uneng
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August 18, 2023, 03:53:13 PM |
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Are you also taking advantage of this opportunity, friend?
No, I already have my holdings and can't add any extra money to it right now. I actually need to sell some BTC for daily expenses, but this recent crash has impacted me negatively, since I was expecting prices to rise a little bit before selling my coins. Now it seems I will have to sell my BTC for a cheap price, losing some potential extra profit I could make and was counting on. Well, that is what happens when you put too much expectations on crypto market on short term.
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coinerer
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August 18, 2023, 04:07:52 PM |
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Are you also taking advantage of this opportunity, friend?
No, I already have my holdings and can't add any extra money to it right now. I actually need to sell some BTC for daily expenses, but this recent crash has impacted me negatively, since I was expecting prices to rise a little bit before selling my coins. Now it seems I will have to sell my BTC for a cheap price, losing some potential extra profit I could make and was counting on. Well, that is what happens when you put too much expectations on crypto market on short term. When you don't have any extra money, it's natural to sell your holding bitcoins to meet daily expenses. But if you have extra money then you should hold on to bitcoins. It is the religion of Bitcoin that the price of Bitcoin will go up and down so there is nothing to panic about it. The reason the current market is a bit dumped is because SpaceX sold off their bitcoin holdings but that's not a big deal, bitcoins will pump again. So it is better to be patient rather than panic
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justdimin
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August 18, 2023, 04:12:50 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
It's a shame that when Bitcoin dropped to the $25166 price area, I didn't check the market at that time. But I think the decline can still continue if it doesn't get strong support. But the current price can be said to be good enough for accumulation. And I'll probably start buying more from the area now. And more when a dip comes back. But to be honest, I don't know what news has definitely made the bitcoin price drop from 29 to 25 very quickly. Although I also heard about the news that SpaceX Elon is selling their bitcoins. But there seems to be no proof that the news is true. But seeing the decline which is indeed very fast, it can be ascertained that there are indeed those who sell large quantities in a short time on the market. There are definitely some people who buy a lot and sell a lot at times, they are called whales and because whales are a thing I am sure that a lot of people are wondering if they could do what they are doing and what not. I think it should be important to realize that we are talking about a situation that would be rare and it is not going to change anything anytime soon neither. I feel like we need to be considering the situation a bit different and we could be considering the deal a bit more difficult. I think it should be important to focus on what you can judge, because you can't possibly know when a whale will buy a lot or sell a lot, so check other stuff, like charts and indicators and make your own analysis.
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rachael9385
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August 18, 2023, 04:25:29 PM Last edit: August 18, 2023, 04:43:48 PM by rachael9385 |
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Well the sudden drop of Bitcoin price is not relenting, although The cryptovator has tell us the main reasons why the price droped all of a sudden, on this thread titled SpaceX sold $373M worth Bitcoin, reason of current dump but this not a big problem because bitcoin will rise again, moreover if I have enough money now I will buy plenty of BTC so when the price will high I will benefit more but now I don't have the money to I will still hold my coins and not sell.
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livingfree
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August 18, 2023, 04:37:18 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
You should it right that don't miss this opportunity. Do not be surprised when a lot of newbies are scared whenever there's a sudden dip. They think that it's the end of the market. But if you're a realist and opportunist, you're seeing the opportunity that you shouldn't let it pass. Just as usual, DCA is the best thing to do when we're experiencing something like this. Do not be discouraged but make sure that we're having our portfolios filled with cheap Bitcoins because you'll never know when we shall see this moment again before the bull run.
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lizarder
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August 18, 2023, 04:54:00 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
Panic should not affect some people who have understood the journey of the bitcoin market and I believe that panic only represents those who do not understand bitcoin thoroughly or in other words as beginners. This is where one can see how one's ability to carry out investments and conditions of decline have even occurred many times this year and that should be an illustration that there is no need to panic when the condition of bitcoin has decreased. Maintain an investment pattern using several methods and if you have the opportunity to accumulate then do so. Of course many people take advantage of the correction process to buy and that's what's called taking advantage of short-term opportunities to accumulate. It's good to accumulate a few purchases using the remaining balance you have on the exchange, but you can employ a DCA strategy to continue collecting bitcoins and can take advantage of these downturns as a way to add assets.
