BTC back at 20K. Imagine who sold at 17.7K.

[Tomohisa]

Weak hands are usually new traders looking for short-term profit. I bet most people who sell at $17k range were the same ones who bought when it was over $20k beforehand, thought they could make a profit when it goes higher than $20k and that was the lowest point Bitcoin could get. But when Bitcoin dropped furthermore, along with FUD news, they rather cut loss instead of keep holding.

Without a doubt those people are weak hands however there are simply too many types of weak hands, there are those that bought near the all time high as they thought the price of bitcoin will go up forever and they decide to invest at the worst possible time and then the price went down, however instead of cutting their losses early they refused to accept the reality and kept holding until the price reached a very low price, and instead of simply accepting their mistake and becoming long term holders and use DCA they decided to sell at the worst possible time.

Aside from new traders being weak hands, Panic also set in when they experience a big dump from a price that they have never expected to be reached. Mostly, New traders doesn't know Market Psychology which is an aspect of trading, Having it unknown can make a big impact on trading especially on the current market situation we have.

Yeah, panic is also another force at play here in those weak hands mind. Really, I wonder how can people FOMO so easily when there was DCA strategy that gives you a better way to risk management and lower risk overall? Why would you buy something when it was already increased +xx%. 'It drops down -xx%, can not be anymore lower' and went full in? Panic, FOMO all are the recipe for a disaster.
Reject Panic and FOMO, embrace DCA.

[Captain Corporate]

If people still have doubts about buying bitcoin and not only that but they really want to just sell right now because they think it could go down, then why would we really worry about them at all? The whole internet is filled with messages and posts and videos etc etc telling people to buy right now because the price is awesome, and if you are not doing that, then I am sorry but then you have been warned and you are making a big mistake. All in all, I am fine with my decision, maybe I will profit today, maybe I will profit later on, but I know that it will be a profit in the long run and I will be better off than the guy who sold these days.

[Kasabus]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

Its just that some people resort into panic selling without thinking its consequence. Because they refuse to learn, so expect that they will never survive every time the market is in bearish state. But that's just for those weak hands in the market. The strong hands will always consider studying the market history so they won't resort into decisions that will make them regret later on. The poor become poorer, the wise and rich become richer.

[STT]

No big deal, the uptrend from the bottom price is not confirmed yet and most likely as part of the confirmation we must retrack back to a similar low like 18k.   We can even find a lower price, there is nothing to say thats impossible or even improbable just yet.    Prices on any particular day arent protected from occuring in that moment, abnormal lows can occur just like extremes happen in a storm not normally possible.

[MiF]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

Well sad to say that even if the are expert that says hold for everything about the price is temporary and it can go back to bullish there are still a lot of investors that panic and sell there holdings during the dip. Some people consider the dip us opportunity but some newbies considered it as loss because they are newbies and they don't have a big experienced so they can easily loss because they can also easily get panic.

[Joshapat]

If we already know Bitcoin for at least 2 years then we will not sell in a loss position, I'm sure anyone who sells at $ 17k is a loss, if he wants to wait then he can sell at a higher price, the thing I usually do is put the price at Spot Exchanges with the price that I have raised at least 10%, and this simple technique can keep me profit.

[fullhdpixel]

When the bitcoin market went down yesterday, many people panicked and sold their bitcoins. While they don't think about the imminent reversal of bitcoin, they can see the profits coming their way if they can be patient for a while. The crypto market today is confusing, and we must be careful before deciding. Hopefully, the price will not go back to the lower price and can stay at a price now.

Well, to avoid market confusion is to stop reading the news and following social media as they are somewhat spreading fake news that will affect our minds. And those who trust Bitcoin will live being certain about the good future of Bitcoin but for those who live in uncertainties, it all just to see is a negative view and confusion.
We only have two possible scenarios and that is whether it falls back or continues moving high, and I think we are already prepared for this, are we?

Unfortunately, it is not easy to give it a go at that level, sure it's not going to be impossible, but not checking news, or not checking your social media if it's filled with those kinds of fake news, it is going to be hard. I mean checking twitter daily, in fact few times a day, is a habit of mine and to tell me to stop that would be a boring and difficult affair and I may fail to do it. I would try, but I would fail.

Instead, trying to each people to ignore would be better. For example, I still check it few times a day but I know for a fact that most people are fakes and they are just spreading fake news, shill some stuff they get paid, and that is why we should ignore it.

[Rufsilf]

If we already know Bitcoin for at least 2 years then we will not sell in a loss position, I'm sure anyone who sells at $ 17k is a loss, if he wants to wait then he can sell at a higher price, the thing I usually do is put the price at Spot Exchanges with the price that I have raised at least 10%, and this simple technique can keep me profit.

Perhaps, Bitcoin has been in the market for more than a decade and those who come earlier will tell that Bitcoin will never stay high or low forever as such volatility affects the trend changing its direction if very often. That is the reason why buying at a cheaper price is an opportunity but selling them because of seeing a declining trend is a big mistake. And besides, we come to invest in Bitcoin because of our positive hopes to earn some profit and multiply our money, not to become a reason for our losses.

