BTC just hit a new ATH and I’m feeling it. How about you?

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max_stakeMember
Posts: 11 · Reputation: 126
#1Jul 28, 2021, 01:53 PM
What a crazy week for BTC and a bunch of altcoins! BTC shot past 112K USD and hit a new all-time high at 123K USD. As a huge BTC fan and holder, I can barely contain my excitement. All I wanna do is jump on TradingView and watch the price action like it's some kind of art show. I’m sure many BTC holders are feeling the same hype! But here’s the thing: I’m noticing that people aren't really feeling that FOMO vibe yet. A lot of influencers are still sounding the alarm about risks and telling everyone to play it safe. Maybe they’re just waiting to see if BTC can hold that 112K USD level as support before we see more gains. For me, I’m all about that FOMO too, but not in the way you might think. I’m actually itching to sell! I just don’t wanna miss out on cashing in some profits on my BTC. I already took profits twice before when BTC hit 100K and then 110K. This time, I switched up my strategy. Instead of waiting for it to hit 125K, I sold some when it dipped from 123K to 120K. So that makes it three times I’ve taken profits, and I’ve got back all my original investment, plus some nice gains to ride out the next crypto winter. No matter what happens next, I’m in a comfy spot with a solid 5% profit! I’m still holding 40% of my BTC though. My plan is to sell another 20% when it reaches 150K. A bunch of influencers have mentioned that as a possible new ATH, and I’m really hoping that comes true around November this year. As for the last 20%, I’ll let it go if the price dips below the trendline or the EMA34W on the SonicR indicator.
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ryanwizardSenior Member
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#2Jul 28, 2021, 04:06 PM
Here are my feedbacks to your questions below. 1. No, this is not a fake out market reaction, but we are deeply into bullrun and the market is performing well to say, if you have invested before now, you should be in profits, if you haven't then wait for the fall, lastly, if you're a trader, be sure of the position you're taking. 2. Depending on the entry point I made in, I may choose to sell at $123,000 or anything close, but if i still wish to hold further, I lose nothing. 3. $130,000 to $150,000 base on my view.
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ColdHashFull Member
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#3Jul 28, 2021, 10:07 PM
I don't think that FOMO is back in the market. We might see FOMO, if the price of bitcoin hits $150k. However, traders will always take profits in every new ATH achieved by bitcoin. I have already sold the little that I planned on selling at $   110k. I am planning on hodli the rest of my bitcoin stash till the next bull run in 2029. I hope to to see bitcoin price make a new ATH at $180k before the bear can take over the fight and become victorious but the bull is winning currently.
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tom.viperFull Member
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#4Jul 29, 2021, 03:23 AM
This is a normal emotion, but chasing high prices without thinking can be risky. You should calm down first, because fear is useless. Treating the Bitcoin market correctly can make your decision path more straightforward.
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qu4ntumoracleFull Member
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#5Jul 29, 2021, 10:45 AM
It’s totally fine to be in FOMO, just don’t fall for the FUD. Getting caught in the hype isn’t a bad thing if you truly believe in Bitcoin’s long-term growth and this bull run continuing. The real problem starts when people panic during corrections, especially when their portfolio dips. But that’s part of the ride. Just stay focused and do your thing. Remember, only weak hands panic. And you’re not one of them, right?
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alex.shardLegendary
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#6Jul 29, 2021, 03:01 PM
To fomo is not good because it happens when bitcoin price has gone up significantly already very well, this is the kind of time that you supposed not to fomo at all. The best time to buy bitcoin is when the market is not good after long term bear season. Such time is the time to buy bitcoin but most people at the time will not want to buy bitcoin at all.
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coldaltFull Member
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#7Jul 29, 2021, 05:12 PM
Don't get overtly excited. Most of us knew this time would come. Price is even yet to do what most of us believe it will do. My speculation for it's circle ATH is $150k – $200k. It's just a matter of weeks before that is wrapped up this 2025. I believe 2026 will be for altcoins, not Bitcoin. I had a similar discussion with a friend yesterday and I told him that those whose shorts got liquidated when price breezed passed $120k was because they thought price could revert at that level immediately without waiting for confirmation. Expectedly, price later reverted to around $118k yesterday after testing $123k. But before then they were already liquidated. Professional traders know how to take trades from Support and Resistance levels. I guess that's what most are waiting for now. A retest of those levels is very important. I haven't used that Sonic R indicator before. In fact, I hadn't heard of it but now. It looks like a lagging indicator and may not be all that leading one to price. If I were to read your chart, I would rely on that trendline more.
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nonce_sigmaFull Member
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#8Jul 29, 2021, 06:31 PM
Not sure about FOMO because you should probably have already bought long ago in this cycle. Now is when we should be dollar cost averaging out. We are currently having a bit of a correction after a big move up. Don’t panic, this is normal. There will be more highs this year.
