Bitcoin analyst sees $66K 'local bottom' as BTC price liquidates $200M
source: https://cointelegraph.com/news/btc-price-liquidates-200m-bitcoin-risks-66k-pullback
and analysts are already making their predictions
Topic: Were you close to throwing in the towel on bitcoin? - page 2. (Read 832 times)
I remember a few years ago when the price broke $20,000 it kept going up to $69,000 but then it dropped to $15,000, so I learned a lesson from that, and the lesson was that whenever the price goes up a lot after a halving and there is some sign of a drop I should sell everything and wait for it to drop a lot and hit the bottom so I can buy again and hold for years. I know there are a lot of risks in this but I feel comfortable using this strategy. That's why I don't see selling as throwing in the towel. I always think that we have to know the right time to buy and the right time to sell.
source: https://cointelegraph.com/news/btc-price-liquidates-200m-bitcoin-risks-66k-pullback
and analysts are already making their predictions
source: https://cointelegraph.com/news/btc-price-liquidates-200m-bitcoin-risks-66k-pullback
and analysts are already making their predictions
I almost sold out a few times myself, but sticking with DCA paid off. Glad to see the breakout now.
I dont think selling should be considered equal to throwing in the towel. The later is more in lines of quitting - I will not take part in bitcoin ever again - type of thinking. Selling is an important part of the cycle, something that many stubborn users will never get in their heads. You can sell when you are in profit depending on your need for money, which is why you invested in bitcoin in the first place, to make money - the truth.Now if you are not selling, that is also fine.
But completely stopping bitcoin accumulation over a few years would be something like throwing in the towel. That has never happened with me.
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I don't think it is wise to go all-in 100% into crypto, but it is a beneficial medium for exchange and store of value.
I agree with you on this too. It's not safer to cast all eggs in one basket, even on what's considered the safest thing. There is still a need to consider diversifying into other things.It does not only reduce the risk of losing it all, but it also creates a chance of benefit from other things in different seasons, especially if the reason for buying is for investment purposes and not just for holding sake.
Diversification is suitable for people with significant capital and can help us minimize risk but we will not achieve maximum profit. Meanwhile, if we have a small amount of money and put all our eggs in one basket, we will face more risks. But in return, it will help us to achieve maximum profit, bitcoin is considered as the best profitable investment so if we invest all in it, our profit will be much better than diversification.
I'm not giving advice but obviously there are pros and cons to diversifying or putting all your eggs in one basket, and it will depend on personal taste.
No. Not even once.
Of course all my initial investment and massive profits have been taken off the table and I'm letting "house" money ride. 😎
BTC has literally been life changing. There's no way I would sell off and no longer be a part of it. 😁
Of course all my initial investment and massive profits have been taken off the table and I'm letting "house" money ride. 😎
BTC has literally been life changing. There's no way I would sell off and no longer be a part of it. 😁
It was pretty exhausting for real, but recent break out have been such a fresh air, but if somehow BTC is doing sideways again just at higher price level, then it'd be the most exhausting bullrun ever and honestly
I start to smell such thing to play out, if somehow this retracement didn't get fast recovery after this weekend.
but as someone that also been holding BTC for quite sometime, any amount of waiting won't make me sell it.
I start to smell such thing to play out, if somehow this retracement didn't get fast recovery after this weekend.
but as someone that also been holding BTC for quite sometime, any amount of waiting won't make me sell it.
I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses. This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.
Definitely this bitcoin forum is the best place to get valid information about bitcoin. If anyone wants to get a better idea about Bitcoin, I would always suggest him to stick to Bitcoin Forums. Other Social news feed is really full of garbage because most of the news feed publish nonsense information from which investing or trading with information cannot be successful. I've looked through the newsfeeds of a few media outlets and I can't find anything consistent with their predictions. Many new less experienced people may trade or invest by trusting such news feeds and if one makes such mistakes they will not find success. So I would always recommend to stick to Bitcoin forum as Bitcoin forum can give you right idea for proper information.And what I appreciate is that this forum is filled with great people and they provide the best information by doing good research and also sharing very good experiences so that many people trust this forum more than news or information elsewhere, and can also learn from their experiences that can motivate many people.
