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Author Topic: Traffic will jam if bitcoin pumps  (Read 247 times)
GreatArkansas
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February 25, 2023, 02:13:19 AM
 #21

But, then many of this people do not understand that, bear season is the best time to buy and wait for the bull season, buying  when the price is lowest and waiting to sell when the price is at its peak is better than buying when the price is already going up and hoping to sell at the peak.
(....)
And this is another reason why the price of Bitcoin is going parabolic during that time, people are doing FOMO and they just press the green button with panic. We already experienced this in previous prices of Bitcoin or previous bull markets.
I am curious if people will learn lessons that they will realize it is much better to accumulate Bitcoin during the bear season.

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February 25, 2023, 05:53:50 AM
 #22

Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life
OP probably wants to say that people are afraid of the price dropping to this extent and that's why they are running away and panic selling their assets, but eventually, everyone will come back and start believing in it once they see it rising again just like it did in the past.

But honestly, I don't understand what OP means by the title he has chosen for this thread. Although this is a repetitive thread, somehow, I do agree with OP on the point he is trying to make here. People get afraid of the dropping prices and start panicking selling which causes further declines, and people come running when the price shows positive movement.

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February 25, 2023, 06:48:38 AM
 #23

People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.


In every commodity, there are people who fully believe in the product and knows the profit capacity and probably of it while there are people who just want to hang around for the little and near time profit, in trading parlance they are called scalpers. So understand it that there are weak hands and strong hands and this is also how bitcoin investment is, there are those believing in the long time and short time. It is not every investor that will stay for all the long time, there are those that will stop on the way.
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February 25, 2023, 01:18:45 PM
 #24

OP probably wants to say that people are afraid of the price dropping to this extent and that's why they are running away and panic selling their assets, but eventually, everyone will come back and start believing in it once they see it rising again just like it did in the past.

But honestly, I don't understand what OP means by the title he has chosen for this thread. Although this is a repetitive thread, somehow, I do agree with OP on the point he is trying to make here. People get afraid of the dropping prices and start panicking selling which causes further declines, and people come running when the price shows positive movement.
People will only be determined to invest when they already see how the price moved, during 2017 we see that users of bitcoin user increases and attract traffic that causes more investors. However after many old holders sell their investments and causes the price to dump they called Bitcoin as scam and leave. Only those who research thoroughly will understand the cause and effect of the buying and selling. And we as investors should know our priorities whether we will hold longer and accumulate or just ride when the price already increases.

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February 25, 2023, 02:45:16 PM
 #25

Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money.
This is nothing new. We've seen it happen over and over again. It's the fear of missing out of what they think it's obtainable that makes such move pronounced and it baffles me why anyone would wait until price starts rising to chase it. It happened in 2017, repeated itself in 2021 and will also do same in 2025. It's such a situation that will continue to give us the needed ATH. Don't forget that it was because of such FOMO that Bitcoin got chased to $68k+ in the last bull rally. We will definitely see another chase. The moment is building up already.

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People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.
No one wants to be associated with failure or anything that's stagnated. Just like the eagle, anywhere the carcass is that's where they're gathered. It's human nature to want the best.

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February 25, 2023, 03:54:03 PM
 #26

Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life
He might not be good in English grammar but his words are somewhat connected and understandable. I wonder why people say his title does not match the body.
The title says "Traffic will jam if bitcoin pumps". This means that there will be many inflow of people into bitcoin ecosystem when bull run starts. And this was exactly what he explained in the body of the thread.

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March 05, 2023, 05:51:39 PM
 #27

I'm also not sure if there are really people who have kept their bitcoins from 2011 and haven't sold them at all, if there are maybe the comparison is very far.
because people will find it difficult to hold back if they make a profit and will immediately sell it.

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March 07, 2023, 10:34:40 AM
 #28

I'm also not sure if there are really people who have kept their bitcoins from 2011 and haven't sold them at all, if there are maybe the comparison is very far.
because people will find it difficult to hold back if they make a profit and will immediately sell it.
Due to market innovation and the emergence of new projects, there have been several changes between 2011 and the present. No one is prepared to lose the earnings they have accrued over many years, given the state of the market. But, I am aware of traders that are proficient market scalpers and who do it using amazing news and signals. As the goal is to create a bull upswing to $100k, there is a need for retracement even though the current movement of bitcoin is rather negative. Market volatility makes it unpredictable, yet traders are still generating good money during bull and bear markets; all we need to do is adjust to the winning trading tactics.

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March 07, 2023, 02:07:10 PM
 #29

Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life

I've seen and heard of people who waited patiently for a long time but did not reap the benefits. They exited the market just as the market was about to experience a pump because their patient limit had been reached. This is still due to a lack of knowledge about the bitcoin market. The content of your post makes sense but it differs from the title of the post.

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March 07, 2023, 03:10:10 PM
 #30

Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life

I've seen and heard of people who waited patiently for a long time but did not reap the benefits. They exited the market just as the market was about to experience a pump because their patient limit had been reached. This is still due to a lack of knowledge about the bitcoin market. The content of your post makes sense but it differs from the title of the post.
I just saw this thread and also makes me wonder why does the title is too far from the content of the post.

The real holders are the one who are really taking the benefits of what they are doing. They won't budge on a single pump as they are committed on holding the bitcoin they have. Those who are selling are just short term traders or the one who just need to make profits from it. Those type of people doesn't assume that they can make a big profit from it knowing that they are just selling it short term for profits. This doesn't mean that they have no strong foundation or knowledge about bitcoin market. I strongly disagree to judge people who just sold their bitcoin, For sure they have their own reasons why they sold it and has the freedom to sell it. It's their own freewill and for sure there are regrets to themselves too.

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March 07, 2023, 03:18:40 PM
 #31

I just saw this thread and also makes me wonder why does the title is too far from the content of the post.
The OP has been banned, so anything suggested for him is only likely to become useful if he actually still reads it.

I strongly disagree to judge people who just sold their bitcoin, For sure they have their own reasons why they sold it and has the freedom to sell it. It's their own freewill and for sure there are regrets to themselves too.
Bitcoin has real use cases as means of payment, so not everyone is going to hold on their bitcoin as a long-term investment because some of them spend it on buying things. So of course it's true, sell now or later, spend now or never is the full right for whoever they are, your bitcoin is your bank.

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March 15, 2023, 04:33:44 PM
 #32

When bitcoin pumps it’s time hold your assets tight and never let them go away. Basically it depends on your position in the market. If you are already in profit and well above average point then no need to sell. If you want make profits and buy again then that could be done quickly with decentralised exchanges or p2p transfers. I’m stressing on holding because it’s long term profit that’s gonna make big difference. Once sold its sold for that particular price. However, in the opposite case when one keep buying then they are securing the average price per bitcoin thus making it far more profitable.

So no question of pump and traffic jam or whatever you call it. Wink
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March 15, 2023, 05:27:34 PM
 #33

Yes exactly those who wait for the best achieve best and those who do not think with active minds and want to earn quickly will definitely looser. Large number of crypto users are guaranteed to get profit with the investment in Bitcoin, now people are getting involved in crypto more than other job because bitcoin will give you more money as a result of any other job. But for success it is quite important to make a sense about time of selling as well as buying and make appropriate decisions. If you get feared with crypto lower price and do not wait more for the betterment of worth then its your fault and it will lead to your loss.

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