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Author Topic: How do you manage Bitcoin price now  (Read 1100 times)
michellee
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November 27, 2021, 06:36:41 AM
 #61

It was very sad seeing the support becoming very weak after several days of providing defense against a fall. The moment it was broken, everything fell so easily. I was not expecting things to just freely fall like that.

We are going farther and farther from the $100,000 target within this year. But it seems we have developed a strong support at $53,500. I hope this one holds and could serve as a launch pad when things begin to consolidate and bounce.
Yes, it is. Hopefully, this is the last correction for bitcoin so then the price will start to increase. It will be no problem if the price can not jump to the high price instead of just increasing slowly because that means the price is still getting support from people and will increase at the right time.

The price can go back to $54k now, so I hope the price can sustain at this price for a while, at least, until this weekend and in the next week, the price will increase higher. We have another good chance to buy back more amount so we should use this time to accumulate more satoshi before the price increases.
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November 27, 2021, 09:31:14 AM
 #62

It is really hard to manage the price of bitcoin today. There is an excitement and at the same time fear, for now I was just waiting for the btc to recover I also buy a small amount of btc while waiting for it to blow to the next level of ATH. There are still a lot of strategy to earn there are a lot of altcoins that can make us earn today so never put an egg in one basket because there are a lot of opportunities today.
For me , I think that if you truly believe this coin and trust the future , then this is the opportunity to Buy and buy more, actually Discount is offered already now. from 60k the price now stands to 54k and that is at least almost 10% lower.

Bad for me because i have left nothing and all are already Inside my holdings , but if this movement continues until my Holiday Bonus and 13th month pay releases then for sure i will invest 70% of them all in bitcoin.

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BITCOIN4X
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November 27, 2021, 10:35:12 AM
 #63

It should be on this way on which you wouldnt really stress out yourself too much yet this would really lose your cool if you do mind always much seriously on what to do.When it comes to management then this is something really hard because of the unpredictability of this market which simply means that that you should prepare plans A B C's whenever a certain analysis would really fail out and its normal.
Just dont try to be perfectionist then you should be fine.
I agree, I'm not trying to be perfect but just trying to take advantage of opportunities. Market volatility was taken into account for this strategy to work well for me and may not work for others. Like most others, the strategy of buying on a correction is the best way to collect more bitcoin and volatility will provide an opportunity for us to profit.

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TinaK
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November 27, 2021, 10:02:52 PM
 #64

It should be on this way on which you wouldnt really stress out yourself too much yet this would really lose your cool if you do mind always much seriously on what to do.When it comes to management then this is something really hard because of the unpredictability of this market which simply means that that you should prepare plans A B C's whenever a certain analysis would really fail out and its normal.
Just dont try to be perfectionist then you should be fine.
I agree, I'm not trying to be perfect but just trying to take advantage of opportunities. Market volatility was taken into account for this strategy to work well for me and may not work for others. Like most others, the strategy of buying on a correction is the best way to collect more bitcoin and volatility will provide an opportunity for us to profit.
No one can act perfectly when it comes to bitcoin prediction, even though there's a correction still we don't know when the correction will stop.
But if we saw a down price after a bullish trend, that is normal because as we can always see, after the price was massively increased it will always have the opposite reaction, the downside. You can manage yourself to become more patient at all times and never sell during the price goes down. That is how I can manage my bitcoin during having a short correction.
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November 28, 2021, 03:41:47 AM
 #65

It is really hard to manage the price of bitcoin today. There is an excitement and at the same time fear, for now I was just waiting for the btc to recover I also buy a small amount of btc while waiting for it to blow to the next level of ATH. There are still a lot of strategy to earn there are a lot of altcoins that can make us earn today so never put an egg in one basket because there are a lot of opportunities today.
price rises and prices fall have been a part of bitcoin's life, and this will forever be the case. when the price is going up people who have bitcoin will feel happy because they have the opportunity to sell at a higher price, and when the price is down new potential investors will feel happy because they can get bitcoin at a lower price. what we have to do is take advantage of opportunities as well as possible because market conditions are very difficult to predict.

