BTC back at 20K. Imagine who sold at 17.7K. - page 5.

bitterguy28

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Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

The peoples attitude in crypto must have both thing , those who are afraid of losing even they already learn how this works , and those who are willing to keep hold (LIKE YOU) that care nothing about the market movement instead the long term process is what you trusted here,.

people are not contented m they are always seeking for the growth and more income and yet? if the market falls like this, then they are panicking.

HODL , lets keep it all here and for longer time .

Desscount

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Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

I'm really annoyed, why blame the person who has sold at $17k?, I think a trader has respect for other traders, it's not like this,
someone has their own way, yes indeed many say Holders is a winner, but what about already bought at $50k and now it's down below $20k?
I think people will get depressed too, so be respectful

Don Pedro Dinero

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Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

Yes, of course, but imagine the one who bought at 69,000 USD. He must not be very happy now even if he has a very long term view with his investment.

The problem with hitting lows is that you don't know if it is going to fall further, although now is certainly a much better time to buy than when it was at 69,000.

I think you are very optimistic for the slight rebound in the price. As far as I am concerned, I hope this is over and we have hit the lows of this cycle, but another dip and another cascading sell-off and we will approach the Celsius liquidation price.

m2017

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Quote from: adaseb on June 19, 2022, 09:47:13 PM

It’s too early to tell. Selling at $17.7K was good if it keeps going down again into the $15K or so.

Yeah, of course it's good to sell for $17.7K, if you bought for $30-40K. Grin

Quote from: adaseb on June 19, 2022, 09:47:13 PM

Most likely since tomorrow is a holiday we will get sideways actual. Don’t think the low will break. However if the stock market keeps crashing again then it will take Bitcoin along for the ride. Right now there is very little liquidity everywhere and everything can very quickly move up and down.

These price jumps up and down, although they make bitcoin owners nervous, they provide excellent opportunities for speculators to make money. Sold for $20K, bought for $17K. Again repeated. Profit received if luck accompanies.

Wilhelm

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I think someone "got sold" after some whale-play Grin

virasog

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Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

As per the subject, there is no reason to sell at 17k or even at 20k. We are very near to the bottom and this is not a wise decision to sell at thewe low prices.
Wise people buy at these prices and not sell. A month ago no one could have dreamt to see bitcoin below 20k. A lifetime opportunity to buy now.

kotajikikox

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The price now stands to 20k above

https://coinmarketcap.com/currencies/bitcoin/

and Indeed those who sold their coin at 17k are really hurting nowadays because look how increases the price now, and the price are still strongly holding to this level but still not having assurance to stay at this and many says this will drops down again sooner.

crwth

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It's hard to learn something, especially if we are talking about the emotions of people around us. Imagine someone who has been investing in BTC for the first time and then experiencing a loss of 50%; who wouldn't have a hard time dealing with it? Even at times, I worry about the times when it goes lower and lower. I think of the possibility of just buying more at a lower price. Averaging it at a higher price would be great.

Sir Legend

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I'm happy because today the bitcoin price returned to the $20k level, experiencing the worst trend since the last 2 years, I hope there won't be another dip like the last 8 days which made many holders panic and sell at low prices, and the better news is that I bought at $18k and if I sell now of course I will profit, but I think the opportunity for rising is bigger so I will buy again.

Jating

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Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

I mean there should be no surprises, the price is going to recover after going that low at $17,500. Actually I didn't bother to look at the price, the last time is that the price is around $19k'ish and so it went down as low as $17k? But look at the price now, good bounce isn't it.

And that is the problem with inexperience investors, maybe they bought at $60k or even $30k. But doesn't have the mentally to hold and just simply panic before their portfolio is going down and they are nervous that it will be wipe out. And 24 - 48 hours later, around 8%-12% increased.

adaseb

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It’s too early to tell. Selling at $17.7K was good if it keeps going down again into the $15K or so.

Most likely since tomorrow is a holiday we will get sideways actual. Don’t think the low will break. However if the stock market keeps crashing again then it will take Bitcoin along for the ride. Right now there is very little liquidity everywhere and everything can very quickly move up and down.

Abiky

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Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

It's stupid to sell BTC at a loss. A smart investor will "hodl" the BTC until prices rise back up again. If people think that BTC going down in price is the end of the world, then they truly don't understand what the cryptocurrency is all about. It's not really about the price, but rather BTC's underlying technology to change our world for the better. Bitcoin is just like the Internet which is truly unstoppable. Market prices wouldn't be much of an issue if Bitcoin was used as the standard unit of account. This means pricing goods and services in Bitcoin terms (not Fiat). Bitcoin by itself, is as stable and sound as you can imagine.

