Did you sell off during the 21k price breach. - page 6.

bitterguy28

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No I didn't and no planning till now, I still believe that we are crossing 25k at least for that I will consider selling since I knew that halving is year away from happening .and also the price is still going up and bitcoin stays 21k above till this typing.

Quote from: n0ne on January 16, 2023, 06:57:12 PM

Quote from: glendall on January 16, 2023, 06:14:21 PM

I think the new 20k is the recovery price, and that's not the best price. I released my btc, even though I bought it at 17k yesterday.
It's difficult to predict the current value of BTC, but if you have calm and stable finances, BTC ownership will not affect finances outside of investment and you can hold it until priced at 30k-35k maybe later

Agreed, what we're at the moment is not the best price. For people who were planning to sell at $17000 and make a buyback the present price is a best price. Based on the market movement it looks like it'll move forward towards $25k close to the month end and moves within specific limits same as it have been moving between $16500 and $17500. The next breakout might take the price towards $35k

if this is going to happen? then maybe not just 25k but at least 30k will be on the top of the list?

n0ne

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Quote from: glendall on January 16, 2023, 06:14:21 PM

I think the new 20k is the recovery price, and that's not the best price. I released my btc, even though I bought it at 17k yesterday.
It's difficult to predict the current value of BTC, but if you have calm and stable finances, BTC ownership will not affect finances outside of investment and you can hold it until priced at 30k-35k maybe later

Agreed, what we're at the moment is not the best price. For people who were planning to sell at $17000 and make a buyback the present price is a best price. Based on the market movement it looks like it'll move forward towards $25k close to the month end and moves within specific limits same as it have been moving between $16500 and $17500. The next breakout might take the price towards $35k

darkangel11

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This move is nothing really when it comes to bitcoin's abilities. Short term traders sold, but if we look at the big picture, bitcoin is still in a state of fear according to fear and greed index.
It's interesting that most traders were saying bitcoin would fall to 12k and we went above 20k instead.
Now most traders are saying it's a fools rally and we'll go back to 16k. I wonder if the big money that manipulates the market will once again squeeze the shorts.

I did not sell anything because I don't trade my bitcoins. The price would have to amaze me for it to happen and I doubt this year's going to be the one to make us go to a new high.

dragonvslinux

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No, apart from eyeing up a short-term short position in the near future I'll patiently wait for $50-60K this year (if it comes). Happily to patiently wait until price is overbought and overvalued.

EdenHazard

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Quote from: Anonylz on January 16, 2023, 01:26:03 PM

Couldn't let this unexpected opportunity to pass by without taking full advantage of it. I buy at 16k and sold at 20.9k and earned a decent profit. Now am just patiently waiting for a nice correction to get back in. I wasn't expecting such a sudden pump in price to be honest, I bought to await the upcoming bull market but seeing that price pump, I couldn't resist.

Well be prepared to have a huge regret and longlasting waiting to get dropped back Grin

we might continue running to the top and having your bitcoin sold at $20k level could be one of the lowest price that hard to get back later in the next few months even years .

As per experts predicted that we are heading the next ath of $100k anytime soon between this year and the next halving at 2024.

glendall

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I think the new 20k is the recovery price, and that's not the best price. I released my btc, even though I bought it at 17k yesterday.
It's difficult to predict the current value of BTC, but if you have calm and stable finances, BTC ownership will not affect finances outside of investment and you can hold it until priced at 30k-35k maybe later

Oasisman

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Quote from: crunck on January 16, 2023, 07:30:48 AM

Quote from: ?? on ??

I think institutions are buying to selloff their buy positions at a higher price, i think it is a bull trap.

Many people believe it's a sign of the bull season, and they're excited, the more people believe this is a bull run, the more I believe this is a trap. Just with the information that CPI dropped from 7.1% to 6.5%, people believe that bitcoin can increase in price is naive. Bitcoin price doesn't just depend on CPI, it takes a lot of reasons to get the bull season back at this point.

