Bitcoin Forum

Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

8)

I used my extra money to invest in Bitcoin and that even I hold it for many years, I can manage to do it since it was out of my daily budget.

However, some investors oppositely doing this, they use their hard work earned money thinking about easy and quick returns.  They are blind to see the reality that there is no such scheme in crypto and most it happens that they lose hands and sell it even they are losing. They are just jumping into the boat not knowing where it goes.

One problem with a lot of small-time Bitcoin owners is that they've learned the wrong lesson. 2017 was like a traumatic experience to them. And despite many of them hurdled through all the worst days in between 2017 and these past weeks, they will not allow 2017 to repeat. Many of them must have sold heavily when Bitcoin finally registered a new ATH after 3 long years.

Alas, at times, history does not repeat itself.

In other words absolutely nothing has changed in the past 11 years. $0.01 is replaced by $1 and replaced by $10, then by $20 then by $200,... then by $1200,... then by $20000, then by $....

They shouldn't have bought bitcoin in first place with the money they couldn't afford to lose!

We are different people, they see this as a quick cash grab then so be it, they will not affect the prices after all, believe what you think will be good for your future. I was the same back then but I learned from the experience, although it will not be an expensive lesson as what could await them. A proper allotment of what you currently own is the only key to make things work, if you balance from quick cash grabs and long term hodl, I think that you will be at peace knowing that either way you will win.

This has always been the cased, whales and big bitcoin investors are manipulating the market.

Of course, common sense dictate that, we always need to bring food in the table for our families specially in this Christmas holidays. So this is very easy decision to sell your bitcoin to buy food.

As the saying goes, "invest what you can afford to lose."

Nice idea.

If possible bitcoin will go $1 million one day, the day is still very far, not 10 years from now because the marketcap needed for that is very high. Did you know that over a trillion marketcap will get bitcoin to just $100000, which means more 10 fold is still required to get it to such price. If more institutions can pump in more money and buy bitcoin, possibly will result to bitcoin getting to such price.

But, what I know is that no matter what, bitcoin price will ever be at increase everytime over long term period. 

Yup, that's what I do when I needed to. There's no need to wait any longer for me to hold it if I don't have much left in my pocket. But that don't speak for all of the holdings I've got. And as much as I want to sell, if I've got some altcoins that are also in profit, I choose them first before I choose bitcoin.
It's about what you choose, be the buyer or be the seller. You can be both but be sure when you sell, you just don't sell at losses or just break even. This is market, there are gainers and losers all of the time but choose to be the gainer.

Every Bitcoin investor with a little bit experience knows that the Bitcoin price is very volatile.
There might be some panic selling caused by the high price volatility,but the serious crypto traders cannot be triggered by panic.
People,who are investing in Bitcoin usually have big enough income streams,so they can afford food without selling their BTC,so your advise about selling BTC to get food is just irrelevant.

If only I have seized the opportunity to learn the complexities of trading, I am now taking advantage of trading the trend whether it be going for long or short and was able to reduce my regrets for not taking trading seriously before before this massive price increase. It's too bad that I feel being helpless for not being able to trade those rare money making opportunities.

Dollar cost averaging is also a good idea regardless of bitcoin's price.

You actually need more or less $2 trillion for $100,000 each Bitcoin which beats even the largest companies in the world by a lot so $1,000,000 each Bitcoin or $10 trillion is a pipe dream for now because you'll need to make people around the world use Bitcoin as a currency it's as if they are using credit cards or fiat money. USD has $37 trillion worth of money around the world (I don't know if this is accurate but around that or way more) so Bitcoin with $10 trillion marketcap is still nothing compared to USD.

Debatable. I believe most of the "ups and downs" are caused by leveraged day-traders who want to take their profit from the fluctuations caused by their own actions in the market. Plus don't sell. Find a job to buy food, save the rest in Bitcoin.

Hodling bitcoin is not the sure pattern to have profit. Learning to trade it I think will benefit more to someone. Although anyway way you can lose your investment both for hodling and trading but faster gains come from trading it because a daily trader of bitcoin who makes profit is better comparing just hodling.

