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Even I thought the same when BTC price went down to this week after recovering now I believe the next resistance level could be 50k and that's the reason I think it was struggling, despite a major drop it is once again proving it's capability.
There was a lot of panic sell before few days and I think that's the game of big players, a lot of investment are pouring and more to go guys a life changer for sure but enter at the right time for investment don't get struck.
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It's great to bring in cash and secure your future with bitcoin, however, you ought not relies upon bitcoins. Bitcoin can be considered as your side pay and you can make brilliant benefit with it, I won't advise anybody to put his cash in bitcoin until he masters everything about bitcoins. I assume a large amount of the majority put all the resources in bitcoins and when they fall they lose all the money. Likewise, there's no possibility for bitcoin to become 1 dollar for each satoshi it might require 50+ years since bitcoin isn't much involved with us.
I think it's not about bringing money, investing at the right time is the key because there are many of those who invest in high price and expect profit in a real quick time which is extremely dangerous I certainly understand risk is reward but if you are investing in BTC for higher price then you are going against the market, think and plan before investing sometimes you can make profit in luck but it won't favor you Everytime. |
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It's great to bring in cash and secure your future with bitcoin, however, you ought not relies upon bitcoins. Bitcoin can be considered as your side pay and you can make brilliant benefit with it, I won't advise anybody to put his cash in bitcoin until he masters everything about bitcoins. I assume a large amount of the majority put all the resources in bitcoins and when they fall they lose all the money. Likewise, there's no possibility for bitcoin to become 1 dollar for each satoshi it might require 50+ years since bitcoin isn't much involved with us.
I think it's not about bringing money, investing at the right time is the key because there are many of those who invest in high price and expect profit in a real quick time which is extremely dangerous I certainly understand risk is reward but if you are investing in BTC for higher price then you are going against the market, think and plan before investing sometimes you can make profit in luck but it won't favor you Everytime. |
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To be honest I didn't entered at this dip I thought the market has started to drop but once again it BTC got the momentum which is really good to see, I have already planned to buy at 20k so I was expecting the same However the market has different thoughts and once again big players made a quick twist and now BTC price is recovering In my opinion if in case it breaks 40k then the next resistance could be 50k.
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We can't blame those who sold in panic because the drop was too big, but BTC is playing tremendously from 30-32k trust me we can even make short term profits as well. I think BTCs resistance might be 40k if it breaks then next thing could be a big one, However the market twist has started and anything is possible.
Long-term holders don't even care but people who are really worried are short-term holders and newbies, guys think and react according to the market situation don't lose your hard earned money have patience.
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I believe humans do mistake sometimes we often confuse on whether which is right or wrong because of fear, similarly BTC is a asset which makes crazy to invest that's okay if you missed the train before a decade. Let's have a look on last year it was 3.5k still many feared and there were lot of rumours on the price will even go down but it pumped 300% which is a huge and massive pump and the rest what we see today is the history. Let's focus now and plan for the next 5 years from now.
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Hey guys I was researching through a project called " Beldex coin" and I was analysing on this to me it's look like it will grow very soon as this project is good. Well this is a fork of monero currently priced at 0.06$ and the market capitalization and volume is slowly pumping now and Beldex is up 18% in the last 24 hours I am planning to invest in this coin as it looks safe and secure, kindly share your opinion  |
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A lot of the rally is supposedly due to institutional money being poured in. Many other potential institutional investors are seemingly looking into bitcoin as a reserve of value, and looking at the big picture with a wider period of time, it seems to comply.
Nevertheless, the message that a 20% drop in 24 hours sends is not that brilliant (despite a sizable drop being expected). Money tends to behave rather cowardly, and from a corporate point of view, a potential drop of 20% is not that easy to digest. The positive side is that playing the longer game performs reasonably well.
