Did you sell off during the 21k price breach. - page 4.

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Quote from: ilovealtcoins on January 20, 2023, 06:08:29 AM

Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

There is still a chance bitcoin will drop to $16k again, what is happening is more of a trap than a real bull run. But I will not sell my bitcoins at this price or higher because there is no guarantee bitcoin will fall back. The profit is also too small if anyone sells from now on, I think most people will wait until bitcoin hits ATH to start selling them.

I don't see anything wrong with selling Bitcoin above 21K due to the abnormal price pump of Bitcoin for a short time. Holding until ATH is a good strategy too but taking a profit on a sudden pump like this is good too because there's always a correction for every price action like this since impulse traders will surely take a profit when after they bought below 20K once the price stops moving above. The current price is already stagnant at 21K level which is a sign that bulls power is weakening. It's either we will experience accumulation and then pump or a quick correction will happen but I'm more on the correction scenario since there's no real big news backing this run.

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Quote from: Davian144 on January 18, 2023, 06:11:53 PM

Quote from: yudi09 on January 18, 2023, 01:13:23 AM

The price increase from $16K to $21K that is still holding today is an advantage and many people still have the desire to continue to higher prices with the aim of attracting capital.
Those who are still planning to collect more Bitcoin hope that the current situation does not continue because buying at prices like today is different from the acquisition of the amount when buying at $16K and $17k.

Today Bitcoin had another dip and is already under $21K at the moment, although this is a normal dip which then looks sideways again. But it's also still very good for the holders and for Bitcoin because the possibility to increase again is still there even though a sudden drop like today also has the possibility to come again for Bitcoin

Quote

Selling some at $21K could provide a profit with the aim of buying again when the price is lower than now. But it is uncertain whether the price will drop back below $17K. I think it is better to hold back than to sell at the current price.

Traders who had bought at a price of $ 16K to $ 17K really didn't matter if they chose to sell some at a price of $ 21K, because that was for the sake of taking profits that were in sight. But for holders or investors who intend to invest in the long term, I think selling some for now is too early because they are still likely to look and find a much better price than now on Bitcoin.

We still consider it positive as the $20K price could be a support point for the beginning of the year. Yes. We can say that the current situation is still good but still dare not say that it is normal even though the movement is only moving sideways.
For those who sold part of the asset to make a small profit because the purchase price at that time was lower than the current price, there is nothing wrong. But it is better to be patient for a while longer.

ilovealtcoins

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

There is still a chance bitcoin will drop to $16k again, what is happening is more of a trap than a real bull run. But I will not sell my bitcoins at this price or higher because there is no guarantee bitcoin will fall back. The profit is also too small if anyone sells from now on, I think most people will wait until bitcoin hits ATH to start selling them.

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Quote from: kotajikikox on January 20, 2023, 03:07:57 AM

I did a little mate , yeah i sold half of my coin yesterday and yes also i am looking for opportunity to re enter buying when the bear comes back and I'm sure this is going to happen any time soon.
I don't wanna be rude here and i also don't wanna break your momentum but lets face the reality that this small bull is just here to stay low and will not going far for the time being.

Everyone has their own view of seeing the market momentum at the moment so the decision to sell coins like you did is also not the wrong decision to make because it certainly has very special reasons when you sell half of it. Likewise with other people who still maintain it and do not sell at all in conditions like now. This means that both are not wrong to do as long as it can still make someone feel comfortable and not become a problem in their life.

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I did a little mate , yeah i sold half of my coin yesterday and yes also i am looking for opportunity to re enter buying when the bear comes back and I'm sure this is going to happen any time soon.
I don't wanna be rude here and i also don't wanna break your momentum but lets face the reality that this small bull is just here to stay low and will not going far for the time being.

Quote from: DeathAngel on January 18, 2023, 04:20:54 PM

I did not sell any bitcoin as we went over $21,000. I do not think it is a time to sell this year, we are still in a downtrend & until the price breaks above something like $30,000 that is not invalidated. I’m not totally sure that we won’t revisit lows. If you can take opportunity to scalp some profits then go ahead but I have a longer term plan with bitcoin. Everybody has different needs & plans so do what is best for you & your families.

this is why I leave half of my funds if ever the price reached out 30k then i may sell more but I am ready if there is nothing comes sooner so I sold some of it.

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Quote from: inthelongrun on January 19, 2023, 08:20:03 AM

I haven't sold anything. Not this time, the price is just too cheap compared to the next 2 years. So, is there anybody here that expects bitcoin to drop again to $16k? I would be glad for bitcoin to drop again to $16k so I can buy more at a low price but I don't think it will happen again. The only reason it dropped that low was due to FTX anyways and bitcoin has nothing to do with that scandal. I'm just glad that I was able to buy some at $16k and $17k levels. Although I will continue with my monthly bitcoin purchase either it is up or down.

