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

[Yaunfitda]

Anyone seen the market goes below $19k again?

So the whales continue to sold specially those who bought at $20k+ or will the market continue to decline and hit $17k again?

Really hard to see the market progresses though, on the other hand we wanted to see some growth to at least $25k. Or maybe this news affected the market in the last 24 hours:  CFTC brings $1.7B fraud case involving Bitcoin against South African national.

[1715114001]

1715114001

[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.

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.

Currently, the bitcoin price is back down to $19k and is still holding there.
But hopefully next week, the price will be able to move up again so we can get profit again.
Right now, it would be better if you could hold your bitcoins and make some more purchases, as the price is still below.
But even so, you can wait a while to see if the price will drop again or will it bounce up.
That way, we can know what to do with what is happening in the market.

[ImThour]

You need to be out of your mind to sell BTC at 17.7k, a level which is below Bitcoin's realized price.
If someone bought at $40k and is selling at $20k, he is taking a loss of 50% which is absurd.

According to me, people should set a specific % of loss they can take from an investment even in spot buying.
Like, I buy BTC at $50k, If it goes to $45k, I sell at a loss of 10% and later buy it when it goes below.

That is surely the best option.

[BlackBaron]

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

We're in high spirits as Bitcoin continues to dip to the bottom, $19k already touched. Just need time to see $17-10k speculation, it is interesting to develop that this is not the end of everything, it needs understanding for those who know the origins of Bitcoin and the real game.

[wiss19]

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.

It's still a good thing if you are aware of the fake and negative news circulating around because you can warn others who are not good at analyzing it. Not all information are fake therefore you can still grab the legit ones and incorporate it with your current strategy that you are using which is more on technical because you said you will be using the charts.

I believe that having a two strategy is still better than one. That can greatly increase your chance of earning a nice profit. On the other hand btc price is still stable around 19k to 20k usd. Those who sold at 17k are probably regretting and crying now, well that was their fault of not trusting bitcoin.

[proudhon]

I just finished some complex scientific and mathematical modeling and have confirmed in a proven way that the price of bitcoin will never be $20k or above for more than 30 consecutive days at any point in the next 5 years.

[odolvlobo]

I just finished some complex scientific and mathematical modeling and have confirmed in a proven way that the price of bitcoin will never be $20k or above for more than 30 consecutive days at any point in the next 5 years.

... assuming your model is accurate, of course.

[kensaii]

I sold at 18K that I purchased @ 23K but I’m in profit by doing that because I short Bitcoin during that time because there’s a lot of fud that time including Fed hike and bullshit crypto shenanigans like Celcius freezing account and coinbase decreasing manpower. Not all people is in loss when at that price since many traders is shorting the market which is responsible for strong sell pressure in the market that time. 

This seems right. Anyone who brought at $40k would sell when the price goes lower than that, $35k-$30k to cut loss rather losing more. Same with anyone who brought around $30k. Panic and cut loss is normal so if people in this thread can't understand why would anyone sold at 17.7K, they wouldn't really understand how the market works. Fear indicates investor's stand.

[Jocuserious]

This is crypto life history because a panic seller won’t take risk then they wanna sold quickly. In terms of points, panic investors always try to make a profit and when the crypto market is down they sell all the tokens so that there is no loss. However, in that case there is a risk for a new project because the investors are removed from that project due to excess dumping.

[sana54210]

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.

Just because it had a small fall, doesn't mean that it will continue to go down. I know that it's going to be quite difficult to believe that the price would be fine, because we have seen it do badly in the past few days, but we have also seen it go up to 21k and not many people really believed it would go to 50k during that time neither.

So, if you do not think that price reaching from 17k to 21k doesn't mean going to 50k, then you shouldn't believe it going from 21k to 19k meaning it will go to 15k neither. Just focus on what you could control, and the price drops are not something in your power to control, so only focus on what would you do if it did, not will it do that.

[Ziskinberg]

This is crypto life history because a panic seller won’t take risk then they wanna sold quickly. In terms of points, panic investors always try to make a profit and when the crypto market is down they sell all the tokens so that there is no loss. However, in that case there is a risk for a new project because the investors are removed from that project due to excess dumping.

