Bitcoin Forum

Bitcoin and other coins dropping a LOT today... what are y'all thinking here? Buy, sell, HODL?

BTC has dropped and bounced higher than this just last week..
I'm not worried , I'll just ride it out,.
I buy low sell high. not the other way around.   

Bitcoin is pretty much stable this weekend, with just a slight decline.

I'm waiting to see the market conditions tomorrow, in a working day, and plan to buy a small amount if it dips under $29k.

From my research and d experience am having currently I will suggest you sell off your bitcoin and wait till dip more to buy back again, currently bitcoin is stable around $31k to $33k and bitcoin can go side way now, Bitcoin can either pump or dump!!!

Please don't sell as of now, right now the market is fluctuating in the value of Bitcoin has reduced which might bounce back again just like it did in the past where in a dropdown before reaching $40k, if you are made a good amount of profit according to today's price then you may go ahead and sell it off if you want to stay there and not bothered abot further profits. Else I would request you to hold on until the value surges again which will happen sooner as there has been no negative news and rather news of new institutional investments are trending which will surely push the value upwards.

I sold some percentage of my BTC.
Take out the profit/investment or a percentage of your holdings (e.g. 25%-50%).
... and split that usdt proceeds from the sale again e.g:
33% btc buy order at 25k
33% to buy a main altcoin
33% holdl usdt for any case or spread among some low cap alts with potential

Looking deep at it, Bitcoin has been stable and had given much space for some altcoins to pump. These are still bullish signs which will play out with patience. Whatever you are holding, make sure you made the right choice and take profits, at this time all good projects are doing well.

For me I would do buy and sell since it's best thing to do in current market condition since holding at this point can make give us slow profit. Remember we are still what we call peak so any danger came from that might give us huge loss, but if you can able handle the pressure and have lots of money on bag then maybe try to hold on who knows we can see a huge price increased this year and you will earn more huge from it.

Depends on you because we do have our own decisions when it comes to this, some might be buying out those coins that are cheaper or some would just wait for a little
bit more lower into its price before re-entering.This is one of the hardest situations on pointing out which one is the best time to get in.We do need timing and a little bit
mix of luck when dealing into this market. Buy,sell and hold? If you are a holder then it doesnt matter on what price you do go in but if you are a type of investor
or trader then you would definitely be serious on shorting out those prices in a short span of time.So this will vary into each person on which one he would chose up.

i expect altcoin season will come when i see btc dominance charts which going decreased at this time. So the plan for me is to swap bitcoin and try to accumulate undervalued altcoin which have potential to show their potential price.

yes today bitcoin and altcoins are experiencing a correction, of course this is a good opportunity to buy,
if you haven't bought it, but if you have bought bitcoin or altcoin before the correction occurred,
then you have to be careful, use stop lose mate to reduce risk.

Looking at the current situation, you should monitor it seriously before determining which coins you will buy. If for the long term, buying bitcoin at the current price, it does not matter, because bitcoin will always  provide a new price in  the future.  But I also can't  predict for ethereum,  whether it will continue  to raise  its price or fall, because  ethereum price is already very high. Maybe you need to monitor it first to get into other altcoins. To wait for the price is a little lower.

Depends on your position, plans and goals.
If you are like me and already have solid amount of crypto, then sell when you are in profit if you need money and HODL as long as you can - Bitcoin is here to stay, and it's price right now is irrelevant comparing to what it was a few years ago and what it will be in a few years.

Yes, it depends on you goal, I will speculate that most of us here has the HODeL mentality, so yes, buy low and then let it sit in your wallet for the next year or two.

I can't say that though for day trader or those who love to short Bitcoin, could be effective for then to buy at the dip and sell when they have like 5%-10% profit, then rise and repeat. So there's no right or wrong approach, it all depend on your goal and how everything fits your trading activity.

hold on for the long term, don't let the downturn affect the emotions to sell cheap, if there's more money I'll buy some Satoshi. because to be honest I'm personally too bad at day trading for bitcoin.

There was intraday amplitude of ~6% but the day closed up as a spinning top doji. In fact, BTCUSD closed green for the day.

There's clearly a lot of fear in the air, which is why these moves feel big. Everyone is on the edge of their seat, worried BTC will crash. Yet another sign the bottom is in, or very close.

There could be one final capitulation left in store, which I'm sure would snap the market back upwards like a rubber band. Go back and look at the week of July 17, 2017 to see what I mean. Any dip to new lows will be bought hard.

Do you really asking this ? there are only 2 things on that choices and not added is SELLING because on this season we only need to either BUY more or HODL.

if you're going yo sell then consider to be a Loser forever .

Sell coins when the value is Growing never when it's falling.

Depends on how much you can wait. In case you can wait for another 1-2 years, then you need to hold on to your coins. On the other hand, if you were looking for short-term investment (such as 3 months or 6 months), then selling at least some coins at current prices ($32,000 per coin) won't be a bad idea. There is no indications that the institutional investment in Bitcoin has come to a halt. They are still going ahead with their plans and pouring their money in to BTC. But the recent statements made by Janet Yellen has made at least some of them cautious.

