Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Jujuboy on December 06, 2024, 12:18:17 PM
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
Different people had their different targets this bull. Some people were scared when we were floating at 85k and rushed to sell off some coins. A couple of other persons sold off at 94k since then we were very close to 100k but still didn't hit the 100k Mark and as a result some persons felt the resistance zone there in the charts would likely cause a dip in price in the form of a retracement.
However with all that being said. majority of people sold after we surpassed 100k and you can easily tell by the rate at which price retraced back down after it had already passed the 100k Mark.
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
Different people had their different targets this bull. Some people were scared when we were floating at 85k and rushed to sell off some coins. A couple of other persons sold off at 94k since then we were very close to 100k but still didn't hit the 100k Mark and as a result some persons felt the resistance zone there in the charts would likely cause a dip in price in the form of a retracement.
However with all that being said. majority of people sold after we surpassed 100k and you can easily tell by the rate at which price retraced back down after it had already passed the 100k Mark.
100k is the target for most of us. If the price goes way further to 125k I guess they be buying back somewhere above 100k again contributing the bullish trend .
The urge to make money will force them to buy just so they could sell again at 125k. They will take advantage of 125k againas it's the way to keep cashing out. The real winning though are the ones who kept holding.
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The real winning though are the ones who kept holding.
Well yeah I agree, but some say the real winning are the ones who kept on taking profit. I just found that strategy from influencers who are regularly taking profits from their portfolios because they said you don't want to wait another years to make profits. But holding and at the same time taking profits would be the best thing to do I think because we can see a lot of successful individuals using that technique especially with memecoins nowadays and that might also works with Bitcoin.
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Since I expect the bottom to be between $60,000 and $80,000, the appropriate selling price would be between $120,000 and $140,000, but some may prefer to sell at the current levels if the buying price is $15,000 to $40,000.
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and holding for long term I feel BTC might close the year at 125k
I think bitcoin will go above $125000 before bear market will begin but I do not think if we can achieve this in this December or not. We should look beyond what will still happen this year which can help us to continue to hold. I can see $90000 as a very strong support now as bitcoin fell down to the price yesterday but increased back gradually. I do not think we should sell out coins until mid of next year. And also not good to sell all as bitcoin will still increase after a long period of time.
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
Bitcoin price will go up a lot more we believe it and sometime in future bitcoin price may exceed million dollar but it will take long years. Bitcoin is currently at the highest price of its life so a major correction in Bitcoin price is due and therefore investing in Bitcoin is very risky at this time. Now is the time for those who have been holding bitcoins for a long time to sell them and wait for another bitcoin correction. And they will buy bitcoin again in dip market and wait for next ATH. So I don't think it would be very good to buy Bitcoin in this current market condition
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I can see $90000 as a very strong support now as bitcoin fell down to the price yesterday but increased back gradually. I do not think we should sell out coins until mid of next year. And also not good to sell all as bitcoin will still increase after a long period of time.
At this stage, the support and resistance levels are not working well, as the price is still testing new levels, and at that time, any level above $73,000 is still subject to being broken.
The rapid rise and slow correction are the characteristics of this stage.
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Congratulations on the profit
Every profit is welcome, don't compare yourself to whales because we are ordinary users, and 300 USD profit is a very good amount
To give you an idea, 300 USD is more than the minimum wage in my country :o
But here I haven't sold practically anything yet hehehe, I want to keep my satoshis for a long time
The fiat currency is depreciating very fast
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No...
$100K already seems high and tempting for you to take advantage now or whoever the investor is but I will hold back a little more because the future prospects seem to be going up to $150K at least that is what is expected.
People buying at $20K to now $100K means they already have a high profit.
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$100K already seems high and tempting for you to take advantage now or whoever the investor is but I will hold back a little more because the future prospects seem to be going up to $150K at least that is what is expected.
