Topic: The fall from 65k to $30k was the best thing to ever happen to Bitcoin - page 5. (Read 1225 times)

Definitely, it has to happen and should expected by most especially those who have been years in the market and experienced those past bull runs.

They don't look at this perspective. What they look is asking something like this "will bitcoin recover?" "is bitcoin dEAd?". Those questions are being asked instead of looking to the buying opportunity.

Best thing?? There's a lot of people out there who lost their money, their everything risking for a better life! NOT to get rich!! Keep in mind

First of all.  My point seems to have gone over your head.

Second, I already conceded and set forth a scenario in which they are already in profits for the moment...

Thus, you seem to be wanting to argue for the mere sake of it, or you are trying to encourage trading or fucking around with all of your BTC stash or all or nothing types of gambling behaviors, which frequently have way more costs than benefits, unless you happen to be a professional in those areas.

Seems to me that there is a kind of assumption here that we are not necessarily speaking to professional traders but instead regular people.. If your audience is professional traders, that might be another story, but I am not going to assume it without a scenario (such as OP) being set up in that direction, which we do not have those kinds of facts, here.


You seem to be going on a tangent.  If you are playing around with your portfolio and trading, then that would not necessarily be the assumed "non-greedy" approach, even though understandably in a trading context there is quite a bit of logic in taking profits off of the table, but again, in a bitcoin context, we are not going to be automatically assuming that it is good to be taking profits in dollars, and there are actually quite a few presumptions contrary to that.. when your audience here are people who are looking into ways to attempt to accumulate and hold onto bitcoins..


You are full of presumptions.. too many, so it seems.


Maybe you should describe the facts a little bit better.  I set forth some hypothetical facts of selling at $40k and the current price is $37k.. so what you going to do at this point?  Do you have other facts (hypothetical or otherwise) that you would like to work with?


That is a pretty BIG assumption.  So you are going to assume that people sold at the peak?

O.k.  Let's go with that.  You sold at the peak.. let's say in the range of $60k to $63k.. not the tippity top, but pretty close.  The BTC price is now $37k, and it had gone as low as $30,066.  Have you bought any back yet?  When are you planning to buy back?  Flesh it out a bit.  Let's hear what you are talking about, serjent05.  I am granting you some already pretty favorable conditions to suggest that you sold at the top. 

Maybe you want to describe some other conditions about this person?

Do they have any other bitcoin besides the ones they sold?  What's their cashflow, other investments, view of bitcoin compared with other investments, timeline, risk tolerance?  What are there skills and abilities to plan, learn, strategize and reallocate from time to time, including are they able to use financial instruments (do you recommend that?).

In other words, unless you flesh out some of the above factors, you are making a whole hell of a lot of presumptions if you think that a person should be waiting for further bitcoin price dippenings from here.

For speculators in the market as a whole, it doesn't matter how bitcoin behaves. If he goes up, any fool will make money on it, but if he is shaken back and forth then only true speculators and experienced traders can figure out how to do it. In addition, it takes newcomers from the market who do not understand where they are and just people with "weak hands". Now the relative calm is interrupted only by the next careless statements of Elon Musk on twitter.

This is true and the previous 2017 price increase and 2018 huge drop is the strong proof of it.
Only strong hands could hold for a long time and gain so much for waiting,
We need to be cautious if we want to earn big in crypto don't let the FUD and FOMO destroy you.

Well , I guess you'll be overly insane with joy, when Bitcoin drops to $16K next year.  

Even I would prefer if BTC just shot up to $1 million per coin next week, and they call me a troll.  

In a way yes it is a big blessing in disguise for those who really want to get in cheap,  from 62k down to 30k is a really good deal for investors to take,  even though the price is a bit down but the recovery aspect is much fun when the time comes.

Well, your decision might seem right ATM to you but I sincerely hope you don't regret it a few days from now because Bitcoin isn't dumping. It's in uptrend and what we are currently witnessing is a momentary correction. For those who want to hastily sell off, they should remember that 2021 is a post Bitcoin halving year and as such should expect a bull rally till a few weeks to the end of the year.

As for the crash, and OP's position that it's the best thing happening to Bitcoin as it will afford more people the opportunity to buy the dip. Don't be deceived. It's mostly whales that will utilize that opportunity. Weak hands will always remain scared of getting in whenever there's a crash.

People were really hesitant about buying from such a high level before this big dump. But now, there is a really great opportunity to buy some. This is another good time to buy and HODL again.

It is already a winning scenario no matter what direction the price of Bitcoin goes if a person sold at a profit.  Asking for more can be called greed and many have lost more if this engulfs their thinking.  It also brings frustration that can affect a person's health.  So be satisfied if the target price in selling BTC is met, and aim for buyback, but if it does not come, then let it go and move on.

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Well, for those who sold at peak, it is the best thing to happen because they can buy back at a huge discount, but for those who missed on selling at Bitcoin's peak price, then better luck next time.

Yes, of course, if you believe that it is going to take 10 years for the BTC price to roar from $100k to $200k, then surely you are going to be very likely to sell too many coins too soon.

I do not recommend for BTC HODLers to HODL their coins forever, but I do frequently suggest to not be selling too many coins on the way up, so even if the price goes up way beyond your expectations, continue to hold onto a certain quantity of BTC.

