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Author Topic: Congrats to everyone for reaching $20k again.  (Read 1022 times)
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November 18, 2020, 04:56:45 AM
Merited by philipma1957 (9)
 #1

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

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November 18, 2020, 05:08:47 AM
 #2

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

Hmmm, people are getting scared to sell. I wonder if this is a sign. Lips sealed

It'll be interesting to see how this thread ages, compared to your other thread where you had planned to sell at the old ATH. I'm very confident we'll reach $20K again, but I also sense a lot of greed in the market right now, and that a brutal shakeout is on the horizon.

Other reads on sentiment, with price having just touched $18.5K:

I have noticed a surprising lack of bears trying to call the top.

Bitmex swap funding has remained positive for 2 weeks. Predicted funding rate just jumped to 0.08% on today's pump.

Fear and Greed Index is currently at 91. Extreme greed. How high will it go before a classic Bitcoin shakeout?! Stay tuned.....

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November 18, 2020, 06:16:30 AM
 #3

i still don't think breaking $20k is going to be that easy, as we get closer to the ATH and we will start see how the selling starts by panic sellers just like all the previous times when they slowed down breaking out of the previous ATHs of those times.

Hmmm, people are getting scared to sell. I wonder if this is a sign. Lips sealed
people were scared to buy which is why we are seeing panic buys these days as the price goes higher. this is officially the FOMO that some people warned about when nobody bought bitcoin when price was low thinking there would be a big crash where they could buy more. now they are left with a lot of money and the opportunities vanishing by the minute. which is why they panic buy.

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November 18, 2020, 06:55:43 AM
Merited by JimboToronto (2), Lucius (1)
 #4

As this run is not driven by retail investors I think there won't be as brutal of a shakeout. As long as demand from big investors remain big, the small fish that get scared will hardly dent the buying pressure.

Some corrections will be inevitable, but currently the inflow of cash is just so big that it may not be as panicky as we have seen in the past.
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November 18, 2020, 07:12:57 AM
 #5

We are near to the 20k dollars and we hope it will hit that again but we need to still to buy more and hold it brcause anytime if the people starts panic selling we know the result and that is dropping value.

This is we are here again to the bull run and please we need the cooperation of everyone so we can see again the bitcoin value will rise more because we are getting benefits from this.
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November 18, 2020, 07:15:50 AM
 #6

Hmmm, people are getting scared to sell. I wonder if this is a sign. Lips sealed

Wouldn't call them scared, I'm one of the low profile bears if I do a throughout inspection of myself but I'm taking this run to 20k as something that simply should happen, and probably a low of people take this for granted as they simply wait for it just like the clock at new year's eve.

Fear and Greed Index is currently at 91. Extreme greed. How high will it go before a classic Bitcoin shakeout?! Stay tuned.....

Probably not by much, after we hit 20k it's unknown territory, and just as many think it will go to 20k probably a lot think that after 20k we will see a dump, it will be a problem of how much coins and how much fiat is on the table. I'm not planning to move a single satoshi to the exchanges at this point, I might lose some $ but for my mental health is better to stay away from the markets during those times.

i still don't think breaking $20k is going to be that easy, as we get closer to the ATH and we will start see how the selling starts by panic sellers just like all the previous times when they slowed down breaking out of the previous ATHs of those times.

Hmm, maybe, but I see the initial push above 20k happening pretty fast from under 19500 levels, just like that final push to get things done, but after that, it might be a long period of ups and downs, probably decorated some serious one order dumps that make no sense either. Time to get some popcorn, too bad this didn't happen when we were locked down in March but now when I have to go to this damn job with all the protection on face and hands so I can't keep browsing around that freely anymore to enjoy the moment  Grin

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Dave1
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November 18, 2020, 11:12:03 AM
 #7

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

Hmmm, people are getting scared to sell. I wonder if this is a sign. Lips sealed

It'll be interesting to see how this thread ages, compared to your other thread where you had planned to sell at the old ATH. I'm very confident we'll reach $20K again, but I also sense a lot of greed in the market right now, and that a brutal shakeout is on the horizon.

Other reads on sentiment, with price having just touched $18.5K:

I have noticed a surprising lack of bears trying to call the top.

