Free falling Bitcoin | Bitcointalksearch.org

LUCKMCFLY

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You could say that BTC is not in free fall, for now it has a price in recovery, it is going for the 9.50% recovery, but it is down much more than the 35% that many had predicted, some bears were waiting for the price at $ 27k but the smarter bought in the fall, this analysis is short-term, but a recovery trend is forming, possibly bullish:

Quote

Yesterday's growth was just a correction after a sharp dump as bulls could not seize the initiative. The weakness of buyers is also confirmed by a low trading volume, which means that they are not ready to come back to the area around $50,000.

Source: https://u.today/btc-eth-xrp-and-ada-price-analysis-for-may-21

If this continues, the trend that many expect to be bearish is further and further away.

yohananaomi

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Quote from: kapalmabur on May 19, 2021, 12:26:56 PM

Hold bitcoin is only for people who buy when Bitcoin is cheap, for example when it is at the price of $ 10k or $ 20k,
of course there are many people who sell when Bitcoin reaches $ 60k, yes the profits have also been many, although many mass adoptions are reported,
will but everything can be traced, such as the declining dominance of bitcoin, this is a sign of the next downturn in bitcoin prices

if when you buy, as you say, it is still priced at $ 10K- $ 20K, and so far you haven't sold it because you want a higher price, of course it's better to hold it. because the correction is too deep, it can be ascertained that this is only the influence of bad information that is developing either it may be the influence of @elonmusk or being banned in China. we cannot conclude all of this yet, and indeed it has.

but if we believe that there will be an increase this year then we don't need to worry and stay strong in seeing situations like this, because excessive panic can make us not control ourselves and can be detrimental. believe that improvement until the end of the year can still occur and we must believe in it.

Silberman

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Quote from: magneto on May 18, 2021, 07:10:27 PM

Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

Lmao, this post is like the embodiment of weak hands. Not even a -30% dump and already panicking like crazy.

You should be honest with yourself in terms of why you're holding bitcoin in the first place. If you can't answer that honestly, or if your answer is merely to make money in the short run, then I do think that right now is probably a great idea to cash out.

That's not to say that BTC won't go up in the long run - it is almost guaranteed to, but if you don't have a valid investment objective to begin with, you're simply going to panic sell when you get an even worse price following a dump.

Do not be so hard with the guy, I know that the first time I got to see a drop in the price like that I was still relatively new to the market and I got scared as well, this is a trial by fire, you either endure it and get stronger because of it or you leave the market and never comeback, either way he is going to learn a valuable lesson about himself, I personally hope that he endures it as I do not like to see newbies coming to the market and then get crushed immediately, and if he survives this then I can assure you he will become a holder and get strong hands to the point no drop in the market will generate a reaction on him anymore.

kapalmabur

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

Hold bitcoin is only for people who buy when Bitcoin is cheap, for example when it is at the price of $ 10k or $ 20k,
of course there are many people who sell when Bitcoin reaches $ 60k, yes the profits have also been many, although many mass adoptions are reported,
will but everything can be traced, such as the declining dominance of bitcoin, this is a sign of the next downturn in bitcoin prices

proudhon

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Quote from: JohanV on May 19, 2021, 06:09:21 AM

BTCUSD down to 19800 historical trendline dec 2017 and weekly MA200 ..Hope I'm wrong for many of you..

You're not.

newwest

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Quote from: JohanV on May 19, 2021, 06:09:21 AM

BTCUSD down to 19800 historical trendline dec 2017 and weekly MA200 ..Hope I'm wrong for many of you..

Prices have started to go up now as fallen till 33k and now above 38k so good time to invest if you have some money. Doin the same and the rise could also happen quickly just like the fall to an extent so in short term you can make some good profits like 5-10k in few hours or days only.

Yamifoud

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

We are now at below $40k but the market movement still unstable, we drop at $32k but for now, we even get close to $40k. I think that many investors still calm and they are not selling yet their Bitcoin, they are still holding it hoping for another ATH if the market will surge back high again. I was saying that these new sets of investors fully understand the looks and volatility of the market. And they might realize that the moment they participate in the selling, the more it fuels the downtrend.

slaman29

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Quote from: Silberman on May 18, 2021, 12:12:53 PM

Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

It is up to you what you do with your money, however something that is not mentioned a lot but that is really important is that there are days in which it is better to not trade or even take a look at the markets and just go outside and do something else with your time, if you keep staring at the charts when the market is going down you will get the symptoms that you are referring, it is because of that many people give up trading even when they are winners as it is impossible to deal with the pressure for long.

Take it easy my friends. We must surely know that deep crashes are very normal on crypto and what more to say defi and alts that have been rising non stop now for a few months. This was always coming, and better it comes now and builds us a strong foundation to continue the growth rally if that is really what is coming now!

Take the dips as easy as we take the growth and we'll be fine long term.

JohanV

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BTCUSD down to 19800 historical trendline dec 2017 and weekly MA200 ..Hope I'm wrong for many of you..

traderethereum

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

You need to calm down and not panic because it is a correction that always happens to the bitcoin market.
This time, the correction happens with the bitcoin price drop, but as I said before, you do not need to worry.
It is a good time to buy more bitcoin if you have money because the price is low, and I think it will be hard to see this price in the future.
If you want to watch the price up and down without buying any bitcoin, you are free to do that.
You do not need to sell all of your bitcoin because you will regret it later, especially when the price is increase.

magneto

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

Lmao, this post is like the embodiment of weak hands. Not even a -30% dump and already panicking like crazy.