I think what most people are expecting right now is a repeat of 2017. At first Bitcoin topped ATH at $20K, then next month ETH topped at $1400. And later on alts went crazy and topped, and then later on everything crashed.

It seems we are at Stage 2 at the moment where BTC might of topped and ETH is pumping. So if ETH goes to like $2K and then all of a sudden coins like EOS, ADA, TRX go up 25% everyday, you can assume then that $42K was the top and we might start another bear market.

However history doesn't always repeat itself, this time it could be different.

Shitcoins (aka the "other coins") are always dumping no matter what bitcoin does. They simply don't have enough demand that can sustain any rises they have. For the past couple of months they have also been dumping but since people mostly check shitty sites such as coinmarketcap and they report prices in USD and bitcoin USD  price was rising, it created the illusion that those shitcoins were rising in price!

As for bitcoin itself, currently it is time to buy. Anything below $35k is a good price with the risk of losing the chance to buy cheap diminishing the more time bitcoin stays above $30k.

Bitcoin is slowly breaking downtrend when you view the daily chart using MACD indicator. Most probably Bitcoin will make again another significant move such as pump since the price already correct. But its important to wait first for the confirmation of trend before you decide on your move so that you will not experience loss when fake out happened.

You're fast forwarding through the entire 2017 bubble. You left out the whole ICO craze of Q1-Q2. After that, the Segwit/Bitcoin Cash situation was resolved and all attention flooded back into BTC during Q3-Q4. Then ETH, XRP and others (just like in 2013) had their final short-lived orgasm in January.

Remember, BTC broke above the 2013 ATH in January 2017. The bubble popped in December, or January 2018 depending how you define it.

By comparison, BTC just broke above its 2017 ATH last month. You seriously think the bubble popped already? No way.....


Bitcoin should be going up 20-25% a day at the top. That's how you know the bubble hasn't popped, because BTC hasn't even gone parabolic yet. It's crazy how bearish people are, but I guess it should be that way if we're going to get another 10x from here.

Bitcoin fell to $28k on January 22 and recover to $34k in the next day, the lowest price yesterday around $31k and $33,7k as the highest today, what's is the conclusion? it's a common thing to fall and rise in the bitcoin market. What to do whether to buy, sell, or hold depends on your role/purpose, if you are a day trader, the best thing to do is bought bitcoin in 22, sold in 23, buyback again in 24, and sell today. If you are a holder, no question about it, keep buying and keep it safe until bitcoin reaches your target, probably $50k, $100k, or $500k.

I don't think too much about the decline in bitcoin prices, we don't need to panic, I still see the market is in good health, it will recover after 30k and it will slowly increase to higher levels.

My goal is not to sell too fast. This is still a small correction and I will hold on to normal prices, this year will not be before history will repeat itself in 2021 but I am optimistic that bitcoin will remain the normal price afterwards.

It seems to me, too, that now there was a correction and the price begins to recover... Maybe we will not see ATH soon, but sideways price movement and accumulation is quite possible...
I hope to see altseason with such Bitcoin movement! :D

Quite hard to buy at this moment knowing that the market value is still high and we are not sure yet whether the market price will stop falling at this point. The lack of assurance is what making it necessary to think as many times as possible. What's best is to wait for now before making an action. Whether to sell already or hold for a little longer depends on your tolerance with this market as an investor. So if you feel selling already to avoid lower profit eventually then do if you must. But if you think there will be an uprise, then holding would be better. Bottomline is difficulty to determine what will happen next since ATH was already reached and if things will be the same as with what happened before.

This three point of important of the trading. Buy,sell,hold.
Most of the people do lik is three points. If price will be low that time you buy the bitcoin. If price will be increased that time sell the bitcoin. If price going down that time you hold the bitcoin and wait for the price increase.

These 3 have their own uses and time to use them. It does not apply in all crypto since some are not worth buying, and others are not yet good to sell or not worthy to be hold. It requires us to learn when and where to apply them to be able to gain profit in this too volatile market we have. But if our goal is really more on short term process then this 3 can be done with much less risk.

2017 summer was the bitcoin cash and segwit situation, the sad part is we are in a situation where even though we have segwit we still pay a lot of fee and we are still sending in 30 minutes to 1 hour. So there is a bit of difference right now, which means we need to first figure that out, by this logic we are going to move to lightning network or something like that to make sure bitcoin is faster and cheaper again.

Look at it this way, we were much worse than this without segwit and paid the same amount of money and same time frame to send, now we have segwit and still the same problem, this means THAT much people joined the crypto revolution since those days and we have much much more transactions nowadays. If we can go over that, we can go over to the real all time high just like the segwith-bch afterwards in bitcoin, but if we fail this, all of that suddenly becomes unimportant.

