Bitcoin Forum

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

I agree because I have been here in this forum since 2017 and I keep watch of cryptocurrency market direction. Also for your information you have similar post title that I had seen 2 or 3 years ago. (chuckle)

In fact, if we always follow the development of our own cryptocurrency, it is time for me to experience an increase today. because crypto currencies have started to get sympathy from the public, so the price itself will gradually increase

But not for long, it's impossible for crypto value to keep increasing because investors only invest for the gains and sooner or later they will surely take profits, OP do have a very good point here and once bears market starts many will think it's a correction in work until is too late

why 4k?

There were lots of early buyers of bitcoin that bought it when the price of bitcoin was around three or two digits.
You can't expect people will pump the coin forever but i will believe if those early holders are holding their coins for long term or they will be dumping it gradually.
The big holders will not create a panic sell and that will give them a lot of disadvantage just like they can't liquidate their coins at the peak price.

I agree with you, the average coins has experienced a high increase and until now there is no sign of it going down, the current price of Doge is very expensive when compared to last year and those who buy at low prices have become billionaires, I am always waiting trend bearish so I can buy coins at cheap again

time is running out and bitcoin price is very close to the prediction point. buy now for 1 Btc is for those who are ready with all the risks from their finances who have other income besides in crypto. We, who still rely on income from several crypto copies, still really hope to be able to pay off a few Satoshi so that one day it will collect into 1 Btc in full ..

True, but I just feel like the 2017 era is not 2018 because 2018 was a very severe decline in cryptocurrency,
so some people were very afraid to make purchases at that time, including me too.

You are correct that now they are Billionaire / Millionaire whot invest on Bitcoin on the past when it price was 4000 usd or under 3000 USD. Now bitcoin already  crossed 64k USD and really it is unbelievable.  But We know that the Starting price of Bitcoin was very Low and Bitcoin will 100000 USD in upcoming Days.       

this always happens and always will repeat the market goes up and down the bear and bull phases alternate cyclically you just need to be good at understanding when the trend reversal begins and sell everything in time

Nope, majority of altcoins start pumping in January 2018 not 2017, BTC and few altcoins are bullish in 2017 4th quarter but the real altcoin season beginnings in 2018 January, february and March, by March ending everything worn out already and the bears are already taking over

Captain Obvious to the rescue once again :D
And yes, this is like 2017 as it's another bull cycle, and people are taking profits.

Well, we're never ever going to be on a bullish market forever, there's got to be a stop towards that. There could be the bear market winter as some people would call it but I think it would come around the end of this year or early next year. I'm just quite nervous that we would reach that point and say, hey, I should have sold my BTC at xxxxx amount of price. Let's see.

Yes are very right, but I even doubt if any average person who bought bitcoin at $4000 usd is still holding till now, the only ones who I think will buy at $4000 usd and still hold till now are the whales, the rich guys who don't care whether they get the money back or not, the ones that buys a coin and forget about it for more than five years, some don't even remember that have such money somewhere until they stumble upon it some day, those are the kind of people I think that will still be holding bitcoins bought at $4000 usd till now, the average person would have sold out of fear that the market might turn red and they loose their gain.

The phenomenon that occurred in 2017 kept a beautiful story for some trader and investor, those who dared to take big risks at that time had already become millionaires/billionaires. The development of cryptocurrency is increasing compared to a few years ago, and has got a special place in the hearts of the public. So This is the reason I never hesitating to invest in the crypto space.

Yup, there will be still the taking profits side and nobody would expect it to stay longer. But with sort of dips that happens once in a while, there's a balance in the market that makes it better and won't only go into pump. Just take your profit and allocate how much you've invest and how much you will reinvest if ever the market goes into a long bearish run again. The confidence is still quite high by this time for most investors and that makes it scarier but so be it.

The cryptocurrencies market as been with such movement, the ups and the downs are the attribute of this industry, so, anyone still surprise at the speed of the bitcoin movement or others should study the basic of crypto-coins. Those who bought these coins aren't all at profit becasue there are some that still ran at loss back then but those long-term holders were able to make their cut from be hodlers for long. Basically, the risk takers in the industry are the winners.

Of course they have taken profit, in fact, they must have taken profit long before btc hit $20k again, people generally don't have that patience to hodl and keep holding even when they can take profit, they are not stupid, people who bought at $4000 must have dump and others have bought it at s much higher price and those people will in turn dump and others will buy it and so on, even at $62k some are still buying btc.

Makes sense. But in the case of bitcoin, it won't go all the way down nor stay down forever. And I believe that bitcoin is credible enough after showing how resilient it is all throughout the years despite whatever fud or whatever happened to it. Just look at what happened recently, lots of self righteous know it alls who were spreading fud about Bitcoin and talking trash about it ate all their words and ended up jumping into the trend as well by investing on the very thing they called a ponzi or talked trash about.

I have also been in this forum for a long time, but that is not the most important thing now, because there are also people who have been in this forum for a long time but there are still many developments and new things that they have not known until now, because now the most important thing is action after watching the market is not just watching, the use of good moments should always come first now.

How about those who invested before that era, OP?
Like I remember people eyeing on below 2 digits and they'll buy that day.
How many of them could be dumping right now? Maybe most of them are locked out of their wallets by now. :D

Should from the society that is not familiar with crypto.
I think that we are only getting a few people from the total population of people in the world. there is still a lot of room for growth.
There are lots of newcomers came to the crypto with zero knowledge about that. You can see there some new users were creating a new thread about the recommended wallet or something else.

Yes, not all people knows about crypto currency most especially those people who don't have gadgets and internet connections and friends who join crypto. That is why many people don't believe or get panic when seeing negative movement in crypto. It is important to do some research and know everything about it.

It won't be during this year that the crypto price will continue to be bullish, there will definitely be a moment of correction. Since the beginning of
this year, there has been no deep correction, so be careful that correction can occur at any time. Therefore, to anticipate crypto prices that can fall
at any time, there is nothing wrong with using the stop-loss feature. This will make the losses we experience not too big.

We will see harsh corrections and also keep in mind that the price you see on CMC or the capitalization doesn't mean that much money has been put in to bring the price up to where it is. The bid side of the order book could collapse anytime as it did pretty much in 2017/2018 where we quickly went down from 20k to 8k and then even further. May I remind you that ETH crashed from $1500 all the way down to $80? Holy...!

Interesting theory, but this could become a reality those who bought the $4000might decide to dump on all of us someday, that  might happen but it's not certain that those who bought that $4000 are weak hands, cause I remember the whole market was red during that period, only the rich who hand spare cash and believed in bitcoin would have bought the $4000 dip, about living the 2017/2018 Era no comments I just hope it's not going to end that way this time.

If everything is so easy, we will all become billionaires. So the market today is doing quite badly when there are so a good deal of bad news that directly affect the price and now many people are panicking and distrusting this market.

Not everyone have the gut or nerve to hold their tokens and coins when market is crashing because we all have different reasons what we plan to use our money for, this is why I believe that long term investment is for the rich or those who have other means of income, anyways for now any fall in market is just another opportunity to buy more, I don't see bears marching in any time soon

Not everyone has the opportunity to buy coins at a reduced price, but only those who sold them at high or used a stop loss. The rest should just wait for the market to recover and the price to return to its previous values. But the danger is that the price decline may continue, thus those who hold the coins may receive an even greater loss.

Agree with that Mate, because that was the basics of our world we are all influence by the universal law of gravity, thats why everything that goes up must go down, And this principle is also applied to the businesses and industry the law of supply and demand and cryptocurrency is not exempted As we notice Bitcoin price was traded at $60K+per Bitcoin I believe that the price won't stay that level for long and eventually it will go down and rise again thats how the crypto market works. And those fortunate investors that were bought Bitcoin early are already gaining bigtime.

This is especially true on this crypto space. Even bitcoin is known for coming down up to 70% from its ATH on each cycle. Someone somewhere is bumping some coin not for the benefit of all the crypto people but for their own benefits hence it is completely meaningless if we are expecting them not to take profits at any time. Always holding our crypto stash with some stoploss will be helpful. It means that we cannot expect the bull run to be continuing all the times.

Recent dogecoin's run must be a great example for this scenario. Dogecoin rallied up to 720 satoshi but there were people speculating about testing up to 1000 satoshi but it seemed whales started booking profits hence it went down up to 410 satoshi in next next sessions; people waited for 1000 satoshi might have booked in between or might be still holding.

Who buy in high price, ready or not must prepare for correction or maybe bear trend that can come anytime. That is why in crypto, especially if want to tell new person who want to involved in it, we must tell not only good point but risk behind it. So people not panic or not can analyze price by themself.

I never think too much about them who dump bitcoin price because that is not important to me. As long as I can still earn more fiat or bitcoin, I will keep that, and I don't want just to wait for the price to increase. Yes, they are now making a lot of money by selling bitcoin at a high price and making the price drop significantly, but I am sure that the price will be back to $64k.

I only think that it is just a correction as usual, and coincidentally, the price drops deeper, which makes people afraid. We don't know if the drops are because of another factor out there that spreads about the negative of bitcoin or other things because I think more reasons can make bitcoin is dropping like today.

True, those who bought at lower rates wanted to take profit but never omit the fact that new investors will come too and possibly others who missed on the train will buy too. Just because people are taking profit the price will crash, market doesn't work that way.  As long as the demand outweighs the supply, the price won't crash but rather go higher.

It's true that no other past bullrun are like this year crypto bullrun, very profitable it as become for top popular crypto coins and tokens but it's not true when people believe that this bullrun will be up for ever, stop turning big whales and institutional investors into Messiahs that want the poor to be rich, they are here to get richer as well so blindly believing that bear season is a lie will get you rekt

If anyone invested in the market during this period then they will be in high alert as they do not want to hold the coins when there is a major correction and right now majority of the market had a decent correction after a long time and it is not a big surprise that people are booking their profit and taking the safe route.

There are reports that there was a power outrage in China which caused the major correction.

I think what goes up should go down. They tweeted an inaccurate tweet, and then within an hour or two the markets started to go down. For now, btc is trying to stay above 55,000 and some altcoins are intact. They are ready to rise at the first opportunity.

It's not that easy and as you mentioned if does then if not all it will the majorities that benefits from this market. Now that there are rumors that really hitting the market, Lots of panic holders are selling and trying to avoid losing more from their hold assets. It's expected as most of the time when the market are down there are lots of pressures.

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Bitcoin is trying to hold this barrier, those tweets really move those weak investors, they are now selling at their loss not realizing
that there are big whales who are playing with them, chances that the market will bounce back is still there, a matter of days or
week then we will see what's the direction to proceed.

