A little profit for $17k+ buyers

[worle1bm]

Yeah at this time there is little profit for those who have invested above $17k also but not too much as the price volatility is there and any FUD can divert the prices low so we could see panic sell again.

For example if someone has invested $100 at $17500 he would have 0.00571BTC and now prices are above $23K so his investment is already up with profits so holding definitely pays off.

[South Park]

I think what is happening in the price of bitcoin is correction from the bear the price has witnessed since the past three months. The price kept dropping from $40k and hanged around $30k for a long time before seeing the down of $20k . So right now with the little move up we can still see it more in the week before the bear comes back because the price is likely to stay down till we approach next halving.

So basically what you are saying was it's all just a bull trap hoping someone would dump or let's just say to remove the weak hands. Well, that's what I'm feeling right now since in the past a trend like this would not end just like what happens when there's a bull run and since we are in the bear market already there's a huge chance that this will not continue to pump as the others expected. So it's a limited pump that soon would perish once dumpers took it all just for the sake of profit. Well, if they did that then a decline happens they could just buyback again.

It is very likely that what we are witnessing is in fact a bull trap, but that is something that should only concern traders, if you are a long term investor buying right now is the right decision, is it true that there was an opportunity to buy for cheaper not that long ago? That would be true, but it doesn't matter, what matters is that people get their bitcoin now because if they refuse to do so then they really have no right to complain once the next bull market comes and they find themselves without enough coins to take advantage of it.

[gunhell16]

Bitcoin from Saturday 18 june 2022 with bitcoin price at 17,749 kept rising and after moving up from $18k to $20k has been fluctuating around $20k+ and as at yesterday 17th of july price rose to $21k and today 18th july it is hanging above $22K. Is this another fake bull or bull trap by the market is it late to buy since the price has reached a resistance zone or is the risk still worth taking remember never buy high

for me i am seeing a fake bull what are you seeing


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A few days ago I noticed that the price of Bitcoin was rising gradually but its increase did not have such a strong impact on the market because its price was playing between 20k $ to 23k $ plus and now it is in over 24k$. Then according to your question, it doesn't matter if the Bull season is coming or maybe it's just a Bull trap, I think the person who is determined to hold on to bitcoin for a long time will definitely buy as much as he/she can buy it while it's low in his eyes, that's how simple it is.

And today’s market movement in Bitcoin was so volatile, it’s a bit hard to read that even an expert in this field of crypto trading is having a hard time because of how unpredictable the price tag really is. If someone has already bought 17k$ each bitcoin, it is obvious that at least this trader will have income if he sells it at the price that bitcoin now has. But if you are a long term holder, you will always not sell it, instead you will hold on to it for a long time, it depends on you when you sell.

[virasisog]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course, this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and have received a profit of more than 15%, unfortunately, I only bought with a small amount of only $ 1200.

Bitcoin's volatility is top high nowadays. Some people even listened to FUD. But no matter how big or small the profits that we gained from Bitcoin's volatility, profit is still a profit and it's something that we should be grateful for. As long as we bought at a low price and sell it during a good recovery price, I guess that's still the right decision. I bought BTC at $20K and still holding it until I reach a good value. We all have different goals.

[Zilon]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and has received a profit of more than 15%, unfortunately I only bought with a small amount of only $ 1200.

Did you bother checking the candle formed after the price reached $24k and did you also pay attention to how the bears pushed back price down after the price hovered around $24k for a while. This is the fake or bull trap i was referring to. I knew a fake breakout will definitely occur making investor believe the Bulls have taken charge then boom price will start dropping again

[stomachgrowls]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and has received a profit of more than 15%, unfortunately I only bought with a small amount of only $ 1200.

Did you bother checking the candle formed after the price reached $24k and did you also pay attention to how the bears pushed back price down after the price hovered around $24k for a while. This is the fake or bull trap i was referring to. I knew a fake breakout will definitely occur making investor believe the Bulls have taken charge then boom price will start dropping again

Not really bears but it is really normal that there's really some pushing back of price because whenever the market do make out some percentage pumps or increase in price then you could really see
some sell off into those points specially on shorters which it would really be normal for prices to be pushed back and thats not a surprising or shocking thing to happen on this market and also
people shouldnt presume that this might be the start of bull run or trend change.Yes, it could be possible but always mind off about those probabilities of pullbacks.

A little profit it might be but we know that profit is a profit and this is what people do always mind off and its not really that right to have behavior or rushing up things.

[Adbitco]

There is always a chance to buy if you wishes so buying $22k doesn't make you a looser. Yesterday the market gets to +$24k and I know there are some people will also come asking if they should buy at 24k while there are people who bought at $56k, and $68k using this medium to cover up their loses.

[Natalim]

Buying at $17k and then sell them at $23k plus is already a big profit (just for me).
I'd always think that there is no perfect time to sell our Bitcoin, nor we can catch it right. However, having at least a $4k increment is somewhat huge enough, especially during this time. It is absolutely how the volatility helps us to make a profit in any condition and this is why traders never give up even during the bear season.

[CryptoHeadlineNews]

for me i am seeing a fake bull what are you seeing


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for me, am seeing a retest from the recent fall in price trying to maintain the current $20k resistance zone point, and am seeing it could take quite a long period for the price to proceed more that this, of likely a month plus, but its actually a good time to buy, thats if you wish to hodl it for a long time, but if you intend doing a short term investment you never can tell

[Findingnemo]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

[goaldigger]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

[freedomgo]

If I were to guess, it's a relief pump just to balance out the over-bearishness. People have been racking up so much leveraged shorts that they needed to be taken out first.

