Bitcoin Forum

Yes, if you are one of them, you should be richer now. Bitcoin went up to $40,000 now, when yesterday it was down to $30,000. You have made 30% profit just within 1 day whatever the amount you bought the dip/crash (whatever we called it) several hours ago.

And if they continue to hodl that money for a long time and while they are on the way to hodling that bitcoin, they can also accumulate more, they will even get more profit because bitcoin will go up as time goes on.

How i wish that I'm awake when the market crashed but sudden that I am still sleeping and just saw the market in the morning.
there are amount that seats in My binance account ready anytime to buy in situation like this.
waiting for the dip to make add to my folio.
That's what they must do now or else will miss the run in the following days.

Am not surprised, $30000 was highly tipped to hold and if price did reach here to be bullish, then all buyers where waiting for price to come down to this point.

Am just hoping it finds momentum to go to the upside, and change the talk of the week from bearish to being bullish.

They could gain more or lose all if market dips again, just being prudent of what might happen.

The network was crowded, the servers were slow and the number of people who had the opportunity to purchase for the price of 3000 was almost non-existent.
Many of the platforms were slow, the network was overcrowded and had very high fees, and some did not expect a quick bounce.

Personally, I see what happened yesterday, a clear price manipulation.

It's most fuckin rich those who bought Bitcoin under a 1000$ and still holding right now no matter how long they are holding it. That 30% profit in one is not that insanely high due to futures and margin trading. There is an ETF on kucoin that offer x3 leverage without a risk of liquidation. Maybe you guys check that out.   :)

We also have to mention those who got lucky in the futures because I am sure that they got a lot of money there too. If this plummet continue, I think that we are going to see more people getting a lot of profit because of their investment growing because they both at a really low price.

It's true they earn 30% in one day. But will this continue? or is this just going to be a knife injuring them?
holders btc $50k+ are still around or not at this time they still incur huge losses. 30% of what you say is not in their favor right now.

Well if they sold now, they'd pretty much have a guaranteed profit right now. Even if they didn't, the chances of Bitcoin dipping to $30k is again, a chance for them to buy in and profit, easy as that. The prices going down by more than 7% in a day is always a chance to profit in the short term since there would always be a lot of people trying to take advantage of that dip to buy in. Bitcoin dipping isn't a negative, it's actually a chance to profit.

I'm not sure who's these lucky rich people who bought at the dip because the last time I checked the mempool (https://mempool.space/) it was congested and the fees skyrocketed maybe because the panic sellers were busy dumping while the dip buyers were also busy stacking their stash.

Btc is starting to climb again and ready to make another rally I guess. But I doubt that 30% net profit. You have to consider some of the slight volatility and high tx fees.

Those who were able to buy Bitcoin at $30,000 was so lucky and strong. Those who sold it was so weak. In this setup of extreme volatility, the weak will always feed the strong.

But the $30,000 was just a wick in the candle. It didn't stay for long. Those who risked buying at that price deserve to make profit in the end.

If only I had the money, I would have already bought way before Bitcoin touched $30,000.

Still feels freaking painful. Once you had a top you feel poor again if it drops just 5% from top. So, for me that means that if 64k was the top (no I dont think so in long term but think we visit 20ks again) I will hold another 4 years instead of selling at 50% off.

If people know the potential bitcoin price to reach a high price of more than $64k, they will not sell it for just $40k because they will hold it and wait for a long time until the price hits their target price. Not many people can buy bitcoin at $30k, even $28k because they are amazing at that moment and forgot to place an order buy at that price.

But congratulations to people who already bought bitcoin at $30k because they got the lowest bitcoin price so far. Yes, they can take profit for now, but that will decide whether they will sell or still hold it.

Nice recovery but I prefer to look more long term. We should reach new ATH’s before the end of the year so whatever profit dip buyers made in the last 24 hours will look even better later in the year.

HODL.

Sure I'm not one of those guys who buy at 30k because I was just holding mine despite the loss of value. Its good that it retraces very quickly. Don't you think the price will soon drop again?

I guess the institutions are preparing for this dump so they could get in with the discounts and grow the quantity of their coins.

That's what limit orders are for... trying to do in real time is just unnecessary aggravation (I should know, I use Coinbase LOL).


Or a bunch of leveraged longs / defi loans getting liquidated. Or a bunch of Robinhood kids getting all panicky.

Lots of stop loss around the 200 day possibly, some of which are unable to hold whatever is desired.   30 to 20k was a buy area but I barely got a chance, its always like that just blips down when you look away.   I didnt think the recovery was that bullish, lacking volume but its continued up so far.   Maybe we need to revise downwards again at some point to improve that situation but for now its above 2 day (https://talkimg.com/images/2023/06/12/AJWj2.png) average, it has some measure of momentum on its side while keeping this.

