Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? - page 4.

Freeveto

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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 really gonna be super excited and begins to think we might have bottomed out because that price movement could be preparing us again for the next bull run.Then in terms of buying and selling Bitcoin at that time , what I do think is that some weak hands or people that got trapped in that zone, will think is time to exit the market and might be getting out of their pposition.

While for me I have already gotten some/enough sats in my holding and not gonna sell any of my BTC , may add more BTC to my portfolio, Because that rise in the price of Bitcoin will even give me more confidence to continue HODLing.

teosanru

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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 think even if the Bitcoin price surprisingly starts to increase tomorrow onwards, the growth to ATH isn't going to be very linear, you will see many drops, corrections and reversals. I think the market would work sideways for a few months before we start another bull run. But on the other hand, I feel we are going to be in a great FOMO this time when the market comes back up so weak hands should be really careful while playing the bull market whenever it comes obviously. For me personally if once bitcoin reaches 40k area I will sell for once and wait for the next big correction to buy more. 40k is the psychological barrier now and is not going to be that easy to flip.

Nrcewker

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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 will ever sell in that price.
Yes there will be some desperate people who will want to sell anyhow. But nevertheless all the hardcore Bitcoiners knows the value for which they will hold the coins for more price.
If you ask me then I will even buy more coins at that price segment, as Bitcoin’s price segment is enough to tell us what will be Bitcoin’s next target.
Let’s all hope for the best and first wait for the bear market to get over.

el kaka22

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I am sure most people will start buying when bulls return. This is the reason we are having intensive bull or intensive bear markets most commonly in bitcoin markets. It mean people do prefer more when more people buy and for selling, the same is applicable. But personally, I do DCA always. I do not mind where bitcoin market is heading but I always mind my budget and availability my preferred payment method for buying bitcoins.

Bitcoin might have bottomed already out and the current market prices below $20k levels must be a very good opportunity for both regular buyers and for those who look for dips to enter. Always do not expect whales to lead you but when we believe into bitcoin and having regular investment into bitcoins then whales will lose their power over the time.

palle11

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Quote from: hugeblack on September 04, 2022, 03:21:49 AM

Generally, given the current situation, 30k represent the same 14,000 in the past.

I believe this also. 30k appears like the strong support of between 15k and 14k in the past. This time around it was difficult to go down from playing on the top of 30k and 35k till it was beaten to current price. At this time speculating during this last quarter of the year, I think we may still approach this 30k price towards the end because of the festive season.

EarnOnVictor

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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 have vowed not to be a blind trader anymore as it always misleads me. So, I will act only based on what is currently seen on the news and in my technical chart studies. Anyone, group or situation might cause a spike or dip in the market, but the question we should be asking ourselves is, is it sustainable?

The fact that the price of BTC has reached $30-$40K does not mean that it will not continue buying or reverse, what should be the guide of every trader is their technical analysis. Doing anything other than this will amount to gambling.

hugeblack

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I sold some at those levels before we decrease to 20k levels, so if we return again, few weeks are assumed that the price will be either from 20k to 25k or 40k to 50k but 25k is the average during the next year, so ya i will sell but not exceed 10% of what I own.
Generally, given the current situation, 30k represent the same 14,000 in the past.

Poker Player

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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 way. I'm not necessarily going to sell at $70k but at that level I might consider selling a small portion to realize profits. Another milestone to sell would be to have clearly passed $100k, which I don't expect to happen until the next cycle (same as $70k). There will be a lot of people with sell orders around $100k and I expect a lot of resistance to beat that level, but once beaten, I might consider selling at, say $110k and above.

adaseb

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$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.

philipma1957

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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.

DigitalMonk

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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 ?

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