Explanation
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This is normal and they are often sponsored by people who wants to achieve an economic target. I don't think we have to fret about it since we should have been accustomed to what is happening now. 

If all of you dump, that will be a golden opportunity for little fries and late comers like me to buy lower and achieve my target in less than a decade from now...

This has become a regular game in the market, which is kind of pissing me off a bit, but i can't do anything about it, so i try not to get caught in rants about it.
But i also feel people getting upset or even desperate with the current situation.
2021 was just a test. 2025 seems to be a bit moar critical, maybe it will become even more challenging in the future.
So far we survived forks, the block war exchanges collapsing and politcal disturbances.
If the saying is true, it should be applicable to BTC as well:

What doesn't kill you makes you stronger  

Explanation
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Banks are still buying gold because banks are more dependent on these precious metals than virtual coins, but I do not see Bitcoin and gold as competitors to each other. In this current digital age, people use virtual gold more than physical gold and that virtual gold is Bitcoin. Through Bitcoin, we can make any transaction from one end of the world to the other in an instant, but it is really a great innovation in keeping with the current times.

Big companies like MicroStrategy are buying Bitcoin with huge amounts of money, and countries like El Salvador have adopted Bitcoin nationally, not just this country or this big company, we know about many other big investors in buying Bitcoin. The fact that all these investors are still investing in Bitcoin means that they are relying on Bitcoin even during this high price of gold.

Currently, the price of a Bitcoin is in 6 digits, but it is not impossible for the price of Bitcoin to reach 7 digits, it is only a matter of time.

It is funny that so many exchanges have created exchange wallets that appear to be private wallets, but they are closed source.. so people are deceived into thinking that they are HODLing their own coins.. even though probably the exchange wallets are a bit better than holding the coins on the exchanges, so there are nuances with many of these things and the various ways that us normies can get deceived in regards to our ability to safeguard and manage our own coins (and our abilities to transact whenever we like).


Personally, I think that newbies should get started, even if they might be holding coins through third parties, and they can learn as they go.

The more value that newbies are investing, the more concern that they should have about making sure that they are holding a decent amount of their wealth privately rather than on exchanges and through 3rd parties.

Of course, there are judgement calls regarding how fast to learn and how much value to hold privately rather than holding the value on exchanges (or through third parties)... Some folks do not know the difference, and other folks downplay the difference, even though bitcoin's value comes from having the abilities to hold your own wealth and to transact directly with others without receiving permission and without even having to identify yourself beyond showing that you have control over the money (the bitcoin).

What do you think AuchanX?   how much value are you talking about?  Some newbies get into bitcoin with a lot of front loading and others might take several years to build their bitcoin position.  I personally suggest that newbies spend at least a whole cycle accumulating bitcoin, yet at the same time, I do recognize and appreciate that there are some newbies who have more capital so they are able to front load their bitcoin investment, yet even if they are able to front load their bitcoin investment, they still might be better off to spread out some of the initial bitcoin purchases.


Hahahahaha

Bear market begins.

Oh my.  That truly is bettable, but you wouldn't bet since you don't want to lose.

I bet there is a new ATH prior to the end of the first quarter of 2026... which would not be a bear market since our last ATH was on October 6th.

I will also bet that the BTC price will never go below $0k ever again.  Even though surely, it is possible that the BTC price could get close to touching the 100-WMA.. but perhaps not until after the first quarter of 2026.

Any of those propositions bettable in your supposed proclamation of "a bear market"?

I will concede that $100k could get tested and/or even breached, which just seems a great opportunity to shake out some more weak hands and also to attempt to take advantage of current downward momentum.. yet even a breach of $100k is not guaranteed, but I would not bet that, even if I were to get decently good odds. 

By the way, so far, our dip has ONLY gotten down to $107,625 which is merely 15% from our $126,272 top, which is hardly even out of the ordinary... NOT that I am saying that more down needs to happen, or will happen - but the $107,625 happened only a mere 3 hours ago (at the time that I am posting this. .with the BTC price continuing to hover in the lower $108ks).


That is what Mindrust said. 

He was egging on the bear and even bought some more coins (to go over 10 BTC) just a few hours before he posted that he sold everything at about $4,500, which was about $1,500 lower than his earlier buy.


At a certain point, we can sell whenever we like - especially if our coins might be $300 each or even if they are under $3k each.

I am not against the idea of selling coins for needs, and even selling on the way up, even though it is problematic to be panic selling or selling in large quantities due to lack of preparation for bitcoin to go in either direction..

Let's say, for example, LFC were to have something like 25 BTC, and he had some expenses coming up that were already planned for the past 6 months or even for the past year, and so perhaps his expenses were in the ballpark of $200k (or maybe a lower amount, but let's go with $200k), and so perhaps he sold half of the expenses amount around $121k (so around 0.83 BTC he sold $100k worth of BTC), and so he was planning on selling the other $100k at $130k or higher, but instead the BTC price has been moving against him. .and so he might have to sell the other $100k at current prices, or perhaps at a lower dip price... .. yet overall, after all is said and done, he still would have had sold less than 2 out of 25 bitcoin and brought himself down to 23 bitcoin rather than 25 bitcoin, which I don't really see any major problem with any of that, even if there was a preference to sell a lower quantity of BTC at a higher price to cover various anticipated expenses (perhaps expenses that were purposefully planned and/or created around a year ago after the Trump pump).

My point is that there can be reasons to shave off some of the coins whether the BTC price is high, low or medium, and the sale has not really caused any meaningful damage to the overall bitcoin portfolio, even though the quantity of coins in the portfolio had become less from the sale than what it had been.


Huh?  Bitcoin went up from the beginning of August until now.. but maybe it did  not go up enough?  It went from $113k to $126k.. That was not enough?

I think that the odds are less than 50% that this particular top is in... but that does not mean that we are guaranteed to have a new ATH... so my confidence is not really high... even though I would be willing to enter into a 50/50 bet on the topic.


I don't really agree with your conclusion, even though it is not totally unreasonable.


You are begging.  Why?


If you are fairly new to bitcoin, keeping on buying tends to be good, even though surely guys might not be able to buy any more frequently than weekly, and there is nothing wrong with ongoing, persistent and consistent weekly buys, especially for guys in their first whole bitcoin cycle and even some guys who have been in bitcoin longer than a cycle may well be better off to just keep buying, whether weekly or otherwise when they get extra cash coming in.

It takes someone with good experience of the market to sell above 120k during the last pump because from a technical standpoint, the last pump that lead to the ATH looked like market was set never to fall below 124k area which was the resistance turn support (the ATH that was eaten up by the pump). Little did we know that such pump was not going to last, so those who sold are indeed knowledgeable of when the market move without volume (an ideal case of sell-to-buy).

I hope you are re-strategizing to replenish those sold coins or you have reached your accumulation targets?

There is still a real possibility that MSTR could be added to the S&P500 in December which would bring a windfall of money to Bitcoin. Gold at record highs could cause investors to rotate profits into Bitcoin. A lot of ETFs for altcoins are about to be approved and that will raise prices of alts, potentially allowing those investors to rotate profits into Bitcoin. The US hasn’t made a BTC buy yet, but did just buy 11 figures worth of Argentinian Pesos showing they aren’t afraid to buy other currencies. This is also the most bullish period of the year.

All of that is great… but it sets a lot of expectations that will be hard to surpass. These are the sort of expectations that come with market tops. It could also be the fuel to send us to the moon. We’ll see which it will be soon.

Explanation
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Explanation
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