Bitcoin Forum

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners 8)

well, that's life. some people panic when they saw BTC plunging below 20k and saw the 17k level. but for those who bought at that price range, they can even sell it right now at a profit. people act differently when the market is fluctuating so bad, and some holders are weak for so many reasons. we can't blame them because they have their own reasons. but for those who are still keeping their coins, for sure, they are starting to feel a lil bit of relief because they are seeing green again.

i do not believe that there were alot of idiots selling at a loss down to $17k.

i believe it was the old whales that were giving up but still selling at a profit (coins they held from days where they acquired them way below $17k from the good old day)

to which. now they are out and no longer holding coins they acquired and valued as profitable at below $17k
the new holders that bought at $17k+ are setting their 'limit' to (being smart) never sell below $17k+ break even

and thus less people with coins acquired below $17k. and more people with coins acquired above $17k. thus supporting $17k as a stronger "bottom".

disclaimer:
that said i acquired a hoard in 2012 and im still in profit all the way down to extreme low prices.. but i have no intention to sell at low prices... im not saying there is no one else left with coins that can still profit below $17k.. but there are far far less of us left that could.. and now far far more people with a $17k+ base break even limit they wont sell below..

anyway
those buying at $17k. can sell at $20k and make 10% profit in one day.
thats alot better then bank account savings interest that only offers 0.05% a year

Hopefully, it's a good price bounce and stays above $20K. Those who have already picked it up at $17K may be quite happy and may not find another $17K in the future. On the other hand, the bad news that has been affecting market prices for a while is expected to pass. The panicked sellers actually felt a thousand regrets.

Not so many would sell at the $17k price, only a few that don't believe bitcoin has a future about it and fall for the crap that, bitcoin is set to crash. Although, it made people panic and I had friends that were telling me to sell/withdraw all I've got but, I surely know better.

It would be a shame to have been on the forum and been into cryptocurrency for a couple of years now and still, not get to understand how the bear market works. The bears have been surprising lately and as such, I can't count on the current $20k price to be something to be hopeful over but, its a good place for a start and something to smile at.

Those who had been getting FUD might already be sold out their Bitcoin and they might be at this moment scratching their head seeing the market slowly recovering.  Selling your Bitcoin at a loss is totally insane or you can be called an idiot, they didn't patiently wait until the market will recover.

For the old Bitcoiners, it seems who already understand this situation, and those newcomers that easily get FUD might have regretted it now.
I have a lot of friends investing at $17k since the market has grown a bit a little for sure they are very happy right now and I will try to contact them later to know what they feel like.

We may laugh at them now.

I ma sure that the price of Bitcoin will be changing soon because the market is still very unstable. The bearish is till ongoing. The price may be dropped again.
So silly to see people who panic enough with this current market, moreover who sold their Bitcoin because of price drops that made panic situation.
But, it will be different if those people are selling the Bitcoin because they are  traders, this will have different purpose. Holders or traders may be worthy as long as we know the ways. The worse is that we want to be a holder but we are too panic every time we see the market red and dropped  :D

We can still go down though .

Just don't forget that the bearish season might continue and the current flash bouncing are temporary only , wait and see if the price break 21k and stay there for a coiple weeks then i believe the bottom were indeed at 17.7k .
Im cutting losses at 19k though but get backup now as i got some more below 18k.

Very few users could've invested in bitcoin and have sold it on loss. Most of the users could've known much about the risk of cryptocurrency market. You can accumulate when you build-up trust over bitcoin. This is the fluctuation of the market. Users who were with worries out of the market can make use to earn something.

most who sell at $ 17k are beginners who still can't control their psychology so they panic easily. and when prices rise again they will panic again and move quickly to buy back. because for those who are experienced then the price of $ 17k is not the time to sell but the right time to buy. sometimes people get caught up in the news. and they even sell when the market is red and buy when the market is green. of course they become losers and losers.

I have no doubt that a bunch of people sold because their technical indicators broke through resistance. And none of them will say anything because TA people always talk about their successes but never about their failures.

people keep inferring that the sellers at $17k are newbies that sold at a loss..

heres some logic..
firstly to push the price down this low required a heck of alot of BTC to do so...

now lets imagine 2 groups of say 20,000 people..
they all invest say $2k (1-2 months of salary at minimum wage for most western countries)

meaning each group totals $40,000,000

now imagine one group is old investors from 2016. ($500/btc)
their total combined btc haul is 80,000btc

imagine the other group bought in 2021-2 ($40k/btc)
their total combined btc haul is 1,000btc

now which group 1k or 80k btc do you think has the most potential yield to push the price down significantly..
logic is the older group with 80x more coins. and psychologically they would happily do it because they are in a 17-40x profit in prices when pushing it down from $40k-$17k in recent months.

now imagine in this demonstration of randomly chosen number of users..
20,000 less people wiling to sell down to $1k because they have sold somewhere between $40k->$17k
and imagine there are now more holders holding value $17k+

It's stupid to sell BTC at a loss. A smart investor will "hodl" the BTC until prices rise back up again. If people think that BTC going down in price is the end of the world, then they truly don't understand what the cryptocurrency is all about. It's not really about the price, but rather BTC's underlying technology to change our world for the better. Bitcoin is just like the Internet which is truly unstoppable. Market prices wouldn't be much of an issue if Bitcoin was used as the standard unit of account. This means pricing goods and services in Bitcoin terms (not Fiat). Bitcoin by itself, is as stable and sound as you can imagine.