This is exactly what I said the other day
here: There is absolutely no sense in holding on to BTC when you actually need its fiat equivalent at that point in time to pay life necessary bills  as everyone wanting to be rich differently has closest alternative to solve those problems with different assets to save your coins.
it is pretty much applaudable for everyone who HODL a pretty assets as Bitcoin because it is quite honorable when the wait affords its trust...  ;D ;D

Yeah, I got your point, investing is the best way to earn a big profit in the future especially if you invest for a long term, there is a possibility that bitcoin could rich million dollars in the future, imagine if you already invest your money right now then for sure in future, you'll earn a lot of money. Just invest your extra or saved money, instead of spending it on some other things, it would be better if you invest it.
That is also what I am hoping in the future, there would be so many investors who will get rich if that thing would happen.

There arent many reasons why I wouldnt feel the need to sell my Bitcoins but surviving from starving would makes the top of this list.   It would be nice to live off our BTC profits but this is not reality.

But other than starving I would only sell my bitcoins for medical reason if I became sick or my family member needed fiat for medical costs. 

Hoping to see you later down the road when Bitcoin is worth $million or higher.

We cannot force them not to sell their bitcoin, because that is what they needed, if they need that in order for them to buy their needs then it is okay, we should learn to differentiate our neccesities , savings from the things that we want to invest, there's a risk in trading that we cannot be sure if it will be beneficial for us in the end, do our money will increase or it will be vanish so I am not blaming people if they want to sell it, bitcoin volatility is high, if they are new in this kind of trading we cannot say that weakhands are not belong in there.

Indeed that's what I am saying, but yes I believe that bitcoin will continue to pump more even in the coming days or weeks, but we should take any signs as our own opportunity to gain the money that we want.

LOL no one will do that, human need food and water to survive. Health is more important than money, you could be a millionaire in the future but if you got disease... your money only used to pay bill in hospital, then it's will be useless.

Also anyone will always have cash in hand to buy food or pay a bills, only invest Bitcoin with your extra money.

Yeah, but not everyone is built for bitcoin trading, because will likely loss if they know how to trade in the first place that's why the whole HODL mentality steam from. And those who are selling are the weak hands, they shouldn't be buying bitcoin in the first place or at least didn't know the ups and downs of the market and will simply be pressured to push the sell button if bitcoin price suddenly went on a flash crash. But there could be newbies learning from their mistakes so from weak hands -> strong hands in the future and not going to sell unless there is a needed circumstance, like bringing food for their love ones.

its okay if small people got scared and sell because they are only small anyway and that wont make any big impact on the price of btc and you already state the reason why these small people sell , they need food to live and buy small things that make them happy and if they dont do it they will regret once btc dump .

 big btc hodlers dont need to sell for food because they can eat  but they want to make the most out of their btc because their dream stuffs are also verry expensive .

The term that you will get rich if the price reaches a certain level, for example, $ 100,000 or even a million, is useless and indicates stupidity or lack of education in the financial aspect.
Everyone has a goal and they need enough cash to achieve that goal.

Most of those who hold are afraid of investing in the real estate market or stocks or fear of inflation, so they resort to Bitcoin, but at some point, they will not sell.

Traders and investors are waiting for price fluctuation to achieve more liquidity and thus maximize profits.

It is believed that 2021 will be the reserve era for the leading cryptocurrency Bitcoin. Leading cryptocurrency receives tremendous support from investors. The gradual rise of BTC in this way is also more robust for the market. Yes, some people still tend to sell by being affected by the 2017 experience. However, the potentials of Bitcoin are now more obvious, and people may continue to hold on for a while in order not to experience greater regret.

I understand what you say but how much have you profited from this in fiat? Did you enter just to put everything in Bitcoin then? What is your plan and when you are going to find a good price to sell?

In fact which one of the early investors or the bitcointalk whales have never sold for fiat and don't have a healthy bank account? Perhaps you have millions in your bank, most people entering now with the money you invested in 2013 don't have any hope for a 200x like you did. You tell people to keep holding when there is profit taking. Is this really what we should be doing?

