Quote from: Silberman on Today at 05:55:21 AM

Quote from: pawanjain on July 22, 2022, 04:35:11 PM

Quote from: tvplus006 on July 21, 2022, 08:23:05 PM

Quote from: pawanjain on July 09, 2022, 01:31:14 PM

...But again, things could have gone the other way around and so I am not complaining holding on to my coins because there's no loss until we sell at a loss....

Very often we learn about sale or buy by major players after the market has changed. An example of this is the sale of bitcoins in June by Tesla for $29000, which we learned about only yesterday after the publication of the company's financial report. In this case, it would be a good opportunity to buy back what was sold at a lower price.

May be they did buy bitcoins at $20k and may be that was the reason behind the current pump to $23k.
We never know what these large institutions are doing unless it is announced publicly.
All we can do is wait for such opportunities to dill our bags. We should try to buy whatever we can at such dumps.
Only then we can accumulate profits when the market go back bullish

While institutional investors make all kind of movements that are simple impossible for us I think it is better to concentrate on what we can do with our limited resources, and right now the price of bitcoin is still very attractive, maybe it is not the bottom we saw some time ago but whenever you can buy a good asset for a discount larger than 50% that seems like a good entry point if you ask me, and the best of all of this is that I think we are going to see the bitcoin price remaining below that threshold for a very long time, so we will have enough time to accumulate as much bitcoin as we can before the next bull run and in that way increase our profits.

Absolutely. As long as bitcoin is low we can accumulate more number of coins which will in turn give us more profits in future.
But then again if we just keep holding it then there are zero profits so I think we must plan accordingly to sell and buy back at lower levels.
At the same time I also wonder that more number of people buying bitcoin at lower prices will in turn create more number of sellers when bitcoin reaches ATH again.
So the impact of the dump will be higher the next bitcoin reached ATH.