Ultimately, we'll be the ones laughing at the end as BTC soars towards new All-time-highs. Just buy the dip and don't sell no matter what. ;)

It’s too early to tell. Selling at $17.7K was good if it keeps going down again into the $15K or so.

Most likely since tomorrow is a holiday we will get sideways actual. Don’t think the low will break. However if the stock market keeps crashing again then it will take Bitcoin along for the ride. Right now there is very little liquidity everywhere and everything can very quickly move up and down.

I mean there should be no surprises, the price is going to recover after going that low at $17,500. Actually I didn't bother to look at the price, the last time is that the price is around $19k'ish and so it went down as low as $17k? But look at the price now, good bounce isn't it.

And that is the problem with inexperience investors, maybe they bought at $60k or even $30k. But doesn't have the mentally to hold and just simply panic before their portfolio is going down and they are nervous that it will be wipe out. And 24 - 48 hours later, around 8%-12% increased.

I'm happy because today the bitcoin price returned to the $20k level, experiencing the worst trend since the last 2 years, I hope there won't be another dip like the last 8 days which made many holders panic and sell at low prices, and the better news is that I bought at $18k and if I sell now of course I will profit, but I think the opportunity for rising is bigger so I will buy again.

It's hard to learn something, especially if we are talking about the emotions of people around us. Imagine someone who has been investing in BTC for the first time and then experiencing a loss of 50%; who wouldn't have a hard time dealing with it? Even at times, I worry about the times when it goes lower and lower. I think of the possibility of just buying more at a lower price. Averaging it at a higher price would be great.

The price now stands to 20k above

https://coinmarketcap.com/currencies/bitcoin/


and Indeed those who sold their coin at 17k are really hurting nowadays because  look how increases the price now, and the price are still strongly holding to this level but still not having assurance to stay at this and many says this will drops down again sooner.

As per the subject, there is no reason to sell at 17k or even at 20k. We are very near to the bottom and this is not a wise decision to sell at thewe low prices.
Wise people buy at these prices and not sell. A month ago no one could have dreamt to see bitcoin below 20k. A lifetime opportunity to buy now.

I think someone "got sold" after some whale-play  ;D

Yeah, of course it's good to sell for $17.7K, if you bought for $30-40K.  ;D

These price jumps up and down, although they make bitcoin owners nervous, they provide excellent opportunities for speculators to make money. Sold for $20K, bought for $17K. Again repeated. Profit received if luck accompanies.

Yes, of course, but imagine the one who bought at 69,000 USD. He must not be very happy now even if he has a very long term view with his investment.

The problem with hitting lows is that you don't know if it is going to fall further, although now is certainly a much better time to buy than when it was at 69,000.

I think you are very optimistic for the slight rebound in the price. As far as I am concerned, I hope this is over and we have hit the lows of this cycle, but another dip and another cascading sell-off and we will approach the Celsius liquidation price.

I'm really annoyed, why blame the person who has sold at $17k?, I think a trader has respect for other traders, it's not like this,
someone has their own way, yes indeed many say Holders is a winner, but what about already bought at $50k and now it's down below $20k?
I think people will get depressed too, so be respectful

The peoples attitude in crypto must have both thing , those who are afraid of losing even they already learn how this works , and those who are willing to keep hold (LIKE YOU) that care nothing about the market movement instead the long term process is what you trusted here,.


people are not contented m they are always seeking for the growth and more income and yet? if the market falls like this, then they are panicking.

HODL , lets keep it all here and for longer time .

Some people are simply born weak. I'm confused why some people are in panic when Bitcoin fell to $20,000 as if it's their first time experiencing a bear season. But even to those who are first timers in the market, haven't they seen the overall Bitcoin chart? I'm really confused. Haven't they seen the price history of Bitcoin? Even to first timers, they should have heard for once that the price of Bitcoin has always been following bullish and bearish cycles.

Sometimes I can't sympathize with weak people. This is rude but sometimes I can only say in silence to those people who sold at $18,000 and regretted when the price quickly went back to $20,000, "good for you!"

Yup I know people that refuse to invest $100 in Bitcoin but do switch from internet provider for a $5 difference even if it costs them hours by swapping out hardware etc.