I also think that it is an opportunity for more investors to enter the game when the price of bitcoin falls.

Being optimistic, Bitcoin may not fall back in price to what we have seen before. It is going towards a bigger escalation. Important analysts have expressed it.

"Bitcoin will likely break $ 50,000 in 2021."

https://www.globenewswire.com/news-release/2020/12/13/2144141/0/en/Will-Bitcoin-Continue-to-Rise-Crypto-Experts-Finixio-Make-Their-Predictions.html
 (https://www.globenewswire.com/news-release/2020/12/13/2144141/0/en/Will-Bitcoin-Continue-to-Rise-Crypto-Experts-Finixio-Make-Their-Predictions.html)
A good sign has been this year Bitcoin has overcome with us this difficult crisis of the pandemic. Because we have trusted, supported and adoption is just beginning.

I don't see how that terms is stupid, we have whale today in btc that's because some of them held their btc at different price point, many people have become millionaires through holding for certain time while some people are still holding even after making so much money, to me it is not a stupid idea especially if one has the ability and capability to hold.

Food? Really? Ive made over 5000$ from just holding bitcoin, I got in at , 13,000$ and when I'm satisfied with the ROI I sold my bitcoin, the gaining is more than enough to get me whatever I want for now, now I'm focusing on altcoins as this is a good time to buy

Some people do still have money in their wallet and there's no need to make transactions with bitcoin.

As long as you still have money in your pocket then settle with that because there are a lot of thing that might happen on bitcoin's price so be careful.

Also if you really want to sell some, make sure that it will not really ruin your investment and you can still manipulate it properly. That's the problem in some people, they are easily distracted when them make transaction due to financial problems. Their investments become so our of focus and instead of making it grow, they are making it shrink.

What are you going to say to the dumpers & profit takers if bitcoin dumps from here to $10k?

Also how can you be so sure about that a million USD price tag?

That day might not be as far off as people might think. Fiat is fraud at various levels. People are finding out. As more people find out, fiat will collapse faster, and its rate of collapse will increase.



Thanks. Right now - Christmas - Bitcoin has suddenly surpassed $24,500.



I should start mining. What's a good pool? Or how do I set up my own equipment profitably?



I got in around the $200 mark. I have taken several times my investment out already.



They say that the only sure things are death and taxes.

Bitcoin is becoming more important to people all the time. You can see it in the news. Odds are that it will go up as it has been doing.

If they shut down the electrical grid or the Internet, we are screwed.


8)

Someone who gets scared by those swings shouldn't invest in bitcoin. I'd say there aren't many people like you describe, investing in bitcoin and then selling to buy food after a small 0.25% dip.

Profit is profit even big or small, it doesn't matter to me. There will be price corrections for bitcoin but it will surely be up again and traders will always get the opportunities to earn profit from it. In my opinion, if I bought it in low price then i will surely sell it at the current high price of bitcoin and look again for lower price opportunity to buy back.

I still doubt that Bitcoin will ever reach the $ 1 million price point. It seems to me that the states will not allow him to do this, even if he has such an opportunity. This reallocation of capital is unlikely to please them. Bitcoin is currently priced at $ 24,855 according to CoinMarketCap. Almost the most optimistic forecasts for Bitcoin have come true. For now, we need to set more realistic goals for the bitcoin price, at least at the level of $ 50,000. In addition, it is very important to stay at this price value and not repeat the path of Bitcoin with its fall, which occurred in 2018 after its previous price increase.

That's why technical analysis is important, if you know how to read the price chart, and know the basics of trading, getting scared will never be your option whenever the market is having a huge swing or reversal. In fact, having a huge uptrend and downtrend could give you profits in exchanges that offers like what Binance, Bitmex, Bitamp have, so on and so forth exchangers.

Price prediction is exciting to counter your fear in every pump and dump. Use it as an advantage to increase your savings, not to lose it because you're panicking.

You are very very wrong. Zoom out. All the HODLers who bought everything from 2017's ATH, and dollar-cost-averaged to the 2018/2019 lows have made their profit, and will continue to make profit.