Nah, even with a lot of reason if you can't get the people to buy and accumulate more Bitcoin, the price won't go nowhere but stabilized. Whether you believe it's a sign of bullrun or not, as long as you are hodling your Btc and accumulate at this current price, I think you're perfectly fine.
Lastly, I don't think the CPI have a good influence to Btc price.

Ultegra134

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I expect Bitcoin's price won't fall back to $16,000 levels but will settle at approximately $18,000. Unless you're a trader, I don't see why you'd proceed to sell at such a low price; it was just a minor bull run. Perhaps it's a decent opportunity to sell and proceed to buy at a lower price in the upcoming days or weeks, but as a holder, I don't see the reason to bother. Personally, I prefer the safety of holding—not sure for how long, but certainly not planning to sell below $50,000 for any reason. My DCA is a little lower than $28,000, the majority of which is obtained through signature campaigns.

BreachOfEuphoria

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I sold some when the price was at 18.1K. I did not expect it to go much higher.

Some other positions, i have not sold yet. It would be nice if the BTC price went higher but as other users also mention, I also suspect this could just be a pump.

Crypto Library

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

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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.?

I am holding my btc fund for the bull-run not for this small pump. So there is no question of me selling the bitcoins held here. And looking at the past bearish market, I feel that the market may see another big dumping very soon because what we have seen in the last few days is that the market gives a little pump and then goes back to a big dumping.
So I agree with that we would have to see Bitcoin in the 16k to 20/21k range for a few more days.

Anonylz

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Couldn't let this unexpected opportunity to pass by without taking full advantage of it. I buy at 16k and sold at 20.9k and earned a decent profit. Now am just patiently waiting for a nice correction to get back in. I wasn't expecting such a sudden pump in price to be honest, I bought to await the upcoming bull market but seeing that price pump, I couldn't resist.

Zaguru12

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Quote from: seoincorporation on January 16, 2023, 09:03:26 AM

Is hard to predict the next move, but with the current market cap of $977.09B I don't think this is going back to $16k in the next few days. I know it was a nice surprise to see btc touching $21k, and some of us feel bad for selling in the past days at $17k... but that's how the markets rolls, Bitcoin loves to give us these crazy moves. Let's see what this week has for us.

I also think it will go back to the $16K margin the best thing for any one trying to accumulate will be to do DCA at least every week because I believe each we will have new price either a huge dump or high rise. With DCA the loss might be minimized or the profit been maximized. Right now I am not selling off till we touch maybe $50k something I see to happen by ending of the year. This little market pump is the best time to sell of all altcoins

AmoreJaz

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Quote from: Jawhead999 on January 16, 2023, 09:43:52 AM

I mean, there's still 349 days to go before this year will end, but you're now asking the end year price during this recent pump? we can't even know if this pump is a trap or not, there's a high chance it would go lower around $18K and the price will steady until something big happen.

I'm not selling my Bitcoin for $21K, because I've in situation where Bitcoin is still in $40K, it doesn't make sense for me to sell for half price. Currently, I'm not in hurry to need more money, so I can hold for maybe 2-3 years more.

lucky for you that you can wait for years before you will sell your satoshis. if you are indeed a long time believer of btc and you have no immediate need for your coins, you can truly wait for years up util you feel the price is right. 21k price level is indeed low if you happen to witness the ATH of more than 60k. you would wish that it will come again and wait for more. as no one can exactly predict what will happen next in the coming days, you are just left with the hope that btc market will continue to soar and be bullish.

Jawhead999

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I mean, there's still 349 days to go before this year will end, but you're now asking the end year price during this recent pump? we can't even know if this pump is a trap or not, there's a high chance it would go lower around $18K and the price will steady until something big happen.

I'm not selling my Bitcoin for $21K, because I've in situation where Bitcoin is still in $40K, it doesn't make sense for me to sell for half price. Currently, I'm not in hurry to need more money, so I can hold for maybe 2-3 years more.

