Are we ready for another price bump? Reminder for the shortsighted people. :-> - page 2.

goto22

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Quote from: Kakmakr on September 30, 2019, 04:24:33 AM

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins. Roll Eyes

https://www.blockchain.com/charts/market-price?timespan=1year

I am posting this as a reminder to those people with a short memory that things in Bitcoin change at a very rapid pace and if you are too focused on the immediate price, you might just miss out on the next big price bump. Wink

Also remember that we were playing around with a $3000 to $4000 Bitcoin price back in January, so it is not the end of the world, if we see a little correction. Grin

Buy low and hoard those coins, you will not be disappointed if you do. Roll Eyes

A lot of people are new in crypto, and they are simply not used to such changes. Those who have been around for a while — and especially in early 2018 — know that what you had said is true. Although, I agree that it is necessary for new traders and investors to be educated on the volatility and sudden changes, simply to help them avoid making bad decisions.

Astvile

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Price bump/pump is all what we wanted to see all this years that passed by.Who else doesnt wanna profit on bitcoin?all of us do wants to profit.
I believe that bitcoin will be beating its record again maybe next year im trusting it so im hodling my curent bitcoin funds and bought some for stocking.

Darker45

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Quote from: Kakmakr on October 01, 2019, 01:38:47 AM

Since I started this thread the price recovered with more than $400, so it is not unrealistic to expect that we might see a further recovery back to $10 000 or even back to $20 000. I know a lot of people are new to Crypto currencies and all this volatility must be a scary situation for them, but do not lose faith that this can turnaround within a few days.

If a price can drop with 20% in a day or two, it can surely spike with the same percentage. We have seen this multiple times before, so we know it can happen. When it does happen, it feels like you are doing a bungy jump, because the adrenaline is pumping when it happens. Wink

Those of us who are here for a longer time may not anymore feel that bungee jumping feeling. Although there is still a certain degree of shock if it is around 10% that decreased in the price in just a matter of hours or even in a day's time, the feeling is not anymore like when we were newbies ourselves. Before, even a short red candle is enough for me to get bothered, compute my loss, and check the prices almost every minute hoping that they have already recovered.

I guess a newbie should just listen to the stories of people who came earlier if he feels that he is starting to get emotional about the bumpy ride and he will somehow be soothed. In the 10 years of Bitcoin's life, worse events have already happened.

nelson4lov

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Quote from: Kakmakr on October 01, 2019, 01:38:47 AM

Since I started this thread the price recovered with more than $400, so it is not unrealistic to expect that we might see a further recovery back to $10 000 or even back to $20 000. I know a lot of people are new to Crypto currencies and all this volatility must be a scary situation for them, but do not lose faith that this can turnaround within a few days.

If a price can drop with 20% in a day or two, it can surely spike with the same percentage. We have seen this multiple times before, so we know it can happen. When it does happen, it feels like you are doing a bungy jump, because the adrenaline is pumping when it happens. Wink

Having faith doesn't work with crypto trading. It purely depends on market situations. If there's more demand, great. The price should be going sky high. If the reversed is the case, You might end up catching a falling knife. But one thing I'm quite certain of is that, Bitcoin would still recover back. It might not be immediately. Remember the $400+ pump is a relief rally. For me, I'm all set for another BTC ride. No longer in USDT.

ene1980

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Quote from: Kakmakr on September 30, 2019, 04:24:33 AM

Buy low and hoard those coins, you will not be disappointed if you do.

This is the basic strategy everyone must follow when it comes to trading, but what majority of them does is sell off when the market goes down thinking that it wont recover anytime soon and then speculate and miss out all the investment and then curse the market that they ended up in a loss. Always invest when the market is low and go for the long term rather than taking investment decisions without thinking.

Kakmakr

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Since I started this thread the price recovered with more than $400, so it is not unrealistic to expect that we might see a further recovery back to $10 000 or even back to $20 000. I know a lot of people are new to Crypto currencies and all this volatility must be a scary situation for them, but do not lose faith that this can turnaround within a few days.