It takes a lot of time to use cash with Bitcoin Many countries do not use Bitcoin and have no knowledge of Bitcoin. However, most traders prefer to invest in Bitcoin rather than cash. They keep their Bitcoin wallet for long-term investment to make more profit if the price goes up. Currently Bitcoin is in a much higher position and there is an opportunity to reach a better position. After a long time for cash need to convert to fiat currency. The demand for Bitcoin as a currency is much higher.

use cash with btc or btc used as a cash alternative ?
 its not the country that uses a btc but its the people but the ruler of the country can controll if btc is going to pass its standard or no but knowledge cant be control by governments. 
knowledge can freely be acquire online and they can learn btc without the need of using it only for the sake of curiousity .

trader invest in btc because they cant invest in cash but what are they going to earn with cash. if only it was bitcoincash they will earn  .

As if day trading is an easy task. Yes, trading will give you good and fast profit, but would also give fast and bad losses.
Hodling Bitcoin is less risky than trading, and hodling is a sure pattern to make good long term profit. Did you know how much Bitcoin was priced in 2016? If you do, then tell me it isn't a sure pattern to make good profit.

These is true as I have heard of people having bitcoin in their account but starving or finding it difficult to pay their bills, they always believe having bitcoin in their wallet and definitely in future the price of bitcoin will continue to increase. It’s good to have bitcoin in your wallet but I wont advise anyone to use the money they can’t lose to buy bitcoin.

In my opinion many sell their BTC based on their  requirement I agree that there are many of those who sell it when they see some descent profit especially the day traders apart from that I don't think others don't sell unnecessarily because they know it's a million dollar asset in couple of years, and yes the big whales make impact to dump the price so that they can buy it in cheap.

The price can go higher, thats really possible however be certain on your limit. Its fine to take profit at times and enjoy your earnings, thats the reason why we're investing right? If you can wait longer to witness how far the price can go and you're willing to take risk the money you invested then forget for a while the market and come back after few months or years, it depends on you.

Nevertheless invest the money that is not meant for important things and you can live without so there's no need to panic or be in hurry to sell just because you dont have food to eat already.

 :D :D :D Total true its happen to me like any single time i need money to buy food and pay the bills but in the other hand i need to Hold to make profit and bounty hunter like me is hard decision to do  ;D

Thats the market rules, nothing unusual. People that afraid will market will panic sell everything

some people are worried of price fall.....many of us have been in the game for 10 years. 1000's times during past 10 years we have heard that price may fall and lose everything but as time goes BTC crosses 1,2,3,4,5-digits and will (with 99% certainty) continue to grow in value especially now when it becomes so popular wordwide. as some people would say "what if it falls to 10K"? Nothing. wait a bit it will regain and beat last ATH again. No one can predict what will happen in 10 years but as of today Bitcoin is the best investment you can think of. Anyone can offer better investment idea by the way? We all be very happy to hear :)

Taking and selling your Bitcoin when emergency calls for will not matter about profit or loss, you can sell it off at anytime to handle inside emergency, Bitcoin is always here, and its for those that breath, and I don't think there is any money you can say is meaningless, investment money is hard earn money, you put-aside for investing so its still money and will solve financial problems of its amount when other ways for getting money for problem-sake, fails.

What if the price falls? Some will be happy while others are not.
If you wanted to buy back again with Bitcoin, you will probably be happy when it dumps. Because for me, I have to make a sell off this time.

It is to realize how the market falls last 201 and it can be possible to happen again. If we make a hold this time because we don't yet need the money, there is no wrong with that but we should be cautious in every market change, dumps can't also be predicted. I was anticipating it first rather to feel regrets just like in 2017.

We all want a large profit from Bitcoin, but don't let investing in Bitcoin use a daily budget or borrowed money as capital. Always use
the money that we can afford to lose, or extra money that we have as capital. That way when Bitcoin experiences a bullish trend like now,
we can keep our Bitcoin holding and hope the Bitcoin price can go up even higher. Without worrying, the Bitcoin price could fall at any time,
because if that happens we can calm. Because there is no need to cut losses, and we can wait for Bitcoin to recover.

