Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ?

Silberman

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Quote from: KingsDen on October 01, 2022, 04:37:14 PM

Quote from: DigitalMonk on September 03, 2022, 06:45:47 PM

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

It all depends the purpose one is holding bitcoin. Someone who has bitcoin and waiting for some price movements to take profit will surely sell at $30k to $40k. Then someone who is hodling for a long term, who is targeting $70k to $90k cannot sell unless their target is met.

Then there are people who are rich enough to the extent that they don't care to sell bitcoin at any price. Yes, there are people like that who may not be able to sell their bitcoin till they die. That is bitcoin for you.
Bur personally, I won't sell at $30 but I may sell at $50 if I have some financial needs.

The great thing about bitcoin is that you do not need to have millions of dollars in the bank to be able to hold forever, as long as your economic situation is stable, you do not have debts and you have a good enough job then you can hold forever and keep adding to your position as time passes, it is not something easy to do but it is possible, this means that when you are finally ready to exchange some of your bitcoin wealth into other assets the price of bitcoin will be so high at that point that you will spend very little bitcoin and still obtain everything you want.

EdenHazard

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Quote from: jossiel on October 01, 2022, 06:48:20 PM

Quote from: EdenHazard on October 01, 2022, 06:13:16 PM

Selling for your short term profit needed but holding it for as long as you could are importan as well. Just do both tho.

Doing both is what I do.

And for that situation that a whales buy and the market surges and everyone will see. There will be two types of people by that time.

1. Those that will ride the surge and think that it's the best time to get on the roller coaster because it could go higher.

2. Those that will be scared at that time because it's going up and trying to avoid buying at the top.

You just need to make sure that there is selling portion and holding portion.

So you can feel how the hodling thrill when the price unstoppable skyrocketing into the value that you never imagined and at the other hand when you sell your portion .. you are in a chance to grab more coins at cheaper level and so on.

CryptoBuds

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Quote from: Pierre 2 on September 18, 2022, 03:31:39 PM

I think many people would be already buying when it hits above 25000 dollars and above 30000 dollars it would already hit news.
Honestly I wouldn't buy huge amount of Bitcoin yet I think we are still at too early phase for next halving. Although breaking limits can be convincing to at least buy some for quick gains. Like going up from 22000 to 25000. It would be worth. But I tend to hodl. I prefer long term big gains.

When bitcoin hits 25k or 30k although can't say for sure it's a sign of real bulls coming but there will be a lot of Fomo people buying at this price because every time the market moves too fast, everyone People will always assume that bear season is over and bull season is coming. For those who bought at a lower price, I don't think they will be in a hurry to sell their bitcoins because they also think bitcoin will go up in price.

In general, depending on each person's view of the market, there will be people who take profits waiting to buy back, there will be people who think that bitcoin will not fall anymore and the buying opportunity is no longer available, so they will continue to hold until it surpasses ATH.

Oceat

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Quote from: DigitalMonk on September 03, 2022, 06:45:47 PM

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

I'm sure someone will most likely gonna sell during that time maybe they are in desperate need or something. But will the price really hit $30k to $40k again within 6 weeks? I don't think so. The price won't just be touching more than $20k within that range of time and I think the correction isn't done yet. But there's always an exception when the market is always random you can't just predict that this and that would happen, it's just that there are people who can manipulate the market and all we can do is to ride those wave but some would just stay and HODL since they think it's not worthy that much.

Setting price target should be a thing so you won't get confused if there's a pump or dump going to happen.

jossiel

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Quote from: EdenHazard on October 01, 2022, 06:13:16 PM

Selling for your short term profit needed but holding it for as long as you could are importan as well. Just do both tho.

Doing both is what I do.

And for that situation that a whales buy and the market surges and everyone will see. There will be two types of people by that time.

1. Those that will ride the surge and think that it's the best time to get on the roller coaster because it could go higher.

2. Those that will be scared at that time because it's going up and trying to avoid buying at the top.

OgNasty

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Quote from: DigitalMonk on September 03, 2022, 06:45:47 PM

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

I don’t think a 6 week move would make me do anything different. If it went above the previous high I might sell some but even then I’d probably think it was going higher. I don’t even think I would stop my dollar cost averaging. A move to $30K might excite the traders, but anyone here before the last high has already had the chance to sell at much higher levels.

