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Topic: Traffic will jam if bitcoin pumps (Read 276 times)

hero member
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March 15, 2023, 12:27:34 PM
#33
Yes exactly those who wait for the best achieve best and those who do not think with active minds and want to earn quickly will definitely looser. Large number of crypto users are guaranteed to get profit with the investment in Bitcoin, now people are getting involved in crypto more than other job because bitcoin will give you more money as a result of any other job. But for success it is quite important to make a sense about time of selling as well as buying and make appropriate decisions. If you get feared with crypto lower price and do not wait more for the betterment of worth then its your fault and it will lead to your loss.
hero member
Activity: 2114
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March 15, 2023, 11:33:44 AM
#32
When bitcoin pumps it’s time hold your assets tight and never let them go away. Basically it depends on your position in the market. If you are already in profit and well above average point then no need to sell. If you want make profits and buy again then that could be done quickly with decentralised exchanges or p2p transfers. I’m stressing on holding because it’s long term profit that’s gonna make big difference. Once sold its sold for that particular price. However, in the opposite case when one keep buying then they are securing the average price per bitcoin thus making it far more profitable.

So no question of pump and traffic jam or whatever you call it. Wink
legendary
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March 07, 2023, 10:18:40 AM
#31
I just saw this thread and also makes me wonder why does the title is too far from the content of the post.
The OP has been banned, so anything suggested for him is only likely to become useful if he actually still reads it.

I strongly disagree to judge people who just sold their bitcoin, For sure they have their own reasons why they sold it and has the freedom to sell it. It's their own freewill and for sure there are regrets to themselves too.
Bitcoin has real use cases as means of payment, so not everyone is going to hold on their bitcoin as a long-term investment because some of them spend it on buying things. So of course it's true, sell now or later, spend now or never is the full right for whoever they are, your bitcoin is your bank.
legendary
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March 07, 2023, 10:10:10 AM
#30
Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life

I've seen and heard of people who waited patiently for a long time but did not reap the benefits. They exited the market just as the market was about to experience a pump because their patient limit had been reached. This is still due to a lack of knowledge about the bitcoin market. The content of your post makes sense but it differs from the title of the post.
I just saw this thread and also makes me wonder why does the title is too far from the content of the post.

The real holders are the one who are really taking the benefits of what they are doing. They won't budge on a single pump as they are committed on holding the bitcoin they have. Those who are selling are just short term traders or the one who just need to make profits from it. Those type of people doesn't assume that they can make a big profit from it knowing that they are just selling it short term for profits. This doesn't mean that they have no strong foundation or knowledge about bitcoin market. I strongly disagree to judge people who just sold their bitcoin, For sure they have their own reasons why they sold it and has the freedom to sell it. It's their own freewill and for sure there are regrets to themselves too.
hero member
Activity: 994
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March 07, 2023, 09:07:10 AM
#29
Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life

I've seen and heard of people who waited patiently for a long time but did not reap the benefits. They exited the market just as the market was about to experience a pump because their patient limit had been reached. This is still due to a lack of knowledge about the bitcoin market. The content of your post makes sense but it differs from the title of the post.
hero member
Activity: 1148
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March 07, 2023, 05:34:40 AM
#28
I'm also not sure if there are really people who have kept their bitcoins from 2011 and haven't sold them at all, if there are maybe the comparison is very far.
because people will find it difficult to hold back if they make a profit and will immediately sell it.
Due to market innovation and the emergence of new projects, there have been several changes between 2011 and the present. No one is prepared to lose the earnings they have accrued over many years, given the state of the market. But, I am aware of traders that are proficient market scalpers and who do it using amazing news and signals. As the goal is to create a bull upswing to $100k, there is a need for retracement even though the current movement of bitcoin is rather negative. Market volatility makes it unpredictable, yet traders are still generating good money during bull and bear markets; all we need to do is adjust to the winning trading tactics.
sr. member
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March 05, 2023, 12:51:39 PM
#27
I'm also not sure if there are really people who have kept their bitcoins from 2011 and haven't sold them at all, if there are maybe the comparison is very far.
because people will find it difficult to hold back if they make a profit and will immediately sell it.
legendary
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February 25, 2023, 10:54:03 AM
#26
Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life
He might not be good in English grammar but his words are somewhat connected and understandable. I wonder why people say his title does not match the body.
The title says "Traffic will jam if bitcoin pumps". This means that there will be many inflow of people into bitcoin ecosystem when bull run starts. And this was exactly what he explained in the body of the thread.
legendary
Activity: 2716
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February 25, 2023, 09:45:16 AM
#25
Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money.
This is nothing new. We've seen it happen over and over again. It's the fear of missing out of what they think it's obtainable that makes such move pronounced and it baffles me why anyone would wait until price starts rising to chase it. It happened in 2017, repeated itself in 2021 and will also do same in 2025. It's such a situation that will continue to give us the needed ATH. Don't forget that it was because of such FOMO that Bitcoin got chased to $68k+ in the last bull rally. We will definitely see another chase. The moment is building up already.

