spiker777
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February 16, 2024, 05:03:24 PM |
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I do remember earlier this year or so, when bitcoin just showed its first sign of bull or we were still anticipating, i tried telling some of friends that we might be entering a bull soon cause for a while now since 2021 bitcoin has not come anywhere near its last ATH and some of my friends that lump summed during that period are still on a lose on their portfolio and were thinking of selling, even when bitcoin reached 41k and then reduced back to 35k when Grayscale where selling massively I could see lot of tension on some persons, then it occurred to me every time something new wants to happen in bitcoin history it always brings this panic that causes the weak hands to sell, I did my best telling them to hold a little longer and I won't blame them, especially when what they had planned to use the money for is due and some would say how would you know what it's feels when your just starting, yes true I might not have been in the business of holding for long but one tho I am sure about is nothing can stop the raging bull when it comes.
We all know that bitcoin would only continue to be scare as times goes, right now their is no asset that can be more scarce than bitcoin, not even gold and bitcoin offers more than an investment opportunity but also a good store of value. And right now I can see a lot of happy faces as bitcoin reaches a new hight of 51k, I do believe a little correction might occur, but let's not be surprised that all our patients and steady buying might payoff soon as bitcoin can reach a néw ATH of 100k, its still early in the year and who knows what to expect.
Just hold and keep patience right by your side.
Honestly, it's very difficult to convince people to hold and not sell their assets when the market is down because they will get better gains if they stay patient. They think that they are going to lose the value they are getting now right when they see the market going down a little bit. I know this because there are people around me with the same habit, I keep asking them not to sell because the market will go up more, it's just the beginning and we've got a long way to go yet. What's more annoying is that when they listen to you and don't sell, and if the market goes down, they start blaming you by saying that you didn't let them sell when the price was higher and now it's so much lower even if you keep telling them that it's just a temporary dip.
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Ndabagi01
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February 16, 2024, 05:12:54 PM |
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We all know that bitcoin would only continue to be scare as times goes, right now their is no asset that can be more scarce than bitcoin, not even gold and bitcoin offers more than an investment opportunity but also a good store of value. And right now I can see a lot of happy faces as bitcoin reaches a new hight of 51k, I do believe a little correction might occur, but let's not be surprised that all our patients and steady buying might payoff soon as bitcoin can reach a néw ATH of 100k, its still early in the year and who knows what to expect.
Just hold and keep patience right by your side.
I like your optimism about the bitcoin market and how you're waiting for the bull run to start soon. Patience is essential in cryptocurrency and should be considered when investing for the long term. Bitcoin has recently risen above $51K after falling below $50K for some years now. The recent bull run in the market is simply an indication that the most anticipated bull run is rapidly approaching, and the fact that it has reached this price even before the actual bull run occurs indicates how large the bull run season will be, as well as the coin's new all-time high following the bull run. The $100K price is just a speculation, but given what has happened over the years in the market, it is a price that bitcoin will exceed in the coming bull run.
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Antotena
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February 16, 2024, 06:13:35 PM |
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Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip
I think selling is individual action and you can't blame people for selling what they have invested in. If I had the chance to buy Bitcoin when it was around $15k during the exchange wars and FUD, I will happily sell my bags here because with this rally and recovery, I should have gain a healthy profits here. Even if I don't sell all, I will sell 70% here due to the nature of Bitcoin collapsed and volatility. Don't be shock if Bitcoin moves from here to $80k and then it reverse back to $35k in 2 years later, it's very possible and I don't see anything wrong in selling your investment. Some people will hold Bitcoin go up to a certain level but there greed will not give them right decision to sell and they will watch bitcoin collapse when bad thing happened until it reach or go below the price where they bought. I see that as waste of time in investment when you can sell and buy later.
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Odusko
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February 16, 2024, 06:25:49 PM |
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Convincing people to invest in Bitcoin based on your perception of the market at any time and giving such advice based on your own market speculation will be hard to ve accept easily, most especially in an era when Bitcoin and the entire crypto market have undergone alot of crisis in its price before now, and even though there has been some pocket of recovery in the last quarter of the year 2023 before the January ETF approval. This year 2024 has alot in stock for Bitcoin, and most Bitcoin investors have been anticipation a Bitcoin bull even at pre halven level because in January when the Bitcoin ETF got approved alot was expected in an upward direction for Bitcoin in terms of Bitcoin price, but it took a while for that to happen and in this current time, alot is happening already and even if we do not get to the all-time high price before the Bitcoin halving, we will likely see that ATH immediately after the block size got divided or reduced after the March - April 2024.
