Bitcoin Forum

I thought the slow price increase of Bitcoin is a sign of a Bull market but I was wronged, it happens so fast. I'm deciding to invest $1000 yesterday, thanks God I didn't. It seems spike increase nowadays are so scary as it follows a downfall afterwards.

New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell  :o.

https://i.imgur.com/LQxiFBI.png

bitcoin continued to decline. the cow won . I lost $ 100 USD  >:( >:( I was unable to place an order to withdraw it in less than 5 minutes -10 %

That doesn't apply in every increase, but if you think you can profit even a little and doesn't care if the price will still increase then that's win win strategy than holding IMO.

This is crypto market, that sudden decrease is not a new thing, it can even do in just 1 hour or so.

Such a rapid decline often happens and I think this is really price manipulation, the decline is so fast that it removes CMC volumes from $142 billion to $ 128 billion, does anyone think of this decline?

This is not a matter of thanking God that you didn't invest it but perhaps it should be a thank God that the decrease has given you another opportunity for bigger gains. If you invest now, maybe is the right time because you might not catch the bull when it starts.

Man. I was planning on selling a very small amount just for me to be able to purchase something I've been wanting for a while. I planned on selling it a few hours ago after playing a few games of DOTA2 with friends. Then when I checked back on Coinmarketcap, yikes. I shouldn't have waited LOL.

I said it that we are not yet over with the bearish market.
The market has lost over 11million in minutes.
Let hope we hit the bottom very soon

I must admit, even though I keep telling my to wait for it to get back to 6k before selling, I was tempted to sell at 4k. Well, guess I missed the chance and have to wait some more.

Sorry to say this but your a fool for trying to time the market.   The only thing that matters is bitcoin will increase overtime,  worrying about these small dips is not what smart investors in.  You can average in your buy in levels if you want  but never try to time the market.

This is nothing new. We’re in a nothing zone at the moment, it happens every single time when we’re at the end of a bear market but not quite fully transitioned into the next bull market. It’s easy for big players to manipulate the market when there isn’t much volume, not many people buying.

We’ll continue like this for another 6 months until we start to get nearer to the next halving.

Use this as a time for accumulation, HODL & you’ll make great profits when it’s the bulls time to shine.

Though I don't think its a good strat, you'll never know if that will be the price point or will it continue to go up, nevertheless it's still one of the decisions that's left when you're going to sell it, otherwise if not then it's better off to wait for the next price spike.

You're almost... but if you are going to make it a long term why not try to buy bitcoin now?

There's a fact that someone has an eager to buy a bitcoin for $19k last 2017 in peak but right now they are afraid to buy in $4k.

The days of hope got faded in less than 30 minutes. Looking the bullish trend on the market people begun to have some form of happiness as price recovery has begun. To the expectation everything got away making people to speculate on price pumping once again focusing on a bull market. A drastic loss could've been encountered by more small scale investors.

Thats the crypto markets and its how you can loose  if you are not
with yor finger on the pulse.

You have to realise the markets can drop just as quick as they can
rise and i have learned this before while trading.

It offers another chance though to buy at a lower price.

After a few days with some green, a lot of people were already sure that the bear market is over and that much better times are coming. Seems like we are still in the middle of the bear market and we cannot expect a change any time soon.

I did not have that luxury, i send my coins in the exchange but i made a sell order for $4500 and was busy with my work and then when i checked the market i was surprised that the market went down below $3850 and withdrew my decision of selling, made my decision to sell looking at the future market , since the month end is coming i expected a fall but not this much and i am really disappointed with the speculative market without anyone owning a single coin, they are manipulating the entire market.

I think I'm just lucky bit earlier, got converted some to fiat when the price is still 4k plus due to small wants for something.

You want to speculate and do not want to bear the losses? This will make you lose more.

On the long-term scale "based on your belief that 5 hours long" the price has increased 5% from last week so I think you are a winner and the price did not collapse frightening collapse.

Also, price analysis without relying on news and events leads to false results.

Lol, me too, I was tempted to sell some of my stash because I wanted to buy something and then whoahh, suddenly the price goes down that fast, I miss the opportunity, but anyways, I'm not in a hurry to buy that item though, so yes, we have to wait a bit further.

