Bitcoin Forum

Who have bought any coin during crash?
Who also HODL during market crash?
Congratulation for you , you are deserve on cyptoworld.
I'm not insider, but think this by LOGIC, Elon, with his company, TESLA , bought bitcoin around $33,000 with $1.5billion, i know he already sold 10% of that to prove it "Liquid", but it means he still HODL around $1.35 billion worth of bitcoin.

Do you think he will let bitcoin goes down during crash? While he have bought bitcoin on $33,000, do you think he doesn't want any profit from his investment? Do you think Elon is stupid for let market crash and make his investment down a lot?

Elon is enterprenuer, he had became the richest person in the world. He is not stupid, he even much clever than the rest of us. With only 1 tweet, he can make people buy lot of any coins he tweeted. Recent news he even has contacted how to make bitcoin more "green" to use later, which will make TESLA re accept bitcoin

Few days back whe bitcoin was down more than the price Tesla bought, $33,000 THAT'S WAS THE FUCKING BEST TIME TO ACCUMULATE MORE COINS.

Slap yourself if you didn't buy any coins on that time, and SLAP YOURSELF HARDER WHEN YOU EVEN SOLD YOUR COINS DURING CRASH

So you do really believe that Tesla hadnt sell out when the price is going down from 50k down to 40k or somewhere in between? No one could really point out if they

are still holding up their coins or had actually sell it out into those times because if we do consider on how much money had lost up on that particular span of time
then $1.5 or less is just a small percentage if we do base up on the cap but i do agree on the sentiment that buying out that dip price
is indeed an opportunity for us to get in.

Prices now are starting to climb up once again and luckily i did able to get in but only in $34k which isnt bad though.

There's no need to be harsh on yourself, if you made bad decisions its fine as long as you learned from that bad experience and do better next time. I don't buy that much during the dip because of luck of funds so I cannot force myself to borrow money just to buy the dip, most of the time your decisions will always depend on your capital, congrats to those who bough at the dip and just keep moving forward to those who miss the dip, there's more to come.

Selling 10% would be standard portfolio readjustment, big funds usually have various rules they must follow with the holding sometimes they use a hedge and all kinds of strategies that most personal players cannot justify employing.   Sometimes its based volume weighted averages and all kinds of measures but often when price goes up they will shave some off for just such a scenario as now, it leaves him open to rebuying at the lower price I guess though I don't know he will be.

Yup, it's very different for this big institutions and whales, they have a portfolio manager that will manage their funds, so they know what they are doing during a crash. Unlike for us average joe, who sometimes panic and just listen to other advise. So it's possible that Elon could have dump some and then re-buying at this dip.

Personally, I didn't buy in this dip, no extra cash, but I didn't sell either, my holdings is still intact, I'll probably sell off some when we reach 6 digits.

If I were to play this slapping game, would have slapped kyself silly long ago. Dollar cost average, my friend. The only game most of us can afford to play withot spending days glued to the screen. Got lives to lead, things to do. All of this drama is for background noise, a cycle of soundtracks for the distant horizon.

Of course. For most people it's the best. You plan a purchase program over time (e.g. monthly) and you keep following it no matter what the price does. Price goes up a lot? Whatever, you keep buying. Price goes down a lot? Whatever, you keep buying. Only when you have accumulated a large amount can you consider taking profits.

I am buying many coins before and a few days ago, but I guess that is not the lowest price because after I check in a few hours later, the price still getting down. But that still a low price for me because the price now is bouncing back to the high price, more than the price I bought. I am sure we have a different plan about what we want to do during the crash time, but only a few of us that will buy any potential coins at the crash because we always calculate first before we do something.

Me too, right now that I don't have money, I would probably be on the hospital with a swollen/bleeding cheeks. Believe me OP, @buwaytress, me and other people who are smart enough to invest in bitcoin really wants to buy but there will always be the limitations coupled with the will to accumulate more.