Yes, that is what will happen, especially in the market. When the market goes up today, sooner or later, the market will go down and we must prepare if the market will go down so we can be ready and know what we need to do. Bitcoin is still down at a low price, but I am sure the price will go up in the next few days. Bitcoin gives us a chance to buy back and hold it for a while and then we will have the time to sell bitcoin later. If you do not use this as your chance to buy bitcoin, you can do that and that is up to you.

I entirely agree with your words. Such dips give us a golden opportunity to buy some good coins at comparatively less value so that we will not say I wish If I bought this at this and that value so this market gives opportunity many times to invest. Those who make the right decision at the right time will make a good profit. We can not expect everyone will hold and the price will keep increasing at some point some will sell for sure and thus we will see a drop too.

It was really like the year 2017 and 2018 era that we are living in today but it is quite different at some point since bitcoin was able to surpass much more than we expected right now and the occurence of its bull run is way longer compared to what it has experienced from the past. Surely, there are a lot of people who instantly became millionaires after holding their bitcoin even after witnessing it dump way back 2018. They held on their faith on bitcoin and look where they were able to go because of it. There are still possibilities that bitcoin and other crypto might dump once again but it would be best if we are going to prepare while we still can.

Yeah, I agree with your points. Big companeis might withdraw their money already and those FOMOs on the media are just fake news, or weird companies who want to buy bitcoin at all cost

Damn. You guys should be careful. Even though the momentum is strong, nothing guarantee that the train will continue to stay on the track

In most sense, you are making good point but we are in 2021 and the bitcoin investors are from all type of people from individuals to hedge funds and from almost all the countries which means even those buyers who bought around $4k levels may start booking profits but the other people who are all looking for dips to get in, definitely will make use of that.

So, somehow bitcoin market will continue its bull run for at least for short period of time which is expect to last until end of this year. When more people do speculate alike that will become as a trend in overall. I agree bitcoin market may come down at any time, but it may not right now.

Not really? I mean sure it may come down for a short period of bursts, but bitcoin usually goes up all the time, gold has been doing that for thousands of years, have you checked the price of a gold bar in the past 2000 years?

It has increased constantly, it has been on the rise always, look at last 10 years, it has increased there too, look at 20 years to 10 years ago it has increased then as well, gold bar has been more and more valuable all the time in the long term, but it had days it went down. That is why I think what goes up doesn't have a need to come down, it may for a short period of time but it will not end up being anything for a long period of time. Hell look at bitcoin, it reached 20k, dropped to 3k, reached to 64k recently, which shows you, even though it goes down for a while, it will always go up in the long run for sure.

Why are you scared of only those people who bought bitcoin at $4,000?, there are people who are in possession of thousands of bitcoins since 2009 and yet they haven't dumped it and you are scared of $4000 buyers, what goes up will surely come down/correct that's the philosophy of the market, price can't keep pushing upward forever there's bound to be bearish seasons or downtrend, even the $4000 people decide to Cashout then it's up to them if they want to sell their big for a mere $56000 when they can hold and sell at $100,000,its a matter if choice but don't think everyone is a weak hand like you.

For investors who have felt the DIP in the 2017-2018 period, this must have felt like dejavu. But in my opinion it wouldn't happen again. It will be correction, of course but i don't think it gonna be same like 2017-2018 period, because at this current situation Crypto is already too BIG especially after COINBASE IPO.

Same, the PTSD hits me again. But, I've been getting so much profit these days just make sure to use this benefit and hype event to maximize your earnings. The worst case is that same thing would happen like in 2017 era but it's still going strong I would say.

Not yet the same as 2017-2018 because it's much more than the last dip that we've seen. The comparison is vague because we're still at a high comparison from that year of the bear market.

Although it's a separate market from the Coinbase IPO the most recent news is that Brian sold a lot of his stocks for $291M.
(https://www.reuters.com/technology/coinbase-chief-executive-armstrong-sold-2918-million-shares-opening-day-2021-04-19/)

There are more people now who knows and trying to understand this market, the chance of having them inside will difinitely brings new
investment.

That past might not repeat itself unless support from those known personalities and businesses will withdrawn to this venue of investment.

Lets look forward and hope to see much quicker recoveries. Bounce back will happen.

The market had already changed and it happens every day. Does history repeat itself? It is just a story in the past and we can't compare it this time and much more to think that it gonna happen again similarly.

2017/2018, I can really remember those years and how the market behaves that time but we are in far different now. Some indications are;
*growing number of crypto users/investors
*adoption has gone strong (includes big and know companies)
*Crypto gambling institutions are growing

All these things had made a lot of changes and that continues to grow day by day.

Indeed, the adoption today is different from previous years. Institutions or organizations I believe, has strong faith now more than ever towards crypto. They have seen the potential of crypto during this pandemic crisis. And how it will influence the current payment market. Before, a lot of these companies were throwing negative things towards crypto, and look at now, they change their stance and collecting their own bitcoin stash. So I don't think it will crash the way it did in previous years, there may be drops but not that massive where people will lose trust.

That's still going to happen unexpectedly mate, we can't control that situation. What we only need to do is always keep an eye towards the reality of cryptocurrency, there's always a big surprise and if you couldn't control the greed within you, I think we're going to fall on the wrong sides of our decisions. Once you've hit the target then don't ask for even more lucky profit, grab while the iron is hot.

This is indeed right just to maintain the balance so that the whatever on the top must also experience the bottom to be able to open up space for better improvement. With regards to crypto prices, there are cryptocurrencies that are not always into their top most because all are also experiencing to be at their bottom most before they have got into the part where they are into right now. That will be a cycle that will keep in repetition to keep up the balance in the market.

What distinguishes the crypto market this year from 2017, because more and more institutions are investing long-term in Bitcoin.
This makes the crypto market more trusted by many people, in fact, very many people end up moving their assets elsewhere into crypto.
Because in addition to the huge profits made from crypto investments, some coins are now widely used for payments too. So the positive
trend continues to approach the crypto world, the future of crypto will be even brighter. So when the crypto market declined like it is today,
Investors do not panic easily, this will make the current price decline that should not last long.

and what goes down will come back up, just remember the pattern and you will be fine, shouldn't say no need to invest in btc why is that?
did btc make things bad for you or did you suffer losses at btc.
when they take advantage you can buy it back at a low price.

for me this is the highest point of bitcoin price and myself a little afraid to buy or keep too long ,
the impact of the world economy which started to return to normal when it started to return to normal and of course all crypto money will be slightly reduced..
but that's all I don't regret because I have felt the results of knowing crypto since 2017..

Indeed, people who bought cryptocurrencies at low prices, most of them have already sold their cryptocurrencies, and the most important thing is that these same people still invest in cryptocurrencies in order to get a new profit, there is also a constant correction of the cryptocurrency market because big players are constantly selling their cryptocurrencies and this must also be taken into account, so you should always follow the cryptocurrency market carefully so as not to miss the correction.

The volatility needs to be moderate though... without compromising on True Cryptocurrency deflationary feature.

Taking huge profit at the detriment of the Network should be avoided. A smart person would understand the impact that could have on other investors who are supporting a Cryptocurrency Project.
We need to encourage people to use cryptocurrency within the economy and in well decentralized manner. This would also help keep price healthy.

It's definitely true that a market as a whole can't go up all the time. There will always be periods where a market falls or corrects. That being said i don't necessarily see a reason why there inevitably have to come a 2 or 3 year long bear market soon where most projects are dropping 80 or 90% in value. There will be a correction sooner or later and we already saw some smaller corrections already but i personally don't see a massive bear market coming in the long or midterm future.

Definitely investors will always have their target price to take profits and this do continue to happen in the cause of the market because different investors invested in different time and will seek to take profits at different times hence the constant correction in the market.

developer of token might have with one on confinement as uses with the funds on exchange with the market has with the limit on chance with movement as the drawing on pronounciation from trader and investors, that more they might work as appealing use with the revision on average movement as the returns of moderation.

Indeed, the price of bitcoin at this time is very expensive compared to the price of bitcoin in 2018, bitcoin has increased quite high at the end of 2017 and experienced a sharp decline in 2018.
don't be afraid of the current state of bitcoin price which has decreased in the last few days, don't be afraid everything will be fine bitcoin will definitely go up again as time goes by. For investors who are just trying to invest in bitcoin, don't be easily disappointed by the news that drops the price of bitcoin, if the price of bitcoin continues to decline then we have to keep holding bitcoin until the price goes up again.

Yes, and it is a very natural thing to happen because basically everyone wants to make a profit in various ways and one of them is through cryptocurrency investment, so as ordinary traders we also have to be able to take advantage of this too in order to get a profit.

they are not officially millionaire and billionaire if they dont sell thier btc .
they will sell but my guess is they are done on this phase because 4k to 60k is a huge leap and its rare if there are hodlers who havent sold thier coins but now is the era for hodling and waiting for another times 10 in the price  .
many insitutional investors were reported investing in the current rate and if there will be sellers they cant shake the price of btc easily .

Not the same since Bitcoin rise  last year and continue to dominate until now, very big chance that it will continue to bring more.

Indeed, Bitcoin always find its way to bounce back, this downfall will soon be replace by good bullish trend. Be a strong holder
to avoid losing your money.

And continue to buy more if you have opportunities. It's your call as always.

Investo and trader are two very different things even though they have the same goal, namely getting profit, in my opinion investors have a greater risk of getting bigger losses and profits than ordinary traders like us, because investors usually focus on a project (asset) fundamental in nature, whereas traders tend to pay more attention to market sentiment and conditions and of course traders tend to make transactions with a short-term perspective, in contrast to investors who take plans for a longer period of time. and usually traders only transact in altcoins that already have a market so there is very little chance of investing in a scam altcoin, while investors invest in tokens or coins that don't have a definite market so they only rely on project roadmaps and the possibility of fraud is very large.

That's actually how cryptocurrency goes. It's part of the cycle and it already happened years ago. Huge companies and institutions who bought crypto would still take profits because that's their reason for investing so we should expect that there will always be corrections and dumps but I don't think it would really drop down just like what happened after the bull run last 2017.

accordingly, taking into account the investment of institutional capital in the cryptocurrency market, then each investor will fix profits and therefore Big corrections are inevitable in the cryptocurrency market. but one way or another, you need to take into account the fact that such large companies as Tesla, which invest large capital in Bitcoin, will not do this, or at least I very much doubt it. Based on this, the bitcoin rate will be more stable thanks to such companies.

Exactly my thought. There is always a dump season every now and then but since crypto particularly bitcoin is already backed up by more bigger institutions, the price won't really fall deep like it did before. And the more its price dump, the bigger chances its price will reach another heights once it will recover. I think based on what i see on crypto space, there is less worries today investing in crypto because crypto has slowly gaining adoption from big institutional investors.