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Rabata
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February 16, 2024, 06:25:59 PM |
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Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip
To be a holder of Bitcoin must be holding it with a strong hand otherwise it is not possible to hold Bitcoin. We see a bearish segment before almost every bull market that sees a big decline. Those with a weak hand sell all their assets to minimise their losses at that time. Big investors win in that case. They use that opportunity to raise money from small and common investors. There is no substitute for patience when it comes to being a holder of Bitcoin. Bitcoin will make a new high after a long time and is likely to be much higher than the current price in the long run.
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Ruttoshi
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February 16, 2024, 07:26:02 PM Last edit: February 16, 2024, 08:02:31 PM by Ruttoshi |
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Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip
I think selling is individual action and you can't blame people for selling what they have invested in. If I had the chance to buy Bitcoin when it was around $15k during the exchange wars and FUD, I will happily sell my bags here because with this rally and recovery, I should have gain a healthy profits here. Even if I don't sell all, I will sell 70% here due to the nature of Bitcoin collapsed and volatility. Don't be shock if Bitcoin moves from here to $80k and then it reverse back to $35k in 2 years later, it's very possible and I don't see anything wrong in selling your investment. Some people will hold Bitcoin go up to a certain level but there greed will not give them right decision to sell and they will watch bitcoin collapse when bad thing happened until it reach or go below the price where they bought. I see that as waste of time in investment when you can sell and buy later. You are right mate, we bought our bitcoin to make profit, and we can sell whenever we see a good amount of profit. Holding it long will give you a compound value, compare to when you sell and buy back like what you said. This is where patience comes into play, because you might think that you have made profit, that you will sell off, and buy back, as easy as that. What if you sell and bitcoin price keep on pumping and when there was a correction, it just didn't go below the price that you sold. It is a very risky decision, and bitcoin is worth hodling and sell in the bull market. Anyone that sells now due to he has made profit, will regret when bitcoin price hits the new ATH.
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coolcoinz
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February 16, 2024, 07:28:14 PM |
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Someone once said that people make it look like a water flooding a dam. It slowly begins to overflow and then water breaks through and destroys everything on its path. People are just like that. They get poked by the price rising and they're always -nah it can't be real, it's not it, I'll wait a bit longer. Price rises a bit and pokes them back again and it repeats and repeats until they finally say -fuck it I'm buying.
Remember how the Wall Street Journal said that bitcoin is dead and all the investors who got in like Saylor and Bukele are regretting it? Just look at them now.
IMO whatever the future brings we're long past the times when people waited for bitcoin to correct back to 1k, 3k, or 10k. If you haven't bought sub 20k, you're not going to.
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aylabadia05
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February 16, 2024, 07:32:16 PM |
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The choice of being a long-term holder is better than choosing to be a daily, weekly or monthly trader.
Trading is difficult unless you are trying to arbitrage or front run or something. Holding is the safest way. Sure some people will make money trading but many won't. I have not yet found a trade that is easy to do. Trading requires high techniques and confusing strategies when doing it. There is only one type of trading that is easy for me that I have ever done, namely spot. If there are traders who say trading is easy to do, I doubt what they say. Long term investment is very safe in coins like Bitcoin. Buy and hold for a long period of time by moving it directly to your wallet if purchased on an exchange. Coins other than Bitcoin such as Ethereum are more comfortable if held for the long term in a wallet.
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gabbie2010
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February 16, 2024, 07:51:49 PM |
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Honestly with SEC approval and upcoming halving of Bitcoin these two events is a very clear indicator of likely upsurge in the price of Bitcoin and long term investors are very much in anticipation of the new ATH, though the Greyscale dump really affected it price of course price history of Bitcoin always shows a any major price corrections resulted to bullish sentiment, now that the price had reached $52K definitely with all indications the bullish run had already begun and there is the tendency that $100K price mark is achievable this year so it's up to hodlers to keep their coin because a time to earn some decent profits is coming soon
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serjent05
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February 16, 2024, 08:31:58 PM |
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People were expecting a massive movement on the market after the ETF approval. That did not happen instantly, but we can see the changes now. This is the year of Bitcoin mining reward halving and we are 63 days behind at this moment. We might not see instant movement after the halving, but we will see some movements after the halving period just like how it's moving right now. We might see some correction as well if it pumps too quickly, but that's the behavior of Bitcoin and we all know that. Let's wait and see what happens. We will revisit this after a few months.
