Bitcoin Forum

So while the "When Lambo" crew have disappeared there is a lot of talk about Bitcoin's
market value falling further, $13k, $10k and beyond.

Think back to 2017 ^{The ATH at the end of the year was ~$19700}
Think back 1 year after to 2018 ^{Bitcoin fell to under $4000}

We all know Bitcoin in the long term is only going one way, and thats up but most of us
didnt take the opportunities presented to us like in 2018, $4000 for a Bitcoin  is now
a "sell everything" ^{to buy Bitcoin}price.

Everyone has a mark at such time they panic to BUY Bitcoin, at what price is your
"sell everything to BUY Bitcoin" mark?

We know $69000 is easily achievable and we may not see these prices again after next
year so we have to take these bear market opportunities.

Something to remember is "when Lambo" is very usual to hear in the past years, asking when ATH. But then, it was answerable by "I/We don't know...
Maybe you are right - forgetting about When Lambo is somehow could help to relax our minds after seeing the huge decline.

Buy now - profit later. This is the thing we have to focus on rather than think about when is the next ATH. It is better to fill our bag now making ready for that moment as there is nothing happening in the future if we don't take action by now.

Realise I'm replying late down here but the thing though with a "sell everything and the kitchen sink" mentality, you're usually a right fit for the Wen Lambo group as well.

The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.

DCA's already pretty much perfection. My 2 satoshi.

We also often hear "when lambo" is when the price peaks, but without us realizing it, that is the right price to take for ATH but in fact, after bearish, the words repeat themselves.

The current bear market opportunity is enough to buy at $20,000 and wait $80,000 that's a profit that must be taken but believe me this will be the next ATH because of the direction of bitcoin with its forward line.

But sometimes people want to wait for lower, but that won't be a bottom but know that when it's bearish the buying opportunity is pretty good.

https://c.tenor.com/QjeJYT2OXqMAAAAC/bitcoin-to-do-list.gif

Its funny though how it goes and how it will go, there will be people saying in a couple
of years from now, "Why didnt I buy more when it was $19,000?" and maybe "Why didnt
I sell the kitchen sink?"


Thats pretty much what I'm talking about.


Ah I dont know about that, I take it that the "When Lambo" group were just impatient
or niave thinking their expectations were going to be realised short term, "Sell Everything"
is about realising the opportunities presented now are not going to last and may not
be revisited short term.


I DCA on average 3 times per month too from my wages and I think more and more people
are realising the benefit of the practice.


Yea trying to time the bottom can be tricky and you could easily lose out.

I agree with buwaytrees here, it is usually a very easy thing to do. Some people have trouble with the whole long term holding things. I feel like it is the easiest way to make money, and it just feels like it is the opposite of hard, you literally do nothing while holding, holding is not a thing that you do, it is just the name we call to doing nothing.

There are some people who fail to do it, don't know why and how, but it just feels like they are not good at it at all. I have been doing DCA for a while as well, and I wish I started earlier, I would love to have a lot more right now, if I had money, I would buy bitcoin right now without a worry at all, it is as close to bottom as it gets anyway.

I guess those "When Lambo" group knows how to play in the market already, sure they disappear, but they are having a good laugh and take advantage of those noobs selling right now as they are probably fattening their wallet again and then come out in the next bull run. Those are the smart one, while some are still tinkering and admiring this whale. But they didn't see that the accumulation phase is in the bear market where majority of us does not want to see.

I remember when I joined the road of this forum, I also heard of this when lambo but I didn't understand it immediately until a time I started picking the reason. During the time I heard bitcoin when lambo the price was still very cheap below $1k in that time but many people did procrastination on it as they do also mow and delaying the investment. Soon in 2017 that time around the second quarter, the time it was last quarter, the price has already announced bitcoin because it went as high as $17k before it eventually increased more at the last month. Now also it is looking like the same, buying cheap is equivalent to lambo depending on the measure of risk taken.

