Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? - page 2.

BuNga_cute

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Quote from: Falconer on September 28, 2022, 03:16:13 AM

Quote from: Davian144 on September 28, 2022, 02:01:59 AM

I still haven't thought about it that far now, other than just buying at this point when I have the ability to do so. Because it is still too far and long to be expected and also awaited by all those who believe in the growth of Bitcoin and cryptocurrencies. So I don't really think much about what will happen in 2025, because I still have to enjoy the bear's condition which is still not recovering at the moment.

Buying and accumulating assets during this bear market is one of the most recommended things if you invest. Despite the risk, bitcoin is another asset that has the potential to reach ATH in the future so it's good to consider it in your current portfolio.

You can set a target when you should sell it, but I believe that the price can still drop lower during this bearish trend. Buy at all dips if you can afford it, but of course you have to be very wise in managing your investment patterns as things may not go according to plan.

Of course I will continue to buy Bitcoin regularly even if the Bitcoin price goes up, because I will only sell my Bitcoins when Bitcoin reach
my desired target, and I think the price of $30k is still too low for me to sell Bitcoin. After all Bitcoin has proven to be very good
for long-term investments, therefore it is better in a bear market situation like now we continue to accumulate Bitcoin. Although as you said
there is a possibility of the Bitcoin price dropping even lower, but because we know Bitcoin can always recover and go back up in price,
so we don't have to worry if the Bitcoin price drops lower. What we need to do when the Bitcoin price drops, we can hold the Bitcoin we have
or if we still have extra money, we can buy more Bitcoin every time the price drops. So my advice never sell our Bitcoins at low prices,
because it will only make us regret if suddenly Bitcoin is bullish and returns to the ATH price.

Silberman

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Quote from: Falconer on September 28, 2022, 03:16:13 AM

Quote from: Davian144 on September 28, 2022, 02:01:59 AM

I still haven't thought about it that far now, other than just buying at this point when I have the ability to do so. Because it is still too far and long to be expected and also awaited by all those who believe in the growth of Bitcoin and cryptocurrencies. So I don't really think much about what will happen in 2025, because I still have to enjoy the bear's condition which is still not recovering at the moment.

Buying and accumulating assets during this bear market is one of the most recommended things if you invest. Despite the risk, bitcoin is another asset that has the potential to reach ATH in the future so it's good to consider it in your current portfolio.

You can set a target when you should sell it, but I believe that the price can still drop lower during this bearish trend. Buy at all dips if you can afford it, but of course you have to be very wise in managing your investment patterns as things may not go according to plan.

This is the right way to face the bear market, a great deal of those which come to this market do not really know what they are doing, they seem to not understand that you make profits not when you sell the asset you are holding but when you buy it, it is because of this we need to always strive the get the best possible price we can, and getting bitcoin for a sub 20k price is great, since the only thing you need to do now to multiply your money many times over is to hold for a few years.

ethereumhunter

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If bitcoin starts to rise in 6 weeks, I may sell some bitcoin to cover my bills for some months so I can focus on accumulating other bitcoins. That can help me trade and earn more bitcoin while I do not have to worry about how to pay my bills every month. But if in the short term, I can make a big profit from trading, I will not sell bitcoin at that price instead still wait for the next highest price or at least, I will sell some at $60k-$65k. I will try to act based on the current situation and not be in a hurry to decide.

Falconer

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Quote from: Davian144 on September 28, 2022, 02:01:59 AM

I still haven't thought about it that far now, other than just buying at this point when I have the ability to do so. Because it is still too far and long to be expected and also awaited by all those who believe in the growth of Bitcoin and cryptocurrencies. So I don't really think much about what will happen in 2025, because I still have to enjoy the bear's condition which is still not recovering at the moment.

Buying and accumulating assets during this bear market is one of the most recommended things if you invest. Despite the risk, bitcoin is another asset that has the potential to reach ATH in the future so it's good to consider it in your current portfolio.

You can set a target when you should sell it, but I believe that the price can still drop lower during this bearish trend. Buy at all dips if you can afford it, but of course you have to be very wise in managing your investment patterns as things may not go according to plan.

Davian144

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Quote from: Dave1 on September 27, 2022, 09:26:51 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.

I still haven't thought about it that far now, other than just buying at this point when I have the ability to do so. Because it is still too far and long to be expected and also awaited by all those who believe in the growth of Bitcoin and cryptocurrencies. So I don't really think much about what will happen in 2025, because I still have to enjoy the bear's condition which is still not recovering at the moment.

Dave1

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Quote from: BobK71 on September 24, 2022, 11:00:52 AM

It depends on the type of investors. If he is a short term trader then he will definitely want to sell and those who are long term holders will wait until cross the previous ATH. But the truth is that unless global conditions improve, the bearishness will last longer. Many people have doubts whether the price of Bitcoin will reach $30,000 this year or not. However, those who are actual holders of Bitcoin will never try to sell at the stated price.

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.