I just don't understand the people who bought bitcoin just to sell it lower, do they come up with this masterplan at the time they decide to buy bitcoin or what.
if they are so afraid of the dumping they shouldn't be in crypto market in the first place, or not even try to invest on anything at all since all of investment have the risk of lose.
I honestly think that those kind of people better stake their money in form of stablecoin instead, low profit for the mentally weak person with weak hand, and that's only the thing suitable for them.
Or instead, they should just go to those overbought and overhyped AAPL stock maybe they can get rich after 1 millennium passed.

They're called weak hand investors that don't have the patience that is needed to enter a volatile market that could go up or down in a moments notice and they are only here for the money, and they think that when you invested in bitcoin, you will instantly become a millionaire. I don't think staking is going to help them since they don't even have the patience to hold out that long and you expect them to do staking?

Do you suggest that we should rely again on Elon Musk to boost the Bitcoin price back to 60K?
What if he continues with his FUD?I read news,that some crypto miners are "simping" for Elon Musk,by trying to use more green energy and reduce CO2 emissions,as if this will convince him to buy more BTC and stop with the FUD against Bitcoin. ;D
Nobody knows whether or not Musk/Tesla had sold their Bitcoins.If Musk really sells his BTC,the market will crash again to 30K USD,but this isn't something bad.We don't need people like Elon Musk in the crypto community.

Yup. I do try to time every now and then and since I don't actually buy (I invoice in btc) it really kind of evens out over the long term. Lose some win some, so I hardly get bothered anymore by the swings in between.


Buying the dip's quite a privilege, agree. Even if you have spare cash lying around as a retail trader, what's $1000 really get you more at 30k of 40k BTC? Doesn't make economic sense to wait for dips if you're just building a nest egg with spare cash.

I agree with this if you made a mistake there's no need to be harsh or punish yourself,
You just need to learn from it and make sure that you would never repeat it again.
And OP there are times that we as a trader sell out our crypto during crash to cut loss so do you think those who does it would really sell their assets if they know that it would bounce back in just a short time?

as much as a small investor wants to buy the dip, all they can do is hold for the pandemic gives us little to no option to gamble in the most volatile market. there is no extra money left. 😬

what can we can only do is play along with them. next time that the market couldn't break the ath after several attempt while the market is overbought,  move your funds to stablecoin and wait for until elon could once again revive another fud.

We should be thanks to Elon. Who do you think pumped bitcoin price from 33k to $50k? It was when Tesla announced they have invested $1.5billion in bitcoin. You are so arrogant to say he doesn't need in crypto. I believe 99% would prefer Elon stay on cypto instead you on here.
He is trying his best to make bitcoin "more green" for our environment, while you guys only care about mining with VGA which is become rare on market now, lol

Hasn't Elon Musk stopped bitcoin as an alternative payment for his product? I'm not sure about his influence lately, I guess Musk was only able to create FOMO sensations, not by directly affecting the bitcoin price.
Regarding the remaining bitcoins he holds, right now his supporters are just waiting anxiously when Musk will dump it entirely.

That elon is so brilliant guy and there's no way after all his efforts he cannot receive a benefits from it,  now see what happened after some negative views from him? he successfully demolished the market and now he's posting some positive stuff about bitcoin, for what reason actually ? Of course the plant B is ready to launch wherein the real intention and goal to make profits..lol
ppl are really blind when it comes to this situation no offence..so all i can say is  sorry for those who have lost and make an exit for their safety its a wrong move actually..

Everyone will agree with this statement that Elon as well as Tesla is having more credits for the bullish rally from $33k to $50k or more. Also, everyone would prefer to not have the manipulator Elon Musk who just playing around with Dogecoin to pump more along with the whole market. If you think that i'm blaming Elon for market dump, than it would wrong because i and others already spread awareness of Elon's tweets that many newbies will cry and blame Elon when market will be on correction mode which is happening now. Also, many influencers will come and eventually left this crypto industry, but bitcoin won't go anywhere. It'll even pump without those influencers, just look into the bitcoin's price chart from the beginning.  ;)

Many people are new in this crypto world and they are not used to such big crash of more than 50%. Those people might have sold in panic but then they will learn will experience.
However, those who are here for last 4-5 years, they know that these times when bitcoin price is falling, its a best time to accumulate more bitcoins.

i am always buying bitcoin whenever i get some extra money that i don't need. it happened that i came into some liquidity recently when the crash happened and i was more than happy to dump it for bitcoin.


but it is not up to him or anyone else for that matter to let bitcoin do anything. they can panic people into selling some coins and crash the market for a little while or hype some other idiots to buy for a little bit but that's all they can do.
in the end bitcoin will do its own thing.

