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Author Topic: This has happened in the past!  (Read 1049 times)
barota
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March 28, 2019, 10:06:26 PM
 #61

yes; dump already happened in the past ... no need to worry, But we should not be late to buy because bitcoin must trade at 5000 usd per btc at this time
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March 28, 2019, 10:24:38 PM
 #62

you're right if someone sells bitcoin will now regret that the long term is better if investing in bitcoin, they will lose the opportunity next year. by the way experience also says that regret always comes late and it can't be repeated

If he doesn't sell again. But what if he buys back in a lower price?
I have done this strategy many times and it has proven right. However, it is very risky and stressful and I was close to lose my money from doing that because I don't have much experience.

the problem and consequently the risk of selling bitcoin to buy back again in the dip is always about timing. otherwise it has always been a wise choice to sell bitcoin as long as you are doing it at the right time. for example when we were at the top of the peak, or when the support was broken and price showed a great potential of big drop,... at these times you must have sold. but similarly when the drop is over, when we are at or close to the bottom, ... selling would be the stupidest idea.
that is why you sometimes feel the stress, it is because you have bad timing.

There is a FOMO brewing...
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March 29, 2019, 07:44:08 AM
 #63

you're right if someone sells bitcoin will now regret that the long term is better if investing in bitcoin, they will lose the opportunity next year. by the way experience also says that regret always comes late and it can't be repeated

If he doesn't sell again. But what if he buys back in a lower price?
I have done this strategy many times and it has proven right. However, it is very risky and stressful and I was close to lose my money from doing that because I don't have much experience.
This is not a bad idea but it is mostly common with traders for day trade and long term trading but for long time trading it quite risky because it is a market you cannot really predict if it will ever fall or rise except you are following your technical analysis strictly and not only technical but FA too.

If I get you right, if the time you sold was high and you expect to buy back at dip, what if price never falls again, one will eventually be sad, I actually did something of such too yesterday, I sold part of my bitcoin in the morning when it was $4054 which I was so sure it will go back to $3950 or $4030 it has been shuffling, to my greatest surprise, it went close to almost $4100 by evening which I regret not selling at that price.
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March 29, 2019, 07:54:24 AM
 #64

If you compare the price of Bitcoin we can see then over ten years there has been a positive trend in the growth of the price of and it will grow all the time with a decrease in blocks and an increase in mining costs. The upward trend in the price of Bitcoin, although with minor kickbacks, will continue because according to statistics a significant part of the TOP"s coins is in the accumulation. And only a small part of its is in motion and traded.
it is true that the cryptocurrency price movement from the first time was created until this moment has a price movement that can be said to always go up because maybe the influence of total bitcoin is increasingly limited and it is increasingly difficult to get bitcoin so the price of bitcoin can always increase from year to year.

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Distinctin
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March 29, 2019, 08:58:44 AM
 #65

If you compare the price of Bitcoin we can see then over ten years there has been a positive trend in the growth of the price of and it will grow all the time with a decrease in blocks and an increase in mining costs. The upward trend in the price of Bitcoin, although with minor kickbacks, will continue because according to statistics a significant part of the TOP"s coins is in the accumulation. And only a small part of its is in motion and traded.
it is true that the cryptocurrency price movement from the first time was created until this moment has a price movement that can be said to always go up because maybe the influence of total bitcoin is increasingly limited and it is increasingly difficult to get bitcoin so the price of bitcoin can always increase from year to year.
It's not the difficulty, anyone can buy BTC at the current price.
People can use BTC as a mode of payment where they can just convert to fiat after, and that will drive the adoption, which means an increase of demand.
Also, it would increase more the demand of BTC as investors will come and play once they see it's being used and adopted well.
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March 29, 2019, 10:09:22 AM
 #66

It's not the difficulty, anyone can buy BTC at the current price.

I'm certain he refers to Bitcoin becoming harder to buy into as whole 1BTC unit for the average person, which is true. Sure, one could say that you don't have to buy a whole Bitcoin, but people will chase after the highest possible achievement, and that's to actually own that whole Bitcoin.

I usually don't recommend people to buy x amount worth of something, but that whole Bitcoin unit is super tempting for people, so go for it if you have the funds freely available and you for sure know that you won't be needing it in the forthcoming years. If you don't have a hardware wallet already, buy one and store it safely and be part of the elite one day.  Smiley
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March 29, 2019, 10:31:03 AM
 #67

If you sell now you will be regretting when bitcoin get to $50,000 or $200,000 in some years to come as it has happened before and most times we regret selling too early.  
Keep holding and the future is for you!

Long term speaking I agree with you, but short term speaking, hodlers have not been much of a help preaching the importance of being a hodler during uncertain times. $6000 wasn't worth dumping at people said, and we all know what happened afterwards. It could apply to the current price as well, so I would be a bit more conservative when it comes to telling people to hodl since they mostly only care about the short term picture.

