Are we ready for another price bump? Reminder for the shortsighted people. :->

[Kakmakr]

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins.    https://www.blockchain.com/charts/market-price?timespan=1year

I am posting this as a reminder to those people with a short memory that things in Bitcoin change at a very rapid pace and if you are too focused on the immediate price, you might just miss out on the next big price bump.  

Also remember that we were playing around with a $3000 to $4000 Bitcoin price back in January, so it is not the end of the world, if we see a little correction.  

Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  

[mk4]

"When in doubt, zoom out!" - a quote I've read on Reddit in the past.

There are so much panicking after every price dip that they don't realize that even if the price dropped, we just came from a low of $3k-$4k like 5-6 months ago. And to be honest? Even though I'd definitely prefer a higher price, I'm still really happy and content with the current price of bitcoin. This shouldn't really be surprising though. The less-experienced "investors" a.k.a. gamblers in the cryptocurrency markets are really short sighted, whereas the more experienced investors look at more of the long term.

[crwth]

Whether it's uptrend or downtrend in the change in direction, there's always a change in the coming days. We may not predict it correctly, but it's either you believe that it will go up in price or not. This reaction is common in this cryptocurrency world, especially the ones who had just joined. I think when the newbies learned that Bitcoin is already high in price and then suddenly drops, it's the end already but that's just the misconception.  

Imagine having the opportunity to trade it with that kind of volatility, wouldn't you want to take that into your advantage? Instead of just crying because of the price? It's only ourselves to pick up and strategize what we're going to do with our BTC, making sure you know what you are doing, and you know the risk.

[odolvlobo]

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins.    https://www.blockchain.com/charts/market-price?timespan=1year

Likewise, about a year ago it was hovering around $7000 and nobody thought it would go any lower. Then it plummeted 50% to $3400. Moral of the story -- expectations based on wishful thinking are still just wishful thinking.

[yazher]

Bitcoin price has a higher percentage to get back on $10,000 again, base on the movement of the price a month ago. The more it falls the more the chances to get its prices to above $10,000 again.

most of the intelligent investors know this thing that's why they are waiting for it to get to it's lowest price then they will swarm on buying it again. Buying Low and selling high can be tricky sometimes because you don't know if this the lowest price it can get. but as of now, the price is under $8000 no one can tell us here if this is the last price or no.

[avikz]

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins.    https://www.blockchain.com/charts/market-price?timespan=1year

I am posting this as a reminder to those people with a short memory that things in Bitcoin change at a very rapid pace and if you are too focused on the immediate price, you might just miss out on the next big price bump.  

Also remember that we were playing around with a $3000 to $4000 Bitcoin price back in January, so it is not the end of the world, if we see a little correction.  

Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  

Actually a lot of people don't realize when an opportunity period is there and then they cry at later stage for missing that opportunity. I have seen it a lot of times, especially during late 2017.

A lot of people bought bitcoin at 20k that time because they didn't want to loose that profit making opportunity. That same group of people denied to invest in bitcoin when the price was below 12k just few months prior to reach ATH. That's human nature with conservative outlook!

[Malsetid]

"When in doubt, zoom out!" - a quote I've read on Reddit in the past.

There are so much panicking after every price dip that they don't realize that even if the price dropped, we just came from a low of $3k-$4k like 5-6 months ago. And to be honest? Even though I'd definitely prefer a higher price, I'm still really happy and content with the current price of bitcoin. This shouldn't really be surprising though. The less-experienced "investors" a.k.a. gamblers in the cryptocurrency markets are really short sighted, whereas the more experienced investors look at more of the long term.

Good quote. Very relevant, especially for bitcoin. If people are still looking at it from a  short term perspective, better to just leave crypto. Though there may be less people now who'll see this drop as a doomsday sign. We've been through this before and many of us have already learned our lessons from past pumps and dumps.

[Kakmakr]

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins.    https://www.blockchain.com/charts/market-price?timespan=1year

Likewise, about a year ago it was hovering around $7000 and nobody thought it would go any lower. Then it plummeted 50% to $3400. Moral of the story -- expectations based on wishful thinking are still just wishful thinking.

Agreed 100% ....we cannot create unrealistic expectations with people that a higher price would be guaranteed, but let's be ready if it does happen. Do not just give up and be unprepared when it happens.

Sell some of your coins if you are still in the green, but do not sell it all, because if it does happen and you sold all your coins, then you would miss out on the real profits.

I have many friends with a short memory and I gave them this advice and 90% or more of them thanked me later.    

[mk4]

The more it falls the more the chances to get its prices to above $10,000 again.

The more the price drops the higher the likeliness to get to $10k? Not sure where you got that information, but I'm pretty sure that's not how it works. In a technical analysis perspective, as far as I know, bitcoin should need to stay inside a certain price range for us to conclude that it's more likely for bitcoin to go back up to $10k. If it falls that certain price support, it's more likely for bitcoin's price to drop more.

[joelsamuya]

Well, people who love to panic and jump ship can do so anytime they wanted to and no one should be stopping them. Just as Bitcoin can be very volatile and can be shocking at times, people who failed to understand well the historical precedents of the coin should divest their holdings now because there is a possibility that its price can go low further. I am sure that by the time Bitcoin can be back on the upswing some of these people will also be back and will even be proclaiming the many virtues of the King of Cryptos.

