Bitcoin continues dumping even MicroStrategy purchased additional Bitcoin.

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Quote from: MCobian on May 25, 2021, 06:25:18 PM

Quote from: traderethereum on May 25, 2021, 04:10:27 AM

Waiting for the market to recover will be good for you as I admitted that it is hard to analyze the market. Even if we try to scalping trade, that will not be easy to do.
I do not enter the market too often in a week because I feel hard to know the time to enter the market.
Maybe bitcoin will be like the current until the end of this month, but we can see a chance in the next month.
But many things can happen to bitcoin so we need to be patient.

If we are impatient and prone to panic in situations like now, it will only be detrimental to ourselves. There are many possibilities that can happen
to Bitcoin, therefore Bitcoin is called an investment that has a very high risk. There is nothing we can do but monitor Bitcoin's movements first,
but if we look at the current price of Bitcoin it still can't get past the $ 40k price. It's still very possible that the Bitcoin price will fall again,
therefore we do not need to rush into decisions in conditions like now. Be patient with our Bitcoin holding is the best thing to do. Although waiting
for Bitcoin to rise is tedious, but we inevitably have to do it. The process of making profit in Bitcoin is not as easy as imagined.

Indeed. We can do something else if we feel bored waiting for the bitcoin price increases.
We know that will need times before the price can bounce back to the higher price, so maybe we can relax for a while and enjoy our time by leaving the market.
I think we are now entering the sideway moment because the bitcoin price is not giving a significant move on the market.
But we must prepare for anything that can happen because bitcoin will move in anytime which we do not know when that will comes.

MCobian

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Quote from: traderethereum on May 25, 2021, 04:10:27 AM

Quote from: MCobian on May 23, 2021, 04:47:42 AM

Quote from: traderethereum on May 22, 2021, 01:06:09 AM

Quote from: ?? on ??

~

Waiting for the market to recover will be good for you as I admitted that it is hard to analyze the market. Even if we try to scalping trade, that will not be easy to do.
I do not enter the market too often in a week because I feel hard to know the time to enter the market.
Maybe bitcoin will be like the current until the end of this month, but we can see a chance in the next month.
But many things can happen to bitcoin so we need to be patient.

If we are impatient and prone to panic in situations like now, it will only be detrimental to ourselves. There are many possibilities that can happen
to Bitcoin, therefore Bitcoin is called an investment that has a very high risk. There is nothing we can do but monitor Bitcoin's movements first,
but if we look at the current price of Bitcoin it still can't get past the $ 40k price. It's still very possible that the Bitcoin price will fall again,
therefore we do not need to rush into decisions in conditions like now. Be patient with our Bitcoin holding is the best thing to do. Although waiting
for Bitcoin to rise is tedious, but we inevitably have to do it. The process of making profit in Bitcoin is not as easy as imagined.

traderethereum

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Quote from: MCobian on May 23, 2021, 04:47:42 AM

Quote from: traderethereum on May 22, 2021, 01:06:09 AM

Quote from: ?? on ??

These days the Bitcoin price is very volatile. Therefore, my advice is not to monitor the current Bitcoin price too often, because it will only
make us panic. The market is in a bad condition for trading, because the risk is very high. My advice is just HODL our Bitcoin and leave it
for a few weeks, I hope the Bitcoin market will improve soon.

Yes, a hold will be better if you think you can not enter the market or doubt that the market can increase in a short time.
Yesterday, I tried to enter the market to buy and sell but it seems the market can not move well as I predicted.
After cash out, I decide not to enter the market and wait for a while because I feel that the market will go down, but I am hard to predict if that will go down for deep or just a correction.
If you have high skills in scalping trading, you can use this time to buy low and sell high, and you do not need to wait for more to take a bigger profit.
Just take profit when you can see it, not to miss the chance to make a profit.

Bitcoin movements are increasingly difficult to predict, and I also don't have scalping skills, so I choose to wait for the market to recover.
Now is not the right time to enter the market, because I doubt Bitcoin will soon increase or even can decrease in price. So I can only hold
the Bitcoin that I have and keep a portion of my trading capital in stablecoins. I actually really hope Bitcoin can come back to over $ 50k soon.
But do not know when this can happen.

Waiting for the market to recover will be good for you as I admitted that it is hard to analyze the market. Even if we try to scalping trade, that will not be easy to do.
I do not enter the market too often in a week because I feel hard to know the time to enter the market.
Maybe bitcoin will be like the current until the end of this month, but we can see a chance in the next month.
But many things can happen to bitcoin so we need to be patient.