Agreed, the OP is right in the sense that this is the opportunity to still buy bitcoin for a good price before the bull market resumes its upward trajectory, however it is obvious that Elon sold his coins, the sell off of 10% of his coins was a test and once he knew he could sell his coins easily he did at a high price while at the same time crashing the price, maybe to buy once again at a low price and get more coins or get the same number of coins and keep the rest in fiat, so even if he says that he is still holding his coins I do not believe that at all.

I dont care what Tesla and Elon Musk did or didnt do because in time it
will matter less and less.

I have mixed feelings about the "crash"

It was an exceptional time to buy at a 50% discoint on the ATH,
but I didnt have any spare funds so I couldnt take advantage of the sale.

I'm not going to slap myself because I have some spare funds now after
paying the mortgage and utility bills so I'll make a purchase with Bitcoin under $40k

Do we really think that majority is really believing that he had only sold of 10% of those bitcoin? with the recent drop that we had experienced then theres a high possibility
that he had really release off those coins and secure profit for himself and trying to look himself not bad in publics eyes. If you are on his foot and someone who
does have reputation then you wont really be letting yourself look bad into the eyes of people.

If the time permits and if the price will dump below $30k, that will be my buying position but I think it takes time to have it as we are still almost $40k.

Anyway, people can set their own buying price, $38k is at its best for those who can't wait long. The price is very volatile, fluctuation comes so visibly that we are not worried for the price to dump and it surely recovers.

I hope we don't miss any single opportunity coz it never happens once again. Or you need to wait for another year.

I really wanted buy right now but all my money is on the crypto bucket so I can't do much but hodl what I currently have because I can't sell right now since the prices are really low and my profit if I sell right now isn't going to be that big. If I am stupid, I would've slapped myself to death if I have the money and I didn't bought during the crash.

It's hard to hold especially when you see the price is dumping back again and I'm wondering on when the market recovers since seeing people get stress out for their balances hold is totally sick, I have my friends got stuck for the current drop happen recently and gladly I decide to exchange my alts to stable coins since I feel already to see the worse when Elon Musk spread fud and China issues come over.

It's not that hard if you have the faith that the prices will go up in the next coming days, yes it is stressing to see the price dumping but we can easily avoid the stress if we just stop looking at it, that's what I have done and the next time I checked the prices are going up again.

Man, anyone who didn't buy during the dip might be saving their cheeks for a slap because Btc is heading down to the last low, right?
Everytime Bitcoin makes a huge correction is always good time to buy, it's not that because Elon was tweeting positively or negatively.
Bitcoin has taught us that since day one. However, due to personal financial capacity, not everyone is capable of buying during the dip. So, I guess they might be safe from the slapping as well lol.

If Elon really purchase that amount ,so what happens to the market ? Elon seems to be tweeting every movement he does but why silently purchasing ?

i don't think this is logically .

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But I am lucky buying in dip.

The current market condition is kinda sketchy, we didn't know yet if the was already over not unless chart shows a reversal. Yes, It's good to buy on dip if you are lucky enough but it's better to enter once there's already a confirmation on the market direction.

Not everyone can do this and it is true that many facts happen, when prices are still high they want a correction because they want to buy lower after the correction occurs and the decline continues, they prefer to secure assets instead of buying, that's a different mental soul this slap is ready. when they want to see a recovery when not all recover can be an advantage but for sure when the decline becomes more basic what they are we are more dangerous.
From the positive and negative sides, it depends on what we do, including buying during the downturn and don't depend on any tweets.

it has been confirmed that $ 30k is the strongest support from Bitcoin, and look at the same reflection as in 2013 and 2017,
yes when the bull market happened everyone hoped for the lowest price, but many didn't realize that it was a trap so that all panicked sell and whales buy it at a cheap price,
so why be afraid to enter now? i am sure $ 35k is a cheap price before it hits new ath

As long his own wallet address isnt known or simply owned by Tesla or on where those coins been stored then there's no way that we can tell that those coins are still in intact
or havent sold yet.

