LogitechMouse
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December 09, 2020, 02:09:50 AM |
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I invested my daughter's savings 3 days ago yet the market is tumbling. So, I lost some of her money due the current market conditions.
It's December, after all! Are the bulls gone now or what?
You are posting this out of frustration right?? You thought that the rise of Bitcoin will continue right?? You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again.
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Argoo
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December 09, 2020, 04:53:53 AM |
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I invested my daughter's savings 3 days ago yet the market is tumbling. So, I lost some of her money due the current market conditions.
It's December, after all! Are the bulls gone now or what?
You are posting this out of frustration right?? You thought that the rise of Bitcoin will continue right?? You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again. Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November. Bitcoin dropped to $ 18,240 and ethereum to $ 550. I expected good growth in December, but this is not happening yet. We can only hope that this time the correction will be short-lived. In general, there is still time for price growth.
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michellee
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December 09, 2020, 05:19:58 AM |
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I invested my daughter's savings 3 days ago yet the market is tumbling. So, I lost some of her money due the current market conditions.
It's December, after all! Are the bulls gone now or what?
You are posting this out of frustration right?? You thought that the rise of Bitcoin will continue right?? You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again. Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November. Bitcoin dropped to $ 18,240 and ethereum to $ 550. I expected good growth in December, but this is not happening yet. We can only hope that this time the correction will be short-lived. In general, there is still time for price growth. Be patient, and we still have much time to see the bitcoin price increase this month or next month. We are still in December, so there are many chances for the bitcoin prices to go to the high price. But if nothing happens to the bitcoin price and stays at the current price, I think it will be no problem for us because bitcoin still has another time to increase. But it is a good time to buy back more bitcoin at a price now because who knows, after this moment, bitcoin price will start the rally and break $19k and even $20k this month. If that so, that will be a good profit for us because we can back to profit from the price increase.
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cryptomaniac_xxx
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December 09, 2020, 08:48:59 AM |
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I invested my daughter's savings 3 days ago yet the market is tumbling. So, I lost some of her money due the current market conditions.
It's December, after all! Are the bulls gone now or what?
You are posting this out of frustration right?? You thought that the rise of Bitcoin will continue right?? You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again. Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November. Bitcoin dropped to $ 18,240 and ethereum to $ 550. I expected good growth in December, but this is not happening yet. We can only hope that this time the correction will be short-lived. In general, there is still time for price growth. Yeah but nothing to worry though, just a retracement as far as I know. We have been attempting to break the $20k price, however, there is too much resistance that the price can't really hold along the $19,500 and obviously a new break out has formed into the downsize. But then again, we have seen this multiple times already, so let's just wait, no need to rush things.
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FanEagle
Legendary
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Activity: 3038
Merit: 1129
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December 09, 2020, 01:57:02 PM |
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I really do not understand people who get excited about bitcoin prices so much and gets panic this quickly as well. Didn't you realize the price was super high when you were investing?
I mean it is obvious that you are not going to see this type of increase all over again this quickly. What was the assumption? That bitcoin made 2x return from $10k to $20k and that means it will also go from $20k to $40k and make another 2x profit as well?
You should have known that was nearly impossible. I am not saying price will plummet, I am not even saying it will go down more, I am just saying even if it goes up, it won't go up that much and you should be ready for falls as well. Hence, I do not understand people who get involved this quickly with that kind of money and fear every single move.
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TheGreatPython
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December 09, 2020, 01:59:35 PM |
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I would say that best way to see if bull run is over or not would be to see what happens next. We have moved 5% higher just this week, and that is not really that bad at all, we can't say it is over when it is going up this way, the price is still above $19k and reaching closer to ATH every single day inch by inch.
However what we can see right now is that we are not as volatile as we have been this past few months, which is totally true and could be understandable in the approach that we may not be in a bull run right now even though we are in a decent position to say we are doing fine nonetheless. What happens in December will dictate if we are still in bull run or not, and if we continue to go up and reach beyond $20k for the first time, that means we are in bull run.