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November 28, 2021, 06:53:49 AM
 #66

It is really hard to manage the price of bitcoin today. There is an excitement and at the same time fear, for now I was just waiting for the btc to recover I also buy a small amount of btc while waiting for it to blow to the next level of ATH. There are still a lot of strategy to earn there are a lot of altcoins that can make us earn today so never put an egg in one basket because there are a lot of opportunities today.
price rises and prices fall have been a part of bitcoin's life, and this will forever be the case. when the price is going up people who have bitcoin will feel happy because they have the opportunity to sell at a higher price, and when the price is down new potential investors will feel happy because they can get bitcoin at a lower price. what we have to do is take advantage of opportunities as well as possible because market conditions are very difficult to predict.
Growth and fall are both part of any investment , specially in this volatile market .

also this is a great example to show how Strong and active the area of profiteering is, because in this case we can see people are adding and withdrawing in which helps the crypto market extend their popularity over the years.

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November 29, 2021, 01:28:49 AM
 #67

It was very sad seeing the support becoming very weak after several days of providing defense against a fall. The moment it was broken, everything fell so easily. I was not expecting things to just freely fall like that.

We are going farther and farther from the $100,000 target within this year. But it seems we have developed a strong support at $53,500. I hope this one holds and could serve as a launch pad when things begin to consolidate and bounce.
Yes, it is. Hopefully, this is the last correction for bitcoin so then the price will start to increase. It will be no problem if the price can not jump to the high price instead of just increasing slowly because that means the price is still getting support from people and will increase at the right time.

The price can go back to $54k now, so I hope the price can sustain at this price for a while, at least, until this weekend and in the next week, the price will increase higher. We have another good chance to buy back more amount so we should use this time to accumulate more satoshi before the price increases.

Black Friday sale is now done with Bitcoin. Bitcoin at $53,000 was really a steal. Good job for those who were able to take the opportunity and bought at that highly discounted price. Today, Bitcoin is showing some green candles. The price has even breached $58,000. Right now, it has fallen a little and stayed at $57,700.

Although I am not very comfortable with its situation right now, I am hoping that since December is coming and it is a pretty much good month for Bitcoin the price would at least get back above $60,000.
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November 29, 2021, 05:37:15 AM
 #68

It was very sad seeing the support becoming very weak after several days of providing defense against a fall. The moment it was broken, everything fell so easily. I was not expecting things to just freely fall like that.

We are going farther and farther from the $100,000 target within this year. But it seems we have developed a strong support at $53,500. I hope this one holds and could serve as a launch pad when things begin to consolidate and bounce.
Yes, it is. Hopefully, this is the last correction for bitcoin so then the price will start to increase. It will be no problem if the price can not jump to the high price instead of just increasing slowly because that means the price is still getting support from people and will increase at the right time.

The price can go back to $54k now, so I hope the price can sustain at this price for a while, at least, until this weekend and in the next week, the price will increase higher. We have another good chance to buy back more amount so we should use this time to accumulate more satoshi before the price increases.

Black Friday sale is now done with Bitcoin. Bitcoin at $53,000 was really a steal. Good job for those who were able to take the opportunity and bought at that highly discounted price. Today, Bitcoin is showing some green candles. The price has even breached $58,000. Right now, it has fallen a little and stayed at $57,700.

