Markets taking profit

[tvplus006]

You are correct but at the same time there is no doubt in my mind we are seeing some profit taking from smart investors, also it is possible they are seeing the performance of altcoins are giving and they do not want to be left behind...

Traders and investors had a great opportunity to increase their number of BTC by 20%, but not many were able to take advantage of the latest bitcoin dump. I did not expect the price of BTC to drop to $47,500, so I did not sell my coins to re-buy at a lower price.

[iv4n]

You are correct but at the same time there is no doubt in my mind we are seeing some profit taking from smart investors, also it is possible they are seeing the performance of altcoins are giving and they do not want to be left behind...

Traders and investors had a great opportunity to increase their number of BTC by 20%, but not many were able to take advantage of the latest bitcoin dump. I did not expect the price of BTC to drop to $47,500, so I did not sell my coins to re-buy at a lower price.

Correct me if I am wrong, but in the last two months, Bitcoin price had crazy ups and downs... a few times we saw a rise over $60k, drop to around $50k, and then rise again! Well, it's a free market, people (individuals, groups, organizations, corporations...) are free to do what they want!

So who is taking profit!? Who bought a long time before is still in profit! And when the price is dropping it's not time for taking profits, it's time for shorting! Who is shorting?! Well, should I say it again... it's a free market, everyone is free to try it! And I guess some have luck, some don't.... it's a market, free or not someone is always short!

[Emitdama]

A few people may be wondering about the step drop of bitcoin price these last days. It is quite usual for it to move up and down, although lately it seems that movements are faster than usual.

Just take a wider look to understand:

NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%

Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.

I don’t know what has led to the recent drop, but some people, as usual, has been looking for events to tag it to, I have seen a lot of things being said about the drop, but whatever it is, like the op has said, it is a usual thing for Bitcoin. When I checked the charts on coinmarketcap.com I noticed that in the last seven days a lot of altcoins has been growing and they on green, while bitcoin is showing red in the last seven days and has decreased in value. Starting to look to me like the trend is about to change, I guess it’s getting to altcoins season just as I have been seeing that trend in the past few days.

[BITCOIN4X]

Correct me if I am wrong, but in the last two months, Bitcoin price had crazy ups and downs... a few times we saw a rise over $60k, drop to around $50k, and then rise again! Well, it's a free market, people (individuals, groups, organizations, corporations...) are free to do what they want!

You are right, The pattern is pretty neat and we probably won't see price drop by more than $47K after today. Hopefully we'll see the new ATH in May.

So who is taking profit!? Who bought a long time before is still in profit! And when the price is dropping it's not time for taking profits, it's time for shorting! Who is shorting?! Well, should I say it again... it's a free market, everyone is free to try it! And I guess some have luck, some don't.... it's a market, free or not someone is always short!

Because this is a free market, I think some of them choose to sell briefly and will buy again at a lower price. Even though there is currently a major correction, many people are still profitable if they bought it cheaply some time ago.

[Coyster]

There is still opportunity to be part of this great profit that is still on going in the market, if only you can still hold your coins and watch the market very well. Despite the price of bitcoin dropped few days ago does not mean it will continue decreasing in this season. According to some researchers, bitcoin will hit $80k soon before it can allow any altcoin to over the first position in the cryptocurrencies.

The thing is, 'researchers and experts' are sometimes guilty of causing misconception for newcomer investors, Bitcoin could well get to 80k and even over, but this 'experts' are only being speculative, but then go on to make their predictions assertive, this sometimes causes people to 'invest more than what they can afford to lose', or sell in panic when there's a price correction.

Having said that, all one basically needs to do is believe in the network, study it's historical price movements, research on your own and don't associate Bitcoin only with 'great profits', the Bitcoin network/currency is more than just that, but people only want to be allured with promises of wealth.

[dark1234]

There is still opportunity to be part of this great profit that is still on going in the market, if only you can still hold your coins and watch the market very well. Despite the price of bitcoin dropped few days ago does not mean it will continue decreasing in this season. According to some researchers, bitcoin will hit $80k soon before it can allow any altcoin to over the first position in the cryptocurrencies.