If a price can drop with 20% in a day or two, it can surely spike with the same percentage. We have seen this multiple times before, so we know it can happen. When it does happen, it feels like you are doing a bungy jump, because the adrenaline is pumping when it happens. Wink

boris2470

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Activity: 113

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Quote from: Kakmakr on September 30, 2019, 04:24:33 AM

On 6th of July 2019 the Bitcoin price was hovering around $7700 and within 20 days it went up to almost $12600+ and nobody even anticipated that it might happen. This was just over 2 months ago and a lot of people with a very short memory are already panicking and selling their coins. Roll Eyes

https://www.blockchain.com/charts/market-price?timespan=1year

I am posting this as a reminder to those people with a short memory that things in Bitcoin change at a very rapid pace and if you are too focused on the immediate price, you might just miss out on the next big price bump. Wink

Also remember that we were playing around with a $3000 to $4000 Bitcoin price back in January, so it is not the end of the world, if we see a little correction. Grin

Buy low and hoard those coins, you will not be disappointed if you do. Roll Eyes

I agree with the author of this thread. Bitcoin is an asset that will grow in any case, it needs time to go through the key points of resistance. Now the bear market is coming and this is good, as there is the opportunity to buy Bitcoin at a super bargain price. And to get profit you need to wait

joshv06

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Quote from: Darker45 on September 30, 2019, 10:24:41 AM

Quote from: Kakmakr on September 30, 2019, 04:24:33 AM

...than jumping the ship and being out of coins when it happens.> Roll Eyes

Could you be kind enough to elaborate more on this? Grin

Of course, I could be wrong but this could mean $20,000 to the majority. That ATH has become the standard and even the only hope to many of us during this certain age of the Bitcoin world.

If that it refers to $100,000, how many of you are still HODLing 100% of your BTC when the price passes through $50,000?

It makes me chuckle a little because of how shortsighted people could be. And I am referring to most of us, you and me included. In fact, even the most veterans of us here might have sold many of their BTC at $1,000 or even $500. Who would believe that it would grow as big as $20,000 when it was just cents a few years ago?

(Photo grabbed from https://twitter.com/Rhythmtrader/status/1178404074838020100)

Here we go, this shows how the crypto market has changed the atmosphere globally. Investing in BTC is like a millionaire project and yes those who made investment before years are living a lavish life now. BTC is a real life changer it will give you surprises after few years currently the market is unstable which doesn't mean it's dropping wait till the end to this year if you want to see some big changes in the value this is for those who are eagerly to sell BTC.

pooya87

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for the time being it seems like the market is deep in panic mode and people aren't really willing to go any other way. which is why we have not yet seen the recovery start. and surprise surprise it is the same exact thing we had earlier this year when people were filled with dread when price was struggling behind $4k barrier. their reaction right afterwards was more surprising when they panic bought bitcoin to shoot the price above $6k and then reach $13k in a short time.
i'm afraid we are in for another repetition.

voltesbit777

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Quote from: yazher on September 30, 2019, 04:50:23 AM

Bitcoin price has a higher percentage to get back on $10,000 again, base on the movement of the price a month ago. The more it falls the more the chances to get its prices to above $10,000 again.

most of the intelligent investors know this thing that's why they are waiting for it to get to it's lowest price then they will swarm on buying it again. Buying Low and selling high can be tricky sometimes because you don't know if this the lowest price it can get. but as of now, the price is under $8000 no one can tell us here if this is the last price or no.

In other words, the market in Bitcoin is unintentionally unpredictable, but you're right in saying, some investors are looking forward to dropping its market price. As it happened a week ago, bitcoin's value has dropped, which has also spurred bitcoin buyers as it has dropped prices to date. So let's take advantage of the opportunity as long as we can buy at a cheap price.

jhonjhon

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Well you know it’s pretty normal for those new investors to panic and sell coins whenever they see it’s good to sell because they don’t have enough exposure of cryptocurrencies market or should I say they don’t have that strong trust in bitcoin because they haven’t experienced what happened in the past wherein the price went low at $3k and then in just a matter of months it went up to $12-$13k. As investors we all want to have profits that is why we tend to see panic selling of coins because they don’t want to miss out the profit that they can get even with a few pump in price.
On the other hand, I guess investors should understand the market better and trust bitcoin that it will once again rise despite a few dumps because it already happened before so it will surely happen again, we just have to be a little patient for the right time to come, besides it’s bitcoin, nothing can go wrong with bitcoin.

btc_angela

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Let those weak hands sell their coins for a cheap price. And I'm sure someone from the other side are very happy picking it up at a discount price. As the saying goes, 'buy when there's blood in the streets', so definitely I'm taking advantage of the situation. And I'm still very positive that we can bounce back in the coming weeks and months, so take this opportunity.

