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Author Topic: Did you sell off during the 21k price breach.  (Read 836 times)
JoyMarsha
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January 17, 2023, 05:09:33 PM
Last edit: January 17, 2023, 05:21:43 PM by JoyMarsha
 #41

I mean, there's still 349 days to go before this year will end, but you're now asking the end year price during this recent pump? we can't even know if this pump is a trap or not, there's a high chance it would go lower around $18K and the price will steady until something big happen.

I'm not selling my Bitcoin for $21K, because I've in situation where Bitcoin is still in $40K, it doesn't make sense for me to sell for half price. Currently, I'm not in hurry to need more money, so I can hold for maybe 2-3 years more.
That's how it is when you have a long-term goal of bitcoin. You don't get moved by the price you see until your desirable dream price is reached before you can then decide to sell off your bitcoin. This year gonna be an interesting year for bitcoin holders as we are already at $21k at the beginning of Q1 of the year. Bitcoin might skyrocket more than we expected before the end of this month.

Am quite positive that the bitcoin price before the end of this year might reach $40k or more. Am just hodling and investing the way I can until my dream price of bitcoin is reached. Don't know when but I believe it will someday


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January 17, 2023, 08:46:01 PM
 #42

Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

When did you buy your bitcoin? How much did you gain on the recent pump? 15% maybe? Bitcoin is still down more than 60% from its all time high. Is 20 thousand really the level that makes you feel good, like you want to exit the space and be on your way? If you hold 1 bitcoin you've probably made 4 thousand dollars. For me it wouldn't be anything worth moving my bitcoins.

I didn't sell anything for almost a year and I'm not going to sell anything if we fall from this back to 16 or something.
I'm not a wealthy person but I'm here for the long run. I don't see myself ever not owning any bitcoin. If we went to 100 thousand right now I'd still hold some. There's no price at which I'd dump everything.
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January 17, 2023, 10:02:28 PM
 #43

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?
Actually i knew that 2023 will be a preamble of Bitcoin increment, but it will not fully get to some certain people expectations, so therefore bitcoin have its way of movement and it will be unbelievable that Bitcoin will increase and as well and reverse in the market. I strongly believe that the price of Bitcoin will still Falls if it happened to reach up to thirty thousand (30k) in the market.

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January 18, 2023, 01:30:37 AM
 #44

It's tempting, but no dice for me, it's too early to sell as the price is still very low. Even if you bought at $15,500 the margin of profit is still not huge as compare to selling your stash in a bull run.

There could be some short selling bitcoin, but for sure they are going to be destroyed in this sort of our mini bull run. If they sold they just look at the price, it's not steady at $21k and could be going $25k next month.

R


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January 18, 2023, 01:56:04 AM
 #45

It's tempting, but no dice for me, it's too early to sell as the price is still very low. Even if you bought at $15,500 the margin of profit is still not huge as compare to selling your stash in a bull run.
(....)
But if you are not looking forward to a bull run this year, you gonna sell even if you bought at the $15,000 level. For me, I have some Bitcoin that bought around $17,000 and just sold when Bitcoin broke the $20,000 level a few days ago because I believe, there are still a lot of opportunities to accumulate more Bitcoin before this year ends.

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January 18, 2023, 05:18:22 AM
 #46

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

This wasn't a sudden pump that anybody should be expecting a massive dump to $16k as you have written. This pump was due as Bitcoin has been dumping for so long now that it needed this break and I don't think previous buyer should be selling thinking the market will dump more. Only those worthy of taking profit are those that bought supposedly the last dump to $15.4k.

They can take profits because they should be in good gains by now assuming they bought entirely one Bitcoin or more. The rest of us should use this opportunity to accumulate more Bitcoin and wait for further rise in price. 2023 is going to be a good year for Bitcoin. We won't be exceeding the previous highs but we'll get some good profit, if we start accumulating now.

R


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January 18, 2023, 06:13:23 AM
 #47

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?
The price increase from $16K to $21K that is still holding today is an advantage and many people still have the desire to continue to higher prices with the aim of attracting capital.
Those who are still planning to collect more Bitcoin hope that the current situation does not continue because buying at prices like today is different from the acquisition of the amount when buying at $16K and $17k.

Selling some at $21K could provide a profit with the aim of buying again when the price is lower than now. But it is uncertain whether the price will drop back below $17K. I think it is better to hold back than to sell at the current price.

R


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January 18, 2023, 12:21:42 PM
 #48

It's tempting, but no dice for me, it's too early to sell as the price is still very low. Even if you bought at $15,500 the margin of profit is still not huge as compare to selling your stash in a bull run.
(....)
But if you are not looking forward to a bull run this year, you gonna sell even if you bought at the $15,000 level. For me, I have some Bitcoin that bought around $17,000 and just sold when Bitcoin broke the $20,000 level a few days ago because I believe, there are still a lot of opportunities to accumulate more Bitcoin before this year ends.