Yes, as I have said, this is bad timing for a sell-off. If there is a price that we need to sell or speculators thinking of selling off, it should be around $30k-$40k range because if you bought or started to accumulate at the $15k-$16k range, then your money has been double.

But if you look for a long term, which majority of us do, not going to sell this the next bull run.

There is a expectation that the next bull run will be in the 6 digit range figure. So just a bit of patience for us, just saying.

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Quote from: inthelongrun on January 19, 2023, 08:20:03 AM

I haven't sold anything. Not this time, the price is just too cheap compared to the next 2 years. So, is there anybody here that expects bitcoin to drop again to $16k? I would be glad for bitcoin to drop again to $16k so I can buy more at a low price but I don't think it will happen again. The only reason it dropped that low was due to FTX anyways and bitcoin has nothing to do with that scandal. I'm just glad that I was able to buy some at $16k and $17k levels. Although I will continue with my monthly bitcoin purchase either it is up or down.

If you are going for long term then this would be the main thing on your mind and wont really be making yourself been affected on what others been trying to do so but if you are that someone who do loves to

make short trades then you wouldnt really be minding about on long term but rather be positioning yourself into those cheap prices and would take up some opportunity to buy.Not all would really be that having the

patience on waiting up for too long before they could cherish out the profits that they do make.Selling out on 21k price point isnt really that a bad idea and i did eventually do
that recently and im now waiting for some potentially pull back.

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon.

How do you know that not many people expect BTC to increase in early this year?
I assume that people always want to see BTC to skyrocket as soon as possible. Everyone must be eager to take profits quickly, it is normal. But it mostly takes time to see BTC price increase significantly. So, no instant profits are easy to earn.

Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

TBH, I never expect that BTC to drop again below $20k.
I really hope that BTC can constantly increase its price. I expect that BTC can increase to $25k in the next few weeks/months. So, we have a chance to see BTC price around $30k again in Q2-Q3 of this year.

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

Of a truth, no one can predict the direction the market will take next and as you have said many short term holders short their short in the last few days to cash in on the bitcoin price flow of last week. But at the moment bitcoin price is relying around 20700 which for now is a good price most especially to those that entered the market when the price was at a discount low of 16k some few weeks back.

inthelongrun

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I haven't sold anything. Not this time, the price is just too cheap compared to the next 2 years. So, is there anybody here that expects bitcoin to drop again to $16k? I would be glad for bitcoin to drop again to $16k so I can buy more at a low price but I don't think it will happen again. The only reason it dropped that low was due to FTX anyways and bitcoin has nothing to do with that scandal. I'm just glad that I was able to buy some at $16k and $17k levels. Although I will continue with my monthly bitcoin purchase either it is up or down.

STT

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As a trade a pullback is normal but how far does it go before negating the hopes of a bullish move. I think we might have already done enough to leave the ski slope regular decline since the peaks, that means even if we do lose some of these gains we should see a reappearance of positive gains later.
Recent peak was November start pricing, on that scale we just need to stay above the mid December highs and it still has BTC acting well overall.

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I'm not but for sure many have been selling off their Bitcoin for they are already tired and bored of waiting for this moment to come. Like if you are buying at $18k, you'll certainly be thinking about it just to get some profit. I consider this as an opportunity either which is something we don't need to ignore especially if you are just a short-term holder.
We are turning back low again, it is another opportunity to buy again. We have to take advantage of the volatility of the market whether to sell or buy.

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I still keep most of my bitcoins and only sell some to help me financially and to survive.
The current bitcoin price is enough to make us amazed because, from a price of $ 16k, it can immediately increase to $ 21k in the short term, making some of us sell some bitcoins to take profits.
Right now, maybe the market is undergoing a correction where the price of bitcoin is dropping again and staying at $20k but I'm sure this won't last long and the price will strengthen and increase again.
Maybe it's a good time to increase the number of bitcoins we have even though the price is already slightly higher than before, below $ 20k.

Davian144

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Quote from: yudi09 on January 18, 2023, 01:13:23 AM

The price increase from $16K to $21K that is still holding today is an advantage and many people still have the desire to continue to higher prices with the aim of attracting capital.
Those who are still planning to collect more Bitcoin hope that the current situation does not continue because buying at prices like today is different from the acquisition of the amount when buying at $16K and $17k.

