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Author Topic: All time high is just around the corner are you selling all  (Read 285 times)
enhu
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November 07, 2020, 06:12:36 PM
 #41

It will not even need another Paypal or big company that will announce their bet to BTC to break another resistance. The decrease of supply I think will be enough to reach the ATH but it's going to take time.

I do not believe that the value of bitcoin will reach the maximum values ​​of 2017 of about $ 22,000 by the end of the year but already at $ 15,300 that is its current value I believe that most of us are making a profit

It's due to the traders taking a profit. It could be due to the election also but once the price this the bottom again, traders will start buying back.  

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November 08, 2020, 12:47:57 AM
 #42

Im still gonna hold all my bitcoin no matter what happens, there still a big chance that bitcoin will become $17,000 or more not because i have trust in it because it was destined to become , you must hold yours too, you even know what the futures awaits, not just making profits because we all knew that we lose sometimes, and i suggest for those who wants to buy bitcoin it is the right time for you to make that decision before you regret it sooner or later.
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November 08, 2020, 01:05:50 AM
 #43

It looks like all time high is just around the corner congratulations to all those who bought Bitcoin when it crashes last March and you are still holding it, now that another all time high are you making a loan withdrawing from your savings to buy Bitcoin?

Remember whatever happens only invest what you can afford to lose, there is a big temptation to put everything, but the market is still volatile it's never steady it never was.

Still very far off an ATH, probably 6 months I'd guess. Also, why would you sell right before the market really starts expanding? That'd be like selling in early 2017 when the price got back over $1000 haha. That's a terrible time to sell.
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November 08, 2020, 04:37:59 AM
 #44

Year 2021 will be very big for crypto in general. This last quarter is just to prepare the ground for what is yet to be surfaced. I am definitely holding for long and not looking to sell anytime soon.

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November 08, 2020, 07:08:47 AM
 #45

I think that most people who bought in 2017-2018 at like $15K-$20K, they already sold at a loss either at $6K which was tested a few times in 2018, or when it crashed down to $3K in late 2018. Then those that bought BTC in 2019, at like $10-13K at the peak, probably sold when it crashed down to $3K back in March 2020. So the new people who bought maybe around $10K a few months back most likely already sold it at like $11-12K because it looked like it could go lower.

So there aren't too many sellers left really. How I am worried that too many people are overly bullish and expect at least $20K. Some people are expecting like $50K or $100K. So I have a feeling that we might top at $19K and start to head back down and chop around for a few months or year or so. Because it seems the sentiment is way too bullish right now.
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November 08, 2020, 01:23:58 PM
 #46

Actually bought a bit late, bought at around mid july or something, could've gotten some coins at a lower price if only I took the chance, still a profit, although I don't really see any reason why I should sell my coins. I actually had some coins left from before the crash happened last march, no regrets joining the panic sell even though I lost out cause if I were to look in the big picture, a small stumble would simply lead to a smoother path in the future. I'd probably hold mine for at least 5 years or so before selling off, or at least wait 5 years then wait for the next possible bullish run.

R


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November 08, 2020, 01:31:51 PM
 #47

I think that bitcoin has a very prosperous future and will continue to increase in value. Unlike fiat currencies out there it is not susceptible to inflation, as it has a fixed quantity of 21 million that cannot be altered. If governments want to make the debt in their currencies worth less, they can simply print money, but Bitcoin will never be at risk from that. If anything, the amount of Bitcoin in circulation is likely to fall over time because small amounts get lost in old wallets or access to wallets is lost for a whole variety of reasons (viruses/owner death/etc). It's great that the value of Bitcoin is falling though, because that means it is possible to buy more for a cheaper amount in the dips - you really have to think long term.

R


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November 08, 2020, 02:34:20 PM
 #48

It's very tempting to do that, but I have seen a lot of investors getting burned because they have not invested with their own money and instead they take up a loan which is double the risk, investing in Cryptocurrency market is like gambling only invest or bet what you can afford to lose and you will come out ok, it's better to have less than worrying a lot.

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November 08, 2020, 08:12:34 PM
 #49

Actually bought a bit late, bought at around mid july or something, could've gotten some coins at a lower price if only I took the chance, still a profit, although I don't really see any reason why I should sell my coins. I actually had some coins left from before the crash happened last march, no regrets joining the panic sell even though I lost out cause if I were to look in the big picture, a small stumble would simply lead to a smoother path in the future. I'd probably hold mine for at least 5 years or so before selling off, or at least wait 5 years then wait for the next possible bullish run.
I guess I am too late to join bitcoin to change anything in my life, I am not really comfortable enough to say that my bitcoin portfolio ever increased to a level where I could comfortably retire and it will probably never be like that, I do make more profits from it compared to inflation so I am quite happy with it, I am not going to stop investing into it, but I feel like maybe it is time for me to start looking at other things that could do 10x in the future, like maybe ethereum which could hit 5k one day and that wouldn't be interesting, I doubt bitcoin could be 150k+ before ethereum hits 5k. This is why I could say, I am not selling right now but if I were to sell, I would probably sell to get into another crypto, not sell so I can take it out to fiat.

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November 08, 2020, 08:18:10 PM
 #50

I think that bitcoin has a very prosperous future and will continue to increase in value. Unlike fiat currencies out there it is not susceptible to inflation, as it has a fixed quantity of 21 million that cannot be altered. If governments want to make the debt in their currencies worth less, they can simply print money, but Bitcoin will never be at risk from that. If anything, the amount of Bitcoin in circulation is likely to fall over time because small amounts get lost in old wallets or access to wallets is lost for a whole variety of reasons (viruses/owner death/etc). It's great that the value of Bitcoin is falling though, because that means it is possible to buy more for a cheaper amount in the dips - you really have to think long term.

The big advantage of bitcoin once being embrace by many this what you have said, due to the numbers of coins to exist over the demands of many people who will going to use it.

We can't tell when but with how it's moving right now then we can say that new ATH is really nearing, hard to predict as if this continuous uptrend greed may take place.

Instead of selling it with a better value it's nature to think that it may rise more, you should
 have your specific target and be content once it's been reached..

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