any coiners on here but the rest that you have said are fine okay to me .

What we are seeing right now is interesting, the price is refusing to go below the 10k level and that is without a doubt an important signal however at the same time the DeFi bubble is losing steam and in my opinion it could collapse during the next months, if that is the case can the price of bitcoin hold up? I think it is possible as people stop speculating with those coins they may try to take refuge in coins like tether and bitcoin.

However there is also the possibility that many of those that are currently invested in those coins decide to leave the market as they lose a fortune and instead get fiat in return and this could make the price of bitcoin to go below the 10k level for the first time in weeks.

To my opinion there is no need to sell now. The fluctuations and corrections of price will continue in the next period but I don't expect some major dump. Also, at the moment we can see slightly and slow price growth, which I prefere more than fast pump, so unless there is no need it's better not to sell. So, have a little patience and don't rush with selling decision.

Do we really believe that someone would really claim that he do make a panic call decision? No one will surely tell that they are on panic when they do make such sell

but its actually obvious that there are lots who panic sell when the market tends to go down to the bottom.We can actually differentiate a crash and a regular sell-off point.

When we do trade then its mainly needed for such analysis and buying and selling decisions will depend on you.If you do saw the price is already on its peak then you can decide
neither you do sell or just hold a little bit more.Of course, mistakes and regrets will be always part of it.


Im not really fan on tagging a hype when it comes to Bitcoin market.We know on what happened on DeFi and the possibility of things that can happen which can neither affect or not

but most of the time it wont really correlate yet price can move without the influence of these sentiments but somehow we cant really just neglect or taking aside these possibilities

this is why we do always include these things on possibilities that can happen.

There are situations when a panic sell occurs automatically and the trader cannot cancel it. If a trader used margin trading and hoped for bitcoin growth without pullbacks, then any serious drawdown will liquidate his position. Sometimes such liquidations go like an avalanche and then a real panic begins, but in fact it is quite justified. If the market crashes, then it is wise to close positions and open at more profitable levels.

Heres a rough down trend I'm looking for on the daily bars, its just representing some negative in this upper range since we gained in July and then have been cycling since.   If it is in decline and unable to pass otherwise then we should resolve downwards and lose the support properly here in order to repeat the prior action.   I'm not yet guessing especially negative action though we do have volatility imo.

https://talkimg.com/images/2023/06/12/AhfRG.png

The best guess is very often that we merely repeat the price in a range but eventually it does resolve in one direction so its fair to look for scenarios in that transformation.   At present we are above 10500 and looking to be positive over the weekend into next week, however I'll look for negativity while we stay below the 50 day average.

This is the best time to hold on as we are just scratching and preparing for the bullrun. The end will pay off for those with strong hands. 

Since we didn't pass through the wall of $12K, I am also telling my friends this.

I think that this might be just a back turn for the price to be ready for the higher goal in the next few months. The price is doing well as it hits again $11K and went down again which might just go back after some time. With the fast regain that happened, I don't think most of us sold our Bitcoin so I think most of us are still waiting for that pump to happen.

Do you think that we are before a bullrun like in 2017 ? Is there any chance that this kind of raid can happen again ?

It will happen of course because only pandemic Hinder the Bullrun.but Of course FUD will always there to make people panic and sell out.

If you are ready to profit then you must ready also to lose simple logic.

I rather risk my money than spending it totally without a chance of profiting.

What factors do you think will trigger a bull market in the coming months? To be honest, I cannot imagine it. And I do not think that the presence of a large number of holders (who did not exit during the last fall) is a positive factor - with the next rise (large) they will take profits at each peak, which will lead to pullbacks.

Of course it will but don't blame me if it does not.

If you are not confident you can make yourself this way by watching or reading some TA and checking out what opinions people you respect have about this.

It's always a matter of opinion for new investors. They ask friends, families, teachers, celebrities and so on. The people I like and respect are positive towards cryptocurrencies so I'm in.

Thanks for that feedback.

It is just a thought of mine but I am not really saying that it will hit a bull run, I'm just saying that it might hit higher price in the next months since we are having a hard time breaking that resistance at $12K. If we break through it we might be able to reach higher price and I think that is why you think it will lead to pullbacks since with that quick regain of the price of where we are right now, those people did not exit which if we make a good price, they might take that time to sell.

This is good mindset when you have btc and the price did not reach yet to what we expect there is no need to panic sell. Just buy at the price you have set and wait for the moment to sell when you are in profit. Anyone have their rights to sell when the market is in a good condition.

You said sell now or you WILL regret it? Then it could also be Sell now and you will regret it.
I'm not saying that bitcoin will achieved a new ATH this time, but I do think that it can, or maybe it can reach 12k again, Last time, it sits a lot of weeks in 10-11k and went up later on. I might use that as another hope for holding some of it.

I'm not holding it for a long time though, if some signs says that it might fall later on, then I'll be considering selling it before that happens.

   It's not the first thread about the collapse of the crypto-market. OP didn't try to be more specific does he mean about some crypto-
currencies, or he thinks about the entire crypto-market. Except that, he didn't provide any arguments for his claims, and that is something
we see in all similar topics. I don't give these topics any credit, I am buying and these topics just make me more convinced that I am doing the right thing with my investments in crypto-currencies.

Exactly,this is the problem if the person only knows about how to post the word HODL ,they tend to continue hating the idea of Selling fast without
any knowledge that selling before dip and buying after is the best way to work here in crypto.
Panic selling when there is nothing to do is not part of the idea,OP is just expressing what he think is coming and he is right,because the market
fell after he posted this thread.