What people can do is have two stashes of coins; one purely for speculative purposes, and the other for long term hodling purposes. The ratios are up to people themselves, but in my case as risk averse pussy, it's 90% hodl stash and 10% trading/speculation stash. 100% Bitcoin. I do however use Bitmex to long/short certain altcoins do they offer a decent profit making opportunity.  Smiley

Perhaps one of the most insightful play for crypto hodlings, as much as we care about the full potential of cryptocurrency - utility, there are short and mid term needs that need to be satisfied. For example, even in the real world, I don't plan on throwing my entire savings in a stock or real estate on the premise that a decade later, things will be a lot rosier.
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March 29, 2019, 10:44:24 AM
 #68

I will not be able to show us the historical data on how the cryptocurrencies market has been behaving in the past...

why do people continue to make comparisons with the past? if we assume that everything is as in the past, then we are programmed robot to do the same things. I see a very different scenario from the past... Our biggest obstacle is the regulations and the lack of clear regulations on bitcoin.

I will still encourage us to keep holding and wait until the condition of pricing turned around again.  If you sell now you will be regretting when bitcoin get to $50,000 or $200,000 in some years to come as it has happened before and most times we regret selling too early. 
Keep holding and the future is for you!

I do not know if we will ever see the price reach $50,000 to $200,000, but I believe that buying now and Hold is a good idea because the price may increase a lot in the next years

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March 29, 2019, 11:22:51 AM
 #69

why do people continue to make comparisons with the past? if we assume that everything is as in the past, then we are programmed robot to do the same things. I see a very different scenario from the past... Our biggest obstacle is the regulations and the lack of clear regulations on bitcoin.

Because it is the only thing we can do.  We cannot compare the future since it is yet to happen.  And the recent event is just happening and you cannot compare one self to itself.  Looking back at the history or past make us learn something and diversify things to survive in the coming days.  This is called adaption.  We learned to adapt by learning things that happen our way.  And we learn it through looking at this experience or data that is written at the past.



I do not know if we will ever see the price reach $50,000 to $200,000, but I believe that buying now and Hold is a good idea because the price may increase a lot in the next years

It is always good to be optimistic it gives hope.  I am with you in this, since I believe, Bitcoin with its finite supply, halving rewards and people adopting cryptocurrency, there will be more demand with less supply in the coming year thus making Bitcoin price to go up.
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March 29, 2019, 01:37:10 PM
 #70

I do not think that should matter, after all you can have satoshis as well, I have never purchased a whole bitcoin in my life, even when bitcoin was low in price (like 150 dollars) I was buying like quarter of it (or 0.25 btc) because the higher the price of bitcoin became the more interest we started to show.

Even us people who have been around for years didn't really expected this much attention towards bitcoin, we knew it would become big one day but we thought it would be mostly a "digital coin for tech people" and not this global goliath it became.

So, you do not need to buy a whole bitcoin in order to be part of this, you can just invest 10 dollars if you want, my first ever bitcoin was valued at 17 or 18 dollars if I am not wrong and it was just couple thousand satoshi if I am not wrong, from there on I have probably earned and spend tens of bitcoins in my life.
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March 29, 2019, 03:46:52 PM
 #71

I do not think that should matter, after all you can have satoshis as well, I have never purchased a whole bitcoin in my life, even when bitcoin was low in price (like 150 dollars) I was buying like quarter of it (or 0.25 btc) because the higher the price of bitcoin became the more interest we started to show.

Even us people who have been around for years didn't really expected this much attention towards bitcoin, we knew it would become big one day but we thought it would be mostly a "digital coin for tech people" and not this global goliath it became.

So, you do not need to buy a whole bitcoin in order to be part of this, you can just invest 10 dollars if you want, my first ever bitcoin was valued at 17 or 18 dollars if I am not wrong and it was just couple thousand satoshi if I am not wrong, from there on I have probably earned and spend tens of bitcoins in my life.
It maybe we can have that if we turn back its price 10years ago, it for sure many can afford to by BTC as a whole. But considering the price now, it is something difficult and only have that huge pocket will can afford to have it. Nobody were expecting this to happen, cause if we have that some insights it surely people will pushing themselves in here and investing a lot of bitcoins.
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March 29, 2019, 05:14:44 PM
 #72

There is still a possibility for the market to grow with prices that continue to rise high, remain in positive thinking and do not sell too early because bitcoin still has hope.