Agree, people jumped to buy BTC at higher price too those who bought in 40k would be really worried now I mean excluding long-term holders, BTC is extremely risky and this live drop is a genuine evident for that nearly 20% drop which is really shocking. Either a big institution would have sold in big numbers or a big whale would have entered. We everyone know BTC market is very volatile and risky but it all depends on our plan and investment, so think and make a decision. |
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I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you
To be honest I always prefer to buy only if the price drops and I think that's the best opportunity crypto coins are giving us, you should not enter the market when the price is too high all you need to do is wait patiently and analyse the market. yes definitely this drop has been a hot topic as BTC has dropped nearly 20% and I don't this is a temporary correction. Obviously panic and nervousness will be in everyone because this huge drop is a big loss right, so this is not the right time to buy as well. |
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The hardest part I think is entering to buy at right price, unfortunately the majority of the people will fear to buy at high price because most of them are short term holders, if someone has already planted BTC for long-term then why do they care about the price?
No one will risk to buy at higher price except long-term holders and big institutions because unpredictable is it's nature, those who bought at 25+ and made profit are very lucky and this won't work Everytime.
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That's a great news and BTC clearly shows how safe and secure asset it is, people even now are very much concerned about it's security and this news is the evident for all those worries.
This is definitely a big number and I am sure he would be the happiest person in the world his patience finally worked for him and BTC is proving again and again about it's trust towards the public.
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Oh no, I don't think it's a correction as the price has dropped to 12% straight away. Guys it's time to rethink and plan I guess the time has started for BTC to go down, don't blindly trust other and don't be too greedy.
In the near term the key for BTC is to remain above 20k support level, However for short term holders this is not the right time to enter the market analyze it and then buy if you are desperate. The most important thing is guys don't panic and sell understand the market and go through the technical charts and then make a decision.
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Make it partial sell this is only if you are in the need of any emergency purpose, and hold rest of the balance qty also I would suggest you to follow market principles by buying low and selling high you are not advised to catch a jumping train, so think and plan before making a decision. Also if have already planned for long-term then why you want to turn back and see just move on.
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The reason why we plan for long-term is only because if we require that in future for an emergency, sometimes we have to overcome and react according to the situation.
And yes even I have experienced that I mean after selling and price will gradually grow in rapid speed and that's really frustrates like I did a big mistake, after sometime I use to satisfy myself that whatever happened only for good cause and I was not greedy too because I sold it only for the purpose.
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There is no need to convince people to use digital currency. They will eventually adopt. Technology is starting to reach every part of the world and we humans can adapt easily to every innovation that we see.
One's curiosity kicks into those that haven't adopted it, they'll start to know more about it. Information can easily be found through searching and they will learn through many resources that they can find online.
Agree with you, digital money definitely offers obvious cost Advantages. Hundreds of millionaires have already invested in BTC because of the curiosity like you every technology has planned already we need to get use to it. In my opinion nearly 30-40% people have already started to payment in digital also the upcoming generation will start using this technology for sure but paper money will always be a part of our life. |
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Person who ever sells BTC is just for the need and that's depends on the situation and yes there are people who sold their asset for hospital expenses also there was a thread in this forum, if people have loads of money then why they will sell it?
Holdings absolutely works only for those who don't even care if the price come to the bottom only patience works here, also don't be too greedy if you are desperately looking for money like borrowing money from those or applying for loans by trusting BTC. Remember if it goes down you will be strucked everywhere.
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This is purely depends on us BTC is something which gives you a millionaire opportunity if you are all set for that then obviously we want to live a lavish life right?
Also how long will a person keep on holding till ages? Everyone's vision is to live a rich and luxury life you need a car, house & lot of stuff if his/ her dream car is Tesla then they will surely go for that. See holdings only works for those who are planning for long-term, so go ahead.
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King of alts Ethereum is my favorite pick followed by XRP, right now due to US SEC news xrp price has gone down very badly however I will wait for the court hearing which is suppose to happen in Feb next month. Trust me guys if the case goes in favor of XRP, I am sure the price will go at least 2$ until then I will wait.
Then comes in my mind litecoin which is tremendously doing well also stellar as well, Ukraine has joined hands with xlm and more to come in future. I will always prefer in top 50 coins which I think it is more safe and secure.
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