One can see OP is inexperienced. Unless you want to be a short-term trader, you shouldn't care about these one-day swings.

If you have Bitcoin, hold. If you don't have Bitcoin or don't have enough, buy. And then hold. The people who have made the most money on this forum are the people who bought and hold. Hold, hold and hold for a long time. The longer you are able to hold the more you will earn.

Simply buy every month as much as you can afford and still normally live. Do not bother with price. One month will be higher other month will be lower. On longer period of time it will even up.  This is by far best strategy to buy Bitcoin.

I'm seeing a lot of exchanges adding Lightning support. Kraken and Okex announced rollout in the coming months. VBTC just opened up Lightning withdrawals today. https://www.coindesk.com/vietnam-bitcoin-exchange-lightning-network

I believe exchanges are now feeling pressure to implement Lightning, and we're going to see a lot more of these announcements this year. Given how large of a transaction load exchanges add to the Bitcoin network, this is a big deal. I could see the same sort of hype building behind Lightning in 2021 that we had behind Segwit in 2017.

The market is red and is not a good time for sell, everyone knows that, except you want to cut loss and try to recover your assets but this is also dangerous, because not 100% will be recover, so The best way is Buy for sure. And if you already buy at a high price, so Hold it

I agree with the pressure thing but not from us, from other places that uses it. If there are not exchanges that use LN that means nobody needs to change neither, exchanges could agree together and just not implement LN at all and continue to rack up profit from the segwit withdrawals which charge so much money for as well. They wouldn't care what the customers are saying or what they are requesting because no other places has LN neither so why should they stop making profits from withdrawal fee's?

However if other places start to add LN as an option, that means places that do not support LN may lose customers to places that has LN and that is why there is a huge pressure. If one place has it and everyone starts to go there because of it, that means other places will be forced to have LN as well in order to retain and get customers.

Combination of all three, the price is still stabilizing after the great rise and uncertainty remains at which level is correct.   January is typically a pull back month and it might be a stronger trend suceeds later in the year.    Near term I see the price as sideways with profit taking and ongoing speculating still occuring in a cycle where each is the dominant swing.   Today the price came back to the 50 day average again for example but did not make a new low hence is relatively positive while nothing close to the momentum of buying earlier in the month.

Exchanges are all competing for the same pool of customers, who want cheaper and faster withdrawals, as on-chain Bitcoin fees rise. The largest exchanges could try and collude, collectively refusing to implement LN, to prevent the need to respond to that demand. But that's unlikely since the exchanges have never acted as a cartel before. No reason to expect them to now.

Bitfinex already implemented LN. With Kraken and Okex bringing LN online, the cat is out the bag. There is no way other exchanges can stop it. They can either step up and implement LN themselves, or they can fall behind and become less competitive.

If we look at the price of Bitcoin which is still stable and hasn't dropped below the $ 30k support price, I choose HODL for now. Unless finally
Bitcoin suddenly crashed and dropped its price below $ 30k, I bought more Bitcoin. Then for the selling target I wanted, was still far enough
away to be achieved, I set a target at the price of $ 50k to sell my Bitcoin. Hopefully this year Bitcoin can actually hit the price of $ 50k,
so I can get the profit I want.

Just read this news https://cointelegraph.com/news/bitcoin-made-up-97-of-total-crypto-inflows-in-2021 .Most of investors right now tend to collect bitcoin as much as as they can when bitcoin price drop comparing to sell their bitcoin when its price try to decrease. Also, your statement maybe wrong because bitcoin price is not drop drastically as you think. You can compare with the increased price movement a few days ago, its price just decrase $14.000 from its all time high, which mean there are still many opportunities to increase more.

I count price action above the 12hr average (https://talkimg.com/images/2023/06/12/Aro6Z.png) as having potential to push positive overall but right now BTC seems a bit lethargic and below 2 day average.   Its not quite got the momentum at this moment and might need to build further by losing sellers in a shake out.   Selling can be exhausted in the same way buying tops out in peak prices also, more work to resolve direction into coming months.
   Not sure if Chinese New year would be an influence here or not in lack of activity or any pickup even.

I also choose to hold my bitcoins while bitcoin's price is currently in the range of $30,000+. Then grab the opportunity of buying bitcoin when its price started to decrease, instead of panic selling because there is a high chance that bitcoin will increase more than $40,000 in the Q4 of 2021. Therefore, it's better to buy more bitcoin while its price is still in the range of $30,000.

Today that the price of the bitcoin is playing around $30,000 to $34,000 I can say that this is the right time to buy for those who want a short-term investment. Although the bitcoin is very pricey right now still the price was part of the correction, when you buy right now and bitcoin pumps up again over $40,000 then you got your profit already. Right now I already sold all of my holdings bitcoin and I am also planning to buy bitcoin right now just for a short-term investment when I got a small profit I will sold it again and wait the price to dump.