EdenHazard

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Well i'm buying while it crashed to below $10k and sell half of it at $30k to hold the rest of the coins when the price nearly hit $100k or around $90k , reasonable move for me to take the 300% profit and waiting for more profit percentage while expecting an overnight market moves , it happens quite often in a bitcoin bull run.

Selling for your short term profit needed but holding it for as long as you could are importan as well. Just do both tho.

KingsDen

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Quote from: DigitalMonk on September 03, 2022, 06:45:47 PM

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

It all depends the purpose one is holding bitcoin. Someone who has bitcoin and waiting for some price movements to take profit will surely sell at $30k to $40k. Then someone who is hodling for a long term, who is targeting $70k to $90k cannot sell unless their target is met.

Then there are people who are rich enough to the extent that they don't care to sell bitcoin at any price. Yes, there are people like that who may not be able to sell their bitcoin till they die. That is bitcoin for you.
Bur personally, I won't sell at $30 but I may sell at $50 if I have some financial needs.

Silberman

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Quote from: Viscore on September 28, 2022, 06:00:16 PM

Quote from: YOSHIE on September 18, 2022, 10:29:41 AM

Quote from: DigitalMonk on September 03, 2022, 06:45:47 PM

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

That's beyond speculation & prediction, $30-40k Bitcoin users expect, but not now, maybe 1-2 years in the future, surely a lot of people will sell if what you say happens in the next six months, but speculation & prediction experts for Bitcoin in a short time don't show their clock hands in six months it can happen for Bitcoin to go up to that price point, that's illusory thinking.

I've read someone who has an accurate analysis every time there is a change to Bitcoin, I always follow what he says, for now it's precise and accurate, he says Bitcoin will end this year and enter 2023, down beyond the forecast that has been circulating in the media and the internet, so I believe Bitcoin for the next six months is no illusion, optimistic to buy not to sell.

You're right mate, seeing bitcoin with its new ATH after six months might be hard to turned in reality since the market is more bearish at the moment and i guess the price downtrend might even become worser months from now. So this is more of an opportunity to buy than to sell, and i will only sell my bitcoin if the market is certainly bullish, and not on a bull trap.

People need to understand that the market is not going to respond to our wishes, I think the great majority of the market participants would like for the price of bitcoin to increase as soon as possible, but the conditions are not really conductive for such growth, so we need to think about what to do? And without a doubt the best move we can do right now is to buy bitcoin, now if for some reason you do not have the cash available to do it then in my opinion just holding your coins is a good enough move.

Franctoshi

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This will be good for Bitcoin and cryptocurrency market entirely , because it means a strong 6 months trend line resistance is now broken and more attention will be on Bitcoin which could drive the market higher, Therefore, in this case there is no reason for me to panic sell my Bitcoin , because already I'm looking at when Bitcoin established a new all time highs (ATH), maybe 100k I could sell to take some profits (25%) of my portfolio and either wait for a pull back to buy more or ride the remaining 75% and gradually taking profits untill the market top for BTC.

btc_angela

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Quote from: South Park on September 29, 2022, 05:18:39 PM

Quote from: Finestream on September 29, 2022, 02:52:29 PM

Quote from: philipma1957 on September 03, 2022, 06:56:38 PM

Interesting question. I do not plan on selling any BTC until we get past 70K.

Not set in stone but a goal of mine.

I DO NOT NEED TO SELL btc at 30k so I would surely hold what I have.

$30k to $40k bitcoin price is not a good time to accumulate more bitcoin, and not a perfect time to sell either. I will only sell if it reaches more than $50k, and I think it may take a year or two before it will finally happen, so most likely long term hodling is the best option. However, others may quickly sell at this current price and it’s not a wrong move actually as long as they won’t sell at a loss. It’s their coins so they have all the right to sell.

Depending on how the market behaves the optimal strategy we need to implement needs to change accordingly, right now the best strategy we can implement is to buy the dip and do some DCA in the process, but if we do not have cash to spare then holding is the second best option we have, while the worst strategy by far is to sell our coins, as it is unlikely that anyone that bought their coins recently can sell their coins and still obtain profits.