Perhaps, not all are able to hold longer, some got panic too easily and then sell. In fact, this situation wasn't new to us, many are buying high and then selling low, impatient people easily got tricked with the market pump but were too worried when it dump.

It is somewhat to say that not all are able to understand the market volatility, many are still vulnerable to their emotions which is a very common issue why they fail.

[dragonvslinux]

You need to be out of your mind to sell BTC at 17.7k, a level which is below Bitcoin's realized price.
If someone bought at $40k and is selling at $20k, he is taking a loss of 50% which is absurd.

Last months selling wasn't driven so much by short-term holders of the past year however, there were 1-2 year and 3-5 year holders selling as well. A lot of those 1-2 year holders bought around $10K prices levels, so I can understand selling at $20K, even below it, if they feel prices are going to return to $10K. Especially if they already sold percentages around $60K, $40K, etc, so as to average out of the market.

Then if you look at the 3-5 year holders, from mid 2017 to mid 2019, they were buyers anywhere from $3K to $20K, many around $4K or $6K to $8K based on volume in that time period. So while I agree selling while price is considerably oversold isn't the smartest move, many aren't willing to wait around for price to potentially reverse to $30K or $40K, etc, as they are clearly aware price could drop down to $10K with current economic environment before that happens. The same dynamic occurred with 1 year+ holders selling when price dropped to $4K in 2018, for many it was a time to panic sell in case price went much much lower.

The reality is long-term holders (especially 3-5 years) aren't going to be selling because it's a bad month, but more so because it looks like a bad year, regardless of whether price rebounds 50-100% in the short-term. In the same way they wouldn't have been buying 3-5 years ago because the month ended well, but because the saw an opportunity that clearly they don't see anymore (or at least at present).

Overall it's a small percentage of long-term holders selling, but this helps to explain how price can get so oversold, as opposed to short-term holders who are more likely to wait for a rebound for selling...

[Epaper]

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.

Usually for beginners who invest in crypto or bitcoin they always panic when they see the market plummeting. However, for experienced investors, they will definitely take advantage of opportunities when the bitcoin price drops to collect bitcoins and make profits. Even in a downtrend, investors who have polished their analytical technical skills can profit by using knowledge to predict short-term moves and capitalizing on them by buying lows and selling highs.

[GeorgeJohn]

I just finished some complex scientific and mathematical modeling and have confirmed in a proven way that the price of bitcoin will never be $20k or above for more than 30 consecutive days at any point in the next 5 years.

so from your understanding and observations in Bitcoin, you are informing us that through your practical analysis Bitcoin is going be experiencing another down fall. Which approximately it will fall below twenty thousand (20k) which can take us to eighteen thousand (18k) and something like twelve thousand (12k). I have come across of many people emphasising on twenty thousand (12k). That it will be the last bus stop of bitcoin falling before rising. Can someone make a preferable analysis of that, so that we can believe with formative elaboration.

[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.

Usually for beginners who invest in crypto or bitcoin they always panic when they see the market plummeting. However, for experienced investors, they will definitely take advantage of opportunities when the bitcoin price drops to collect bitcoins and make profits. Even in a downtrend, investors who have polished their analytical technical skills can profit by using knowledge to predict short-term moves and capitalizing on them by buying lows and selling highs.

I cannot really blame newbies for panicking as the movements of the market can be way more extreme than what we see with any other asset, however even if they make a mistake or two the next step is to learn from them, and that is where things go wrong as the majority of the newbies never progress any further and keep making the same mistakes over and over again, and that is how they lose most of their capital without even realizing what is what happened for them to reach that point.

[Tony116]

This is crypto life history because a panic seller won’t take risk then they wanna sold quickly. In terms of points, panic investors always try to make a profit and when the crypto market is down they sell all the tokens so that there is no loss. However, in that case there is a risk for a new project because the investors are removed from that project due to excess dumping.

No matter how many times history repeats itself, this will continue to happen. There will be people who panic selling at low prices and there will be gullible people who keep buying at low prices as long as there are sellers.

