Congrats to everyone for reaching $20k again.

[Vaskiy]

People expect more growth to happen. Even at an worst situation bitcoin has given life to more number of people through its growth. This is the truth and for the same it is always praised. As in above post the miners view point is mentioned, but we need to consider the demand to the supply. Something beyond certain value will also create a negative impact over the network giving an outlook as a manipulated growth.

[FinneysTrueVision]

I don't pay much attention to price so this has kind of snuck up on me. I have conflicted feelings about BTC reaching $20k again. On one hand I want to accumulate as much as possible and this bull run is making it difficult, but I also want the BTC that I already own to keep increasing in value. I guess the market will do what it does and I'm happy to be a part of this historic moment.

[philipma1957]

I don't pay much attention to price so this has kind of snuck up on me. I have conflicted feelings about BTC reaching $20k again. On one hand I want to accumulate as much as possible and this bull run is making it difficult, but I also want the BTC that I already own to keep increasing in value. I guess the market will do what it does and I'm happy to be a part of this historic moment.

Just don't look at the prices and buy a piece of coin every once in a while.

I get my coins via mining.  So  I have to pay the power bill with $$ not BTC   thus I sell some of the coins.  And save some of the coins.

I sold pieces at

14
15
16
17
18
19

and won't sell until

24
25
26
27
28
29

But like I said my coins are mined not purchased.

I have less risk then buy and trade.
I have less risk then buy and hodl.

But Since I don't hodl coins very long my profits are lower.

[Poker Player]

In this case, the OP had previously opened a thread where he planned to sell near $20K. Now he's celebrating $20K before the fact and not planning to sell anything. Let's see what happens.

NO.

Read again.

I read it again:

"Congrats to everyone for reaching $20k again."

"Not selling a dime."

Still getting the same impression. Just calling it like I see it.

Anyway, no need to take offense. It was just a comment on sentiment. I often like to take note of my own sentiment during strong trends. I find that when I'm feeling greedy and scared to sell deep into a rally, a harsh correction is usually close.

I meant that it was worth not selling during all this time. As a result of the other thread you were mentioning I decided I will sell just a small percentage of my holdings when the price reaches a certain amount in equivalent fiat. If it keeps going up, I will keep selling when some milestones are reached, but always a small percentage, while keeping invested.

I never planned to sell everything btw.

I would say this thread marks a long correction to under 15k and we don't ever hit the 20k.

I will say it again: LOL. Do you think I am so powerful?

The vibe created in assuming 20k was destiny is okay but to print it on the internet was terrible terrible karma  very disappointed to see it. To make things worse it is now feeding into a second chicken counting thread.

This thread link is to an older thread started on Nov 5th

https://bitcointalk.org/index.php?topic=5286880.0

Our only hope is for the threads to be locked and tossed into archive section.

Well it was a nice run.

Now that it is over when do you all decide to sell at 16k or let it drop more to 14k.

Shame shame on all you chicken counters.

I want some of that weed you are smoking. I'd laugh even more.

And for both of you: the thread was started no matter when we reach 20k. A similar one could be opened today congratulating people for reaching 100k but I'm not going to open it so philipma1957 doesn't get paranoid while he smokes pot thinking we will never reach 100k because I opened that thread.

LOL.

[doomloop]

The one main thing that makes me very optimistic about 20k is the fact that for two times in a row now we have went down and recovered very easily. Think about it, I guess it was around 17k or so levels where we were hanging out trying to go higher, it dropped under 17k and after that it recovered over 17k and even went above 18k as you can see.

Now same thing happened with 18k where price went under 18k and recovered over it as well. So, that tells me next stop could be over 19k very soon, and after that it could drop under 19k and recover over 19k and try to beat 20k this time around. This is obviously a pattern and just because it happened twice doesn't mean it will keep happening all the time neither, but if it does repeat that is the road map we have in front of us.

