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Author Topic: It feel good to see Bitcoin going well  (Read 944 times)
Masplanc (OP)
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July 28, 2021, 09:22:24 PM
 #1

Some month ago so many people would think Bitcoin will crash , many felt as if  the price will even fall more than it use to be. People were even scared to trade  because they were not sure of the market, but they never knew when it was low that was even the best time to trade . I'm glad to see where the price of Bitcoin have reached presentky, it will be an advantage and good experience to those who took the risk of going into trading and it will also give some others knowledge that fall of Bitcoin is not permanent , definitely it will come up. With this experience have showed that Bitcoin is here to stay, do not panic, trade and make earning

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Vaculin
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July 28, 2021, 10:51:20 PM
 #2

7 out of 10 are most likely they feel worried and even regrets when seeing Bitcoin's price is dropping. It was too hard to control ourselves especially when we are still in doubt and have no faith in Bitcoin. But I'd never seen that these people are in panic selling, though they might felt such worries however they are still able to hold it. That is why we are not able to see the market drops so bad but instead, we saw recoveries after a short dump.
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July 28, 2021, 11:07:51 PM
 #3

The cryptocurrency market has bounced back in a big way since May's lows. Bitcoin is back over $40,000, with many other cryptos following suit. While a run like this makes it very likely that cryptocurrencies will soon go to $100,000 or more, there are many that believe that it could end as soon as this week. For those who have an interest in buying Bitcoin, the 2021 year has brought on plenty of opportunities to make a killing.
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July 28, 2021, 11:31:49 PM
 #4

Some month ago so many people would think Bitcoin will crash , many felt as if  the price will even fall more than it use to be. People were even scared to trade  because they were not sure of the market, but they never knew when it was low that was even the best time to trade . I'm glad to see where the price of Bitcoin have reached presentky, it will be an advantage and good experience to those who took the risk of going into trading and it will also give some others knowledge that fall of Bitcoin is not permanent , definitely it will come up. With this experience have showed that Bitcoin is here to stay, do not panic, trade and make earning

Its a bit relief to see bitcoin pumps after series of dumps happening on it for the past couple of days and now it stabilize at the current point also I think that we can see more from it since bitcoin is showing some good strength right now. I'm just curious on what will happen on bitcoin on  August since it known as Ghost month and mostly bear strikes happen on thag month hopefully we cannot see a huge dip after this month came.

R


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July 28, 2021, 11:44:58 PM
 #5

Its good that we are able to rise again unexpectedly since there’s no big news aside from private institutions coming into this market, and Bitcoin was able to sustain its momentum going up. For now, we have to retest the resistance level and hopefully was able to break it again because if not, sideways trend are more possible. I’m confident that the bottom was already hit and Bitcoin price wont go down below $35k again, hopefully.
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July 28, 2021, 11:51:37 PM
 #6

Some month ago so many people would think Bitcoin will crash , many felt as if  the price will even fall more than it use to be. People were even scared to trade  because they were not sure of the market, but they never knew when it was low that was even the best time to trade .

It's just a common thing to expect especially if those people bought at the peak. What do you think they feel after the bitcoin price crash later on? Be happy?

The crash was an advantage to those who will just make another purchase but not to those who bought at the top and keep their faith holding their bitcoin while crashing. Scared to trade isn't the right thing to call them but they are just doing some safety actions. Of course, they know that buying in a dip is a good thing to do on the crash but they can't just consider doing it because of financial things.
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July 28, 2021, 11:56:08 PM
 #7

Its good that we are able to rise again unexpectedly since there’s no big news aside from private institutions coming into this market, and Bitcoin was able to sustain its momentum going up. For now, we have to retest the resistance level and hopefully was able to break it again because if not, sideways trend are more possible. I’m confident that the bottom was already hit and Bitcoin price wont go down below $35k again, hopefully.

