In the past day, Bitcoin shot up by $10,000 and is nearing the $90,000 mark!
Now’s not the moment to jump into trading let the big players dictate the market as they react to the latest US election outcomes. This crypto Bull Run is likely to keep going strong even after January’s inauguration, so you might as well relax and HODL don’t forget to update your wallet apps. Make sure to consolidate your HODLings. Think about putting some money aside for retirement. (Ballet cold wallets might be a smart choice for long-term storage).
Stay chill Inhale Exhale... Just HODL...
Stay Calm Inhale Exhale... Just HODL...
19 replies 286 views
pixel_moonMember
Posts: 26 · Reputation: 50
#2Jul 15, 2021, 06:23 AM
We hold, we hold, and we hold. The price pump is not going to end anytime soon, but we shouldn't be all positive towards the price as price correction can still take place before the pump can still start back, but I don't know when that will happen. Maybe right after we have crossed the $100k figure, but in this kind of pump, which is proudly and partially sponsored by Trump winning, there is also a high chance of we see below $80k again before we go all up right after the inauguration.
I agree with HODL - I think a small fractional amount should be cashed to allow you to hold for longer with no real effect on total investment. This is becuase the longer you can HODL is a function of how much money you have to pay for cost of living.
wallet_forkNewbie
Posts: 1822 · Reputation: 24
#4Jul 15, 2021, 03:45 PM
Very good advice.
And if you are like myself older 67 and setbacks in price scare you do not sell a lot of your coin. Ie if you have 1 btc and are terrifled of a drop sell 0.05btc. It's 4k and should be able to hold you. And allay your fears.
Usually breaking a major resistance and then entering uncharted waters means bitcoin soaring will continue. Saying "don't trade now" means you just watch from the sidelines as bitcoin breaks $1200 (major resistance back in 2017), then sets $2000 record, $3000 record and before you know it price is $20000 (the final 2017 bubble peak)
In any case it seems like for the time being we are back to the good ol' days when every morning we woke up, before anything we would check the price and see a new record was set last night
Ill probably just stop selling if Bitcoin starts to dip
though I wont sell everything since Im planning to hold some for the long term. For now, lets just ride the wave. Bitcoin is super bullish! Were about to hit $90k, and next stop could be $100k. Who knows if thats even the peak this bull season; it could go higher. We all know how hyped things get during a bull run.. Of course, therell be a correction eventually, like always, but lets not dwell on that - it kills the excitement. Let the bull run do the talking...
bull_deltaMember
Posts: 58 · Reputation: 85
#7Jul 17, 2021, 04:23 AM
Feed it stop losses.
hodler_quantumMember
Posts: 185 · Reputation: 62
#8Jul 17, 2021, 07:47 PM
I'm very confident that next year or during 2026, the normies will call us "merely lucky" without any consideration of the mental insanity, stress, and anxiety that HODLers went through. The COVID-19 Crash, China FUD, FTX Scam, Luna Scam, and other mere FUD that HODLers must fight.
Where is SGBETT? He'll definitely return during Bitcoin's next crash to $100,000 in 2027.
This is the time to stay calm and focused. With Bitcoin pushing, Its tempting to react, but patience is key. The market is shifting, and the long-term potential is massive. let the whales do their thing while we stick to our strategy. HODLing and consolidating assets now is a smart move. The next few months could be crucial, so keeping a steady hand will pay off. HODL on!
orbit_bearNewbie
Posts: 173 · Reputation: 27
#10Jul 18, 2021, 04:30 AM
The important thing is we should accumulates more Bitcoin even if the price start increase. Whether the price still fluctuate from ups to downs, that will not be a problem for us because our target still on the way. HODL is the best thing that we can do in this time so we can have more and more Bitcoin and we can make a big profit later. We don't have to worry with the price and focus on our purpose to have many Bitcoin. We hope that the situation can still increase until the next year and the real ATH can show up in the next year with a very highest price.
