How do you manage Bitcoin price now - page 8.

onecall123

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

If the market is crazy and a break-out could happen either up-side or down-side, best to stay calm and wait patiently for better days to come. Now what I see is a short term bearish trend and the price could test 53k and then go higher if it holds. Bitcoin should correct further given that the market remains bullish. Yep, I'm bullish, but I'm worried that Institutional whale money may see this as an excellent opportunity to short the market. Oh well, no one can be sure.

tygeade

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

There are very least possibilities for ending up the current bull run without FOMO driven rallies hence a new ATH yet to come and what you have mentioned about "manage bitcoin" are belonging to only active traders and certainly not for long-term holders. In my opinion, most people from this community are long term holders which means you may not get a right suggestion for your action of managing bitcoin price levels for current situations Wink

.

Develop patient and adopt long term strategy to enjoy hassle free profits (simply try to make use of all dips).

I am expecting a sharp bounce back by this weekend as Elon Musk may get back to action after taxation and some governments may unveil their neutral stand on cryptocurrencies by next week. So, sideways trend to be expected for all remaining days of this November.

Oshosondy

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Quote from: ultrloa on November 18, 2021, 06:58:33 PM

For certain things happen like this I mostly covert my bitcoins to stable coins so that the dump will not cause any huge harm unto my balances and can able to buy back again once the market stabilize then starting to recover back again. But for people who can take the risk maybe its good for them to hold still and brings some extra capital to do buy backs since this can lessen the market pressure brought by the current dump and we will got higher chances to earn again.

These are both good idea, but the second will be good, not because of the selling pressure but because the person is still holding bitcoin and having fiat to buy more during dump. Some people have a good investment strategy, an example is when an investor divide his capital into categories and having certain time to invest. When bitcoin falled the last time to $30000, some investors divided their investment capital into categories, like when bitcoin falled to $45000, they invested. When bitcoin falled to $40000, they invested more. When bitcoin falled to $35000, they invested. When bitcoin falled to $30000, they also invested and expecting bitcoin to fall to $25000 to invest more. These kind of people have gained now and having this kind of strategy rather than selling all their bitcoin. But yes it is true that these kind of people are helping the bitcoin price not to drop the extent it ought to have if they are not selling their bitcoin.

bitzizzix

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What happened now, what happened before and what happens in the future has become the nature of bitcoin what has happened will happen again.
so take it easy, everything will be fine and when the bitcoin price goes down sooner or later it will rise again, so you just need to be patient or take advantage of the downturn to make purchases to grow your holdings or hold it firmly until the bitcoin price rises again according to your target.

and I think the things that happen to bitcoin are normal for those who have been in the industry for a long time and will relax or calm down, except for those who are newbies.

Wexnident

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I don't. That's what makes my life much easier, I don't look at what the price is today, or in the next few weeks/months, I look at it for the next few years. Honestly, fussing about the price day in day out just stresses the f out of me so I just decided to stop doing that and hodl for as long as I could. Honestly just take it, up or down for the price today or tomorrow, it wouldn't last that long. Bitcoin hasn't peaked yet, so assuming that it would go down just from a few dips seems pretty bad imo.

Kemarit

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Quote from: mirakal on November 18, 2021, 10:18:26 PM

Just relax and take the dip.

Yep, we can't do anything about the current correction we are seeing, we have to accept it.

Quote from: mirakal on November 18, 2021, 10:18:26 PM

This is just part of the process, but always look at the future as bitcoin will eventually achieve a new ATH, maybe not this year but for sure by next year there will be a lot of surprises. In every ATH reached, we can always expect a correction and what we are seeing is just pure correction.

Also, don't be surprise as if you only see it now as it's been this way ever since.

For those of us who have seen this kind of 'flash crash', we think of it as just part and normal process. And so we built mental toughness and then we wait till the price bounce back and recovered and the process repeats itself. So nothing to be surprise here, and we should always look at the bright side, that this dip is a good time to buy and it won't last that long and perhaps we can reach all time high again in December.

mirakal

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Just relax and take the dip.

This is just part of the process, but always look at the future as bitcoin will eventually achieve a new ATH, maybe not this year but for sure by next year there will be a lot of surprises. In every ATH reached, we can always expect a correction and what we are seeing is just pure correction.

Also, don't be surprise as if you only see it now as it's been this way ever since.

lienfaye

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I'm used to seeing the price of Bitcoin turning ups and down hence its not surprising anymore if the price is declining. Its just that, some of us (particularly newbies) are expecting the movement to be always positive even we know its not possible since its high volatile.

I keep holding and maintain to be firm especially during this time that we need to avoid panic selling. I decided to forget for a while the market and focus on other things because it can help to stop thinking about the current happenings on crypto.