And like on what others been saying that the market had corrected hard which presumably those big buyers from 30k -50k had already secured out their profits
specially on hearing those rumors about bans and other related sentiments.

Buy into these dips? Its a must but people do keep on hesitating on doing that.

I have no problem with Elon Musk in the crypto community.

We don't need him in the Bitcoin community.

Fuck "crypto".

If he deeply cared about his Bitcoin investment, he wouldn't spread FUD about it in the first place. There's a rumor that big Tesla shareholders became worried about his Bitcoin purchase and how it would reflect on them and Tesla as Bitcoin is being branded as "ecological disaster". So he was forced to denounce it, and he doesn't care about Bitcoin and his 1.5 billion deeply enough to oppose those shareholders. He's afraid of them dumping Tesla stock much more than losing on his Bitcoin bet.

For what reasons do we hurt ourselves? Slapping yourself is not the best way, even if this is just a drawing, I am personally not interested.
sometimes, buying crypto when the price drops is like catching a falling knife. And it's dangerous too. It would be better to observe briefly the possibilities of going down again or vice versa. then we can decide to buy again or not. but for me personally, I haven't sold my assets even though the portfolio is still down, I'm trying to hold on.

Just because he bought at $33K doesn’t mean price will stay above that figure. Saylor average is like $26K or so.

It can go lower than $33K and Tesla can hold the bag for a few years but most retail traders cannot hold this long especially at a loss.

If it goes very low they can buy more to average down, most retail traders probably can’t however. Saylor is going to be a bigger issue if his debt is called and he will need to sell.

Looking at the movement of Bitcoin in the last few weeks, it looks like $ 30k is indeed Bitcoin's strongest support. Hopefully Bitcoin won't drop
below $ 30k any time soon. We have indeed experienced conditions like now in 2013 and 2017, so how deep did the Bitcoin price fall,
surely it will not take long to recover and be able to rise higher. So there is no need to be afraid or hesitate to enter the price of $ 35k,
because this price is already cheap in my opinion, if it turns out Bitcoin will indeed go back up again to the ATH price.

They crash of coin actually differentiated investors from gain seekers. This was actually a revealer of how many persons have control over their emotions and psychological relationship with their cryto investment. A whole lot actually sold their coins and s few held on to theirs and the wise men bought more. For me I both applied the Hodl and buying more coin because I knew certainly there was no way Elon musk would relinquish his coin having acquired such huge share. I had the feeling he was manipulating the market so he could get a better entry point to buy more coin. I see him more as a smart enterpreneur who wants more value for his investment

While I do not believe he has any coins from his original stash there are many ignorant people on the market, just look at what happened when Elon began to talk negatively about the market and how it went down because of it, I think there is the possibility this was the plan from the start and this was done in order to get some money for his companies that despite the high price it commands on the stock market it lost money and only turned out a profit because of bitcoin.

Probably he prefers to stay in loss with his btc investment on short run to avoid putting Tesla into polemics with the powerful eco-terrorists, what consequently would create more problems and losses for him and his business. But I think he also cares for his bitcoin investment, because he didn't give up on bitcoin at all. The way he made the announcement gives the impression it's just temporary.
Anytime from now on he can come to his twitter and say something positive about bitcoin again, like it's not harmful to the environment anymore or that miners are fastly shifting to renowable sources of energy. The point is, does it worth for crypto community to become hostage of a man's tweets which portrait more volatile opinions than the crypto market's volatility itself?

The thing is, Elon Musk's tweet can only have an ephemeral/short term effect on the price of Bitcoin, but in the long period it cannot. It's the people who will allow themselves to be moved by his tweets and prolly sell out of panic that will lose, and they are mostly newcomers; it's not possible for Elon to control the network, but it's possible for him to play on the emotions of users who don't really do their research and do not believe in the network as well.

I've never sweated over any of Elon's comment about Bitcoin or any other cryptocurrency, and definitely with time, more and more people will understand how the network works, and will pay little or no heed to what he says which will reduce his influence to zero.

