I don't agree with holding all your coins. You must take a profit when you can on part of your holding or you might end up waiting for years with all your money tied up.
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I think it will take a lot more than those fairly small rises to make people come back in to Bitcoin. Because the only way it's going to go up is by people rushing in because of fomo. And I don't think anybody's missing very much just now. It's such a big risk when the price is so high and you have to pay so much for just one coin or even a tiny part of a coin. Can't see it doing a lot in the near future.
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I don't see any increase either. Maybe it will go to 9k or perhaps back down to 7k. But can't see any bigger upward swing any time soon.
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It will be back down to 7k. You heard it here first.
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The price could reach 9k but no more than that. Before the whales swoop and take their profits. This is just to tempt people in with their hard earned money. Buy but sell when you have a profit. It's the only way as can be seen from all the recent price fluctuations.
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No I don't agree with this at all. If Bitcoin is in a general decline there is no point in putting your hands over your ears and saying to the moon. 1m by the end of the year. It's just not sensible.
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The right time is when the price is low for the average month or two. So now wouldn't be the right time. Because it is relatively high compared with the last week or so. If I was going to buy Bitcoin I'd wait till the price again went to say 6.5 or lower. I wouldn't buy now.
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There is no profit unless you cash out. If Bitcoin went to 50m per coin and you didn't cash out anything you won't have made a profit. There is a time to buy and a time to sell. And sometimes a time to hodl.
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I think it would take a miracle for Bitcoin to fly again.
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Yes I agree the price is being manipulated and insider trading and heaven knows what else. The ordinary person hasn't got a chance just now. Because they might be sucked in again and lose money because they don't know whether or not the price will go up or down.
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The whole thing is certainly far too volatile for any sensible person to spend their hard earned cash on at the present time. That's my opinion. there is no guarantee it will rise in any meaningful way any time soon. And if it goes up to say even 8k the day traders will be along in a flash to swipe the lot. If it falls to say 5k it would be tempting to buy in at that level. But I wouldn't buy at this price around 6.5 or so
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No indication of a rise as far as I can see. Fact is Bitcoin went up to 20K and is now around 6.5. That's not spreading fud. That's fact. But so is saying it has gone up a huge amount since the lowest price of the last 12 months. That is fact too.
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I'm feeling this might be the time for an almighty crash. Because it's looking more and more likely. Recoveries are not good now.
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I don't think it's anything to do with FUD. The price won't rise because people think it's far too much of a risk to buy and then not to sell when the price goes up because it will probably go down again shortly. People are making money every day by day trading. So every time somebody puts money in and the price goes up the day traders will take it.
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If the Bitcoin price was stable completely for a couple of years why would anybody bother with it. People are in it to make money which is fair enough. But they've got to realise that not everybody makes money and they haven't made any profit till they've sold. So many folk are failing to grasp that and that's why we get all this hodling advice. Hodling is no good on it's own. You've got to be able to either change bitcoin into a currency or use it to purchase something.
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I didn't quite get what a short was. Is it a fake buy when the sale doesn't go through. It all sounds very dodgy to me.
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I think things will become clearer at the end of the month. Maybe it is a strategy for whales to keep the price low enough to tempt more people in at low prices but not so low that people lose faith in Bitcoin completely. I am losing trust in the whole Bitcoin market for just now.
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The major whales won't cash out completely. They are quite happy with gobbling up profits on a daily basis. So a lot of investor's money is now going to feed whales. That's why I won't buy now.
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I think that advising people to HODL in all circumstances is not a good idea. Any more than advising them to buy or sell in all circumstances is a good idea. Say for example somebody bought now and the price went up next week to 12k then I'd advise them to sell some Bitcoin. But buy now and then it crashes to 3k next week then they shouldn't sell. But perhaps buy a bit more if they can afford it. I wouldn't buy today at around 7.3. It's a bit high compared to a few days ago.
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Anyone who bought at 12K or more is in deep deep trouble. Will they ever get their money back. I have no idea. There must be a lot of people who bought at 12k plus or even 10k plus to have driven the price up os much a few months ago.. And yet again today the price is going from low to a bit higher today. I'd say if you had the money to buy low take your profit when you can. Don't be greedy and hold on for the moon. It probably won't come.
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