Topic: What goes up must come down - page 14. (Read 2823 times)
Not everyone have the gut or nerve to hold their tokens and coins when market is crashing because we all have different reasons what we plan to use our money for, this is why I believe that long term investment is for the rich or those who have other means of income, anyways for now any fall in market is just another opportunity to buy more, I don't see bears marching in any time soon
If everything is so easy, we will all become billionaires. So the market today is doing quite badly when there are so a good deal of bad news that directly affect the price and now many people are panicking and distrusting this market.
There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
Interesting theory, but this could become a reality those who bought the $4000might decide to dump on all of us someday, that might happen but it's not certain that those who bought that $4000 are weak hands, cause I remember the whole market was red during that period, only the rich who hand spare cash and believed in bitcoin would have bought the $4000 dip, about living the 2017/2018 Era no comments I just hope it's not going to end that way this time. There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
I agree because I have been here in this forum since 2017 and I keep watch of cryptocurrency market direction. Also for your information you have similar post title that I had seen 2 or 3 years ago. (chuckle)We will see harsh corrections and also keep in mind that the price you see on CMC or the capitalization doesn't mean that much money has been put in to bring the price up to where it is. The bid side of the order book could collapse anytime as it did pretty much in 2017/2018 where we quickly went down from 20k to 8k and then even further. May I remind you that ETH crashed from $1500 all the way down to $80? Holy...!
It won't be during this year that the crypto price will continue to be bullish, there will definitely be a moment of correction. Since the beginning of
this year, there has been no deep correction, so be careful that correction can occur at any time. Therefore, to anticipate crypto prices that can fall
at any time, there is nothing wrong with using the stop-loss feature. This will make the losses we experience not too big.
this year, there has been no deep correction, so be careful that correction can occur at any time. Therefore, to anticipate crypto prices that can fall
at any time, there is nothing wrong with using the stop-loss feature. This will make the losses we experience not too big.
In fact, if we always follow the development of our own cryptocurrency, it is time for me to experience an increase today. because crypto currencies have started to get sympathy from the public, so the price itself will gradually increase
Which society? because in my environment there are still many people who don't know about the development of cryptocurrency, so whatever is related to crypto they will not believe it even though I have shown the results.Yes, not all people knows about crypto currency most especially those people who don't have gadgets and internet connections and friends who join crypto. That is why many people don't believe or get panic when seeing negative movement in crypto. It is important to do some research and know everything about it.
In fact, if we always follow the development of our own cryptocurrency, it is time for me to experience an increase today. because crypto currencies have started to get sympathy from the public, so the price itself will gradually increase
Which society? because in my environment there are still many people who don't know about the development of cryptocurrency, so whatever is related to crypto they will not believe it even though I have shown the results.I think that we are only getting a few people from the total population of people in the world. there is still a lot of room for growth.
There are lots of newcomers came to the crypto with zero knowledge about that. You can see there some new users were creating a new thread about the recommended wallet or something else.
There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
How about those who invested before that era, OP?Like I remember people eyeing on below 2 digits and they'll buy that day.
How many of them could be dumping right now? Maybe most of them are locked out of their wallets by now.
I agree because I have been here in this forum since 2017 and I keep watch of cryptocurrency market direction. Also for your information you have similar post title that I had seen 2 or 3 years ago. (chuckle)
I have also been in this forum for a long time, but that is not the most important thing now, because there are also people who have been in this forum for a long time but there are still many developments and new things that they have not known until now, because now the most important thing is action after watching the market is not just watching, the use of good moments should always come first now.
Makes sense. But in the case of bitcoin, it won't go all the way down nor stay down forever. And I believe that bitcoin is credible enough after showing how resilient it is all throughout the years despite whatever fud or whatever happened to it. Just look at what happened recently, lots of self righteous know it alls who were spreading fud about Bitcoin and talking trash about it ate all their words and ended up jumping into the trend as well by investing on the very thing they called a ponzi or talked trash about.
There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
Of course they have taken profit, in fact, they must have taken profit long before btc hit $20k again, people generally don't have that patience to hodl and keep holding even when they can take profit, they are not stupid, people who bought at $4000 must have dump and others have bought it at s much higher price and those people will in turn dump and others will buy it and so on, even at $62k some are still buying btc.
The cryptocurrencies market as been with such movement, the ups and the downs are the attribute of this industry, so, anyone still surprise at the speed of the bitcoin movement or others should study the basic of crypto-coins. Those who bought these coins aren't all at profit becasue there are some that still ran at loss back then but those long-term holders were able to make their cut from be hodlers for long. Basically, the risk takers in the industry are the winners.
There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
Yup, there will be still the taking profits side and nobody would expect it to stay longer. But with sort of dips that happens once in a while, there's a balance in the market that makes it better and won't only go into pump. Just take your profit and allocate how much you've invest and how much you will reinvest if ever the market goes into a long bearish run again. The confidence is still quite high by this time for most investors and that makes it scarier but so be it. 
The phenomenon that occurred in 2017 kept a beautiful story for some trader and investor, those who dared to take big risks at that time had already become millionaires/billionaires. The development of cryptocurrency is increasing compared to a few years ago, and has got a special place in the hearts of the public. So This is the reason I never hesitating to invest in the crypto space.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Yes are very right, but I even doubt if any average person who bought bitcoin at $4000 usd is still holding till now, the only ones who I think will buy at $4000 usd and still hold till now are the whales, the rich guys who don't care whether they get the money back or not, the ones that buys a coin and forget about it for more than five years, some don't even remember that have such money somewhere until they stumble upon it some day, those are the kind of people I think that will still be holding bitcoins bought at $4000 usd till now, the average person would have sold out of fear that the market might turn red and they loose their gain.
Well, we're never ever going to be on a bullish market forever, there's got to be a stop towards that. There could be the bear market winter as some people would call it but I think it would come around the end of this year or early next year. I'm just quite nervous that we would reach that point and say, hey, I should have sold my BTC at xxxxx amount of price. Let's see.
There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
Captain Obvious to the rescue once again
And yes, this is like 2017 as it's another bull cycle, and people are taking profits.
There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
True, but I just feel like the 2017 era is not 2018 because 2018 was a very severe decline in cryptocurrency, so some people were very afraid to make purchases at that time, including me too.
this always happens and always will repeat the market goes up and down the bear and bull phases alternate cyclically you just need to be good at understanding when the trend reversal begins and sell everything in time
You are correct that now they are Billionaire / Millionaire whot invest on Bitcoin on the past when it price was 4000 usd or under 3000 USD. Now bitcoin already crossed 64k USD and really it is unbelievable. But We know that the Starting price of Bitcoin was very Low and Bitcoin will 100000 USD in upcoming Days.
Jump to: