Bitcoin Forum

Bitcoin price is dipping!  Sell into cash now!  When I got up this morning I noticed all coins were starting a dip on Coinmarketcap, so I went to my trading accounts and sold all my Bitcoin into cash.  When the dip bottoms out I will buy back in, but I'm not about to lose my profits I have gained this past month!

SELL NOW!!!  Help the prices crash the PHOQUE out so my gains may be even greater!!!  And yours too, I guess.

That will be a very long sleep, bitcoin that was at a price above $58,000 before suddenly crashed to a price above $55000 and then later crashed to a price above $53000 which is currently at $53600. This can be the support level as it has been hours now since it was at this price. Even if it crashes the more, likely not to decrease below $50000 as there will be a strong support at this level.

Price is not 'crashing'... It is simply returning to the previous normal of moderate price rising and falling in waves. Panic selling just because there is a dip in exchange rates is the worst possible thing for anyone to do!

Yes the waves are now up & down several $k but the percentage of rise and fall is still rather small and that is what matters the most. When there is a significant dip that is the time to BUY, not sell.

This is a wrong way to practice trading crypto currency lol. Bitcoin was at the top for several days, with hodlers having different opportunities to take profits; and be in good position to save and wait for the bear market; but instead here you are panicking and spreading fud about bitcoin. Early this morning; there were convenient increases and prices of tokens; and you should learn when to sell or buy too.

To conclude; the bear is not here yet, thats just a flash dump; to remind you that stop loss helps and you are responsible for whatever happens to your tokens

Agreed, there was a strong dip and in some exchanges the price went below 50k for some time but as soon as that happened many people came buying all the bitcoin they could and now the price is at 53k.

People need to stop panicking so easily, I know that they want to make profits but this is the bitcoin market where we have seen way worse dips and crashes in less than an hour, anyone that has been here for years must have gotten used to the kind of movements bitcoin makes from time to time, if anything this seems like an attempt of the whales to shake up weak hands and get their coins for cheap before another important increase in the price.

It was about time!

But we will not sell... we will buy more when! At least this is what I'm planning to do. I will be one pleased person if Bitcoin drops to $34567 because then my waiting orders will be executed.

Lol, seriously.  That's about as noob of a move as you could make.  If you think that bitcoin is still headed upward, the worst thing you could do right now is to sell when it's down somewhat.  Now would be the time to "buy the dip" if you believe in that strategy, and I happen to think that's all this is--a dip.

And not an unexpected one, either, given how fast bitcoin shot up past $50k.  The law of gravity applies to all things, including bitcoin's price. 

Yep. Coinbase briefly hit a low of $46,620 and just so happened that I had a buy order set to trigger at $47,500 so that worked out rather nice as price rebounded back to >$50k very soon after :D

IMHO a new 'normal' with price between $50k-60k and waves of around 5-10 k$ up & down would be a very good thing for traders. FWIW, virtually all of my BTC is from mining - not trading so ^ is only the opinion of a dabbler in trading ;)
http://www.sherv.net/cm/emo/happy/happy-dog-smiley-emoticon.gif (http://www.sherv.net/)

I don't know why do people expect the market to move in just one direction which is up up and up. This is a pretty well-known fact that markets move in a zig-zag pattern of highs and lows. After every high, you get a correction and then a further high. The market went from 29k to 58k in like 15 days without any major red days so this correction was obvious. But yes the way it happened and reversed back in a matter of few minutes was quite drastic. I think it was the liquidation hunters which come to the market to make people rekt or maybe exchange manipulations or whatsoever. It's pretty risky to do margin trading this way.

Well, if you feel it is the right decision. But keep in mind, even though the correction, the Bitcoin price is still a natural thing, hasn't bitcoin been bullish for too long, then I think once again this is a very reasonable correction.
but besides correction, you can take advantage of it by buying it back, and paying attention to the current resistance limit. about a few minutes ago, bitcoin had it recovered. So between $ 50,000 - $ 55,000, bitcoin will play there.