Sure, $100k is a high price for Bitcoin. It is probably the target price for many people to sell their Bitcoin. But it is cool that you prefer to hold your Bitcoin and you believe Bitcoin may reach $150k. Why you are so confident? Do you have some reasons that Bitcoin may reach $150k?
People buying at $20K to now $100K means they already have a high profit.
If people bought their Bitcoin at $20k, they already got huge profits if they sell their Bitcoin at the current price. I think it is not a bad idea to sell and take profits gradually.
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
The price went down below $100k but as I'm typing, it went up again above $100k, the $100k looks not strong yet but if we can see some price action and it stand still for while, I'm very sure that this will becomes a new support and a resistance and we will move forward to as high as $125k but I still think that this will comes with US government involvement.
In addition, we will be seeing up and down in this price range because about $400m was wipe from the market, there would definitely be liquidation between market short and long position before any major move.
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But it is cool that you prefer to hold your Bitcoin and you believe Bitcoin may reach $150k. Why you are so confident? Do you have some reasons that Bitcoin may reach $150k?
Yes I have my own reasons for seeing a price of $150K in 2025 even if it's just a prediction...
Maybe when Trump is officially inaugurated it will push bitcoin up, because when Trump won bitcoin shot up.
People buying at $20K to now $100K means they already have a high profit.
If people bought their Bitcoin at $20k, they already got huge profits if they sell their Bitcoin at the current price. I think it is not a bad idea to sell and take profits gradually.
Of course it's not a bad idea because it's already a 5x profit so selling defensively they still get a decent profit.
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But it is cool that you prefer to hold your Bitcoin and you believe Bitcoin may reach $150k. Why you are so confident? Do you have some reasons that Bitcoin may reach $150k?
Yes I have my own reasons for seeing a price of $150K in 2025 even if it's just a prediction...
Maybe when Trump is officially inaugurated it will push bitcoin up, because when Trump won bitcoin shot up.
For any prediction there is always a reason that stems from observation and learnt experience and so it is easy for us to correlate a number of events with changes in a particular prices. Therefore, it can be reasonable for instance to analyse how the market responds to change in the political environs or even policies. However, it would be good if still we come across various other features that also influence the prices such as use of technology, regulations or international factors. Like that way, we are more ready for everything that is going to happen, while not completely relying on one assumption.
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
Everyone must have their own target in achieving profits. And to be honest at $100k yesterday, I did set a target price to take profits and in the end it worked. Actually, it wasn't exactly at $100k, but at $102k, and I did that because I did set a certain target price. and for the next target to set taking profits is $110k.
I know this is controversial and many people say it's a shame to have taken profits. but I did it for certain purposes. and I have calculated the situation, and it's not TP all in, just a small percentage. And that becomes additional capital for other investments.
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For any prediction there is always a reason that stems from observation and learnt experience and so it is easy for us to correlate a number of events with changes in a particular prices. Therefore, it can be reasonable for instance to analyse how the market responds to change in the political environs or even policies. However, it would be good if still we come across various other features that also influence the prices such as use of technology, regulations or international factors. Like that way, we are more ready for everything that is going to happen, while not completely relying on one assumption.
Commonly, people must have the reason when they predict something. It includes Bitcoin price prediction. But there are some people who predict with many indicators (factors). But there are people who predict with lack of factors. Those who predict with more factors, the accuracy will be better. Anyway, we must always remember that we don't rely on other people's prediction. We must have our own prediction.
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But it is cool that you prefer to hold your Bitcoin and you believe Bitcoin may reach $150k. Why you are so confident? Do you have some reasons that Bitcoin may reach $150k?
Yes I have my own reasons for seeing a price of $150K in 2025 even if it's just a prediction...
Maybe when Trump is officially inaugurated it will push bitcoin up, because when Trump won bitcoin shot up.
For any prediction there is always a reason that stems from observation and learnt experience and so it is easy for us to correlate a number of events with changes in a particular prices. Therefore, it can be reasonable for instance to analyse how the market responds to change in the political environs or even policies. However, it would be good if still we come across various other features that also influence the prices such as use of technology, regulations or international factors. Like that way, we are more ready for everything that is going to happen, while not completely relying on one assumption.