Same as what I've think. As we looked back how coins in crypto started,it shows up and down of its value which simply tells us that no need to worry about it because it is just a normal thing in crypto market most especially if the coins is just new and on its progress. The progress will always start from little to little until reaching success. Still both happenings can gain profit through selling or buying it. It depends on what you choose to do.

No, I will not agree that bitcoin will not increase if there is no institutions are participating. Because, bitcoin got proven track of rising market after halving which will make people to cancel their sell orders and more people might have bought out of FOMO. It means bitcoin might be into bullish mode still even without help of institutions.

At the same time, I doubt without institutions, bitcoin might be trading below $30k levels by this time as we are still in April month but we had 3x growth from last cycle's ATH, big thanks to institutions.

some people who have been trading and investing in crypto for a long time may be well aware of the situation of the crypto market. movement up and down is natural. but for those who just entered the bull market yesterday until recently. seeing such a strong correction will make some newbies who don't know how the crypto market works feel cheated.
As you say, what happens in the market is something that happens. prices go up and down, that's part of the reason for people who trade crypto.

Cash flow is pouring into the market through investment funds along with the acceptance of payment services such as Paypal, Visa, banks ... so to divest they need to push the market up to a solid level. . The cryptocurrency market is new and potential when comparing capitalization with other markets so we need to confidently confirm that Bitcoin will reach over $ 100,000 by the end of this year or next year. Altcoins will have strong growth similar to those of 2017 and 2018.

What goes up can stagnate or come down but not to where it came from. How about that sentence? We also won't go back to 3,000 and even them some people said what goes up must come down. Maybe we come down a little bit, but the tendency is what really is important.

Just MAYBE, I don't give weight that very much because it is not what really happens in the market. As the adoption continues, the market will also change and we are seeing that prices are relatively growing higher. If we think about that we drop again and expecting Bitcoin will reach to $5k or $4k, it seems to be impossible. Instead of thinking negatively, why not think positively?

We are here to support crypto/Bitcoin, not by dragging them to fall. Investors will keep investing as they believe that "what goes up must be down" is not true.

I like your enthusiasm about supporting the cryptocurrency market, yes that was the general consensus a long time ago about supporting the market but it has out grown everyone and now it is all about profit, you will book your profit when you reach your target and so does everyone in the market. So you cannot blame anyone really and that is exactly how an open market functions  ;).

The problem for the investor is that no one knows when the price of the coin will reach high and, accordingly, when it should be sold. This happens with those coins whose price has already exceeded ATH and the maximum growth is no longer limited, in the event of a continuation of the bull market.

Yes it is, it feels like 2017 era the market was bullish even the shitcoins went pumped unexpectedly and I agree what goes up must come down because the market is not always green all the time, the investors can sell all their cryptos anytime they want because they already gained profit so be prepared guys.

Of course, many of those people have taken their huge profit but maybe not all of their money on the crypto which they invested into. Because if you don't think of taking the profits in any circumstances, then what's the meaning of HODLing, right?  ;D

I don’t think anyone is investing for them to be losing their money, so these institutions are for sure going to take their profit when it’s time. It’s just like TESLA taking 10% and a lot of people were burning with anger and pointing fingers lol.

They are forgetting that the only reason TESLA invested in Bitcoin is for them to make profit, so what’s makes them think that these big companies are not going to sell when they see that prices are beginning to go down?

According Musk the reason they sold the little they sold was for them to test the liquidity of bitcoin.

This is the basic ABC rule of any market. The correct and bear are obvious after a huge uptrend. The patterns must show both uptrend and downtrends. I see the downtrends can be opportunities to invest. However, we should not be greedy and book some handsome profits. And that's the thing many investors are doing at the moment.

You talk tautological stuff, but who cares. If Bitcoin becomes a world currency reserve it might in fact never really come down even if it is at its new all time high and even if it reaches further all time highs.

In as much as I agree with you, but I must say that so far, the market has surprised a lot of people even making most analyst looks as if they don't know what they are analyzing. Most people never imagined the market will grow to such extent but take a look at everything, most coins hitting ATH and so on. Therefore, I think in as much as we are being careful and not to be carried away the market can still go on to surprise everyone. Another angle is, many institutional investors are now involved which is quite different from the past market era, and with more coming into play means more growth will be witnessed. I might be mistaken but I think there are more holders now who believes in crypto more than ever coupled with the endless promotions and adverts thus attracting more people.

I would assume what you mean by "what goes up would come down" is that the price would retrace down. Retracement is very necessary in any market or asset class, as the price cannot keep going up non stop.  The retracement would correct the market and give wise investors a chance to buy more of the asset. But bitcoin is overall Bullish irrespective of the price correction.

If we are able to believe that, it simply means that we are allowing the market to turn back down. But I don't think about it and that was not the case I've seen this time. We'd rather have to step out from being negative and think that the market will crash soon badly. Although it can be possible, however, the chances are not big to desperately think about it. What could be the best thing to do is to get prepared for anything will happen in the coming days if it is either the pump or dump.

If you look at the market all the coins have crossed their all time high valuation and if you are an investor wanting to invest you need to take the risk of the market going down. Since i am in this market for a long time and i have seen multiple corrections i would say is that once the market moves above the scope you never thought possible, wait for the market to consolidate and we will see a correction but the extend is impossible to predict because it is a new market and things are different every year.

No market will increase in value forever, so we need to learn how to take profits and manage risks in trading. The DOW theory holds in many markets and the same is true for cryptocurrencies. The Cryptocurrencies market has been steadily rising for the past year or so and they will likely continue to rise in the near term. After the bull run is over there will be a long-term bear market. That is the same as how the crypto market happened in 2018 and 2019.

If you are keen on observing the market, you will notice a cycle.  A cycle where an altcoin will have a price surge very fast then followed by price fall and moving sideway before it surge again.  So it is not surprising or new to the traders that whenever a cryptocurrency goes up, it will definitely make a correction and it is healthy because it gives way for new investor to join the market.

Yes. But if they hold it until now. However most people who buy BTC at $ 4k, they are already selling it for $ 10k. This means that they only spin money that is already there, and I'm sure it is very rare for people to hold BTC for a long time, unless they are billionaires by nature.

Cryptocurrency is really an amazing digital investment. And I agree with you, those who invest during the dip after the 2018 ATH and just keep holding and just sell now are already millionaires and billionaires. Crypto Market are volatile and there is always a dump, so always watch the market and grab the opportunity to buy at a lower price if ever.

Well it does feel like it but with a different kind of investor,
Back in 2017/2018 we doesn't have solid investors like what we have right now.
I am aware that they aren't here to stay but I think it wouldn't be so bad like before since we now have so many big companies buying it.

It all depends on what coin you are holding. If this is bitcoin and Ethereum, then the best solution is to move the stop after the price moves up. And if the stop loss is triggered, open the order again at a lower price. But with other altcoins, the correct solution is to sell in parts, fixing the profit.

More buyers also accept the risk because, in the downtrend, many projects have fled and accept to halt project development. Investment always carries certain risks, so we cannot know in advance. I love the saying "take profit is never wrong" even when the profits are low.
Investing in the crypto space is patience, I've seen its payoff in wealth.

therefore we have to know when is the right time to sell cryptocurrency that we invest, because we can't predict when the market will pump and dump, therefore when you have reached your target (get a profit according to your expectations), then my advice is that you better sell it and don't be greedy, because when the price go down, then you will definitely regret not selling your cryptocurrency and still hold until the price go down, so my advice if you want to invest in cryptocurrency, then you have to set a target for the profit you want and never be greedy.

And I really don't think that those people who buy BTC at $4,000 are still holding it now but they might sell it off when the market price reaches back to $20,000 as the worries have to start remembering the 2017 market crash. These investors today are new sets of buying prices and those who sell the Bitcoins earlier have also bought this time/or they are praying for the market price so they could make a buy button again.

That is really true and that is why we also need to be wise in taking profit just keep in mind that once cryptocurrencies is very volatile so as much as you can take profit, take it no matter how big or small it is.

If we follow the development of the crypto world then the big profit we have earned this year, Many who invest in bitcoin and ethreum now they are millionaires, then never hesitate with the value of crypto today because the value will continue to increase then do not waste this opportunity aja great profit you can feel, and choose coins already have high potential so that the risk we feel is not so great.

Exactly, we hold accordingly to our capacity, but at the end of the day, we still decide whether to sell or not yet once we already hit the profit. We are buying bitcoin because we are investing to be profitable, and everyone does not have the same target so it's normal to see some people sell and they are the successful traders as they make money, unlike those who hold for long term but they really don't have a strong faith and easily get panic when bitcoin dump due to correction.

There is more demands on crypto right now than ever so even any dips happens there will always be some who are ready to grab the opportunity, I'm not saying it's a goodbye to bear market I'm just saying that this bull market will last for a long period of time, I won't be surprised if market keeps growing till 2022

What you're saying is absolutely right but only applicable for bitcoin market and definitely not for any of altcoins market. And that is the reason OP is emphasizing about grabbing peak price levels whenever available. I'm not having any different opinion from that because we must keep booking profits in altcoins but we can continue holding all of bitcoin investments.

Even bull run will continue till 2022, we cannot be sure about most of the altcoins as not all altcoins are increasing at the same time, for example, top ranked TRX is still struggling without having any new ATH. So, booking profits time to time will be a good thing to have for any investor.

As long as the investors especially the institutional investors is gaining profit, they will stay.  Who would abandon a node full of gold?  Even with the ups and downs of prices, this institutional investors will always take profit from their clients.

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I wonder what is the difference between Bitcoin market and Altcoin market that the dips and increase is only applicable to Bitcoin Market?  If you observe, both markets can surge, can crash, can sideways, and lastly can recover and surge again.   Not because many altcoin market never recover from their crash means all of them are the same.

What goes up must come down that's one law of the financial market nothing goes up forever, but it doesn't mean something can remain at the top, but you must remember that not everyone has paper hand, the weak hands who bought bitcoin at $4000 would have already sold their holdeings, when bitcoin was approaching the all time high again, maybe they thought history will repeat itself but it didn't, and right now I believe 90% of bitcoin holders are not paper hands,however even if they decide to cash out bitcoin will never fall that low again.

I know in this cryptocurrency market there must be some people that dont understand that, as soon as the market gets to a high price level, some investors are definitely preparing to take profits hence you see a sudden crash in price after a big run up in price of some cryptocurrencies. This is something that should be constantly anticipated by investors so that you dont get held up.

most likely the continuous interest around bitcoin and altcoin will continue to fuel their capitalizations and those who are here for speculation will collect the profits resulting in a price dump but in the long term the balance between an increasingly scarce supply and a growing demand will return. .

If there will be more bad news like this : Alibaba’s Jack Ma: Bitcoin is a bubble, blockchain is practical (https://www.technologymagazine.com/enterprise-it/alibabas-jack-ma-bitcoin-bubble-blockchain-practical), then probably the market will go down. It's just all about the hype, FOMO, and the FUD, that's how it is in a speculative market, so, don't expect that because we are in a bullish season now, the price will continue to rise and will never have a correction.