We got a reasonable attempt at a turn around in the price.  Theres no reason to take BTC as a great thing to avoid, the YEN has really great problems underway and EURO is troubled hence it raises Dollar on balance and makes BTC under pressure when its trying to rise.  I do think the price action remains reasonable, nothing worth over reacting to.     I remember the prior bad sell offs and now we have alot of global event news but I dont think the situation is greatly altered from prior negative views of BTC.
   Stay reasonable, dont overcommit is probably best attitude to maintain
https://talkimg.com/images/2023/06/12/AsF1N.png

Target upside is about a monthly average, 50 day if you like around 27k.   I think we repeat alot for a while but theres opportunities for those keen imo

I guess history does repeat itself but in a different way such as the price difference but it's still the same in a way where the price is still higher than the last ATH in previous bull run. Some people doesn't really know how to find the positive side of what they thought would be negative, of course there's always a positive side you just have to change your perception on how you see things.

Bitcoin is not any other coins that would just continue to pump then suddenly dump almost everything until it gets delisted from the exchange. There are few people who can find opportunities in this situation and that is the people who's in this market for a long time.

And another bearish thread calling for $13k or $10K. Seems every thread these days on bitcointalk and crypto Twitter is predicting how Bitcoin will crash below $10k.

This sentiment is completely opposite of even 1 month ago when we were at $30K. Back then nobody assumed that $20K would touch or even break. People were still bullish and now everyone is bitter and bearish.

basically this is a three for one sale

actually a bit better.
23k 3x = 69k

and we are 21 k so more like 3.2 for 1

I will buy more next week.

i got in at 17.7 ,18.9 ,19.9

The market is not for everyone, skeptics and advocates alike, as part of a way to drive prices up over time. Those who are not fortunate enough or precise enough in their understanding suffer losses and are psychologically dominated in this space. On the other hand, those who have been and are making profits in this market will find everything easy about the past. My view is also simple about the present life that I am seeing, experiencing, and experiencing. See if it really is. Fantasy life in the future will be very multidimensional and dynamic, so do your best in the present.

The statements we see on the internet are mostly random made by people who make them according to their hopes and dreams and the direction that bitcoin is going. For example the "When Lambo" statements always come out when price is on the rise and the examples you mentioned about "$13k, $10k, etc." come out when there is a drop and they wish for a bigger one. We had that when price was $3k too when people kept talking about $1k and below just because they wished for it!

The bear market this time is completely different from previous years, as in the past, the bitcoin price was corrected independently of the entire global monetary system, meaning there was no energy crisis, interest rates, food crises, fuel price hikes, and an upcoming recession all factors that make the available cash in Your hand is little to invest, meaning I want to invest, but there is not enough surplus to invest, although I know that it is the golden opportunity to invest.

Getting rich is not about golden opportunities, but about how to seize them.

Bitcoin is already stuck at $20000 and we know many experts say $20000 is strong support,
and this is the time for us all to unite!, to be able to reach the goal of $100k next year we have to buy Bitcoin at $20k,
and don't sell it below $20 k, of course we can if we all unite for it

Yeah tell that to paper hands, they seem to enjoy selling low and buying high, except an investors has a pressing needs that requires money which will compel them to sell now, i really do not see the essence of selling at 20k when we know the possibility of btc reaching another ath is very high, it is not as if the bear market brought an end to btc, why some investors are too afraid to hold!
Unfortunately, this is a free market and everybody are free to do what they want, but i do know that selling low and buying back at a high price is not the best approach to attain financial freedom.

Some people will think that simply grabbing some piece of Bitcoin will make them rich instantly. But why do these people never become rich? It was because they left the market during thee bear season and just come back again at hyped. They sell their assets at lower price while buying them at high. Knowing the fact that Bitcoin is not a Ponzi Scheme that promises huge resturns in a very short period of time, therefore, we never have to expect such results unless we bought a lot of Bitcoin then hold and wait for the next ATH, then sell them.