I guess the optimal strategy is to do DCA because it's one of the best plan specially when you are buying in the dip. Obviously, we can only execute it if we have the cash at hand, and with how the world is turning right now, majority of us might have difficulty just saying. Nevertheless, it's not to late to invest in crypto market right now, bitcoin and the rest of the altcoins are very cheap and it doesn't take a rocket scientist to know that this is the best time to buy.

Shasha80

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Quote from: Russlenat on September 29, 2022, 04:40:09 PM

Quote from: Pierre 2 on September 18, 2022, 03:31:39 PM

I think many people would be already buying when it hits above 25000 dollars and above 30000 dollars it would already hit news.
Honestly I wouldn't buy huge amount of Bitcoin yet I think we are still at too early phase for next halving. Although breaking limits can be convincing to at least buy some for quick gains. Like going up from 22000 to 25000. It would be worth. But I tend to hodl. I prefer long term big gains.

There are still people who will grab the chance to sell before the price drops quickly, and i think there’s nothing wrong with that as long as they will sell for profits and buy back again when there is sudden price drops. However, for me I don’t see it tempting to sell as I need higher price for bigger gains, and probably the best thing to do is to hold more of my bitcoin and buy some more if every there is sudden price decline.

It's not wrong if it turns out that Bitcoin's price goes up to $30k, then we decide to sell Bitcoin to make a profit. Because our goal is to invest in Bitcoin
to make a profit, but everyone has a different selling target and a different strategy. So surely everyone will take different steps when Bitcoin manages
to get back up to the $30k price, but since I invest in Bitcoin for the long term, what I do is buy as many Bitcoins as possible on a regular basis.
So I won't sell Bitcoin if it goes up to $30k. What I will do is buy Bitcoin again if I have extra money. Especially if we look at Bitcoin's track record
which can always generate big profits if we can invest long-term in Bitcoin. This makes me more motivated to collect as much Bitcoin as possible.
Actually, whatever decision we take doesn't matter, the most important thing is not to sell Bitcoin at a low price. Because selling Bitcoin at a low
price because of panic, it will only make us lose the opportunity to make profit from Bitcoin.

South Park

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Quote from: Finestream on September 29, 2022, 02:52:29 PM

Quote from: philipma1957 on September 03, 2022, 06:56:38 PM

Interesting question. I do not plan on selling any BTC until we get past 70K.

Not set in stone but a goal of mine.

I DO NOT NEED TO SELL btc at 30k so I would surely hold what I have.

$30k to $40k bitcoin price is not a good time to accumulate more bitcoin, and not a perfect time to sell either. I will only sell if it reaches more than $50k, and I think it may take a year or two before it will finally happen, so most likely long term hodling is the best option. However, others may quickly sell at this current price and it’s not a wrong move actually as long as they won’t sell at a loss. It’s their coins so they have all the right to sell.

Depending on how the market behaves the optimal strategy we need to implement needs to change accordingly, right now the best strategy we can implement is to buy the dip and do some DCA in the process, but if we do not have cash to spare then holding is the second best option we have, while the worst strategy by far is to sell our coins, as it is unlikely that anyone that bought their coins recently can sell their coins and still obtain profits.

Russlenat

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Quote from: Pierre 2 on September 18, 2022, 03:31:39 PM

I think many people would be already buying when it hits above 25000 dollars and above 30000 dollars it would already hit news.
Honestly I wouldn't buy huge amount of Bitcoin yet I think we are still at too early phase for next halving. Although breaking limits can be convincing to at least buy some for quick gains. Like going up from 22000 to 25000. It would be worth. But I tend to hodl. I prefer long term big gains.

There are still people who will grab the chance to sell before the price drops quickly, and i think there’s nothing wrong with that as long as they will sell for profits and buy back again when there is sudden price drops. However, for me I don’t see it tempting to sell as I need higher price for bigger gains, and probably the best thing to do is to hold more of my bitcoin and buy some more if every there is sudden price decline.

Finestream

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Quote from: philipma1957 on September 03, 2022, 06:56:38 PM

Interesting question. I do not plan on selling any BTC until we get past 70K.

Not set in stone but a goal of mine.

I DO NOT NEED TO SELL btc at 30k so I would surely hold what I have.