It always takes time for something to take effect. So it is a false hope to think that Bitcoin will kick in as soon as the ETF were approved, it will take time and the current progress of Bitcoin shows that its true. It was stated that one of the reasons why Bitcoin price is rallying is due to the fact that ETF has gained momentum and its volume is getting larger and larger. I don't know if the bull already started but I agree that one of the key points in getting profit in Bitcoin is having patience. By holding Bitcoin and waiting for years is not in vain because Bitcoin market performance often peaks every 4 years and often starts when the halving happens. Honestly with SEC approval and upcoming halving of Bitcoin these two events is a very clear indicator of likely upsurge in the price of Bitcoin and long term investors are very much in anticipation of the new ATH, though the Greyscale dump really affected it price of course price history of Bitcoin always shows a any major price corrections resulted to bullish sentiment, now that the price had reached $52K definitely with all indications the bullish run had already begun and there is the tendency that $100K price mark is achievable this year so it's up to hodlers to keep their coin because a time to earn some decent profits is coming soon
True, the approval of ETF brings more fuel to the upcoming (possibly started) Bitcoin rally to new ATH.
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serveria.com
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February 16, 2024, 08:46:09 PM |
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I do remember earlier this year or so, when bitcoin just showed its first sign of bull or we were still anticipating, i tried telling some of friends that we might be entering a bull soon cause for a while now since 2021 bitcoin has not come anywhere near its last ATH and some of my friends that lump summed during that period are still on a lose on their portfolio and were thinking of selling, even when bitcoin reached 41k and then reduced back to 35k when Grayscale where selling massively I could see lot of tension on some persons, then it occurred to me every time something new wants to happen in bitcoin history it always brings this panic that causes the weak hands to sell, I did my best telling them to hold a little longer and I won't blame them, especially when what they had planned to use the money for is due and some would say how would you know what it's feels when your just starting, yes true I might not have been in the business of holding for long but one tho I am sure about is nothing can stop the raging bull when it comes.
We all know that bitcoin would only continue to be scare as times goes, right now their is no asset that can be more scarce than bitcoin, not even gold and bitcoin offers more than an investment opportunity but also a good store of value. And right now I can see a lot of happy faces as bitcoin reaches a new hight of 51k, I do believe a little correction might occur, but let's not be surprised that all our patients and steady buying might payoff soon as bitcoin can reach a néw ATH of 100k, its still early in the year and who knows what to expect.
Just hold and keep patience right by your side.
I agree but I'm also a bit shocked that some people are still selling right before the halving. Where have you guys been for the last 10 years or so? The pattern is pretty obvious, anyone with just above a room temperature IQ should have gotten it. Scary? Going down from $19k to $3k that's what really is scary.
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Wakate
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February 16, 2024, 08:50:15 PM |
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Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip
To be a holder of Bitcoin must be holding it with a strong hand otherwise it is not possible to hold Bitcoin. We see a bearish segment before almost every bull market that sees a big decline. Those with a weak hand sell all their assets to minimise their losses at that time. Big investors win in that case. They use that opportunity to raise money from small and common investors. There is no substitute for patience when it comes to being a holder of Bitcoin. Bitcoin will make a new high after a long time and is likely to be much higher than the current price in the long run. The current bull market is what we are seeing now and with time I am very sure that the price of Bitcoin might even reach $100k due to the Bitcoin ETF backing. This is the long awaited time and we all how that it's going to last longer than what we expected. Those that already holding Bitcoin before now would know the value of being an holders even when the real bull is yet to come. The crypto market current is worth more than a trillion dollars and with time, it could surpass that amount to what we don't expect due to the current bull movement of Bitcoin and other crypto projects that are in the market.
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EluguHcman
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February 16, 2024, 08:54:39 PM |
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I don't think if any terms Bitcoin investors would ever want to sell off their Bitcoin when they have alternative source of incomes to survive their financial demands while with the awareness that something huge profitable as the bull-run is coming behind the corner sooner or later.
Earlier on, Bitcoin investment requires the inventors to be engaged on Alt financial sources due to the time factors (patient) implied as the formula for Bitcoin Investors to make it appreciably and probably at when there is increments in the market. I am sure if those friends had sold their Bitcoins before these days of the bull-run, they would be regretting it by now. Although, we still need to consider that no matter how attractive a treasure is, something else which is about human life is worth than it so, literarily depends on how they spent the money sold of of it that would justify their emotional consciences in this fact but yet, "PATIENT is the watch ward if you must make it count appreciative in the Bitcoin crytop industry.
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sulendra12
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February 16, 2024, 08:55:07 PM |
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Unfortunately not everyone have that much patience to hold until their desired price. Especially if they need the money urgently or they are not planning to do long-term hodl. Just do whatever they want, but when it comes to long hodl then it just varies between each trader, they have their own strategy if they are looking for constant profit or something else. Not everyone will sell when bull market, they have other plans to do.