Bitcoin has taught me that working is a shitty way of making money.

Well, not a few but a lot, but I think the majority of people are losing because of this reason. The learning doesn't really take place, they start to become pitiful with what they create. Sometimes I feel sorry for them too. But look at what's going on in today's markets; it's nothing more than a play on a much larger monetary scale. And life can always be like that. Its balance is the way it works.

In other words, BTC below 20k wasn't a curse, but a gift. As a result of some people not learning, there are always some who take profits. BTC is back at 20k, but it looks like only a small double bottom under the trend. However, I would not go short at this time. I thought I'd wait for a bounce, and now it's here. An excellent buying opportunity. What makes sense to me is to wait for the RSI to cool down.

Fear, greed, hope, wishful thinking are the emotions that create money and are the same emotions that lead to losing money.
If these emotions and feelings control you, you will most likely lose in the medium and long term. the best solution is to build a trading strategy that takes advantage of market fluctuations without achieving losses at least.

I don't know, but I don't see a logical reason for someone to sell in the previous days except:

• Shorting: trying to sell now assuming that the price will continue to go down and buy later.
• Needs that money badly at the present time or for an emergency circumstance.

If I were a whale I'd go short on margin.
Put in a low buy order.
Then sell coins to bring the price down to the buy order.
Close the short to earn coins.
Watch the liquidations fill the buy order and buy back to higher than the coins you started with.

Have no idea if this would work...

It's a curse for new people who doesn't know what to do or even trust bitcoin that it will bounce back after the disaster it encounter and its a gift for experience traders who experience the heavy bear market condition then figure out what might possible happen next to bitcoin after the dump happen. This is also an indicator to those people tells that bitcoin will go to zero because this sealed up their negativity towards what they see on bitcoin at the moment.

Thats an interesting theory, it kind of makes sense and probably contributes to how
Bitcoins price 'keeps rising' over time. The sell prices are constantly being pushed up
as more people buy at higher prices during the dips than before, "higher highs and higher lows"!

Still though, there are definitely people who sold out of panic and fear. I cant imagine
what they think when they see the markets today.

And of course just because the markets are up today, by Friday they could be back down.

Fear facilitates impatience, and expenses differs on different individuals. Those that sold at 17.7k may have different reasons attached to why they sold their bitcoin. The regret must come very late, but, they'll need to learn not to panic, if no need arises. The people that bought at 17.7k made profits while the people that held all the way from $30k are still facing profit downtrend. Determining the best moment to take the right action is rare in this market. As we all know it's a risky business and people must stay careful.

Maybe, any moment can happen but for now Bitcoin is still hovering around $20,600. I did see that following up the crisis, the recession and also the issue of freezing accounts on the Celsius exchange had a significant impact on prices. Despite the controversy, it is clear that Celsius has abused their policy which is very fatal. Until finally examined to account for the case that they are currently facing. Securities are not going to stand still, and the market is going to be impacted again.

People will always panic. The worst trading plan is to join the trend when it has moved without forming any retracement. Those who sold at $17.7k can still hold on a little more while the set their sell limit at $17.0k because there is no indication from both fundamental and technical analysis that the $20K price mark will push price up.

The reality is, those that sold at $17,700 are those that hear testimony from friends in may last year when bitcoin was above $60000  of how much their are making and because of these testimonies buy at $60000 or $65000 then sold at the current price for fear of losing all! Patience is the key and that is what I keep telling people around me. If you can’t hold, then crypto is not for you because you will keep losing money.

I think, the price of bitcoin will definitely increase higher before the end of this month of June, because the price has moved from $18,000 to $20,000 few days ago showed that people will soon experience bullish market. I believe this is the best time to be happy in the community because the price of bitcoin has dropped down to a level where poor and rich people can buy bitcoin and hold for the price to increase higher before they can sell to make a passive income. It will be favourable to any investors that will hold in this season of bearish to over.

Yes but if you bought at $60000 or $65000 you have to have a lot of patience and a very long term vision. The problem with people who buy at $65k and sell at $17k is that they either invested money they didn't owe and now due to lack of liquidity they are forced to sell at a loss, or they invested without knowing very well what they were doing, without the long term vision, and now they have sold out of panic.

The bad thing is that people don't learn. These behaviors (buy high sell low) are also typical of the stock market, and the next time there is a downturn, they will happen again.

Some countries face economic crisis now along with the pandemic so there is someone to sell their holdings to survive during these hard times. The market sentiment also is not good that affects the people to liquidate their assets. There are miners also that will just sell their bitcoin now because the price keeps falling and their profit is also being decreased. They will need funds to sustain their mining rigs to survive in this bear market if it continues for some months.