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onecall123
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December 09, 2020, 03:08:31 PM |
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Yeah but nothing to worry though, just a retracement as far as I know. We have been attempting to break the $20k price, however, there is too much resistance that the price can't really hold along the $19,500 and obviously a new break out has formed into the downsize. But then again, we have seen this multiple times already, so let's just wait, no need to rush things.
Anything can still happen, we have a 10% pump last month, there's still a possibility that it can happen before the end of the year, and the majority of us here are glued to the market chart, I doubt that the bull run is over we are in fact just starting out, with so many good news coming in its not yet over. It needs to come down a bit more. I guess a huge number wish it drops much more, waiting to buy at low. We're about to passing very tough week for the Bitcoin and other major altcoins. Bullrun yet to happen and this is simple correction before a sharp rise.
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2tang
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Activity: 1414
Merit: 259
Undeads.com - P2E Runner Game
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December 10, 2020, 06:48:20 PM |
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yes this year it looks like it will be difficult for Bitcoin, because the price of Bitcoin is still not able to go up by $ 20k, of course this makes traders very willing to enter Bitcoin
The increase in the price of Bitcoin in 2020 is the highest increase in price after 2017, although currently bitcoin has not been able to pass the $20,000 price, at least many traders or bitcoin holders have benefited quite a bit this year. If indeed the positive trend continues to occur in bitcoin in 2021, it will certainly re-trigger bitcoin price movements in the market and it is possible that the bitcoin price will be able to reach the $20,000 price range or even the price can exceed the highest bitcoin price record ever.
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Inkdatar
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December 10, 2020, 07:01:47 PM |
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Looking at the current price in the market it is a higher price for the longest time. So I don’t think it is bad after all that it went up after year 2017. Possible you did not observe the market trend from the very beginning. Although it did yet not reach $20k and I can't say bull run is over for this year. If just looking for the bull run and the target goal you aim it will take time. Just invest on what you can afford since the market is volatile and unpredictable movement.
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cytpoway121
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Activity: 1540
Merit: 68
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December 10, 2020, 07:02:40 PM |
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yes this year it looks like it will be difficult for Bitcoin, because the price of Bitcoin is still not able to go up by $ 20k, of course this makes traders very willing to enter Bitcoin
This year has been very complicated with crisis here and there especially the covid 19 pandemic; The price of bitcoin to me will continue to fluctuate and also experience price correctional stages several time; it is up to traders to decide to buy for the longest term and be at peace; or invest on the short terms. Either ways, do your research and understand why you invest in bitcoin.
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mace15
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December 10, 2020, 07:19:43 PM |
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yes this year it looks like it will be difficult for Bitcoin, because the price of Bitcoin is still not able to go up by $ 20k, of course this makes traders very willing to enter Bitcoin
This year has been very complicated with crisis here and there especially the covid 19 pandemic; The price of bitcoin to me will continue to fluctuate and also experience price correctional stages several time; it is up to traders to decide to buy for the longest term and be at peace; or invest on the short terms. Either ways, do your research and understand why you invest in bitcoin. Bitcoin is not just a pump and dump that if you will invest it is not a quick investment scheme. Price correction is just normal to see it may declined for a small percent in the market. So very true a person should understand the situation first prior judging the market and investing.
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KTChampions
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Merit: 1959
Leading Crypto Sports Betting & Casino Platform
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December 10, 2020, 10:29:21 PM |
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The increase in the price of Bitcoin in 2020 is the highest increase in price after 2017, although currently bitcoin has not been able to pass the $20,000 price, at least many traders or bitcoin holders have benefited quite a bit this year. If indeed the positive trend continues to occur in bitcoin in 2021, it will certainly re-trigger bitcoin price movements in the market and it is possible that the bitcoin price will be able to reach the $20,000 price range or even the price can exceed the highest bitcoin price record ever.
By the way, it would be very important to significantly surpass the previous ATH in this cycle. Otherwise, it will turn out that this will be the first cycle in which ATH has not been surpassed and the "hold to the last, no matter what happens to the price" model will be questionable.
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