Bitcoin Forum

If Bitcoin is the new digital godl, and going to reach crazy 100k, 300k price predictions then why are people even selling right now? Why is there even hesitation around 40k?

godl? really dude???

Because..

1. not everyone agrees with that investment thesis.
2. a lot of people's opinions can easily be swayed by FUD and by price drops.
3. a lot of people are impatient.
4. a lot of people don't even know what Bitcoin is, and why they're investing in it.
5. price rises are NEVER guaranteed.
6. maybe they need the cash.

The list goes on and on and on..

People are selling for different reasons, some might be selling to pay bills, some sell when they feel they must have made gains.. There are different parameters to be considered if you so wish to know why everyone is selling and be rest assured everyone can't be selling at the same time as some are selling others who know the importance in holding will definitely continue buying and they could be the lucky ones to benefit off the proceeds of $100k-300k as your interest is on this note.

And be content with the fact that some people's reserve is btc...BTC

If you look back at 2017 and see the new high bit coin reached and the fall it took in 2018 ,only to rise to these unheard of highs we have now , you can see where a lot of folks ,being a little conservative may have set a goal at a price to sell.
Different game plans for different folks .
My friend is a slot machine addict ,he loves the rthrill of taking a chance .

Looking over the different posts you can see so many different opinions .
The one thing that never changes is that you never invest more than you can afford to loose !

People who own bitcoin will be very happy because they only need to sell 1-10 bitcoin and they are making a lot of money, and bitcoin will be the important thing for their life.
They will sell their bitcoin now is because they want to make money from bitcoin. They believe that bitcoin price can be more than $100k in the future, so if they can make money from now, they can prepare for the dips which can happen anytime, so they will have a chance to buy many bitcoin with their profit and hold it until the price can reach more than $100k.
I do not doubt that bitcoin will be around $40k or more than that price because bitcoin price will not just stay at $40k, although bitcoin price now is down at $35k.

I don't trust the analogy of Bitcoin as gold. I don't understand why, exactly yet, so I will just throw this out there...

-Gold is different from Silver
-Bitcoin is not very different from Litecoin

(just trying to take in the long term bigger picture)

It is not.
Bitcoin is a currency so if anything it is the uncorruptible decentralized dollar with a supply cap which makes it deflationary too.

There is nothing crazy about these prices for the limited supply global currency.

Because these "people" are day traders that are taking their profit after a 55.5% profit they made over the past 7 days starting from last week's correction when price had a very similar drop but that time from $34800 to $27700 (another 20% drop).

lol, too late! We'll have to hodl godl now.

Bitcoin is dead  :(

You mean guys, Gold not Godl?  :D
For tinopener, I think you are sarcastic. This small dump makes Bitcoin dead again? I don't think so. A lot of people are willing to buy at $3x,xxx region. I also bought some Bitcoin with these recent dumps.
Bitcoin is extremely volatile these days, not compare to gold which for me got the less volatility.

 Guess it's because it isn't digital gold, and that's why it isn't going crazy. Heck even if it was, I hardly doubt it even would. And again, predictions can freely be made by anyone, so why the hell are you basing the popularity/adoption of Bitcoin based on what others predict on it? Anyone can predict after all, and even if predictions have a basis, in the end, it would all end up to what you want to believe, so I hardly doubt it could be a factor to people actually joining in.
Because they want to, they could profit out of selling right now. It's quite stupid, to be honest, to think of the movement of humans quite simply when in the end, each of their moves is quite selfish in itself. Even if someone was bullish of Bitcoin, they would still sell if needed to profit off of it after all.

Slow but sure. I do not think bitcoin gets to $100000 right now is a good idea. There are, actually, many people who do not know what bitcoin is and how blockchain technology can affect our life. Time is needed for them to change their mindset and also for bitcoin to prove that it can replace the monetary system

And right now, it is sad to say but many investors can easily be impacted by the FUD as well as FOMO. If a destructive FUD is created, many of them will sell their bitcoin hardly which make the price surges dramatically. Volatility is always there. We need to get rid of it before thinking of bitcoin as a digital gold

Dont forget that the Bitcoin FIAT price cannot keep going up, there will be corrections and pull backs.
This will continue to happen.