Today Bitcoin had another dip and is already under $21K at the moment, although this is a normal dip which then looks sideways again. But it's also still very good for the holders and for Bitcoin because the possibility to increase again is still there even though a sudden drop like today also has the possibility to come again for Bitcoin

Quote

Selling some at $21K could provide a profit with the aim of buying again when the price is lower than now. But it is uncertain whether the price will drop back below $17K. I think it is better to hold back than to sell at the current price.

Traders who had bought at a price of $ 16K to $ 17K really didn't matter if they chose to sell some at a price of $ 21K, because that was for the sake of taking profits that were in sight. But for holders or investors who intend to invest in the long term, I think selling some for now is too early because they are still likely to look and find a much better price than now on Bitcoin.

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Quote from: DeathAngel on January 18, 2023, 04:20:54 PM

I did not sell any bitcoin as we went over $21,000. I do not think it is a time to sell this year, we are still in a downtrend & until the price breaks above something like $30,000 that is not invalidated. I’m not totally sure that we won’t revisit lows. If you can take opportunity to scalp some profits then go ahead but I have a longer term plan with bitcoin. Everybody has different needs & plans so do what is best for you & your families.

We are still in the middle of the bear market, so yes, technically we will see a lot of downtrend this year. It's that we started this year climbing as high as $21,500 but now the price is going down.

So for everyone who sells, could be bad timing, but that is your call.

For the majority who doesn't need the money anyways, they are not going to sell or move a bit in this price uptick. Better to wait for more rise in the bull run 2024-2025 edition.

DeathAngel

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I did not sell any bitcoin as we went over $21,000. I do not think it is a time to sell this year, we are still in a downtrend & until the price breaks above something like $30,000 that is not invalidated. I’m not totally sure that we won’t revisit lows. If you can take opportunity to scalp some profits then go ahead but I have a longer term plan with bitcoin. Everybody has different needs & plans so do what is best for you & your families.

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Quote from: autumnleaf on January 17, 2023, 10:16:28 AM

Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

While some people were bearish on the price of Bitcoin but this sudden pump proved them wrong. A lot of short positions have been liquidated. The market has pumped a lot in the last week, so there is a possibility of some correction here. But for long-term holders, this small pump and correction will have no impact. Because they don't think much about selling.

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Quote from: wxa7115 on January 17, 2023, 12:17:53 AM

I have not sold any bitcoin and I do not have any plans to do so as it would be a mistake to sell when the recovery we are experimenting is nowhere close to the previous all time high.

However it is difficult to know what it is the best course of action right now, those performing a DCA strategy do not mind at all what is happening and they are still buying bitcoin as usual, but for those which may like to time their purchases it is not clear which path is the best to take, as they could buy now hoping the price could keep going up, but if this is a bull trap then they will miss buying bitcoin for cheaper prices, but on the other hand if they keep waiting and the 21k level is broken completely then bitcoin will get even more expensive and their fiat will buy even less of it.

If you bought your coins higher than the value that we are seeing now then it is a mistake. You will only lose this way but if you bought during the dip last time then you can still be able to gain something if you sell now. I already sold some of my mine in fact but I will keep most of them because it's always better to earn huge and that is only possible when the value of your coins are raging once again.

If you don't do DCA then I think buying now is still fine because we are still far from a full recovery. If ever the price falls after it, we should only Hodl and avoid worrying or panicking. It's best to not go all in when buying so that we still have something to use in case the price moves backwards.

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I will no longer be affected by the price increase so far, as long as my target is not touched. I have higher goals about bitcoin and so far I have to have really strong hands to always be able to hold them. Never mind about the correction and upside at $21K, I just want to enjoy the volatility. Even if the price could reach $30K in the next 1 to 2 months, I really don't want to sell either.

Price recovery can be expected throughout the year, so I don't think the kind of bullish that has been going on from early January until now is not a good time to sell. Buy and hold, this is still an opportunity even if the price is over $20K.

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Quote from: DaNNy001 on January 16, 2023, 07:01:32 AM

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

what's happening to the current bitcoin price is just a market cycle and it will always happen anytime and for me it's not necessarily a sign that bullish will come. some investors looking for a quick profit, maybe they have already sold it and they will wait for the price to drop below $16k again.
but all of that will not be done to investors who have long term goals, because they believe that the price of bitcoin will be more than the previous ATH.

i don't expect anything about the current bitcoin price. all i remember is that the price of bitcoin started at ATH$60k and is currently $21k, it is much cheaper and just expect to be able to collect bitcoins every day no matter what happens at the current price.
maybe I look hypocritical to miss the advantages. but i just believe that bitcoin in the future the price will never disappoint.

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