But the slide, was really fast though, matter of minutes as I was monitor it, don't know what triggers it, hopefully we may have to try to get back that $4k - $42xx range again.

1D and 1W chart only shows a great buy signal between 3200 and 3800. I will always buy as long as the price is in this range. But over 3800, the only thing I can do is wait to break the 4200 hard. If it does not break, it means the price will, unfortunately, fall below 4k instead of staying in that range. But there is the weekend factor. Where the negotiations are always with low volume and allow great manipulations. I am hopeful that this sudden drop will increase the volume of buy and we can break 4200 already on Monday.

Tbh I never expected the greens to last longer than it should have, and thought that it's just another one of those bull traps/random volatility action that happens from time to time. I sold some coins earlier at its peak, $4140 and I'm not surprised to see where it's at right now. I don't see anything special about the rise recently nor anything that suggests that this is the reversal that we've all been waiting for, so I didn't bank heavily on that possibility and just went on with my day-to-day life.

Well perhaps it will still try to climb higher than $4k, knowing that that resistance can be broken with the right momentum, who knows.

Not all hope is lost as of the moment this may just be a correction from Bitcoin not seeing green for a long time. The 3,800$ level is a known support and it was expected to be re-visited when the RSI level was extremely overbought. So we need to further observe the market in the couple of hours/days on where BTC will continue to be headed as nothing is clear from this slight decrease we are seeing.

At least we some green on the market ;D ;D maybe this is the sign for a true bullish market that is why I keep looking on the news and market movement so I won't miss that event.

It still could be good decision all matters is time in what you want to cash out because its bad 5 hours later but 15 hours later it could be good decision.
You never know, its market. I too rided on waves of bitcoin price many times with different approach but its all random you will realise and good decision are as random as bad ones :P

Now many are trap on top again. This is very sad for those who are sleeping and have no power to sell their coin, well i believe it will go back to pum again as many hodlers will continue to buy more. Don’t worry if you miss the chance, you can still earn money in the future.

I am not surprised about this because I didn’t expect this small rise to mean a bull run to me . There was no news or nothing to back it up and moreover we are still in bear market so it was clear that the little rise was a bull trap that many will fall for .its just to be more watchful and not be greedy because things has changed and we should be satisfied with little profit.

Lol.I also accepted similar decision after during pullback to latest pump bar. Random trading also requires to think differently than competitors who are still busy with collecting btc. Hodlers are strong and they will not regret with this decision. Anyway it was nice to see some movement on the markets.

The price going up a few hundred bucks in one single pump doesn't mean anything, it happens all the time, otherwise the bull market would've started months ago. We experienced the same behaviour as the spike in December, a rapid increase from the low 3k's to 4k followed by a big dump, I don't understand why some people thought we were about to enter a new rally.

It seems like we're at the mercy of the whales for the time being, I expect this continue for a very long time.

And here I was actually beginning to thinnk that we were about to take off.
https://twitter.com/WhalePanda/status/1099697367996076034

That was very strange and surprising for me, the downfall itself is normal we see this a lot in Crypto but to happen like this and this fast after a slowly move uptrend that was shocking for me, a dump for almost %15 in less than 5 hours is strange especially there was no real reason behind this.   :'(

Somebody has that huge amount to affect the market.  But I believe, it is just a normal market behavior in crypto. It will still go up as crypto adoption is growing stronger everyday. For everyone, don't lose hope.

As expected before the end of week, a correction was eminent... though I sold of a little earlier at 3900. I hope to perfect the art of buying the low and selling when it's high.

Haha. Very accurate but Maybe a small correction so nothing to worry about and panicking is not good. The dump is not that big so we’re still on a good level. The market will recover again, and I hope this whale will do their best to pump the market.

Thats not what you call a bullish market  but that was a bull trap  . we got trick by a big trap  because the increase ended only in a couple of hourse  . too bad i missed the boat again .


Not bad mate  . 3900 is already better than today price  . thats good because you already decided to sell your coins just before the dump occurs  . tho you cant perfect the art of buy low sell high because the ups and downs of the price dont have limit .