Nothing new about that. It's just a quick dip to $30k levels and lots of windows to buy but not a lot has actually braved the situation given that it's still looking grim no matter where you look for. Volumes are still low and I don't think $40k can hold for long, not unless some unseen forces are holding it together—which is, in itself, highly improbable too. A lot of people have been burned by these crash on different cryptocurrencies, and have even reconsidered selling for a loss, especially those who only bought due to hype without doing some research.

it is always easy to talk about the lower price that used to be after we are above it and talk about who bought there. you could also say those who bought bitcoin when it was $3k last year instead of listening to the FUD about falling to $1k are rich.

also there is a lesson to learn here which is during drops like this you have to start buying but not all at once. place a bunch of buy orders all the way from $40k to $30k and hope for them to get filled. place less amount on the level that you least expect to be reached and most on others.

Not sure I would agree with the clear price manipulation. Although, there was definitely people out there that were influenced by some statements  from others in the space, which definitely caused many people to panic. My interpretation is; those that have invested based on the public shifting in favour of cryptocurrencies likely bailed, once a few individuals, and companies turn towards a more hostile outlook (if we can actually call it that, but in their perception they likely saw it as that) the act of these panic selling drove the price down, but this was the perfect opportunity for those that have standing orders, and those that leaped at the opportunity to grab more Bitcoin for less, which resulted in another turn in the tide, and increased the value.

Well congratulations on whoever gain from that dip.
I was waiting for more but it seems that it already hits the lowest price that it could and didn't get near my target price.
I don't know if I'll happy or sad that it didn't get o the price that I wanted but still I think it is a good one that it didn't continue to drop down.

Imagine people who sold at the top and bought the dip. They're definitely laughing because the top is coming back and new tops is going to be ploughing through all this FUD.

Maybe not next week next month next year but eventually. That's the true beauty of Bitcoin I think. Patience wins the day and everything else is forgotten.

They don't see the profit, they see the loss. 30% in 1 day is better than any APY.

The recovery is so fast and those who buy are of course very lucky to be sold now but there is still potential in the future and bitcoin can feel again, this is not limited to the end because I am sure we will start somewhere good so this is one bitcoin can still be let's say 10% made a recovery but we have to see how the market moves and volatility.

Nobody is sure who is rich by buying lower than the current price, except the whales we recognize by buying more than we are only a fraction of when compared.

But I will hold on until the price recovers and remains HOLD.

Thats what you called "Buy low Sell high" and price didnt really dip down to 30k but rather 35k to be exact. For those who had able to risk out then theyre definitely making some profits.

A casual trading stuff eh but there are lots who had been freaking out when they do saw the price is going down.For those who had able to buy the bottom then that was an easy money.

For now, lets see on how prices would really be moving on this time if it would truly recovers or would be having another round of price dips.

Rich...  I think that's a word only poor people use, because those with wealth don't consider their money to be the source of their riches.  Money is like time, it doesn't really matter until you run out of it, then every little bit becomes extremely important.  Talk to a wealthy person about what they value, it probably won't be their bank account...

My advice, especially to the young people is to learn how to be happy, as that is something that isn't determined by riches, and I think if many people did become wealthy, they would find it isn't the answer to their problems.

Don't idolize those with riches, idolize those who are happy.

This is why I like Bitcoin, its price is very volatile. If we make the right decision, can generate profit in a short time. It would be fortunate if someone
managed to buy Bitcoin when it dropped to a price of $ 30k. Unfortunately I am not among the lucky ones, because I doubt that when Bitcoin drops
to $ 30k it will rise again. I thought Bitcoin would still go down in price, it turned out that my guess was wrong.

This is the opportunity you only get in the Bitcoin market where you see a major correction and then all of a sudden the market recovered and i was waiting to see the market settle down and at one point i thought the market would go down further as the entire alt coin market was bleeding badly and i was not in a position to make any decisions but congrats to anyone who was able to invest when it touched $30k as the recovery was faster.

Indeed, those people who already bought many Bitcoin yesterday, they already become rich men today. But I think they will keep hodling their Bitcoin because they know the Bitcoin price probably increases again more than $45K. It is actually one of the advantages you invest in Bitcoin or other crypto coins, the price can increase significantly only in 1 day.

This may be true to bitcoin, but everyone should be very careful also in this market.
I just read that someone ended his life due to losing much during this market crash.
So like everybody is advising, just invest funds that you can very well afford to lose.
It is easy to accept the loss if it is not your life's savings or no one is depending on that funds.
Not many people are lucky in this market. With very high volatility, one can easily lose or gain money in just few hours.

It wasn't really a big decision, plus not everyone buys whole bitcoin or bitcoins, some people like me buy at lower levels but with a small amount. For example I had a buy order at nearly 33.7k dollars or so and yesterday that one got hit and I bought $500 worth of bitcoin, that is nearly nothing in the grand scheme of things, hell it is not a huge amount even for me and I am not going to sell it right now neither, I am not going to sell it even if the price drops more, in fact I will buy more.

There are so many people who keep fussing over how much we went down and I do not understand those people, you were the ones saying "I wish I got into bitcoin earlier" and now they are saying it is so much down and they are going to lose it all bla bla bla. I mean it is lower right now? So, if you want to buy low and sell high and make profit, it is the right time for it.