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ninja_atlasFull Member
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#9Jul 29, 2021, 08:46 PM
Some people have that fear of “what if the price never drops again?” and there really are investors who think that way. But if their goal is long-term investment, there’s nothing to worry about as long as they don’t panic. Even if they bought Bitcoin at a higher price, it’s almost guaranteed that it’ll keep rising over time. At the end of the day, the difference is simple: Investors who buy during the dip = bigger profit Investors who buy during the bull run = smaller profit But as they say, profit is profit (or a win is a win, lol).
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p1x3l365Senior Member
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#10Jul 29, 2021, 09:19 PM
You know what? Fomo started when we had the benchmark at the resistance level of $112,000 and the support level on $98,000 somewhere about. Then investors with Fomo begin to feel skeptic if the bullish season was over because, breaking new Ath was seem tough and impossible likely to be that the market down trends was a direction to bearish season. So Short term investors already make sells them just like you Op. So literally, there's always a Fomo in the market which emotional investors gets worried about. So once there's a break ore new Ath's, Short term or Fomo investors are activated and storms about what decision to take either to sell or keep ho
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alex.shardLegendary
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#11Jul 29, 2021, 09:33 PM
Even as gold price is going higher, there are times that the market will not be good. Also if you check silver, you will see the same thing. Even if you check stocks, not all time are good. But just that they are increasing than decreasing. Bitcoin volatile may decrease but I still know that some time will not favour bitcoin. About this 4 year cycle, I still think it will have effect but time effect may be mild and which is normal because we expecting reduction in the volatility there. I still prefer to remain looking and not invest during the time.
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ben100Full Member
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#12Jul 30, 2021, 06:29 AM
Well said, DeathAngel. No need to panic — corrections are part of the game. If you’ve been in early, great; if not, stay calm and stick to your plan. More highs will come.
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jake_lordMember
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#13Jul 30, 2021, 08:33 AM
good for you this kind of strategy is not talked about much it's not exactly trading but it is also not continuously holding it is like in the middle area but it does not mean that it is wrong as you said you have made profit already so it means it is working the risk here is obviously selling all the bitcoin you have too early you will definitely have fomo to buy definitely there are many who are still buying at this price $150k seems to be the next step realistically speaking
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1m_co1nMember
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#14Jul 30, 2021, 08:48 AM
I treat bitcoin like gold buried in my backyard. I plan to keep it there for 50 years and add to it for my children and grandchildren, not continually dig some up to take some profits. Therefore, the graph doesn't concern me at all unless it crashes and doesn't recover.
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orbit_2013Full Member
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#15Jul 30, 2021, 02:27 PM
We've experienced a little correction so far, but holding above the 116k mark is a very good sign. I'm not a big fan of FOMOing nor panic selling, and because of that, I've missed the train sometimes, and regretted not having sold early in the past. So I would never buy after a new ATH. But who knows, this cycle is being very atypical, and we haven't had a real accumulation lately, so chances are that I'll regret not buying "while it's still cheap". Only time will tell, but if you can afford it and want to do it, don't overthink, just buy and hodl.
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max.shardMember
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#16Jul 30, 2021, 04:48 PM
"Well, we don't deal the deck down here, we just play the cards"  - Daryl Van Horne The Witches of Eastwick (1987 film) written by John Updike. Relax and HODL.  You have a good idea about what is going to happen, just take it easy and act calmly and rationally.
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c0in23Full Member
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#17Jul 30, 2021, 07:36 PM
This is one of those times where we’ll be tested if we’re really into HODLing. Sure, we can already sell now and lock in some profit, nothing wrong with that. But if we believe it’s still too early, then we gotta wait it out. A real bull run means bigger prices ahead, so patience is key. We might not be at the very beginning anymore, but if we’re realistic with our targets, there’s a good chance we’ll hit them during this run. And yes, I’m calling it a bull run as we’ve already hit multiple ATHs this year. Even with all the bad news, especially globally, Bitcoin stayed strong and kept moving in a bullish direction.
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1m_co1nMember
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#18Jul 30, 2021, 09:13 PM
The hodlers have never regretted it thus far. I try not to think of bitcoin in terms of how much USD it's worth.
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sat42Member
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#19Jul 31, 2021, 12:36 AM
Yes fomo is not good. recently, the price of Bitcoin has seen a very quick pump, after rising to $123k, the price dropped to $116k in a day, which is a very big movement. Those who jumped on the hype of Bitcoin are now in big losses, while many went into futures trading and took Bitcoin long because the price of Bitcoin was increasing very quickly. And many people have been liquidated due to such high movement of Bitcoin. When the price of Bitcoin or all other coins increases at a normal pace, then you can make a lot of profit from it because then everything is at a normal pace. But high Fomo makes people very excited and panic and face more losses than profits.
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ben.altMember
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#20Jul 31, 2021, 06:49 AM
The sentiment is very positive, but there is no FOMO right now in the market. You can look at sentiment analysis and greed index. All KOLs are scammers, don't read what they are writing. It is better not to because it is difficult to calculate anyway the real value in USD terms as you have to price in inflation and the loss of value that USD experiences.
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