Ultimately, we'll be the ones laughing at the end as BTC soars towards new All-time-highs. Just buy the dip and don't sell no matter what. Wink

franky1

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Quote from: Jatiluhung on June 19, 2022, 07:13:50 PM

most who sell at $ 17k are beginners

people keep inferring that the sellers at $17k are newbies that sold at a loss..

heres some logic..
firstly to push the price down this low required a heck of alot of BTC to do so...

now lets imagine 2 groups of say 20,000 people..
they all invest say $2k (1-2 months of salary at minimum wage for most western countries)

meaning each group totals $40,000,000

now imagine one group is old investors from 2016. ($500/btc)
their total combined btc haul is 80,000btc

imagine the other group bought in 2021-2 ($40k/btc)
their total combined btc haul is 1,000btc

now which group 1k or 80k btc do you think has the most potential yield to push the price down significantly..
logic is the older group with 80x more coins. and psychologically they would happily do it because they are in a 17-40x profit in prices when pushing it down from $40k-$17k in recent months.

now imagine in this demonstration of randomly chosen number of users..
20,000 less people wiling to sell down to $1k because they have sold somewhere between $40k->$17k
and imagine there are now more holders holding value $17k+

odolvlobo

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Quote from: Jatiluhung on June 19, 2022, 07:13:50 PM

most who sell at $ 17k are beginners who still can't control their psychology so they panic easily.

I have no doubt that a bunch of people sold because their technical indicators broke through resistance. And none of them will say anything because TA people always talk about their successes but never about their failures.

Jatiluhung

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most who sell at $ 17k are beginners who still can't control their psychology so they panic easily. and when prices rise again they will panic again and move quickly to buy back. because for those who are experienced then the price of $ 17k is not the time to sell but the right time to buy. sometimes people get caught up in the news. and they even sell when the market is red and buy when the market is green. of course they become losers and losers.

n0ne

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Very few users could've invested in bitcoin and have sold it on loss. Most of the users could've known much about the risk of cryptocurrency market. You can accumulate when you build-up trust over bitcoin. This is the fluctuation of the market. Users who were with worries out of the market can make use to earn something.

EdenHazard

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Quote from: Sterbens on June 19, 2022, 05:29:35 PM

Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

Hopefully, it's a good price bounce and stays above $20K. Those who have already picked it up at $17K may be quite happy and may not find another $17K in the future. On the other hand, the bad news that has been affecting market prices for a while is expected to pass. The panicked sellers actually felt a thousand regrets.

We can still go down though .

Just don't forget that the bearish season might continue and the current flash bouncing are temporary only , wait and see if the price break 21k and stay there for a coiple weeks then i believe the bottom were indeed at 17.7k .
Im cutting losses at 19k though but get backup now as i got some more below 18k.

TelolettOm

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Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

I ma sure that the price of Bitcoin will be changing soon because the market is still very unstable. The bearish is till ongoing. The price may be dropped again.
So silly to see people who panic enough with this current market, moreover who sold their Bitcoin because of price drops that made panic situation.
But, it will be different if those people are selling the Bitcoin because they are traders, this will have different purpose. Holders or traders may be worthy as long as we know the ways. The worse is that we want to be a holder but we are too panic every time we see the market red and dropped Cheesy

sheenshane

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Those who had been getting FUD might already be sold out their Bitcoin and they might be at this moment scratching their head seeing the market slowly recovering. Selling your Bitcoin at a loss is totally insane or you can be called an idiot, they didn't patiently wait until the market will recover.

For the old Bitcoiners, it seems who already understand this situation, and those newcomers that easily get FUD might have regretted it now.
I have a lot of friends investing at $17k since the market has grown a bit a little for sure they are very happy right now and I will try to contact them later to know what they feel like.

Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

We may laugh at them now.

CryptocurencyKing

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Quote from: Sterbens on June 19, 2022, 05:29:35 PM

Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

Hopefully, it's a good price bounce and stays above $20K. Those who have already picked it up at $17K may be quite happy and may not find another $17K in the future. On the other hand, the bad news that has been affecting market prices for a while is expected to pass. The panicked sellers actually felt a thousand regrets.

Not so many would sell at the $17k price, only a few that don't believe bitcoin has a future about it and fall for the crap that, bitcoin is set to crash. Although, it made people panic and I had friends that were telling me to sell/withdraw all I've got but, I surely know better.

It would be a shame to have been on the forum and been into cryptocurrency for a couple of years now and still, not get to understand how the bear market works. The bears have been surprising lately and as such, I can't count on the current $20k price to be something to be hopeful over but, its a good place for a start and something to smile at.

Topic: BTC back at 20K. Imagine who sold at 17.7K. - page 5. (Read 860 times)