You should be honest with yourself in terms of why you're holding bitcoin in the first place. If you can't answer that honestly, or if your answer is merely to make money in the short run, then I do think that right now is probably a great idea to cash out.

That's not to say that BTC won't go up in the long run - it is almost guaranteed to, but if you don't have a valid investment objective to begin with, you're simply going to panic sell when you get an even worse price following a dump.

STT

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I still rate this as a normal adjustment in BTC and its not out of the ordinary to occur, it might not be a sunny day but thats to be expected after such rises. It can recover to higher prices, it will take time to do so.

We are bearish while closing below the Feb lows like this, on the daily right now and also see the end of this week for further reference.

We haven't reached the 200 day average (41k area is closing Jan price) and to do so is just an expected event, when it happens wasnt known but sooner rather then later appears correct for now. It would be a desert if it was only ever sunny days :p Avoid being one sided or short term in outlook, lower prices can encourage some to enter the space who would not otherwise during non stop higher price tag increases.

Im going to throw down a larger chart, because people dont like me chopping off dates but also its a larger move so Im surely allowed in proportion; this is the correct perspective Cool

Oasisman

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

Why reinvest when you can hold and accumulate more Bitcoin during the dip?
I'm not sure what's your target, but I guess your target hasnt reached yet because you weren't able to sell at $60,000+. So, again why sell, when you can hold and accumulate more during the dip and reap all your ROI once you hit your target in the next bullrun (though we're not in the bear market just yet).

It would be more sensible If you keep calm and accumulate. If you're not yet aware, Bitcoin is such a highly volatile asset that it could literally jump a few thousand dollars in 1 day, and this kind of "free fall" you said is just a normal price movement. You can't expect Bitcoin to keep rising and rising every single day. Corrections and dip are inevitable because some are selling at a certain point of Btc price.

Hamphser

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

You're fully aware but still you do end up on considering on panic sell and wait up for the right or suitable time? If i were you then its better not to see the market or check out often

because the more active you would be checking out the more emotional you would be.If you are really going for long term with Btc then wait up for the recovery because bitcoin

had already proven out on reaching new points unexpectedly.As a human being i do understand that not to panic is really hard to sustain in one self when you do saw your portfolio
is falling down or in negatives.

jaberwock

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Quote from: Saisher on May 18, 2021, 08:58:22 AM

Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

You have the wrong attitude on investing in Cryptocurrency, you have been warned to only invest what you can afford to lose, and never take a loan to invest, people who are not comfortable with their investment will show sign of anxiety, if you want that anxiety stop, then start selling, it's better to lose and have a peace of mind.

Interestingly it is neither about money you can afford to lose, nor about taking a loan, nor about anything financial, it's all about the person who trades/invests and as long as they are good, they are good. For example, I have a friend who is super super rich, and he invested over 2 million dollars into crypto and now has about 800k, all because of his own mistakes, of course that was a "small" amount for him, even for him it was a decent amount and he got upset over it, but it didn't change his life, he could afford losing that much and still live the same life.

I also had a friend who had 4k dollars when all this started, he has over 120k now thanks to all the smart decisions he made. Both of them are smart people, one of them is smart enough to have 2+ million dollars just to invest, and the other is smart to get 4k to 120k, but investing requires different mindset.

Silberman

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

It is up to you what you do with your money, however something that is not mentioned a lot but that is really important is that there are days in which it is better to not trade or even take a look at the markets and just go outside and do something else with your time, if you keep staring at the charts when the market is going down you will get the symptoms that you are referring, it is because of that many people give up trading even when they are winners as it is impossible to deal with the pressure for long.

worle1bm

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

It's not the only case with Bitcoin as price dips are very normal in this crypto market and we have seen worse than this.Panic selling is just for weak investors.

So what I want to say is that fiat has lost its value much higher compared to bitcoin with rising inflation and its robbing you day by day but nobody utters a word about it? Bitcoin on the other side which is deflationary witness some normal dips and correction then new investors blood pressure tends to rise so easily.Imagine you have saved $1000 in 2010 and now that would have valued to $100 only compared to inflation rates and same investment in Bitcoin would have turned to $35 million today!!! Just imagine the returns and try to remain calm instead of eroding away with FUD in the market.

LUCKMCFLY

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It is not that he is in free fall, although we remember what Brandt the Bitcoin investor said that it could be that the price fell by 35%, which for him was something very natural, and that's right, in a market this type is normal correction, in a Cointelegraph analysis they were very accurate about it:

Quote

However, the bulls are unlikely to give up easily. They will try to stall the decline in the $43,000 to $40,000 support zone but if they fail, the decline could be sharp.

Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-xrp-dot-xlm-sol

It is necessary to highlight that the price of Bitcoin has shown some recovery, at any moment we can see the price in green again ...

uneng

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Crashes in price are the worse trap for new investors. I believe their impact is even worse than scam offers for investors who lack experience in the market, as they cause a more severe damage on investors' psychological and for many it's the end of their investments in crypto, losing the long run profitability of bitcoin, as we have already seen in past years investors acting like this.

Yesterday the news said fearful and scared new investors were already selling all their bitcoins due to the crash in bitcoin price, while older investors were already buying these bitcoins, because they know it's a great opportunity to collect more bitcoins for a good price. So, don't panic, never.

Saisher

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Quote from: Armani123 on May 16, 2021, 10:44:54 PM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

You have the wrong attitude on investing in Cryptocurrency, you have been warned to only invest what you can afford to lose, and never take a loan to invest, people who are not comfortable with their investment will show sign of anxiety, if you want that anxiety stop, then start selling, it's better to lose and have a peace of mind.

Topic: Free falling Bitcoin (Read 575 times)