Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? - page 3.

Yaunfitda

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Quote from: adaseb on September 19, 2022, 09:35:13 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.

Just shows how stocks and crypto are correlated, but the volatility is obviously not the same, the last CPI reports pushes us down to -10%, while stocks was not that huge.

Quote from: adaseb on September 19, 2022, 09:35:13 PM

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.

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.

Fundamentals Of

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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.

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Quote from: adaseb on September 19, 2022, 09:35:13 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.

my wife and i have usa I bonds getting 9.62%

we are limited to 20k.

we will be adding more to get closer to that 20k level.

we try to be diverse

silver
real estate
doge
ltc
even a little eth
btc
i bonds
401 k all in usa short term bonds this has been brutal for years but is finally doing good.

adaseb

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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.

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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 ?

like me who is waiting for increase to sell , I think that taking the opportunity to sell for a while is my first option and decide buying again once there is another dump comes.

What I do believe is that it is a decision we must take risk when there is a certain whale that makes this pumping ,

and besides there are different types of people here , some who are risk taker and others that assurance is looking for lol.

Quote from: Silberman on September 18, 2022, 09:59:44 PM

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

This is one of those things which is impossible to predict, at most we can control our reactions to such an event but it's up to the rest of the traders and investors to do what they think it's best for them

let those who pretend to know the market release their thoughts but never ride with them or else we will lose together.

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Quote from: Eternad on September 18, 2022, 10:34:17 AM

A bull run from 20k to 30k in just 6 weeks is a clear sign of a break out. This is a good sign that the trend is already reversed because there’s already a buy pressure on the market which means this is a good sign to buy after a minor correction for that said outbreak. Every bull run cycle starts at the break out and continues until the new ATH was reach.

it is given that in 6 weeks meaning closing of October if we are taking from this point? then it is indeed seems to be a legit increase season , middle of last quarter but for me to buy again? I will pass for a while and may choose selling instead?

Quote

It’s bad to buy on the actual outbreak because you might get caught to a bull trap when the buy pressure is starting to weaken. It’s better to purchased during the minor correction during outbreaks.

well talking about bitcoin ? there is no way that we could be trapped unless you are not ready to keep Holding when there is a sudden fall.

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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 ?

This is one of those things which is impossible to predict, at most we can control our reactions to such an event but it's up to the rest of the traders and investors to do what they think it's best for them, also if such whales decided to buy so much bitcoin you can be sure they'll do it in a way that does not increase the price by that much, and only once they were at the end of their buying spree that's when we would hear about all the bitcoin they have been buying, in a clear attempt to try to encourage people to buy bitcoin at that moment.

sayaya17

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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.

As we know every time Bitcoin hits the price of $24k it always fails to go higher. If it turns out that eventually Bitcoin can rise to the price of $25k
or even touch the price of $30k, it will make FOMO happen. So there will be a lot of investors who buy Bitcoin at a price of $25k or $30k, because
Bitcoin can finally get past the resistance price that was previously difficult to pass. But I agree with you, we should not be too happy with the increase
in the price of Bitcoin to reach the price of $ 30k and then decide to buy huge amount of Bitcoin. Because there is a possibility after that the price of
Bitcoin will go down again. It's better if we want to buy Bitcoin from now on when the price is still below $20k. Then when Bitcoin suddenly rises to
the price of $30k we can sell some of it and hold some of it for the long term. But if we want to make big profits, we really have to hold Bitcoin at least
until the bull market comes.

Pierre 2

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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.

Eternad

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A bull run from 20k to 30k in just 6 weeks is a clear sign of a break out. This is a good sign that the trend is already reversed because there’s already a buy pressure on the market which means this is a good sign to buy after a minor correction for that said outbreak. Every bull run cycle starts at the break out and continues until the new ATH was reach.

It’s bad to buy on the actual outbreak because you might get caught to a bull trap when the buy pressure is starting to weaken. It’s better to purchased during the minor correction during outbreaks.

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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 ?

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.

Baofeng

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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?

There is this phenomena we called FOMO (Fear of Missing Out), so for sure when the price rises, there will be set who doesn't missed it so they ride and maybe push the price ever further.

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

Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

They could be the same person who wanted to push the price to $30k, and they could be the first one to sell as well for quick profit because we are still in the bear market. I know it doesn't sound look because it's clearly manipulation, but this is the market we live in, decentralized and so anyone with enough money can move it to the direction they want and they make a ton of money.