Those who are out there and spread information or predictions only for personal interests or some parties that are not necessarily true and beneficial to many people, then I also trust this forum more than out there. And besides that, there are many benefits besides very good information and also very useful knowledge for me that allows me to develop, which I might not be able to get out there.
I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses. This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.
Definitely this bitcoin forum is the best place to get valid information about bitcoin. If anyone wants to get a better idea about Bitcoin, I would always suggest him to stick to Bitcoin Forums. Other Social news feed is really full of garbage because most of the news feed publish nonsense information from which investing or trading with information cannot be successful. I've looked through the newsfeeds of a few media outlets and I can't find anything consistent with their predictions. Many new less experienced people may trade or invest by trusting such news feeds and if one makes such mistakes they will not find success. So I would always recommend to stick to Bitcoin forum as Bitcoin forum can give you right idea for proper information.and able to learn along the way. As for the question of being too close on throwing up the towel on investing on Bitcoin then there are really times or moments that you do have those kind of doubts specially when the market is really that extremely bleeding or something that you do have those thoughts that it might be going into those previous prices back into those previous cycles. There are some who do able to hold up and there are those people who do able to panic sell because they cant be able to handle up their emotions on which on the moment that the market do make out some recovery then this is where regrets do happen.
It is really that important that you do know on how to make sensible actions basing up into your investment whether it could make out some benefits or would really be able to have effects.
So it will be better that you should really that invest on the money that you can afford to lose.
I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses. This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.
Definitely this bitcoin forum is the best place to get valid information about bitcoin. If anyone wants to get a better idea about Bitcoin, I would always suggest him to stick to Bitcoin Forums. Other Social news feed is really full of garbage because most of the news feed publish nonsense information from which investing or trading with information cannot be successful. I've looked through the newsfeeds of a few media outlets and I can't find anything consistent with their predictions. Many new less experienced people may trade or invest by trusting such news feeds and if one makes such mistakes they will not find success. So I would always recommend to stick to Bitcoin forum as Bitcoin forum can give you right idea for proper information. 
The long stretches of sideways choppiness seems like it may finally be coming to an end for now and we are seeing a real breakout. The large up and down swings, neverending choppiness and constant FUD can get to you and many were shaken out. I have to admit I was shaken out a few times when I first started buying bitcoin in 2018, but became much better at DCAing and hodling with experience. About half of my portfolio is now in bitcoin, the other half in stock market.
But I did get to the point where I thought if it doesn't make a breakout by end of October or sooner I would start selling, at least some of it. Well I am glad I didn't because I think we may be out of the woods and finally start to see the rewards. Longer periods of consolidation usually translates into greater upside. No pain, no gain! Can't wait for bitcoin options to start trading next year.
I am being very honest when I say this, but that thought never crossed my mind even once, and this is not because I have an iron will or anything like that, it is just I took a look at bitcoin and at the economy and I cannot really conceive a scenario in which bitcoin does not succeed, and when the crash happened after the 2017 bull run and the price went all the way to 3k and even then I still did not felt any urge to sell, I knew that I could be a long term holder. But I did get to the point where I thought if it doesn't make a breakout by end of October or sooner I would start selling, at least some of it. Well I am glad I didn't because I think we may be out of the woods and finally start to see the rewards. Longer periods of consolidation usually translates into greater upside. No pain, no gain! Can't wait for bitcoin options to start trading next year.
I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses. This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.
They don't always have the best advice because they don't do any research but give advice based on emotions. There was one that I was observing and his reaction aren't always accurate yet he had lots of people still following his videos and commenting on his videos. What I think happens is that some people follow people that give them some hopes and they don't care if what they're saying are true or not but just what to stay positive by being lied to.