The market can turn up and down thus its not new anymore, its a typical scenario of how crypto works that's why if you see an opportunity to make profit grab it and dont wait longer especially if you're short term trader.

However this is different if you're planning to hold for long period because long term hodler dont mind whatever the current status of the market. There's no need to panic since we have a target price and time frame on when to take profit.

Price drop can happen even less than 5 hours so if you are regretting not selling before it happened dont feel bad, fluctuation is quite normal therefore timing the market and sell once it recover again.

True, I am sure only short term traders will be worried about these kind of quick pump an dump and the long term hodlers will not be bothered about these fluctuations since they have a set target and i personally believe in long term hodl but i will be bit worried if the value of bitcoin goes below the value of $2000 as that's the worst i have imagined could ever happen this year and if things go the right way then bitcoin will see it's highest peak till date because i know some of the big whales have sold huge amount of bitcoin which led to crisis and repurchased it under the substantial price to repeat it again but before they do that the price will rise again for almost a quarter which will bring in a lot of changes in the way market operates if the prediction is true.

I see this is manipulation from whales
I was wary of riding the wave of upswing without a vigorous follow-up
Because the declines occur within a few hours and this is what happened
Even so I see the overall market trend is bullish.

I guess some whale had been looking for an exit and decided to go all at once. If not, then this is definitely market manipulation. A little more green and I'm buying more.

Were not sure for its market manipulation but we simply to think that everything still uncontrollable and any time will experience like these.  We're just surprise to have a sudden drop after a week of green, we can't nothing but to the accept the way it is. And we end up such possibilities that this is whales doings. 

Its quite funny when people are still expecting a bull run in 2019, the Bitcoin market  is gonna fluctuate throughout the year. The market price for Bitcoin will be between $3000 to $5000 throughout this year. Smart investors are those who are gonna make some amount of profit from this fluctuation in the price of Bitcoin. I will advise people spend time observing the trends at which the Bitcoin trading are going at various exchange platforms.

From the beginning the rising is suspicious, from the technical analysis is a bit weird to see the spiking happened, nowadays the mindset of the investors is different, they had learned a hard lesson since 2017 so without a good reason they won't invest, and a little rising could be the sign for them to sell off their coins

The downward movement today has taken most of us by surprise because it was least expected to happen after the few days green ride. But this is not the end, Bitcoin always recovers. Next time, I will try and reduce my greediness level in order to cash out when the market spikes and buy more when it goes down.

A good lesson you learnt. You still no need to wait for a huge hike when you see a sudden spike occured. Just go ahead and sell them off even for a small profit as you will loose more if the price suddenly falls back to earth. Hence, set a minimum profit when ever you are in trading now as the market is such a situation you can not expect a huge profit.

This shows of how crypto currency investment is very risky because the market movement is really unpredictable but still this sudden price fall is might be just temporary too that after couple of days or weeks it will instantly rise up again. Let's wait and see.

i roughly agree with this. but it's important to keep in mind, we haven't shown strong signs of a bottom yet. there has definitely not been any "confirmed" reversal yet.

unfortunately, i think we could still be in a similar period to late 2014: a rally triggers all these hopes and dreams, only to end up crashing much lower a month or two down the road.

You can make your investment now and hope that the prices will increase from now,because remember that whenever something big is going to happen there will be a small fall down on the prices. :D Next time if there is a bump it will break the last bumps high value.

If you were here for a long time you won't be surprised on how the price drop like that. I've seen it many times, taking time in increase but will decrease faster. Also, don't take every rise as a bull run, you will left hoping and never assume of continous rise. There's no such thing. I believe we are still far in having a bull run.

That's crashing it will happened in fast time because people are excited to get some profit so possible why the bitcoin again crash and back again to the price when the price start increasing. But it's not too late for us to pump again bitcoin because we are the investor and we can do it what ever we want. Green market is always we want so everyone will buy bitcoin and keep holding it and never panic selling again it not means you not sell but make sure once you sell not all the bitcoin you have you can divided it.