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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 ?

Let me educate you, op people who invest in cryptocurrency and especially a pronounce investor don't purchase cryptocurrency when the price in frequent motion of acceleration, it's when the price is immensely getting low that's when investors purchase cryptocurrency and precisely bitcoin. No investors who is inquisitive or curious to buy bitcoins when the price is going higher. And starting from the beginning people do purchase via the duration a lot of profit will manifest.

lienfaye

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If the price increase to that level ($30k - $40k) probably many investors who are just holding for short term will sell because its an opportunity for them to take profit. While those investors waiting for the market to recover might started to buy thinking it's the start for the market to turn bullish hence they dont want to missed joining the ride, these are the possible scenarios that we can expect.

Anyway, in my case I will sell a small portion of my Bitcoin, its not bad to take profit at times right? Then continue to hold until the price reach my target price.

STT

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Its a low place to sell but everything is relative and short term maybe thats a good trade. Since you are asking me so far out I will say no, likely best not to sell unless you can equally say when you will repurchase your 'lost' BTC.
Lots of people sold early over the years or what they though had been the peak and it was with great regret. Trading is fine of course, we have 25k overhead first and are not even past weekly average price.

AjithBtc

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Quote from: serjent05 on September 04, 2022, 06:00:40 PM

If the price of Bitcoin continues to rise and the announcement is made public (about elites buying bitcoin) it may bring hype and eventually a FOMO to the market. For sure FOMO triggers lots of mindless buyers to get into a buying frenzy. It is not a good thing to buy when the market is crazily hyped especially when FOMO is going on so I'll just hodl my BTC and sell it when it hits my actual price target.

Hype in the market will be same as what we saw with the Elon Musk tactics. So, making perfect calculation and execution will bring profit. Missing the right time will end up with losing. So, it is good not to fall for the FOMO. Myself too will keep hold, because we have got big years to come.

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If the price of Bitcoin continues to rise and the announcement is made public (about elites buying bitcoin) it may bring hype and eventually a FOMO to the market. For sure FOMO triggers lots of mindless buyers to get into a buying frenzy. It is not a good thing to buy when the market is crazily hyped especially when FOMO is going on so I'll just hodl my BTC and sell it when it hits my actual price target.

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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.

I feel the same. I hold bitcoins that I bought for just a few hundred USD in 2014 and 2015 and I sold only a small part when we first went to 20k then kept holding in 2018 and 19 and again sold some when we broke 30k for the first time. I sold only enough to have some fun, play around with some free cash. I still hold 90% of my coins from 2013 and I won't ever sell below 20k that's for sure.

30k is nothing special. Maybe if we went to 60 I'd spend some coins to treat my family to nice holidays or something. 100k is my lifetime goal. That's the level that would satisfy me if I were to spend it all but I probably won't do it anyway. I'll spend half and keep half of it as a store of value.

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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 ?

No one really knows on how many would be doing shorts if ever the price would be hitting up 30-40k price then it would be a personal choice whether you would sell and secure out 2x profits

or would decide to held up for longer duration since you are into holding but its up to someone personal choice since we do have different decisions when it comes to this manner.
On my case i had able to accumulate bitcoin on 19k price and im still holding and waiting up for some significant rise or even if it would raise up to 24-25k then i would definitely sell out.
Make short buys and short sells would be entirely be relevant if you are really that impatient for holding long.

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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?

looking at the price history of bitcoin and its strong supports and resistances i would say if:

- if the price of bitcoin breaks 30,000$ it will immediately break 32000$ then the price will go up because many people will continue to buy a lot and the price may be able to break the 39000$ to 41000$ and if it breaks the 41000$ then we can see a rise to 44000 - 47000$.

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

Or how many people will sell to cash quick thinking in 6 months times Bitcoin price will fall bellow $10k ?

I believe that few people would want to sell if the price of bitcoin reached 30,000$ that's because for people who know about technical analysis already know that 30,000$ if broken could make the price go up a lot, what if it goes down? It doesn't make much sense to sell at a loss right now. in order not to lose out, the best thing a person can do would be to be buying at every big price drop

what I did not understand:

why do you think that in 6 months the price will drop to 10,000$?

Topic: Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? - page 3. (Read 624 times)