[peter0425]

If we already know Bitcoin for at least 2 years then we will not sell in a loss position, I'm sure anyone who sells at $ 17k is a loss, if he wants to wait then he can sell at a higher price, the thing I usually do is put the price at Spot Exchanges with the price that I have raised at least 10%, and this simple technique can keep me profit.

Perhaps, Bitcoin has been in the market for more than a decade and those who come earlier will tell that Bitcoin will never stay high or low forever as such volatility affects the trend changing its direction if very often. That is the reason why buying at a cheaper price is an opportunity but selling them because of seeing a declining trend is a big mistake. And besides, we come to invest in Bitcoin because of our positive hopes to earn some profit and multiply our money, not to become a reason for our losses.

that is the same reason why this market specially bitcoin increase its level of support from investors around the world, because of the volatility and the chance to earn but also to lose, we are in the market that is constantly giving us earning and sometime losses ,
so the main idea here is only learn when to Buy and when to keep and when to sell, those 3 movement will help you out in understanding and earning for long term here.

[Lubang Bawah]

Only 2 days the price skyrocketed from $ 17k to $ 20k, who had bought at $ 17k, of course, got a profit of more than 15%, this is Bitcoin that is always interesting and unpredictable, and now we face the next pressure that is the price almost dropped again below $ 20 K, if that happens then I suggest to buy, do not sell when cheap or loss.

[lienfaye]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

Probably investors who sell at loss when the price plunged to $17k are now regretting their decision. Well, its already expected for some weak investors to panic sell because they're afraid of further losses. But as you have said, if these investors are aware of the history then they will keep holding and let this bearish season pass by. Unfortunately not all investors are able to understand how the market really works and one of the reason is lack of knowledge.

Thats why only investors who are knowledgeable about crypto can see the result of being firm to hold. Investors who dont panic sell and willing to wait can be a huge gainer once the bullish season return again.

[Falconer]

Probably investors who sell at loss when the price plunged to $17k are now regretting their decision. Well, its already expected for some weak investors to panic sell because they're afraid of further losses. But as you have said, if these investors are aware of the history then they will keep holding and let this bearish season pass by. Unfortunately not all investors are able to understand how the market really works and one of the reason is lack of knowledge.

Thats why only investors who are knowledgeable about crypto can see the result of being firm to hold. Investors who dont panic sell and willing to wait can be a huge gainer once the bullish season return again.

Instead of saying investors have sold it for $17.7K, I'd rather say they have managed to increase the number of bitcoin in their wallets and hold them for the long term. Investors are much more likely to be holders and they will definitely make a purchase when the price in dip.

The price decline that occurred was the result of a trader's panic, I don't think there were many investors involved there because there was a possibility that the stop loss set by the trader would trigger a sell-off so that the price fell further. But imagine if the investor manages to buy at $17.7K, they've already made another profit on their investment.

[traderethereum]

Only 2 days the price skyrocketed from $ 17k to $ 20k, who had bought at $ 17k, of course, got a profit of more than 15%, this is Bitcoin that is always interesting and unpredictable, and now we face the next pressure that is the price almost dropped again below $ 20 K, if that happens then I suggest to buy, do not sell when cheap or loss.

Yes, that's the power of being patient and holding on to bitcoins and they make a profit if they sell bitcoins for $20k.
Even if they decide not to sell their bitcoins at that price, they will get a bigger chance if the price can break through to even higher prices.
The price dropping again at this time provides an opportunity for us to buy bitcoin again and hold it again.
So if we can do it over and over again, our profit will be bigger because we buy low and sell high.

[$crypto$]

Only 2 days the price skyrocketed from $ 17k to $ 20k, who had bought at $ 17k, of course, got a profit of more than 15%, this is Bitcoin that is always interesting and unpredictable, and now we face the next pressure that is the price almost dropped again below $ 20 K, if that happens then I suggest to buy, do not sell when cheap or loss.

Yes, that's the power of being patient and holding on to bitcoins and they make a profit if they sell bitcoins for $20k.
Even if they decide not to sell their bitcoins at that price, they will get a bigger chance if the price can break through to even higher prices.
The price dropping again at this time provides an opportunity for us to buy bitcoin again and hold it again.
So if we can do it over and over again, our profit will be bigger because we buy low and sell high.

In essence, we have to do it more precisely when we have profited 15% whether we will take it or hold it with a bigger chance of course these two decisions must be right but I myself hold it with greater future opportunities.
Right now the bitcoin price is starting to correct it looks like it will be below $19k I think this needs to be added again with more bitcoins collected, I won't be tempted by the profits now I'm more looking ahead with a much better price for bitcoin later.
Prefer holding on bitcoin.

[Silberman]

Some people panic when the price of bitcoin falls, causing them to suffer losses. People selling bitcoins at $17k that they have no plans to place trades in, or set stop losses. This way, they will have no consistency and will suffer losses that are unavoidable and will keep them out of the market game forever.

When the bitcoin market went down yesterday, many people panicked and sold their bitcoins. While they don't think about the imminent reversal of bitcoin, they can see the profits coming their way if they can be patient for a while. The crypto market today is confusing, and we must be careful before deciding. Hopefully, the price will not go back to the lower price and can stay at a price now.