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superman184
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August 18, 2023, 04:56:52 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
What I see is that the decline in the price of Bitcoin in the market is still happening and it's more than 7% now. In general, it is good to take advantage of this condition when there are more people who are panicking to sell, whereas we can dare to buy it for the reason that the price is already cheap or is declining. But I will research what events are happening to make Bitcoin suddenly experience a price drop again today, because by knowing the few events that do have an impact on the crypto market, those of us who buy will also be better prepared with more mature considerations. Now the Bitcoin price is under $26K and I will net it at $25K, if it can get to that price I will be very happy because it is a much cheaper price than it is now.
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Hypnosis00
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August 18, 2023, 04:58:25 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
I'm not if they are selling because they are worried about the situation as nothing it supports with that but for sure, these people are selling for some reason so whatever it was, it doesn't matter. Yes, we are still given a chance to buy Bitcoin at a correction price before the halving will start. I say that this year would be our time to accumulate more in anticipation of the price surge that will occur next year. I encourage people to buy but must keep on their limitation as well, - invest only the amount that we can afford to lose.
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Ale88
Legendary
Offline
Activity: 2562
Merit: 2863
Catalog Websites
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August 18, 2023, 05:04:05 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
I just don't understand why people panic, every single time. We all know how it works and yet there are many people who are willing to sell their coins at a loss just because they are losing a 5-10%. And maybe they bought those coins a few weeks ago. They are just doing a favor to the big funds entering the game.
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Faisal2202
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August 18, 2023, 05:41:23 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
Frankly speaking, I had only 20 usdt in my account and when i see the price of BTC is around 27,500 dollars then I came to remember that ohh i must have some USDt in my holdings which I could used to buy BTC so I instantly added those 20$ in my holdings. Which of course put slight impact on my buying or holding of BTC at an average price of $29,500. So, yes i also took advantage of this opportunity but at the lowest level. And I also advices one of my friends to take some entry who was asking me few days ago about taking an entry and which time would be best so I gave him idea of doing DCA but I think he still feared to enter the market and of course I have no right to force him so I will not but each time he asked I tried my best to explain him things out. Point being made here is, We all should take advantage of this situation.
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uchegod-21
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August 18, 2023, 05:44:55 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
If not that I saw this, I wouldn't have known that bitcoin is in blood bathe. I do not always check the price and that is the advantage you have if you are a long term investor. As of now the price has gone as low as 25,877 and this is low enough for anyone to make it an entry point. But one thing about this market is that if the price goes lower that 25k, you will see alot of panic in the market and people will begin to sell at loss. Truly the market is just unpredictable and that is the real state of the market. If anyone is doubtful of the market, they should use the DCA method to follow the market.
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rachael9385
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August 18, 2023, 05:46:29 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
I just don't understand why people panic, every single time. We all know how it works and yet there are many people who are willing to sell their coins at a loss just because they are losing a 5-10%. And maybe they bought those coins a few weeks ago. They are just doing a favor to the big funds entering the game. Well this should not be a big surprise to you because some of them are just new comers in the crypto world, they fail to understand that there have been inferior days than these present situation in price fall, these situation isn't a big surprise to any descrept investor because in any investment's risk are involved no hundred percent guarantee of profits but that shouldn't make an investor to sell his long term holdings moreover Bitcoin will still rise and all those investors that sold their coin will lose more for their disordered decisions.
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bittraffic
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August 18, 2023, 06:05:43 PM |
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Soloway predicted the price will dip to $12K to be the bottom this time.
In the last bear market, BTC plunged down to $3.800 for its last attempt. He also compares this BTC dip to be the last attempt of the bears which will take the price down to $12k. So yes this is indeed the best opportunity for those who have lots of funds still.
People all over the world are struggling since the pandemic in 2020 up to 2023, this is really bringing people down to their knees so if you still have funds left, you are indeed given the right opportunity.
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salad daging
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August 18, 2023, 06:31:08 PM |
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I took advantage of this golden opportunity and made an entry at $26K actually not a lot of money in there but it's already bigger than usual.
It is very natural that if they panic, they may not have a strong mentality to deal with the situation of the market going red in an instant, if the mentality is not strong and feels excessive panic they will sell for cutloss. The lucky ones are that they still have a balance to buy bitcoin again for accumulation, if there is no opportunity to buy now then it is better to HODL, maybe this decline will be long so there is still time for us to buy at the lowest price.