GeorgeJohn

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Quote from: DigitalMonk on September 03, 2022, 07:45:47 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 ?

their is no perfect or accurate statistics to prove the totality or the aggregate of people who will be curious to sell out their coins so that they will not venture into lose, and same thing is applicable to the aggregate of people who will think of making profit, even from my understanding, more people would like buy and hold against the up coming increment since it volume in price has slightly being bullish, it will come their minds that it will continue to accelerate more because of it's long term bearish that we experienced.

Silberman

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Quote from: Falconer on September 22, 2022, 05:05:37 PM

At least if that happens, then I make sure my current investment has turned a profit. However, I have good reason to keep my bitcoins because $69K is ATH that should be achievable again in the future. There is no desire to sell it unless there is a very urgent need.

Some time ago, inflation had forced me to sell some investments for altcoin assets. But I really believe I can still hang on to bitcoin. So if $30K can be hit in the next few months, then I'm hoping to stay on hold longer.

This is the right thing to do during the current market conditions, I know that people get worried about the price which seems unable to remain above the 20k level and I can understand those worries, but at the same time I cannot sincerely say that I share them, bitcoin is going to recover to the point a new all time high is going to be reached, we just need to be able to wait for long enough for this to happen, and those which are able to do it will enjoy massive profits while those which cannot do it will have to regret not being able to do so for the rest of their lives.

BobK71

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It depends on the type of investors. If he is a short term trader then he will definitely want to sell and those who are long term holders will wait until cross the previous ATH. But the truth is that unless global conditions improve, the bearishness will last longer. Many people have doubts whether the price of Bitcoin will reach $30,000 this year or not. However, those who are actual holders of Bitcoin will never try to sell at the stated price.

OgNasty

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I’d probably do nothing. I’d feel better off though because psychology. Maybe if we see a temporary dip that is obvious we’ve oversold, then I might buy some that I’d flip if we immediately went to $30K. More likely though I’ll do nothing and wait a couple years for new highs while I let my DCA continue to do it’s thing.

Fatunad

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Quote from: arwin100 on September 22, 2022, 05:15:48 PM

Quote from: Silberman on September 22, 2022, 04:19:41 PM

Quote from: Fundamentals Of on September 20, 2022, 04:59:19 AM

Would anybody even know?

However I am sure that many of those who wanted to buy Bitcoin cheap wouldn't buy even at the current price. When Bitcoin reached $69,000, I am sure that a lot of people thought they came late. Many of them regretted those times when Bitcoin was $20,000 and they failed to buy. But now that the price has fallen all the way to $19,000, many wouldn't still buy because they're afraid it could fall even more. So to your question, it is possible that the buying of those who are fearful would be in the $30,000 to $40,000 range.

Those people which always want to buy at the best possible price are ironically the ones that get the worst price possible, they wait for the bottom to appear but once it does they are afraid of buying as they keep thinking about the possibility of the price of bitcoin going lower, so what do they do? They buy bitcoin once they are sure there is a positive trend, but once you can be sure of such thing most of the positive moment is already gone and you are buying your coins dangerously close to the ATH.

Normally this is how newbie people reacts towards certain actions happened on the market since they don't know nor have an idea if they going to have best position to buy or it will go more deeper. That's why they need to be more observant to each movement since this could being them good help once they want to know something valuable in future if certain the same condition happening again for another try on their trades.

Even veterans do really have always that common question on mind on whats the possible bottom.How much more into those newbies who doesnt have much experience towards the market?
This is why every action or step should be made will really be accompanying or needed up that kind of analysis which for a certain investor or trader to have.
There's no assurance about those tips and hints about price increase on particular times yet its never been accurate and just purely a guess.

Johnyz

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Quote from: Fundamentals Of on September 20, 2022, 04:59:19 AM

Would anybody even know?

However I am sure that many of those who wanted to buy Bitcoin cheap wouldn't buy even at the current price. When Bitcoin reached $69,000, I am sure that a lot of people thought they came late. Many of them regretted those times when Bitcoin was $20,000 and they failed to buy. But now that the price has fallen all the way to $19,000, many wouldn't still buy because they're afraid it could fall even more. So to your question, it is possible that the buying of those who are fearful would be in the $30,000 to $40,000 range.

Probably they will still buy at that price level, many will start to buy because they have more confidence now that the market will continue to rise and be better. Personally, I don’t want to catch up the market late so as early as now I’m buying small with Bitcoin because I know good days will come and its better that you are prepared for that time.

arwin100

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Quote from: Silberman on September 22, 2022, 04:19:41 PM

Quote from: Fundamentals Of on September 20, 2022, 04:59:19 AM

Would anybody even know?

However I am sure that many of those who wanted to buy Bitcoin cheap wouldn't buy even at the current price. When Bitcoin reached $69,000, I am sure that a lot of people thought they came late. Many of them regretted those times when Bitcoin was $20,000 and they failed to buy. But now that the price has fallen all the way to $19,000, many wouldn't still buy because they're afraid it could fall even more. So to your question, it is possible that the buying of those who are fearful would be in the $30,000 to $40,000 range.

