BTC/USD dangerously close to $8,000, but HODLers never give up

buwaytress

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Quote from: figmentofmyass on May 17, 2018, 06:33:44 PM

personally, i love markets. i love the emotion, and analyzing market psychology and reading sentiment. i allocate more than 90% of my holdings to cold storage---but even if i didn't own BTC, i would still chart it just for kicks.

so i'm a hodler but i'm also a technical analyst and trader. when the market dumps, i'm perfectly fine holding 90% in cold storage and using the rest to churn out more BTC. i'm in it for the long term.

Yeah. As much as I want to feel disdain, I do enjoy reading the gems, especially in Speculation. Every now and then, someone comes in with a bit of fun, which I like, and there are still quite a few good insights to read, which I find enjoyment in. Not all of it is masochist too!

I do consider myself a holder, keeping as much as I can, spending as much as I need, but sure, I do commit quite a bit of my holdings to "ventures". Lost my taste for new tokens, but still engage in opportunities with what I'm willing to lose. It's all with the same long view of getting as much coin as I can while this lasts.

I'm sure lots more people are doing the same, maybe even many more taking more risks than we do, and certainly all in it for the long haul.

ajochems

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Quote from: elemosho.crypto on May 15, 2018, 10:25:02 PM

Bitcoin has lost nearly 6% over the recent 24 hours, crashing from $8824 on Tuesday to a low of $8,103 early on Wednesday. Currently, the coin No. 1 is trading at $8,124, but the bullish momentum is gaining traction. Bitcoin is still by far the biggest coin out there with the market cap $139.6B, but its market dominance has shrunk significantly from over 85% in February to just 37%.

Full article is here : https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-analysis-btc-usd-dangerously-close-to-8-000-but-hodlers-never-give-up-201805160319

You valuable thoughts are much appreciated.

Being a wise trader,you have to hold at fluctuation time.This make you some profit as compared to selling with low price.Now the price of bitcoin reach back to 8300$,may be in couple of hours we expect the 9000$.Still now bitcoin had is own dominance in market.

boakyei

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There are investors who will not give up even if bitcoins is to be $1,000. The real deal is to keep your head high up if bitcoins dip in price. We know from past history that , when ever there is price drop, it will finally rise back.

btc78

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Quote from: Mister_Success on May 15, 2018, 10:30:44 PM

The fact that there are so many bullish signs and we're still falling in price worries me. If whales are manipulating the market and really have this much control, I'm wondering how Bitcoin will become stable enough for mass adoption in the near future.

Still hodling though. I'll sink with this ship if I have to.

Thats the spirit of being holder,since the trust is for the coin we supporting.

And about the OPs sentiments actually i dont see any reason to act like this because this is too soon for some kind of panicking,bitcoin is in good shape still and didn't sink low as what to called dip.

I have a feeling that the next market recovery would be mooning of bitcoin,after many declines but together with resistance,yes were heading moon

oseikuf44

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Bitcoins has come down to even 7000 USD recently, so what is the big deal if it is now close to 8000. The faith in bitcoins is very strong among traders that is why no one is selling in a panic manner but as the number one coin so far , it will give a good a return to patient holders.

exstasie

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Quote from: Mahanton on May 17, 2018, 03:52:54 PM

Quote from: exstasie on May 17, 2018, 03:43:35 PM

I have enough coins that I'm comfortable. So I'd wait the correction out before putting any fiat in; no reason to add the risk.

But if you don't own any BTC, it's always a good idea to buy some.

Accumulation when theres a dump would always be a good idea if you do have the capability.Why not buy?

As a rule, I don't buy into dumps, unless we are extremely over-extended and I sense capitulation. Early February was one such time. But I usually wait for a strong bullish reaction or range break before piling in.

The people who bought the dip all through December and January suffered a lot of pain. I try to avoid that.

Quote from: alyssa85 on May 18, 2018, 04:58:14 AM

Remember that there are a lot of buy orders sitting around $6600, from institutional investors waiting to get into crypto (they want to get in fairly cheaply).

So the price will bounce back up, if the $8000 level is breached. And life will go on!

We already bounced from that level in early April. If we go back to the $6,500 area, we're probably going significantly lower. A triple bottom off the lower $6,000s is unlikely in my experience.

alyssa85

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Remember that there are a lot of buy orders sitting around $6600, from institutional investors waiting to get into crypto (they want to get in fairly cheaply).