The thing is, 'researchers and experts' are sometimes guilty of causing misconception for newcomer investors, Bitcoin could well get to 80k and even over, but this 'experts' are only being speculative, but then go on to make their predictions assertive, this sometimes causes people to 'invest more than what they can afford to lose', or sell in panic when there's a price correction.

Having said that, all one basically needs to do is believe in the network, study it's historical price movements, research on your own and don't associate Bitcoin only with 'great profits', the Bitcoin network/currency is more than just that, but people only want to be allured with promises of wealth.

I think the newcomers are not people who come as in 2017, if there is a price correction they panic and sell it so that the price falls, here ... now .... they may be more mature ...
and not easy to believe in speculations that may not be specific and speculative from experts. Why is that...?! yes....!!! I saw the price of bitcoin after the bounce ... the price did not fall down like the previous year and this may still be a lot of investors who hold on to the basic assumptions when there is a correction

[AndySt]

Correct me if I am wrong, but in the last two months, Bitcoin price had crazy ups and downs... a few times we saw a rise over $60k, drop to around $50k, and then rise again! Well, it's a free market, people (individuals, groups, organizations, corporations...) are free to do what they want!
So who is taking profit!? Who bought a long time before is still in profit! And when the price is dropping it's not time for taking profits, it's time for shorting! Who is shorting?! Well, should I say it again... it's a free market, everyone is free to try it! And I guess some have luck, some don't.... it's a market, free or not someone is always short!

The market can be absolutely free only in the case of the very beginning, when the players have approximately an equal amount of financial resources and then if the state does not interfere in the situation in the person of the financial regulator In other cases, absolute freedom in the market can not occur in principle, because those who have a significant share in the market begin to try to dictate their terms and very often it turns out to do so. Therefore, there is more of a philosophy of how free we are in this world; D Here is the whole question of how confident you are, because a big profit involves big risks and vice versa, a small profit does not require big risks, but is also more stable.

[CaVO32]

There is still opportunity to be part of this great profit that is still on going in the market, if only you can still hold your coins and watch the market very well. Despite the price of bitcoin dropped few days ago does not mean it will continue decreasing in this season. According to some researchers, bitcoin will hit $80k soon before it can allow any altcoin to over the first position in the cryptocurrencies.

The thing is, 'researchers and experts' are sometimes guilty of causing misconception for newcomer investors, Bitcoin could well get to 80k and even over, but this 'experts' are only being speculative, but then go on to make their predictions assertive, this sometimes causes people to 'invest more than what they can afford to lose', or sell in panic when there's a price correction.

Having said that, all one basically needs to do is believe in the network, study it's historical price movements, research on your own and don't associate Bitcoin only with 'great profits', the Bitcoin network/currency is more than just that, but people only want to be allured with promises of wealth.

These so-called experts can say anything they want, but it is up to you how you will manage your portfolio. Are you going to believe whatever they will tell to the public? They are also ordinary people giving some predictions. So it may or may not happen. As crypto market is very unpredictable because of so many factors affecting it, no one can really give you an exact market pricing. Now, it is up to you how you strategize to take advantage of the opportunities. You may lose some, or win some. Either way, it is better to follow your own instincts as it is your own money.

[awik p]

There is still opportunity to be part of this great profit that is still on going in the market, if only you can still hold your coins and watch the market very well. Despite the price of bitcoin dropped few days ago does not mean it will continue decreasing in this season. According to some researchers, bitcoin will hit $80k soon before it can allow any altcoin to over the first position in the cryptocurrencies.

The thing is, 'researchers and experts' are sometimes guilty of causing misconception for newcomer investors, Bitcoin could well get to 80k and even over, but this 'experts' are only being speculative, but then go on to make their predictions assertive, this sometimes causes people to 'invest more than what they can afford to lose', or sell in panic when there's a price correction.

Having said that, all one basically needs to do is believe in the network, study it's historical price movements, research on your own and don't associate Bitcoin only with 'great profits', the Bitcoin network/currency is more than just that, but people only want to be allured with promises of wealth.