It would probably be around $12K, as this would be around 83% correction, but I also doubt we'll see these prices, especially if $17.5K will hold in the coming weeks/months. I also find the "sell everything to buy Bitcoin price" to be relatively useless. For me in 2018 it was in the $1K-$2K region, but this never happened as price only reached $3.2K. Instead I was a buyer when a breakout was confirmed at $5K.

I think most investors these days prefer to play it safe, and we'll either see heavy buying pressure if price capitulates further to $10K, or otherwise buyers will step in back aove $25K. After all, it's a lot safer buying into a confirmed recovery and trend change, as opposed to trying to buy a falling knife. Not to mention DCA during a bear market to be reliable in order to get an average price.

Personally I preferred having an average price of $6K to $8K during the bear market of 2018/2019, rather than buying $4K and holding for the duration, with price reaching $14K as well as returning to $4K...

Honestly that's how I prefer it, really. Flush, purge, whatever it takes for us to get back on track. And really it's when times are the darkest and the naysayers get all hot and heavy is when we get some strength of a rally.

Case in point last month indeed, at $30k. Every analyst and his mom were having various levels of 40-90k.


Yeah, am piling in more work than I normally think is healthy for me too, at least short term until end of the year and then see if I'm not too stressed. So that's essentially me packing up to "buy" more -- so my last tranche was 20.5, not too bad. missed the sub-20 dips but suspect next week when I next request I might get some of that lovely discount action.

For someone who was here when the price of 1 BTC was only $200 I see no reason to even think that there is such a moment when I should think it’s time to sell everything and invest in Bitcoin. Panic is for beginners and those who change their minds every 5 minutes, and such are unfortunately the majority in the crypto market. Buy BTC whenever you have excess money, or save money for the moment a big crash happens, it’s all a matter of choice and self-control.


Those who want Lambo should start working on it right now, because there may not be a better time than this - realistically in 2-3 years 1 BTC could reach the magical $100k.

Unfortunately, people in investing swim against the trend, meaning that they sell when everyone panics and buy when everyone is greedy. I remember that many people were willing to invest because they saw their friends making a free and quick profit by investing in Bitcoin and now they are afraid because they see those friends losing their money.

Therefore, if feelings control you, it is better for you to follow a safe strategy such as average costs, otherwise you should buy and forget what you have.

No way. Sure thing that btc can go up but there's always a way that the price can nose dive like on what we witnessed on the 2017-2018, and also on 2021 and from this current year where the price supposed to be at 69k but now it fell to 20k. The same thing can also happen in the future.

Before, on the 2018 bear, many people didn't take the opportunity because they are still new to it and I think that was the first big crash ever recorded in the history of cryptos so people are too sceptical that time if btc will recover or its already the end of it but now that they figured out that btc kina undying or immortal, old timers won't miss any opportunities anymore.

There's no such thing about forever but we know that bitcoin is something that cant just die easily or getting been replaced by some altcoins in the market but we know that probabilities would really be there thats why we cant really

assure on what would be the future looks like.For those who hesitated then they had missed out the opportunity but for those whom do still trust that the market would be giving out another good pump or ATH

then they are the ones who do make out profits but as expected where corrections could really happen.It might not happened directly or instantly but there are really days or season where market is really heading to the floor
which is something that we arent really anticipating for it to happen or we do anticipate but we didnt really expect that it would really be going that too low.

bitcoin value this time is something we supposed to keep or hold targeting the acceleration. I Sense that since the falling started a got to twenty thousand (20k) it can not resist it, or breakdown again below twenty thousand. From what i observe over it's strong in twenty thousand values. I don't think the speculation and prediction of people over it's going back to thirteen thousand (13k) will come to accomplish.

Well, when things get tough again, investing to make a return won't be the way we dream a lot. I can see it's like a time ago when people could make investments bringing x10 returns. It is easy to spend comfortably. And now the loss makes us tight-lipped, and we shouldn't dream of getting rich quickly just by buying some crypto as a way to disguise the lottery games.