This was just fist sign. Looking at some old ones in 2013-2015 there were several like this jump with drop in price. Thinking next time need to act fast in sell/buy situation maybe with some proffit but need to pay attention to the charts. Or was this just spike.

wash rinse repeat by the whales. been watching this same scenario for years now. there never has been any liquidity and there never will be on the current trading markets. the only way this stops is if there is someone with deep pockets willing to step up and buy these dumps and force whoever is selling to have buy back at higher prices the next time. wall street has market makers who are willing to risk their own capital to buy stocks for example when there are no buyers or sell shares short when there are no sellers if there is a severe imbalance to keep the markets orderly. Currently whales are uncontested and they know this. Now if they are put on a platform like bakkt and have to trade against institutions they have no chance and I think that will be the game changer, but right now on bitstamp and bitfinex they rule with absolute power, but in time I think this will come to an end. The writing is on the wall and bitfinex and bitstamp will not be where the price of bitcoin will be determined imo. There will be larger more liquid and secure entities that will trade billions each day and would be impossible to ignore. its just a matter of time.

Hodlers cannot be shaken with that sudden fall, because this was just an ultimate test and all your strong faith will be measured through that kind of scenario. If you're weak to handle that kind of situation you can't survive in the long run. Strong traders have long term patience and will not be discourage even though fluctuating market took more roller coaster rides.

As soon as the candles are green, many people immediately think it starts a new bull run. I notice that immediately here in the forum and actually it is bad, if the people just wait for it. Much more important is the steady spread of crypto and that more and more people are using it. People should be hoping and working for something like this. Only that brings crypto forward and no bull run. I can understand the hope for a new bull run and am happy about every bull run, but a real growth would bring us all more.  :)

If you cant bear the losses, you should stop thinking in short-term.

The increase wasn't like in a week neither, look at how it increased there is a huge bump in the price increase as well, maybe it did a small amount of increase afterwards as well but it wasn't a total slowly increase neither, than of course just like how fast it increased it also decreased as well. So, it is unfair to call it a slow 5 days of green ended in 5 hours, its unreasonable and a big lie, the huge increase that happened in an hour was gone in an hour as well, whatever happened in between was just the small movements that had nothing to do with it.

Price of bitcoin will always be moody, it better be in everyone's mind and I hope everyone gets used to it but you will not see a bitcoin that resembles stablecoin, it will always have ups and downs no matter how sad it makes us while going down.

Keep watching the price may increase with the same rate of speed like how it dumped. Actually the price needs to get little dump as well before going for the next step which is the sign to invest for smart people,may I know how about you.

Long holders also knew how to play with any market trends, they can buy and sell while holding much higher value of their tokens, anticipating rise and falls can be learned while also investing in the long process, the sway gives opportunities to investors who wanted to have both long and short positions.

As long as you have strong faith and you have lots of courage and patience, you'll not worried about thinks like this but to keep thinking positively.

That's definitely not any sort of strategy for the future--the price just happened to behave like this and there's no guarantee it'll act the same in the future.  I get the feeling OP is setting himself up to lose more money if he thinks his plan is going to work next time we see a slow gain over a few days, but who knows.

On a positive note, btc is back around $3800 right now, and I'm glad it didn't fall any further than it did.  Could have been much worse.

Interesting move here, and quite an ugly daily candle. I'm not really sure if this is a shakeout, or if that was a legit top. These types of double tops (with long consolidation in between) are rare, but not unheard of.

I'm still betting on the rally continuing but I'm not married to the idea.

This drop is almost guaranteed to have only happened as quick as it did because the correction broke below 4k and hit peoples stop losses...it was to be expected so close to such a psychologically important price. Essentially, with where the price was people should have been waiting for the correction to bounce off of 4k before buying, or at least waiting for the price to get a healthy range away from 4k and retracing before entering.

That small spike of price in crypto is not a new thing in crypto market cap, that's the reason why I didn't expect bullrun will come.
There's no good technical analysis on this because the market will go down or up motion in moving price.

Keep on holding guys and let's just hold our coin for the better future and to avoid panic selling to others.

It was a rejection, nothing more nothing less. I was expecting it to happen before it happened, and it did. Admittedly, it was a large red candle on the daily chart, but it found support at the exact level of the first pump.

What I will be paying attention to is how the Ethereum fork plays out. Bitcoin will definitely mirror Ethereum's move based on what's going to happen there. I would say $4000 test best case scenario for Bitcoin, and $3500 test worst case.