It's stupidity but in reality, it's happening.
I don't know if it's only me but people who are panicking are the ones who are making awful decisions like selling at a loss. Those who are selling at below $20,000 are the ones who are a long time holders of Bitcoin who are still in profit even though they sell it at that price or the newbie investors who are selling at a loss because they are panicking.

Patience is the key.
If you have patience, you will gain profit and it's proven already not only in the crypto market but in the stock market as well. Those who are holding for years will make profit most of the time. As for me, I'm just chilling here, accumulating BTC as much as I can and waiting for the bear market to end.

What happens is that they are different people than the ones that went through something similar during the previous crypto winter, they come to the market thinking about making some fast profits, then when they fail to realize their goals they get nervous, then a crash actually happens and they sell their coins for a bad price and then blame everyone for their losses except themselves, eventually they get disappointed with the market and leave to never return, but they soon get replaced by yet more newbies and the cycle starts all over again.

Most people enter the market during a bull market, whereas very few do so during a market decline. A drop of such magnitude will be a shock for them and panic sales are inevitable. We don't have to sympathize with them, I think it's best to let them experience it for themselves and they will be more mature in the upcoming bear seasons. No advice or suggestion is as effective as experiencing it for yourself.

This is not at all surprising. People are attracted by the euphoria of growth and it seems to them that this will go on forever, therefore, at such moments, the majority invests in bitcoin. But when bitcoin fall, they will be repelled by fear and panic and don't buy it. Many people forget about the rule to act against the market, and beginners don't know this at all.

Which is exactly what you can see right now. Actually, every cycle.

In fact, we can't influence them in any way. No words and advice can break through to the mind through the thickness of fear and horror from what is happening. Only their own experience will teach them or never teach them. Some beginners may become completely disillusioned with bitcoin and leave the industry for good.

It is true the price of bitcoin dropping again. in this time it seems bitcoin price will go bellow $15k. So it is not wrong for seller who sold btc for $17.5k. They will again bought btc when it will go bellow $15k. then it will a great opportunity for there

Not something new on which there are people who do really panic sell on that 17k price point on which it is really a sad moment on the time that the price is slowly recovering and they might really be banging up their heads.Its never been good to panic sell yet we know that bear market or crashes doesn't last forever which does simply means there's always a probability about having some U-turn and it would really be leaving a regrettable feeling once you do sell in loss then the market is starting to cling up.

Due to the sheer number of traders and the volume of bitcoin transactions that took place during that time, I think there are thousands of people who have completely failed to learn how the bitcoin market works. Most of them are worried that the price will drop to a lower level due to the large amount of FUD in circulation. This is really a dilemma for those with weak hands, but as long as they bear the loss to sell then I don't think it's wrong.

For me, holding bitcoin in the long term or selling as long as there is a profit or cutting losses are individual choices. Traders have strategies and so do the holders so the market stays active all the time. One of the faults is that when the price of bitcoin dropped to $17.7K, many of us didn't buy as much as they could afford to lose because we were so worried about another potential bottom.

When the price of bitcoin drops below $ 20k makes me think of cut loss and sells with a position of around $ 18k, but after 3 days the price of back to $ 20k and of course this is a better thing, even though I can sell now at $ 20k but I still lost because the cheapest price I bought was around $ 27800.

Those who sell when bitcoin was below $20k are mostly newbies so we can't blame their actions as they are still learning in the crypto market. And i just hope that they have learned their lesson now. The crypto market is too far to collapse, particularly with bitcoin.  As everything rise and fall when it comes to market volatility. If you can't bear its price fluctuations, better not to enter and invest in the market.

Then obviously don't sell, because you will be at a loss because you bought it that high. You just have to wait and have the patience, the price is still above $20k and maybe we will hit $21k in the next 4 hours or so. I know that there are still a lot of selling pressures because there are news about the Fed rate hike and the inflation, but if you don't need the money right now, it's better to keep your BTC in your wallet for sometime or better invest more at this price and wait for the nexxt eventual bull run. For sure you will be glad that you made that decision right now not to sell.

That’s how weak hands manage their investments and resort into panic selling when everything in the market is down and bearish. With this repeating history in the market, pity are those who still take the wrong decisions and lose in the market eventually. Although the current scenario is quite bad and embrassing, but knowing everything is not bound to last long, then that’s enough for me not to panic and just buy and hold instead.

And that's how diamond hands are made off, they don't usually sell but just hold on their bitcoin even if it means that they are going to lose some fiat value. And now as we repeat history in the market, it bounce nice and above $20,000 again. Just like the last time when the market was really in a blood shed during the Covid-19 scare. We went as low as $3,000 and everyone sells and just afraid for a collapse of the market but then we went all time high at $69,000.

Some people panic when the price of bitcoin falls, causing them to suffer losses. People selling bitcoins at $17k that they have no plans to place trades in, or set stop losses. This way, they will have no consistency and will suffer losses that are unavoidable and will keep them out of the market game forever.

