Bitcoin Forum

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again?  ;D anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

In the current crypto market, with the halving of the price of bitcoin, the volatility is too great and is not suitable for short-term operations, otherwise it may get off the bus. Unable to buy at low prices. Therefore, it is currently suitable for holding coins, not for short-term operations. I wonder if you and I are the same? Wait until half a year later.

The halving HYPE is too strong and it's working perfectly on bitcoin price for now at least, we might actually not see price declining again, i am holding some USDT as well, i thought i was smart but i was wrong

I don't think if there are being 'trapped' in trading.

Because as I believe; preserving capital is good. Like there are still more opportunities will come to find another good entry and there are a lot of pairs in particular exchange, you can conduct your technical analysis on some and analyze it if that is a good entry.

And also what trapped in trading for me, is you didn't set your stop-loss and you already lot of losses and decided to wait to break-even your trade even or minimize the losses but it still falling and your losses still increasing.

That's not a gamble mate. I think trading is risky and we can't predict what would be the market outcome. As you can see some traders, knows where to sell and where to buy during this kind of volatility. But the price range of course isn't far than maybe what youre expecting. Right now btc price playing around 9k to 9.3k and the support is very strong on 9k level already. We dont know if some whales will play this to let it dump below that range. I suggest you just hold it if youre not the type of trading to ease your pain.

Not only you many of the people involved in cryptocurrency do the same. As the crypto market is highly volatile, traders and investors are well aware that their investment may sink anytime. So it is the best option to convert your coins into stable coins so you can trade safely. But sadly for me, I have not done it so far as I do not have enough worth of coins.

I am also one of them. But I was a trap with alts and I didn't go up. I sell all my token with 60% loss as I can remember. :'(

Thinking it will go up, but not all to sure. Thought it was going to drop one last time but then reversed. Which isnt bad at all. Just means more money for those that are hodling. Right!

If you cannot keep up then you should stop trading, trading takes a lot of time and money you should just buy and hodl coins that are worth investing because the price is moving up, although this is the best time to trade if you cannot keep up with the time of studying the chart then go for this strategy of buying coins with good potential.

You are on safer side if you have your stable coin, we can't predict what will happen in February next month and i still have strong feeling that this uptrend won't last that long, though it might recover too but some will take the advantage of the bullish price

I think you did OK... but if I were you, I would sell only a part of my holding for stablecoin and  leave the remaining part... so that if the price keeps rising, I will gain from my Bitcoin holding but if it dips, I will probably sell half of my stablecoin holding for more Bitcoin. If price dips again, I will sell my stablecoin for Bitcoin. If Bitcoin goes up I sell some for stablecoin. You could automate this, I guess.

I guess its normal when you are doing trading that was also my problem before but thanks I was overcome it, normally when buying some coins/tokens you wait until the price becomes more profitable as you think but sometimes you missed the pump that's why you are now trapped with that price, and you are hoping that the price will back to that point but it's not, in Bitcoin price my opinion is I believe that bitcoin price will stabilize in the present territory and it will not dip more.

You need to wait till the end of the coronavirus outbreak. Price should go back to $8k after that. But before it can go way higher than the current price,  it can reach $11k or even $12k in my opinion. I don't hope to see that because it would mean the outbreak is really serious. Good luck.

this situation is the best time to trade because bitcoin price was jumped over this week, its very good to grab some cheap altcoin to trade, its because when bitcoin price are high, the value of satoshi that you bought altcoin will rise to. no one is trapped i think, because its really best time to trade and make some profit from this bear market situation, if i had more capital to trade, i would like to trade it more.

That's why trading is so risky, you miss more of the large upsides then you do sniping little wins here and there.  Incrementally buy back in.  Can it fall yeah can it go to 20k yep...dont completely miss out

have you ever seen the "big green dildos" on the charts before? that is when price suddenly shoots up $2000 in half an hour. that means you are not alone in making this mistake. there are lots of others who make the mistake of selling during a rise and waiting for the price to drop so that they can correct their mistake. then as price keeps going up they eventually give up waiting and do a FOMO buy hence causing the sharp rise.

Part of my holdings comes from my trapped amount wayback 2018 when the market suddenly fall badly ,thinking it will recover again i tend to keep on holding but the sad part is?MArket continues to fall until my funds fall more things that i cannot handle to sell off.
Lucky that in the beginning of 2019 when bitcoin down to 3k$ level then i took advantage and buy half of our family savings,and my family are now happy because of what we are having ,i am planning now to send back our savings and just let my bitcoins until this year end or in the first quarter of 2021.

I've been into that situation before but when I have already noticed that whenever I trade, I've decided to simply hold it until I can. There's no stress, there is no worry if the price will fall back because I can just buy back again with my extra cash.

Use that experience as part of your lesson in trading so that you will not commit it again in the future. This is the very reason why many are telling to HODL ever since but only a few people have listened.