Bitmex swap funding has remained positive for 2 weeks. Predicted funding rate just jumped to 0.08% on today's pump.

Fear and Greed Index is currently at 91. Extreme greed. How high will it go before a classic Bitcoin shakeout?! Stay tuned.....

I can't remember what is the greed index during the 2017 bull run, but I'm guessing its close to that number as well. But assuming the numbers is correct, I will reckon about 70% before we can see a huge shake-out? hehehe. So lets see a run to $18.5 first.

R


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November 18, 2020, 11:29:21 AM
 #8

Too soon to say anything. But positive signs are there with the proof of the powerful momentum. We have moved so far since the beginning of this month. It has been more than 3 years since 2017. Most of my coins have been sold but I still work hard in order to collect more both bitcoin and ethereum.

Congrats to everybody for being so consolidating in the past few years.


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November 18, 2020, 11:43:37 AM
 #9

^ Congrats to us. But panic selling can definitely ruin the possibility of reaching $20k in the soonest time but we can't blame those holders if they sell their bitcoins for they are experiencing FOMO and since we all know that bitcoins remain volatile as of this moment with the sudden move of whales the priced may be crashed anytime. Nevertheless, due to the mass adoption of bitcoin we can experience again the ATH for the demand keeps on increasing because large companies like Paypal already acquire bitcoin in their services and more people become aware of it and started to invest in bitcoin which could be the lead contributor for ATH not unless whales will act and make some manipulation on the price.
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November 18, 2020, 11:50:13 AM
 #10

Hmmm, people are getting scared to sell. I wonder if this is a sign. Lips sealed

It'll be interesting to see how this thread ages, compared to your other thread where you had planned to sell at the old ATH. I'm very confident we'll reach $20K again, but I also sense a lot of greed in the market right now, and that a brutal shakeout is on the horizon.

Other reads on sentiment, with price having just touched $18.5K:

I have noticed a surprising lack of bears trying to call the top.

Bitmex swap funding has remained positive for 2 weeks. Predicted funding rate just jumped to 0.08% on today's pump.

Fear and Greed Index is currently at 91. Extreme greed. How high will it go before a classic Bitcoin shakeout?! Stay tuned.....

I for one am usually a little happier to see people scared than optimistic. Not that it changes what I'm doing, plan has stayed the same and will likely stay the same once ATH breaches (or if?). The brutal shakedown should happen, think we'll see hands releasing for sure, and big moves for BTC to exchanges signal some people at least are ready to cash in.

Greed's also been in extreme territory for weeks too, so that heat's boiling over!

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November 18, 2020, 12:00:28 PM
 #11

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

Well it took three years though, that is, if wise investors, started in 2018 to accumulate and up to the March 2020. But don't get exciting or something, still a long way to go before we can reach $20k. The price won't go on parabolic rise, we might see more bumpier road ahead as we inch closer to $20k.

So there's still that mental toughness, more of them that we need, what if the price goes to $20k, gonna sell or what? Or would rather hold till we see new all-time-highs in the $30k-$50k? So there's no time to celebrate really and it's too early to get thrilled.

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November 18, 2020, 12:05:49 PM
 #12

Its beneficial to hold bitcoin and always whenever you get a chance to buy during the dips never stay behind, because in the end when you have bought at lower prices and take average you end up making money during such bull run and then book your profits easily. Also, those who are for long term can continue to hold as it can reach to new highs easily it seems now.


I think this is also an opportunity for the people who purchased BTCs way back last December 2017 when its price also reached almost $20,000 for them to re-acquire and to regain their loss (assuming they kept their BTCs until now.)

To be honest, I am on the fence on what to do with my BTCs, either to convert them to cash or to save them. Following the trend that happened last December 15, 2017, its price reached around $19,000 but after a week, the price significantly dropped to around $15,000. What do you guys think? Will this year follow the same trend that happened three (3) years ago?
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November 18, 2020, 01:03:37 PM
 #13

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

Well it took three years though, that is, if wise investors, started in 2018 to accumulate and up to the March 2020. But don't get exciting or something, still a long way to go before we can reach $20k. The price won't go on parabolic rise, we might see more bumpier road ahead as we inch closer to $20k.