Finally bitcoin could drop eventually, we are aware of that and everyone knows that there is no way that bitcoin could continue to go up without interruption forever. However we are also aware that it may not be right now, I understand that there are tons of people who are afraid of the fact that bitcoin could drop tomorrow and could worth something very tiny, like maybe half of right now, and I am not saying it is impossible.

All I am saying is, maybe we will continue to grow until $25k or even $30k? We can still drop, but why think that drop will be right away instead of thinking drop could be after we reach $25k? We could go to $25k from here and drop to 10k after that, which I think is quite possible. This is why I suggest people to put like 20% drop stop loss and keep buying.

[Poker Player]

Finally bitcoin could drop eventually, we are aware of that and everyone knows that there is no way that bitcoin could continue to go up without interruption forever. However we are also aware that it may not be right now, I understand that there are tons of people who are afraid of the fact that bitcoin could drop tomorrow and could worth something very tiny, like maybe half of right now, and I am not saying it is impossible.

Well, it is obvious that it's going to drop at some point. However, this trend seems to me healthier than the one three years ago (jinx ).

All I am saying is, maybe we will continue to grow until $25k or even $30k? We can still drop, but why think that drop will be right away instead of thinking drop could be after we reach $25k? We could go to $25k from here and drop to 10k after that, which I think is quite possible. This is why I suggest people to put like 20% drop stop loss and keep buying.

That depends a lot everyone's personal situation but I think it is better to just buy and hold or keep holding and sell a small percentage when milestones are reached as I commented before. If you think that bitcoin is going to keep going up in the long term (jinx, lol) it's better not to worry about the drops.

[darewaller]

^Did this post jynxed the price lol. Looking at the price, it was almost breaking the ATH barrier before this post was created but we have stabilized over 19k and still failed to break over, we are sooooo close and we are still yet to break over it. I know this topic had nothing to do with it and it can't impact the market that much, I just wanted to show the coincidence of the moments between starting this topic and bitcoin failing.

There is no worry though, while we are THIS close, I doubt we won't be seeing higher levels, I am confident enough to see 30k after we break over 20k, it is going to be a psychological barrier where people didn't really believe we will see it ever again, after we break it the Pandora's box will be opened and we will go to 30k non-stop.

[Gotumoot]

^Did this post jynxed the price lol. Looking at the price, it was almost breaking the ATH barrier before this post was created but we have stabilized over 19k and still failed to break over, we are sooooo close and we are still yet to break over it. I know this topic had nothing to do with it and it can't impact the market that much, I just wanted to show the coincidence of the moments between starting this topic and bitcoin failing.

There is no worry though, while we are THIS close, I doubt we won't be seeing higher levels, I am confident enough to see 30k after we break over 20k, it is going to be a psychological barrier where people didn't really believe we will see it ever again, after we break it the Pandora's box will be opened and we will go to 30k non-stop.

Hahaha I was also wondering the same thing since the price drop down,
But is it really going to drop down or is it just getting ready to bounce higher?
I was waiting for the correction but now I am thinking what if this isn't a price correction but a continues drop like before?

[TitanGEL]

^Did this post jynxed the price lol. Looking at the price, it was almost breaking the ATH barrier before this post was created but we have stabilized over 19k and still failed to break over, we are sooooo close and we are still yet to break over it. I know this topic had nothing to do with it and it can't impact the market that much, I just wanted to show the coincidence of the moments between starting this topic and bitcoin failing.

There is no worry though, while we are THIS close, I doubt we won't be seeing higher levels, I am confident enough to see 30k after we break over 20k, it is going to be a psychological barrier where people didn't really believe we will see it ever again, after we break it the Pandora's box will be opened and we will go to 30k non-stop.

Hahaha I was also wondering the same thing since the price drop down,
But is it really going to drop down or is it just getting ready to bounce higher?
I was waiting for the correction but now I am thinking what if this isn't a price correction but a continues drop like before?