Quote
People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.
No one wants to be associated with failure or anything that's stagnated. Just like the eagle, anywhere the carcass is that's where they're gathered. It's human nature to want the best.
hero member
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February 25, 2023, 08:18:45 AM
#24
OP probably wants to say that people are afraid of the price dropping to this extent and that's why they are running away and panic selling their assets, but eventually, everyone will come back and start believing in it once they see it rising again just like it did in the past.

But honestly, I don't understand what OP means by the title he has chosen for this thread. Although this is a repetitive thread, somehow, I do agree with OP on the point he is trying to make here. People get afraid of the dropping prices and start panicking selling which causes further declines, and people come running when the price shows positive movement.
People will only be determined to invest when they already see how the price moved, during 2017 we see that users of bitcoin user increases and attract traffic that causes more investors. However after many old holders sell their investments and causes the price to dump they called Bitcoin as scam and leave. Only those who research thoroughly will understand the cause and effect of the buying and selling. And we as investors should know our priorities whether we will hold longer and accumulate or just ride when the price already increases.
sr. member
Activity: 2366
Merit: 332
February 25, 2023, 01:48:38 AM
#23
People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.


In every commodity, there are people who fully believe in the product and knows the profit capacity and probably of it while there are people who just want to hang around for the little and near time profit, in trading parlance they are called scalpers. So understand it that there are weak hands and strong hands and this is also how bitcoin investment is, there are those believing in the long time and short time. It is not every investor that will stay for all the long time, there are those that will stop on the way.
sr. member
Activity: 2660
Merit: 339
February 25, 2023, 12:53:50 AM
#22
Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life
OP probably wants to say that people are afraid of the price dropping to this extent and that's why they are running away and panic selling their assets, but eventually, everyone will come back and start believing in it once they see it rising again just like it did in the past.

But honestly, I don't understand what OP means by the title he has chosen for this thread. Although this is a repetitive thread, somehow, I do agree with OP on the point he is trying to make here. People get afraid of the dropping prices and start panicking selling which causes further declines, and people come running when the price shows positive movement.
legendary
Activity: 2506
Merit: 1394
February 24, 2023, 09:13:19 PM
#21
But, then many of this people do not understand that, bear season is the best time to buy and wait for the bull season, buying  when the price is lowest and waiting to sell when the price is at its peak is better than buying when the price is already going up and hoping to sell at the peak.
(....)
And this is another reason why the price of Bitcoin is going parabolic during that time, people are doing FOMO and they just press the green button with panic. We already experienced this in previous prices of Bitcoin or previous bull markets.
I am curious if people will learn lessons that they will realize it is much better to accumulate Bitcoin during the bear season.
legendary
Activity: 1554
Merit: 1139
February 24, 2023, 05:55:53 PM
#20
Perhaps there would be a rush to invest and withdraw on the part of hodlers, this system have got just the right means to put all that in check and that's with the fees and how transactions are prioritised in that regard. If you want a quick confirmation on yours transactions, you be ready to pay the price or perhaps  send it days before you actually have need of it.