These so-called experts can say anything they want, but it is up to you how you will manage your portfolio. Are you going to believe whatever they will tell to the public? They are also ordinary people giving some predictions. So it may or may not happen. As crypto market is very unpredictable because of so many factors affecting it, no one can really give you an exact market pricing. Now, it is up to you how you strategize to take advantage of the opportunities. You may lose some, or win some. Either way, it is better to follow your own instincts as it is your own money.

following my personal instincts and referring to the opinions of others, I think that is the best solution. because then we will find a trading style that suits us. but indeed to be able to analyze properly requires process and experience

[el kaka22]

This is more than just taking a profit, it looks like we are not doing fine at all, it could be a big market correction. I have turned to BUSD yesterday, and many of my friends said I was doing a mistake because the drops until yesterday was just a correction and it would be going up again, but I would have lost another 3 thousand dollars if I kept my money in crypto, I cashed out and now I am all in BUSD.

This is not for getting out completely, I will get back in, I want to get back in, and I will do that if bitcoin goes above 55k again, I will definitely buy at those prices, and you might be asking why buy when it is higher, but I do not buy while it is falling down, I buy when it starts to go up, not at the peak prices, but during the increase itself. 55k is not the peak, 64k is, and I wouldn't go back in there, but if I can buy at 55k and sell at 64k that will be great, however if it fails to go to 55k at least I am fine at BUSD.

[Palllke]

This is more than just taking a profit, it looks like we are not doing fine at all, it could be a big market correction. I have turned to BUSD yesterday, and many of my friends said I was doing a mistake because the drops until yesterday was just a correction and it would be going up again, but I would have lost another 3 thousand dollars if I kept my money in crypto, I cashed out and now I am all in BUSD.

This is not for getting out completely, I will get back in, I want to get back in, and I will do that if bitcoin goes above 55k again, I will definitely buy at those prices, and you might be asking why buy when it is higher, but I do not buy while it is falling down, I buy when it starts to go up, not at the peak prices, but during the increase itself. 55k is not the peak, 64k is, and I wouldn't go back in there, but if I can buy at 55k and sell at 64k that will be great, however if it fails to go to 55k at least I am fine at BUSD.

You think logically. You want to save your money and it's ok. But when you left (turn to BUSD) you push the price down. And A lot of people doing the same. They don't check news or reasons why price is lower than it was yesterday.
I also think like you, but I'm not lucky man and I got burned on this.

[Mauser]

A few people may be wondering about the step drop of bitcoin price these last days. It is quite usual for it to move up and down, although lately it seems that movements are faster than usual.

Just take a wider look to understand:

NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%

Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.

It is good to put the returns into perspective across different asset classes. I think we all know that bitcoins can't rise forever. Markets tend to follow cycles, there will always be an up and down phase. It remains to be seen if we are in a down phase at the moment. Taking profits is fine, but would you really sell your coins for 50,000 Usd when the price was close to 65,000 a week ago? A rally could happen suddenly again, I would keep my coins at the moment.

[Koro-Sensei]

A few people may be wondering about the step drop of bitcoin price these last days. It is quite usual for it to move up and down, although lately it seems that movements are faster than usual.

Just take a wider look to understand:

NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%

Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.

The sudden drop was enormous that it only took a day to drop off from 60K to 50K. Probably a big company dump their reserves plus weak hodlers were intimidated immediately. Although its normal to markets like these, what happened was alarming and news about theories were coming out fast.

[omone1]

The market has performed incredibly well in the past months, correction is needed for a more healthy market. People need to save their health by constantly removing eyes from the market. Sometimes when one is apprehensive, one could quickly sell off and hope to buy lower but will end buying at a higher rate.

[wxa7115]

There is still opportunity to be part of this great profit that is still on going in the market, if only you can still hold your coins and watch the market very well. Despite the price of bitcoin dropped few days ago does not mean it will continue decreasing in this season. According to some researchers, bitcoin will hit $80k soon before it can allow any altcoin to over the first position in the cryptocurrencies.