MCobian

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Quote from: traderethereum on May 22, 2021, 01:06:09 AM

Quote from: ?? on ??

Quote from: traderethereum on May 20, 2021, 12:11:33 AM

Quote from: MCobian on May 19, 2021, 01:55:18 AM

Quote from: traderethereum on May 19, 2021, 12:33:18 AM

~

These days the Bitcoin price is very volatile. Therefore, my advice is not to monitor the current Bitcoin price too often, because it will only
make us panic. The market is in a bad condition for trading, because the risk is very high. My advice is just HODL our Bitcoin and leave it
for a few weeks, I hope the Bitcoin market will improve soon.

Yes, a hold will be better if you think you can not enter the market or doubt that the market can increase in a short time.
Yesterday, I tried to enter the market to buy and sell but it seems the market can not move well as I predicted.
After cash out, I decide not to enter the market and wait for a while because I feel that the market will go down, but I am hard to predict if that will go down for deep or just a correction.
If you have high skills in scalping trading, you can use this time to buy low and sell high, and you do not need to wait for more to take a bigger profit.
Just take profit when you can see it, not to miss the chance to make a profit.

Bitcoin movements are increasingly difficult to predict, and I also don't have scalping skills, so I choose to wait for the market to recover.
Now is not the right time to enter the market, because I doubt Bitcoin will soon increase or even can decrease in price. So I can only hold
the Bitcoin that I have and keep a portion of my trading capital in stablecoins. I actually really hope Bitcoin can come back to over $ 50k soon.
But do not know when this can happen.

adaseb

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Yes its great that he is buying more and more however he should of bought all these bitcoins back in the $10-$25K area. Right now his average is like $25K. And the issue is that if bitcoin keeps going lower and lower, the share price of his stock will go down. The share holders will not like that.

If they can, and especially the people that lend him the money, they might get scared with all this "bitcoin not friendly to environment" and might get him to sell for break-even or a small loss rather than going down with the ship and being forced to liquidate BTC which is never a good thing.

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Quote from: BrewMaster on May 19, 2021, 10:41:33 AM

i would love to see the faces of those altcoin bag holders who have been fooled by people like Elon Musk to bag hold some useless shitcoin that is dumping so much harder than bitcoin these days. they must be in a big loss already, Elon included if he did indeed bag held DOGESHIT coin.

for now it is time to start setting some buy orders like a ladder starting from current price and decrease in steps of $1000 or so depending on your preference.

And it's not over yet, far from. If these people are crying now, I don't know how they'll react when there're no tears left when they realise the crash for them has only just begun. Elon? Well, if he's bagholding since TikTok days then he's way more in profit and can certainly hold on for much longer.

Not to mention buying up more BTC while criticising it.

Limit order ladder to buy every dip? Me likey.

adzino

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The current dump is because of FUDs. What's funny is that most of the people are blaming only Musk for it. Lol. Why blame him? Tesla hasn't sold the rest of the bitcoin they are holding. Blame those that are dumping theirs coins. Blame people that are spreading rumors and causing people to panic sell. We are hearing rumors about more strict regulation and policies that are about to be imposed (likely true). And then there is China (confused as usual) threatening to ban mining and trading.
Microstrategy is just taking advantage of everything. They know eventually it will stop and the market will recover.

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Quote from: The Cryptovator on May 18, 2021, 09:30:08 AM

First time I see a negative effect in Bitcoin after accumulating by institutional investors. Is there something else reason behind of recent dump?

I would say that the reason is that people value EM and Tesla far more than is the case with MicroStrategy - so even though this is the company that threw literally all the cards at BTC, the average Joe (especially the one outside the US) is not even aware that that company exists, so such good news is literally lost in everything that is bad - and the fact is that the media always emphasizes bad news because that is what people are interested in after all.

Also, the human mind takes small numbers literally as such, so 229 BTC is not something that would cause a positive wave - regardless of the fact that it is a larger amount of money. We seem to have reached a stage where it doesn’t matter how much someone bought, but who bought it - imagine the effect of someone posting the news that Amazon only bought 100 BTC - I guarantee a 10-15% jump in a couple of hours.

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Quote from: ?? on ??