Its just dumb for you to hold like forever if you don't have something to it and just focusing into your investment to grow.Its just not on someones right mind to have that kind of behavior.

Sell when in need of food or in need of expenses and don't regret on getting those you had invested even though it might really be decreased up but still nothing is important other than
survival.

Some people do make out investment with their extra money and some do go all in and we can really tell the difference among the two regarding on the actions
that they had made.

Profit is the motive, and if our greed is the only way to force all of us to HODL, and have a fall back/back up in case the government can't control the monetary system anymore, THEN OK! HODL!

This might sound bad but I feel pity for the investors who put their trust into the so-called analysts who said that Bitcoin will go down to 0 or Bitcoin will go lower throughout the years. I feel pity for those investors who followed this pessimistic analysts.

Now we are seeing Bitcoin pushing its price towards the $30,000 although we saw a small correction right now. TBH, I didn't expect this to happen. My year-end prediction is $15,000-$16,000 but it didn't happen. Many didn't expect this price movement of Bitcoin. Just hang on with the Bitcoins that you are holding. If you are capable to add more then do it gradually. Just don't starve yourself like the OP has said :D. Balance your investment and your lifestyle still.

Now the situation is completely different. There was a lot of hype on the internet in 2017 as it was a breakthrough for Bitcoin. Many had bitcoins on their wallets, and did not particularly follow them, and then the media environment was filled with news of a sharp rise in bitcoin. In 2017, there were few prerequisites for believing that bitcoin would go above 20000$, so many owners sold all their bitcoins at the peak of its price and did not buy bitcoins again in the following years. Now the situation is completely different, more and more institutional investors invest their funds in bitcoin, the largest companies accept bitcoin as money, so I believe that the price of bitcoin will not fall below 20 thousand dollars, you can safely buy bitcoins, since everything preconditions indicate a further rise in its price.

I will not really starve myself to death for the sake of bitcoin profits.

If you have discipline and priorities in life then probably you will not end up losing most of your money in your personal needs.

Bitcoin is only an asset that will make you earn profits depending on the market so don't think that it will really help you when you have nothing to spend as soon as possible.

Yeah holding bitcoin will need a solid trust of bitcoin itself because if you have no full trust to bitcoin then time will come that you will be afraid that bitcoin price will go down pretty bad even if it is only decreasing a little and this will only create a confusion to you that will push you to sell your bitcoin holdings in a wrong timing.

If we are going to check the market, there is only one goal of bitcoin as of this moment which is heading to stars or others saying go to moon. If we are going to check the price in last bull season, the alt prices are still at 70% of their ATH and as what I have notice only bitcoin has been able to successfully break it's ATH again and again so there are still big chances that the bitcoin price will continue to increase as I can see that we are still very far from hitting the peak of the market.

Ultimately it's the whales who will emerge as winners and moreover most of the users don't aim for long run as they need money to meet their daily needs, big investors uses this opportunity by causing minor fluctuations and buy back from panic sellers before Bitcoin goes to new ATH.

We cannot blame anyone in this situation as everyone wants their investment to be profitable which is not possible as somebody's loss is other person's gain here especially between average users, traders and whales.

That is certainly why we are always saying that only invest the money that you can only afford to loose. If you know yourself that you are into a situation that you will end up starving once you have putted your money on hand upon investing into Bitcoin and it just turns out that the price declines after your engagement and resulted to loss and disappointment on your part, then probably it is your fault because you risk the money you only have for a living. Only invest your extras and those that you can afford to loose. It is not certainly a blame for those small time Bitcoin holders but this must serve as a note that only invest your extra money and not all that you have to avoid pulling out on an instant and missing the chance and opportunity to see Bitcoin's recovery that can benefit you more.

Bitcoin has already broken its ATH record and set new ATH for $28,288.84 on 27th December. Selling Bitcoin if not urgent need isn't good idea for now. Everybody is expecting to see its price over $30k. Bitcoin dominance (68%) is  increasing and also marketcap hit $520B but today is a small correction in the market. It's temporary i think.

