Taking profits but don't be afraid!

[jossiel]

Well, I have been awake and witnessed that fell but I didn't do anything. I just watched on how low the rally would be and thank goodness it fell on $7k's. There were people expecting lower than that so I'm still good with that price.

You just mentioned that dont be afraid and take profits but in the end you suggested to hold and buy. Take profita when you are satisfied but dont ever lose your buying and holding position.

[WinslowIII]

The op seems to be misunderstood - he's explaining that whales are taking profits and not be afraid of this dip, not telling people to not be afraid of taking profits.

[oseikuf44]

Keeping your cool during a few drop of crypto prices particularly bitcoins is the sign of maturity in trading. You never panic withdraw for few drop in prices of your coins. Wait for price to bounce back to your profit target.

[barota]

you should be afraid about prices when pump and dump happend with this marcket, i hope price drop to 4000 per btc soon , Why give something more than its value?

[Mahanton]

Im even surprised when the price dropped down suddenly while im not on my PC or even watching on my smartphone.
I did miss to sell since im doing active trades but i do miss out that time because BTC is already on overbought zone if
we do base on technicals.

[yohananaomi]

To buy bitcoin, of course enough funds are needed because obviously the price is quite high, if you really see the current movement of bitcoin shows an increasing direction, and indeed it takes courage to buy and make investments.
also clearly need adequate funding support not just courage. predictions that bitcoin will continue to increase will be the same as in 2017.

[Cherylstar86]

To buy bitcoin, of course enough funds are needed because obviously the price is quite high, if you really see the current movement of bitcoin shows an increasing direction, and indeed it takes courage to buy and make investments.
also clearly need adequate funding support not just courage. predictions that bitcoin will continue to increase will be the same as in 2017.

   Being confident by acknowledging the huge consequences will conquer the possible outcome into a reliable one. When we spend time and money to gain huge profits, make sure that there is an assurance in return to earn and to evade from loses, because taking the risk is difficult to determine, but we have to stay strong and be positive for every conclusions.

[Pattart]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday!

fell more than $1000 and knowing the crypto market, this already was something expected. Whenever the price goes up a lot, it also drops a lot.

We should realize that, when prices rise very high in a few days, then stop rising, it is a signal that prices will soon fall. because of the correction or many people sell at that price. But I think the price falls only a few percent, Yeah $1000 it's quite a lot, but I don't think the price will go back to $5k anymore. So don't be afraid, the price will definitely go up again.

[ajqjjj]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday!

fell more than $1000 and knowing the crypto market, this already was something expected. Whenever the price goes up a lot, it also drops a lot.

We should realize that, when prices rise very high in a few days, then stop rising, it is a signal that prices will soon fall. because of the correction or many people sell at that price. But I think the price falls only a few percent, Yeah $1000 it's quite a lot, but I don't think the price will go back to $5k anymore. So don't be afraid, the price will definitely go up again.

If you really analyse the price pump and dump you did not say that because the price fluctuation is possible on suddenly and it will going to dump at 500 USD so some big investor is sell the huge Bitcoin and it will not affect the future market so again it will going moon. This year surely Bitcoin raise again and we are all see the positive pump in recent market and future also continue in crypto market.

[michellee]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

Like that disclaimer. Because we're here only to speculate and not forced or suggest someone to make an investment. It is depend on each person's research and analysis by themself. Bitcoin maybe still on correction and it might be recover again.

Bitcoin still on the correction but this day, we see that the price was trying to increase back. I guess that tomorrow will be the new day for bitcoin to increase again and I hope that we will see the new price of bitcoin at the high price and I am sure that bitcoin will pass $8k. But unfortunately, we are still at $7335, and we need to be patient until the price starts to increase.

[arpon11]

you should be afraid about prices when pump and dump happend with this marcket, i hope price drop to 4000 per btc soon , Why give something more than its value?

you mean $4000 is the bitcoin value ?  I did not not agree with that views and I see bitcoin at the current price of $7350 as been undervalued to me. I will be happy to see bitcoin above $50, 000 not becouse I wanted to sell at that price but because that is the relatively price that we can said "that is bitcoin value"!

