iTradeChips
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December 30, 2020, 09:40:59 AM |
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In my opinion, the correction will happen possibly once it starts to go down gradually. Any skilled trader will be able to earn still in the down trend as long has he has a strategy in trading. Day traders don't care if the price of bitcoin is 100 dollars or 26,000 dollars. What is important that we develop these skills in making calculated risks and make these decision to solid trade that would give us profit in a few hours. Long time investors also need not worry. It might take years but you wait until the correction happened and then you might get lucky at that point.
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Cryptoheavy
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December 30, 2020, 09:56:39 AM |
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Tomorrow at 16:24, set timer Cmon, nobody knows when. It just will happen, sooner or later
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rodskee
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December 30, 2020, 10:09:21 AM |
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Aset yang dianggap sebagai emas digital ini memang timbul tenggelam, pada Desember 2017 lalu, bitcoin mencetak rekor tertinggi sepanjang masa US$ 19.458,19/BTC, tetapi malah ambrol nyaris 80% setahun berselang.
wrong section ,Better delete this or you will be punished because that's against the rules,No posting of Local in english section. Tomorrow at 16:24, set timer
Already Set at 16:20 to Dump all my BTC.. _______________________ ____ if there is a chance ,Maybe that would be next year because up to this moment Bitcoin is showing the dominance and making History continuously . If you are longing to Buy in lower price ,then better Enjoy the New Years eve first without stress ,forget the market for a while and come back in the start of 2021.
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blckhawk
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December 30, 2020, 10:18:01 AM |
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I've been thinking, it's now very scary to buy bitcoin, as the bullish movement is at an unexpected level.
There's nothing to be afraid of to buy right now because even if the price starts to fall you can still have a profit unless you are aiming for a quick profit. Bitcoins grow over time that is why they always say that invest whenever you want. When do you think bitcoin price will start falling?
What are the signs to watch out for?
No one exactly knows when Bitcoin starts to fall that is why we should always have to set our entry point and as well as the exit point or target price. There are some folks who are analyzing the situation and making their signals but this is still not a hundred percent certain. You could make yours actually. A friend told me that some people borrowed money from banks to invest, and it had paid off for them
Well, there are several people who did that and actually make gains. However, it is not recommended especially if you don't know what you were doing, you might lose the money and become one of your problems because you need to pay it off.
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serjent05
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December 30, 2020, 10:27:22 AM |
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I've been thinking, it's now very scary to buy bitcoin, as the bullish movement is at an unexpected level.
Well, if one is investing his extra money, I don't think it is really that scary since it just needs the patience to sell at a profit. See 2017 peak investors, they have waited for 3 years to be able to sell at a profit. It wouldn't scary for them if the fund they use that time was just the extra money they had so they can wait for a longer period of time without jeopardizing their family budget. When do you think bitcoin price will start falling?
Not around this time I think since the market is very bullish. Just wait for a couple of months or a year unless an unexpected event happens that will cause the Bitcoin price to plummet. What are the signs to watch out for?
If you wanted to buy at a discount, you can watch out for the short trader, many will short their trades if they found themselves at a profit already. This way you can buy Bitcoin at a lower price.
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lovesmayfamilis
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December 30, 2020, 11:32:34 AM |
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Yes, you are right, it fell yesterday, but today Bitcoin has renewed all-time highs. It rose above $28,500. The further behavior of bitcoin is difficult to predict. Volatility is very high today and can jump in different directions. I would not risk buying bitcoins at this particular time. But this is just my judgment. If you listen to experienced analysts, even their predictions differ. Some promises a continuation of the rally, while others herald the beginning of a fall. It is worth weighing your Bitcoin buying decisions several times. But here on the forum, there has long been a rule that buying for a long time will always bring profit, it is enough to set yourself the right deadlines and have patience.
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LogitechMouse
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December 30, 2020, 11:48:37 AM |
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When do you think bitcoin price will start falling?