[Anonylz]

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins.    https://www.blockchain.com/charts/market-price?timespan=1year

I am posting this as a reminder to those people with a short memory that things in Bitcoin change at a very rapid pace and if you are too focused on the immediate price, you might just miss out on the next big price bump.  

Also remember that we were playing around with a $3000 to $4000 Bitcoin price back in January, so it is not the end of the world, if we see a little correction.  

Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  

And sometimes you will see people who are suppose to be familiar with the market fluctuations from time to time are the first to panic sell,   after the increase in price this past few weeks this correction is expected, it shouldn't be anything to panic about,

Once the market is on red, I try not to look at my portfolio so often, I engage myself with other stuff, but it's difficult for many to see any correction in price, it result to many selling at loss, they fail to realize that market will always recover after the correction.

[Kizaki]

Its really hard to predict  bitcoins price right now because it is going like weird and pumping and dumping in unwanted moments not like previous years where we usualy see a sudden or slow pump at price of bitcoin which we cant see now its a bloodbath now

[Coin_trader]

As BTC has dropped vital 9K area last week now we have only one direction - Down. My suggestion is 6.4K-7.2k area. If you are using chart and familiar on fibo, you can see that 9k is the Fib support level when BTC price bumps from 9k to 11k level before the current dump occur which creates Agreement with the level on graph my chart. It's a bit complicated to explain without a chart but I don't want to post here my chart since I hate bashers.

I believe that the safe area to enter is around 6.4k to 7.2k since BTC is very bullish in long term view. BTC will form bullish flag if ever the price climbs back again to 13k(Finger crossed).

[ReiMomo]

Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  

This is the right thing to do. Instead of panicking while looking at the market down just invest and grab the opportunity when bitcoin is cheap. We really don't know when it will pump or dump but we should prepare on the possible happen. Hoarding coins while the price is down was a good idea.

However, we could not blame people for having a mindset of wanting a quick profit (they are not crypto enthusiast), they don't know how crypto work and what is the advantage of having patiently wait.

[funchiestz]

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins.    https://www.blockchain.com/charts/market-price?timespan=1year

I am posting this as a reminder to those people with a short memory that things in Bitcoin change at a very rapid pace and if you are too focused on the immediate price, you might just miss out on the next big price bump.  

Also remember that we were playing around with a $3000 to $4000 Bitcoin price back in January, so it is not the end of the world, if we see a little correction.  

Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  

The funny thing is, everybody has $ 20,000 in mind. As you said, no one sees that we were at $ 3,500 7-8 months ago, and now it's almost tripled.

Actually, I think we need to go back. We need to see Bitcoin big price movements again. This will be more remarkable.



This image shows us big price movement of BTC from the beginnig to 2nd Feb, 2018.

[Mpamaegbu]

I believe in market corrections from time to time and am scared stiff when I don't find it. Bitcoin is at correction phase now for technically it has crossed MA downward on weekly time frame. So, I expect more bears in days to come. However, I am not scared zooming out on panic for I know the price will go up later. It's a sure bet that Bitcoin is the most secured crypto with the guarantee of rising whenever it falls. The best thing to do at a time of a fall is to tether and not panic sell off.

[Lucius]

The only people who panic at these times are beginners and short-term investors. The first does not realize how is it possible that something they paid $10,000 a few days ago is worth less than $8000 today, and others sell at a lower price just to avoid more loss.

Another price bump? I don't think there's any reason at this time for recovery, it seems that the decline will continue, albeit at a slower pace. Although the part of the year comes when Bitcoin usually shows the best results, this year has shown that there are exceptions. It is still three months before the end of the year, and when we look at it from this point, it is possible to return to $10 000, but also to drop more.

[bhabygrim]

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins.    https://www.blockchain.com/charts/market-price?timespan=1year

I am posting this as a reminder to those people with a short memory that things in Bitcoin change at a very rapid pace and if you are too focused on the immediate price, you might just miss out on the next big price bump.  

Also remember that we were playing around with a $3000 to $4000 Bitcoin price back in January, so it is not the end of the world, if we see a little correction.  

Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  

But not everyone is investing for the long term and there are some who are just new in crypto so this kind of things would provably drive them off and let their emotion take over.
Not everyone is brave enough to hold on and take the risk but I do get your point and I agree with you ,
When it comes to investment in Bitcoin it is better to look at it for a long term sight rather than just a short sight where if the price drop happens they would tend to panic and sell.

[Wexnident]

Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  

Words of wisdom right there. Bitcoin is sometimes really unpredictable and would spike up at a moments notice without any warning. This has happened a lot of times and yet people still get scared and panic sell their coins when the price is at a low.

When it comes to investment in Bitcoin it is better to look at it for a long term sight rather than just a short sight where if the price drop happens they would tend to panic and sell.

Honestly, short term investment in bitcoin can be looked at as a waste. Just like what you said, longnterm is the way to go.

Patience is a must when holding coins and honestly, those without such characteristic can hardly profit in the crypto market.

[poptok1]

"When in doubt, zoom out!"

Absolutely brilliant quote, proverbial, short and on target. New favourite of mine
Always better to grasp a bigger picture, not only in crypto. And the bigger picture definitely suggest some major moments.
Question is, in what direction? Short term will be, as always pretty bumpy but general tendency remains as uptrend.
Looks like most of us are optimistic, I hope we are not on overhype mode, blinded by enthusiasm...
Nevertheless corrections usually get equalised at some point, so as always patience is the key.