When the market is dumping, you don't have to lie that it isn't and this is a shake off to scared weak hands when it isn't true. There are times when there are shake off but not always because the market is dumping after a pump. I can't give up on Bitcoin when Bitcoin is my only hope right now because there's an economical crisis in my country and not many good job available again.
I think if you have only half of your investment in bitcoin, you are not a true bitcoiner.
This not true, a bitcoiner should decide for themselves how much BTC they want to buy and how many percent of their overall investment they want to put in BTC. In my personal opinion, it is not even recommended for BTC to make up all of your investment, you should diversify, i don't mean buying altcoins, i mean buying things like real estate and other investments that are not other cryptocurrencies. 
People get bored and tired due to the long waiting period, but you should not give up. I do not think I was about to give up regarding Bitcoin because I have a strong belief that the goal will be achieved in the end, even if it takes a long time.
For those who hold Bitcoin for the long term, the best thing for them is to look at the rising and falling indicators because these indicators can burn the nerves, so it is better to stay away and relax while they wait for their goals to be achieved. Because those who rush and give up will regret it in the end.
For those who hold Bitcoin for the long term, the best thing for them is to look at the rising and falling indicators because these indicators can burn the nerves, so it is better to stay away and relax while they wait for their goals to be achieved. Because those who rush and give up will regret it in the end.
I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses. This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.
Bitcointalk is a very useful and helpful resource. It has never occurred to me to give up on Bitcoin. I have come too far now to quit. Bitcoin gave me financial freedom and the privilege to do some good to humanity, I don't think I will ever throw in the towel. If it is going to go to the moon, want to see the end of it. If it is going to crash to zero, I still want to see it. I'm here baby and ain't going nowhere.Before I became a member here I never had any intention of investing in bitcoin rather the plan was to be doing my normal trading and getting funds to take care of some responsibilities but locating the Bitcointalk forum changed everything about the way I see bitcoin and her investors and the information that comes in here on daily basis has been a good piller to my investment life and I don't think I'm interested in giving up even though the price of Bitcoin falls back to zero. Based on what has happened in the past to the earlier adopters of bitcoin I wouldn't mind if the price falls back to $1 because at least I will have the opportunity to buy for my self my children and the next generation to come in my family. Bitcoin is liberty and Bitcointalk is the information gateway for all bitcoin investors.
I don't think it is wise to go all-in 100% into crypto, but it is a beneficial medium for exchange and store of value.
I agree with you on this too. It's not safer to cast all eggs in one basket, even on what's considered the safest thing. There is still a need to consider diversifying into other things.It does not only reduce the risk of losing it all, but it also creates a chance of benefit from other things in different seasons, especially if the reason for buying is for investment purposes and not just for holding sake.
I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses. This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.
Bitcointalk is a very useful and helpful resource. It has never occurred to me to give up on Bitcoin. I have come too far now to quit. Bitcoin gave me financial freedom and the privilege to do some good to humanity, I don't think I will ever throw in the towel. If it is going to go to the moon, want to see the end of it. If it is going to crash to zero, I still want to see it. I'm here baby and ain't going nowhere. 
Some just can't bear their mind on the fact that they are - loosing - money.
If they did dig a bit deeper they would know that that's not the case with BTC. It will eventually bounce back and break its ATH.
Whereas if they remain confident in their choices and do not waver when they are in the middle of the road, of course this can actually be minimized, it's just that because of the focus on value and increase and not paying attention to the risks and the worst possibilities that occur, they cannot control themselves so as not to panic too much in unfavorable conditions, especially when bitcoin has decreased.
Although in the end all must have felt this where their worries look bigger but on the other hand we must be aware and remain confident in the initial decision that our choice is right, and that can be done when we continue to learn about bitcoin so that we can be absolutely sure that bitcoin will be profitable especially as a long-term investment.