DCA is the best strategy at these times, I think this is the best strategy after holding in a bear market, some people think that bitcoin will fall more so they prefer to wait and not buy now but they will regret a lot if the price goes up because they missed a valuable opportunity, the market maker uses a lot of games To influence the psychological behavior of weak traders, but the traders who have enough experience have a good knowledge of all these methods and they will not be affected by all these terms that are spread on the Internet very quickly, so they follow one policy “Hold” because they know that Bitcoin has one direction to the top on the the long term.

That has to be a genuine effect because Bitcoin does have people who've been around years and remember the hype when it got to 1000.   Same kind of hype as every other peak, then it falls back and we repeat.   Even if it is 20k or lower its still high for anyone who been paying attention for then a year or two.
   DCA is the simple idea and allows hands off less emotional involvement.   Since 20k pricing cannot fall more then we already lost from ATH, you also cannot be more bearish at this point then you should have been prior.

"When Lambo" people knows how to play the market in my own opinion. Taking advantage of the market by hyping up people to make an additional traction during the bull market then disappears when bear market arrives. We have seen this many times and it's been repeating for many times and on different space such as NFT. We all know that "influencers" are those who matters to the community and I've seen some of them doing "when lambo" post. It's just the same thing happening to market over and over. This is why we should have control to ourselves and not to let our emotions take the investment we have.

Pretty sure 2021 bull market wasn’t When Lambo, that was the one prior in 2017 that made the term popular. This cycle was all about the NFT and Defi craze and people had crazy predictions such as $250K or $1M bitcoin. I think most were aiming higher than Lamborghini.

Every cycle is like this. You know the top is near if wherever you go everyone is talking about crypto,
Uber drivers, your grandma, etc. You walk around and glance at peoples phones and they got their TradingView or Binance app running. You know it’s going to top soon.

I think it's because a lot of us are so scared of the price going downhill that we don't buy as much bitcoin. And when the price starts to creep up, we think that the price will increase again and do nothing.

After the price of bitcoin can increase twice, then we get ready to buy but it turns out that the price has corrected and dropped down again. It makes us not doing anything and just watch to the market without making any purchases. And when the price of bitcoin gets a pump again and goes higher, while we don't do anything, that's when we just realize that the price is getting a rally to a higher price and it's all happening fast. And finally the price can reach new ATH.

But no one will know when the price will reach the bottom price and the new ATH. We can only predict without knowing the truth.

I would never sell everything to buy bitcoin. What is clear is that times like this, if you buy thinking about holding for many years, are good times to buy. To sell, I would say that in the next cycle, when it clearly passes 100,000 USD, it would be a good time to take partial profit-taking.

I am talking about always staying invested in Bitcoin for the long term but taking advantage of the ups and downs to buy cheap or cash in profits.

I wish everyone could think like that and buy at these low prices. However, if everyone think like this, then bitcoin prices will not fell to these prices, isn't?

Only the whales and few retail investors do not listen to the market sentiments and buy bitcoin in bear market. These are the people who make maximum profit in the bull season.

DCA allows people to do exactly that. You could buy here, and even if you think that it could go down, then you could buy some more when the price drops. This means that if you end up buying here, and it goes up, you are profiting, if you buy here and it goes down then you will buy some more, it works out in every direction and it is great.

I did it, I have been doing this for the past 2-3 years, I have made a great profit, and I will probably keep on going strong, my profit is not great right now, but if I sold at 68k then I would have made a lot of money, like a car amount of money, but I didn't because I believe that if I keep on buying, then eventually it will be house worthy and not a car one.

smart people will not forget LAMBO when the market is bearish, but greedy people will forget it,
and he remembers it when the market is Bullish, because it is very easy to get profit in a Bullish market than during a bear market like today,
but we must also remember ! that when bearish price becomes cheap, and that's our chance to get LAMBO!