It will increase more than $28k in the future, and it will not stop at that price.
But we need to wait for more, especially at this moment because we do not know when the price will increase higher again.
Yes, it is just temporary, and after this, the price will jump to a high price and will break $27k and back to $28k.
After the price can back to $28k, it will have more chances to hit the next ATH, and at that time we can make a big profit like before.

^^^ Did it get to $29,300 today?     8)

So true lol, they don't have any impact in the market. What we fear is if these institutions are selling off. These will impact the market for correction and of course those who buy at 28k to 29k level will get trap and definitely loss significant amount.


Yes, it reached another ATH, see coinmarketcap (http://coinmarketcap.com)

We cannot really claim that they are idiots since the value of bitcoin is still rising continuously. If they bought it having a high price like right now, they may not gain much but will still make profits from it, just not the same with those who bought it earlier or before the bull run. Who knows how high the value of bitcoin might be in the next few months or years, maybe those who bought it at 27k would still be happy as it reach 40k if ever in the future, so let us not be judgemental with their decision making, maybe they are just being wise.

It is not easy as it seems. Increasing the market cap from $0 in 2009 to $500 billion in 2020 is easier than taking it further to $10 trillion. You need to remember that even now, Bitcoin represent around 0.15% of the total global wealth. And Bitcoin is hardly being used as a currency nowadays. So the comparison with USD is wrong. You can compare it with gold, as both of them are investment assets.

Recently I saw someone telling everybody to hold until $100k and not sell at all right now. The problem regarding this statement is that if everybody starts holding until it reaches a certain but and the selling rate spikes then we could have a bigger problem at hand. So, it is better if people do sell some of the bitcoin but not in large quantities.

The best strategy to secure your daily needs and also your future, sell some and save more, get yourself decent food for the day and then you'll be getting better food in the future, getting yourself some coffee at Starbucks won't be a problem.  8)

Many people have different perspective via marketing and also business strategies, I understand that while some people sale off their bitcoin is not because of the profit involve alone or due to the increments in btc currently no, see some are afraid or scared of reduction of bitcoin, which as a business enterprenuer they not interest to involve in lost aspect of business.

It's down more than a $thousand from its high. Maybe I should quick sell while I have the chance!!!

 :-\ ???

Taking profit when we have got profit from our investment is a good thing to do, at least it will give more comfortable to start investing again. But, when we already know because we believe 70% in your strategy that to sell our investment now is too quick the price still have a high chance to increase more than now then to decide keep hold our investment is a good thing to do as well. So, this is depend on our strategy, you can sell or you can hold base on your strategy, don't make any decision depend on other people analyst. We have seen many situation when bitcoin price drop a lot then in a few time its price suddenly increase and pass its high price.

Some btc hodler's within our country are already millionaires if they at least kept 1btc. The sentence that I have kept in my quoted message is what I'm always telling others on what they can do to their savings within the Cryptocurrency Industry. They are always panicking about something like price drop or losing value but they need to trust their own guts and decisions whether what is the best thing to do for their own satisfaction. Our personal necessities must always come first if we want to survive so this is a good advise.

Yes, many people are recalling the 2018-2019 bear market now.  This was a major shock for those who were optimistic about Bitcoin's prospects.  People are scared.  

They don't believe in Bitcoin's growth and are waiting for a major correction.  

In my opinion, in this situation you should not panic.  

We are currently seeing organic growth in bitcoin.  Fiat currencies are losing their value, which is why institutional investors turned their attention to Bitcoin.  

The world needs such a deflationary financial asset.

Bitcoin's volatility is a scary thing but what's more terrifying is the fact that the whales has the ability to influence its price largely and if they would turn out more and more selfish, those small people with a bit of holdings might end up suffering. If you're one of those little people, you should hope for the best that most of your decision will lead you to greater heights or even get you near from the whales. Bitcoin's value is currently growing up until now and it's no surprise if it wi reach much higher than what is expected in the future so hold on tight and you might end up being a billionaire easily.