Speaking of reaping, of course there are those that hope to enjoy the fruit of there investment and so, having some portion of your portfolio cashed out as a means of taking profit isn't a bad idea. You've got to enjoy what you've laboured for but, you just ensure not to empty your portfolio, it always goes up after a while.
legendary
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February 24, 2023, 05:42:23 PM
#19
LOL, I believe it is just a normal thing, during seasons when bitcoin price is facing a very high volatility, which we normally know as bull season, many definitely come on board to take advantage of the season and make money for themselves, it is also a season when many newbies come onboard as well, all hoping to make good money for themselves.
But, then many of this people do not understand that, bear season is the best time to buy and wait for the bull season, buying  when the price is lowest and waiting to sell when the price is at its peak is better than buying when the price is already going up and hoping to sell at the peak.
hero member
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February 24, 2023, 05:33:58 PM
#18
It's true that if the market goes bullish again, there will be a lot of people that have been in here that shall come back and would like to take profit and get a chunk from it.

This isn't new because in almost every market there are traders and investors that only looks for the short term gain. Needless to say, forget about them and focus on your own goal which is to make yourself intended and prepared for the upcoming bull run.

And whatever will be the result of it, you'll be glad that you're able to get in before the pump.
sr. member
Activity: 1008
Merit: 366
February 24, 2023, 04:33:00 PM
#17
This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life
Forget about the past. What have you learn from it?
Will you miss another chance too? This bear run was an opportunity. Those who have bought the DIP and still hodling, will be rewarded in the bull run. And those early and panic sellers will be at the loss and helping those hodlers to buy at low.
It also clears out those weak from the market, only keeping the strong hands, thus making the market flow in a steady motion. so eventually we will see a jam but it will clear out soon.
legendary
Activity: 3654
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February 24, 2023, 03:46:55 PM
#16
That's a good trouble. Same issue with fees, during the bull run when the price is breaking above ATH price, that means transaction fees increase a lot as well and that causes a bit of an issue for people who would like to deposit or withdraw or simply just move money around.

However, that is a good problem to have and we can afford it most of the time because we end up with making so much profit, so when you make that much profit, paying a bit more to fees doesn't really bother you. Same with the jam, there could be a lot of people, we won't care about it because we would be busy celebrating the insane increase of the bitcoin price and how it is doing.
hero member
Activity: 2562
Merit: 586
February 24, 2023, 02:11:35 PM
#15
I read the original post two times and still can’t understand exactly what he is trying to say. From the topic I think he is talking about the blockchain confirmation times due to a huge back log and he is not wrong.

When Bitcoin and especially Ethereum are pumping the fees are crazy high. Even earlier today the gas fees were like 100 Gwei for a short while. Basically makes the network unusable however you can’t complain because at least your investment is rising.
Sorry to say this but you are wrong. He is not referring to the blockchain or traffic of the transaction but what he truly mean is that people will go back again in the market once Bitcoin pumps. Actually, the majority is still here and the ones that quit temporarily are the newbies who don't know yet if what is the potential of Bitcoin. BTC price have dropped but it does not mean that Bitcoin has no strong foundation.

A drop in the price is only temporary and normal. Many people doubt BTC in its earlier days but I wouldn't blame those people. If we are on their shoes I think we will also do the same thing or do worse than what they did. What do you expect with them @OP? Bitcoin that time was still new..
hero member
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February 24, 2023, 12:41:53 PM
#14
I guess he's saying that many people who trade and invest in bitcoin want to go back to doing it again, hoping to make a profit or money. But unfortunately, not many people can survive in difficult situations and decide to get out of crypto and not come back. People who want to go back don't know where to start but believe in bitcoin and still want to invest in it.

And if those people can't patiently wait for bitcoin to get another new ATH, they still can't make any more profits.
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