CLS63

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We should be accustomed to Bitcoin's movements by now. This is Bitcoin's nature and it will always be volatile like we see now. I am ready for a price bump and it might not be so far away from this date.

Shenzou

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If one thing that bitcoin has tough us over the years is everything that you think is impossible is possible, none can forget back in 2017 where the price skyrocketed and everyone though it will never be able to reach like 19k or 18k until a couple of years where in a span of a month it went from 6k to 19k, the one thing that i can say is that we have been spoiled by bitcoin, just because the price went down a bitcoin people are complaining and losing hope where they forget where we came from, keep in mind that there was nothing major that pushs the prcie this years, but keep in mind that next year with the halving things will change so this is the only chance that you have to invest as much as you can before the price starts ascending.

Argoo

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The cryptocurrency market usually grows in price in the last quarter of the year. We are just approaching this period of time. Therefore, bitcoin can still drop in price, and then, after some are sold and others are bought up at a cheap price, then bitcoin can even go up to even 15,000 - 20,000 dollars. Even if this does not happen at the end of this year, then certainly in the first half of next year.

Darker45

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Quote from: Kakmakr on September 30, 2019, 04:24:33 AM

...than jumping the ship and being out of coins when it happens.> Roll Eyes

Could you be kind enough to elaborate more on this? Grin

Of course, I could be wrong but this could mean $20,000 to the majority. That ATH has become the standard and even the only hope to many of us during this certain age of the Bitcoin world.

If that it refers to $100,000, how many of you are still HODLing 100% of your BTC when the price passes through $50,000?

It makes me chuckle a little because of how shortsighted people could be. And I am referring to most of us, you and me included. In fact, even the most veterans of us here might have sold many of their BTC at $1,000 or even $500. Who would believe that it would grow as big as $20,000 when it was just cents a few years ago?

(Photo grabbed from https://twitter.com/Rhythmtrader/status/1178404074838020100)

pieppiep

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Quote from: xvids on September 30, 2019, 08:42:08 AM

Yes try to buy some and take advantage of the low price aim for the future and don't let the short price dump scare you.
The newbie's should try to learn from the past price of crypto and don't let their emotion eat them .

People only care when the price has started to increase, and they will start to buy when they see the price changes from the red candle into the green candle. I think that will be a little bit too late because the price has begun to increase and they don't get a very low price because they don't see a chance when the price is at the red candle. That happens to most people at the market, only some of them can use the moment of the dropping of the price and take the benefits to get a low price.

When we can see the price is down and make a red candle, we should prepare to buy bitcoin otherwise we can only stay calm and don't panic. The option will be yours and only you that will know what you need to do. The important here is don't panic and keep analyze and decide to buy, wait, or even don't do anything.

xvids

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Yes try to buy some and take advantage of the low price aim for the future and don't let the short price dump scare you.
The newbie's should try to learn from the past price of crypto and don't let their emotion eat them .

poptok1

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Bobby Fischer was right

Quote from: mk4 on September 30, 2019, 04:30:52 AM

"When in doubt, zoom out!"

Absolutely brilliant quote, proverbial, short and on target. New favourite of mine

Always better to grasp a bigger picture, not only in crypto. And the bigger picture definitely suggest some major moments.
Question is, in what direction? Short term will be, as always pretty bumpy but general tendency remains as uptrend.
Looks like most of us are optimistic, I hope we are not on overhype mode, blinded by enthusiasm...
Nevertheless corrections usually get equalised at some point, so as always patience is the key.

Wexnident

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Quote from: Kakmakr on September 30, 2019, 04:24:33 AM

Buy low and hoard those coins, you will not be disappointed if you do. Roll Eyes

Words of wisdom right there. Bitcoin is sometimes really unpredictable and would spike up at a moments notice without any warning. This has happened a lot of times and yet people still get scared and panic sell their coins when the price is at a low.

Quote from: bhabygrim on September 30, 2019, 07:11:47 AM

When it comes to investment in Bitcoin it is better to look at it for a long term sight rather than just a short sight where if the price drop happens they would tend to panic and sell.

Honestly, short term investment in bitcoin can be looked at as a waste. Just like what you said, longnterm is the way to go.

Patience is a must when holding coins and honestly, those without such characteristic can hardly profit in the crypto market.

Topic: Are we ready for another price bump? Reminder for the shortsighted people. :-> - page 2. (Read 2403 times)