Did you sell off during the 21k price breach. - page 7.

G_Besar

hero member

Activity: 1120

Merit: 504

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.

Those who are selling too fast with the excuse that they are already seeing profits in the near future are people who have no patience and are still doubtful of more increases in Bitcoin. Even if Bitcoin is able to reach $21K in this month which is the beginning of 2023, indirectly there will be an even better increase next month if there are not more people selling in the short term.

Quote

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 personally still really hope for a bigger increase from this month and absolutely do not expect a drop to the lowest price again. Because I don't trade with Bitcoin even though I trade with other cryptocurrencies. So I'm not expecting another downturn in Bitcoin especially this year

taufik123

legendary

Activity: 2744

Merit: 1878

Rollbit.com | #1 Solana Casino

To take advantage of this moment, of course, I sold some and took profits, because some bitcoin purchases when the price drops to 16k I target sales at $ 20k and above. Making a few sales makes a profit and holds the rest of the Bitcoin for the long term.

This aims to get capital to buy at a lower price when the price starts to correct again if it suddenly drops back towards $ 16k, but maybe it's still difficult for now if it's not accompanied by some FUD manipulated by whales.

Right now it's possible that the whales took a lot of profit when the bull market started in 2023, and remember that the Chinese New Year holiday is almost here, the whales are taking profits for their holiday on the Chinese New Year.

If you have sold for $ 21k then enjoy the benefits and monitor first.

Bitcoin Monthly Returns Until 2022
bitcoin returns 2023 whether the pattern will be the same or will it increase,
we'll just have to wait

Erumo

member

Activity: 564

Merit: 50

Quote from: mindrust on January 16, 2023, 07:33:20 AM

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.?

No. A fair price for a bitcoin is one million USD. Before we reach that price, I ain't selling shit. Bitcoin has limited supply. FIAT has unlimited supply. When you think about it, even a million US D looks like a conservative prediction. In theory you can't even measure one bitcoin in terms of the USD. That means bitcoin's fair value in USD is basically infinite. 999999999999999999999999999999999

Ohh yeah? Then why do you always move signature reward funds to other wallet. I would believe that you send all your funds through mixer to cover tracks Cheesy

Nevertheless I share your vision of holding till Bitcoin hits a million. It will be stupid to hold Bitcoin all that time and sell at soon as the showed a tiny growth. A million or nothing. (Or a hundred if a have hundreds of Bitcoin Cheesy

)

Outhue

hero member

Activity: 686

Merit: 403

DGbet.fun - Crypto Sportsbook

I took some profits, I feel like this is a bull trap, we can't ignore that it's too early for any bull market at this time so this is the best you can do, to me this is another relief rally and we need to continue going side ways, if the pump continues it's not a healthy one, there will be a massive correction.

Even if 30,000$ per Bitcoin happens in 2023 we can still see a retest of 15,000$ again, lower your expectations until halving season before expecting a reliable market uptrend.

hitsnorth

jr. member

Activity: 145

Merit: 1

Of course not. I never invested money I'd need soon, I can wait. And I'm pretty sure $20K is not the highest price we'll see this year.

Aanuoluwatofunmi

sr. member

Activity: 812

Merit: 436

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

Some would have seen this coming while others may not have done so but for the fact that you buy bitcoin this year before last week Saturday is an indication that you have already realized something good enough from your purchase either on a short or long term, if you noticed some weeks prior this last one, there have been sone stir as well on the general crypto market with prices fluctuating while that with bitcoin only happens to occur this last Saturday and those that have bought already make some profits, yet it is believed that the bull run hasn't started yet.

mindrust

legendary

Activity: 3276

Merit: 2442

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.?

No. A fair price for a bitcoin is one million USD. Before we reach that price, I ain't selling shit. Bitcoin has limited supply. FIAT has unlimited supply. When you think about it, even a million US D looks like a conservative prediction. In theory you can't even measure one bitcoin in terms of the USD. That means bitcoin's fair value in USD is basically infinite. 999999999999999999999999999999999

Inwestour

hero member

Activity: 980

Merit: 947

Quote from: hd49728 on January 16, 2023, 07:12:16 AM

Bitcoin can continue its recovery to $28,000 or $30,000 and last two days are not ending of its mini bull run.

However I believe Bitcoin will retest the $15,000 bottom in future so if you want to wait for better profit, wait to take profit around $28,000. If you want to make sure you won't miss any profit, 20% is good enough, take it now.

I believe it will need a few months to see Bitcoin to touch $15,000 or $16,000 again. Perhaps it will only be seen with a flash crash before 2024 bull run.

Now it is difficult to say where the price will go next, it is clear that the level of 21k has certain difficulties for further upward movement, but it is quite possible that before falling again there will be a deceptive upward movement.

For now, it's worth taking a short break and seeing what happens next. I also expect that we will return to lower levels before fully entering the bull market phase.

Selling now to make a small profit can be too risky if we assume that the price will not fall, but will continue to rise. This is unlikely, but it cannot be ruled out, now it is better to wait a bit and see what happens next.

crunck

legendary

Activity: 1176

Merit: 1005

crunck

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.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Bitcoin can continue its recovery to $28,000 or $30,000 and last two days are not ending of its mini bull run.

However I believe Bitcoin will retest the $15,000 bottom in future so if you want to wait for better profit, wait to take profit around $28,000. If you want to make sure you won't miss any profit, 20% is good enough, take it now.

I believe it will need a few months to see Bitcoin to touch $15,000 or $16,000 again. Perhaps it will only be seen with a flash crash before 2024 bull run.

DaNNy001

hero member

Activity: 644

Merit: 520

Leading Crypto Sports Betting & Casino Platform

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.?

Topic: Did you sell off during the 21k price breach. - page 7. (Read 903 times)