What!? You sodl? Too bad.

[xFiber]

You're probably too soon on calling this the bottom. What we're seeing here is probably a bull trap and we will go down back again at some point this week/month. But I'm still incredibly bullish long term of course.

[Catmony]

Dead cat bounce on its way right back to $1000.
Sell while you still can.

Don't expect that brother, just buy now or you will be left behind.
When price will recover from current dump rally just because of some made up news, it can easily get over $6000. 

[rext]

It is all coming back now.  You are too late to get back in.  That's what is called 'being left behind'.

The trick has ended, I would like to be able to laugh at the face of those who have sold panic. They will take the consequences of losing trust in bitcoin. Everything is back, a really great signal.

[GeePeeU]

Dead cat bounce on its way right back to $1000.
Sell while you still can.

Don't expect that brother, just buy now or you will be left behind.
When price will recover from current dump rally just because of some made up news, it can easily get over $6000. 

I can imagine a lot of resistance around the $5k mark. I bet there was a lot of new investors around then who got scarred over the recent events, and are eager to get out.

But I can see it getting to $4500-$5k easily. 95% of the news that came out that caused the fud was fake, or isn't worth being notable.  

[aoluain]

I just noticed on Bittrex that there are shades of green,
its so nice to see this but Its a pity for the ones that sold
in a panic although this little up might not last too long in
the short term, lets hope im wrong and the recovery has
started earlier than we all thought

[The Sceptical Chymist]

dont be too optimistic.

this can be just a small rush. i indeed want to share your optimistic and hope it will push again to the moon.


BTC Quotes
3,378.960  USD  in China plattform which is apro 2829 euro and its a good way right now

It could be, but if this is a dead cat bounce, it's one hell of a bounce.  I'm neither buying nor selling right now--I would be doing the former if I had any cash, but I don't.  Somehow whenever bitcoin tanks, I have no money freed up to buy it.  I've missed so many opportunities it's nauseating.  But it's still nice to see the end of the slide.

[HabBear]

I bet even a stock trader with 40+ years in the stock market couldn't figure out the crypto market.

Yep, exactly. Because a stock trader with 40+ years in the stock market is 60 years old (at the youngest) and might not have the comfort with leading edge technology to put it all together.

It could be, but if this is a dead cat bounce, it's one hell of a bounce.  I'm neither buying nor selling right now--I would be doing the former if I had any cash, but I don't.  Somehow whenever bitcoin tanks, I have no money freed up to buy it.  I've missed so many opportunities it's nauseating.  But it's still nice to see the end of the slide.

There hasn't been a dead cat bounce all year!? What are you talking about?!

[Forward_Thinking]

This market is so confusing. I get it that people are buying now, but on bad news from China...that part confuses me.

[Cindy1983]

LOL. Good to see Bitcoin price coming up back )) I'm still holding all of my Bitcoin just because I believe in it. I believe that Bitcoin can easily reach over 5k$ soon and China only can affect to Bitcoin for a time not forever )) Do you know what is happening? Some of my trasactions is stucking for a long time about more than 1 hours and still do not get any confirm

[sukamasoto]

I read that Chinese not shutting all exchanger that exist on Chinese , they said that they will shut down temporary until they can made a new regulation for bitcoin so it's not ban permanent and Chinese people still have a chance to use bitcoin in the future. For that reason, I keep hold my 0.2 until bitcoin reach $ 5,000 on next October !

[Dhaaaw]

I don't even know what's wrong with people... Why would they even sell at 3k $ ?it's not even logical. Bitcoin is always bound to go up and up and all those who sold while it was down made so much loss it's not even understandable. Thank god it's going up now and giving one hell of a lesson for everybody who had a doubt.

[Iranus]

I bet even a stock trader with 40+ years in the stock market couldn't figure out the crypto market.

Yep, exactly. Because a stock trader with 40+ years in the stock market is 60 years old (at the youngest) and might not have the comfort with leading edge technology to put it all together.

People having 40 years of experience in a field does not suddenly make them idiots or incapable of understanding new things.

It could be, but if this is a dead cat bounce, it's one hell of a bounce.  I'm neither buying nor selling right now--I would be doing the former if I had any cash, but I don't.  Somehow whenever bitcoin tanks, I have no money freed up to buy it.  I've missed so many opportunities it's nauseating.  But it's still nice to see the end of the slide.

There hasn't been a dead cat bounce all year!? What are you talking about?!

Have you seen the Bitcoin graph from late 2013 to early 2014?  The pattern is quite similar, only now we're dealing with higher prices.  The dotcom bubble also had a similar graph with a slight rebound before a dramatic crash.

I'm not saying that the past necessarily predicts the future, nor am I saying that you must be wrong - I'm just saying that if it is a bull trap, this is exactly what it would look like.