Except maybe to those who have bought by the time btc drop at under 17k, you know those who are doing short term trades as they are still in profit but if they aren't like that then there is no point of selling only to incur a big loss. Instead what should they be doing now is purchasing some more bitcoins since this can be their last chance as the price is recovering once again.

Last month I think the price is already at 30k or under than it, so people already expects that we can go as low as 20k. It happened for real but with an extra bonus since the price dropped lower than their target. Nowadays this price range seem to be normal but better safe than sorry.

Their is nothing that can be done because people will always want to sell and loss for not having patience. What even get me surprised sometimes is that people who are conversant with bitcoin and have experienced some previous bearish market still get panic to sell when bitcoin goes dip, they feel the market will remain bearish forever.

That's how the market moves he can play with everyone's emotions. maybe after the many fud circulating in the last few months, good news will emerge one by one to the surface. This scenario has been running for a long time but sometimes we can't understand it.

Weak hands are usually new traders looking for short-term profit. I bet most people who sell at $17k range were the same ones who bought when it was over $20k beforehand, thought they could make a profit when it goes higher than $20k and that was the lowest point Bitcoin could get. But when Bitcoin dropped furthermore, along with FUD news, they rather cut loss instead of keep holding.

When the bitcoin market went down yesterday, many people panicked and sold their bitcoins. While they don't think about the imminent reversal of bitcoin, they can see the profits coming their way if they can be patient for a while. The crypto market today is confusing, and we must be careful before deciding. Hopefully, the price will not go back to the lower price and can stay at a price now.

Without a doubt those people are weak hands however there are simply too many types of weak hands, there are those that bought near the all time high as they thought the price of bitcoin will go up forever and they decide to invest at the worst possible time and then the price went down, however instead of cutting their losses early they refused to accept the reality and kept holding until the price reached a very low price, and instead of simply accepting their mistake and becoming long term holders and use DCA they decided to sell at the worst possible time.

Aside from new traders being weak hands, Panic also set in when they experience a big dump from a price that they have never expected to be reached. Mostly, New traders doesn't know Market Psychology which is an aspect of trading, Having it unknown can make a big impact on trading especially on the current market situation we have.

Well, to avoid market confusion is to stop reading the news and following social media as they are somewhat spreading fake news that will affect our minds. And those who trust Bitcoin will live being certain about the good future of Bitcoin but for those who live in uncertainties, it all just to see is a negative view and confusion.
We only have two possible scenarios and that is whether it falls back or continues moving high, and I think we are already prepared for this, are we?

Yeah, panic is also another force at play here in those weak hands mind. Really, I wonder how can people FOMO so easily when there was DCA strategy that gives you a better way to risk management and lower risk overall? Why would you buy something when it was already increased +xx%. 'It drops down -xx%, can not be anymore lower' and went full in? Panic, FOMO all are the recipe for a disaster.
Reject Panic and FOMO, embrace DCA.

If people still have doubts about buying bitcoin and not only that but they really want to just sell right now because they think it could go down, then why would we really worry about them at all? The whole internet is filled with messages and posts and videos etc etc telling people to buy right now because the price is awesome, and if you are not doing that, then I am sorry but then you have been warned and you are making a big mistake. All in all, I am fine with my decision, maybe I will profit today, maybe I will profit later on, but I know that it will be a profit in the long run and I will be better off than the guy who sold these days.

Its just that some people resort into panic selling without thinking its consequence. Because they refuse to learn, so expect that they will never survive every time the market is in bearish state. But that's just for those weak hands in the market. The strong hands will always consider studying the market history so they won't resort into decisions that will make them regret later on. The poor become poorer, the wise and rich become richer.

No big deal, the uptrend from the bottom price is not confirmed yet and most likely as part of the confirmation we must retrack back to a similar low like 18k.   We can even find a lower price, there is nothing to say thats impossible or even improbable just yet.    Prices on any particular day arent protected from occuring in that moment, abnormal lows can occur just like extremes happen in a storm not normally possible.

Well sad to say that even if the are expert that says hold for everything about the price is temporary and it can go back to bullish there are still a lot of investors that panic and sell there holdings during the dip. Some people consider the dip us opportunity but some newbies considered it as loss because they are newbies and they don't have a big experienced so they can easily loss because they can also easily get panic.

If we already know Bitcoin for at least 2 years then we will not sell in a loss position, I'm sure anyone who sells at $ 17k is a loss, if he wants to wait then he can sell at a higher price, the thing I usually do is put the price at Spot Exchanges with the price that I have raised at least 10%, and this simple technique can keep me profit.

Unfortunately, it is not easy to give it a go at that level, sure it's not going to be impossible, but not checking news, or not checking your social media if it's filled with those kinds of fake news, it is going to be hard. I mean checking twitter daily, in fact few times a day, is a habit of mine and to tell me to stop that would be a boring and difficult affair and I may fail to do it. I would try, but I would fail.