BitcoinPanther

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I am actively using BTC for purchase and payment so basically it is a yes for me for all the fluctuation of BTC. It was a surprised when BTC surge this past days and holding to the current price. There is not much news except for the CPI while some video on Youtube explained that the current surge of BTC is due to short liquidation. It it looks like this liquidation will continue for sometime.

I don't know whether the buy pressure is strong enough to push the price to the new level like $25k to $30k and there is always a chance that Bitcoin price will retest $16k or below than that if this rally become a bull trap and I hope it is not.

bittraffic

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The price of BTC maintains its position above $20K though so If this will not go back to at least $18k by Wednesday, the bull market may just continue til we reach $25K. Hoping that it would drop a bit so those who have sold can accumulate more leaving a few BTC left on the order book. I sold the altcoin I have held since it spike a bit. I'm not sure if I am going to be buying back.

Quote from: Yatsan on January 16, 2023, 08:46:34 AM

Yup, managed to exit at $21k, entered at $15k. It is somewhat unplanned to be honest, I never expected that there will be an increase as early as this one given that the year has just began. However I sold my holdings at the mentioned price point because I doubted the possibility that the increase would be continuous. The known reason was the CIP Report recently but I think it is not a reason which would support market resistance against bearish market from last year. I am more expecting of a huge recovery in 2024 but I won't disregard any spike with the market prices to generate profit ofcourse. Always be mindful of the reason whenever the price is whether upward or down to help you with buying and selling decision.

Good profit. Congrats! I also told a friend to sell since he had bought his BTC last year at $18K. He did listen to sell while I'm not selling. I was pressured he might blame me again. If the price continues to blow up, I hope he will not blame me still.

seoincorporation

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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.?

Is hard to predict the next move, but with the current market cap of $977.09B I don't think this is going back to $16k in the next few days. I know it was a nice surprise to see btc touching $21k, and some of us feel bad for selling in the past days at $17k... but that's how the markets rolls, Bitcoin loves to give us these crazy moves. Let's see what this week has for us.

Don Pedro Dinero

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Are you joking? Of course I didn't sell.

I see bitcoin in the long term, very long term, and although I will probably make partial sales in the next bull market, my goal is to accumulate more. I am not going to sell for such a small rise. Why am I going to sell now if next cycle I expect the price to be at least 7 times higher?

Quote from: Yatsan on January 16, 2023, 08:46:34 AM

Yup, managed to exit at $21k, entered at $15k. It is somewhat unplanned to be honest, I never expected that there will be an increase as early as this one given that the year has just began. However I sold my holdings at the mentioned price point because I doubted the possibility that the increase would be continuous. The known reason was the CIP Report recently but I think it is not a reason which would support market resistance against bearish market from last year. I am more expecting of a huge recovery in 2024 but I won't disregard any spike with the market prices to generate profit ofcourse. Always be mindful of the reason whenever the price is whether upward or down to help you with buying and selling decision.

Congratulations on winning at the casino.

Yatsan

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Yup, managed to exit at $21k, entered at $15k. It is somewhat unplanned to be honest, I never expected that there will be an increase as early as this one given that the year has just began. However I sold my holdings at the mentioned price point because I doubted the possibility that the increase would be continuous. The known reason was the CIP Report recently but I think it is not a reason which would support market resistance against bearish market from last year. I am more expecting of a huge recovery in 2024 but I won't disregard any spike with the market prices to generate profit ofcourse. Always be mindful of the reason whenever the price is whether upward or down to help you with buying and selling decision.

Bitstar_coin

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This is just the beginning of price recovery, there is a better chance of selling high in months to come. In my case, there was no need for that (besides, am not holding a big bag of btc).
Although day traders will not miss such opportunity, for those who bought in around 16kish that was a good profit within few days. Btc is always full of surprises, to think some people where predicting 10k and actually waiting for it, they must be in shock by now.

Topic: Did you sell off during the 21k price breach. - page 6. (Read 903 times)