It can still go down to $35k but we need good news to sustain what we have now. But in any case, we need to prepare what's about to come. If we will hear another country considering bitcoin to be legal tender, it may somehow influence the market. Or any major company accepting btc as payment. But for now, let's be grateful that we are heading to the positive direction rather than downward movement as some predicted.
Masplanc (OP)
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July 29, 2021, 05:19:39 AM
 #8


It can still go down to $35k but we need good news to sustain what we have now. .
No panic.. going down or coming up is the nature of the market, the most important thing is one to have understanding and know what to do when it comes down instead of being in intention because of drop in price

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July 29, 2021, 05:44:16 AM
 #9


Short-term fluctuations cannot affect me.
 Hold for life and befriend time.  Grin

Extend the investment time, reduce the number of transactions, and you will find more gains.
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July 29, 2021, 06:11:08 AM
 #10

~
Meh. I wished it could have dropped a bit more so that I could have bought more actually.
Not every increases are good enough. I'll just keep on hold of my fiat and wait for another dip so I could buy more.
On the other side, it is still good to see that we managed to get past 40k.
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July 29, 2021, 06:13:50 AM
 #11

Some month ago so many people would think Bitcoin will crash , many felt as if  the price will even fall more than it use to be.
People never change. They are fearful when they should be gread. They are greed when they should be fearful.

They did not join when Fear & Greed index is 10, days ago, and now when the index is 50, they want to join the market.

https://alternative.me/crypto/fear-and-greed-index/
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July 29, 2021, 08:32:41 AM
 #12

Its good that we are able to rise again unexpectedly since there’s no big news aside from private institutions coming into this market, and Bitcoin was able to sustain its momentum going up. For now, we have to retest the resistance level and hopefully was able to break it again because if not, sideways trend are more possible. I’m confident that the bottom was already hit and Bitcoin price wont go down below $35k again, hopefully.
Well, yeah and this is a natural growth and much more solid than the pumped market a few months back. Let's be honest, we all know why the price went as high as it did a couple of months ago, it was all because of Elon Musk's impact and his support towards Bitcoins and even accepting crypto for Tesla car purchases.

It can still go down to $35k but we need good news to sustain what we have now. But in any case, we need to prepare what's about to come. If we will hear another country considering bitcoin to be legal tender, it may somehow influence the market. Or any major company accepting btc as payment. But for now, let's be grateful that we are heading to the positive direction rather than downward movement as some predicted.
Support from small countries helps in the longer term while small good news from a big nation like the United States can disrupt or pump the market. I always feel organic and sustained growth is far superior to pumping.
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July 29, 2021, 08:43:42 AM
 #13


~

I am a bit cautious about Bitcoins at the moment. After the fake news that Amazon would be allowing all payments in Bitcoins the price rallied above 40,000 USD just to drop again below it once Amazon announced it was not real. Many investors are hoping for a new price rally and buy into any positive news. The risk I am afraid off is that another fake news could send the Bitcoins price crashing. We need to remain critical to not lose money in the hype.
It was just a joke and fake news but it also gains a positive impact on the market even people are knowing that it was not true, the price of Bitcoin still moving high above $40k. Quite surprising how this fake news manipulated the market and pulled it up or this was natural? That finds to be confusing in your side and you need not force yourselves to risk then as the results won't be acceptable, otherwise.

But for this current breakthrough, I can't make myself being confident of this trend, and buying this time is terribly at risk.

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July 29, 2021, 09:03:21 AM
 #14

Some month ago so many people would think Bitcoin will crash , many felt as if  the price will even fall more than it use to be. People were even scared to trade  because they were not sure of the market, but they never knew when it was low that was even the best time to trade . I'm glad to see where the price of Bitcoin have reached presentky, it will be an advantage and good experience to those who took the risk of going into trading and it will also give some others knowledge that fall of Bitcoin is not permanent , definitely it will come up. With this experience have showed that Bitcoin is here to stay, do not panic, trade and make earning
Many were scared to trade but that didn't stop the market to keep trading. Because if most were scared, there won't be any jump that we see lately. Good thing that some good news came and it had moved the feelings of most investors and made them buy again. While the price of bitcoin was quite low during those times, many have a second thought about its recovery but bitcoin proved them wrong and it had showed a sign of bullish run again.