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March 30, 2019, 07:52:30 AM
 #73

There is still a possibility for the market to grow with prices that continue to rise high, remain in positive thinking and do not sell too early because bitcoin still has hope.
Hopefully this will remain to be going uptrend.
Price has positive movement now, we are waiting for this and now it's hear, we cannot conclude it's a bull run but it gives us some
excitement already now. 2019 is going to finished it's 1st quarter and we are about to end it strongly.

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March 30, 2019, 09:30:56 AM
 #74

There is still a possibility for the market to grow with prices that continue to rise high, remain in positive thinking and do not sell too early because bitcoin still has hope.
Hopefully this will remain to be going uptrend.
Price has positive movement now, we are waiting for this and now it's hear, we cannot conclude it's a bull run but it gives us some
excitement already now. 2019 is going to finished it's 1st quarter and we are about to end it strongly.

i think the bull has already started few weeks ago after the price reach 4k usd and now the price seems heading again at 5k usd . that was indeed a good start to finish the first quarter of the year . im also hopping that the uptrend can continue until the rest of the quarters  because the small bulls that we are experiencing right now didnt happened on the past ( last year )
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March 30, 2019, 05:51:23 PM
 #75

I will not be able to show us the historical data on how the cryptocurrencies market has been behaving in the past...

why do people continue to make comparisons with the past? if we assume that everything is as in the past, then we are programmed robot to do the same things. I see a very different scenario from the past... Our biggest obstacle is the regulations and the lack of clear regulations on bitcoin.
Many of those who assume that the past of a cryptocurrency will surely affect its present should use themselves first as an example, they should pick a particular date in past and see the investment that was done then by them and compare it to the investment that was done by them now, is it the same number of fund they put in some years back, same as what they put it again.

We even have some people that has never invested in bitcoin since the last pump and still have their money in it, so if we say past will repeat, then they should have been doing the same thing they have done in the past like a BOT you said.
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March 31, 2019, 09:03:17 PM
 #76

I will not be able to show us the historical data on how the cryptocurrencies market has been behaving in the past and how the accumulation and distribution cycles has been playing out but most of the time bitcoin and altcoins do come out stronger! I will still encourage us to keep holding and wait until the condition of pricing turned around again.  If you sell now you will be regretting when bitcoin get to $50,000 or $200,000 in some years to come as it has happened before and most times we regret selling too early. 
Keep holding and the future is for you!
Yes you are correct, we have seen major dump in the price of crypto in the past years and a lot of persons said bitcoin is going to crash then but we have seen 10 years now in the crypto span and crypto is still alive and kicking with no one or government being able to stop it but rather buying the idea to create their own platform, since we know that if you can't beat them, you join them. I think users are panicking because most of them are newbies and don't really have the past history of crypto.
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March 31, 2019, 10:26:44 PM
 #77

There is still a possibility for the market to grow with prices that continue to rise high, remain in positive thinking and do not sell too early because bitcoin still has hope.
And we are here because we have decided to follow this possibility. Indeed, it is very difficult to give an opinion about what the outcome will be, but those who took risk were able to gain.
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April 01, 2019, 06:28:39 AM
 #78

According to some predictions. Bitcoin will go up to $7000 to $8000 and I remembered that history before. Definitely, if you are going to sell your bitcoin now, we will regret our actions. Bitcoin will go to the moon, soon. It is just the market is still experiencing bear for the longest time.
Yeah, it is not possible bitcoin will hit again the value of $7000 to $8000, and no one ever knows when it will happen but we just need to be patient. The market is not improving at the moment maybe because there is some crisis that we didn't exactly know but hopefully this year it will give us hope and recover again.
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April 01, 2019, 02:02:49 PM
 #79

The past is different from today's situation. People already learned their lessons and some considered pulling-out their investments. But with the decrease of investors come a new pool of people who are interested and willing to take the risk of either investing short/long-term.

The past has taught us to avoid implusively purchasing bitcoins without doing any research on its history and reason for its increase. For the time being, HODL may be the suggested strategy.

According to some predictions. Bitcoin will go up to $7000 to $8000 and I remembered that history before. Definitely, if you are going to sell your bitcoin now, we will regret our actions. Bitcoin will go to the moon, soon. It is just the market is still experiencing bear for the longest time.
Yeah, it is not possible bitcoin will hit again the value of $7000 to $8000, and no one ever knows when it will happen but we just need to be patient. The market is not improving at the moment maybe because there is some crisis that we didn't exactly know but hopefully this year it will give us hope and recover again.

This may be possible if BAKKT platform would be implemented this year. This will without a doubt, attract investors from all over the place! Unfortunately, they have no specific launch date but this is the opportunity to acquire more bitcoins and take advantage of time being the key for profit.
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April 01, 2019, 04:02:05 PM
 #80

Bitcoin still has the opportunity to grow, and with the conditions of low prices, the best is to hold on to the long term, and at that time our wallet will be filled with profits.

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