Topic: SELLING NOW = THE PEOPLE WHO SOLD WHEN IT DIPPED FROM $1000 TO $200 (Read 697 times)

really?  Then its good news.  but im very curious maybe it will take s long time before the price goes to 10k cause as i see the price nowadays is 13k and the price is crashing slowly. Maybe the price will recover in mid of January after the price touch down the 10k value,.

Writting in MAJ does not replace decent arguments...

Well, what about those who were able to sell at $800 and then rebought double the amount of BTC when it fell to $400?
 

Lol. Newbie mistakes. These people likely didn't have the time to evem read a little about bitcoin that's why a slight setback makes thrm abandon ship.

Dow Theory says differently.  Thats a warning given to state nothing repeats simply as it did previously and I do agree with that point but also past events matter for reference.     I was just going to say I've been crypto since before Mt. Gox. blew up and I think that was the main influnce to the top that formed at 1000 and the drop afterwards.

The whole market was far more dependent on just BTC then it is now, we have some strong second place candidates now with different kinds of rhythm to them.     Also the market then was centralised to that exchange and without fully realising this price was not accurate, it was leveraged with the coins being counted twice.    So false accounting and too much trust in 1 company was a problem then, we wont exactly repeat that though its still true now that not enough wallet use occurs.

There is the ironic effect of forks, this encourages people to use wallets in order to claim the fork coins.    Ironic because I think this reinforces the BTC protocol by wallet use over these possibly insecure websites that are targeted by virtual thugs.

Also the drop took a long time, the speed of change now is far more rapid.   The main point would be to focus on the protocol not the price changes that occur in speculation of its changes.   I'm bullish on BTC if it fixes its logjam and puts power to transact back with the vast majority of users, serving the many over the few.

I did not see any reason why people are cannot hold there coins but are selling out of panic. We have had this experience many times this year and the price always go up after this happen. I believe that before middle of next February bitcoin will be trading above $25,000 and by then many will be regretting that the sold there coins below cost.

With Bitcoin it's really hard to call highs and bottoms. The recent rally was super explosive - at first people were carefully predicting $6,000, then maybe $8,000 but despite the most brave predictions it went to $10,000 and eventually to $20,000. To those who got in at around $4,000 it would be a tough choice to call the top of $20,000 as every price jump was so big and could have easily be the top. Same thing goes for downward movements - it's always hard to tell how low will it crash. This means that for newcomers it's better to just hold for years, as there's no good way to call tops and bottoms on this market.

You should buy some more at the price now to offset your 19k purchase and average it out at a lower buy-in. The price will go back up but you should try to make a profit when it does, not just break even.

Well i don't panic nor i follow my emotional. I know i have to hold my all bitcoins. I bought some few coins when the price was 19k and now its drop to 13k but i won't sell them, I don't want to feel regret again in future. I am pretty sure next year will bring happiness in our life and we shall see all time high of bitcoins next year.

You may try sending with a lower fee and then using a bitcoin accelerator and see if you are one of the lucky ones that can get their transaction accelerated for free, I know it sucks but currently the fees are very high and are not affordable for most people in the forum.

I think theres something wrong with your math. At this level, selling would be a 30% drop from ATH, not a 80% drop from ATH.

There's money to be made playing bitcoin-usd swings, but if you ask me its not worth it when smart altcoin holdings can get you much bigger profits with little risk of being left behind in fiat.

Definitely you should hold most of your coins (way too early for "the crash", and BTC has survived much worse), but it is not a bad idea to hedge.

If you sell and get your principle back, you won't have terrible regrets no matter what happens. In fact, if you sell some at a high, you can then buy the dips.

Anyways, Novogratz predicts it will bounce between 10k-16k for a little while, and I think that is reasonable.

Don't Do It! Don't Make Random Price Predictions! You Will Feel Very Foolish When It Doesn't Hit 25k In Late January-Early February!

Let people do what they want to do! One of the best things of Bitcoin is the free, global market that exists. The people that bought at $19k probably feel foolish too...you're not helping them.

According to Masterluc, its 10k.

It will be swinging between 10-16k for some time.

I don't think we will see it at $3k in next 10 years but we can expect now a long recovery.

I'm sure that not all people are selling in panic. Some just need fiat for the holidays, like me. At least I've managed to sell the needed amount at $18K.

People need to start making there own minds up on when to buy and sell.  For the life of me I cannot understand people who follow twitter account of unknown people who spam when to sell and when to buy.

Think about it..Do you think they do that to further your position or make gains on there own positions.

Buy when you feel comfortable.
Sell when you require.

Do not listen to FUD do not trade on someone else's "hot tips"
Learn how the market works bitcoin has always been volatile place to trade it has upped the steaks since the price is so high now. trading really is no longer for the noobs.

It'll probably happen again in 2018.
Maybe around $3k.

It really has been a chain of events. The spam on the network, coupled with Roger Ver going on all over national TV to say how Bitcoin is dead and how they should buy Bitcoin Cash, then the Futures Market added right when Roger does this possibly triggered further panic-selling as well, and we also were prime for a correction anyway due the massive bull run. We haven't even crossed below $10,000, and even if we did, we would still be okay. 2018 will bring us many all time highs. Most people selling now will feel stupid sooner or later.

You can't compare the current situation to that in 2015. Back then, the users got tired after the exchange rates fell continuously for more than 2 years. And here we are talking about a temporary dips after attaining the record highs just a few weeks earlier.