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July 29, 2021, 09:09:30 AM
 #15

Thats how crypto market works. The unexpected bull market makes my hope alive again. If it will reach again $40k I will surely convert some of my holdings into stable coin. Seeing how it can be drastically goes down from new and recent ATH went down to this level, it may possibly goes down again.

With those poweful influencers and those who has huge hold bitcoins can still manipulate bitcoin market but as those long term holders can still wait for the another bull run, whatever fuds will come we still hold.
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July 29, 2021, 09:37:57 AM
 #16

Some month ago so many people would think Bitcoin will crash , many felt as if  the price will even fall more than it use to be. People were even scared to trade  because they were not sure of the market, but they never knew when it was low that was even the best time to trade . I'm glad to see where the price of Bitcoin have reached presentky, it will be an advantage and good experience to those who took the risk of going into trading and it will also give some others knowledge that fall of Bitcoin is not permanent , definitely it will come up. With this experience have showed that Bitcoin is here to stay, do not panic, trade and make earning

Its a bit relief to see bitcoin pumps after series of dumps happening on it for the past couple of days and now it stabilize at the current point also I think that we can see more from it since bitcoin is showing some good strength right now. I'm just curious on what will happen on bitcoin on  August since it known as Ghost month and mostly bear strikes happen on thag month hopefully we cannot see a huge dip after this month came.
Agreed with BTC ranging close to 40K confidence is increased and more people are thinking that this may well be the beginning of a new ATH. It is possible, though, nothing like this ever happened before so it will interesting to see if BTC market keeps to it's history or if it will make new history.

As for Ghost month, personally, have not seen a believable correlation between the 7th month and BTC price, and it would again be interesting to see where August takes us...
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July 29, 2021, 10:04:35 AM
 #17

Agreed with BTC ranging close to 40K confidence is increased and more people are thinking that this may well be the beginning of a new ATH. It is possible, though, nothing like this ever happened before so it will interesting to see if BTC market keeps to it's history or if it will make new history.
When people feel too optimistic and don't see risk, it is one of riskiest time to join the market. Long term it is not risky but most of people join the market don't have long term vision and they won't plan to hold Bitcoin more than a few months.

Quote
As for Ghost month, personally, have not seen a believable correlation between the 7th month and BTC price, and it would again be interesting to see where August takes us...
Is it true? Ghost month does not mean anything to Western nations? Do you know how big the capital on the market belongs to Eastern nations? If they don't contribute too big capital on the market, the Ghost month does not have big effects on global market.

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tygeade
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July 29, 2021, 01:08:22 PM
 #18

It indeed feels good to see the price doing well because when the price is going up, I believe no one apart from traders who do short selling can lose anything. As much I am happy with people making profits with Bitcoin going up or doing good, I am disheartened by the lack of faith we have in Bitcoin in bad times. There were negative comments all over the internet and people were talking shit on social media regardless of knowing that Bitcoin does behave like this every year.

We just need little patience and that could be gained by looking at the price charts for every year. We went ballistic from 10k to 60k and guys at some point a correction, followed by a bear run was almost certain to happen.

Fesatmas
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July 29, 2021, 03:42:29 PM
 #19

This is a relatively natural thing, because every time a decline occurs, it clearly causes concern for those who have assets in it. As for those who are just starting out, it would be great if they could take full advantage of the Bitcoin correction conditions at that time. There is always a role for each that continues at any time. Namely the seller and the buyer. both have different expectations if Bitcoin conditions are correcting or in a bullish state.

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July 29, 2021, 03:59:04 PM
 #20

A few bad news came out at the same time which has to lead to a massive dump for the Bitcoin price. On the other hand, traders become much panic due to this bad news. But in the end, Bitcoin starts to recover due to Amazon's fake news. Although the news was fake still seems Bitcoin is well played and traders aren't panic as well. After that observation, I believe patient traders are the winner. Patience is the key to trading. Volatile will always exist in Bitcoin price. So we have to trade by accepting this volatility.

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