The thing is, 'researchers and experts' are sometimes guilty of causing misconception for newcomer investors, Bitcoin could well get to 80k and even over, but this 'experts' are only being speculative, but then go on to make their predictions assertive, this sometimes causes people to 'invest more than what they can afford to lose', or sell in panic when there's a price correction.

Having said that, all one basically needs to do is believe in the network, study it's historical price movements, research on your own and don't associate Bitcoin only with 'great profits', the Bitcoin network/currency is more than just that, but people only want to be allured with promises of wealth.

If we are honest most of the people that are coming to the market these days are doing it because they want to get profits, and I do not blame them but the volatility of the market is so high that anyone that only cares about the money is going to get ruined unless he is an expert trader.

It is widely known that those that do well with bitcoin are those that actually believe in the technology and this is because when they see a crash like the one we saw some time ago they do not panic and they can keep holding their coins and they can be part of the recovery we are experiencing right now.

[jacafbiz]

Some people may be taking profit like Tesla did in the Q3 report but the way I see world economy today, there are a lot f free money out there looking for where to invest their money, where in the world do you feel safe to invest your money and give good return like Crypto, Gold, Real Estate are good picks but the return is not close to the huge return from Crypto and I believe those selling now will buy when it is more expensive

[icopress]

Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.

I talked about this last March and I say it again ... 12 years have passed since the last crisis, and since then the world has changed a lot, (in the sense that it is difficult to surprise our generation, therefore, for the economic psychosis, a really new and powerful impulse was needed). Covid, this is exactly what the Lyuli have not encountered for a long time and mass psychosis against this background was an excellent reason to bring down the markets and at the same time make good money.

[tanjiran]

Correction is very necessary for a healthy market, but unfortunately the average correction occurs due to BTC dumping, and this is due to the FUD news. less natural. for those who buy BTC or other coins at a bullish price their psychology is definitely disturbed, and their analysis is needed, and must keep calm.
always wary of the hard enough crypto market is the solution. Don't forget to reward your self, while the market is still good,

Take profit at this time to secure assets is a pretty good choice, the right timings are the people who start who can determine. So, the importance of understanding market analysis is at times like this.
Manage mentally so that it is not easy to panic and greed is also needed. Sometimes that damages the analysis is a grament and less grateful, so often crashes the analysis that has been made before.

For those who buy at the top, it seems to have to be patient or use Cut Loss then look for other alternatives to cover losses.

[Kasabus]

Some people may be taking profit like Tesla did in the Q3 report but the way I see world economy today, there are a lot f free money out there looking for where to invest their money, where in the world do you feel safe to invest your money and give good return like Crypto, Gold, Real Estate are good picks but the return is not close to the huge return from Crypto and I believe those selling now will buy when it is more expensive

Selling off with their bitcoin at this time of correction is still a strategy for some investors to make profits as they have still plans to buy back believing that bitcoin price will go deeper. While some investors are into panic selling more particularly those newbies, other investors are holding their bitcoins even if big correction comes, they won't resort into selling because there are high chances of profits if you'll sell bitcoin when its already in its peak price and not in its deep price.

[mamahdedeh]

Some people may be taking profit like Tesla did in the Q3 report but the way I see world economy today, there are a lot f free money out there looking for where to invest their money, where in the world do you feel safe to invest your money and give good return like Crypto, Gold, Real Estate are good picks but the return is not close to the huge return from Crypto and I believe those selling now will buy when it is more expensive

Selling off with their bitcoin at this time of correction is still a strategy for some investors to make profits as they have still plans to buy back believing that bitcoin price will go deeper. While some investors are into panic selling more particularly those newbies, other investors are holding their bitcoins even if big correction comes, they won't resort into selling because there are high chances of profits if you'll sell bitcoin when its already in its peak price and not in its deep price.

if you pay attention to this kind of thing as if it were a game. when there is a panic sell and most of those who do are small investors as if they are left alone, until there is an opportunity for whales to buy in large quantities and create panic buy and finally got profit