Instead, trying to each people to ignore would be better. For example, I still check it few times a day but I know for a fact that most people are fakes and they are just spreading fake news, shill some stuff they get paid, and that is why we should ignore it.

Perhaps, Bitcoin has been in the market for more than a decade and those who come earlier will tell that Bitcoin will never stay high or low forever as such volatility affects the trend changing its direction if very often. That is the reason why buying at a cheaper price is an opportunity but selling them because of seeing a declining trend is a big mistake. And besides, we come to invest in Bitcoin because of our positive hopes to earn some profit and multiply our money, not to become a reason for our losses.

that is the same reason why this market specially bitcoin increase its level of support from investors around the world, because of the volatility and the chance to earn but also to lose, we are in the market that is constantly giving us earning and sometime losses ,
so the main idea here is only learn when to Buy and when to keep and when to sell, those 3 movement will help you out in understanding and earning for long term here.

Only 2 days the price skyrocketed from $ 17k to $ 20k, who had bought at $ 17k, of course, got a profit of more than 15%, this is Bitcoin that is always interesting and unpredictable, and now we face the next pressure that is the price almost dropped again below $ 20 K, if that happens then I suggest to buy, do not sell when cheap or loss.

Probably investors who sell at loss when the price plunged to $17k are now regretting their decision. Well, its already expected for some weak investors to panic sell because they're afraid of further losses. But as you have said, if these investors are aware of the history then they will keep holding and let this bearish season pass by. Unfortunately not all investors are able to understand how the market really works and one of the reason is lack of knowledge.

Thats why only investors who are knowledgeable about crypto can see the result of being firm to hold. Investors who dont panic sell and willing to wait can be a huge gainer once the bullish season return again.

Instead of saying investors have sold it for $17.7K, I'd rather say they have managed to increase the number of bitcoin in their wallets and hold them for the long term. Investors are much more likely to be holders and they will definitely make a purchase when the price in dip.

The price decline that occurred was the result of a trader's panic, I don't think there were many investors involved there because there was a possibility that the stop loss set by the trader would trigger a sell-off so that the price fell further. But imagine if the investor manages to buy at $17.7K, they've already made another profit on their investment.

Yes, that's the power of being patient and holding on to bitcoins and they make a profit if they sell bitcoins for $20k.
Even if they decide not to sell their bitcoins at that price, they will get a bigger chance if the price can break through to even higher prices.
The price dropping again at this time provides an opportunity for us to buy bitcoin again and hold it again.
So if we can do it over and over again, our profit will be bigger because we buy low and sell high.

In essence, we have to do it more precisely when we have profited 15% whether we will take it or hold it with a bigger chance of course these two decisions must be right but I myself hold it with greater future opportunities.
Right now the bitcoin price is starting to correct it looks like it will be below $19k I think this needs to be added again with more bitcoins collected, I won't be tempted by the profits now I'm more looking ahead with a much better price for bitcoin later.
Prefer holding on bitcoin.

I think this is an important step, I mean in theory having more information is always a good thing, however when that information is polluted with all kind of fake news which exaggerate what it is happening or just lie about it then it is better to not listen to them and simply concentrate on what it is happening on the charts and use your strategy to navigate the market to the best of your ability, it is not easy but if you have a solid strategy then you can do so without the need to rely on external sources of information that add nothing to your strategy.

I think selling it at 15% profit is enough for us to wait for the price to drop and buy again.
But if we prefer to hold bitcoins because we want to get bigger profits, it won't be a problem not to withdraw profits at this point.
The bitcoin price is currently on a decline and I hope it won't drop below $20k and just stay at its current price level.
I also like holding bitcoin and waiting for the price to increase later.

This simple rule of buy low and sell high is very difficult to follow. Even if you bought at 18k on the last fall, the price is now falling back to those values and is just over 19k and probably will be 18k again soon. So, if you didn't sell bitcoin at 21k because you wanted to sell at a higher price, you might panic and make mistakes soon. Only a few know how to buy and sell properly, most lose money.

Though prices may have indicated the continued down fall, still there's no guarantee If Btc hits $15k. This is the reason why DCA is always gonna be a good action everytime Bitcoin drops. You're not actually realising that today's current Btc price is already a good time to buy and accumulate more.

The reason for which Bitcoins are not increasing are these types of people only.
They are always panicking and selling their coins to the whales, and for this the price of the coin never climbs.
Rather they should see this time period as an opportunity and buy as many coins as they can. Instead they are failing to do it so and also hampering Btc’s growth by selling it.
Remember 1 BTC= 1 BTC, so the value will eventually increase.
Yes it may take some time. So we need to show little patience and wait.

