The retrace from $500 was the bear trap

[spazzdla]

Wil you get caught?

Sell now cry later.

[NorrisK]

If you are right we are going to be in for an amazing ride soon!
The curve to come is still very steep in that case and 2000 should easily be possible then.

[spazzdla]

If you are right we are going to be in for an amazing ride soon!
The curve to come is still very steep in that case and 2000 should easily be possible then.

At this point... any shorter might be looking for a bridge in a couple months.  Becareful bears.

[TigerUppercut]

A massive bear trap   

[randy8777]

i don't think it will fall that hard as when it did the previous time when it touched $500. i think it will stay above $500 and go even higher than that. we just need to have patience.

[MissionPhailed]

I've been a bit bearish the last weeks and cashed out to compensate for previous years losses. Has to be seen yet if its really a bear trap, but volume and value reaching the stratosphere ATM indicates we're not dealing with a short and insignificant spike. Rougly $25 up in today and I assume $500 certainly isn't out of reach.

[Loimu]

Yeah, it's going very well and solid right now. I don't think $500 will be an issue.

[NorrisK]

I've been a bit bearish the last weeks and cashed out to compensate for previous years losses. Has to be seen yet if its really a bear trap, but volume and value reaching the stratosphere ATM indicates we're not dealing with a short and insignificant spike. Rougly $25 up in today and I assume $500 certainly isn't out of reach.

Unless you really need the cash, I would not try to compensate for losses from the year before. If you had hheld your coins, you would've had 10% "less losses" at this moment.

I don't feel your bearish sentiment at all. Ofcourse we will see retraces and stagnant periods, but in general, there is a big arrow going upwards. Don't try to aim for the peaks and vallyes, just keep floating on the waves and you'll reap the rewards sooner rather than later. 

[MissionPhailed]

I've been a bit bearish the last weeks and cashed out to compensate for previous years losses. Has to be seen yet if its really a bear trap, but volume and value reaching the stratosphere ATM indicates we're not dealing with a short and insignificant spike. Rougly $25 up in today and I assume $500 certainly isn't out of reach.

Unless you really need the cash, I would not try to compensate for losses from the year before. If you had hheld your coins, you would've had 10% "less losses" at this moment.

I don't feel your bearish sentiment at all. Ofcourse we will see retraces and stagnant periods, but in general, there is a big arrow going upwards. Don't try to aim for the peaks and vallyes, just keep floating on the waves and you'll reap the rewards sooner rather than later. 

The positive side is that I can't lose anymore; the worst-case scenario regarding crypto in my case is now getting 0 profit out of it. But yeah, me cashing out early is indeed illogical as I've got an abundance of cash these days. Color me nuts 

Goal is now to accumulate crypto in various ways and indeed aiming for the long term. Perhaps a faucet nowadays could be worth a new phone in 2020, who knows ... !

[panju1]

i don't think it will fall that hard as when it did the previous time when it touched $500. i think it will stay above $500 and go even higher than that. we just need to have patience.

Yes, this time $400 seems to be holding.
The only reason why this is scary is the move up (as well as the retrace) happened in a matter of hours.

[Emperor of Man]

I just hope it falls as deep as possible (say, $2xx), so that I can buy a nasty number of BTCs. After that it can go to moon, no problem. 

[1Referee]

I just hope it falls as deep as possible (say, $2xx), so that I can buy a nasty number of BTCs. After that it can go to moon, no problem. 

It won't. The price is acting like it always did. It will probably stay around $420-$440 for some time. It was exactly the same with the $200's and 300's range. For some reason $X20 - $X40 is where the price seems to level nicely. Not sure why, but it happens. Let the dumpers dump till they are satisfied, we can rise after that. There is no need to hurry in seeing the price go up.

[NorrisK]

I just hope it falls as deep as possible (say, $2xx), so that I can buy a nasty number of BTCs. After that it can go to moon, no problem. 

Why didn't you buy 2-3 months ago then? Price was comfortably in the 2xx range and now you want it to go there again to buy.

Buy opportunity in the 2xx range is gone, and now everybody wants it back because they have seen bitcoin can get some life in it again, which they doubted after it was in that range for a long time. First signal it was going to leave was the first pump to 315.

[newcoins1978]

If you need it to pay bills it was best to sell yesterday. I'm just holding for now so I'm not too worried about the value of the bitcoin right now.
As long as it keeps on growing, with dips every now and then I'm good.

[n691309]

If you need it to pay bills it was best to sell yesterday. I'm just holding for now so I'm not too worried about the value of the bitcoin right now.
As long as it keeps on growing, with dips every now and then I'm good.

For paying bills then it's better to sell when you think it's the higher price, but for now its not a good time as the price crashed for more than 50 USD

[Yrpapyrtersplooz]

... but for now its not a good time as the price crashed for more than 50 USD

...and that's just the beginning. Wait til you see what happens next

[n691309]

... but for now its not a good time as the price crashed for more than 50 USD

...and that's just the beginning. Wait til you see what happens next

Maybe yes but i doubt, i know that last time the price crashed for more than 100 USD but i don't want to see it again now

[maku]

Well, apparently there is some crisis approaching from Wall Street as there is some major stock sells going on right now. I am not sure if this will affect bitcoin price directly, but I am started to get worried.
Rise of price already halted.

[anthonycamp]

well into europe and china all good soo the btc might rise to 450$ at end of december and may rise a bit more to those 500$ after january the wall street crises its not world wide

[Amph]

... but for now its not a good time as the price crashed for more than 50 USD

...and that's just the beginning. Wait til you see what happens next

it will increase again, because it was a simple trap to accumulate more

this is a common pattern, for every new kind of increase there is a small retracement to consolidate the price, we can not sustain an increase without a stop at every step