Quote from: traderethereum on May 20, 2021, 12:11:33 AM

Quote from: MCobian on May 19, 2021, 01:55:18 AM

Quote from: traderethereum on May 19, 2021, 12:33:18 AM

People panic to see the bitcoin price is still going down so they sell some bitcoin to prevent the big loss and buy back again at a low price.
The retails company will use the time to buy bitcoin at a low price and I think they already make an order buy at a low price with a lot of money.
The price itself is still going down but we do not know how far the price will go down and hopefully, the price will not go below $40k.
But if that really happens, we can not do anything except prepare to buy at that low price.
But I guess the most reason why bitcoin continues dumping is that people are panic.

The most reasonable reason why Bitcoin price has dropped dramatically, there are indeed many Bitcoin holders who panic and end up selling
their Bitcoin. Even now that Bitcoin has dropped below the price of $ 40k, this will cause more and more people to panic. If it happens like this
there is nothing we can do, I prefer HODL Bitcoin that I have. But I also wouldn't blame people for cutting losses and buying Bitcoin at a low price.

Yesterday, bitcoin was down below $30k, but fortunately, the price can bounce and back to $30k and still increase and now, the price is back to $38k.
I hope people will not panic if the correction still happens this week and only search for the chance to buy more bitcoin if the price is down.
Yes, I agree that we need to hold bitcoin, even if the price is down, but we can buy bitcoin if the price reaches the bottom.
That will be their decision to cut losses and sell their bitcoin while they are expected to buy bitcoin at a low price.

These days the Bitcoin price is very volatile. Therefore, my advice is not to monitor the current Bitcoin price too often, because it will only
make us panic. The market is in a bad condition for trading, because the risk is very high. My advice is just HODL our Bitcoin and leave it
for a few weeks, I hope the Bitcoin market will improve soon.

Yes, a hold will be better if you think you can not enter the market or doubt that the market can increase in a short time.
Yesterday, I tried to enter the market to buy and sell but it seems the market can not move well as I predicted.
After cash out, I decide not to enter the market and wait for a while because I feel that the market will go down, but I am hard to predict if that will go down for deep or just a correction.
If you have high skills in scalping trading, you can use this time to buy low and sell high, and you do not need to wait for more to take a bigger profit.
Just take profit when you can see it, not to miss the chance to make a profit.

Obito

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Quote from: monineklutak on May 19, 2021, 12:45:16 PM

MicroStrategy is indeed very famous for buying bitcoin when the price Dumps, yeah and that is very helpful,
because the price can be controlled better than the previous volatility, with companies buying Bitcoin,
the Bitcoin price will continue to experience more demand, because trust is what must we keep Bitcoin always experiencing mass adoption

I wouldn't say that it helped a lot because it was still on the millions that they have bought compared to what was sold in the market which is billions. At this point, what we can do is just hodl and stay strong because this is just a temporary thing that is testing every bitcoin stakeholder whether they have faith or not.

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Quote from: bitzizzix on May 20, 2021, 12:34:18 AM

Quote from: traderethereum on May 20, 2021, 12:11:33 AM

Quote from: MCobian on May 19, 2021, 01:55:18 AM

Quote from: traderethereum on May 19, 2021, 12:33:18 AM

People panic to see the bitcoin price is still going down so they sell some bitcoin to prevent the big loss and buy back again at a low price.
The retails company will use the time to buy bitcoin at a low price and I think they already make an order buy at a low price with a lot of money.
The price itself is still going down but we do not know how far the price will go down and hopefully, the price will not go below $40k.
But if that really happens, we can not do anything except prepare to buy at that low price.
But I guess the most reason why bitcoin continues dumping is that people are panic.

The most reasonable reason why Bitcoin price has dropped dramatically, there are indeed many Bitcoin holders who panic and end up selling
their Bitcoin. Even now that Bitcoin has dropped below the price of $ 40k, this will cause more and more people to panic. If it happens like this
there is nothing we can do, I prefer HODL Bitcoin that I have. But I also wouldn't blame people for cutting losses and buying Bitcoin at a low price.

Yesterday, bitcoin was down below $30k, but fortunately, the price can bounce and back to $30k and still increase and now, the price is back to $38k.
I hope people will not panic if the correction still happens this week and only search for the chance to buy more bitcoin if the price is down.
Yes, I agree that we need to hold bitcoin, even if the price is down, but we can buy bitcoin if the price reaches the bottom.
That will be their decision to cut losses and sell their bitcoin while they are expected to buy bitcoin at a low price.