That's how the market works, it has to have two directions and that's why fluctuations are one of the reasons why traders and investors make profits. Traders sell because they have to avoid losses, and that's normal. It is impossible to expect everyone to buy and the market is moving in one direction, so I think the current market conditions are normal.

Some people who dare “including the whales” will buy to maximize the potential profit they will get if in the long term if the price moves up. So because traders follow the direction of the market a lot, panic and hype will be difficult to avoid and that is a dynamic that should be said to be normal for crypto market.

Anyone seen the market goes below $19k again?

So the whales continue to sold specially those who bought at $20k+ or will the market continue to decline and hit $17k again?

Really hard to see the market progresses though, on the other hand we wanted to see some growth to at least $25k. Or maybe this news affected the market in the last 24 hours:  CFTC brings $1.7B fraud case involving Bitcoin against South African national. (https://cointelegraph.com/news/cftc-brings-1-7b-fraud-case-involving-bitcoin-against-south-african-national)

Currently, the bitcoin price is back down to $19k and is still holding there.
But hopefully next week, the price will be able to move up again so we can get profit again.
Right now, it would be better if you could hold your bitcoins and make some more purchases, as the price is still below.
But even so, you can wait a while to see if the price will drop again or will it bounce up.
That way, we can know what to do with what is happening in the market.

You need to be out of your mind to sell BTC at 17.7k, a level which is below Bitcoin's realized price.
If someone bought at $40k and is selling at $20k, he is taking a loss of 50% which is absurd.

According to me, people should set a specific % of loss they can take from an investment even in spot buying.
Like, I buy BTC at $50k, If it goes to $45k, I sell at a loss of 10% and later buy it when it goes below.

That is surely the best option.

We're in high spirits as Bitcoin continues to dip to the bottom, $19k already touched. Just need time to see $17-10k speculation, it is interesting to develop that this is not the end of everything, it needs understanding for those who know the origins of Bitcoin and the real game.

It's still a good thing if you are aware of the fake and negative news circulating around because you can warn others who are not good at analyzing it. Not all information are fake therefore you can still grab the legit ones and incorporate it with your current strategy that you are using which is more on technical because you said you will be using the charts.

I believe that having a two strategy is still better than one. That can greatly increase your chance of earning a nice profit. On the other hand btc price is still stable around 19k to 20k usd. Those who sold at 17k are probably regretting and crying now, well that was their fault of not trusting bitcoin.

I just finished some complex scientific and mathematical modeling and have confirmed in a proven way that the price of bitcoin will never be $20k or above for more than 30 consecutive days at any point in the next 5 years.

... assuming your model is accurate, of course.

This seems right. Anyone who brought at $40k would sell when the price goes lower than that, $35k-$30k to cut loss rather losing more. Same with anyone who brought around $30k. Panic and cut loss is normal so if people in this thread can't understand why would anyone sold at 17.7K, they wouldn't really understand how the market works. Fear indicates investor's stand.

This is crypto life history because a panic seller won’t take risk then they wanna sold quickly. In terms of points, panic investors always try to make a profit and when the crypto market is down they sell all the tokens so that there is no loss. However, in that case there is a risk for a new project because the investors are removed from that project due to excess dumping.

Just because it had a small fall, doesn't mean that it will continue to go down. I know that it's going to be quite difficult to believe that the price would be fine, because we have seen it do badly in the past few days, but we have also seen it go up to 21k and not many people really believed it would go to 50k during that time neither.

So, if you do not think that price reaching from 17k to 21k doesn't mean going to 50k, then you shouldn't believe it going from 21k to 19k meaning it will go to 15k neither. Just focus on what you could control, and the price drops are not something in your power to control, so only focus on what would you do if it did, not will it do that.

Perhaps, not all are able to hold longer, some got panic too easily and then sell. In fact, this situation wasn't new to us, many are buying high and then selling low, impatient people easily got tricked with the market pump but were too worried when it dump.

It is somewhat to say that not all are able to understand the market volatility, many are still vulnerable to their emotions which is a very common issue why they fail.

Last months selling wasn't driven so much by short-term holders of the past year however, there were 1-2 year and 3-5 year holders selling as well. A lot of those 1-2 year holders bought around $10K prices levels, so I can understand selling at $20K, even below it, if they feel prices are going to return to $10K. Especially if they already sold percentages around $60K, $40K, etc, so as to average out of the market.

Then if you look at the 3-5 year holders, from mid 2017 to mid 2019, they were buyers anywhere from $3K to $20K, many around $4K or $6K to $8K based on volume in that time period. So while I agree selling while price is considerably oversold isn't the smartest move, many aren't willing to wait around for price to potentially reverse to $30K or $40K, etc, as they are clearly aware price could drop down to $10K with current economic environment before that happens. The same dynamic occurred with 1 year+ holders selling when price dropped to $4K in 2018, for many it was a time to panic sell in case price went much much lower.