Many who are in your type of deciding when the market start up always end up losing because that is not the best or rational strategy to take expecting profit. Now that the market is down is the best time to invest but many are afraid maybe the market will decline further which may not be so at the end.

There is no price within these bull run recovering days that is not good, $4500 is even a good price, just that every trader into bitcoin should think long time maybe into 2021. Bull run does not mean the sideways wont happen it also give an Idea of how long and strong the market is, is a correcting process.

A vivid look at the chat shows that there maybe further decline because, the support level was breaking except if something good will happen in the market that will make it gather momentum for an upward trend again. The worse could still happen bro.

This is how we have see it yesterday and it was very surprised to me.  Bitcoin lose around $300 in just an hour and it very difficult for people to take little profits from the pump we ensure of lately.  I think we just need to be able to endure with this market in other to be able to make profits.

I don't think it will appropriate to refer to the recent increase in the market value of Bitcoin as pump as you right put it. I see it as a normal increase which could be attributed to some good news that has happened to Bitcoin in the couples of days/week back.

Im shocked yesterday when I saw the dumping market again almost $300 the value that decreased of the bitcoin. From $4100 to the $3700 plus and we don't know that happened in the short period of time that's I don't like happening in the market after waiting longtime the value of it decreased fast.

We are far away from being completely happy, you should've sold them wile you have the chance. But still if you are willing to hold more onto it there might be some green days to come, I hope it will just be a minor push back.

If you see the market movement chart of 2016 then you will see that when the market bottomout the market started to move up and then it will go down half, like if the market is up 10% then the market will correct 5% and then same way it will go up. So i think this correction is expected as market moved up 30% and it was knowing that short term traders will take profit. If this movement goes same then we can see next up market moving above 4500+. so dont be sad of market going down, always buy when market is down and sell when it is moving up.

indeed, price movements in 2016 can be said like that but you must know the price movements that occur in 2018 and 2019 will not be like that, the price movements will be different from year to year and no one can predict the price movements of bitcoin.

Hardly the next time Bitcoin will behave in a similar way to use the strategy you specified for the period of its sale. However, in general, this is a good tactic. Now bitcoin is unlikely to be able to rise for a long time in its price and therefore it is possible to use its price surges. However, it is better to do this in parts, so the risk will be less.

I too am clueless since there seem to be no big news that caused it but maybe it's just people trying to exit when they saw a slight increase?

Me I'll be waiting for 6k, I just don't know how long I'll have to wait.

I can celebrate with you mate coz i also planned to buy again and just waiting fore $4,500 mark before putting another investment
Lucky that after an hour the prices drops again

And you’re right that this is another strategic experience for us whos eager to re enter the market again

No doubt that small spike price will go down after that, probably they want quick profit instead of waiting for the right time to sell. Well, we can't blame them because they are not real crypto enthusiast they didn't know the real mean of blockchain technology. Yes, patiently wait the right time is the key to having a huge profit. Do not do panic selling.

most people who know cryptocurrency only think of cryptocurrency as a place to trade and a place to make huge profits so that when their thoughts about cryptocurrency and blockchain technology are wrong then they will be very difficult to be able to benefit from it.

@OP: Didn't the last period of "stability" around 6k teach you anything?

1. People think lack of activity means consolidation and consolidation means we're preparing for a bull run.
2. People think markets react to good news like JPMcoin (I still can't believe they took credit for last week).

Market does what it wants, recovery and bull talk... that's best left alone till we clear out all the hype. I know, hard to believe but yes, still too much hype floating around.

I'm honestly starting to believe this space is manipulated. Only in crypto does the market move up some points in a couple days only to crash down.

I'm glad I have a friend here, lol.
I also believe that market is manipulated, crypto can go up and down anytime, even without any reason.
That's what whales do, they can create hype and FUD and they will do the opposite on what we believe, just look at the recent pump, it ended up with
a sudden pump, when it was pumping, people are already believing their dreams will com true but it did remain a dream until now.

This is probably because there are some whales with big stash playing the market (pump&dump).
The more people in Bitcoin the more Bitcoin will be in circulation instead of in the hands of whales.
The more spread out the less influence a whale can have.
The less influence whales have the more stable Bitcoin will become.