Looking at the trends and conditions that affect the market can be said to be a very useful step in an effort to understand the price change. By a’appreciation of factors such as polices, technology and other global events the ability to build a larger picture of what it is actually happening is created. It makes it easier for us to avoid relying on one particular assumption and give us an excellent chance to make the right choices. Overall, this makes us as prepared to deal with the change and at the same time commits to the available opportunities out in the market.
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it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
Nope. That will not happen.
With Bitcoin reaching $100,000 just a few days ago, I now believe that there's a chance that Bitcoin might end the year with a BANG!!! and close the year with a price above $100,000, but my prediction will be at around $100,000-$105,000 price range.
Re: Did You take advantage of BTC at 100k
Advantage you said. Yes, I did.
When I saw that Bitcoin went up significantly at that time, I opened a x25 short position at $103,000 on my futures trading account because I felt that the rise isn't sustainable. Lucky enough, it went down to as low as $97,000 and made profit from it. :)
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
- What was your basis for saying that it would be $125k before the end of this year, op? Because if that's all you say, that's just your story. Even I can say without any basis that before the end of this year it will be $200k per bitcoin. That's why it's just going to come out as if you're just trying to make a name for yourself on this forum.
You should have some basis for what you're saying to be credible, because if that's all you're saying, it's just speculation so you can say something, that's all I think.
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No, I was not all moved to do something with my small hoard of Bitcoin at the $100K price but definitely it is already a very attractive proposition and I am certain many took advantage of it and that is why we saw some corrections with the price the past two days though it is nearing back at the line. I have already decided that it would be $150K zone for me and I am just wishing that nothing bad will happen to the price before it gets there. I just have a strong faith on Bitcoin in 2025 under the crypto-friendly Trump administration and a more bullish market for cryptocurrency as manifested in strong inflows of ETF platforms in the market.
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The real winning though are the ones who kept holding.
Well yeah I agree, but some say the real winning are the ones who kept on taking profit. I just found that strategy from influencers who are regularly taking profits from their portfolios because they said you don't want to wait another years to make profits. But holding and at the same time taking profits would be the best thing to do I think because we can see a lot of successful individuals using that technique especially with memecoins nowadays and that might also works with Bitcoin.
what is the meaning of taking profit in here ?
do we sell based on how much we buy and take profit when the price goes up?
hopefully your answer is the same as my thinking
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Yes I have my own reasons for seeing a price of $150K in 2025 even if it's just a prediction...
Maybe when Trump is officially inaugurated it will push bitcoin up, because when Trump won bitcoin shot up.
For any prediction there is always a reason that stems from observation and learnt experience and so it is easy for us to correlate a number of events with changes in a particular prices. Therefore, it can be reasonable for instance to analyse how the market responds to change in the political environs or even policies. However, it would be good if still we come across various other features that also influence the prices such as use of technology, regulations or international factors. Like that way, we are more ready for everything that is going to happen, while not completely relying on one assumption.
As predictions are part of speculation, people are free to say what they want by combining several factors including political policies, global economy, etc.
Not necessarily what I said is true because this is just a prediction, but this is just my own belief that bitcoin can break through to $150K for the rest, maybe time will tell.
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I know my gains from yesterday's trade might be small compared to all the big whale holding BTC, but I have been holding the trade since on Monday only to check my wallet on Thursday and gain over $300, it was sweet and with the way major companies are buying and holding for long term I feel BTC might close the year at 125k
You hold bitcoin and later check your wallet balance it has changed from what it was to another higher amount. This is not trading rather it's hodling, of course it's sweet to hold bitcoin and when the bull run is around the corner you make profits from different coins in your wallet and respective places you stored your assets. Bitcoin may not only close at 125k, though we might end higher than that this year but like I know we can't give exactly value which price would ends with before the year ends.