The thing that keeps me vested is knowing the technical fundamentals of bitcoin are still as sound, and stronger than ever. That helps me fight the FUD.
The hashrate keeps going up and making new all time highs, which means the price will naturally follow. To me that's all I need to know.
Bitcoin is still the most powerful and most secure computer network in the world by far, and more importantly is the most decentralized network in the world,
so there can be no single point of failure. Bitcoin was made to do only one or two things, but it does them incredibly well.
When you start adding a bunch of new features and parts to something, you just introduce more ways for it to fail and compromise security.
Then what you are left with is just another crappy useless altcoin. All bitcoin has to do is keep being a tremendously secure store of value,
that can be delivered anywhere in the world in an instant. Just as Satoshi always intended...Keep it Simple Stupid! The beauty of its simplicity is what makes it revolutionary.
The hashrate keeps going up and making new all time highs, which means the price will naturally follow. To me that's all I need to know.
Bitcoin is still the most powerful and most secure computer network in the world by far, and more importantly is the most decentralized network in the world,
so there can be no single point of failure. Bitcoin was made to do only one or two things, but it does them incredibly well.
When you start adding a bunch of new features and parts to something, you just introduce more ways for it to fail and compromise security.
Then what you are left with is just another crappy useless altcoin. All bitcoin has to do is keep being a tremendously secure store of value,
that can be delivered anywhere in the world in an instant. Just as Satoshi always intended...Keep it Simple Stupid! The beauty of its simplicity is what makes it revolutionary.
But I did get to the point where I thought if it doesn't make a breakout by end of October or sooner I would start selling, at least some of it. Well I am glad I didn't because I think we may be out of the woods and finally start to see the rewards. Longer periods of consolidation usually translates into greater upside. No pain, no gain! Can't wait for bitcoin options to start trading next year.
You should have made up your mind that bitcoin investment is not such that you’ll rush into seeing the success of it just short time after investing in them. It takes sometime to reap the reward and if little consolidation and delay in the expected bull run is making you feel some kind of way not to trust bitcoin, it’ll only make you not to be a better bitcoiner and will always be making a lot of mistake in selling at loss or at little profits when you’re suppose to maximize those opportunities of having to invest earlier in it before the bull run. The bull season will come, you just need to take a sip and relax with patient as the market does its own part.
Back in 2016 when I started out the FUD was tough to wade through. We had forum accounts here making FUD everyday about many topics, and it seemed as though nobody could be trusted, which is true even today. But one thing was for certain, bitcoin was sure to go up and it did go up from its price of ~700$ to 70k$ today.
I have never been one of those people who quit. But to be that strong willed, you need to have a cushion to rely on. For that I always suggest people to have a stable job. Keep investments in traditional markets along side bitcoin. Those good number will calm your mind when bitcoin crashes which is not uncommon.
I don't recall when exactly I quit the forum, it was certainly after Bitcoin plummeted from $20,000, probably after a few months of seeing no positive changes, I started believing it was pointless. Took years before I even checked Bitcoin's price, if it still existed and how it performed. Long story short, I joined during Covid19 quarantine, either in late 2020, if I remember correctly. It's been over 3 to 4 years since then and I haven't thought about selling not even once.I have never been one of those people who quit. But to be that strong willed, you need to have a cushion to rely on. For that I always suggest people to have a stable job. Keep investments in traditional markets along side bitcoin. Those good number will calm your mind when bitcoin crashes which is not uncommon.
To be honest, I haven't thought about which will be my selling point, because if I'm anticipating it's going to $80,000, then I'd want to wait for $90,000 or $100,000.
Is it too early to let go of your holdings just because Bitcoin hit its ATH this month? November is just around the corner and you should think twice about it. We are heading towards a dwindling supply so please take good care of what you have. It is okay to sell some of the bitcoins you have accumulated since 2018 because they are well worth enjoying after the long journey. The coming year will be full of surprising mysteries, massive adoption will continue to come and we should be ready for something bigger.
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