So there's still that mental toughness, more of them that we need, what if the price goes to $20k, gonna sell or what? Or would rather hold till we see new all-time-highs in the $30k-$50k? So there's no time to celebrate really and it's too early to get thrilled.
I'd probably sell at $20k unless there will be an obvious momentum at that point but once the price stabilises for a day, that would be a sign I think, to sell my holdings because correction might occur. To think that it's market value increased in a sudden within a month, there's a huge tendency for correction to take place just like what happened before when it reached its ATH. But won't discourage still those who wants to hold because they do have their own strategies. But in my case, I'd be satisfied with that amount.
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November 18, 2020, 01:13:18 PM
 #14

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

Those people who withstand the scary moment of Bitcoin volatility are so happy now since they are earning huge for this current achievement what gotten by bitcoin these days, but those who didn't hold are still lucky since even though they don't have any hodl coins still they can still earn huge since the conversion rate for today is so big and they can still earn big once they receive their profits and convert it to FIAT.

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November 18, 2020, 01:21:02 PM
 #15

For those people who will sell their bitcoins at $20,000 please don't do it because you will regret your decision. That is the last resistance of the bitcoin and it is considered as the major resistance where if the current price breaks it then for sure a rally will most likely to happen wherein we can see monstrous single day gains. I actually thought that the bitcoin already $20,000 because of the title of this thread and I quickly view the chart because I have a plan to enter when the price breaks the current all time high. I'm not fear because the market is full of greed wherein there are still whales and investors who have huge funds that are still acquiring and collecting as much as they can. The end of the 2020 will be gonna be good because we can see the bitcoin to reach and create a new all time high.
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November 18, 2020, 01:47:28 PM
 #16

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

Not yet but almost over there, we are as of writing in the $18000 and it seems to continue to climb up and we are not yet on the last month of the year, there's a big possibility that we will eventually reach $20000 before the year's end.
There's a lot of speculation of another all time high, I doubt that two weeks ago but now I'm believing that we can reach another all time high this year.

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..PLAY NOW..
ice18
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November 18, 2020, 02:18:47 PM
 #17

My bullish opinion is maybe we can surpass the last ATH from 2017 this year and Im expecting a new ATH Im pretty excited how far bitcoin price can go this year ,early Christmas gift to those who are holding btc, I hope altcoins will do the same.   

Harlot
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November 18, 2020, 02:20:23 PM
 #18

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

Not yet but almost over there, we are as of writing in the $18000 and it seems to continue to climb up and we are not yet on the last month of the year, there's a big possibility that we will eventually reach $20000 before the year's end.
There's a lot of speculation of another all time high, I doubt that two weeks ago but now I'm believing that we can reach another all time high this year.

Well having at least a month and half left this year doesn't tell us that Bitcoin will continue on its pace this way until the end of the year. Remember that during the 2017 bull run it cut short just by 2017 is ending. Bitcoin's rally didn't really continued just because there is time left during that year. You must always look at the charts and see if what you are seeing has a big possibility of happening since right now I can say that Bitcoin is getting weaker and weaker support everytime it rise up without volume.
pilosopotasyo
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November 18, 2020, 02:37:40 PM
 #19

I'm just opening the post in advance.

It's been a long time HODLing, not selling a dime.

It's been worth it.

Cheers guys!

Smiley

You beat us on this thread, there were a lot of posts talking about Bitcoin reaching $16 k $17 k and people are asking about Bitcoin reaching $20 k, they are not going to ask anymore, because there's a possibility that it's going to happen, people are now on the watch on what's going to happen in the market, it could go to another all time high any moment, if it jump to 10%, another 10% is not a remote possibility that it's going to happen again.

BACK FROM A LONG VACATION
Ridwan Fauzi
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November 18, 2020, 02:46:20 PM
 #20

Although there is no one who will know against it, I doubt if there is someone who hold bitcoin since its price was $3500 and hold until now. There will be some factors who will make him to sell their bitcoin because he will be loomed over that bitcoin can crash from $20.000 to $3500 although its price starting from $1 at 2009 ago.

But, for bitcoiners/bitcoin's investor right now who see that bitcoin can recover that just need at least three to reach its all time high they will be investor who will hold bitcoin for long term investment. Although later its price crash again like three years ago they will be comfortable to hold it. Because he will knows that bitcoin can recover again although it need time.
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