I agreed with the OP on that, this is simply Sell high and buy low once the price reached certain peak or high its definitely a time to take profit while waiting for another dip to buy low again, hodlers who are not conversant with the way the price of bitcoin move might be jittery and sell in a hurry i.e panic sell, the price indeed fell or dropped down to $9800+ another dip for buyers for those who sold at $11400+ must have taken some profits while the price pumped again to $11300+ another dumped had already occurred again.

I'm assuming the reason why there is a massive dip today is because of the UNI airdropped which many of us had also hold for cash. But once all has been bought it wil eventually go up. Time to sell I guess is over. Time to just look at the chart to analyze again whether its best to sell or buy back.

BTC chart I think hasn't gone up to a level that has peaked yet. This could mean breaking that 12K by next few weeks is possible.

I agree there is no point on selling our bitcoin now especially if your aim is on the long term and what bitcoin can achieve by then, however I think this advice does in fact apply for all of those that have been investing in those DeFi coins for months and that are getting greedy and think this can last for long, bubbles by definition are short lived and I think we are slowly seeing the hype for DeFi coins to go down.

Now if this growth was based on what those coins have already achieved then the drop in the price could be mild but since everything about that market is about its potential then it is clear that a crash is coming to many of those coins during the next months.

A token dropping wont reflect in BTC price which is far larger, maybe the entirety of ETH and its ipo meta unwinding was a tide flow that had some effect but I dont think tokens are usually why we would sell at this point.
  Long term there is often not so much point selling but trading is very profitable day to day.   We've sold and revisited previous levels of volume, so we rise in the lull between each days main momentum and thats normal to see.

https://talkimg.com/images/2023/06/12/AhE82.png

As above we've kept our lower highs and despite a positive weekend pulled back in the fire of main markets full trading.    So I'd say we got a trend down over these last few months but for the last few weeks a series of higher lows so till this slight positive is broken and gives way we'll drift.   A proper sell is us returning to the blue line here, a rough yearly average but I dont think I can expect this before month end its more of a resolution over say this whole year.     I'd call it deja vu, we were something like this to end 2019 and to fight the tide just wears us out but market will try to jump the waves; overall we're higher then action a year ago but I find it similar.   I think some rest after we rose then lost the strong uptrend is normal and seen previous enough times to recognise as valid and normal.

But I think it only reflects on market conditions if a decline occurs then the token is also the same if it is the same as bitcoin, it will not be the same because with the token dropping it is difficult to return so I don't think the token is held in the long run it will be a risk great for us.
Still day trading is the best thing where we will take advantage of the momentum with a slight increase even it's our way to start with day to day profit.

Yes, especially when we know that the current increase in bitcoin is very fast and can go up and down without anyone knowing how long it can last so this is a momentum for short-term investment to be done. and this will continue and will again move up and down until it is approaching the end of the year. you analyze yourself well then you will get decent results from this fast movement.

how can you so sure that the ending year will make the price growing?
remember that last year and same as 2018 that in december we did not taste any growing prices.

So better not to expect that or be bitter.

Sell when you think it will fall and buy when it is pumping.

I already had set up my mind on things like these when it comes to price movement on year to year basis specially on the last months of the year.We have already the experience and able to glimpse on what
are the movement that we had seen in the past which might really happen on this year as well. Post-halving effects might or might not occur thats why im not really buying into those sentiments that would
be effective at the moment.What matter most is to make out profits out of these movements by using some technicals.It might not be precise but this is way better and much preferrable choice if you do
aim for short term profits rather than waiting up for something which isnt unsure to happen on.

I sell my Bitcoins in the right moment at no specific time. I'm not also a long-term holder that makes me hold it for 1 year, 2 years, or so...No, I was after any changes that might appear and I sell it immediately. But for now, feels not the right time to sell, it was too early for the Christmas bonus. Don't think about selling is regret for anybody because it was their choice and they might think that before they decided to sell. We all have a different perspective, market insights, and definitely, we have different decisions.

But above all, we are all aiming for the best.

Very well said. We all different ways of trading there are some who are into long-term and there are some who into day trade. I think there's is no right time to sell or to buy but it will all depend on our strategies for example if you are a short-term trader and you saw that the price is falling then you could probably sell somehow, on the other hand, this will be against on the desired result of long-term traders. Therefore, there's no right time to sell cause it will all depends on the time you invest.

The most important thing is that you sell it in a profitable situation, and everyone has a different strategy and whatever strategy they use to make a profit and sell it above the price before buying or owning it.
and for the current situation holding is still the right choice and be patient to generate maximum profits, and long-term investment without time limits is a good choice and to avoid worries when prices fall again and just wait for the price to rise again to reach the highest price to sell it.

Agreed, you can buy Bitcoin as the only safe way to invest in bitcoin, don’t sell your BTC as it’s low, sell on high. HODL till it reach your range then sell. trade them if you have option. Not that hard though but i'm not sure why this is so hard for people to understand. But you need to do your research and watch trends so as to get maximum return.

A thing should really had in mind on making up decisions and into these days it would be much prefer if we do deal up with the market on short term ones.

I cant really just afford to wait up for longer years just to get some frequent amount of profits which you can eventually earn even more by doing active trades.

It doesnt really matter about a specific time as you said because the right moment is on the time that you had able to gain profits.

Sell it when you're in green and buy when in red.Repeat the whole process and do your best to maintain it out, although losses cant really be avoided but
try to be profitable in the end of the day.