I am not sure how long we will see this correction, i was expecting this correction once it crossed the all time high valuation but the rally continued much longer than anticipated and i hope this is not a major correction and you can book your profit but i need to wait for a few months before making my decision because i am expecting further rally in the coming months and more over my wallet is not in my hands as it is held in a safe locker to take positions on seeing these fluctuations.

So funny, I don't consider the bull market and everything happened during this year and only talk about ~10% price movement that happened today. In this market price are changing much more faster and than other markets and surly many people are getting emotional and start panic selling just like how you are reacting right now.

Traders must accurately explain why prices move upwards or downwards, to know the right move to make.

I was thinking tesla might record impressive sales by offering a BTC payment option for their EVs. Which could force other retailers to offer BTC payment options to boost their own sales & business.

Tesla stopped accepting orders for their model Y which could jeopardize positive sales growth from BTC support. Which could lead to a scenario where BTC sales gains are canceled out by sales lost due to lack of model Y support. We'll have to see how that goes.

There are other measures which businesses and states like florida could take to encourage mass adoption and boost the value of BTC. Hopefully we'll begin to see some of those measures rolled out in the near future.

Common words that you can really read up anytime bitcoins price tends to correct its price.Does 4-6k decrease signify a dump? If you are just
new into this market then you would be having these common sentiments or freaking out when seeing reds but actually these are typical movements.
You would get used to it rather than on freaking out.

One thing to always hold and remember in the crypto world or having Bitcoin
Don't panic and careless a decision
This is likely basic emotion management to have.

If you want to sell the coin ensure that you have researched the market and not based on the panic sell because of the fallen price.

Stop the FUD and don’t create panic, because people knows what to do and you don’t need to do this. If price is crushing then so be it and just focus on your trading plan either to sell or buy more. Bitcoin will always rise and for me, this is just a correction and not yet a bear market, so stay calm.

A careless decision imo lmao. buy low and sell high is reliant on medium to big moves, since profit from small dips can't really get you that much profit, heck you may even take a loss. Besides tbf, even if some of us did indeed sell right now, I hardly doubt it'd actually affect the market. Sure we sold, the price might dip by 0.000something 1 percent, and that's about it. Besides, this clearly just creates FOMO for those newbie traders, since they'd believe most dips to be opportunities when in fact, it's just a regular event for the market.

Lol, and what if the price goes right back up and soars to 100k then what.  You might be right but you might be incredibly wrong.  There are other things at play like taxes.  Short term gains and long term gains are taxed significantly different so for some it doesn't make sense even if it drops 10k.  Blindly buying and selling based on daily dips and rises is rediculous

Ha ha.  Noob.

As one of many people that late to all in, I honestly hope the price will dip to the bottom so I can fill my bag with that cheap btc. But unfortunately it won't be like that, because bitcoin still have good fundamentals these days.
50k is the new standard.

At what price did you sell? And did you buy back when the price bottomed at ~$48,000?

It is so easy to panic. It is so easy to sell when the price starts dipping hard. But do you know its bottom? Do you know at what point will the price bounce back? How about the price right now, is it still selling time or is it already buy back time?

If you cannot give clear and firm answers on these based on solid analyses, you better keep hodling.

Don't panic just because bitcoin is going back to its normal price and don't you ever sell your bitcoin.

If you sell it then you will surely regret everything that you've done when bitcoin's price increases again.

If you encourage people to sell coins then probably you have a bad mindset especially when it comes to an investment. You're really not a good influence, you should encourage people to hold as long as they can and selling coins when they see a dip is not a good option. Bitcoin is volatile and you should know that, "buy in the dip".

LOL.. I have been around since 2014 and I have seen hundreds of such "crashes" till now. And let me remind you about what happened the last time the prices crashed. Yesterday, the exchange rates fell from $54,000 to $46,000 in around 1 hour and it took 1-2 hours for the prices to recover back to the previous level. Now I don't know whether the recovery will be fast this time or not... but only idiots would sell their coins at this point.

I wonder if this gonna be that classic panic selling and after few months going back up again and then people regretting over not buying bitcoin again, it's like a cycle honestly and if people can get take advantage of this kind cycle they could be winning, but topic is kinda misleading though I know it's just sarcastic but the title could make people really afraid LOL.

This thread belongs to the Speculation forum.
If you really think that you can outsmart the Bitcoin market,by selling high and buying low,then go ahead and do it.Just don't give trading advise to other people and don't try to spread panic among the newbie traders.
No experienced crypto trader in the world will pay attention to forum topics like this one.
Perhaps someone should make a reverse forum topic titled "COIN PRICES CRASHING!!!BUY BITCOIN NOW!!!,because the time for buying more coins will come soon. ;D

Lol, sure please sell all your coins and wait for the biggest dip (which I doubt will happen now, and even if it happens, I hope the dip doesn't go anywhere near your selling price).
You really expect that the price will rise, you will sell and then you will buy when the price drops again? Lol, easy to day dream but this is not how it works. Well it does happen like this sometimes, but not always. And if you are looking for a long term good profit, holding is your only way.
Stop spreading fear. This is not a price crash, it's just an healthy price correction.

So I know why the market is crashing now because of Weak Investors like you  ;D

Just because you saw the price is dropping meaning you need to go along with those panicking to sell out your coins .

Specially Bitcoin in which not easy to crash in our time now because Bitcoin is well supported now and manipulator cannot just turn their back just like that.

Maybe this is the correction ? those who wanted to make money is starting to sell out and take their piece of cakes from the Bullrun.

This is actually a good opportunity to buy bitcoin instead of selling, you need to hodl more bitcoin because as @NotFuzzyWarm says, the price is not crashing. I wouldn't be fazed that the prices are going down because I know for a fact that when people are panicking, the smart ones will be buying their share of bitcoin because the prices will just go back up where it should be.

It's a cycle indeed, those who are aiming to hold more will take this advantage.

While those who are fearing of losing more money will difinitely sell out and go with the flow, it's just painful once the bounce take place much earlier and the next target is far higher than the last ath, there are many speculations listening to those opinions only confuse you and lead you to lose your money.

Today is not the day of the destruction of BTC and crypto, only a correction of how long we have been harvesting.  Isn't this very natural if there is a price correction.  If the price continues to peak without any correction then it becomes an even bigger threat because no one can guarantee what crisis will hit crypto later.  Calm down bro, you look amateurish with your fear.  Correction of 15% is not very normal if you see that you have been harvesting hundreds of percent of profits?

You not serious... are you? You want people to listen to you and sell their coins for the price to drop ...so that you can make a bigger profit.. buying on the dip!  ::)  Why would people even want to do that... for someone they do not even know and care about.  ???

A lot of people could care less about trading or speculating and making profits. A large group of people want price stability, because they want this experiment to succeed as a Currency and not as a speculative high risk investment. 

Please people, DO NOT listen to this.... if you want Bitcoin to succeed as an alternative payment option. (Satoshi's goal)  ;)

Well its risky if you sell it under assumption it will continue falling and if btc rises back quickly and you do not buy it then you are nowhere because you would not buy again at 52-55k thinking it will fall and if it does not fall and say rises above 60k then you lose that opportunity of making money. So its a risky bet those who want to take a chance can do it else for long term investors do not think it that much of a worry.

IMO, the Bitcoin community needs these corrections once in a while. There are a lot of noobs out there who have joined the party. They believe that Bitcoin will make them a billionaire overnight. It is necessary to shake off these idiots from the cryptocurrency sector. A couple of market corrections will persuade them to sell their coins and make the exit. This will make sure that only serious investors committed for the medium or long term remains at the market. I just hope that the prices stay below 50K for at least a few days.

you have to wait for this moment the crash of the price before you decide to sell all your coins ? wow but you could have sold earlier when theres no crashes that occur .
not only that makes you not loose but it also makes you earn more than ever  .

how can you earn more and them when the price crashed quickly or you mean to say you will buy more but theres no guarantee that you can earn more with that because we cant tell if how long we can be able to hold .
keep in mind that different factors can affect our decisions  .

It's great today investors and traders in general are all messy, this is great, really rare in 2021, like it's raining.

Unexpectedly Bitcoin has dropped to the level of $ 49,000 and next, what happened, everyone panicked, is this also a game from Elon, maybe not, but everything is red, this is really a rare phenomenon, far from predictions.

Are you a financial advisor ? I didn't think so..you really shouldn't be giving financial "advice" if you don't know what you're doing, and that is pretty clear that you do not by reading this.  You are trying to time the market, and that 9 out of 10 times ends up backfiring on people unless they happen to get lucky.  You have no idea what people are holding bitcoin for.  Not everyone is holding it just for an investment like you are.  You also don't have any clue when the "dip bottoms out" is going to be.  Hence the term "trying to time the market".  This is reckless advice and not suited for everyone.

This move can only be done by daily traders because they see this as another opportunity to sell high and then buy low for other Cryptocurrencies. Another thing is lay off with the warnings because it might endanger the investments of most newbies since they might follow the trend and might lose more money instead of gaining some. We should treat this as another opportunity to buy more Bitcoin and invest or maybe this might be the opportunity for Bitcoin having that stable value.

don't panic and Buy the drop!!!

Yes, of course, I am going to do what you say because you say so.

Actually, what history has shown us is that the most profitable way to get rich with bitcoin is just buy and hold. It saves us a lot of stress and headaches too. You are trying to time the market and those who play with fire will get burned.

Buy the dip, you won't regret it. A correction is an essential movement of a bull market, nothing can go up all the time.

I will not sell my Bitcoin at the current price, I decided to hold Bitcoin. Because I have often seen Bitcoin dump prices, what will happen Bitcoin
always recover quickly. So I'm not going to sell the Bitcoin that I own just because the price dumps suddenly. Keep in mind that the price of
Bitcoin is volatile, so the price of Bitcoin suddenly falling is common. No need to panic, stay calm and be patient. I believe in the next few days
Bitcoin will rise again in price.

It's just a correction mate, Bitcoin pumped real hard after tesla announced they have bought it, the price moved up really quick for the past few days, I expected a price correction sooner or later and that's what's happening right now, panic selling bitcoin just because it's dipping doesn't make any sense, if I had bitcoin I won't sell just because it's dipping I would still hodl, cuz bitcoin will surely bounce back stronger and will even break the previous ATH, you're probably a weak hand :D.

Congratulations for selling all bitcoins that you've got. I wouldn't be surprised if you got stuck in the middle or you're still going to wait furthermore for a lower price.

It's okay that you have sold and we're also good holding. You can enjoy your profits that you have taken in cash and buy back if you're satisfied with the lowered price of bitcoin. But you can't just encourage everybody to do the same action as you did.

I think you selling your bitcoin is a very bad idea, cryptocurrency trading is for people will really mind you don't have to be scared for now the only thing I know you can do for now is to set your stop lose. I think this is just a small dump and I believe this is just a correction and it is normal bitcoin next bull will be massive and I believe the profit you think you are having for the past few months is still low bitcoin next bull run is going to be massive and you going to regret selling your bitcoin very low just because of the correction. I will personally advise you to buy back but when you are buying make sure you buy in percentage don't just buy all at once and make sure you set your stop lose and you don't have to be scared, the correction is normal which I believe everybody have been expecting. So if are not holding bitcoin currently this is the best time to Buy and if you sold your own early I think this is the best time to Buy back and make your money so that you won't regret not buying now in the future.

If you see the price crash but now totally falling too much, you had an opportunity to buy then hold back once correction stops. What's happening today, is only a correction because after huge pumps, that normally occuring. That's beyond our control, every community depends with the chart and they seen different patterns which can be a good reference on their specific trading timeline.

After a dramatic moment for bitcoin a few days ago, it seems, bitcoin wants to show the power again because this day, bitcoin traded at $50k and I wonder if this is a good moment for bitcoin to come back to the high price. If the bitcoin price can back to the higher price this week, that will be another time to profit from the trader who already bought bitcoin at a lower price. It will give us more time to sell bitcoin and make a profit later. But we need to be careful because this moment is no guarantee to make bitcoin still increase.

Worst approach in the world of trading.

Never saw any clear case to this level! He is like shouting all over, I am going crazy, prices dropping, "sell sell sell!""

Dude, you need to relax. I literally bought BTC at ATH prices too, and at the bottom prices too but never reacted to this extent. You need to calm your bulls and think wisely before pressing that "SELL" button in your trading.

You need to work up the math, the predictions, reasons why bitcoin is dropping. It could be for good or it could be for bad but in both cases you have to think wisely.

If you do trading this way, then you will always end up loosing your money in the process. 

No, am still holding my coins because I know that bitcoin price will surely get to $70k despite the price is no longer stable as before in the market. Even though bitcoin price will go to crash not this year 2021 because every four four years bitcoin price always hit higher throughout the year.

I have a friend who took out a loan to buy some more just today, and he said that he was looking to sell his car to change it to something better recently, if he can actually end up selling his car he will put that in as well if the drop continues. You know why?

We are under 50k right now, and that is fine we could even drop some more, those are not really huge changes, we dropped to price we were just a week or ten days ago that is nothing, but let's assume it is a crash, he said that he knows bitcoin will be over 50k again, and I know that too, if I had more money I would definitely go into bitcoin as well right now, because I know the price of bitcoin will be 100k+ at least, maybe it will be this year, maybe it will be in 5 years but it will reach there so there is no other investment that could make me profit like this anywhere in the world.

He is just spreading FUD so weak users will sell their bitcoin, then if the price move downward they can take advantage. Its an old trick of those who are late to join the ride.

Thats why if you're an investor dont easily believe to other people's predictions regarding bitcoin's price or in crypto as a whole. They cant help you and can only cause confusion. Thus having your own understanding to what you're getting into is a must so you can grasp the market situation.

Actually not the worst strategy to sell at the start of a bear run and buy as the bottom is hit and the market starts recovering but the problem is you never know if the market will drop even further or not because what you think will be a bear run might be a small correction and market goes up back where it was and you ended up selling the coins cheap.

I know prices have dropped but I will not sell any coins just yet unless this trend continues for at least 10 days and that is when I will consider selling a part of my coins. I do not even follow the market price too closely because it makes me panic and I just check it once a day, that is it.

I am not selling. Why would I? At the moment I don't need the money and for me this is an long term investment. If prices would actually be falling than I would probably buy new coins. At the moment prices are still above 50,000 USD, doesn't look like a sell off to me.

Not a good idea, this is just a short term correction and the market will bounce back strongly, I suggest you to buy the dip as the price will touch $60k in coming days. At the moment I am holding my coins as now the panic selling has started by retail investors, be patience, the market will regain its momentum and the bull will continue to surprise the general public.

Honestly, the way btc are bought back Is really fast. The past days dump were pretty fast and Altcoins were all affected and the surprising thing is that they are all bought back so fast that you wouldn't notice. This is what we all adoption and not some tweets, meme and their effects here and there especially the artists influenced the past weeks.
There are rumours Elon musi stock fell badly due their shares allocated to bitcoin but I don't see anything bad if a company decides to take such moves. The only thing I have hate about him is that shilling of doge coin.