For me what's happening to the price is just correction so we should not be scared because it is just normal.  For those who are now selling will regret their decision because they think that the price will go dump because of the last 2 candles without knowing that it is just normal because prices do not go straight line. The current price already made a rejection in the current support level so it only means that there are now many interested buyers around $17,400. If the price managed to hold above $17,000 then it is consider as healthy but once the price breaks the $17,000 it only means that there is now a bad sign that may lead to reversals.

[casperBGD]

I was waiting for the correction but now I am thinking what if this isn't a price correction but a continues drop like before?

that it always a thing
- when it is going up, you think it will never end
- when it is going down, you think that it could go a bit more down, so you have better entry
that is why I rarely trade and have deployed improved Dollar Cost Averaging strategy to buy-and-sell without emotions

[arwin100]

I was waiting for the correction but now I am thinking what if this isn't a price correction but a continues drop like before?

that it always a thing
- when it is going up, you think it will never end
- when it is going down, you think that it could go a bit more down, so you have better entry
that is why I rarely trade and have deployed improved Dollar Cost Averaging strategy to buy-and-sell without emotions

This is normal since the sometimes we cannot control our emotion on sudden changes on the market movement that's why the action on some scenarios are different that's why we will come up with the mindset on what you are posting here. But for sure if we are consistent on trading we will minimize the risk and can able to look up for better figure and good decisions on our trades.

[Jating]

I was waiting for the correction but now I am thinking what if this isn't a price correction but a continues drop like before?

that it always a thing
- when it is going up, you think it will never end
- when it is going down, you think that it could go a bit more down, so you have better entry
that is why I rarely trade and have deployed improved Dollar Cost Averaging strategy to buy-and-sell without emotions

If its continue to go down then take advantage of it, yes DCA could help a lot. Others are complaining that the price of bitcoin is to steep and that they can't buy any. And now that we are in a correction and a downtrend, take advantage and see how it goes for you and for everyone.

There is a projection that the price could go as low as $12k, so don't be sad, used that weak market we have and buy small units of BTC before it goes up again.

[Inkdatar]

Hahaha I was also wondering the same thing since the price drop down,
But is it really going to drop down or is it just getting ready to bounce higher?
I was waiting for the correction but now I am thinking what if this isn't a price correction but a continues drop like before?

This is the most question now, would be the price continues to declined or this is just correlated with Black friday sale. The price declined just this day so a lot of panic happening with bitcoin movement in the market. So congrats to those who sell their target price and earned profit. In my opinion, price could bounce in any time and can buy some to hold in their wallet.

[Poker Player]

^Did this post jynxed the price lol.

Yes I am tempted to open another one saying: "Bitcoin it's going to go to 0" so the price goes up very fast.

Looking at the price, it was almost breaking the ATH barrier before this post was created but we have stabilized over 19k and still failed to break over, we are sooooo close and we are still yet to break over it. I know this topic had nothing to do with it and it can't impact the market that much, I just wanted to show the coincidence of the moments between starting this topic and bitcoin failing.

There is no worry though, while we are THIS close, I doubt we won't be seeing higher levels, I am confident enough to see 30k after we break over 20k, it is going to be a psychological barrier where people didn't really believe we will see it ever again, after we break it the Pandora's box will be opened and we will go to 30k non-stop.

Yes, I think exactly the same. There might be another approach to 20k and another bounce back though. I've watched this video:

https://www.youtube.com/watch?v=WorKn4nmfWs

He analyzes the market between 2014 and 2017 and shows there were two approaches to the old ATH and two bounces back before the ATH was clearly broken and the price went parabolic. This time there might be three, who knows. There are many sell orders in between $19,500 and $20,000. Once we pass the $20 barrier there are nearly as many so that's why I agree with you that when we clearly break that resistance we can go to 25k or 30k easily.

[philipma1957]

^Did this post jynxed the price lol.