Who said that people wouldnt care about taking profits? Im bit sure that 95% came into this market is for the benefit out of making profits or seeing this place as a source of potential profit if they tend to invest on it
and the 5% rest are  the ones who do really mind off  about total support in spite on what numbers its been showing.These percentage are basing up on my own view and presumption.Who knows if it could be more or less.
No one said that those who had entered on cheaper prices doesnt really need any profits, even if you are already a millionaire then its up normal that you would still find ways to make yourself
even more richer compared into yesterdays. People or investor wont really be coming into a point on where they are already contented.

Adoption rate now is high considering that there are companies now who are involved in crypto, letting the market down will cause them bigger problem so they will need to have some strategy to keep the market at boost and inspired other to invest in crypto so their investment will have some gains, some dips is normal for some to be able to enter in the market but referring to bear market to experience it longer may not happen until the adoption really went on it’s max possible effect.

What I can see in the market now is making a huge change, too different from what we experience 5 years ago. It finds out that more influential people coming in and joining the community but we also obviously get into such market manipulation. And what happens now is more on the buying attraction rather than seeing FUDs and declines. I expecting more people to come while the market still in the hypes like 2017. The longer the bullish season stays, the more it gains attraction and a lesser chance for the price to dump.

It's normal to have ups and downs in the market and AFAIK thats how it has always been, and I agree with you it feels like the 2017/2018 scenerio might play out again soon, but I hope you know that there is a huge difference between the bull in 2017 and the on we are currently experiencing right now, however fingers crossed for now.
We can't expect them not to take profit, at least that's the goals of making an investment "to earn profit", but i just hope you know that not everyone who bought at $4k will dump now, just because they are in profit, most of people holding till now are long term holders which will eventually cashout on their profits someday, maybe when bitcoin reaches $100k price, for now don't be carried away trade wisely.

Will I say that the coming of big companies and their adoption of crypto it gives a huge impact on the market? It somehow to think that bullish season will continue for a longer time, unlike what we experience last 2017. And to think about what "goes up must go down" is not what I saw this time. I know there are possibilities for a market recession but somewhat different like we think.

This pump was the huge pump and much higher than the pump back in 2017-18. Last time bitcoin dropped to 3000$ from 22000$ which was considered as the biggest dip at that time. I think this time bitcoin will retain its price will drop to 35000$ maximum as popularity and acceptance of bitcoin increases day by day. Let see what happen in near future with bitcoin’s price.

Bitcoin price movements can fall if there is bad news and various negative issues that attack bitcoin so that it can influence the whales to dump and make small capital players panic, so that new bitcoin traders will definitely panic too and will sell their assets at a price cheap. but you have to realize that the price of bitcoin from year to year will always go up, if the price collapses then leave it alone because doing traditional trading is more fun and you can use it for long-term investments.

Definitely what's goes up most surely come down, really I agreed with you op, looking at the situation onground it's a different that the year 2017/2018 is very different currently now than initial, crypt network is going up everytime and also changing  like educational field which changes policy always, when cryptocurrency started it was extremely  small in value but today is over larger in price which in next two years it will be more than the current values.

I also believe the adoption like what Paypal did is not going to make the market drop as low as $3K again. Yes, it's true that everything that goes up must come down so why didn't BTC goes down to zero back in 2018?  Paypal and Visa weren't involved in crypto yet during that time but the price didn't go all the way to zero.

Everyone could take profit, Elon had also dumped for profit. He is not very different from institutional investors but it's very certain that we are still in the very early stage of cryptocurrency adoption.

But you see the growth of bitcoin has been upward linear from time to time despite all the baerish, the market is now solid enough to keep the price at bay even when it's dropped atleast to half of its current ATH and then there's bullish again as per the cycle of bitcoin market.
Yeah, it's just the nature of thing like stock or crypto to go up very high then getting dumped when hype starting to vanish but overall if you see the growth of bitcoin from the first time it was created by satoshi till this day it feels like a really good growth don't you think? and im pretty sure if the blockchain technology such as dapps or nft being developed further its gonna keep cryptocurrency popular.

Bottom line is that crypto has a lot more to offer, and it's not like it will just keep its popularity, I am guessing crypto will be even more popular in the future! Of course, that popularity will bring more users... the road to full adoption! I am not sure where are we exactly, but if I have to guess I will say that we are not even close to halfway to that... So many more ups & downs are waiting for us, and for sure we will have some crazy periods, governments and banks will not give up their share so easily!

Use it for long term investment is one of the best practice, by using spare money you'll never be affected

in whatever market movements are on the process, you'll always aim to maximize your profits by setting

your target goal. From here the chance of losing money is  lesser, as long as you understand what you are

doin and you beleive that the market will continue to grow, you always have the high chance to earn decent.

they take profits then buy back below when the price drops deeply, and it will continue to spin like that.
it is an annual cycle that those who are patient will get the most.

Bitcoin is not that popular way back 2017 and 2018 so I think only few people bought at that price and it won't be enough to bring it below $40k or cause a massive correction of more than 60%. Profit-taking is to be expected so it is really better to have a separate funds when this happens so you can buy cryptos you want at a cheaper price. Market ups and down is normal, just think of it as an opportunity to accumulate when its down and opportunity to take profit when it is going up.

It can happen, but it's luck in taking a stand. If you dare to take risks, then everyone will get that opportunity. The reason is, what happened to the current Doge holders has benefited greatly. Doge's price is up thousands of percent from the base price.

I think those who bought bitcoin at that time for $ 4,000 dollars might have become newcomers by now, and are already investors in several other currencies that have low prices, be it in cardano, ethereum, bnb and various altcoins which has the potential to be more valuable in the future.

greed is indeed part of the problems that traders and investors have. they invest without proper planning. want a bigger profit is reasonable, but all must be based on analysis. Most of these people will regret it when they can't sell when the high price is trapped in a correction.

In investing, at least we must have the courage to take risks because by taking risks we will get the opportunity to take advantage.
and of course it must be considered not to take risks immediately
With the price of the doge going up, of course the holders of the doge are happy

I agree with you though, but however what about those that sold or took profit at 20,000$ and Bitcoin later went up, I guess a lot of them will be sad with their decisions and some might not even agree with you. In the same way, many coins which people sold all in a bid to take profit and the coin later went up, many of them might still be in regrets even till now. But yet, no one can predict this market hence the idea of taking profit as at when due, but in my own opinion, in taking profit always leave some coins, that is don't sell all because you never can tell what will happen later on, this crypto space comes with a lot of surprises.

Sometimes there are some execptions, what goes up, doesn't goes down as much as it goes up.
As we know, bitcoin price is keep going up from year to year. Indeed there are some down movements, but it is not much.
My conclusion is, what goes up may goes down, but not 100%.

I'm full of regrets and a bit depressed for leaving this forum for a long time. Back in 2017, I've accumulated enough coins to buy ETH and it was at the peak of reaching millions in my country. I should have keep watch for it even though I have a tight schedule at work and busy of other things. Now, its staring to go up but sometimes it goes down, I'm keeping a close look and analyzing these numbers, also, preparing myself for the risk I'm making. 

Agree with OP, I've also had many years in this field and have to see it like this, it will increase forever if we look at it with a long term position, and long term, how long do we have? Patiently enough to wait for it to increase forever, so you will not be patient in the short term and short bear market. With the current market I am confident in its life cycle, but I think it will end soon and lead this market to become more saturated we will not be able to see projects grow with numbers like in the jackpot :) . Keep in mind that if you have the patience to see a market just go up, ignore the physical nature of time and space to see what it will look like in the future.

Well that it true because when you look at most major cryptos, they have never come down to their initial bottom price, that said, during every circle, the price will surely drops form its new highs to some lower level which I believe the OP is referring to and we must learn how to take advantage of the price fluctuation.

Well, we know that, but thinking about it only makes us worry all the time. I'm better off trying to take advantage of the current situation rather than thinking that the price that goes up, will definitely go down. however, investors will definitely think about it, but those who focus on accumulating assets first will not focus on that.

Indeed that is why you take every profit that is possible to get because knowing that there are plenty of whales hodling enormous amount of crypto hodlings once they take profit it will definitely a big lost of every small funding crypto investors/enthusiasts. Remember its better to get even small profit than losing a big fund from your hard earn money.

Wow, I remembered my elementary days, Isaac New said, what goes up, must come down because of the gravity. Seriously, it is a good time to invest to crypto. Even small amount will do..Look for a good coin to invest. Make some research before you do it. It is better to have a small profit than to invest all your saving and in the end will lose it all.. Invest only on what you can afford.

Price increases and decreases are an inevitable rule of the market. It always happens in any market. To what extent the discount depends on everyone's need for the property.
For cryptocurrencies, this market is quite new and is attracting a lot of interest from large investment funds. Many new businesses have just entered the market, so the possibility of growth is still very high. Discounts will happen, but probably not by much.
The market is different from 2017-2018, we can be confident that this bull run is not over as soon as last time.

In my opinion, conditions like the 2017/2018 era are not binding. now, which position will we choose if the investor is clear. if we choose to become traders, the choice is always to read the market and follow tough investors.

There will be the right time for the market to rise up and also down. ANd today is the day for the dip market. Well, I am personally really don't want this kind of market situation, dropped price for all coins or tokens. However, we have no choice, we can just follow the market condition right now. And take advantage of certain situations in order to stay getting earning.

Yeah, let's accept that not all the time were in the bullish season. We have been staying for quite some time on that level, it's time for the market to fall as that will be the essence of volatility.
Perhaps, believing that the market will recover easily as the demand keeps sustaining at high. If ever it dumps these few months, it possible we can make a recovery early next year, who knows, right? All we have needed is trust...

Dogecoin was a one-off. If Dogecoin did not, unfortunately, have all the hype It did from Elon musk, Dogecoins discussion would be different, or there wouldn't have been any discussion at all about Dogecoin. I believe in situations like this we are referring to real crypto projects where you are assured your risk is 90% guaranteed. 

Indeed, we also need to see some corrections as those holders who managed to buy their assets much cheaper are now selling and enjoying their profits.

The market always recover we've seen many times and history just keep repeating itself, and like what have you said it's about trusting the venue of investment that you take,

Best time to buy when the market is falling better to assess all the actions that you'll going to take.

Well I guess some of us are looking forward for bitcoin's  price correction. When the time bitcoin are on a bullish and kept on climbing on its highest attained price some of us are asking for price correction but in my own personal opinion i didn't like to see cryptocurrenncy market in this kind of situation too. It is also expected that crypto market will going to undergo a price correction in an unexpected time and situation but this might going to happen. Let's just used this bearish trend to buy our favorite token and hodl till the crypto market bull again.