[Jating]

you should be afraid about prices when pump and dump happend with this marcket, i hope price drop to 4000 per btc soon , Why give something more than its value?

you mean $4000 is the bitcoin value ?  I did not not agree with that views and I see bitcoin at the current price of $7350 as been undervalued to me. I will be happy to see bitcoin above $50, 000 not becouse I wanted to sell at that price but because that is the relatively price that we can said "that is bitcoin value"!

We can't say for certain what's the real value of bitcoin. It's based on supply and demand and obviously, the price will continue to change no matter what.

Of course we are all speculation and wanted to see the price goes on another mooning or at least hit another all-time-high so that we can take out profits and then wait for the right time to re-invest again.

[LimLims]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

Yeah if you see the recent graph of Bitcoins, then you gonna feel happy that Bitcoin was increasing.
But compare to last 24 hours,  the price suddenly went down.
As far the OP has suggested, i am completely agree with him.
Whenever we are taking profits, we don't have any problems, but when the price went down, all starts complaining.
I would rather say the price was affected because of the trade volume.
Nevertheless, i would wish Bitcoin should increase more.

[Lumi3004]

Your thoughts are correct and right, you don't need takun when someone takes action when doing something, like investing in bitcoin.
If you see it now, the price of bitcoin is what you expected, it will definitely make you smile and eliminate it, to your anxiety.

[TGD]

Im even surprised when the price dropped down suddenly while im not on my PC or even watching on my smartphone.
I did miss to sell since im doing active trades but i do miss out that time because BTC is already on overbought zone if
we do base on technicals.

I don't think and hope it will decline too much, most of the chances are that some holders whose tired of holding sells at this week pump and didn't mind the more good news that are about to happen soon in BAKKT.

[munify]

I still think bitcoin is still able to increase, and because of that I still hold it with the aim of selling at a higher price, still thinking positively that bitcoin will soon reach 10k.

[BitHodler]

you mean $4000 is the bitcoin value ?  I did not not agree with that views and I see bitcoin at the current price of $7350 as been undervalued to me. I will be happy to see bitcoin above $50, 000 not becouse I wanted to sell at that price but because that is the relatively price that we can said "that is bitcoin value"!

What you are talking about is Bitcoin being undervalued compared to its long term price potential, but that's the wrong way to look at it because today's price is the only metric that matters.

Another thing is that using the term undervalued in Bitcoin is quite a subjective ballpark guess because aside from the base cost of mining, there is no way to determine Bitcoin's "fair" or "real" value.

The best possible value metric in my book is what people want to pay for a coin today, and as you know, it can pump tomorrow and tank the day after, so the value is subject to change every single day.

If you truly believe that Bitcoin is currently undervalued, then buy as many coins as possible asap and sit on them.

[Mahanton]

Im even surprised when the price dropped down suddenly while im not on my PC or even watching on my smartphone.
I did miss to sell since im doing active trades but i do miss out that time because BTC is already on overbought zone if
we do base on technicals.

I don't think and hope it will decline too much, most of the chances are that some holders whose tired of holding sells at this week pump and didn't mind the more good news that are about to happen soon in BAKKT.

Profit taking when there is gain is just a normal thing and we cant really stop people on not to sell since we do have our own set sell orders without minding
too much on upcoming Bullish or adoption news which would make more the price increase if its passed but somehow we can utilize this volatility to reap up profits.

[jakelyson]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

The correction is rather low considering how the price pumped in the past few weeks. This is expected and is just normal price movement for bitcoin. The support is strong in 7000 so I am also encouraged to buy more at this level.

[uneng]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

The correction is rather low considering how the price pumped in the past few weeks. This is expected and is just normal price movement for bitcoin. The support is strong in 7000 so I am also encouraged to buy more at this level.

Maybe it's taking some breath for another pump? If the correction has really finished, it's more good news for bitcoin investors. As the price rised so fast, I thought there would be a deeper correction, if that isn't really the case, bitcoin can overcome the expectations for this year of 2019.
And I think it's possible, considering all the new adopters btc enchanted through Flexa - third party payment service (which brought whole foods, major retailers shops to crypto); and Fidelity - Funds management firm.