The reality is long-term holders (especially 3-5 years) aren't going to be selling because it's a bad month, but more so because it looks like a bad year, regardless of whether price rebounds 50-100% in the short-term. In the same way they wouldn't have been buying 3-5 years ago because the month ended well, but because the saw an opportunity that clearly they don't see anymore (or at least at present).

Overall it's a small percentage of long-term holders selling, but this helps to explain how price can get so oversold, as opposed to short-term holders who are more likely to wait for a rebound for selling...

Usually for beginners who invest in crypto or bitcoin they always panic when they see the market plummeting. However, for experienced investors, they will definitely take advantage of opportunities when the bitcoin price drops to collect bitcoins and make profits. Even in a downtrend, investors who have polished their analytical technical skills can profit by using knowledge to predict short-term moves and capitalizing on them by buying lows and selling highs.

so from your understanding and observations in Bitcoin, you are informing us that through your practical analysis Bitcoin is going be experiencing another down fall. Which approximately it will fall below twenty thousand (20k) which can take us to eighteen thousand (18k) and something like twelve thousand (12k). I have come across of many people emphasising on twenty thousand (12k). That it will be the last bus stop of bitcoin falling before rising. Can someone make a preferable analysis of that, so that we can believe with formative elaboration.

I cannot really blame newbies for panicking as the movements of the market can be way more extreme than what we see with any other asset, however even if they make a mistake or two the next step is to learn from them, and that is where things go wrong as the majority of the newbies never progress any further and keep making the same mistakes over and over again, and that is how they lose most of their capital without even realizing what is what happened for them to reach that point.

No matter how many times history repeats itself, this will continue to happen. There will be people who panic selling at low prices and there will be gullible people who keep buying at low prices as long as there are sellers.

This is how the market works, money from the pockets of inexperienced people who are afraid of losing money will be transferred to those who are eager to learn and have experience.

Because we are in a cycle, those people who panic sells then gain experience, then a fresh set of players comes in, then will go on the same route to panic sell.

Yeah, but those who have enough experience now will change their strategy, so it's a never ending way to make money out of the pockets of inexperience traders. Sounds bad, but we know that sooner or later they will know how to make money for themselves, and so it's goes on.

Everyone must have experienced a panic sell, and this is normal, especially for newbies who do not have the knowledge and experience.
So every market dump there will be people who panic sell, that's what sometimes makes the market experience a drastic decline. Therefore,
it is very important for us to learn from every mistake we make, and not to repeat it again. It's okay to sell Bitcoin at a low price, if in the end
it can make us realize what a good investment should be. Sometimes for some people it is necessary to have a bad experience first to be able
to understand how the crypto market works. Because to be a successful investor, that doesn't mean we can't make mistakes at all.
However, the successful investor is a person who can learn from every mistake he makes.

You say all that because you now have the expertise of a veteran and patience of a firm believer in Bitcoin. I bet you also panicked expectedly as a noob when you witnessed for the first time Bitcoin dip. If you didn't, I did. Anyone observing Bitcoin plummeting will panic because of its volatility when it does that. So, I don't blame any noob investor who panics because of that. My blame and disappoinment will be on veterans who should know the modus operandi of Bitcoin. It's always after the rain comes the shine – in this case, after the bull comes the bear. It's a circle.

It is true that this is the life cycle of the crypto market. No matter how hard we try, we are powerless to help them, no one can teach them experience, only they and the market will teach them how to be more mature in this market.

For the newbies, as long as they remain interested in the market when this sale season is over, I'm sure they will be the next generation of market winners. Some will leave the market forever, those who stay will see how the market works and they will know what to do for the next bear season.

Every newcomer into crypto panics when he/she sees prices going all the way down the drain in an instant. This is normal since such people aren't used to the crypto market. Those who stay no matter what will see that crypto usually goes up after a severe bear market. It happens all of the time. I'm pretty sure BTC will go back to its "former glory" in a few years from now. We just have to be patient in order to obtain great results in the future.

No one knows how much BTC or any other cryptocurrency will be worth in the long run, due to the unpredictable nature of the market. You can buy coins today only to find out that your investment went all the way downhill in an instant. That's why it's important to diversify your investment to minimize risks of loss as much as possible. Who knows how far BTC will go? Just my opinion :)

Apart from not panicking, there are also basic and technical things that a beginner needs to learn before investing in crypto, such as knowing the momentum to buy, which is when the lowest price of the price in a period is so that they don't lose most of their capital.

if it's been sold at $17k, let it be sold, and don't regret it, and indeed the price will be bullish again, buy it again,
yes, it's better like that than Hold, because holding is much risky when the market is uncertain

I also sold bitcoin at $17800, and indeed I really regret it, but I tried to buy Bitcoin again when it was at $20000,
because I saw on social media that many predicted it would go to $27k, of course I realized it,
if selling in a panic will make we lose. :)