Is someone worried about the recent decline of BTC? - page 14.

UserU

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Quote from: mk4 on May 11, 2021, 05:17:54 AM

Lol screw $52k, let it drop to $10,000 if possible. The lower the price drop, the better the opportunity, and the more price increase I can have for the long-term. Also, we probably need another shake-off to get the weak hands out. People are getting too cocky investing in animal coins.

Imagine the founders laughing to the bank at any ideas they could pull out of their asses. If a rugpull happens, then I guess that's when we can start scooping more from them Grin

acener

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Quote from: virtualdn on May 11, 2021, 04:05:27 AM

Quote from: YanBitMoney on May 11, 2021, 03:58:37 AM

Is someone worried about the recent decline of BTC? Don't worry, and it won't lose BTC's momentum in the future. A new report from Whalemap shows the largest cluster of whale coins in the range is 120,000 BTC at $ 58,000. As such, the lowest price can drop now at $ 52,000

$ 52,000 “Should Be BTC Floor.”
https://medium.com/snapbots-news/snapbots-news-review-bitcoin-drops-but-bull-run-wont-end-9090f739a6f3

It could drop to $40,000 and I'm still no worried at all. You have to think long term in this market. It will come back stronger than before. Relax and enjoy the ride, everything will be fine as long as you have strong hands.

I strongly agree and I could say I feel the same way it could drop down to $40K but I wouldn't be worried about it.
We have seen those kind of scenarios before we just need to calm down and if you couldn't enjoy it or take advantage of it then just hold and focus on the future.
You could actually gain profit even if the market drops you just need to buy back before it starts to fly high again but it is hard to predict when would it happen.

slaman29

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I don't know about you but that doesn't prove anything to me at all. The biggest cluster can all be at 100k for all I care, but when people decide to sell, they will sell. I have been forced to sell alts plenty of times at almost max loss, but I thought using the money was far more important than holding on, especially since I invested what I could afford to lose.

Alucard1

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It can definitely go down up to $25000, everything can still happen with the value of bitcoin but still we should not be worried about it, especially if we are holding for a long term, bitcoin is continuous on increasing year by year so if ever bitcoin would go down on the range of that value, it can still recover and reach another new ATH again. We should not be worried about this because that is pretty normal with bitcoin.

hazenyc

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Quote from: YanBitMoney on May 11, 2021, 03:58:37 AM

Is someone worried about the recent decline of BTC? Don't worry, and it won't lose BTC's momentum in the future. A new report from Whalemap shows the largest cluster of whale coins in the range is 120,000 BTC at $ 58,000. As such, the lowest price can drop now at $ 52,000

$ 52,000 “Should Be BTC Floor.”
https://medium.com/snapbots-news/snapbots-news-review-bitcoin-drops-but-bull-run-wont-end-9090f739a6f3

Worrying when it comes to Bitcoin price discussion also depends a lot on when you need the money. If you can be patient I would say there is not too much to worry about. If you can't any price drop could hurt you.

isaac_clarke22

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We even went below than that when BTC did a price correction recently. It was like 47k-ish, and I can't exactly recall because I am not into shorter-term updates.
It was an opportunity for the many to buy more. I believe it was after Musk said that he sold his Bitcoins but then clearly stated that he still holds. Cheesy

mk4

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Quote from: YanBitMoney on May 11, 2021, 03:58:37 AM

$ 52,000 “Should Be BTC Floor.”

Lol screw $52k, let it drop to $10,000 if possible. The lower the price drop, the better the opportunity, and the more price increase I can have for the long-term. Also, we probably need another shake-off to get the weak hands out. People are getting too cocky investing in animal coins.

20kevin20

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Probably every single minute at least a few sats are being lost. Halving + lost coins accounts to an even larger scarcity than the one Bitcoin's protocol gives it. So no, I won't worry about the price dump. It's something normal in every markets and if something's certain, it's that in time Bitcoin does certainly become harder to find. Hence, price should increase as adoption levels go higher.

Lorence.xD

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Why would you be worried though, I mean it's not the first rodeo of bitcoin into dumping, 2018 was much worse and look at it, it bounced back more than what many expected, just let it be and the market will do its job and it will pump real high when we least expect it.

Wexnident

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Pretty sure the only ones worried would be day traders and probably people who take a peek at BTC price every minute or so, panicking that the money they invested would be lost if they didn't check it every now and then, which I'm pretty sure has no effect whatsoever to the market moving and is basically just them wasting their time by investing in a market that they have no bloody idea what it is about.

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Quote from: YanBitMoney on May 11, 2021, 03:58:37 AM

Is someone worried about the recent decline of BTC?

Personally, I'm not worried since 1 BTCitcoin has always been equal to 1 BTCitcoin ^{[other conversions don't matter]} and I've always used it for what it was meant for as opposed to most of the newcomers that only see it as an investment asset ^{[they're using it for the wrong reason]}.

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Quote from: virtualdn on May 11, 2021, 04:05:27 AM

It could drop to $40,000 and I'm still no worried at all. You have to think long term in this market. It will come back stronger than before. Relax and enjoy the ride, everything will be fine as long as you have strong hands.

That's it, why worry when we all know btc is for long term, market will always drop and go back up even strong, if there is no drop in price, there won't be new buyers, at least from the non-institutions buyer point of view, btc rose from $3500 to $50k and above within 2 -3 years time frame, this is enough to tell us is capable to reverse from any price, patience and steel hands are required.

Kakmakr

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I am not too worried about the whales playing.... just ignore the small margin drops and just hoard the coins you have. We have gone through a lot worst in the past with the Bitcoin price going down from a ATH of $18 000 to a shocking $3000.... back in 2018.

We all know some whales are taking profits on a regular basis, because the volatility is quite high in Bitcoin, so while they still own a large percentage of the coins, we will just have to ride it out. (As more coins gets distributed more evenly, this will reduce large price fluctuations) Wink

virtualdn

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Quote from: YanBitMoney on May 11, 2021, 03:58:37 AM

Is someone worried about the recent decline of BTC? Don't worry, and it won't lose BTC's momentum in the future. A new report from Whalemap shows the largest cluster of whale coins in the range is 120,000 BTC at $ 58,000. As such, the lowest price can drop now at $ 52,000

$ 52,000 “Should Be BTC Floor.”
https://medium.com/snapbots-news/snapbots-news-review-bitcoin-drops-but-bull-run-wont-end-9090f739a6f3

It could drop to $40,000 and I'm still no worried at all. You have to think long term in this market. It will come back stronger than before. Relax and enjoy the ride, everything will be fine as long as you have strong hands.

YanBitMoney

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Is someone worried about the recent decline of BTC? Don't worry, and it won't lose BTC's momentum in the future. A new report from Whalemap shows the largest cluster of whale coins in the range is 120,000 BTC at $ 58,000. As such, the lowest price can drop now at $ 52,000

$ 52,000 “Should Be BTC Floor.”
https://medium.com/snapbots-news/snapbots-news-review-bitcoin-drops-but-bull-run-wont-end-9090f739a6f3

Topic: Is someone worried about the recent decline of BTC? - page 14. (Read 2687 times)