Of course the only HODL we can do in a situation where the price of bitcoin continues to decline until now, there is a possibility that the decline will continue and I hope that doesn't happen.
I am sure many people are confused and worried about the current situation and what to do and there must be a sense of regret for not selling it when the price is still high, and only the best HODL can do it and buy gradually to minimize losses when the price continues to decline.

I also hope that will not happen because it can attract more people to panic and sell their bitcoin instantly.
When they can calm down and do not panic, they will not feel confused or worried to see the price fluctuate because they still believe that Bitcoin will be back to the high price someday.
In this matter, HOLD will be the solution for us while we can have another way to buy bitcoin at a low price.
I am sure the company or institution or personal can use this time to buy more bitcoin before the price starts to increase.

Kittygalore

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Quote from: monineklutak on May 19, 2021, 12:45:16 PM

MicroStrategy is indeed very famous for buying bitcoin when the price Dumps, yeah and that is very helpful,
because the price can be controlled better than the previous volatility, with companies buying Bitcoin,
the Bitcoin price will continue to experience more demand, because trust is what must we keep Bitcoin always experiencing mass adoption

This time though, they didn't bought a lot of bitcoin to significantly divert the crashing prices but who knows what happens next, these meager amount might be able to stimulate the market and the investors that wants to get in might find that it is the right time to buy bitcoin.

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Quote from: traderethereum on May 20, 2021, 12:11:33 AM

Quote from: MCobian on May 19, 2021, 01:55:18 AM

Quote from: traderethereum on May 19, 2021, 12:33:18 AM

People panic to see the bitcoin price is still going down so they sell some bitcoin to prevent the big loss and buy back again at a low price.
The retails company will use the time to buy bitcoin at a low price and I think they already make an order buy at a low price with a lot of money.
The price itself is still going down but we do not know how far the price will go down and hopefully, the price will not go below $40k.
But if that really happens, we can not do anything except prepare to buy at that low price.
But I guess the most reason why bitcoin continues dumping is that people are panic.

The most reasonable reason why Bitcoin price has dropped dramatically, there are indeed many Bitcoin holders who panic and end up selling
their Bitcoin. Even now that Bitcoin has dropped below the price of $ 40k, this will cause more and more people to panic. If it happens like this
there is nothing we can do, I prefer HODL Bitcoin that I have. But I also wouldn't blame people for cutting losses and buying Bitcoin at a low price.

Yesterday, bitcoin was down below $30k, but fortunately, the price can bounce and back to $30k and still increase and now, the price is back to $38k.
I hope people will not panic if the correction still happens this week and only search for the chance to buy more bitcoin if the price is down.
Yes, I agree that we need to hold bitcoin, even if the price is down, but we can buy bitcoin if the price reaches the bottom.
That will be their decision to cut losses and sell their bitcoin while they are expected to buy bitcoin at a low price.

Of course the only HODL we can do in a situation where the price of bitcoin continues to decline until now, there is a possibility that the decline will continue and I hope that doesn't happen.
I am sure many people are confused and worried about the current situation and what to do and there must be a sense of regret for not selling it when the price is still high, and only the best HODL can do it and buy gradually to minimize losses when the price continues to decline.

traderethereum

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Quote from: MCobian on May 19, 2021, 01:55:18 AM

Quote from: traderethereum on May 19, 2021, 12:33:18 AM

People panic to see the bitcoin price is still going down so they sell some bitcoin to prevent the big loss and buy back again at a low price.
The retails company will use the time to buy bitcoin at a low price and I think they already make an order buy at a low price with a lot of money.
The price itself is still going down but we do not know how far the price will go down and hopefully, the price will not go below $40k.
But if that really happens, we can not do anything except prepare to buy at that low price.
But I guess the most reason why bitcoin continues dumping is that people are panic.

The most reasonable reason why Bitcoin price has dropped dramatically, there are indeed many Bitcoin holders who panic and end up selling
their Bitcoin. Even now that Bitcoin has dropped below the price of $ 40k, this will cause more and more people to panic. If it happens like this
there is nothing we can do, I prefer HODL Bitcoin that I have. But I also wouldn't blame people for cutting losses and buying Bitcoin at a low price.