So the price will bounce back up, if the $8000 level is breached. And life will go on!

bhadz

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Quote from: UnDerDoG81 on May 17, 2018, 07:51:53 PM

Quote from: bhadz on May 17, 2018, 04:27:48 PM

~snip~

Well Bill wants cheap coins so he delivered perfect FUD for bears. We re sub 8k now. Not that I care. Until 2020.

That's for sure, he shorted and wants to get a proper entry again. Those who seemed to care at all are the ones who are trapped in the middle.

Quote from: eann014 on May 18, 2018, 12:30:21 AM

I've said some news before maybe its March to April that bitcoin will drop on June, I don't know if it is true, but as what we can see right now bitcoin is getting lower and we are still at the middle of May. Hopefully bitcoin still recovers its price. Sad

Really you did? Don't you worry about the price, I'm sure that you have some on your stash and you managed to hold until then.
Better if you don't check the prices daily.

vinasky

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Yeah, sooooooooooooo...
I am about to strap my 5 cents here)

Soon enough we will be looking at 5k!)

Explanation:
Weekly Ma10 support will break down after this Sunday, MA5 will push price down, next support will be MA20 at 5k lvl.
Plus USD is getting stronger wich will push the price of bitcoin down)

Good news is that the long term looks amazing!

Here is some analysis from ya boi, will soon make post on it)

BTC
https://imgur.com/gallery/tnKyD9z

DXM8(USD index) (indicators used RSI,STOCH,SAR) (Indicators are not shown in order to improve image quality)!
https://imgur.com/aEUsU6j

Question123

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The pricd of the bitcoin now are decreasing and actually $8000 and If the price decrease Im still relax because for sure most of the bitcoin user again Invest again their money to bitcoin because they want to earn a lot of money . Don't guve us because if we not stop bitcoin until they die everyone can suffer for sure , but if the price increase high everyone will benefits ..

eann014

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I've said some news before maybe its March to April that bitcoin will drop on June, I don't know if it is true, but as what we can see right now bitcoin is getting lower and we are still at the middle of May. Hopefully bitcoin still recovers its price. Sad

Herbert2020

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Quote from: UnDerDoG81 on May 17, 2018, 07:51:53 PM

Quote from: bhadz on May 17, 2018, 04:27:48 PM

Bitcoin would be the coin all the time that will has the most market cap and this is why the price is still quite good although it came from a correction.

Quote from: UnDerDoG81 on May 16, 2018, 10:37:34 AM

After Facebook and Google, now Bing bans Crypto Ads. Perfect FUD for bears to drop the price further.

No one uses bing.
There's something wrong after the consensus conference, everyone was hoping there will be a bull run but it seems it doesn't have.

Well Bill wants cheap coins so he delivered perfect FUD for bears. We re sub 8k now. Not that I care. Until 2020.

nobody cares about Bing, nobody uses bing. even the news about Google didn't affect bitcoin price that much. not to mention that this is the repetition of the same FUD which means it won't be effective anymore because this trick was already used.
also it is too soon to call this "sub 8k", price literary touched a tiny bit below $8k and jumped back above it. Cheesy

UnDerDoG81

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Quote from: bhadz on May 17, 2018, 04:27:48 PM

Bitcoin would be the coin all the time that will has the most market cap and this is why the price is still quite good although it came from a correction.

Quote from: UnDerDoG81 on May 16, 2018, 10:37:34 AM

After Facebook and Google, now Bing bans Crypto Ads. Perfect FUD for bears to drop the price further.

No one uses bing.
There's something wrong after the consensus conference, everyone was hoping there will be a bull run but it seems it doesn't have.

Well Bill wants cheap coins so he delivered perfect FUD for bears. We re sub 8k now. Not that I care. Until 2020.

figmentofmyass

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Quote from: BitHodler on May 17, 2018, 06:05:06 PM

Hodlers (and I mean actual hodlers) don't bother opening threads or sharing their concerns, they just allocate time and resources to more rewarding opportunities in the meantime.