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Obari
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August 18, 2023, 06:40:01 PM |
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Well I'm sure not everyone will buy and because they don't want to buy but maybe because of some reasons beyond them and I wouldn't have to blame them for it because i realized alot of things after a thread i created seeking to know the reason why people aren't holding and you can get the thread here and I believe you'll see that alot of persons aren't holding for several reasons. You wouldn't have to call people who panic sell as investors because as a real investor and believer of bitcoin, you wouldn't panic to sell over a little spike in the price of bitcoin. I think we should focus on seeking ways to buy and hold .ore rather than been bothered over people who are selling out of panic.
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Alpha Marine
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August 18, 2023, 06:48:27 PM |
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I've gotten to a stage where I don't freak out in times like this. There was a time when I would have panicked so much, but now I'm a little bit more relaxed about the Bitcoin dip. I am not happy the price is going down, on the contrary, I want the price to keep going up so I can make maximum profit from the Bitcoin I already have but I can't panic because I know it's just a matter of time. This should be an opportunity and also an example for those who always feel they are too late to Bitcoin. There is never a time when you're too late when it comes to buying Bitcoin. When you made this post the price was at $26,800, right now it's at around $26,083. If you're waiting for it to go dipper you might be disappointed, so it's best you buy it now if you have the funds.
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Mr.suevie
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August 18, 2023, 06:54:02 PM |
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today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.
Are you also taking advantage of this opportunity, friend?
I think the folks that are actually selling their coins now are those that don't know how the market works and don't have proper planning to HODL their coins. I think in a situation like this the best thing to do is to actually HODL your horses and start buying more coins because we are very certain of the market going again, for me it's just a perfect window of opportunity to buy more.
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CryptoHeadlineNews
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August 18, 2023, 06:59:08 PM |
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The lucky ones are that they still have a balance to buy bitcoin again for accumulation, if there is no opportunity to buy now then it is better to HODL, maybe this decline will be long so there is still time for us to buy at the lowest price.
Yes, I agree with you about lucky ones still having funds to buy more as the price keep going dip, because that's why it's always good to diversify one's portfolio, so as to take advantage of opportunities such as this current fall in the price of Bitcoin. Because I just made a check on the chart now and noticed BTC is currently at $26,174 at the time of writing this post, with lots of red signs showing the number of people selling their coins far than the people buying now, as many still believe BTC is going to fall more than this. But however, lets wait to see how it goes.
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panganib999
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August 18, 2023, 07:02:29 PM |
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People often fall for the buy-high sell-low mentality. And then blame bitcoin, calling it scam and a fraud ponzi scheme when the bear market comes in and they lose all their shit. Bitcoin is a speculative asset yeah, but if you know how to work around its volatile nature there's money to be had in this industry. I see some people seeing this opportunity as a way for them to bank on their investment, some are not fazed by it either because they knew this was coming, not really afraid of dumps anymore, or are practicing DCA strat so they can rest easy knowing that whatever the price point of bitcoin is they'd be able to bank on it nicely. It's all about the timing and how people perceive dumps. Good investors break away at the first sight of a price decline, great investors assess the situation and buys when he knows it's opportunity for him.
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lousie9
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August 18, 2023, 07:04:27 PM |
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Are you also taking advantage of this opportunity, friend?
No, I already have my holdings and can't add any extra money to it right now. I actually need to sell some BTC for daily expenses, but this recent crash has impacted me negatively, since I was expecting prices to rise a little bit before selling my coins. Now it seems I will have to sell my BTC for a cheap price, losing some potential extra profit I could make and was counting on. Well, that is what happens when you put too much expectations on crypto market on short term. I think expectations are not the main problem but the problem is from ourselves that sometimes we cannot be wise in managing our finances or our economy. I don't know, but in my opinion don't panic too much to sell your Bitcoin assets at a cheap price, even though it's actually up to your decision because it's your own money that you use. For the problem of daily expenses or to meet our daily needs we can still overcome it in many other ways without selling our assets at relatively low prices. Daily expenses can be minimized by saving our income only to meet basic or basic needs such as food, drink, electricity and others. Not to spend our money on what we want but don't need. I thought that selling my Bitcoin assets was a last resort to overcome really difficult economic problems or could say I really didn't have any spare money left. But if you have to sell it cheap then that's fine as long as you don't get frustrated seeing the price skyrocket after you sell it.
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