Do you sell it when bitcoin goes down? indeed the price is now quite satisfactory for traders who hold Bitcoin, I myself sold it yesterday when at $ 9200, surely the price will go down again maybe correction, keep calm

There is a lot of buying orders at 9,2k, 9k, 8,8k... I think we won't see a big pullback. I would like to, because I want to buy a bit more, but not sure if I should just go in at 9,2k or get a bit greedy and wait if we can buy at 8,5-8k, risking to be forced to buy at 10500.

This might mean either of the two or both which is you have seen the best of bitcoin when it traded at its highest price or experienced it's high volatility and just feels like you trading Boom and Crash and any second a spike can happen :) and hoping for a crash to enter the market with a buy. #Trading_Secrets

I'm sure majority of us here had experience the those traps specially when you are a beginner. So it's either you sell get a loss, learn from that lesson or just hold and hope that everything will turn out right.


If you are talking about BTC price, we can't really say it the price is going to keep on surging. We still haven't seen 5 digits again, so that will be the first hurdle for now. You just stay relax, if I'm in your shoes I will just HODL for now and buy during dips, easy peasy.

With the Bitcoin halving comes near, the investors are thinking that the price will continues to rise.

You are invested into a stable coin right now. Well congrats :D. Do some technical analysis this time. If you see that the indicators are telling that it will continue to rise, make a stop loss already. Now if you have the guts to hold your stable coin then do it or you can just average down if you want. I assume that you are not a beginner in trading ;).

Was it a panic sell? Because I can't find a reason why you sold all of your coins or tokens at a 60% loss. I am sure the coins you would be holding would be some of the shitcoins which can never grow up but you should HODL some coins which have the potential to grow up again. Selling them in loss would never be beneficial for you so why not try to luck and hold those coins?

Even I was been trapped in bullish or bearish traps many times but I never sold my coins in loss as I do not even have any of the shitcoins in my portfolio. All of the coins I am holding are potential and can grow back again no matter how hard dump they face and hence this does never allow me to panic sell those coins.

Many of us at least once had the feeling they are trapped. Some reckless decision, bad choices or circumstances can lead to that and that is the reason why every trader needs to have exit strategy or better to say a back up.
But that is necessary even before you start.trading, you need to know what are the risks and consequences and can you deal with that. Don't ever trade with attitude that things will set up somehow because they often don't and once you face the loss bigger than you can take you might be in big trouble.

That's part of the trading experience, anticipating what would be the scenarios.

There is no perfect trader. Even professionals and so-called trading gurus still making mistakes. What matters here is, you are learning with those and as you progress, you are now minimizing your errors and wrong call.

Now for the last question, will the price fall again or just keeps surging? You can answer that by yourself.

That's easier said than done, If I recall a lot of new investors begins with that kind of mindset, but end up losing on the latter.
Anyway, not all of them failed, there were also those who succeed and familiarized the market movements. What's important btw, is how an investor will set his buying options and selling options.

Should it be so bad that if bitcoin exchange does not fall again there won't be way forward? Even at this time you can still buy and sell profitably. Our predictions are not always accurate, we just have to be smart and make the best use of every moment. The price may still come lower but as low and frequent as the late last year, approaching the halving we expect more pump.you are adding to your experience.

You should ever go full retard. Never sell all Bitcoin, always keep some. What if when you see all we have huge run to $300.000? What you will do then?  Yes play a bit but have no Bitcoin at all, although you know Bitcoin will change financial world, is just fatally dumb. What you will tell your grandsons 30 years form now? I was there when all happened. I sold all. LOL

I know how it feels to be left behind where you hope that the price tanks hard so that you can finally load up on Bitcoin, but waiting for the price to tank isn't a good way to deal with this situation.

It's better to use 25% of what you have in stablecoins to buy Bitcoin so that you at least have a decent position in case the price doesn't go down but only heads higher, which currently is the more likely outcome.

The market has given enough signals that it is ready for a trend reversal. People often think that there are sellers lined up to sell whenever they have a chance, but that's not the case. This is a buyers market. Don't short it.

This is why trading is hard, you need to be able to forget yesterday and whether you made a loss or gain.   How can you make a good trade today while carrying around the baggage of yesterday.     You are considering you must buy because you previously missed the lower prices, by the time you are given the opportunity to buy lower it may well be within a declining pattern which means you are not gaining by buying at that moment.
    A good trader takes the hit and carries on anyway at full strength, if it was really that easy everyone would be doing it.   In fact only about 1% of the general population can realisitically expect to realise a proper trading record and demostrate finess, most people jump on a boat and hope it doesnt sink before they can exit.
   How I handle it is to consider multiple time frames and dont add or enter into large positions.  So consider if you want to hold BTC for the next year or five years even.   Then might trade your long term positions and speculate on your large portfolio rather then an outright hope to go full weight to nothing without losing balance.

I would say that majority of traders whether you are a beginner or a veteran in trading, one time or another you will be trapped because crypto market is a whole different ballgame. No one can predict the price as it is based on supply and demand and the sentiments of the crowd.