Sure, people get scared to lose their value.. so it is quite difficult to suggest holding for another 4 years once the bear market comes (whether it is coming now or if it comes in the near future).  

Of course, part of the reason that it becomes way easier for longer term BTC HODLers to continue to hold their bitcoin is because they have either already taken out a decent amount of profits along the way, or their BTC holdings are so great on paper that it may not cause them panic even if the BTC price drops 50% or even 85%, even though surely anyone is still likely be somewhat bothered by really great price drops, even if they have 1,000 BTC, for example... and maybe their personal goal was ONLY to have a few million dollars in value, but then their BTC value becomes 100s of times greater than their highest of goals.

The regular Joe Blow who is starting now or who has only started recently may need to go through a few price cycles before his/her profits are great enough to allow for high levels of detachment from volatile prices, and even with that there are no guarantees of getting to that level of detachment either - even though bitcoin  continues to have a lot of upside potential, it surely is not guaranteed that its trajectory is going to continue upwardly, even if there are a lot of BTC price prediction models that support high probabilities of ongoing upwards price movements.


It is not win win if they bought 2 bitcoin at $10k (so $20k) and then they sold at $40k because they panicked ($80k -$20k = $60k profits), but then the BTC price goes to $300k and they do not buy back in and they keep waiting for a correction below $35k in order that they can buy back in at a profit and that does not happen..

Sure there are other scenarios too, in which there is way too much selling too soon and a failure/refusal to recognize the value of bitcoin and therefore, no win, win had happened, even if at the moment it might feel like a win, win.


Who cares what others believe about the price direction?  The main thing for you, on a personal level, should be whether you are adequately prepared both psychologically and financially for any price direction and variations between, whether up, down or sideways.

What have you done to prepare yourself for any of those directions?  And, have you planned out on a timeline that is for you and accounts for your various other individual factors?

Do you think bitcoin will ever recover and return to $65K or even above? How many of you believe that the current bearish trend is temporary and the bullish run towards $100K will start sooner rather than later?

I really like thinking like you, and thinking in a different way than most people where they only think about losing and selling.
if everyone thinks like this I think everything will be fine because with this decline they should consider it a blessing because they can get a big discount and of course moments like this should be used by increasing existing assets instead of selling some for fear of being harmed.
keep thinking positive because in the end everything will be fine because after this decline there will be an increase and I still believe that

Well some people don't see it that way especially when all their accumulated profit will disappear into tin air, buy those who already understand how the market works will be take advantage of this dip and fill their bags as much as they can. It is a win win situation if you understand it.

Yes, the urge of that thought "I wish I had bought more bitcoins when the time was right" is also unstoppable. This is the one chance no one should miss. I have myself made mistakes of selling bitcoin too quickly whenever there was upward movement for the bitcoin. I always thought that it was the ATH and no more! But I was wrong all the time and BTC kept rising to unbelievable prices. I still remember I know bitcoin from 500-1000 USD rate, I regret it. But now I understand that it is the same thing 10 years from now, where BTC supply is almost may be 95% in circulation and the prices roars to 100-200K! I wont be surprised at all after seeing that.

Although several fines and spreading everywhere, Bitcoin will still be taken from many countries,services and development is still underway. It should be what's going on and bright for Bitcoin in the future.Even though many FUDs spreading and dump everywhere Bitcoin is still going to be adopted from many countries,service and the development is still run. This is what should be and the future is bright for Bitcoin.

I've said this a couple of times already, market manipulations only somewhat affects the Bitcoin price for the short period, the thing is just that, quite a lot of people who buy Bitcoin do not really understand too much about it, neither have they dug deep into it's history and how the price moves. Manipulations like that perpetrated by Elon is only ephemeral, but 'weak hands' and users with low knowledge are moved by it and sell out of FUD/panic.

Attempts to keep the price of Bitcoin down fails in the long period cause such people/institutions can't control the network, thus when their manipulations wane and the price starts appreciating yet again, it's becomes productive for individuals/corporations who held on to their coins; people who really understand the Bitcoin network wouldn't think about selling yet, at this time.

While this might be true it doesn't relate to every supposedly short term investors. Some times the market situations can make you change your plans, you could take some profits as a long-term investor if the market creates the opportunity and the wise short-term investors should know that they will only loss their money if the sell in the dip hence HODLing for a longer time should be the option. I have played both situations and I know many other investors most have too.

From the bad session, there must be some good, so we must be able to understand that each one wants a different perspective in assessing and the pros and cons will be two choices of buying or selling, that is what is often associated with bitcoin, which is currently still being said in terms of the badness of FUD.
I'm also not a good HOLD but I do what I need including buying now and selling briefly, that's what I'm looking for, therefore some people will doubt whether the decline will be bad or vice versa, with what I pay attention to bitcoin can only afford 40k for now.

Everything has it's own pros and cons and it's just our perspective and priority towards it.
Bitcoin price going down might be earth shattering news for some while the same is also a buying opportunity for the other.
For me it doesn't matter really. True bitcoiners will HODL it and care less about the current price.
I am not a "Never sell" kind of person but I do use my coins whenever I am in need it of it.