$30k to $40k bitcoin price is not a good time to accumulate more bitcoin, and not a perfect time to sell either. I will only sell if it reaches more than $50k, and I think it may take a year or two before it will finally happen, so most likely long term hodling is the best option. However, others may quickly sell at this current price and it’s not a wrong move actually as long as they won’t sell at a loss. It’s their coins so they have all the right to sell.

beerlover

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If we "knew" that it would start to rise, then I would definitely buy even more than I am buying right now. But the thing is, we do not know if it will rise, and to be perfectly fair to each other, all the other discussions about why it will be and why it won't be etc etc they are all speculations.

There is not a single person in the world that knows when bitcoin will start to rise, and that is why it is not an important deal at all, it is not important because we cannot make investments based on some speculations. I personally buy because I know it will be high one day, but don't know if that will be in 6 weeks or 6 months, but I am willing to wait for it.

btc78

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Quote from: philipma1957 on September 03, 2022, 06:56:38 PM

Interesting question. I do not plan on selling any BTC until we get past 70K.

Not set in stone but a goal of mine.

I DO NOT NEED TO SELL btc at 30k so I would surely hold what I have.

that capital words is strong answer and I completely supporting , why need to sell when we can keep it holding and wait for much higher value, we have seen the market having this and recovering after several months or at least years, if we are not in badly needing of funds so better to keep it all in pocket and wait for further time.

Vaculin

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Quote from: adaseb on September 03, 2022, 10:37:22 PM

$30k is not a good area because it’s actually major resistance. It’s where the last support was, tested many times and broke. If it reaches that area most likely many will sell.

However what matters is what happens after. If it slices it like butter. Similar to the old $6K support in 2019, then it’s confirmation that we hit the low and will go up from here.

Well, there's nothing wrong if someone decides to sell even for small profits, what is a big mistake is that someone sell at a loss. However, for me $30k or $40k is not tempting, so i would rather hold my bitcoin for more years and only sell it at a more profitable and convenient price. In the end, we should always decide what's best for our own investments.

Viscore

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Quote from: YOSHIE on September 18, 2022, 10:29:41 AM

Quote from: DigitalMonk on September 03, 2022, 06:45:47 PM

If an invisible Elites decides to buy $24 billion dollars worth of Bitcoin and Bitcoin price rise to $30 k or $40 k , how many people do you think will buy more Bitcoin? Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

That's beyond speculation & prediction, $30-40k Bitcoin users expect, but not now, maybe 1-2 years in the future, surely a lot of people will sell if what you say happens in the next six months, but speculation & prediction experts for Bitcoin in a short time don't show their clock hands in six months it can happen for Bitcoin to go up to that price point, that's illusory thinking.

I've read someone who has an accurate analysis every time there is a change to Bitcoin, I always follow what he says, for now it's precise and accurate, he says Bitcoin will end this year and enter 2023, down beyond the forecast that has been circulating in the media and the internet, so I believe Bitcoin for the next six months is no illusion, optimistic to buy not to sell.

You're right mate, seeing bitcoin with its new ATH after six months might be hard to turned in reality since the market is more bearish at the moment and i guess the price downtrend might even become worser months from now. So this is more of an opportunity to buy than to sell, and i will only sell my bitcoin if the market is certainly bullish, and not on a bull trap.

justdimin

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If only that's how easy things work here in crypto like you will know what will the price will be after a certain time then you can just prepare a money for buying and then sell that btc's for a guaranteed profit. You can just repeat this process until you build a good wealth. Unfortunately it's only just a dream. There is no easy money in this world but all must take a risk and see if they are lucky or not.

Quote from: Dave1 on September 27, 2022, 08:26:51 PM

And it just so happen that the bear trend could last till next year. And then we will have the halving in 2024 and the bull run till 2025. By that time, perhaps the world has recovered from the effect of Covid already and the war that it will coincide with the next bull run that bitcoin and the rest of the crypto market will undergo. So it make sense not the sell even if it rises to $30k just because a whale pushes it. Might be good to buy at the current state of the market.

We don't know if the bear's can last till next year but a lot are saying that good recoveries will came starting from next month and onwards but halving is sure to happen in 2024. There might be a positive effect after that but I don't think it can last a long time. @Bobk71 is right. It will only depend on the people's preference if they are in for short or for long term.

Topic: Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? (Read 624 times)