Bitcoin on the past when it cost was 4000 usd or under 3000 USD. Presently bitcoin effectively crossed 64k USD and truly it is mind boggling. In any case, We realize that the Starting cost of Bitcoin was extremely Low and Bitcoin will 100000 USD in impending Days.

Indeed it will surely gonna happened for sure for some whales in the market who don't invest for a long-term investment or not aiming for years of investment we can already expect that these whales are gonna take profit when the price is on the roof.

We never know what could happen since the price of cryptocurrency is just so volatile compared to other assets, I mean yes it's easy for some whales to hold long term since they have a lot of money, and probably their investment was just a small percentage of their money but time is always a thing since it might take a long time to take profit and if they don't sell of it will probably take another long wait.

When their investment was increasing profit it's always increasing its risk as well and all of the profit might be for nothing if the market corrects again, For sure they could always buy back which the market is correcting.

Agree, this market will not make any big move in the neartime, my plan for this condition is try to accumulate small bag while save the fund incase theres another big dump come to us.

to buy I think you have to make a belief in yourself. because after seeing how the market experienced a deep correction, it must have made some people panic about the value of assets that continued to decline. some have even sold at a loss due to following the market hype.
only those who believe and have good analysis will be sure to hold on to their diminishing assets. even most people equate it with 2018.

Those who bought bitcoin from 2009 is already a millionaire or billionaire now if they keep their coins until the bitcoins value reach the new $64K ATH. But I have some doubt because that there are still a person holding his coin until now, after the 2017 ATH. The situation now is likely the same in 2017 but if you see the value is still high. So, I personally take advantage to buy every time there is a little correction and hold it again because I believe, it will reach another ATH before end of this year if the demands continue to increase.

Yes, every investor should know this before starting to invest into a cryptocurrency. Volatility is one of the main features of this market. There isn't always going to be a bull market. Every investor should be ready to lose also.

I think that those people who bought bitcoin let's say way back in 2010-2013 and bought like boat load of Bitcoins, are already millionaires. I really think that this is something that we can use to motivate ourselves into commiting our lives and resources for the development of ourselves through cryptocurrency. Many did not believe then and those who persevered through all the drama and issues with Bitcoin and the top alts, have stayed loyal and now became financially independent.

If we had money to save, of course we could have invested in crypto long ago, and are now millionaires/billionaires. But the money we make is also a daily necessity. So that no one can save money for a long time unless they are millionaires/billionaires. I think what we produce now, that's part of our lives. Everyone has dreams, but not all of those dreams come true.

The problem is many people trapped on a joke project like Doge, i dont think hold em is a good option. If you hold a good project, at least just eat the hopium and increase your belief system...  ;D

Previous of bull market was started in the middle of June 2016 and ended in the last of 2017, in that duration the total of marketcap increased 100x. But for bull season now, just taking duration less than 1 year, and the total marketcap only raised about 20x, so from that, i can make prediction the bull season 2 should be exist for another 6 month or more.

the current situation becomes less favorable when we are in a stabilizing market. after a few people felt the loss when buying at the time of the hype that ensued and then the correction left everyone speechless.
I think there will be a deeper correction once the market is on the mend which makes some people believe the market will not collapse and prepare to make a new rally.

I agree with you. My problem is not that Dogecoin has not been around for a long time too with the older Main Cons but because of the way its investors now think it is some super coin that can on its own grow the way it has grown without the help of Hypes. The question is, unlike other projects like Bitcoin and Ethereum that have gotten to where they are now because of their self-development and adoption, can Dogecoin do the same? certainly not. So if you believe that this is the type of coin you wish to invest in and hodl for a long time, Your Investment Your Will.

You're right, probably those who held on to BTC for years have now been rewarded massively. While this may seem like a passing trend I'd like to point out that with another halving on the way (~ 3 and a half years away) there is still a chance to have history repeat itself.

If anything, we can all learn and prepare for the future accordingly, there is still hope. Crypto is still such a young industry that there's still plenty of potential.

I see lots of people who loses there money and now being stuck with this coin, they are those
who bought at the peak believing that the value will grow and reach above $1,

They've been trapped and now are frustrated with how this coin perform, such kind of risky investment
that only rely with what the advertisers like Musk will brings on them,.

Investment needs to have good understanding not just to blindly follow someone's opinion's in hope that their investment will grow.

Indeed, many are billionaires today for those who buy Bitcoin at $4k. But what about those who bought Bitcoin today at $60k. Have they become beggars? One person gains through the process of another person's loss. Things like this will keep turning.

Nothing goes smoothly, bad news or people talk and whoever it is has become a part of this industry and no different with good things there will be temptations to deal with.
if there is no such thing then there will be no such thing as down, it all depends on how we respond and intelligently judge the news or talk of people who can hypnotize us into panic and make mistakes that make things worse.
and things like that will not affect those who have been in this industry for a long time because they have previous experience, but will be a new experience for those who are new and it will always be like this and so on because nothing will go smoothly.

I don't believe so. This same issue could be said for those that bought Bitcoin back in 2017/18 for $20k, the only thing is that if you have faith in what you are doing or what you invested in and HODL out the storm we are currently facing, then the story will be different in the future for those that invested now at $60k when we eventually reach $100k  ;)

Very true!

Markets can never be bullish or bearish forever, and the fact that we have market players always buying and selling and some of these taking profit....markets will keep oscillating up and down which is something we need to get used to as a normal phenomenon.

and what goes down will definitely go up, we've often experienced this point so it depends on how we make decisions for the future we want.
sometimes we have to dare to go against the flow to get the main stage we want.

well, it's an ever-revolving cycle, and the truth is that the price is always high for what's always being developed. however, after the increase in crypto prices that occurs, a decrease will definitely occur, or what we call a price correction. at the moment, the crypto price is quite a dump, and I think the price will rise again soon.

That depends on the valuation and future prospects. If the valuation is fair, and the prospect of future revenue growth is looking good, then the prices will go up. Take the case of AMZN, MSFT or GOGL. These stocks have been going up for more than two decades now. No one really expects them to have a correction sometime soon, because their businesses are still growing. The same can be said about BTC. And in case of BTC, it is still only 12 years old. The bearish phase is at least 1-2 decades away, IMO.

That's the spirit! if you have that kind of mentality the chance to have a better compensation coming from the market.

Believing into something that you wish risking your investment, going against the odds might take you to  certain bad place but along the way it will bounce the same way we seen it most of the time, the market will recover and new ath are awaiting to those believers who can wait and patiently hold.

That's a guarantee that we will see a new ATH, but we will not be guaranteed as to when since nobody knows. Remember that we are in a speculative market, it's a high-risk investment and anytime the market would behave the opposite of our expectation, so we also have to be ready to accept that possibility as investing has two results, you lose or you make profit.

do you think this is the basis of the correction that is taking place in the market?
my prediction you will see price improvement or price stabilization then you will see a deeper correction. this is just my own prediction. to see a higher pump I guess would be difficult for the current market conditions.

Most bitcoin billionaires are not trying to sell the cue ball now because they don't need a lot of money to live. They are trying to get more value from these bitcoins. What's the point of the dollar now when it is only depreciating?

Altcoin is wholely depends on bitcoin and bitcoin is very volatile!  We are not at the point where bitcoin could act as  stable coin for the rest of Cryptocurrency!  I think we need a stability in order for Cryptocurrency to be adopted in a larger scale!  Almost all altcoin are down beyond reason and this is a good time to accumulate very sound technically good altcoin!

Your point is right. Which coin goes up it have to come down one day, not full but there will be little dump. We are seeing example right now, full market went up and came down. So I think we shouldn't be worried about it, because it's Crypto everything is possible here in Crypto.

It's true what you said, big institutions that invest their money in crypto will definitely look for profits. a big company that already has a lot of money they definitely get a lot of profit in crypto. they were able to buy bitcoins for as low as 4k and they have survived to this day. they are rich people who don't care if their money will come back or not. but after a few years their profits are getting more and more as the bitcoin price is getting higher. their wealth is far above ours, so we really have to forget about such people, we better find our own way to profit in crypto.

People say the history repeats again and we are already experiencing it these days. There are so many stuff in crypto universe that you wouldn't want to miss it but every thing has the end right?
Until that time comes, we have to take this opportunity to actually make more profit and grab some coins to the bag, so if the cycle continues then we are ready to join in.

Yes, but we also need to see and predict it before the upturn occurs and before the market goes down because often some people forget about the downturn when the market is in good shape.

Well, I think those who bought in late 2017 when Bitcoin price was at 20,000 dollars must have already gotten some good profit when Bitcoin hit 60,000 dollars a few weeks back. Provided of course they have waited and did not sell their coins during the crash of 2017. Many who have bought Bitcoins when it was down at 3000 dollars had a perfect payday too. Now all we need to do is simply buy the dip. But El Salvador calling it a legal tender changed the game. Now the alts are also rallying upwards because of that development, because it boosted trust towards cryptocurrency in general. So invest now if you have money to invest and wait for a few years and you will be able to reap the benefits.

what is the ratio mate?, of course the ratio of rich people who don't need money as you say is 1:10000,
and in my opinion whales do play an important role in the dump, but to kill the price of Bitcoin whales will never be possible,
so, no something to worry about with whales, be afraid of people in the crypto world.

The crypto market usually goes up and down and the price of cryptocurrency goes down as it does not take time to go up. The market is not stable and investors make more profit on the basis of ups and downs the right time is to sell the currency if the price goes up.

Just wait for a few years and you will see the US Dollar in the same condition as the Venezuelan Bolivar is currently. By giving out the excuse of COVID 19 pandemic, the US administration has sanctioned printing of banknotes on a scale that is never seen before in recorded history. The so called "American Families Plan" alone calls for an additional spending of $6 trillion. Some of this amount will come from an increase in taxes. But I expect the economy to go broke as a result of this crazy increase in taxes and the only solution then is to print banknotes without any limit. Within the next 5-10 years, US Dollar will cease to be the reserve currency of the world, because of the rising inflation rate. Now I don't know whether Bitcoin will make use of this opportunity and replaces the USD, but in case it happens, then many of us will be millionaires.

For short-term traders, of course, the opportunity when the market goes up is used to sell it, especially when it makes a profit. because we also need to be vigilant in the event of a dump, because for me the current market conditions have not shown good behavior. Moreover, the news in China is not in favor of crypto

looks like in medium term we will see another dump and back to 20k which is be untapped support. but if news still maintain well and only good fundamental release , maybe we will see 50k le5vel. china. in current moment price goes up and down very fast and taking profit will be good decision to avoid big dump.