Yes I am tempted to open another one saying: "Bitcoin it's going to go to 0" so the price goes up very fast.. LOL

Looking at the price, it was almost breaking the ATH barrier before this post was created but we have stabilized over 19k and still failed to break over, we are sooooo close and we are still yet to break over it. I know this topic had nothing to do with it and it can't impact the market that much, I just wanted to show the coincidence of the moments between starting this topic and bitcoin failing.

There is no worry though, while we are THIS close, I doubt we won't be seeing higher levels, I am confident enough to see 30k after we break over 20k, it is going to be a psychological barrier where people didn't really believe we will see it ever again, after we break it the Pandora's box will be opened and we will go to 30k non-stop.

Yes, I think exactly the same. There might be another approach to 20k and another bounce back though. I've watched this video:

https://www.youtube.com/watch?v=WorKn4nmfWs

He analyzes the market between 2014 and 2017 and shows there were two approaches to the old ATH and two bounces back before the ATH was clearly broken and the price went parabolic. This time there might be three, who knows. There are many sell orders in between $19,500 and $20,000. Once we pass the $20 barrier there are nearly as many so that's why I agree with you that when we clearly break that resistance we can go to 25k or 30k easily.

[BTCappu]

Prime example of not getting your hopes up about crypto prices before it happens. I mean I am not saying it is a bad one, because we were nearly there and he was nearly right as well, but when you talk beforehand on what is going to happen just like you know it somehow, this could happen.

I am not saying we will not reach 20k neither by the way, it will definitely reach 20k but as this topic intended, it wasn't near or soon enough to start a topic about it. In any case, we are in just a small problem phase right now, I am sure we will figure this one out and go back above 19k very soon and hopefully breach 20k once again. I know we have talked about 20k for the past 3 years but the reality is 19670 or so as seen as the highest bitcoin reached, so if we can see 20k for real, that would be awesome.

[Twinkledoe]

Prime example of not getting your hopes up about crypto prices before it happens. I mean I am not saying it is a bad one, because we were nearly there and he was nearly right as well, but when you talk beforehand on what is going to happen just like you know it somehow, this could happen.

I am not saying we will not reach 20k neither by the way, it will definitely reach 20k but as this topic intended, it wasn't near or soon enough to start a topic about it. In any case, we are in just a small problem phase right now, I am sure we will figure this one out and go back above 19k very soon and hopefully breach 20k once again. I know we have talked about 20k for the past 3 years but the reality is 19670 or so as seen as the highest bitcoin reached, so if we can see 20k for real, that would be awesome.

The dump is normal as there are many holders that sold off their btc. But the adoption doesn't stop from there, so I am certain we will rise up again. Though some newbies have had some disappointments, but this is not the end of the line. More companies are joining crypto and more individuals are buying their own stash, so this time around, the adoption is increasing not the other way around. Exciting days ahead as we approach the last month of this year.

[KTChampions]

usually if a new ATH is reached then a new increase will occur again, but waiting for a correction,
if there is no correction it is the same as a bubble, you can see the Bitcoin chart in 2017,
there is no correction and finally the bubble burst resulting Bitcoin dump.

In general, you are right, but the level after which the bubble comes is of fundamental importance. If the growth is a bubble starting from 1000 then this is one situation and if the growth after 30k or slightly above/below is a bubble then this is a completely different situation. At the moment, I cannot say that there is a bubble in the crypto market (if you look at the situation regarding other assets).

[mirakal]

I think this thread would stay for a while, bitcoin dump after giving some light that it will break its ATH. Currently price now at $17000, still a good price, just very close to $20,000 so nothing to be afraid of, soon it will break a new ATH but I just can't be too confident that the "soon' would happen this year.

An ATH is a new beginning for crypto because it will totally take all the doubts of investors and hope it would bring positive movement for altcoins as well who suffers years already, especially the low marketcap projects.

[Poker Player]

Bump!

$2,250 @ bitstamp right now.

Note for moderators: I think it is pretty clear that I'm not breaking unofficial rule nº 21. This thread was created precisely to be bumped in a day like today.