Although I am not very comfortable with its situation right now, I am hoping that since December is coming and it is a pretty much good month for Bitcoin the price would at least get back above $60,000.
Finally, the price can go back to the $57k level for now and I believe that will still increase in the next month. I use my time to buy more at $55k, well, that is not the lowest price I could buy but here I am making a profit if I sell it now. But I will wait for some time or I will sell some fraction and convert it into fiat because we are now at the end of the month which means, I need to pay my bills Grin

The bitcoin price now seems to want to hold the price not to go up or down for more. I do not know for sure because now is a critical moment for bitcoin at the end of this month. Hopefully, this day can give more for bitcoin to increase and back to $60k before the end of this month.
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November 29, 2021, 07:57:36 AM
 #69

^^ Yeah, at least we have seen the price bounce back to $57k and hopefully it will not be another bear trap being set up by speculators and the run will continue and lead up to the next psychological barrier which is $60k. At least December will still be very bullish for us and who knows, we can still end the year at $70k-$80k with a huge green candle every week till the last week and then looking forward for another great year in 2022.

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November 29, 2021, 09:52:19 AM
 #70

^^ Yeah, at least we have seen the price bounce back to $57k and hopefully it will not be another bear trap being set up by speculators and the run will continue and lead up to the next psychological barrier which is $60k. At least December will still be very bullish for us and who knows, we can still end the year at $70k-$80k with a huge green candle every week till the last week and then looking forward for another great year in 2022.
Were not sure but who knows, right? It is something to think and says it was a bear trap for those who never invest at this price and waiting for more drops. We could predict that next year will be for another great year of Bitcoin and that seems possible since the adoption continues making huge demand at the same time.
Once the market breaks for another new ATH $80k, we could think it was easier to reach $100k also. I'm very positive about the incoming but then, it has no way to expect much. 

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November 29, 2021, 09:54:01 AM
 #71

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

The support is strong this year compared to another year before, it bounced multiple times when the chart looks like going to falling deep.
So i think it's okay to keep buying when the price is dropping more than 10%, that's already the dip for me.
I still have a full confident of crypto moreover bitcoin this year because it has really strong fundamental
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November 29, 2021, 02:12:04 PM
 #72

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?
to prevent risk it's always good to stay away on this kind of situation. Because the movement is unpredictable, even we say you just want a quick profits because there's a bunch of false break out and etc it's still not safe.., but unless if you're skilled in such situations perhaps you can survive, if not better to stay away and wait for the bull to take over again, that's a good idea in my personal opinion especially if you don't how to do shorting because for sure most traders nowadays that's the only choice to obtain good profits despite of the current situation...  Cheesy

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November 29, 2021, 03:03:57 PM
 #73

^^ Yeah, at least we have seen the price bounce back to $57k and hopefully it will not be another bear trap being set up by speculators and the run will continue and lead up to the next psychological barrier which is $60k. At least December will still be very bullish for us and who knows, we can still end the year at $70k-$80k with a huge green candle every week till the last week and then looking forward for another great year in 2022.
Were not sure but who knows, right? It is something to think and says it was a bear trap for those who never invest at this price and waiting for more drops. We could predict that next year will be for another great year of Bitcoin and that seems possible since the adoption continues making huge demand at the same time.
Once the market breaks for another new ATH $80k, we could think it was easier to reach $100k also. I'm very positive about the incoming but then, it has no way to expect much. 
A bear trap or a real bearish .. nobody know right?  Grin , it's always about uncertainity at this point as the market swinging still. i personally more to a real bearish ahead , brace yourself. there might be a bull trap instead with these 5percent up daily but its been more than 20% dropped weekly now.

31 days to go till the new year arrive and people start dumping some of their coins , some might bought more but yeah its nee year and people need some cash to celebrate it in style.

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November 29, 2021, 09:37:29 PM
 #74

to prevent risk it's always good to stay away on this kind of situation. Because the movement is unpredictable, even we say you just want a quick profits because there's a bunch of false break out and etc it's still not safe.., but unless if you're skilled in such situations perhaps you can survive, if not better to stay away and wait for the bull to take over again, that's a good idea in my personal opinion especially if you don't how to do shorting because for sure most traders nowadays that's the only choice to obtain good profits despite of the current situation...  Cheesy
There are situations where it drops because of manipulators as well, not all increases are dead cat bouncing or fake breakouts, sometimes it is legit what the market wants and that is how you learn that manipulators are the ones behind the fall. If we do not buy then how would it ever go up? If you don't buy, and I don't buy and he doesn't buy then we are going to constantly go down. Which is why I believe that prices going up even during these bad days are very important, it is proof that people want the price to go up.