There are a lot of opportunities to accumulate, but who knows, maybe it will not present itself like when the price is $15k-$17k. So maybe it's best to keep it and hold for a while.

And I'm surprised though to hear from you saying that people are not looking for a bull run? Because that's what we are looking at right?

You saying that you are not looking forward in 2024/25 ATH and will just keep on selling as long as you are making profits?
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January 18, 2023, 12:56:34 PM
 #49

... But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

Even though bitcoin has gone up from 16k to 21k, I doubt that people will sell their bitcoin at this price, as profit is not yet high, and no one is sure that bitcoin will drop back for us to buy with a low price.
Despite the fact that bitcoin has been up, it has not been strong enough to make people Fomo, so I think maybe bitcoin will reach 25k-30k in the bull run, then we can start seeing people Fomo. Then perhaps bitcoin will be able to correct, IMO.

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January 18, 2023, 06:32:08 PM
 #50

That's how it is when you have a long-term goal of bitcoin. You don't get moved by the price you see until your desirable dream price is reached before you can then decide to sell off your bitcoin. This year gonna be an interesting year for bitcoin holders as we are already at $21k at the beginning of Q1 of the year. Bitcoin might skyrocket more than we expected before the end of this month.

Am quite positive that the bitcoin price before the end of this year might reach $40k or more. Am just hodling and investing the way I can until my dream price of bitcoin is reached. Don't know when but I believe it will someday


Choosing to survive and stay focused on the price you want to achieve is certainly an effort that will not be in vain. We all know bitcoin was able to get through the market crash in 2022. When buying at last year's lowest price, of course, you will get a bigger profit when the current price has risen above $ 20k.
If you predict bitcoin will reach $40k before the end of the year, maybe I can only agree, but the market is still unpredictable right now. Let's hope that it is achieved and even more until it reaches a new ATH again.
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January 18, 2023, 06:53:54 PM
 #51

That's how it is when you have a long-term goal of bitcoin. You don't get moved by the price you see until your desirable dream price is reached before you can then decide to sell off your bitcoin. This year gonna be an interesting year for bitcoin holders as we are already at $21k at the beginning of Q1 of the year. Bitcoin might skyrocket more than we expected before the end of this month.

Am quite positive that the bitcoin price before the end of this year might reach $40k or more. Am just hodling and investing the way I can until my dream price of bitcoin is reached. Don't know when but I believe it will someday


Choosing to survive and stay focused on the price you want to achieve is certainly an effort that will not be in vain. We all know bitcoin was able to get through the market crash in 2022. When buying at last year's lowest price, of course, you will get a bigger profit when the current price has risen above $ 20k.
If you predict bitcoin will reach $40k before the end of the year, maybe I can only agree, but the market is still unpredictable right now. Let's hope that it is achieved and even more until it reaches a new ATH again.
We are all hoping for a new ATH as always.Who doesnt really like to see new numbers? specially on peak ones? When you do able to enter when Bitcoins price dipped down on 15k+ price wayback then it wont really be that a bad idea for you to sell out when it hit up 21k or even on 20k price which it is really that a considerable point to secure profits.When it  comes to selling decision then it would be entirely be depending on you because not all would really be that confident  or simply being that optimistic that it might break out even more higher but lets just be that sticking on being optimistic
on which the price couldnt really be going high enough or certain numbers for this year but no one really knows honestly.

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January 18, 2023, 07:35:21 PM
 #52

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?
what's happening to the current bitcoin price is just a market cycle and it will always happen anytime and for me it's not necessarily a sign that bullish will come. some investors looking for a quick profit, maybe they have already sold it and they will wait for the price to drop below $16k again.
but all of that will not be done to investors who have long term goals, because they believe that the price of bitcoin will be more than the previous ATH.


i don't expect anything about the current bitcoin price. all i remember is that the price of bitcoin started at ATH$60k and is currently $21k, it is much cheaper and just expect to be able to collect bitcoins every day no matter what happens at the current price.
maybe I look hypocritical to miss the advantages. but i just believe that bitcoin in the future the price will never disappoint.

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January 18, 2023, 08:09:37 PM
 #53

I will no longer be affected by the price increase so far, as long as my target is not touched. I have higher goals about bitcoin and so far I have to have really strong hands to always be able to hold them. Never mind about the correction and upside at $21K, I just want to enjoy the volatility. Even if the price could reach $30K in the next 1 to 2 months, I really don't want to sell either.

Price recovery can be expected throughout the year, so I don't think the kind of bullish that has been going on from early January until now is not a good time to sell. Buy and hold, this is still an opportunity even if the price is over $20K.