I don't know did you see one of his last posts about Doge!? I tried to find it, but after a week (more or less) it's hard to find anything on Twitter!
Anyway, he said that he will continue to support Doge after he sees more decentralization... the project is great, but when you have one guy who has more than 20% of coins and 8 guys have more than 60% it's hard to call it "decentralized". When these people share and distribute these coins to more people he will continue with support! Pretty honest from him I think!
And we can see that Bitcoin dropped, but looks like it's recovering fast! I believe a lot of us are surprised by these Bitcoin moves in the last month or two!

Maybe he do talk about those mentions or tweets about Doge as shill which I do somewhat agree on that part where those simple words could really be a trigger

for the market to normally act specially if a certain man like Elon would really make out some positive sentiment which would really make up some boost up which it not
actually something new or surprising.

Market can crash and its up to you if you will buy or not because we know that market would eventually recover after all.

Indeed, bitcoin is decreasing but I don't think there will be many people who will assume it as bearish sign. The dumping price a lot doesn't mean its price will crash, that is the important part that you should know.

Technically, I see the chart pattern will give a bad sign but that's not a guarantee, the weekly candle will be formed three days left and there is an opportunities to change. But you have to see the monthly candle, the bullish sign is still strong, so I just predict that bitcoin price movement is still bullish for a long term investment.

With institutional investors having large quantities of coins that could affect the market you do not need to convince many people to assume the market situation for the market to go down  ;D. I do not trust the charts and the market is really hard to predict and when the price started to fall i thought we are going to see a major correction but the support held and now it is recovering and everything happens within 24 hours and it is really crazy.

Chances that another big player/s are joining and picking those coins with cheaper price,
We can't assume that because there's some selling pressure the correction will completely
crash the value to fall that much, there are players who understand and knows how to play
with traders emotions. It's best to dig deeper before taking your action,.

I think that is a troll, right? I think troll is not even the right word for it, I think he is writing this in a sarcastic tone, that seems a better approach to it. I do not know what to say or what to name it but the reality is that we are not actually that desperate are we?

I mean we haven't went down that much when you look at the numbers, we are still doing quite alright, and I feel like we should not be too scared of what is going on just yet. Sure if it drops under 30k I might be a bit scared and if it drops under 20k I will be full on scared, but going under 50k is basically nothing, we weren't over 50k just like 10 days ago or so, it was nothing. At the end of the day we are still handling it very well, but we should probably be recovering by now, the numbers looking like we are doing better, which I assume is a clear indication of 100k coming very soon, this is not time to sell, it is time to buy even more.

I believe that such people are raising a panic in the cryptocurrency community because they were stupid a few years ago when they doubted the correctness and did not make an investment in Bitcoin at the level of $ 3,000 - 10000. Today they want to invest again at low prices and therefore manipulate the opinions of other cryptocurrency users, provoking them to sell in bulk in order to lower the prices of bitcoin in the cryptocurrency market. I'm just shocked at how mean they are.

A healthy correction is always necessary for stable and long-term growth. That is what is happening with the price of bitcoin right now. Only smart and strong hands will measure the situation correctly and will have patience.


BTC breaks its ATH so there is always a psychological resistance around 60k. Many people will try to book profits here but there is a chance that BTC will cross 100k this year very easily. People and the community is very positive this time.

If anyone wants to sell their bitcoin now. It's silly. Don't panic MicroStategy and Michael Saylor has an important purpose for the future of bitcoin. Recently the firm has bought ~ 19,452 bitcoins. As long as the negative thought of a price drop could occur, such a thing will not happen because the big investors are buying more bitcoin. This is a good sign, if you don't want to miss out on this new stage of bitcoin. Don't sell it.

I'll be happy to see people selling their bitcoin because panic will create a big dump in the market, and I think the correction is starting already, bitcoin is struggling in the past few days and we might see more down trend again.