This is why I do not care what the price is doing, I end up buying no matter when, plus buying when it is lower is a great way to make a profit as well. Since, it is low right now, even if it doesn't recover right away, it just doesn't make sense to me that we would be losing a ton of money here, just keep on making a profit from buying lower and you will be fine.

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November 29, 2021, 09:44:24 PM
 #75

^^ Yeah, at least we have seen the price bounce back to $57k and hopefully it will not be another bear trap being set up by speculators and the run will continue and lead up to the next psychological barrier which is $60k. At least December will still be very bullish for us and who knows, we can still end the year at $70k-$80k with a huge green candle every week till the last week and then looking forward for another great year in 2022.
Were not sure but who knows, right? It is something to think and says it was a bear trap for those who never invest at this price and waiting for more drops. We could predict that next year will be for another great year of Bitcoin and that seems possible since the adoption continues making huge demand at the same time.
Once the market breaks for another new ATH $80k, we could think it was easier to reach $100k also. I'm very positive about the incoming but then, it has no way to expect much. 
A bear trap or a real bearish .. nobody know right?  Grin , it's always about uncertainity at this point as the market swinging still. i personally more to a real bearish ahead , brace yourself. there might be a bull trap instead with these 5percent up daily but its been more than 20% dropped weekly now.

31 days to go till the new year arrive and people start dumping some of their coins , some might bought more but yeah its nee year and people need some cash to celebrate it in style.
No one really knows honestly and to those people who do claim that they do then its definitely a scam.No human on this world could able to predict on where prices could possibly move.

Managing your position wont really be that simple and its true that this is something would be hard and requires lots of experience which would really be ending up on trial and errors.

Whether bearish or bullish run then you should know on what you gonna do.

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November 30, 2021, 01:07:53 AM
 #76

It was very sad seeing the support becoming very weak after several days of providing defense against a fall. The moment it was broken, everything fell so easily. I was not expecting things to just freely fall like that.

We are going farther and farther from the $100,000 target within this year. But it seems we have developed a strong support at $53,500. I hope this one holds and could serve as a launch pad when things begin to consolidate and bounce.
Yes, it is. Hopefully, this is the last correction for bitcoin so then the price will start to increase. It will be no problem if the price can not jump to the high price instead of just increasing slowly because that means the price is still getting support from people and will increase at the right time.

The price can go back to $54k now, so I hope the price can sustain at this price for a while, at least, until this weekend and in the next week, the price will increase higher. We have another good chance to buy back more amount so we should use this time to accumulate more satoshi before the price increases.

Black Friday sale is now done with Bitcoin. Bitcoin at $53,000 was really a steal. Good job for those who were able to take the opportunity and bought at that highly discounted price. Today, Bitcoin is showing some green candles. The price has even breached $58,000. Right now, it has fallen a little and stayed at $57,700.

Although I am not very comfortable with its situation right now, I am hoping that since December is coming and it is a pretty much good month for Bitcoin the price would at least get back above $60,000.
Finally, the price can go back to the $57k level for now and I believe that will still increase in the next month. I use my time to buy more at $55k, well, that is not the lowest price I could buy but here I am making a profit if I sell it now. But I will wait for some time or I will sell some fraction and convert it into fiat because we are now at the end of the month which means, I need to pay my bills Grin

The bitcoin price now seems to want to hold the price not to go up or down for more. I do not know for sure because now is a critical moment for bitcoin at the end of this month. Hopefully, this day can give more for bitcoin to increase and back to $60k before the end of this month.

This is the end of the month already. There's no $60,000 most likely. It will have to wait until December. It's coming anyway.