This is how the market works, money from the pockets of inexperienced people who are afraid of losing money will be transferred to those who are eager to learn and have experience.

[cryptomaniac_xxx]

This is crypto life history because a panic seller won’t take risk then they wanna sold quickly. In terms of points, panic investors always try to make a profit and when the crypto market is down they sell all the tokens so that there is no loss. However, in that case there is a risk for a new project because the investors are removed from that project due to excess dumping.

No matter how many times history repeats itself, this will continue to happen. There will be people who panic selling at low prices and there will be gullible people who keep buying at low prices as long as there are sellers.

This is how the market works, money from the pockets of inexperienced people who are afraid of losing money will be transferred to those who are eager to learn and have experience.

Because we are in a cycle, those people who panic sells then gain experience, then a fresh set of players comes in, then will go on the same route to panic sell.

Yeah, but those who have enough experience now will change their strategy, so it's a never ending way to make money out of the pockets of inexperience traders. Sounds bad, but we know that sooner or later they will know how to make money for themselves, and so it's goes on.

[sayaya17]

This is crypto life history because a panic seller won’t take risk then they wanna sold quickly. In terms of points, panic investors always try to make a profit and when the crypto market is down they sell all the tokens so that there is no loss. However, in that case there is a risk for a new project because the investors are removed from that project due to excess dumping.

No matter how many times history repeats itself, this will continue to happen. There will be people who panic selling at low prices and there will be gullible people who keep buying at low prices as long as there are sellers.

This is how the market works, money from the pockets of inexperienced people who are afraid of losing money will be transferred to those who are eager to learn and have experience.

Because we are in a cycle, those people who panic sells then gain experience, then a fresh set of players comes in, then will go on the same route to panic sell.

Yeah, but those who have enough experience now will change their strategy, so it's a never ending way to make money out of the pockets of inexperience traders. Sounds bad, but we know that sooner or later they will know how to make money for themselves, and so it's goes on.

Everyone must have experienced a panic sell, and this is normal, especially for newbies who do not have the knowledge and experience.
So every market dump there will be people who panic sell, that's what sometimes makes the market experience a drastic decline. Therefore,
it is very important for us to learn from every mistake we make, and not to repeat it again. It's okay to sell Bitcoin at a low price, if in the end
it can make us realize what a good investment should be. Sometimes for some people it is necessary to have a bad experience first to be able
to understand how the crypto market works. Because to be a successful investor, that doesn't mean we can't make mistakes at all.
However, the successful investor is a person who can learn from every mistake he makes.

[Mpamaegbu]

Some people are simply born weak. I'm confused why some people are in panic when Bitcoin fell to $20,000 as if it's their first time experiencing a bear season. But even to those who are first timers in the market, haven't they seen the overall Bitcoin chart? I'm really confused. Haven't they seen the price history of Bitcoin? Even to first timers, they should have heard for once that the price of Bitcoin has always been following bullish and bearish cycles.

You say all that because you now have the expertise of a veteran and patience of a firm believer in Bitcoin. I bet you also panicked expectedly as a noob when you witnessed for the first time Bitcoin dip. If you didn't, I did. Anyone observing Bitcoin plummeting will panic because of its volatility when it does that. So, I don't blame any noob investor who panics because of that. My blame and disappoinment will be on veterans who should know the modus operandi of Bitcoin. It's always after the rain comes the shine – in this case, after the bull comes the bear. It's a circle.

[Tony116]

~

Because we are in a cycle, those people who panic sells then gain experience, then a fresh set of players comes in, then will go on the same route to panic sell.

Yeah, but those who have enough experience now will change their strategy, so it's a never ending way to make money out of the pockets of inexperience traders. Sounds bad, but we know that sooner or later they will know how to make money for themselves, and so it's goes on.

It is true that this is the life cycle of the crypto market. No matter how hard we try, we are powerless to help them, no one can teach them experience, only they and the market will teach them how to be more mature in this market.

For the newbies, as long as they remain interested in the market when this sale season is over, I'm sure they will be the next generation of market winners. Some will leave the market forever, those who stay will see how the market works and they will know what to do for the next bear season.