@numanoid, looks like you became too emotional.  ;D
Elon was not, is not and will not be the reason why btc shot up and then down. He is a profit maker, but he invested in btc what he can afford to lose, so even if btc goes into a negative value (under 0), this guy will have no impact of it on his portfolio. Crypto is like a game of chess for him, and he thinks he is the king but we are unnecessarily giving him too much importance in crypto for which we are now seeing results. I do not say that he cannot move the markets, but other institutions also hold unique significance in crypto because of their investments.

I'd rather slap myself if I panic, we know for sure that the price will bounce back but to know exactly when that's a big question market. Everyone has their own strategy, mine is simple, don't follow the hype but at the dip, simple but effective.

We've seen how the market is struggling now, maybe because the hype is gone and people slowly taking out their investment, we might not see a new ATH again this year, and correction are likely to come, but then it's just my personal opinion though, I could be wrong.

The most benefit was made by the whales during this crash as they accumulated huge amount of Bitcoin and making profits by selling at peak and accumulating double the coins at low price levels.But say many of us still miss the boat this time as usual and will regret afterwards.I personally had invested some funds into btc and ETH proponatinally as they were surplus funds to me and whenever I have surplus amount they go into crypto investments regardless of prices.But people don't need to slap themselves if they have sold due to some financial reasons and fear of market loss as it is normal sentiment of reaction for many traders.But still we need to understand the importance of investment in our life.

I think when making decisions to buy or to sell experience of the bitcoiner is the most important.
New investors easily get scared of loss, they are often prone to reckless decision or panic but this is normal. On the other hand experienced bitcoiners know the Bitcoin price history, the peaks and downfalls so I guess such investors new how to use recent situation on their best interest and now they don't need to slap themselves. Not only whales made the benefit although they had slight advantage. I still believe that even average user can benefit much from Bitcoin, only when he gets enough knowledge and experience with some touch of luck and skills to manage risk.

So far, I'm still holding on to my crypto assets because I believe the bitcoin price will hit $100k this year. however, I think that many people only buy when the price is going up to follow the trend, and sell when it's down because of panic. however, I still believe bitcoin prices will be high with or without Elon Musk.

Precisely.

The institutional backing for crypto is still there, stronger than ever.

Fundamentally, nothing has changed. The current round of dumps is fueled by nothing other than people's irrationality and likely a long squeeze that resulted from a highly leveraged market at the peak.

It's almost comical how Musk is able to sway the masses like this. It makes no sense for his stance on BTC to change from day to day - it is likely just him trying to enter the market for cheaper after a round of FUD.

Those people are exactly that kind of people who gonna get robbed by whales manipulation, all the fuds going around and the dumps that causes fear, if not for triggering those weak hand people then i wonder what else is the reason. remember
big institutional accumulating from the weak hands, the news about the increase of btc in their portfolio have been published a lot lately, maybe these people should see how these big boys playing in the market by their own rules then they gonna understand that their decision totally influenced by the big players.

If you go by the principle of purchasing cryptocurrency during the dips, then you need to make sure that the prices have bottomed out. Unfortunately, despite the recent correction, I don't think that it has happened. The bitcoin dominance is still at around 42%, which is almost at the same level we had before the correction (40%). Shitcoins such as DOGE and XRP are still having huge market capitalizations. These indications mean that the current phase of correction hasn't covered all of the crypto-assets.

Thank you. I hope you bought some too and those users who are clever enough and had buying power before the crash happen. Kinda risky but hey, I'm a long term holder and corrections are just nonsense to me :).

This is when he is very optimistic when it comes to Bitcoin. I know that 1 tweet coming from him is very powerful - powerful enough to move the price of the crypto market go up. Just him accumulating Bitcoin let the price go higher. Him supporting DOGE made it skyrocketed. All of that changed because of a single tweet coming from him. I'm not saying that no one is supporting or following him anymore but knowing that this huge correction that happened made some investors loss their money and worse their whole savings account (which is a mistake), I'm pretty sure that the investors who are following him decreased by a lot.