Metaphore: Currently it is like whales have 1000 trillion on their bank account to play around with. This causes volatility.

This is always happening in our market now. We dont know if it is just the bulls or just a normal pump. The value always pumps up for as long as a week then goes back to its marginal price. This is why the price are observed within a month because even a week is not reliable. Dont worry, this is just an implication of a healthy market.

This has probably happened many times from few months, the price goes up and comes down very soon. That's the reason experts prefer for long-term investment. So that you cannot always see the price status and do not hesitate everytime.

Yes. A sudden fall from $4150 to $3700 disappointed so many as everyone was holding thinking that the value will more go up. But one of my friend said, he exchanged  his bitcoin when it as $4000 and around. A good sign though. The growth trend is really welcoming. Hope to see a bull run in coming days.

The invisible hand is strong!

I'd suggest anyone who is amazed from such price actions to follow this guy on Twitter: https://twitter.com/Super_Crypto
Well... if you're refusing any manipulation, illuminati existence and cartels then you'll hate him... other than that he makes good sense.

This is not new and has also happened before as well. SO nothing to worry as such. Yes at times it does happen that rise is quite slow than the fall . But also one must understand that it falls before people are selling else it would have not fallen. So we are not in sysc as such and if all hold the coins market will continue to rise only and grow in coming time.

Many was disappointed because they started to celebrate too early thinking that bull run has started. That only shows how they didn't learn anything from the similar situations in the past and that they forget how the Bitcoin is functioning and volatility means. Nothing that happened with the price wasn't a surprise, it's just another lesson how it's not clever to make premature conclusions and especialy not to make decisions based on them.

Except ones who sold on that peak, like me. I`m not disappointed, I`m waiting to buy again. I`m guessing price will go to 3500-3700 before we see another rise, so I will buy again at that levels. I`m not disappointed cause I didn`t expect higher price, I sold at 4100 and I was waiting to see what will price do, I never sell all at once, just part of it, I left something to sell if price rise more, but it didn`t, now I`m waiting price for buying again. When you wish to trade with bitcoins you need to expect unexpected, and to be ready for it, what`s more important.

This is a good time for those who speculate, bear in mind that the price may be rising again without volume, which means that the offer is being eliminated, you can look for a new range, maybe 4k to 5k, where there will be setbacks because they need to take profit, we are in accumulation, it is normal for these movements to occur.

why not keep holding?  Indeed the price still holding above 3k and probably will stay until it makes another increase again.  So stop worrying  and  lesson learned. avoid being greedy next time which always invest what amount you can afford to lose to prevent regrets. bear it on your mind mate!

Taking the current situation, i would say, the green has started back again today. We have values of all coins including bitoin keep growing. The growth is really welcoming. There might be a fall again in few days. But this is how it is and this is what its nature, hence as a trader or bitcoin user has to accept the fact the crypto is.

The very volatile nature of cryptocurrency is what makes the traders gain more profit, no matter what the market condition is, whether in a bearish or bull run. For the long term hodler, the price might be very stressing. So, I guess these people should take a break for a while, while the market is suffering from long bearish run.

This had been always the properties of crypto which is way too volatile and it can break anyones expectation or analysis on an instant.As an investor or a trader
you would really need to be smart and somehow a mix of luck to be profitable with these short duration price movements with BTC.If you do able to cope up then you profit
if not then you would be caught up with the dump.

Trading will always play like this if you miss a single hour of your life in this market. We all have different style on making money, maybe he’s a trader and I feel sorry for them. I also believe on the possible profit that we can get when we just hold on bitcoin, its inevitable and profit will happen no matter what. If you can’t take the volatility anymore, then stop trading try to hold.

Some people think its slow, but its not, its that they dont have patience, and thats very important in cryptocurrencies, with bitcoin especially. When I get into some trade and price decline instead going up, I make a decision to hold or to cut loses. It`s not that difficult, if you believe you hold, if you dont believe you sell and you cut loses. I believe in bitcoin and some other cryptocurrencies, I never cut loses with coins I believe in, I let them lay somewhere and wait for moment.