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January 18, 2023, 08:35:43 PM
 #54

I have not sold any bitcoin and I do not have any plans to do so as it would be a mistake to sell when the recovery we are experimenting is nowhere close to the previous all time high.

However it is difficult to know what it is the best course of action right now, those performing a DCA strategy do not mind at all what is happening and they are still buying bitcoin as usual, but for those which may like to time their purchases it is not clear which path is the best to take, as they could buy now hoping the price could keep going up, but if this is a bull trap then they will miss buying bitcoin for cheaper prices, but on the other hand if they keep waiting and the 21k level is broken completely then bitcoin will get even more expensive and their fiat will buy even less of it.
If you bought your coins higher than the value that we are seeing now then it is a mistake. You will only lose this way but if you bought during the dip last time then you can still be able to gain something if you sell now. I already sold some of my mine in fact but I will keep most of them because it's always better to earn huge and that is only possible when the value of your coins are raging once again.

If you don't do DCA then I think buying now is still fine because we are still far from a full recovery. If ever the price falls after it, we should only Hodl and avoid worrying or panicking. It's best to not go all in when buying so that we still have something to use in case the price moves backwards.

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January 18, 2023, 08:48:16 PM
 #55

Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

While some people were bearish on the price of Bitcoin but this sudden pump proved them wrong. A lot of short positions have been liquidated. The market has pumped a lot in the last week, so there is a possibility of some correction here. But for long-term holders, this small pump and correction will have no impact. Because they don't think much about selling.

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DeathAngel
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January 18, 2023, 09:20:54 PM
 #56

I did not sell any bitcoin as we went over $21,000. I do not think it is a time to sell this year, we are still in a downtrend & until the price breaks above something like $30,000 that is not invalidated. I’m not totally sure that we won’t revisit lows. If you can take opportunity to scalp some profits then go ahead but I have a longer term plan with bitcoin. Everybody has different needs & plans so do what is best for you & your families.

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cryptomaniac_xxx
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January 18, 2023, 10:52:40 PM
 #57

I did not sell any bitcoin as we went over $21,000. I do not think it is a time to sell this year, we are still in a downtrend & until the price breaks above something like $30,000 that is not invalidated. I’m not totally sure that we won’t revisit lows. If you can take opportunity to scalp some profits then go ahead but I have a longer term plan with bitcoin. Everybody has different needs & plans so do what is best for you & your families.

We are still in the middle of the bear market, so yes, technically we will see a lot of downtrend this year. It's that we started this year climbing as high as $21,500 but now the price is going down.

So for everyone who sells, could be bad timing, but that is your call.

For the majority who doesn't need the money anyways, they are not going to sell or move a bit in this price uptick. Better to wait for more rise in the bull run 2024-2025 edition.
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January 18, 2023, 11:11:53 PM
 #58

The price increase from $16K to $21K that is still holding today is an advantage and many people still have the desire to continue to higher prices with the aim of attracting capital.
Those who are still planning to collect more Bitcoin hope that the current situation does not continue because buying at prices like today is different from the acquisition of the amount when buying at $16K and $17k.
Today Bitcoin had another dip and is already under $21K at the moment, although this is a normal dip which then looks sideways again. But it's also still very good for the holders and for Bitcoin because the possibility to increase again is still there even though a sudden drop like today also has the possibility to come again for Bitcoin

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Selling some at $21K could provide a profit with the aim of buying again when the price is lower than now. But it is uncertain whether the price will drop back below $17K. I think it is better to hold back than to sell at the current price.
Traders who had bought at a price of $ 16K to $ 17K really didn't matter if they chose to sell some at a price of $ 21K, because that was for the sake of taking profits that were in sight. But for holders or investors who intend to invest in the long term, I think selling some for now is too early because they are still likely to look and find a much better price than now on Bitcoin.
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January 19, 2023, 08:45:34 AM
 #59

I still keep most of my bitcoins and only sell some to help me financially and to survive.
The current bitcoin price is enough to make us amazed because, from a price of $ 16k, it can immediately increase to $ 21k in the short term, making some of us sell some bitcoins to take profits.
Right now, maybe the market is undergoing a correction where the price of bitcoin is dropping again and staying at $20k but I'm sure this won't last long and the price will strengthen and increase again.
Maybe it's a good time to increase the number of bitcoins we have even though the price is already slightly higher than before, below $ 20k.

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January 19, 2023, 12:00:37 PM
 #60

I'm not but for sure many have been selling off their Bitcoin for they are already tired and bored of waiting for this moment to come. Like if you are buying at $18k, you'll certainly be thinking about it just to get some profit. I consider this as an opportunity either which is something we don't need to ignore especially if you are just a short-term holder.
We are turning back low again, it is another opportunity to buy again. We have to take advantage of the volatility of the market whether to sell or buy.

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