Bitcoin crash is inevitable - page 3.

Saisher

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Quote from: cryptozanga on February 17, 2021, 10:14:10 AM

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Market proves that you are wrong and you are a weak hands and a FUDS Bitcoin is now on the $56k mark and keeps getting strong so if they did not listen to you they already made a small profit, if they did follow your recommendation, they will blame you for posting this, market is still volatile, but still a good price to buy, Bitcoin is headed to $100k this year.

btc_angela

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Quote from: UnDerDoG81 on February 19, 2021, 04:36:44 PM

Taking profits the way up is the way to go for me. If it really hits 200k, it could drop to these levels, down to 40k ish on the lowest, I believe.

Of course, no one is preventing us to take profit at some time, but your scenario of $200k->$40k is highly unlikely at this point. We are in a bull run so I doubt that we will see a massive crash as traders and investors are looking for every opportunity to buy at every correction.

Unless there is a covid-19 similar type of news that will crash the market to 60% or more. And with huge companies pumping the price closer to 6 digits, we might not see a bearish season soon.

Ziskinberg

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Quote from: ene1980 on February 19, 2021, 05:00:14 PM

Quote from: cryptozanga on February 17, 2021, 10:14:10 AM

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

The correction will be huge and there is no debate about it but it is hard to predict when we will see the correction. I might not personally invest when the market is rallying more than double than the last all time high valuation but there are investors that are willing to take the risk and so is the reason the market is rallying and it has crossed over $55k.

With the current market position, a huge risk is waiting and if you have a strong faith in it, you will be doing it. Just like you did, I'd better step back and not push ourselves if we can't afford to take the risk, besides, this Bullrun will soon go over and maybe we can afford to wait for that for sure.

May we think that we missed the opportunity but that is life, we can't correctly predict the trend and make a hold always, there's always a huge chance to weaken our hands and sell it earlier.

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Quote from: UnDerDoG81 on February 19, 2021, 04:36:44 PM

Taking profits the way up is the way to go for me. If it really hits 200k, it could drop to these levels, down to 40k ish on the lowest, I believe.

Hopefully you're predictions will be possible, I would love to see it's going down to what's cheaper just like before of bearish days. These days while at top price profit will be fun, but before price declines very fast we need to prepare and also take our share. Don't let this opportunity to go away but rather, be smart enough to decide selling before everything will be wasted.

ene1980

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Quote from: cryptozanga on February 17, 2021, 10:14:10 AM

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

The correction will be huge and there is no debate about it but it is hard to predict when we will see the correction. I might not personally invest when the market is rallying more than double than the last all time high valuation but there are investors that are willing to take the risk and so is the reason the market is rallying and it has crossed over $55k.

UnDerDoG81

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Taking profits the way up is the way to go for me. If it really hits 200k, it could drop to these levels, down to 40k ish on the lowest, I believe.

StreakW

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Quote from: cryptozanga on February 17, 2021, 10:14:10 AM

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Don't be a fool to buy at $50K and now we in $55k. Or maybe you will make a new thread say "dont be a fool to buy at $55K". And after Bitcoin reach $60K, you make a new thread again... LOL

No one knows when the correction will happen and how dip Bitcoin's price will fall, so there is no fool for people who buy Bitcoin. If they patience, they will take profits

hahay

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Even if someone bought it yesterday for 50k, today they can still make a profit because the bitcoin price keeps hitting its new ATH and a few minutes ago it was already touching 55k. If you pay attention to the market movements in this bull run, then this is a new history unlike the previous bull run in 2017 whose value was untenable and fell rapidly. This bull run is a new history for bitcoin because the price continues to go up without any big corrections taking place and it is a very amazing history.

LUCKMCFLY

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Although it is not advisable to buy at highs, the moment now is very different from 2017 when there was the bullish trend, now the circumstances worldwide are different, we are living in a pandemic, and even so the price of Bitcoin has lived new highs, a new ATH.

Now a correction in full ATH is somewhat difficult, but not impossible, however, this ATH is arousing much more emotions for people, perhaps the big ones will start to sell little by little while many more will buy.

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Quote from: cryptozanga on February 17, 2021, 10:14:10 AM

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

It's sad but a lot of people really think that it's peak times are the best ones to buy the bitcoin. I know a lot of people who sold houses and bought bitcoin when the price was 20K and I hugely believe the same situation is happening right now. Those people who bought bitcoin at 20K, don't even think about it and totally ignore it, calling it a scam. Maybe I would risk the current situation for daily trading but not for long term investment. Yeah, it's possible that this coin will rise, everything is possible when it comes to bitcoin but I wouldn't sleep well If I invested in bitcoins right now.

Halving is the best time to invest in and sadly a lot of people ignore this moment, they only come to bitcoin when they see a massive rise, the time when it's better to quite rather than to enter.

philipma1957

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Quote from: Questat on February 19, 2021, 08:50:03 AM

Quote from: arufox on February 18, 2021, 06:36:02 PM

Quote from: cryptozanga on February 18, 2021, 09:26:36 AM

Perfect, we recommend everyone to buy BTC at 50K since it will never go down again and so all of us who had BTC from before will continue to raise our assets, pathetic.