Getting hyped about profits when everything is going up 10% per day is easy, doing that requires no brain and no talent and no skill. You will be able to turn your few thousand dollars in to couple tens of thousands of dollars during that period and you will be super happy.

However, turning your few thousands into retirement amount of money that allows you to never work again? That requires you to be hyped about the bear markets, because you won't just turn your 5k into 50k, you will turn that into 500k when the time comes. You will be investing not only into bitcoin, but you will make so much profit from bitcoin then you will spread it around in alts and make that kind of return as well.

Yes, forget about "when lambo" as it's not happening soon as this year is gonna be more bearish than bullish. And it may take even a year for the market to recover. However, this the best time to take advantage on the opportunities coming in the market through maximum purchase of bitcoin and hold them for long term. That way, we can still prepare ourselves for a certain "when lambo" in the future. So stay out of panic and keep buying.

10% gain
10% loss
moving sideways

These are the things which we can really called a normal day in crypto or in just simply talking with Bitcoin and with that kind of volatility then this is where people do make money
and also losses out if they arent able to make themselves enter on the right time.Thinking about huge profits or income with this market is not something recommendable
because it would really be creating out that kind of desperation which isnt a must thing to have as an investor or crypto trader.

It is a sort of encouraging view of the market as thinking about Lambo makes them work hard. However, it was not the real situation we've seen, more people have failed because for some reason,

 * fail to adopt the nature of the market
 * fail to commit their goal/plan
 * change of mindset

Yes, I think we need to give up thinking "when Lambo" as in ourselves we can't commit to achieving it. We can't just be a dreamer... as it only happens of we work hard and have a positive mindset.

It will still go down though, no matter what, specially if sellers outnumbered the buyer (whales).


It's because they have deep pockets so maybe they have maneuver around and then didn't look at the market sentiments, they just want to buy and fatten their wallet. As compare to us, we always think and ask When Lambo but we didn't take the opportunity to buy when they are still cheap in this bear market. It doesn't mean to buy huge amount, may DCA is a good method to accumulate BTC overtime.

Holding is a simple task but I don't understand why it becomes difficult for so many people. They enter the market but don't do their research, they're only interested in the short term, not the long term or the money they are investing can be borrowed, so when bitcoin starts to drop 20%-50%, there is panic selling and panic selling increases after bitcoin plummets. If they invest with the idle money they have, maybe things will become easier.

It involved mental toughness and that is why it is very difficult to hold. And the moment you started to withdraw some stash, then it will set a precedent and goes on and on until all of your bitcoin is gone.

So that is the challenge, easier said that done for the majority, and for sure there are people who always check their portfolio to see how much their investment gain (or lost). So very very hard for us. And with that, I lauded those that able to hold for so many years and not even sell a single sat.

This is commonly the word for altcoin projects. I have often heard and read about "when Lambo" in many telegram groups. That is because they don't know whether the project can really rise up exactly or not.
But for Bitcoin, we don't need to ask that and utter the words, because we have known and believed that Bitcoin will be skyrocketing someday, after the halving a d in other chance. Bitcoin price is now decreasing signifianlty, but this doesn't stop us to trust in Bitcoin able to rise up. We know that bearish era is not ended yet,t hat is why we must wiat for lite bit longer again. Just buy more to save and hold more  ;)

That's why we also have this adage "Invest what you can afford to lose", so that there will be no pressure for you to sell during bear market because it is not advisable to do that.

And I wouldn't call it frustrating, he have seen and experience the last bear cycle already. So we should know what to do currently. Just stay relax and then do some DCA, it might help up go over this bear market and at the same time invest on it very slowly.

Most people are afraid to buy during this market season but doesn't even hesitate buying at the top when cryptos are going parabolic. They think that the current market condition won't recover anymore with these fuds going on.

While there are others that know this is the perfect time to accumulate and prepare for the next cycle. Once market starts to go up again, these people will just relax waiting for their holdings to reach a new ATH and take profit.