Every market when goes up fast, would come down. It's simple economics. But booking the profit alone would not lead the market to fall provided that there are enough new people and capital to invest. If you look at the stock prices around the world, they keep on making new highers and there are a few harsh bears but the price has quickly bounced over the last all time high. Similar are the graphs for crypto.

Yes, and from the current state of affairs, do you think we will see the 50K level in the near future or below? because I see the current market conditions have started to go green with a slightly higher percentage figure.

Agreed! That is how crypto market works. Every one needs to take profit and short/long term market correction is the best possible way to gain huge amount of profit in limited amount of time. Exactly this happened in last month when the BTC touched $30k limit.

The very beauty of this market, there are more and more interested participants who learned to see the potentials of this industry, people who realize that there's really a good chance bag some decent profits coming from this market,

they are now exploring, some may suffer losing their money due to lack of proper understanding, when more dumped happened they've been force to sell out fearing that it will continue and burned everything.

at the other side, normally the market have bull and bear. More on how to place your investment in a timely manner.

yeah, economic activity is cyclical, and bull and bear market are usual in each economy cycle, with that said, bull and bear markets in crypto are bringing much more difference than in established economies, and that provide opportunity for great wins, but also could bring harsh loses, if you invest at wrong moments
it is not an advise, but investment during bear markets are proving much better, IMO

Your future prediction since you made this thread was/is very accurate and I was also expecting a downturn for the markets because it was all going up only with so much buy volume increasing daily. When the time comes for profit taking, institutional investors or those who have made millions or billions start taking out their money by selling on small buyers (whose collective volume remains very low on the buyers' side if institutions stop buying it). It depends whether they go for small chunks to slowly damage the market or break it in a few moments.

Timing in and out is the key to getting the maximum amount of money.
Volatility is the art of the cryptocurrency market.
Not completely volatility makes cryptocurrencies bad. Even some people make volatility an advantage that can be exploited.

If those people that bought at 20k at the end of that bubble were smart they would have bought bitcoin during the period after the crash and lower the average price of their coins to the point they could have been in profits way sooner, but we know the truth, a great deal of the people that bought back then were just looking for fast profits and as soon as the price crashed they sold and the few that kept holding could not do so for years and accumulated huge losses as well.

You are correct, the ups and down of the market is a healthy gestures that most of the trader are appreciated, but of course some of the newbies, most of the are the victim of the sudden ups and down of the market.

There are ups and downs in the crypto market is a natural thing, even it can be a signal when it is the right time to enter or leave. One's experience while walking on the crypto market also affects one's success in making profits.

Yes the big and long bearish season just like in 2018 can be happen again after bull season, and hard to predict when is coming. Just prepare for that situation because the market will never bullish all the times. Just take profit and withdraw in to fiat, and avoid all in crypto in this situation. But bull market also have high probability to start again, withdraw half balance in to fiat and another remaining hold in crypto for a few month, so we will not missing if bull market extend.

Of course, the price will recover and we will back to gain momentum again when we see the market taking some changes in the upcoming months. But before that, those companies that already spent lots of money on bitcoins and other altcoins need to take care of the other investors who until now have some doubt about investing in the crypto industry. because they are the main reason to make some changes in the market when their other partnership will invest as well.

This is the reason why early investment is the best but also have some risks attached to it. To be a millionaire or billionaire, there are some certain risks one has to take to break through the gate of success.

Those investing now in Bitcoin are later investors with high risks attached because there is high tendency of losing their money. The journey of Bitcoin has really gone far in which those whose invested in it few years ago has already benefited from it, becoming Millionaires and Billionaires just because they were able to see farther than those who complained of it being a scam with high probability of it crashing cause the government could not support it existence back then.

Even if such a bearish phase occurs, the long term holders don't have to worry much. Because the prices are going to recover eventually and in all probability a new ATH will be attained. The global adoption of Bitcoin is happening at a rate which was not even imagined before. A couple of years back, if I was telling someone that Bitcoin would become the legal tender of an independent UN member nation, then I would have got labelled as insane and mentally unsound. And yet it has happened. And who knows? We may be only a few years away from Bitcoin becoming a truly international currency, accepted across the globe.

But still there are times that the price heavily increase (what we called bull run) then after couple of months pumping the market, it will goes down again. It could normally back to the price that it started to increase. I think were heading to the bear market, we just experiencing right now is due to several good news and events surrounds the cryptocurrency which is good thing. I agree ups and downs are natural to cryptocurrency, in that point we must try to sell when the price is high if we satisfied with it and then buy again if the price goes dip. 

This market has always been volatile, so anyone who wants to trade in this market has to accept it. Noob has no right to complain, price volatility did not show up yesterday, it always was.
As a matter of fact, although this feature scares those who are afraid of losing, also drags the rest to the very center of the market to win big. There are billions of people in the world who have little money and want to be millionaires, and crypto offers them that chance.  ;)

Indeed, it takes guts because we'll never know whats going to be the future of what we are getting into.

Its always good to be one of the early investors of a hidden gem however most of us ignore the opportunity and only realize the mistake after seeing the price unexpectedly soar high (im pertaining to btc specifically).

Nevertheless there's always a chance to engage ourselves because its never too late. Grab the chance while we are not in bullish market.

that's what every investor and trader should learn and know. because many investors and traders get too caught up in the hype going on in the market and forget to plan them from the start. it makes everyone greedy for the assets they invest in.

Cases like that do happen a lot and maybe it's because of a lack of self-control,
I think things like that can be used as a lesson for all of us,
and I hope that traders and investors will not get caught up in the hype that is happening in the market

It could be, some bull trap would make the market more fear and make opportunity for whales to accumulate on the cheaper price.


Yeah at the end of the day, their money is their decision, but as part of the community we should warn them for doing any stupid decision to invest on a joke project or the worse scam project.

It is the nature of every cryptocurrencies in the end. We can't expect the market to continue in bull market all the time. We can have some periods like this also. We should follow the market closely and manage our investments according to it.

Oh what you've been looking for finally happened.
I've also been expecting them is bear for long, since march ending but I keep seeing new ATH and I was just confused but it later corrected itself and now we have the bears. What goes up must come down mate😎 gravity applies to trading but might not come down to the initial point it launched.

The issue with all of those people with a small amount of capital that want to become rich is that they should understand that due to their low capital they should resign themselves for this process to take a very long time and yet we see the opposite, they want to earn big and they want this process to take a few weeks or months at worst and this is incredibly difficult, and for every single one of them getting the results they want there are thousands that do not, and then they complain about this market being a scam when they were the ones taking the decisions that lead them towards failure.

And when the corrections keeps on coming, it may take time before it recovers. So in order for you to remain optimistic on this market is to know when to make decisions.
You should be able to take profit, save it for a while and wait until the market shows some significance that it's about to correct. And that's the time that you're going to buy it.

Not always crypto market conditions are on a continuous increase, there will be conditions everything turns red, it's better when investing, we have determined the minimum price we can tolerate, whether it's loss or profit, this will facilitate asset management and decision making on market conditions .

Such attitude towards this investment venue is very important, if you have that balance with your investment

you'll be able to adjust with your targets, either winning position or losing some of your money as long as you

know what you are doing, the chance of recovering or getting something decent is very possible for you to acquired.

Respect and fear the crypto market all the time，in a bull market, it can rise so high that you can't imagine. In a bear market, it can fall to your despair. Yes，this is the magic of crypto market，please don‘t be greedy.

that is very correct. for those who are experienced in the crypto market, of course, they see the potential to still make a profit.
but for those who are beginners will be confused to take steps when the market is volatile. the safest is probably to take a good asset for the long term.

Yes, I agree. Cryptocurrency has an ups and downs. Bitcoin started in a very low price and boost until the years cames by. Bitcoin highest market price right now is very unbelievable on how they get through all those problems they encounter and how they handle those tough situations when the market price is very low. Now, Bitcoin is very unexpected on what they get right now, of being such a Billionaire or a Millionaire during these days and having a highest market price which is good for all people who invested.

Indeed, that is why being here in crypto space you need to be wiser and vigilant in the movement of the market and also if you are just a small funded investor if you get a good amount of gain and profit always keep it because at the end of the day these institutions, corporations, millionaires and billionaires will definitely take a very big amount of profit without any notice.

Yes, setting a minimum price that we can tolerate, is a very good solution for everyone at this point because capturing the coins at the lowest price is a very extraordinary thing to do in these conditions.

It's not just about setting price goals, some people set insane price goals and it makes you wonder if that's actually possible to achieve, I think people expect too much from the market/coin and forget that up is not the only way prices go, if investor will not be too greedy and try setting realistic goals, then they won't be caught thinking whether to sell or hold when a coin gets to the targeted price.

That's the global truth. If you climb up a mountain, later you will have to go back down. If you throw something in the air, will fall freely under the gravity. Similarly, if we see a bullish market, we need to keep in our minds that there will be a bearish  market soon. So apply stop losses, book you profits and get ready to buy from the dip.

I'm a little bit curious to know what you know about the crypto past. Why do you have an interest in a new bounty if you were an investor? Crypto is totally different than real stock exchange. What goes down price, must be upper than the last down price. You profit must be there, just don't invest in shit altcoins. I noticed the crypto bear market is always longer than the bull market.

Hm, but aren't we all similar in that regard to some degree? Especially when you are new to crypto and you realize there is this dream and this potential, you can quickly lose focus and modesty. That's very easy in crypto actually to become greedy because once you had a 5x return in one year you really start to think that 2x per year is a weak year compared to other investments like stocks. That is problematic.

Yes, and taking assets in the long term is always at the top of the cryptocurrency space, because those with money to spare will always be after the good coins at the moment to make a profit when the market recovers.

Yes, and in general, everyone always has their own way of thinking by making decisions that they think may be profitable even though in the end it is not, so that other people have no right to restrain someone from carrying out their decisions, even though it is not wrong to suggest which is better for others.

It's not bad to suggest but letting them to do their stuff and make the decision on their own,

will lead them to better position, investors and traders needs to rely on their own and avoid

listening to what many are doing, it's a matter of taking care of your money during both

bear and bull seasons.

Looking back at 2 month old Post from OP, it looks like what he/she was feeling was absolutely right. People will take profits, it's not like everyone will hold forever but how much they'll sell is a topic of discussion. BTC dumped below 30k$ today but pumped back to 32k$+, means there are buyers waiting for it to get dumped as long as we have loyal buyers we'll be looking at a potential Bull run in the future.

Yes, you are right who bought BTC at 4000$ maybe they would be a millionaire or billionaire. But I think most of them had sold their BTC when the price goes up. The winners are those who sold their BTC at 60k$ or still holding because I think BTC can hit 100k$ soon.