Those people which always want to buy at the best possible price are ironically the ones that get the worst price possible, they wait for the bottom to appear but once it does they are afraid of buying as they keep thinking about the possibility of the price of bitcoin going lower, so what do they do? They buy bitcoin once they are sure there is a positive trend, but once you can be sure of such thing most of the positive moment is already gone and you are buying your coins dangerously close to the ATH.

Normally this is how newbie people reacts towards certain actions happened on the market since they don't know nor have an idea if they going to have best position to buy or it will go more deeper. That's why they need to be more observant to each movement since this could being them good help once they want to know something valuable in future if certain the same condition happening again for another try on their trades.

Falconer

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At least if that happens, then I make sure my current investment has turned a profit. However, I have good reason to keep my bitcoins because $69K is ATH that should be achievable again in the future. There is no desire to sell it unless there is a very urgent need.

Some time ago, inflation had forced me to sell some investments for altcoin assets. But I really believe I can still hang on to bitcoin. So if $30K can be hit in the next few months, then I'm hoping to stay on hold longer.

Silberman

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Quote from: Fundamentals Of on September 20, 2022, 04:59:19 AM

Would anybody even know?

However I am sure that many of those who wanted to buy Bitcoin cheap wouldn't buy even at the current price. When Bitcoin reached $69,000, I am sure that a lot of people thought they came late. Many of them regretted those times when Bitcoin was $20,000 and they failed to buy. But now that the price has fallen all the way to $19,000, many wouldn't still buy because they're afraid it could fall even more. So to your question, it is possible that the buying of those who are fearful would be in the $30,000 to $40,000 range.

Those people which always want to buy at the best possible price are ironically the ones that get the worst price possible, they wait for the bottom to appear but once it does they are afraid of buying as they keep thinking about the possibility of the price of bitcoin going lower, so what do they do? They buy bitcoin once they are sure there is a positive trend, but once you can be sure of such thing most of the positive moment is already gone and you are buying your coins dangerously close to the ATH.

laurenB7742

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Quote from: adaseb on September 19, 2022, 10:35:13 PM

Bond yields are hitting new highs. Stocks and crypto all look weak and like they will break their lows if the fed hikes 1% on Wednesday.

Honestly you need to be nervous when yields are hitting new highs. Usually the bond traders know something we don’t. Most likely tomorrow will be chop and Wednesday will be crazy volatile.

CPI did not fall as expected and Fed rate hike is inevitable, but 1% increase is very high. If this happens, not only will the stock and crypto markets be hit hard, but the world economy will likely enter a recession. The previous forecast was for an increase of 0.5% for September but it looks like there will be a correction and many predictions I've read through are 0.75% will happen, not 1%.
Bitcoin's drop to $18k6 on the 19th could be due to the impact of interest rate predictions, which could see the market reacting first. If interest rates were 0.75%, I don't think the market would be more volatile.

Scripture

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Quote from: DigitalMonk on September 03, 2022, 07:45:47 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 ?

Hard to predict the future trend but usually if Bitcoin started to rise again and there’s another hype, the price can even go beyond $30k, so it’s still safe to buy at that time but why wait where you can buy now at a cheaper price?
Buy now and if the price goes deeper below $10k, then buy more. It may look risky buy in the long run you wont regret doing that because Bitcoin will always rise, It’s just a matter of time before we see that.

livingfree

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1 or 2 more halving and that's where I'd be selling some of my bags. If it's 1 more halving then that's around 2 years from now and I'll be waiting until bitcoin manages to reach some certain high by that time.

$30k - $40k is a good price if it's already the bottom and that's like guaranteed and a good price for most of us that has accumulated earlier. Well, still it's a good strategy to DCA no matter what the price is.

You'll never notice that you've gained a lot from such when the market is in fall.

lixer

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Quote from: DigitalMonk on September 03, 2022, 07:45:47 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 ?

Invisible elites huh? Maybe you mean to say whales because they are sometimes responsible for the ups and downs in this market and they try to make their identity anonymous as much as possible because what they are doing is also kinda annoying and many people are going to hunt them in case they show up their identities. If btc rise on those price mentioned in the first post then I think not so many people are going to buy but those who only buy are people who once panic when the price are dumping.

An increase in the price is their comfort zone to accumulate coins while for the rest, we will like be selling some and continue hodling the rest of our coins.

_BlackStar

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Quote from: Yaunfitda on September 20, 2022, 06:27:07 AM

I guess everyone should be nervous, but needs to settle down specially if you are a crypto investor. We are in a bear market so expect the worst, even if there will be huge dump again this coming Wednesday. So just be prepared to re-invest.

Not everyone can rest easy when the price corrects beyond the limits of one's ability to lose. I'm not sure how many people would have survived had they actually invested at $69K last year, but I believe the number of holders for such a high purchase price is very low.

Re-investing is also good to apply as an investment strategy when the market is in a bearish state. But of course the investor must really have a reserve fund to do so. After all, the DCA we've been talking about should also be very useful in this situation.

Topic: Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? - page 2. (Read 559 times)