Kinda harsh but opportunities like this comes every few months or years so take this opportunity to accumulate even more. Don't be pressured and don't panic whenever you see your portfolio go down in USD value :). Just stay calm and trust the process :D.

Good if you still holding your crypto and believe in bitcoin because bitcoin will give a surprise to us by increase the price step by step.
If people only buy when the price is going up, that will be their mistake and they will regret doing that as they do not know when the price will get down.
And if they do that again and again, they will not survive and will lose their money shortly.
Our job is to analyze the market before we analyze and find a good time to buy bitcoin. Maybe holding for a while will be a solution if we can not analyze better than the other.
Do not force ourselves to follow the trend, especially if we are not sure where the market will move.

There's no need to say these words, its quite common to commit mistake but at the end of the day, experience will be the best teacher to not commit the same mistake again. If you repeat what had happened then you already have an investing problem and deserves to slap to be on the right track.

The tweet of Elon has really become big deal. His followers and investors are relying on his tweets for the next decisions they will make which I think is absurd. They let this personality drive their investment decisions just because he is influential and believing that it will really happen. They let themselves be manipulated, well its their business anyway.

As an investor/trader who know the history, the dip is not as bad as what others think because its an opportunity to take advantage the cheap price so just buy and be positive.

I do not think that Elon is that powerful that much, sure he "was" powerful that much but I am not sure if he has the same type of power anymore. His manipulation helped a lot of people make a profit but now that he dropped the market or at least started the drop on the market people are realizing that maybe he is not that great neither, maybe it is not nice to put all your money into something that one guy can change all of a sudden.

This is why I think it is quite important to realize we are at the mercy of one guys tweet and that is why people stopped caring about him. I am seeing less and less of him in the media and the crypto world which is a great thing. I still think he is an important figure but I just feel like he doesn't have the same type of power he used to have in the crypto world. This is why I care about what he is doing and what he is saying, but I do not act according to it, I just stopped caring about it, just following it only.

Elon Musk has a service because he has pumped btc and doge before, this makes the trust of many people his strength, so it's no wonder that many will care about him when the tweet is generated on their social media, a little power must be there but now I also don't ignore it even ignore what has been tweeted in crypto now Elon can no longer change bitcoin meaning this manipulation has no effect anymore because he already knows the roots behind all this, wants to destroy more basic and buy it blindly normally what whales always do follow it.
But I believe a little bit of bad news will disappear over time and forget what FUD is. The most important thing is how to keep investors consistent against weak hands.

One of the interesting things of influence is that the one trying to influence you has as much power over you as you give to them, this means that Elon had a lot of influence over the market when he came in as people were happy that institutional investors were coming to the market regardless of their name, but then when Elon turned its back to this market and began saying all of that negative stuff people began to disregard his opinions, and even if he is trying to regain some trust back in the community this is not working as people do not believe him at all.

He has no power? Then go to your time leap and back to Jan 2021 and see how much bitcoin was worth, then you go to Feb 2021 and see what was bitcoin price when TESLA announced they have invested $1.5billion on bitcoin. Bitcoin jumped to $50,000 because of that, how does it mean he has no power?

some people still don't understand that elon musk has a lot of power, and the power he has can be decisive in deciding the direction the bitcoin price takes and this is something dangerous because he can make a lot of money manipulating the market


I took advantage and sold some things to buy more bitcoin and litecoin


I'm still trading, but I must say that was very difficult to buy at $30,000 because binance was slow


of course he won't let the price drop too much and he won't lose money

Good for you that you are still hodling bitcoin and I hope that your belief that the price will reach 100k this year is going to be true because I really want to see some big profits this year as I am hodling bitcoin too.

What else can we do? it's no luck to have a lot of profit from Doge,
I'm sure many don't realize that Doge can reach $ 1, yes that's magic in the world of crypto currency,
of course you can slap yourself, but don't be too rude haha, better move on and focus on other coins

If you miss the opportunity look for other options, there’s no need to be rude on yourself because it can just add to your frustrations. If you really believe DOGE will hit $1, then you still have time to buy. Don’t rush in the market always look for a perfect timing to buy and sell, its worth it if you spot the big opportunity.