For traders who use technical analysis there is a big fair value gap that yesterdays pump left behind from $80k to $88k I think if there is going to be a correction that is where it will correct to because the market seems to have a strong support at that $80k. Although there is also same fair value gap at $77k too but this bullish momentum to me doesnt seems like it will obey it. So should the price gets to probably $98k we could see the corrections taken place.
Personally I wasnt or I am not buying into the narrative that it was the trump win that pumped this up rather it is the usually last quarter of the fiasco thats happening at the moment
titan_atlasMember
Posts: 120 · Reputation: 220
#12Jul 18, 2021, 09:28 AM
That move today was just a test of leveraged positions but gamblers seem to have deep pockets this time.
Such tests will repeat at every significant level and finally at some point when FOMO is big enough it will break the floor. Maybe at $100k, maybe $120.... depends at what level the x50 people will start going in.
It's funny how we can observe market psychology playing out.
Right now the confidence is still strong, but we'll see what the crazies will do above 90k. By crazies I mean people who wait and wait and finally when the asset is up by 50% go all in with a loan and their wife's jewelry and then watch the monitor all sweaty for a few days, looking to double their money in a week
I don't think they're in yet, but they'll come.
wallet_forkNewbie
Posts: 1822 · Reputation: 24
#13Jul 18, 2021, 03:37 PM
This is why selling under 5% is a plan.
Selling 50% is panic
That's right but lets not forget that it is not all FOMO and crazies going in with loans though. It is also a lot of other solid thinking individuals who took their money elsewhere while bitcoin was going side way so that they could make profit on their capital in a more active market. When bitcoin starts shooting up, they dump those assets and come back to bitcoin contributing to its rise.
feels like $90k isn't the ATH this time around, it might go as far as $94k and beyond seeing from current price action
the recovery is impulsive, the pullback cancelled out pretty fast. meaning the buy order is still as strong as ever, don't know what causes this but it seems there's just big chunk of buying pressure that stops BTC from making retracement.
I'm sure we'll be hitting $94k very soon.
hodler_quantumMember
Posts: 185 · Reputation: 62
#16Jul 19, 2021, 01:06 PM
I believe that we're in the right moment that we should stop checking the charts/graphs every hour, and leave the small movements/corrections in Bitcoin's price alone. Bitcoin is currently more than 10% above its ATH during 2021. The most important milestone that we should be waiting is Bitcoin price valuation that has SIX DIGITS, and I believe that we might see that this year.
👀
Not sure if the slight downward movement is just investors pausing to consider their next move, but now is the time to HODL - January's inauguration is still two months away and the price will explode.
minerpro28Newbie
Posts: 67 · Reputation: 33
#18Jul 19, 2021, 07:31 PM
Holding is all we got to do now, and surely the party had just begun, Novembull was good, Decembull would be better and January would mark yet the continuity of a sweet bitcoin uptrend experience. I breathe green. We just got to relax, continue accumulating because the green is about to get greenier.
Holding is more of a psychological thing than actually keeping coins, you pass through lots of mental stress not to bow to pressure to sell while expectant of good days to smile and congratulate yourself for passing the investor test and HODL. Congratulations to hodlers. Better days just ahead....
Now that the $100,000 barrier has been well and truely broken and is sitting at $106,000+... I can't help but wonder if it is on an upwards trajectory to $200,000 by the end of next year before leveling out?
quantumio735Newbie
Posts: 148 · Reputation: 17
#20Jul 20, 2021, 04:36 PM
Maybe we could see more upward movement in price from next year January being that President Trump's inauguration ceremony will occur on the 25th of that month. We all know how much Bitcoin spiked when he was announced the winner so there's the possibility that something more along the lines of that will happen.
Nothing is impossible but can we see 200k by the end of next year? With price fluctuations and all? I dunno.
?Reply
Sign in to reply to this topic