StonksStonksStonks (OP)
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October 03, 2020, 01:32:46 AM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
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TGD
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October 03, 2020, 01:57:19 AM |
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Probably. If you follow whale trader transaction movement. They are just selling and buying at some point of the price and might be the reason why we never touch again the all time high because no new big volume cash in the crypto market. Whales are just enjoying the price manipulation of BTC since it has a thin liquidity available that's why it's very easy to pump and dump by a group o people that have a significant amount of coin. Most of the exchange is not regulated by SEC even the most famous crypto exchange that's why whale are free to manipulate the market. I believe lambo buyers will never sell there lambo to BTC if they already bought it. They will loss huge amount due to depreciation value of the car plus the fee on cashing in there fiat to BTC or else there will be a buyer that can buy it directly using BTC. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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maydna
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October 03, 2020, 03:27:00 AM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
I don't think that wealthy people will just buy Lambo because they want to have more ways to increase their money. I think that happens too with bitcoin whales. The bitcoin whales already sold their bitcoin at $19k, and wait for a while until the bitcoin price reaches the lowest price to buy back bitcoin to have more bitcoin. I guess many people who have bitcoin will do that because that is their way to make more money from bitcoin, and they will not stop doing that, especially if they see the chance for bitcoin to touch the highest price still wide open. People are waiting for the time of bitcoin price to start increase, while some of them are still buying more bitcoin.
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Poker Player
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October 03, 2020, 04:46:42 AM |
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The smartest thing if you were an early seller is that you didn't sell all bitcoin. If someone did sell all, and became very rich, he doesn't need to buy bitcoin again but I bet some people did if they believe in the technology and what bitcoin represents. More because of ideology than because of the potential profits. However, I think this kind of person wouldn't have sold everything.
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cryptoaddictchie
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October 03, 2020, 04:47:34 AM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
This is possible. I think the crash happened already last March where those big time gainers probably bought a lot of it. Now bitcoin is at 10k level, if we see a surpass on ATH then those guys will surely dumped again. Anyway a good way to see it in a possible way is bitcoin will definitely do a 50k new ATH. If that happened then the whole market will have an epic bull run.
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pooya87
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October 03, 2020, 07:06:49 AM |
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there are many different investors who did a lot of different things during the rises and will do a lot of different things in the future when price goes back up again! some sold in last bubble, some sold before the bubble, some bought in the bubble, some will buy back in next bubble ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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eaLiTy
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October 03, 2020, 03:56:05 PM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin? If you sell an appreciation asset and purchase a depreciation asset like Lambo or anything of that sort people do not usually sell a depreciating asset to enter the market again but they will enter the market because they had the opportunity to make big profit in the past and if they find a suitable market situation to enter again they will do that but that does not mean they need to sell their assets to enter again. If you purchase a costly item with all of your profits then i would say they are crazy.
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exstasie
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October 03, 2020, 05:06:32 PM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
It already has, over and over again. It's not like 2017 was the first parabolic bull cycle. I was around in 2013 and the subsequent bear market. If only I had just bought and held again from $200! But that bear market really scarred me, so I didn't recognize the 2016-2017 bull market for what it was (another bubble) until BTC prices were 4 or 5x higher than they were at the 2015 bottom. During that whole time, I was short term trading BTC and opting to preserve value in USD. That lost me a lot of coins! There are so many stories like this out there. People who had thousands of coins, sold for what seemed like a great profit at the time, and left. Like this guy: https://twitter.com/gregschoen/status/70261648811761665?lang=en![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FGUidhHU.png&t=665&c=wSsPh8E8RwOjgg) Imagine owning 1,700 BTC.....
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October 03, 2020, 07:55:49 PM |
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Every person has its own reasons why to sell or to hold so it's hard to tell what one might do. I guess that everything depends on movements of market and what are the motives of each investor but I think there are always ones who change their minds for the good reason.
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Febo
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October 03, 2020, 08:00:33 PM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
People that sold at end of 2017 for sure bought back already. in 2018 and 2019. I doubt anyone waited until 2020. They did not sold their cars but just bought back with fiat they got in 2017. Ofcourse none of them sold at $20k. Some sold at $10, some even before. It is impossible to sell at top. The same impossibility as buy on bottom.
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$crypto$
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October 03, 2020, 09:55:27 PM |
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Of course they will do it with a profit that is an example in 2017, of course many sell at the price of 20k because they know with the 10x profit that has been obtained and vice versa after the following year with the same bubble and they want it to happen again but there is power price has held at 10k that doesn't mean they will get to double as this is still fluctuating so I don't think it can be determined yet.