Yesterday, bitcoin was down below $30k, but fortunately, the price can bounce and back to $30k and still increase and now, the price is back to $38k.
I hope people will not panic if the correction still happens this week and only search for the chance to buy more bitcoin if the price is down.
Yes, I agree that we need to hold bitcoin, even if the price is down, but we can buy bitcoin if the price reaches the bottom.
That will be their decision to cut losses and sell their bitcoin while they are expected to buy bitcoin at a low price.

monineklutak

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MicroStrategy is indeed very famous for buying bitcoin when the price Dumps, yeah and that is very helpful,
because the price can be controlled better than the previous volatility, with companies buying Bitcoin,
the Bitcoin price will continue to experience more demand, because trust is what must we keep Bitcoin always experiencing mass adoption

BrewMaster

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i would love to see the faces of those altcoin bag holders who have been fooled by people like Elon Musk to bag hold some useless shitcoin that is dumping so much harder than bitcoin these days. they must be in a big loss already, Elon included if he did indeed bag held DOGESHIT coin.

for now it is time to start setting some buy orders like a ladder starting from current price and decrease in steps of $1000 or so depending on your preference.

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Quote from: proudhon on May 18, 2021, 12:04:37 PM

Quote from: tokeweed on May 18, 2021, 11:59:53 AM

Quote from: proudhon on May 18, 2021, 09:43:22 AM

Quote from: The Cryptovator on May 18, 2021, 09:30:08 AM

I am wondering what is the reason for the current dump? Seems Bitcoin dumped almost $3K within few hours. It's quite surprising just 2 hours back Michael Saylor announced about buying another additional 229 Bitcoins for MicroStrategy. So total Bitcoin holding by MicroStrategy is 92,079 Bitcoins at an average price of $24,450 per bitcoin. But till now I visit Binance and seems Bitcoin continues dumping. First time I see a negative effect in Bitcoin after accumulating by institutional investors. Is there something else reason behind of recent dump?

Pretty much every institution is giving up on bitcoin, that's why it's dumping. Saylor is the lone holdout, but even he'll bail once this gets far enough below $24k, which it 100% will. Bitcoin is dead. You're better off with cash in a low yield savings account at this point.

I like what you’re doing sir.. You’re pretty much bringing back that 2013 - 2014 feelz for me when I first got involved with crypto and with this site. Lolol.

2021 is 2013 except where there is no epic recovery, only crashing.

Rofl. Well then let me put on my hat and I’ll get back to work. Cheesy

Seriously tho. The market was so good until it wasn’t. But the way it turned out with Elon Musk trolling and the way the maxis reacted was somewhat of a joke. It was all playing into Elon Musk’s hands showing how much of a joke the space is. No maturity at all after all these years.

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Quote from: The Cryptovator on May 18, 2021, 09:30:08 AM

I am wondering what is the reason for the current dump? Seems Bitcoin dumped almost $3K within few hours. It's quite surprising just 2 hours back Michael Saylor announced about buying another additional 229 Bitcoins for MicroStrategy. So total Bitcoin holding by MicroStrategy is 92,079 Bitcoins at an average price of $24,450 per bitcoin. But till now I visit Binance and seems Bitcoin continues dumping. First time I see a negative effect in Bitcoin after accumulating by institutional investors. Is there something else reason behind of recent dump?

look at the size of the buy compared to previously

Ask yourself why so little

MCobian

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Quote from: traderethereum on May 19, 2021, 12:33:18 AM

People panic to see the bitcoin price is still going down so they sell some bitcoin to prevent the big loss and buy back again at a low price.
The retails company will use the time to buy bitcoin at a low price and I think they already make an order buy at a low price with a lot of money.
The price itself is still going down but we do not know how far the price will go down and hopefully, the price will not go below $40k.
But if that really happens, we can not do anything except prepare to buy at that low price.
But I guess the most reason why bitcoin continues dumping is that people are panic.

The most reasonable reason why Bitcoin price has dropped dramatically, there are indeed many Bitcoin holders who panic and end up selling
their Bitcoin. Even now that Bitcoin has dropped below the price of $ 40k, this will cause more and more people to panic. If it happens like this
there is nothing we can do, I prefer HODL Bitcoin that I have. But I also wouldn't blame people for cutting losses and buying Bitcoin at a low price.

traderethereum

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Activity: 2870

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People panic to see the bitcoin price is still going down so they sell some bitcoin to prevent the big loss and buy back again at a low price.
The retails company will use the time to buy bitcoin at a low price and I think they already make an order buy at a low price with a lot of money.
The price itself is still going down but we do not know how far the price will go down and hopefully, the price will not go below $40k.
But if that really happens, we can not do anything except prepare to buy at that low price.
But I guess the most reason why bitcoin continues dumping is that people are panic.

Topic: Bitcoin continues dumping even MicroStrategy purchased additional Bitcoin. (Read 491 times)