But I am still counting on a new ATH within December. $60,000 is one tiny goal for the last month of 2021. The year should be closed with a bang. Even if $100,000 is already out of play within the year I am still bullish for Bitcoin's last hurrah.

The amount that you convert for your bills this month could pay your one year bill in the near future. Lol.
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November 30, 2021, 09:10:26 PM
 #77

I agree, I'm not trying to be perfect but just trying to take advantage of opportunities. Market volatility was taken into account for this strategy to work well for me and may not work for others. Like most others, the strategy of buying on a correction is the best way to collect more bitcoin and volatility will provide an opportunity for us to profit.
No one can act perfectly when it comes to bitcoin prediction, even though there's a correction still we don't know when the correction will stop.
But if we saw a down price after a bullish trend, that is normal because as we can always see, after the price was massively increased it will always have the opposite reaction, the downside. You can manage yourself to become more patient at all times and never sell during the price goes down. That is how I can manage my bitcoin during having a short correction.
This is what gets many new traders in problems, can a trading system predict what the market will do? Of course, but the problem is that new traders want to be able to do this 100% of the time and this is not possible, some margin of error must be accepted in any trading system.

There are systems that are highly accurate as they wait for very specific circumstances in the market to happen and the trader only keeps their trade open until their objective is reached,  while there are others that are less accurate but that can still give profits by being able to ride a bull market almost entirely and as such they can endure multiple small losses in a row, but no system can be 100% accurate and unfortunately some traders believe they can pull this off only to realize too late this is not the case.
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November 30, 2021, 09:50:54 PM
 #78

This is the end of the month already. There's no $60,000 most likely. It will have to wait until December. It's coming anyway.

But I am still counting on a new ATH within December. $60,000 is one tiny goal for the last month of 2021. The year should be closed with a bang. Even if $100,000 is already out of play within the year I am still bullish for Bitcoin's last hurrah.

The amount that you convert for your bills this month could pay your one year bill in the near future. Lol.
It may not be around for right now, but I am sure it is going to happen soon. We just need to wait, hell maybe before it is midnight in some nation it could become 60k? I do not know but I hope that it will be doing a lot better very soon. Maybe not this month, but early in December? It looks quite possible for now. I do not know what to expect at this point, it looks like we could maybe reach to a position where it would be a lot better, but at the same time I am worried that it may not become something that I would be expecting it to become that easily.

Let's wait for it to unravel a bit more, if it drops then it drops and it is still fine, if it doesn't drop then we may get some bull run during December month. It is very vital to get into the new year with a great increase, it would help boost morale and keep the increase going for the next year.

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November 30, 2021, 10:16:15 PM
 #79

Ever since that I know Bitcoin and start to trust this project, I'm no doubt that my trust is intact. All the changes, like the dump and pump scenario, are a part of the market issues and it never changes anything for me coz I understand and I think that we are all aware of the volatility of the market that made this thing. Should we have to worry about this? NO, because even in the stock market, price fluctuations are still present and we can't hold that nor stop it forever. Because this is the reality in crypto and this it gives attractions.
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November 30, 2021, 10:19:51 PM
 #80

Ever since that I know Bitcoin and start to trust this project, I'm no doubt that my trust is intact. All the changes, like the dump and pump scenario, are a part of the market issues and it never changes anything for me coz I understand and I think that we are all aware of the volatility of the market that made this thing. Should we have to worry about this? NO, because even in the stock market, price fluctuations are still present and we can't hold that nor stop it forever. Because this is the reality in crypto and this it gives attractions.

Indeed! The up and down movement is a normal trend in any market. But with bitcoin, we all know that even if there are bearish seasons, we can confidently say that it will not disappear overnight as its position in the market has long been established. Unlike with new alts, we have some hesitations because we don't know how long they will stay in the market, because in some cases, once the dev team got their pockets full, they will abandon the project and disappear.
So if you are a believer of btc, if the price is going down and you can afford to hold, then hold. Because it is not always going down, it will go up again once good news starts rolling again.
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