The problem with those kind of goals is that if they are too high then you are still going to have the same problem as before and if the goal is too low then you are going to sell to soon and you are going to regret it, you need to have a strategy that can adjust your goal automatically so you can catch most of the bull market but at the same time you can get out of the market before the bear market comes, if this sounds difficult believe me it is and it is why so few people can earn money in the markets.

the more experienced users know that the market is cyclical and alternates pump and dump phases at more or less regular intervals, to return to profit we just need to know how to wait, the most savvy still manage to make a profit even on such a terrible dump

I think for now growing price of BTC ended! BTC price depended from China, check news, they restricted transactions and all moves with cryptocurrencies! Soon price will go down again!

It's true that it's not easy to determine a strategy that fits the goals we want to achieve,
especially if we just follow the strategies of other people it probably won't work,
better keep learning by trying to understand the market

The price of cryptocurrency is down accross board and I believe this trend will continue until market correct itself! This is going to be a long journey and cryptocurrency traders and investors should prepare for this long winter! It will be easier for those that took profit from the market ath! Those who do not take profit will have to wait it out or find a job to sustain themselves!

Better to think that way as that is a realistic way of thinking. When there's bad news, a serious one, it will usually lead to panic because of FUD and we are in that kind of situation now, the confidence of the investors are dropping because of the bad market, and we will not only witness this dump, we might see more resulting to bitcoin dumping below $30k or even $20k.

Yes, I agree that what goes up must come down. There is no such thing that remains on its position since it is cryptocurrency, we must need to expect that. Maybe it will lead to panic for some people since it really come down this past few days but I believe it will rise again. Once the market prices of cryptocurrency became down, it means that it changes its prices or correct its prices and will increase its market price higher than before. Just like how those people investing before, investing from cryptocurrency and taking risk help them to become a Billionaire or a Millionaire. People needs to be patience during downfall.

The market of cryptocurrencies is almost impossible to predict especially if you are invested in altcoins as they can move in unexpected ways for reasons completely unknown to you, this is why it is better to be an investor, obviously it is not as if this is easier as you need to make a very deep research to know if the project in which you are investing is any good but once you do it then the only problem you have is to hold your coins and you do not have to guess anymore what the market will do from now on.

Yes, I agree, everything in cryptocurrency have ups and downs. Just like how other coins went down but rises again until the market correct itself. There's no stable prices that remains itself on its higher position, once you invest in crypto currency, you must need to expect this things. What's great is you buy during downfall and sell during the prices increase. I suggest to find a job to those people who do not take profit to sustain life.

"What goes up must come down", a play on words. Well, that doesn't imply in all cases. At least, I know of prices of goods hitting the roof in unregulated capitalist African nations without price control never going down, once up it's up continually. The invisible mechanism of price correction in crypto and Forex trading is what brings prices down as engineered by the influence of market forces. Remove that, price won't ever go down. It will continue on a bull rally. Investors love it that way. In 2017 when Bitcoin price hit an ATH unbelievably, a lot of people felt it won't ever crash. But it did. Now that we have seen $60k plus and its correction currently at $32k+, no one can rightly guess where it's headed next. It could go either way - Up or Down.

if the price is seen at this time, maybe a lot of people will lose if they still save when buying assets two months ago..
but it's all up to us alone whether we can keep it long or not..stay relaxed and don't rush..

all coins will experience ups and downs as they should, you are right when you buy bitcoin at the price of 4k you have already benefited many times, it's beautiful to survive to get new ATH

Big players will constantly invest in bitcoin even when bitcoin will be 100k$ or even when bitcoin price will be more than 100k$ and then these same big players will sell their bitcoins to other big players at very high prices, and now the usual correction of the cryptocurrency market is just taking place, and therefore when the correction of the cryptocurrency market will be over, another growth of the cryptocurrency market will begin and bitcoin will again begin to reach new heights.

whether that's true or not. but what we do is the same as small investors. Our plan of course will sell at a high price. there is no coercion from anyone to buy or sell the assets that we own. which may be profitable for large investors.

but the crypto market has always been like this. no need to be afraid of what happened. some of the panicked are those who might just be new to the crypto market. but for those who are experienced, of course, what is happening in the market today is an opportunity for them to still benefit.

yeah right, it's all depends on traders / investors if how they plan to sell or to hold their assets, some might be left due to greed while others

have more plans to continue keeping their coins knowing or believing that it will pump many times than what it brings now.


It's doable if you truly believe that the market still have many things to offer, those who keep their coins after that dip and managed to sell  when new ATH happened, they've got lots of profits from trusting their  instinct to keep holding.

Ups and downs will be there because of market fluctuations and profit booking. But if you are investing in genuine coins such as Bitcoin, Ethereum, Cardano and BNB, then you can be assured that in the long term you will end up with good returns. But if you are investing in shitcoins, there is no such guarantee. If you are lucky, then you may end up with good profits. But in most of the cases, those who invest in such coins suffer huge losses. It is not unlikely to lose your entire capital on such projects.

Free markets and controlled markets move very differently, it is because of this that the books that are honest and actually try to teach you technical analysis say that you should never trade a market with a low volume as it is heavy manipulated, the markets that you are seeing in those countries are not regulated but there is price controls, so if those people are the only ones that have some products then they can charge whatever they want for them and no one can introduce more products to reduce the price as it happens in any free market.

Would really be the main target but majority of us do really ask out even more this is would really be resulting into missed out opportunity on selling on possible peak that they had presumed earlier
which would really be leaving that regrettable feeling.

What goes up must come down? Of course when we do talk about market then this would be the primary behavior because we cant just called it a market without having these kind of qualities so It
isn't really that surprising totally.

Thing here is that you do know on how to ride with the waves whatever the things would happen into this market.

for those investors who are professionals of course know how they secure their money or even with the profits they get.
it is usually done by selling some to get their capital back and the rest is profit which they will gamble again in the long run.

of course everyone has often been involved in this discussion bitcoin forum and they have also been involved in such matters and conditions.for that as a commodity engaged in the crypto world will no longer feel surprised by such developments.especially when it is currently experiencing a decline the price is quite significant.so it has become commonplace for crypto players

That's a huge part of portfolio but I didn't sold more than 10% from my portfolio. And I'm already good with that profit that I've made. I know that it's going to be down somehow after it has reached a certain peak.

But I'm moving forward to see the next peak and then sell near to the same quantity that I've sold.

to get profit that equals your starting capital is a big relief to any investor on any domain, because just like you said, every penny after that is a profit that they should be happy with, they can make risks after that with at least some of their profit for more and big profits.

The nature of cryptocurrency, there's always where the price has to be corrected, it's a natural thing, there's nothing to worry about, just waiting for the right moment to sell it, and so is to buy, definitely and the moment where it's all going down.

If you are more comfortable with what you have and willing to wait for another bounce,

The market will rise back the cycle will continue, if you are willing to wait and you have that confidence then the benefits will
more likely good for your investment, it's all about how you work and how understand what inside the market, no need to
panic when downfall is ongoing it saves you a lot notbeing triggered by fuds.

Yes, I agree, maybe some people says that waiting is just a waste of time but in cryptocurrency waiting means earning high profit of what you've been expected. Everything that we are into has an ups and downs, not just in an organization but also in ourselves especially when we talk about cryptocurrency, it maybe experiencing ups and downs due to some issues about it. If you are willing to wait and have the confidence on your crypto coins, then I think your doing well and also you have such great benefits especially about having good investment. During downfall, you don't have to be panic as long as you know and understand how market prices changes. Having downfall means theres a big changes on it and maybe it will benefit you sooner or later.

in fact, even USD has a different value in each country. well, what I want to say is, cryptocurrencies are very volatile coins. up and down very quickly depending on the needs and circumstances. what goes up, can come back down, and vice versa. However, one thing is certain in this regard, namely that the price of bitcoin is always increasing, and that affects altcoins. So, I thought of holding back depending on the circumstances I was in.

Yes.

Many of us have that belief that the market will bounce back and it's going to be more than what it was on the all time high. There's no need to panic during market corrections as it's very normal and I've endured a lot of it already so there is no question if one comes again.

And with the market situation, it's likely that we're going see it bitcoin bounce again to $40k although the last time it was quick. Next time, it's going to stay there just as it's staying on the $33k-$35k.

Involved with crypto especially bitcoin one must really believe that the increase will come at the right time, and after the increase there will definitely be a decline, correction and so on so don't panic and have to understand how crypto works especially those who are new to crypto or beginners.
and whatever happens to crypto especially bitcoin does not apply to those who have been in this industry for a long time because we have experienced it so whatever it is, it will be calm and normal, do Hodl or take advantage of the decline to make purchases and hold for the long term.

Yes! what you see from the market is a normal cycle, those coins who received good appreciation from the market experienced
increase in value but for sure afterwards it will experienced corrections and the value will begin to fall down.

The best thing to do is always have your position both upwards and downwards those who managed to invest in much earlier
period always gained decent compensations,

while those who are been moved by fomos and fuds are those who lose from this market, be aware that timing is very important,
always set your goals and make sure to review how the market for certain coins move to anticipate and earn from your investment.

I agree with you if what goes up must come down and I also believe if what goes down will go up, so now is the right time to invest in cryptocurrency, because I believe the market will recover and increase again, so we can get a big profit from investing in cryptocurrency at this time when the market is back on the rise, so don't miss the current opportunity to get a big profit from investing in cryptocurrency at a low price.

That's definitely the case, no need to worry if you buy at a high price, there will definitely be time for the price back to be even higher than what you bought, and vice versa, so the problem is we can't predict how long it will be, we can only see the data through the chart.

Such principles only apply to crypto-assets that are good in the market. does not apply to meme crypto assets or shitcoins. because most of the new projects there is a possibility that they will not be able to stay in the market for a long time. once registered, there is a possibility that the developer will also leave the project.
the up and down movement of the crypto market is common. and those who can take advantage of the momentum are those who already know the potential assets of the crypto market. so they won't be tempted by meme coin or shitcoin.

Relatively, there will be a rise and fall. This is normal. After all, the market is ups and downs. If Bitcoin becomes a legal currency in the future, its fluctuations should become very small. But for now, it is impossible to achieve no volatility.

Why? Everything is obeyed with demand and supply rule. Take a look on current popular currencies. Their fluctuations in exchange rate are like hell also. Or another good example is oil and petrol. Almost every fart from a country with huge and strong economy made its price change.

Yes, but if the downturn lasts too long, then people will also be too saturated in the market because in such frequent downturns it is very difficult to make regular profits like in the past.

Even if how many times you try to tell some people to not panic, they will still do it regardless. It is just that some people committed everything to crypto including their valuables.
I even recalled some people selling their land only to find out that they threw it all to crypto.
You can't stop people to letting their emotions from that.

Yes, it is part of the strategy carried out by big investors because they rotate large amounts of money so it can be very easy to carry out such a strategy at any time they want, which of course is to get profits and secure the capital they have used.

