Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ?

[DigitalMonk]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

[philipma1957]

Interesting question. I do not plan on selling any BTC until we get past 70K.

Not set in stone but a goal of mine.

I DO NOT NEED TO SELL btc at 30k so I would surely hold what I have.

[adaseb]

$30k is not a good area because it’s actually major resistance. It’s where the last support was, tested many times and broke. If it reaches that area most likely many will sell.

However what matters is what happens after. If it slices it like butter. Similar to the old $6K support in 2019, then it’s confirmation that we hit the low and will go up from here.

[Poker Player]

In my case, I will continue to accumulate, rain or shine.

Interesting question. I do not plan on selling any BTC until we get past 70K.

Not set in stone but a goal of mine.

I DO NOT NEED TO SELL btc at 30k so I would surely hold what I have.

I feel the same way. I'm not necessarily going to sell at $70k but at that level I might consider selling a small portion to realize profits. Another milestone to sell would be to have clearly passed $100k, which I don't expect to happen until the next cycle (same as $70k). There will be a lot of people with sell orders around $100k and I expect a lot of resistance to beat that level, but once beaten, I might consider selling at, say $110k and above.

[hugeblack]

I sold some at those levels before we decrease to 20k levels, so if we return again, few weeks are assumed that the price will be either from 20k to 25k or 40k to 50k but 25k is the average during the next year, so ya i will sell but not exceed 10% of what I own.
Generally, given the current situation, 30k represent the same 14,000 in the past.

[EarnOnVictor]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

I have vowed not to be a blind trader anymore as it always misleads me. So, I will act only based on what is currently seen on the news and in my technical chart studies. Anyone, group or situation might cause a spike or dip in the market, but the question we should be asking ourselves is, is it sustainable?

The fact that the price of BTC has reached $30-$40K does not mean that it will not continue buying or reverse, what should be the guide of every trader is their technical analysis. Doing anything other than this will amount to gambling.

[palle11]

Generally, given the current situation, 30k represent the same 14,000 in the past.

I believe this also. 30k appears like the strong support of between 15k and 14k in the past. This time around it was difficult to go down from playing on the top of 30k and 35k till it was beaten to current price. At this time speculating during this last quarter of the year, I think we may still approach this 30k price towards the end because of the festive season.

[el kaka22]

I am sure most people will start buying when bulls return. This is the reason we are having intensive bull or intensive bear markets most commonly in bitcoin markets. It mean people do prefer more when more people buy and for selling, the same is applicable. But personally, I do DCA always. I do not mind where bitcoin market is heading but I always mind my budget and availability my preferred payment method for buying bitcoins.

Bitcoin might have bottomed already out and the current market prices below $20k levels must be a very good opportunity for both regular buyers and for those who look for dips to enter. Always do not expect whales to lead you but when we believe into bitcoin and having regular investment into bitcoins then whales will lose their power over the time.

[Nrcewker]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

No one will ever sell in that price.
Yes there will be some desperate people who will want to sell anyhow. But nevertheless all the hardcore Bitcoiners knows the value for which they will hold the coins for more price.
If you ask me then I will even buy more coins at that price segment, as Bitcoin’s price segment is enough to tell us what will be Bitcoin’s next target.
Let’s all hope for the best and first wait for the bear market to get over.

[teosanru]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

I think even if the Bitcoin price surprisingly starts to increase tomorrow onwards, the growth to ATH isn't going to be very linear, you will see many drops, corrections and reversals. I think the market would work sideways for a few months before we start another bull run. But on the other hand, I feel we are going to be in a great FOMO this time when the market comes back up so weak hands should be really careful while playing the bull market whenever it comes obviously. For me personally if once bitcoin reaches 40k area I will sell for once and wait for the next big correction to buy more. 40k is the psychological barrier now and is not going to be that easy to flip.

[Freeveto]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

I'm really gonna be super excited and begins to think we might have bottomed out because that price movement could be preparing us again for the next bull run.Then in terms of buying and selling Bitcoin at that time , what I do think is that some weak hands or people that got trapped in that zone, will think is time to exit the market and might be getting out of their pposition.

While for me I have already gotten some/enough sats in my holding and not gonna sell any of my BTC , may add more BTC to my portfolio, Because that rise in the price of Bitcoin will even give me more confidence to continue HODLing.

[Slow death]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin?

looking at the price history of bitcoin and its strong supports and resistances i would say if:

- if the price of bitcoin breaks 30,000$ it will immediately break 32000$ then the price will go up because many people will continue to buy a lot and the price may be able to break the 39000$ to 41000$ and if it breaks the 41000$ then we can see a rise to 44000 - 47000$.

Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

I believe that few people would want to sell if the price of bitcoin reached 30,000$ that's because for people who know about technical analysis already know that 30,000$ if broken could make the price go up a lot, what if it goes down? It doesn't make much sense to sell at a loss right now. in order not to lose out, the best thing a person can do would be to be buying at every big price drop

what I did not understand:

why do you think that in 6 months the price will drop to 10,000$?

[carlfebz2]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

No one really knows on how many would be doing shorts if ever the price would be hitting up 30-40k price then it would be a personal choice whether you would sell and secure out 2x profits

or would decide to held up for longer duration since you are into holding but its up to someone personal choice since we do have different decisions when it comes to this manner.
On my case i had able to accumulate bitcoin on 19k price and im still holding and waiting up for some significant rise or even if it would raise up to 24-25k then i would definitely sell out.
Make short buys and short sells would be entirely be relevant if you are really that impatient for holding long.

[darkangel11]

Interesting question. I do not plan on selling any BTC until we get past 70K.

Not set in stone but a goal of mine.

I DO NOT NEED TO SELL btc at 30k so I would surely hold what I have.

I feel the same. I hold bitcoins that I bought for just a few hundred USD in 2014 and 2015 and I sold only a small part when we first went to 20k then kept holding in 2018 and 19 and again sold some when we broke 30k for the first time. I sold only enough to have some fun, play around with some free cash. I still hold 90% of my coins from 2013 and I won't ever sell below 20k that's for sure.

30k is nothing special. Maybe if we went to 60 I'd spend some coins to treat my family to nice holidays or something. 100k is my lifetime goal. That's the level that would satisfy me if I were to spend it all but I probably won't do it anyway. I'll spend half and keep half of it as a store of value.

[serjent05]

If the price of Bitcoin continues to rise and the announcement is made public (about elites buying bitcoin) it may bring hype and eventually a FOMO to the market. For sure FOMO triggers lots of mindless buyers to get into a buying frenzy.  It is not a good thing to buy when the market is crazily hyped especially when FOMO is going on so I'll just hodl my BTC and sell it when it hits my actual price target.  

[AjithBtc]

If the price of Bitcoin continues to rise and the announcement is made public (about elites buying bitcoin) it may bring hype and eventually a FOMO to the market. For sure FOMO triggers lots of mindless buyers to get into a buying frenzy.  It is not a good thing to buy when the market is crazily hyped especially when FOMO is going on so I'll just hodl my BTC and sell it when it hits my actual price target.  

Hype in the market will be same as what we saw with the Elon Musk tactics. So, making perfect calculation and execution will bring profit. Missing the right time will end up with losing. So, it is good not to fall for the FOMO. Myself too will keep hold, because we have got big years to come.

[STT]

Its a low place to sell but everything is relative and short term maybe thats a good trade.   Since you are asking me so far out I will say no, likely best not to sell unless you can equally say when you will repurchase your 'lost' BTC.   
  Lots of people sold early over the years or what they though had been the peak and it was with great regret.  Trading is fine of course, we have 25k overhead first and are not even past weekly average price.

[lienfaye]

If the price increase to that level ($30k - $40k) probably many investors who are just holding for short term will sell because its an opportunity for them to take profit. While those investors waiting for the market to recover might started to buy thinking it's the start for the market to turn bullish hence they dont want to missed joining the ride, these are the possible scenarios that we can expect.

Anyway, in my case I will sell a small portion of my Bitcoin, its not bad to take profit at times right? Then continue to hold until the price reach my target price.

[GeorgeJohn]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

Let me educate you, op people who invest in cryptocurrency and especially a pronounce investor don't purchase cryptocurrency when the price in frequent motion of acceleration, it's when the price is immensely getting low that's when investors purchase cryptocurrency and precisely bitcoin. No investors who is inquisitive or curious to buy bitcoins when the price is going higher. And starting from the beginning people do purchase via the duration a lot of profit will manifest.

[Baofeng]

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin?

There is this phenomena we called FOMO (Fear of Missing Out), so for sure when the price rises, there will be set who doesn't missed it so they ride and maybe push the price ever further.

Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

They could be the same person who wanted to push the price to $30k, and they could be the first one to sell as well for quick profit because we are still in the bear market. I know it doesn't sound look because it's clearly manipulation, but this is the market we live in, decentralized and so anyone with enough money can move it to the direction they want and they make a ton of money.