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Baofeng
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October 03, 2020, 10:39:45 PM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
Likely, I will point you out to a good thread, Wall Observer BTC/USD - Bitcoin price movement tracking & discussion, it's a lot of pages, but I'm sure you will read this kind of strategy specially for early bag holders. And it make sense though, nobody thought that bitcoin will gain so much growth that those early sellers wanted to get back into action and be a bag holder, sold some at an all time high, and then continue to accumulate during bearish market.
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tabas
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October 03, 2020, 10:44:09 PM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
An investor will remain as an investor. Those who have sold can buy back with their profits gained and in the long run, they believe that those stocks can go in a bull run again or at least get a bubble. And for bitcoin, not very new. We buy, hold, sell and buy back at lower price.
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Quidat
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October 03, 2020, 10:55:18 PM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
Possible but no one can eventually tell if those people had purchased or not, neither they do buy up stocks once again or would consider cryptocurrency into their investment knowing that traditional investors wouldnt look easily to assets that too much volatile or not really regulated which would not might pass into their standards but one things for sure that there would be people that had that financial capacity on buying millions of usd worth of btc and sell out later on when they do see gains.This had been the most pretty basic for most investors which they would buy cheap and sell it when it do rise its price.Its a basic thing that do happen not only on traditional market but also in crypto as well.Different market but would have the same target and you can find those the same people neither which of the field.
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btc_angela
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October 03, 2020, 11:35:55 PM |
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There is no secret formula here, it has been proven to be an effective trading method in any market not just in crypto, so I would say that this has been practice during the boom bust cycle by many 'smart' investor. Of course, we don't have any data to back it up, but it is very simple strategy that everyone can apply and knows how effective it is. Hold mentality, sell when we are in a bubble already, and then buy after the bust, so it's cyclical, rinse and repeat.
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adaseb
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October 04, 2020, 03:15:58 AM |
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I know many people from the 2014 days who sold their bitcoins that they bought at $200-$300 or mined with a low difficulty who sold everything at $600 when it broke out of that $300 resistance back in 2015 and they keep saying that they will never buy back unless if goes back to $600 which I don't think will ever happen in this lifetime.
So I am sure those that cashed out of Amazon, Apple, Microsoft in 1999 they probably blew all their profits and didn't buy back in at a higher price. Unless maybe it was some type of retirement account.
Its a psychological thing, if you sold at $1000, you don't want to buy at $2000 because it seems expensive.
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bitgolden
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October 04, 2020, 05:39:29 PM |
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Well if it happened, it might have already happened today as well. People who bought under 100 dollars and sold 10x at 1000 dollars and at the end right now the price is 10x on top of that as well at 10k right now.
So, as you might imagine there is really nothing that shocking here on crypto market neither, because it has probably already happened to some people, they might have bought at 100, sold at 1k, and rebought at 10k as well, we don't know if anyone did it but it is totally possible.
Same people may do it from 1k to 10k and then 10k to 100k rebuy as well, we don't know future and when that will happen but it is totally possible to hit 100k one day. As long as you made a profit in the bitcoin world, I see that as a win honestly, there is no need to worry about missed opportunities as long as you didn't lose.
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pixie85
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October 04, 2020, 07:24:13 PM |
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Imagine owning 1,700 BTC.....
Most people sell when they hit that level that makes them whole. THat guy with 1700 who sold at 0.3 USD made only 500 USD which is is a shame but if you think of those who had $1-10 BTC and it suyddenly hit 500-1000 in 2013. I wouldn't blame them for selling and spending a few millions. I'm sure those who bought at 5000 are waiting for 50 but when that hit they'll sell as well and new people will come for whom that 50 is going to be the starting point on their way to 100 or more.
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blockman
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October 04, 2020, 09:21:47 PM |
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There is no secret formula here, it has been proven to be an effective trading method in any market not just in crypto, so I would say that this has been practice during the boom bust cycle by many 'smart' investor. Of course, we don't have any data to back it up, but it is very simple strategy that everyone can apply and knows how effective it is. Hold mentality, sell when we are in a bubble already, and then buy after the bust, so it's cyclical, rinse and repeat.
It is the same as people who have sold during the ATH and bought back again and still hodling unless, they've decided to entirely get out and have their own exits. The timing is perfect for those who have rode the market by eoy 2017 and they surely want to buy back at the low price that they can. And one thing, many have bought during the bear market on eoy 2018. We are all on the same strategy and that is to wait for another bull market.
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Oasisman
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October 04, 2020, 09:42:23 PM |
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imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
Probably yes and probably no that depends on the level of such individual's risk tolerance. Anyone who sold at $1,000 will always have a second thought about buying back again at $10,000. But, If someone who believed what Bitcoin is capable of for the next 5-10 years, then $10,000 won't gonna be a problem as Bitcoin is completely a different asset than stocks, Bitcoin's range seems infinite considering It has yet to reach it's peak of mass adoption.
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