This market is so confusing. I get it that people are buying now, but on bad news from China...that part confuses me.

Me too, but traders don't act based on logic when they get caught in a bubble.  It's happened time and time again but no one learns their lesson.

[jtipt]

It is all coming back now.  You are too late to get back in.  That's what is called 'being left behind'.

Never really heard "sodl", Doesn't have a nice ring like HODL, eh don't force the trend. Anyways, yes anyone who panic sold when price was below $3500 definitely made mistake had bought when price was higher. But some were probably just cutting their losses, in the end they lost and the holders won(maybe not yet).

[Kingofbitcoin12345]

It was so heart pounding this few days,, I've been in the edge of selling and holding while hands is shaking just to press a single button.. Luckily,, I've read a lot of good humors that lighten my dark days and red market numbers.. Thanks to them who suggesting and advising not to take pressure or emotions in making decisions because I might regret it afterwards..

[Omega Weapon]

Hahaha, yes now it rising up and up.
What I've done - just hold bitcoin and that's it.

This is rollercoaster!

I do not know why people keep falling for this, if the price goes down that is not the moment to sell, you are going to lose money, that is the moment to hold and if you have some spare cash in hand then you buy, if you sell at a bad price then when the price goes back to normal then you will have to face the difficult choice of buying at an higher price or hope that bitcoin goes that low again.

[que91]

LOL. Good to see Bitcoin price coming up back )) I'm still holding all of my Bitcoin just because I believe in it. I believe that Bitcoin can easily reach over 5k$ soon and China only can affect to Bitcoin for a time not forever )) Do you know what is happening? Some of my trasactions is stucking for a long time about more than 1 hours and still do not get any confirm

Actually the volume trading of the Chinese market was not like the past, it not strong and just accounts for 15-20% total volume trading Bitcoin on the world. New marketplace has replaced China and balance the cryptocurrency market

[ivrynx]

It is clear that those who had sell their bitcoins doesn't know anything about investments and they are just in it because bitcoin became popular, these people with weak hands should read diligentlt about thr basics of investments, buy low, sell high, there is no reason for them to panic in the first place, again their ignorance this.time is too expensive, if they only see that this is the best time to buy since it is already a bargain, now that it is below 5k usd and the support is around 3k usd, these people will surely regret their decision. One thing is noticeable, a lot of people who have bitcoins nowadays just bought it at a high price, and now selling just to cut loss on their investment, and by time time bitcoin rallies back, for sure the same people will buy back what they loss, hopefully they already understand how investments and economics work. One thing i worry about is the number of people, since you can see it on the volume being sodl, for those who hodl and still buy, there will be a huge difference on the price that we have now and on the coming months, since bitcoin has a history of recovering back from its losses, even with all the negativity around, i think if china, didn't protect its people from the scam ICOs, thr value of bitcoin will still rise and also if btcc exchange didn't shutdown, the same people who sodl will surely be buying more bitcoins,  withiut considering the price, hopefully these people will learn a valuable lesson to not just go with the flow but to educate theirselves on what to do in times like this, since we all wanted to gain more profits, selling them at this point is not an option. I think we should do our part as a community and teach those with weak hands, what to do, in order for them to appreciate more what they have and will not regret their decision in the near future.

[aardvark15]

It is all coming back now.  You are too late to get back in.  That's what is called 'being left behind'.

The price could still drop more because we know Bitcoin is unpredictable. But I agree with the premise of your post. Selling during this drop was not a good idea unless you sold closer to the top. I think a sell above $4000 would have been good as long as you buy somewhere close to $3000 or lower.

I chose to hold because I was unsure when the drop would come and all my Bitcoins are offline at the moment. I still would consider buying more but I need Bitcoin to drop lower for me to buy. I will wait for something below $3000 before I would consider buying more. But if you don't have any Bitcoins yet, I would suggest buying.

[Merovius]

Hee hee...I had to laugh at "sodl" -- when I first joined the forum I could not figure out why so many posts were using the apparent typo "hodl" so often when most of the other words were spelled correctly. Then I finally looked it up and found out that it is an "enthusiastic misspelling" of hold according to the Urban Dictionary:

http://www.urbandictionary.com/define.php?term=hodl

At any rate it seems that the panic sellers haven't figured out that they are not supposed to "sodl" their bitcoins until their value has risen enough for them to comfortably retire, at which point we can "hodl" the rest and use them for transactions wherever bitcoin is accepted as payment.

[Drnice]

When there is a panic sell, and the price of bitcoin drops, it only gives room to new traders who are starting to trade or investors who wants to start with a little bit and after a little time,  the price goes up to its normal price an profit shows up to the  investors.