Just like the old days, after hitting a new ATH, correction will come and will dump the price, and just like the old days, this is the right time for accumulate.
The investors who get in to FOMO will panic, but we will see this as an opportunity.

I can't say much for sure regarding the current state of the market, but looking at its downward trend, I guess we can safely say that we are in a dip that may span a couple of days or perhaps even weeks or months. What's really scary about this though is the fact that this could easily spark a panic selling rally among the people which in turn could drop the value even further, though I guess it's good considering that it's going to open the gates for more people to buy.

Haha, Some newbies sell their coin as people told them, kinda suck that I got jebaited too sometimes

Seems like you are new to cryptocurrency. That's what whale wants, for panic investors to sell their Bitcoin so that they can hit their target price to buy BTC cheaper. Just imagine BTC jump to it's recent ATH that fast. The price correction is normal.  Just ride along the market and you might end up with more profits, rather than panic selling.

This is good that they are panicking, this is a great opportunity to buy more bitcoin at lower prices. A dip will always happen in the market and I think that it is a good thing if you know what you are doing when that happens, we know that it will bounce back again and when it does, it goes higher than we could anticipate. It is good because it weeds out people that doesn't know how bitcoin market works and it lets in new people that are more eager to stay than those that panic sell.

It is unlikely that there will be the same decline in the price of bitcoin as it was in 2017 and 2020, so do not spread panic. Now there is a correction in the cryptocurrency market, one of the holders of a large number of bitcoins could not stand it and sold their bitcoins, causing a domino effect. You just need to hold the tokens and not sell them, then the price will rise again.

Unfortunately he does look like a new player.  BTC dropped in less than 24 hours, but many people were so panicked that some of my friends even said that today's hype will never exist again.  And it is proven, currently the price of BTC is stable again.  It's a shame if the OP actually sells its BTC.  Because last moment will never come back again.

It is not crashing it will be stable for 1 month in my opinion. It will get back on its value that it had last year. Also those cryptos depending on btc will go down so if someone have them, sell them.

I am not a hundred percent certain but I don't think it is over because there are still some institutions that are entering the market. It is indeed Bitcoin making some pullback but don't you think it is just a set trap by the whales so that small investors panic and sell so that they can purchase it at a cheap price. But I don't blame you, much better to do in this situation I think is to liquidate some of your holding if you are having a doubt but don't take them all at once.

absolute worst time to sell, i really hope you are not one of the "Buy High, Sell Low" brigade?

Stay calm, the time is right to BUY!

in fact you are right today, there is nothing wrong with securing your finances for a while. indeed quite vulnerable if it is bearish today. some say there will be more correction. If you have it, please do your anticipating portfolio from now on.

Yeah, those huge whales who sold could be the same ones who bought as well. I believe if you have enough money, you could sell 1 billion dollars worth of bitcoin, this will of course drop the price and you will lose a bit of money there, but after that there will be panic, and people will start to sell in bulk and the price will keep on falling, so when it reaches about 20-25% lost, you can buy it all back, using the same 1 billion dollars, and have more bitcoins in the end.

I honestly believe people do this, maybe not with a billion dollars maybe less or maybe more, the numbers could change but this kind of manipulation of the price probably is going on right now. I can't of course know what is going on and this is just an assumption, but this is what I believe could be the main reason why there are sudden changes in price up and down so quickly without real problem.

Yes, looks like the $50k mark is assumed as the new average price for Bitcoins. Not sure why people sell when the price is falling down because it does not help anyone and the price keeps falling as more guys sell off their coins.

If you read OP, it was about selling as the price is falling and later once the market stabilizes and price doesn't drop we should buy and this way we can make profits.

I am not against this but I don't like this because if everyone follows the suit then the price will break into two halves. As much as people want to buy BTC at minimal prices, they should keep in mind that its beneficial for everyone if they just hold and when everyone holds, the price automatically rockets up.