Quote from: btc_angela on Today at 03:10:10 AM

Quote from: Silberman on November 26, 2020, 10:41:45 PM

Quote from: BitcoinerExpert73 on November 26, 2020, 05:34:56 PM

To the above comment:^

God I hope you're correct, I bought at $9K but damn, bearish markets are depressing

Then you have nothing to worry about, you bought bitcoin at a very good rate and it is unlikely the price will go down to those levels soon, in the best case scenario what we are seeing now is a correction and the price will continue its upward trajectory during the next months surpassing by a wide margin its previous ATH, however if this is the beginning of the end for this particular trend I see very unlikely that you are going to lose money, so keep calm and do not panic because that is precisely what many whales probably want you to do.

Exactly, the OP bought it < $10k so his still profit taking even at this price. I guess this is a classic example of a shake out, I mean why would he panic seeing the price when he is still in the positive. But for those who have seen this kind of movement, called strong hands, they didn't even blink an eye because this is forthcoming.

@maxreish - we still have the $16500 support, if that is broken then definitely we can go to $14k. So we will have to see how the current support is holding.

All we can do is patient to wait and see what will happen to bitcoin. I am sure that the situation will be changed, and the correction will make the price start to rally again. However, if the price still goes down below $17k and reach the $16k level, we have another chance to buy more bitcoin because perhaps, after the price reaches the lower price, it can change the direction, and the price can jump to the high price and break $19k barrier.

You should not panic about the current situation because it is just temporary, and it will end soon. With the previous profit, I am sure you can get more bitcoin if you decide to buy back bitcoin.