Also remember that there are still traders, and will always be traders. They are in the business of buying
low and selling high.

So today we have to have the mindset that Bitcoin is on SALE, grab what you can at these reduced prices!

Users are making this mistake a norm likewise with the word "hodl". Not sure if that speaks for sarcasm but I have no problem with that.
Simply because there 's nothing supporting that claim. Bitcoin is indeed a promising digital currency and investment but that won' t remove the idea that its market price will not continuously increase as years are passing by. There's no consistency and that gives doubt to many investors or user to whether sell or still hold at this point. Anytime, a price correction could occur which is feared by most of us because profit could be easily swiped at the moment. The price could again increase, that's correct. But no one knows when will be the next uprise after that which makes waiting quite of a pain.

No not really, it did not even reach 50K$ but actually a good market for bitcoin. However, I do.believe that it could reach to something like that in the future. We all know that bitcoin is global and that is one good thing about bitcoin with so much promising form of an asset, as an investment and at the same time as a digital currency.

Your prediction is crazy, (not Bitcoin) who will take the risk, if people buy $30k and sell $40k, it is commonplace, for example, now down to $34,322.

What if you bought it when the price was $34k, do you have to wait for the price of $30k and sell it, silly isn't it.

Back to topic.
• What if Bitcoin drops again to $ 25k, doesn't break the $ 100k level as you said and you have bought at $30k, what should you do, of course, risk a 5-inch hammer stuck in your head, that's for sure.
Nowadays what a lot of people do is trade hourly and daily, buy when it is cheap and sell when it rises a few percent, done, that's the best you can do, if you know it.

Because most of peoples buy and sell Bitcoin on the exchanges is a trader, they didn't hold too long... they will sell if the earn some profit (1-5% or based on his goals)

Also possible those who sell Bitcoin is peoples who buy Bitcoin on old ATH (20K) and afraid of 2017-2018 when Bitcoin dropped to $3000 and alt season begin. But well, this bull run is not same as 2017-2018... soon Bitcoin will be recover and reach $50K ($100K seems to far right now)

This is a massive prediction, it can reach that value but will take a lot of time. I don't think we can say bitcoin is the digital gold because it doesn't offer the one thing which is stability.

Not everyone longs. The fear of 2017 bull run which was followed by a long bear market has turned them into selling at this peak. You didn't expected that a dump would be followed after it has doubled the past ATH years ago? It is an obvious scenario that a dump would actually happen and people will turn to get their profits.

But you see the price is still up by $33k-$34k. It's not even a month ago until we've reached $20k or the past all-time high. They're not hesitant for $40k, they just like to take profits and this usually happens. As for me, I'll hold and go long.

Having a wishful thinking is one aspect but to believe that the price would cross $100k and $300k the price might reach those valuation if you have the patience to hold the coin for the next decade as you cannot expect the price to rally all the time. Even right now the price has jumped multiple times than its old all time high valuation.
The rally is not always a one way traffic, so expect a correction once in a while :P.

Will be possibility cross above $100k until $300 depend how effect from world economic and looking how many positive tweet or respond with bitcoin than negative respond, we know some time many bad news coming from world global they wanna make people and investor panic when tweet with bad news about bitcoin, but some time always have any drama with bitcoin and altcoin how to make price dump and many of them wanna get good price for buying bitcoin or altcoin.

The reality is that, even gold is sold, that's why. People must think that everyone buys gold all the time and they never sell their gold? Because even gold is sold, which means bitcoin will be sold as well. Plus things do not become what they are in a day, if bitcoin is digital gold and we are going to reach 400k+ levels to equal the gold marketcap, that means we can't have it tomorrow, we are going to have that in maybe a decade, so why rush it today?

Lastly there are tons of people who do not believe this analogy, they think bitcoin is not digital gold, they buy low, sell high and take out their profit and put their money into something else. I have a friend who bought bitcoin from around 700 dollar levels, and sold at around 11k and he put it on regular bank savings interest account, dude never really believed in bitcoins future at all, just wanted to profit in fiat.