Well, to avoid market confusion is to stop reading the news and following social media as they are somewhat spreading fake news that will affect our minds. And those who trust Bitcoin will live being certain about the good future of Bitcoin but for those who live in uncertainties, it all just to see is a negative view and confusion.
We only have two possible scenarios and that is whether it falls back or continues moving high, and I think we are already prepared for this, are we?

I think this is an important step, I mean in theory having more information is always a good thing, however when that information is polluted with all kind of fake news which exaggerate what it is happening or just lie about it then it is better to not listen to them and simply concentrate on what it is happening on the charts and use your strategy to navigate the market to the best of your ability, it is not easy but if you have a solid strategy then you can do so without the need to rely on external sources of information that add nothing to your strategy.

[traderethereum]

Only 2 days the price skyrocketed from $ 17k to $ 20k, who had bought at $ 17k, of course, got a profit of more than 15%, this is Bitcoin that is always interesting and unpredictable, and now we face the next pressure that is the price almost dropped again below $ 20 K, if that happens then I suggest to buy, do not sell when cheap or loss.

Yes, that's the power of being patient and holding on to bitcoins and they make a profit if they sell bitcoins for $20k.
Even if they decide not to sell their bitcoins at that price, they will get a bigger chance if the price can break through to even higher prices.
The price dropping again at this time provides an opportunity for us to buy bitcoin again and hold it again.
So if we can do it over and over again, our profit will be bigger because we buy low and sell high.

In essence, we have to do it more precisely when we have profited 15% whether we will take it or hold it with a bigger chance of course these two decisions must be right but I myself hold it with greater future opportunities.
Right now the bitcoin price is starting to correct it looks like it will be below $19k I think this needs to be added again with more bitcoins collected, I won't be tempted by the profits now I'm more looking ahead with a much better price for bitcoin later.
Prefer holding on bitcoin.

I think selling it at 15% profit is enough for us to wait for the price to drop and buy again.
But if we prefer to hold bitcoins because we want to get bigger profits, it won't be a problem not to withdraw profits at this point.
The bitcoin price is currently on a decline and I hope it won't drop below $20k and just stay at its current price level.
I also like holding bitcoin and waiting for the price to increase later.

[fzkto]

Only 2 days the price skyrocketed from $ 17k to $ 20k, who had bought at $ 17k, of course, got a profit of more than 15%, this is Bitcoin that is always interesting and unpredictable, and now we face the next pressure that is the price almost dropped again below $ 20 K, if that happens then I suggest to buy, do not sell when cheap or loss.

Yes, that's the power of being patient and holding on to bitcoins and they make a profit if they sell bitcoins for $20k.
Even if they decide not to sell their bitcoins at that price, they will get a bigger chance if the price can break through to even higher prices.
The price dropping again at this time provides an opportunity for us to buy bitcoin again and hold it again.
So if we can do it over and over again, our profit will be bigger because we buy low and sell high.

This simple rule of buy low and sell high is very difficult to follow. Even if you bought at 18k on the last fall, the price is now falling back to those values and is just over 19k and probably will be 18k again soon. So, if you didn't sell bitcoin at 21k because you wanted to sell at a higher price, you might panic and make mistakes soon. Only a few know how to buy and sell properly, most lose money.

[Oasisman]

Of course many are sorry for panic when selling, and now the price of Bitcoin drops again to around $ 19K, if you look at the trend and price graphics it seems that prices will continue to fall, I wait for a good time to buy because many influencers believe that price correction can be close to $ 15k.

Though prices may have indicated the continued down fall, still there's no guarantee If Btc hits $15k. This is the reason why DCA is always gonna be a good action everytime Bitcoin drops. You're not actually realising that today's current Btc price is already a good time to buy and accumulate more.

[Nrcewker]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

The reason for which Bitcoins are not increasing are these types of people only.
They are always panicking and selling their coins to the whales, and for this the price of the coin never climbs.
Rather they should see this time period as an opportunity and buy as many coins as they can. Instead they are failing to do it so and also hampering Btc’s growth by selling it.
Remember 1 BTC= 1 BTC, so the value will eventually increase.
Yes it may take some time. So we need to show little patience and wait.

[ShowOff]

The reason for which Bitcoins are not increasing are these types of people only.
They are always panicking and selling their coins to the whales, and for this the price of the coin never climbs.
Rather they should see this time period as an opportunity and buy as many coins as they can. Instead they are failing to do it so and also hampering Btc’s growth by selling it.
Remember 1 BTC= 1 BTC, so the value will eventually increase.
Yes it may take some time. So we need to show little patience and wait.

That's how the market works, it has to have two directions and that's why fluctuations are one of the reasons why traders and investors make profits. Traders sell because they have to avoid losses, and that's normal. It is impossible to expect everyone to buy and the market is moving in one direction, so I think the current market conditions are normal.

Some people who dare “including the whales” will buy to maximize the potential profit they will get if in the long term if the price moves up. So because traders follow the direction of the market a lot, panic and hype will be difficult to avoid and that is a dynamic that should be said to be normal for crypto market.