Nobody knows. What can we only give is a warning. Observe Bitcoin in the first months of 2021, you will have an idea if when it will start to fall (if it will fall ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ). What are the signs to watch out for?
When the supports that you've plotted will be easily taken out then it can be a sign that it is starting to fall. If you see red candles on the daily chart then it is also a sign. News might also a sign too but don't rely too much on it. Better rely on technical rather than fundamental.
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TheUltraElite
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So anyway, I applied as a merit source :)
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December 30, 2020, 11:54:28 AM |
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More attention has been drawn to btc and a lot more capital funds from companies are in the cycle now. I doubt it'll dip any significant drop.
It is possible in a bull market to reach a dip. Who knows which idiots bought at 20k back in 2017 and has been holding for 3years only for this opportunity to sell. Though the numbers will drop with time as price keeps increasing someone will buy at this price tol because of FOMO. New capital is coming in which means more support for short term. These groups don't like to keep a bad portfolio, if they see a dip they will also drop their bags like anything. It's good but only if the price keeps going up. Which is often going to not be the case. My previous target of 25k was crossed and so my next target is 30k USD.
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imstillthebest
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December 30, 2020, 12:13:16 PM |
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but since there was a time where buying bitcoin is not scary ? every time the btc price park people will always think that it will fall and they wont buy but if it will increase its blaming time . as the bullish movement is at an unexpected level. we are now in a bull but if you mean another bull , we can also get there . its unexpected therfor you need to buy now because you will not see it coming . you will only knew when its already late , dont be like them that didnt enter the train . bitcoin can start falling anytime of the day but i dont expect it to fall heavy . we are good with small fall and big recoveries
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tranthidung
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December 30, 2020, 12:19:13 PM |
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2020: 8 (13/12/2020 .. 20/12/2020 and 23/04/2020 .. 30/04/2020) 2019: 8 (20/06/2019 .. 27/06/2019) 2018: 7 (14/07/2018 .. 20/07/2018) 2017: 18 (25/04/2017 .. 12/05/2017) 2016: 8 (24/05/2016 .. 31/05/2016) 2015 9 (23/10/2015 .. 31/08/2015) 2014: 6 (02/01/2014 .. 07/01/2014) 2013: 10 (01/11/2013 .. 10/11/2013)
Let me promote my analysis: Bitcoin Streaks (Rise/ Fall) - 2013 to 2020- There are 21 fall streaks (based on my streak definition for 5+ consecutive days of fall or rise).
- The 2 most terrible fall streaks are highlighted in dark red color in the table.
- With my streak definitions and all identified streaks, the longevity of streak is from 5 to 6 days.
- Two consecutive streaks usually have a time gap of 26 days. It means bitcoin does usually have 1 streak every month.
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Crptomagma
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December 30, 2020, 12:48:20 PM |
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Despite the bullish movements and the price of bitcoin keep appreciating almost on a daily basis, the availability of bitcoin is not affected. There are many bitcoin exchanges platform where you can get bitcoin in good rate. Regarding when will the price go of bitcoin starts falling it’s almost unpredictable at these point when many big business owners and company are acquiring bitcoins including. So the price of bitcoin will remain in the bull run.
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Bitstar_coin
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December 30, 2020, 01:24:34 PM |
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Despite current price I don't think it's scary at all to buy bitcoin now, as long as you are responsible. And that means not borrowing money from anyone to buy bitcoin, not going all in with all your savings, and most importantly look at bitcoin as a long term investment and that means having the patience to wait for even few years.
Trying to time the market and waiting for dips dips is harder than it looks so that's why i prefer dollar cost average method where I don't care much about current price. I simply buy at regular intervals as I know I will profit in the end. So far this method works flawlessly.
Regarding when price will start dropping, it will probably happen suddenly and without some major sign, when people are not expecting.
A friend told me that some people borrowed money from banks to invest, and it had paid off for them Yeah very possible when btc was 10k below, not too risky, but now i think it is highly risky to want to borrow money from the bank to invest or buy at this current price, nobody knows what will happen next and how big the correction will be when the time comes.
