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.

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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.

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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.

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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.

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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.

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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.

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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.

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Quote from: Falconer on September 28, 2022, 02:16:13 AM

Quote from: Davian144 on September 28, 2022, 01:01:59 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, 02:16:13 AM

Quote from: Davian144 on September 28, 2022, 01:01:59 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.

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Quote from: Davian144 on September 28, 2022, 01:01:59 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, 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.

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, 10:00:52 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, 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 ?

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.

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Quote from: Falconer on September 22, 2022, 04:05:37 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.

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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.

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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, 04:15:48 PM

Quote from: Silberman on September 22, 2022, 03:19:41 PM

Quote from: Fundamentals Of on September 20, 2022, 03:59:19 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, 03:59:19 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, 03:19:41 PM

Quote from: Fundamentals Of on September 20, 2022, 03:59:19 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, 03:59:19 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.

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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.

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.

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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 ?

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, 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 ?

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.

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Quote from: Yaunfitda on September 20, 2022, 05:27:07 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.

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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.

YOSHIE

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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.

serjent05

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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.

Slow death

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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$?

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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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In my case, I will continue to accumulate, rain or shine.

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 ?

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