Its what investing is and its even happening in market stock, something that going up wildly tend to have a big pull back. Its better to stay on fudamental and think for long term in investing so you dont have to worry about the price so much.

It is usual that investors will really extract what they can with their capital and that is to make money out of it.

Such investors have been known to take only profits and they have no plans of losing and that's why they know how to do it. Buying at the dip and selling at the top. The rinse and repeat strategy.

But they handle it with discipline.

I remember when bitcoin price goes high as 20k last 2017 and crashing as low as 3-4k I think.

Seeing it again a few months ago, bitcoin goes to 63k to what? sub 30k?


You know when the sentiment bad and the all price go down, seeing my portfolio took cut 60-70%..I strongly believe that too, Doge,shiba or any other alts that have high rally..will eventually go down in price,.

Just because you do not believe something can happen it does not meant that it does not exist, we know of people that got their bitcoins during the first months of the existence of it and they are still holding those coins, in fact there are many coins that have been considered to be lost only for the coins to move years later, so we know this happens and it is going to continue to happen as those people are not interested in getting fiat for their bitcoin, what they want is to use bitcoin to buy whatever they want without converting to fiat.

And you were right afterall, we were reliving the 2017/2018 era where everyone became carried away by insane gains and forget to take profit out of the market, it didn't take long for reality to set in and now everyone is wondering when we are going to get back to $64k, for people who have been around during the last bull run I'm sure most of them were expecting that dump and must have taken profit before things went sideways,the people who got affected more was mostly the new investors who got rekt because they were thinking the market only goes up, too bad now they are faced with losses in their wallet.

That's true, I witnessed that situation too, and I panic a bit.
But because of that, I learned and understand that bitcoin will never die, it may look like it has collapsed but it will surely recover.


$30k is still a huge amount if we compare it to the last bull run, from $20k it dropped to $3k, so we might see a drop from $60k to $10k at least if the same trend will happen. It may look so low but we have to open all the possibilities as it's needed to make a good judgment regardless of the market situation.

Most of the time on where altcoin would be pulled down as bitcoin had that negative or decreasing trend which its a normal or typical even though there are instances on where altcoins do go to the
opposite side when it comes to price value but in the end of the day they would just be dragged down when the bitcoin price decrease trend continue for long or moving sideways.
What comes up must come down really because that wont be called a market if it would just continue to rise up which is already considered manipulative thing you've been dealing with.
As a trader or investor then this should be a basic stuff that you must be aware.

The ups and downs of the crypto market are common. The value of these cryptocurrencies will not always be at a high level, will not always rise, and there will always be times when they fall. Different people will profit at different times, so the market will definitely adjust differently.
For those who want to invest in Bitcoin and those who care about Bitcoin, don't feel emotional because of price fluctuations. We need to hold it until its price rises. :D

Right. This year has the opportunity to make huge profits in the crypto space. Therefore, take advantage of the opportunity now to invest in crypto while the market is still a bull run because after an increase there will definitely be a correction. Never squander an opportunity.

We see the market condition differently, what I am seeing now is a correction and we are not anymore in the bull run. Bull run does not last for a long period and I guess the bull run that started last year was already over when the price dump below $30k. And though Bitcoin is still at $30k+ higher than its previous bull run, we cannot be 100% sure that it will rise as, during the correction period, markets are usually bearish.

that's around 10% left if price goes down from 60k to 3k , and we hope its not happen again to us. Market will be very panic and everyone could sell their crypto assets except who still believe about crypto future. Market move very dinamic and all possibilities should calculated to prepare the worst scenario.

Back in 2014 and 2018, we had corrections amounting to more than 80% from the ATH levels. But it may not happen with the cryptocurrency market this time, because of two factors - 1. the entry of institutions in to the market in a big way. These investors can hold on to their investments for many years. 2. a lot of the users are already aware of the 4-year cycle and may think twice before they get rid of their coins during dips. The correction may still happen, but instead of the 80% we had in 2018, we may get 40% or 50% at the most.

Yes and you need to take your money ready when you buy in. Current market condition approach you to buy in, so when the price is going down people are good to go. Emotional control is the hey of success, those who overcome emotional crybabies during the bear market get the success.

What goes up must surely comes down is a certain and sure Truth about the movement of price in the financial markets. The market can not keep on going bullish without gaining momentum to go Bearish for a while then facing another direction for the next trend.

Looking at the cryptocurrency market since it beginning to this very time, we'll see that the market always retrace back to it original journey before continuing it initial trend. This help the market to remain uncertain, enticing more traders and investors to the market to compete in the market. The cryptocurrency market is full of come risks that everyone one that is into it must take necessary precaution to avoid potential loses.

I think we have not been able to position ourselves like the billionaire by buying a lot of BTC and then selling at a high price, this is not possible for me personally.
but we need to be optimistic and learn how billionaires work.
Today the desire to become a billionaire is very high for our goals, considering that the 2017/2018 era is back to life, where in those days we were like being awarded coins without having to work hard and the results were quite maximal.
and I will also forget about large institutions that invest large amounts of money in crypto, considering that I also want to focus on pursuing what they thought before becoming a billionaire and I will continue to cultivate this certainty.

I agree with you, I think cryptocurrency are currently heading in a better direction than in previous years, because now many global companies have started collaborating or using platform from cryptocurrency, then of course this makes me not afraid to invest in cryptocurrency in the long term, therefore I am currently buying more and hold for the long term, because I believe the market will recover in the near future and when the market has recovered, then of course I will definitely get a big profit from investing in cryptocurrency at this time.

Well, in the long run yes, there's no doubt we are heading to a better future.

However, in the current situation, we can still say that the market is manipulated because from below $20k, BTC pumped to $60k and now we are back at $30k+ at a very short period of time only, it corrected hard because the price is overpriced and we don't know how long the bear market will last.

yeah right, that huge pumped brings another interest from newcomers, but eventually the value fall back and now it's hard to assess if what will happen next, it's been some time that the price is playing within $30k-$40k.

The direction  still unknown and everything went to every investors and traders speculations, time to buy if you are aiming for long-term.

With a high hope that history will repeat itself and many good market movement will take place inside the market, while for those short-term holders, they can play continuously and try hard to bring something decent out from the market.

I am with you, i experienced also being on top which is taking profit on little investment until the time comes and all of my invested funds lost. But never give up their is always another opportunity that will lead us to success . 

After 2017 ago I invested a lot of crypto money and at the end of 2019 I was gloriously disappointed and almost frustrated because the price of crypto or BTC was so weak that I thought the price of btc would disappear from the face of this earth, so I took the initiative to sell the rest, it turns out I wrong and very sorry, I finally decided to rise from zero when the price had soared, so I started to get excited again because in the bounty world I have reached my target again in the crypto world, and so I can see my investment in BTC again

Sorry but I think it depends on how the influence drives it price. When you think that market sentiment is dieing, some influencers would just ignite the market and then it will start pumping. Though I have observed that despite the external influences, the market still look bearish but that doesn't make it bullish. The institution wouldn't want there investment burn and be at a loss.
There is high hance that the market may rebound to the upside if the news momentum news keep coming. Traders and investors are now move by Elon and others.

People have a different mentality, as for me, it's easier for me to believe that bitcoin will recover once it will be dump hard, and since I'm open to that possibility, I don't need to worry anymore when the price dump, instead, I see it as an opportunity for a chance to accumulate at the dip.

I'm not surprised with the pump now, with the speculation that Amazon will accept bitcoin soon, it's easy for people to reach that it's a big thing, but if this will not be confirmed, we might see a big downtrend because those who made a profit from this pump might dump again to cash out.

You made a mistake by calling them "investors" instead call them idiots because if they are listening to Elon and only invested in Bitcoin because he said its good now then they are dumb and will be the first to sell when Bitcoin hits a hard period.

When the bull market starts and people see that everything is green, they want to buy more and more. Then something happens, for example, some whales decide to take a profit and sell, prices start falling and as a result a big bear market. And some people consider it to be the best time to buy more, nevertheless the red market is a real disaster  for others.  :o

I think it depends on what you mean by "must come down" that is, in some cases it can be termed price correction, massive dumping or rug pull. Starting with the second type, that's the most terrible which is seen in a very big number of cases as well as associated with altcoins with no use case or pump and dump coins, so in this case once you are in profit, selling is very much adviced.
As for the first, it is normal and can be seen in mostly good coins thus providing entry for those who want to buy, because it is certain the price will increase again. Basing the comment on Bitcoin, anyone can take profit whenever they want but Bitcoin over time has shown that holders are actually better, those who have been holding Bitcoin for years now have gained a lot. Also, most times people clamour sell when in profit which is quite easier but how about buying back? That is quite tougher as most people do not get it lower, a good case is those who sold Bitcoin when it crossed it's ATH of 2018 last year, till date it hasn't dumped that much.
As for me, know what you want to achieve, that is long term or short term, also know when to take profit but endeavour to leave some bags and most importantly know that type of coins you hold, because not all that comes down must goes up.

Not really. Good things stay up like Bitcoin, Ethereum, etc. Not a financial advice.

Every market has its ups and down and don't be carried away with the frenzy in the crypto market. as it is going up. it will go down later. just be observant and know when to sell. else you will loose out. currently, we are about heating toward a bull market and it looks attractive. many are jumping in thinking the market is back. as you join, be careful because the market is a trap.

many altcoins have experienced this. but in my opinion this is not the case with Bitcoin. because Bitcoin is very consistent every year it experiences a high increase and bitcoin never falls in price or returns to its base price. ups and downs definitely occur in the exchange market but bitcoin has always survived and continues to improve every year. and this is felt by long-term Bitcoin holders

Not necessarily. Bitcoin is still up since its release in 2009 😉.

i think it is part of the process. the true is that some of us are yet to learn and understand how this crypto investment runs. there has been up and down and people have been loosing while some are gaining. it is a two way process. as some people are loosing, some are gaining. no matter the side you find yourself. try as much as possible to have a pull out plan to avoid loosing everything.

Its do a bit correction too, but the ones with real value will keep growing in the bigger picture  ;) (larger timeframe)

Long term is the key but to think off that not all would really be having the same target or goals or does have the patience on waiting up that very long and this is why there are people which are really very mindful
about short term gains or profits.

What goes up must come down which is normal concept because this cant be called a market if we do just seeing one path or way on where it do takes and we know that it is composed of sellers and buyers
then its just normal to have those volatile prices.

Profitability will always vary on how someone is good on playing with the waves and make himself sustainable at least.

When I remember past back how I missed opportunity in cryptocurrency.. I feel bad, but I know there is still hope even now

sellers and buyers take turns making transactions when prices go up, there will be many buyers who take transactions, and vice versa, and therefore it is normal for waves to occur, when the number of buyers and sellers are far apart, the fluctuations will be even greater, and from there we can see people who smile and cry