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Kez1817
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December 30, 2020, 01:42:18 PM |
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I don't think bitcoin has any plans to go down where it is now ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) It will make another ATH before end of 2020 tomorrow. So, let's enjoy the beautiful bitcoin scenario to welcome the 2021. After this exciting event in bitcoin, be ready for the possible correction at anytime. We don't really know if when but much better if you always ready.
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Noctis Connor
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December 30, 2020, 01:58:46 PM |
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No one can tell when the bitcoin price falling since the market price and volume of bitcoin are in stable however if you are using some tools or website to see if the price of the bitcoin will fall with others coins there are some delayed response into the server and thinking to buy bitcoin is the right time , no it isn't everyone should appreciate the bull run of bitcoin since there are more and more investors who shows interest in using bitcoin even those people that there only choice is to get a loan in the bank to start trading with bitcoin and i don't think that is the right choice for them but they had their own decision to make so be it.
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posi
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December 30, 2020, 02:07:21 PM |
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I don't think bitcoin has any plans to go down where it is now ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) It will make another ATH before end of 2020 tomorrow. So, let's enjoy the beautiful bitcoin scenario to welcome the 2021. It depends on what you mean by the price of Bitcoin not going down because it was once sold at $28K price today before it dumps to the $27K price but I believe we have reached the last ATH market price of this year which is the $28K. After this exciting event in bitcoin, be ready for the possible correction at anytime. We don't really know if when but much better if you always ready.
You are right about possible market correction but it will be the Q4 market of the year 2021 before we can see any form of market correction which some people call a blood bath. Regarding when will the price go of bitcoin starts falling it’s almost unpredictable at these point when many big business owners and company are acquiring bitcoins including. So the price of bitcoin will remain in the bull run.
Its hard to predict the crypto market trend but I want you to understand that the big business owners/companies which are acquired Bitcoins will also be the number one people to make the Bitcoin price dump really hard when the market blood bath started.
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Fredomago
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December 30, 2020, 02:30:28 PM |
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I've been thinking, it's now very scary to buy bitcoin, as the bullish movement is at an unexpected level.
When do you think bitcoin price will start falling?
What are the signs to watch out for?
There will be a Small changes soon but the Start falling? looks like Not possible to happen. The Capitalization in market now are from Real investors ,Meaning they are there to stay and not to Dump after the ATH reached. If you are planning to Buy back ,Maybe consider even in 25k price or else wait for long.
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Wisbrown
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December 30, 2020, 02:35:07 PM |
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For now there is no perfect prediction on when the price of bitcoin will drop
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Coinsfera
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December 30, 2020, 02:39:53 PM |
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When do you think bitcoin price will start falling?
Everyone is thinking about what will happen if what happened with XRP happens to Bitcoin. The financial system is highly affected by the decisions made by the regulatory bodies. Their decisions can be deadly(XRP). Besides the decisions, the reaction of people is very crucial. If bitcoiners stay strong and hold, not much harm will happen. It is true that BTC is a currency and asset, and it can go up and down. It can go down after reaching a strong resistance level and roam around that level. Also, illegalizing bitcoin can affect the price. It is true that it will work but the value will not be the same. I think the price will start to fall if the decentralized system of Bitcoin works erroneously.
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BIN-BIN
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December 30, 2020, 02:40:28 PM Last edit: December 30, 2020, 03:52:12 PM by BIN-BIN |
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No matter what the bitcoin market is u will never be scary after all we all know bitcoin as a volatile commodity it price can go in which ever direction it want so am not expecting any fall in the price of bitcoin let just enjoy the moment.
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ncwisdom
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December 30, 2020, 02:58:41 PM |
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Bitcoin at this period is testing all time high, with little pull back. It will be kind of difficult to predict a reversal point using technical analysis, buying bitcoin now you will have to be cautioned meaning you have to consider it as a long time investment so you won't be panic when the it reversed and goes below your purchase price.
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