If you are in for the long term, what's the point of looking at how the market is jumping up and down? If you take advantage of the volatility with trading it's different, but aside from that there isn't anything you can do with it.

personally, i love markets. i love the emotion, and analyzing market psychology and reading sentiment. i allocate more than 90% of my holdings to cold storage---but even if i didn't own BTC, i would still chart it just for kicks.

so i'm a hodler but i'm also a technical analyst and trader. when the market dumps, i'm perfectly fine holding 90% in cold storage and using the rest to churn out more BTC. i'm in it for the long term.

BitHodler

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I like how the speculation section here perfectly mirrors the sentiment on social media platforms. Everyone is saying that they will hodl through this 'bear market', but when the price slips further, coins will be sold instantly.

Hodlers (and I mean actual hodlers) don't bother opening threads or sharing their concerns, they just allocate time and resources to more rewarding opportunities in the meantime.

If you are in for the long term, what's the point of looking at how the market is jumping up and down? If you take advantage of the volatility with trading it's different, but aside from that there isn't anything you can do with it.

Slow death

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Quote from: elemosho.crypto on May 15, 2018, 10:25:02 PM

Bitcoin has lost nearly 6% over the recent 24 hours, crashing from $8824 on Tuesday to a low of $8,103 early on Wednesday. Currently, the coin No. 1 is trading at $8,124, but the bullish momentum is gaining traction.

this has become news on all bitcoin news channels, until it seems like it's the end of the world, I wonder: with this kind of news spread all over the internet thanks to our bitcoin news channels and adding the negative comments of certain people, how the hell is someone new in this crypto world will not panic and sell their currencies with losses? spreading this kind of news does not help at all, it seems that bitcoin is a failure when it is not

Quote from: elemosho.crypto on May 15, 2018, 10:25:02 PM

Bitcoin is still by far the biggest coin out there with the market cap $139.6B, but its market dominance has shrunk significantly from over 85% in February to just 37%.

Of course this will always vary, why the hell are they constantly monitoring this?

Superzpay

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Quote from: bhadz on May 17, 2018, 04:27:48 PM

Bitcoin would be the coin all the time that will has the most market cap and this is why the price is still quite good although it came from a correction.

Quote from: UnDerDoG81 on May 16, 2018, 10:37:34 AM

After Facebook and Google, now Bing bans Crypto Ads. Perfect FUD for bears to drop the price further.

No one uses bing.
There's something wrong after the consensus conference, everyone was hoping there will be a bull run but it seems it doesn't have.

But still many holders have faith that the price of bitcoin will rise up. Consensus conference has brought the price at a good level 2 days ago but the current dip may be because of some whales selling off. By the way June is coming when the FIFA host country will allow their hotels to accept bitcoin for the payment in the hotels. I believe that in that time the demand of bitcoin will increase worldwide and the price will boost up to a highest peak.

Gotomoon

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Quote from: danim1130 on May 17, 2018, 12:28:35 AM

Yes that is the main purpose of the investors here in the bitcoin world to make profit and to show the world that bitcoin will never be faded as well as the people who invest on it. Hodlers will never give up cause they knew that it has a potential to be the future of currency.

Definitely hodlers will never gives up as many believes price can always recover. It so happen many times btc swing down low. But usually bitcoin can increase and many users holds their btc.

bhadz

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Bitcoin would be the coin all the time that will has the most market cap and this is why the price is still quite good although it came from a correction.

Quote from: UnDerDoG81 on May 16, 2018, 10:37:34 AM

After Facebook and Google, now Bing bans Crypto Ads. Perfect FUD for bears to drop the price further.

No one uses bing.
There's something wrong after the consensus conference, everyone was hoping there will be a bull run but it seems it doesn't have.

tomahawk9

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Cats on Mars

Quote from: UnDerDoG81 on May 16, 2018, 10:37:34 AM

After Facebook and Google, now Bing bans Crypto Ads. Perfect FUD for bears to drop the price further.

Bing? LOL At least this lame attempt to spread FUD in the cryptosphere didn't have that big of an impact (it's very unlikely that this causes a massive sell-off), either because no one cares about Bing or because we we already in a downtrend. Nevertheless, the whole "news" made me laugh, the fact that Bing is so shit that they're trying to use this type of stunts to get free publicity on the news...too funny Grin

Topic: BTC/USD dangerously close to $8,000, but HODLers never give up (Read 531 times)