With that said, looking at price pumps at the previous bear market, something like $30k for the short term-mid term isn't impossible. Probably a good temporary long position.

It’s more on a good pump after a long bad dumps that is happening in such a bearish market. People have stay positive all the way so I guess this kind of relief is what we deserve for. Although there is still no assurance that bitcoin won’t drop its price again, but most likely when it comes to bitcoin, its position is bound to move upward and that no one can stop it. If people are selling nowadays, they could have made less profits, but I just hope they will consider bitcoin as a long term investment.

[Viscore]

Btc price now was at 22.2k and if they bought at 17k then I think the profit that they are getting isn't really considered as small especially if they bought a lot of coins. You will think that this was another bull trap because this same scenario have happened many times now but we can't always be like that so I think that this one is serious now and this can be an indication that the bull run is starting.

Whatever direction we are heading with, anyone is still welcome to buy because for me, 22k is still a good value. I don't consider this as a high price but if you think it is and you think there are still another dip to come then you are also welcome to wait.

Bitcoin remains unpredictable in all its price movement, that is why a lot would believe that it’s another bull trap, while some are closely believing that we are already taking the next level which if bitcoin price continues to surge, we will witness another bullish market. However, this remains unproven until we finally see bitcoin close to $30k. But the good thing is those who bought bitcoin at its lower price, certainly they are profiting right now, but it will also mean more huge profits if they continue to hold.

[crzy]

Profit is profit, regardless of its amount as long as you are happy with it then that’s better.
If you bought at the price of $17k with BTC, and sell it today at the price of $22k, that’s already a good profit and probably one of your biggest profit here in the market. This is the power of buying at the bottom price, and lucky to those who catch those falling prices now they are enjoying big profit.

[DoublerHunter]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

^ Short-time traders will surely make a profit by this time but not on a long-time holder who is holding their BTC for the purpose of holding them in a long term. No one really knows what will gonna happen in the market, we don't even know that the $17k was a bottom price and there is resistance after that price. For those who purchased during that time surely, there should have profit now on their portfolio.
For a long-term holder, this is not the time to celebrate because it is very early, which could be a trap for them, it would be better if you will hold a long term to see a bigger return.

[Hamphser]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

^ Short-time traders will surely make a profit by this time but not on a long-time holder who is holding their BTC for the purpose of holding them in a long term. No one really knows what will gonna happen in the market, we don't even know that the $17k was a bottom price and there is resistance after that price. For those who purchased during that time surely, there should have profit now on their portfolio.
For a long-term holder, this is not the time to celebrate because it is very early, which could be a trap for them, it would be better if you will hold a long term to see a bigger return.

Some had just missed on getting in with that 17k price because they are really longing for the price to deep down further which there are even rumors or speculations on hitting 10k back which some people had stopped on purchasing or buying back when the price hit that low and now we are playing around 20k+ up price which it doesnt assure that we wont really be seeing these prices once again.
There are people who do really love to play with the price in short time and cant afford nor does have the patience on waiting up for too long thats why some people do really love to
trade in short time and playing with these moving prices and now the price had rise up a bit percentage then its not bad to sell out.

[NicNacCoin]

When the Bitcoin market went through $17,000, no one sat down and many invested in Bitcoin.But then Bitcoin stays directly between $20,000 and here but people have little profit.However, those who have invested within 17 thousand dollars have invested for the long term.Actually bitcoin market will go down like this no one ever imagined but still there are many people who are afraid to invest I will tell them don't be afraid to invest from instant market Invested.The market will definitely turn for the better soon.

[Ryker1]

When the Bitcoin market went through $17,000, no one sat down and many invested in Bitcoin.But then Bitcoin stays directly between $20,000 and here but people have little profit.However, those who have invested within 17 thousand dollars have invested for the long term.Actually bitcoin market will go down like this no one ever imagined but still there are many people who are afraid to invest I will tell them don't be afraid to invest from instant market Invested.The market will definitely turn for the better soon.

Well they will afraid if they invest in shitcoin or those meme coins but not on bitcoin --believe me you have surely gained profit on it when the time it comes and the market becomes bullish. That they called the bottom price $17k and someone predicted it will reach $13k but that did not happen. Good to see that the market now has been slowly recovering the price and a lot of people who invested their time during the downtrend, it is a decent profit if you invested on $17k while now for almost $22k the price in the market.

[The Cryptovator]

This isn't bull actually. It's called a pump. Bull and price pump aren't the same thing. Pump dump is Bitcoin behavior, so doesn't necessary to be over-excited about it. Bull is if Bitcoin strongly starts uptrend and not damp hard during pumping. So, it wasn't a Bull trap, Bitcoin suddenly get pumped and we took advantage of that. It's not like out of our hands and we can't or shouldn't buy. Because we don't know what will be the button and from where will it start the Bull run. Price still reasonable to accumulate Bitcoin.

[Findingnemo]

Forgot to check the prices for a while thanks I can feel the real peace in that time.

If someone bought at 17K and sold at 23K then yes they made decent profit but I don't see its any kind of bull trap or recovery phase just normal volatility range due to the other economic causes around the world.

Not a real recovery yet but we are slowly getting there, we’ve seen more green candles now and that could be an indication that we might welcome the up trend again soon. If you are playing with the market since its bottom price most probably you already have a decent profit, many short traders are loving this volatility and with this one I’m sure they become more active.

But when Bitcoin dropped from 60K to 45K region then it jumped again over 50K for a while so if we apply the same theory at the situation then looking at the price now you won't be saying that its good for investment right because currently the value is around 23K that is how the price dumps and bumps which is completely uncertain so everyone has to face the circumstances of their decision no matter if it is either positive or negative.