TravelMug

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

What do you mean no direction, it's either going up or down.

I think the best strategy to manage is just to simply hold and then buy at dip, simply as that. Others hedge it to USDT or something. But smart investors knows better, I mean currently we are in a correction, so this is a golden opportunity to buy bitcoin at a cheap price.

And then that's where the patience that you are talking about, HODL on it and wait for the market to make break out to the upside.

ultrloa

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

For certain things happen like this I mostly covert my bitcoins to stable coins so that the dump will not cause any huge harm unto my balances and can able to buy back again once the market stabilize then starting to recover back again. But for people who can take the risk maybe its good for them to hold still and brings some extra capital to do buy backs since this can lessen the market pressure brought by the current dump and we will got higher chances to earn again.

GreatArkansas

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Going out and avoiding watching charts from time to time or the price of Bitcoin is good for me.
If you are here for the long term, you should not be worried about the price of Bitcoin right now. We just created all-time high a few days ago, so for sure this is just a correction.

milewilda

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

How you do able to say that it has not direction?

Bitcoins price and other coins in the market had some serious or deep correction at the moment but doesnt mean that this is already the end or something like that because ive seen lots of threads that do talks about being over which is really laugable imho.If you do have that sufficient experience in the market
then you would really be that chill and relax on whats happening now and instead of freaking out, you would rather see these moments to be
the best time on accumulating cheap coins.

eaLiTy

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

It depends upon the position you want to take considering when you invested and how long you are planning to hold in the unfortunately situation that we see a major correction Wink

. We had a great rally in the market and there are things that are going on in the world especially we are going through a pandemic and the inflation is a huge issue and commodity price are rising drastically which is not a great aspect either which means anything is possible and we will see how the market will react in the next few days.

sunsilk

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

Waiting patiently and risking at the same time can work.

As you're holding, you're also taking the risk because you have no idea what will happen next to the market. It's unclear for the direction of bitcoin? I don't think so, there's a direction that we're not just seeing right now.

Wait until this dip is done and we'll see the recovery and the direction that's going to become clear afterwards.

Hamphser

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

Decisions like these would still end up on someones discretion and we know that we do have different takings and decisions when it comes to this and if you do look that Bitcoin price is nowhere to go or doesnt have any patterns then its just a typical stuff.

Bitcoin price movement is never been predictable on the first place thats why you should be wise on doing or making decisions and this is where
people experiences would vary.

Deal up with things according to your knowledge and skills.

rhomelmabini

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

CME report are still having more long positions even when the price of Bitcoin plunges below the 60k and I'm still confident and it's still manageable price right now. More like we are in the accumulation phase and it's just a matter of time until we broke that 6 figures for Bitcoin price. I wonder why people are still being FUDded over such nature of trajectory for Bitcoin, once it broke a new ATH just be prepared for a downside scenario maybe by days or even weeks.

Gozie51

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Quote from: dbc23 on November 18, 2021, 01:28:02 PM

I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?

There is no need to wait now that the price dropped today. Bitcoin dropped $3,000 in a day and this is huge , maybe tomorrow it can go down more. Watching out for a good entering time is needed. The new week can be a determination for what direction that the price may move to. The $57k support has been cleared, we may see some rush in the market this new week because of the end of the year rush.

yhiaali3

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As I see it, now is the time to go in and buy more bitcoin as the correction continues, maybe this is a very good opportunity to buy with the possibility that the price will slip more down, but I personally have the theory of buying more bitcoin and increasing the quantity as the price drops more because I see the upside clearly Despite this temporary correction, soon we will see the explosion of the market and the arrival of Bitcoin to a new ATH before the end of the year or the beginning of next year at the latest, so I think it is better to hold out now and whoever has spare liquidity will have to support more and more because the time to take profits is very close.

Stedsm

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The time is the best for futures traders, it's not good yet for the spot guys who'd like to get an entry from where they can make better profits. I'm still waiting for BTC's weekly close before we can say anything on its position, because if it holds $56k while suffering from this "not bad" dump and ends up above that level after weekly close, it'll not go down deep to levels where people are thinking about. Though, I doubt it'll hold it, because of this - https://www.pcmag.com/news/us-department-of-justice-is-selling-56m-worth-of-bitcoin

Oshosondy

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If you hold, the price can decrease, but it will increase back and later after decrease and increase, another ATH will be attained, which means you do not need to bother but just hold for years if you are not using your funds for anything.

If you are in need of your money, then sell your bitcoin, but know that most gainers are the holders. You can sell, expecting the coin to fall, if falled, then buying again would be great. But people that did not sell will also still later gain and Bitcoin will reach ATH.

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