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South Park
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February 16, 2024, 08:56:54 PM |
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The current bull market is what we are seeing now and with time I am very sure that the price of Bitcoin might even reach $100k due to the Bitcoin ETF backing. This is the long awaited time and we all how that it's going to last longer than what we expected. Those that already holding Bitcoin before now would know the value of being an holders even when the real bull is yet to come. The crypto market current is worth more than a trillion dollars and with time, it could surpass that amount to what we don't expect due to the current bull movement of Bitcoin and other crypto projects that are in the market.
If I am honest I was trying to be very conservative with my predictions regarding the price of bitcoin, since I thought that with such a massive market cap it would take bitcoin a great deal of time to reach a new ATH, but with how things are going and how high the price already is before the halving even takes place, I cannot do nothing but to admit I was wrong and bitcoin will most likely reach a value I thought I could not see until the 2028 bull run, not that it bothers me as this is one of the instances in which I am happy I was wrong.
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Troytech (OP)
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February 16, 2024, 08:58:26 PM |
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Well we could say a lot of things might have contributed to this Current bullrun cause most of us were expecting it to come after the halving, it could be from the ETF or even most person rushing in with hopes of the bull market so they could take their profits, but what most shocking is that most people fail to understand and have a little faith in what there are doing and help themselves by holding bitcoin for long at least for 4 years when some compounding effect has taken place on their portfolio, many persons still see bitcoin as a get rich quick scheme hence why they can Hold bitcoin for long and that's why i think crypto scam would never end because most person would still prefer to follow to good to be true schemes than hold bitcoin and get that sure 2x or even 8x on their portfolio, I'm not saying 100x or more can't still happen cause I know bitcoin is getting more scare than before and a lot of persons are now grabing onto the idea of HODLING their bitcoin for long than seeking short term profits with it.
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The Cryptovator
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February 16, 2024, 09:02:55 PM |
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For me, patience is the main concern; I don't have enough patience. Crypto started moving up when I sold. A few cryptos, including Bitcoin, I am holding, but, for short, when I sell them during the pump, it doesn't go back to that price again. That means my patience power is quite low, or I am too greedy to take a short trade. However, I am still holding a part of my portfolio in crypto and some in stable coins. So when I dump the market, I can take advantage. For the holdings, I won't sell them until they reach the target.
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EL MOHA
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February 16, 2024, 09:16:08 PM |
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Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip
See one of the key features of been patient to hold on to your coin even during the dip period is when you are comfortable with losing that coin. This is where some investors actually make mistakes most especially newbies. Once they see a pump happening they FOMO into buying and most at times it is with an amount to huge that they can’t afford to lose or the amount they need in a short period of time. So this kind of investors you can’t simply take them away from panic sells during dips or small pumps.
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BITCOIN4X
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February 16, 2024, 09:25:07 PM |
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Every long-term investor knows that it is not the right time to sell Bitcoin, as there is a good chance that the price will rise. Therefore, whoever has not sold within 16 thousand dollars will not sell now and will definitely make profits. The strength of Bitcoin can wait. The longer you wait, the greater the chance that your investments will achieve a loss. Less and so on. I advise your friends to think carefully before investing and to forget Bitcoin after buying it (I advise them to use a good wallet that has cold storage capabilities and that it is open source) and after more than 3 years they can safely sell their bitoin without loss. I'm not sure about it, but did you write something wrong, or did I interpret it differently? Bitcoin investment for the long term will be more profitable than short term and therefore it is advisable to buy and hold. Investors won't get rich overnight unless they know when $500M comes into the market before the pump starts. Of course they can take advantage of volatility to accumulate assets, but it may take a lot of effort and analysis so as not to lose due to volatility. Buy now and sell later is highly recommended, especially when the desired target has been met. Its price could potentially reach $100k in the next bull run, some experts even predict it could reach $250k next year. It's too good to be true, so just maximize the opportunities first and reap the benefits later.
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Dr.Bitcoin_Strange
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February 16, 2024, 10:40:21 PM |
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With the great surge in Bitcoin price this year, I believe that we will surpass the last ATH of Bitcoin after the Bitcoin halving. This is the time to patiently hold and wait for the peak price. Despite the fact that no one can accurately tell what the actual and last price of Bitcoin will be during the bull market, I suggest that an investor set a certain price at which they would want to sell their coin. If the price of Bitcoin begins to pump more than it has already done, some people will be tempted to sell all their holdings at once, which is not right because they might still fall back to regretting why they sold so early when they see Bitcoin going about $100k or $120k.The approach that I think is more right to sell is to set at least three or four prices at which you expect to sell off your holding in fractions, just like DCA. It will reduce the urge to sell off all asset at once if the price just gets to $65k or $80k.
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