Your suggestion is very bad. You don't need to recommend everyone to buy Bitcoin, everyone has a target and they will buy it when their target is reached. And market correction will happen, you can't say "never go down again" because this statement builds from zero knowledge.

But I agree with you that Bitcoin will continue to raise

That will depend on the person who thinks he is right or wrong. Because if he is correct about his prediction, what would you feel, regrettable isn't it? " I Supposed to buy some but I was in doubt and in troubled"

But saying buy now because there is no chance to drop below $50k, I can't be wrong with that and usually, I don't close that possibility because anytime, the trend could be changed. And he is right actually, Bitcoin crash is inevitable...

yes it will have a large price drop that will last a long time.

But that we can go to 100k and then drop to 60k is possible

rather than it will drop in a week to 25k-30k

So while it has been a good rise in price to think it is falling off a cliff tomorrow is foolish.

As I said it can go to 25k on the down side and 500k on the upside

we are at 52k.

weigh your risk and take it.

hodl what you have
sell 1/2 what you have
add 1/2 to what you have

whatever it is you want to do.

aioc

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Quote from: cryptozanga on February 17, 2021, 10:14:10 AM

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

You will end waiting for months and losing potential profit if you wait for the market to go down, when in fact is performing well, now, I don't know why you are thinking differently and negatively when the market is gearing for another all-time high to set, possibly $100k, if you think that way, that we should not buy at $50k then you should have a reason why Bitcoin will have a correction immediately when it's doing good.

FlightyPouch

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What's wrong with buying at $50K? I don't see any mistakes there since the price is still strong. If they bought at $50K, they already have a minimum profit of $2K. Saying that you can't just say that people should not buy at that price because no one knows when will it actually go low or go high. Who knows it might sprint to $60K, you might regret it for a long time.

Questat

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Quote from: arufox on February 18, 2021, 06:36:02 PM

Quote from: cryptozanga on February 18, 2021, 09:26:36 AM

Perfect, we recommend everyone to buy BTC at 50K since it will never go down again and so all of us who had BTC from before will continue to raise our assets, pathetic.

Your suggestion is very bad. You don't need to recommend everyone to buy Bitcoin, everyone has a target and they will buy it when their target is reached. And market correction will happen, you can't say "never go down again" because this statement builds from zero knowledge.

But I agree with you that Bitcoin will continue to raise

That will depend on the person who thinks he is right or wrong. Because if he is correct about his prediction, what would you feel, regrettable isn't it? " I Supposed to buy some but I was in doubt and in troubled"

But saying buy now because there is no chance to drop below $50k, I can't be wrong with that and usually, I don't close that possibility because anytime, the trend could be changed. And he is right actually, Bitcoin crash is inevitable...

philipma1957

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Quote from: cryptozanga on February 18, 2021, 09:26:36 AM

Perfect, we recommend everyone to buy BTC at 50K since it will never go down again and so all of us who had BTC from before will continue to raise our assets, pathetic.

Nope I recommend that people see the upside is 500k in 10 years. vs the downside 25k in 10 years.

Weigh the risk accordingly and decide what you can spend.

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Quote from: cryptozanga on February 17, 2021, 10:14:10 AM

Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

Your symptoms and condition, seemingly in a state of distress. This causes a lack of confidence. And I think your pain will last .
We have traction, organic impact, and the tuning that shows your hesitation becomes a waste.
The best guess is what you believe, you see, not just what you think.

adaseb

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Alot of people are looking at the Bitcoin MVRV Z-score and deciding when to sell. I think its currently on 7 and the red zone is around 7.5-10. Generally the last 3-4 peaks were within a 2 week period when this occured.

The formula is something like Market Cap - Realized Price / Std of Market Cap.

So it basically goes up when the market cap increases but realized price stays the same. Meaning price sky rockets and people don't buy/sell and transact on the blockchain. So it seems we are close to the 7.5-10 area however last time we were at the same level, the BTC price had to almost double (11.2K to 20K) for the indicator to point at 10-11 Zscore.

Hence if you rely on this indicator and sell when BTC hits $55-60K you might sell way too early because it still might hit like $95K.

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Quote from: cryptozanga on February 18, 2021, 09:26:36 AM

Perfect, we recommend everyone to buy BTC at 50K since it will never go down again and so all of us who had BTC from before will continue to raise our assets, pathetic.

Your suggestion is very bad. You don't need to recommend everyone to buy Bitcoin, everyone has a target and they will buy it when their target is reached. And market correction will happen, you can't say "never go down again" because this statement builds from zero knowledge.

But I agree with you that Bitcoin will continue to raise

AakZaki

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correction or decline in bitcoin prices is inevitable and it will definitely happen. But the price reduction will still be controlled because there are still many investors who stick with Bitcoin. You may not know what Tesla buys Bitcoin at. It's possible they buy in the area of $ 40k or more. As a holder of Bitcoin and believe in bitcoin. Buying at $ 50k won't be a problem as they each have their own target price. There is a lot of speculation that Bitcoin will be able to hit $ 100k and it's still halfway there. Don't say stupid about buying Bitcoin at $ 50k, it's their decision, if you don't want to buy at a high price wait until the price is cheaper and cheaper (if that happens).

cryptozanga

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Perfect, we recommend everyone to buy BTC at 50K since it will never go down again and so all of us who had BTC from before will continue to raise our assets, pathetic.

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