Stable coin are a good hedge for price swing, but I wouldn't practice that strategy, maybe you can try dollar cost averaging (DCA). As for your question regarding the price, again, there's no expert here, no one has the crystal ball to see what the future price will be. It's up to you to monitor and make the final decision.

Most likely where it is right now it will pullback, maybe to mid $8000 or so. However if it goes above $10K, then you should just buy it back at a loss because its a confirmed higher high on the weekly and we might be headed to the $13.8K and $20K areas respectivately, whether this is a halving move or not its pretty bullish.

However we need to engulf that entire Xi pump because we can still go back to the $6400 area and even retest the large right shoulder which is around $5500 or so. Everyone is too bullish right now which is never a good thing.

So you aren't exactly trapped because you can always exit, even at a loss. Better a smaller loss than a larger loss.

Actually we cannot tell on what will be the decision individually since we cannot hold what they up on their minds but actually if they plant in their minds that there is something good coming by this year since halving is coming up for sure people will not choose to short their trades but since the stigma of the past bearish hunts them maybe that's the best thing they can do atleast many of us can recover since I myself doing some short trades as of this days.

Predicting the current markets is really getting a tougher task. The markets are being most volatile and also most of my research went in vain after I saw the price moving in an opposite direction. I was trading on futures platforms and price going in opposite direction made all of my coins get liquidated. This usually gave me some loss but I am yet looking to recover the loss and step myself into profits.

Leverage trading might be much riskier in the current markets but as you said, you holding a stable coin would be better to quickly accumulate onto bitcoins if you find a good dip. I fear the price would not move below $8500 considering the current market situations so you should better find a entry point somewhat close to it.

Current resistance might be something near $9600 and support might lay down between $8500 to $8700. Price is already been traded on a bullish sign which makes most of the people bullish right now. Market showing good growth would also break the resistance and would straightly pump towards the next target which would be above $10,000 and it might than bring the start to the bullish markets after years.

Last time we experienced a bull run was in the mid 2017 and this year we could expect even greater bull runs than we previously experienced by studying the market phenomenon and this is what makes most of the investors invest in bitcoins to participate into the bull runs. Even OP might be holding some stable coins in order to participate into the bull runs but entry point should be appropriate in order to minimize your loss and maximize profits.

Trapped on top or on a lower price? If you bought during the cheaper price then you have the profit now, but if you do bought during the peak price then you should not hope for a more dump because you’ll lose money. Traders must be more active (referring on a day trading) so they won’t miss the chance to sell on peak and buy on dump, you can always trade depends on your trading risk.

no you dont need to be confuse when trading because being confused only makes it hard for you to decide if will you buy or sell  . being a trader means you enter a verry risky business that once you decide , there is no way of coming back or returning  . win or loose  , you are only going to embrace the results  . and you said you have stable coin and you are waiting  ? i thought stable coins are stable and have a fix price ,  what are you waiting at  ? and  why do you pick a stable as a trading asset   ?

So you do mean on getting caught on a particular price movement? You arent the only one but most trader had definitely experience this thing.

When you are avoiding volatility then switching to stable coin is ideal and when the time you do make some long position then profitability will
vary on traders decision. Not all would have the same mindset on when they would get in into the market.

Shit happens, and it does happen a lot for all the traders specially now that pairs used is with stable coins.
Unlike before where you are waiting for the alts to grow after selling your bitcoin.
Now, you do nothing after selling it.
Will you wait or will you look for another option?  ;D

There are a lot of big whales which are waiting to diversify their holdings and also most of them are waiting for a dip to enter bitcoins. This might perhaps bring the price for bitcoins a bit down before they could experience a pump but yes, there would be a lot of buy orders which would directly pump the price for bitcoins.

The charts already are showing us some signs of the bullish trends and this is what makes the big whales accumulate onto the markets. Once the big whales accumulate on the certain price, we could experience a greater price growth in the coming times which might even trigger the bull runs. Even shorting in this market might be good if we find some dips and peaks in short term trading which might even give us stable profits.

Move this thread to trading disscussion because it's worthy to be there if your concern is trading.

First of all, you have to make an analyst by yourself. I mean, you will understand what price that will be touch by bitcoin later. And as a trader you should have this strategy because it is a benchmark you will get profit or lose.

But if you intend to choose long term trade then I think you can buy bitcoin at anytime price moreover with this current situation when the sentiment market is good. Even you will be fine as well when bitcoin price is fall because you just need to change your strategy to be a holder.

If you aren't able to catch the cheap price before it soars high, it will be sorry by then. You are just wasting your time if you keep waiting for it to turn back down again. I could suggest that you better find another coin or just make some additions to your Stable coins since you are still holding it by now.
You shouldn't have to trap yourself because you mess something, why not to trust another coin that shows a good market reputation. Or you'll have to take the current price it has today. Nothing could be wrong with that provided that certain coin isn't played by hypes.

Exactly what we must do if the trust for crypto is in our thoughts,for those newbie here maybe they did not experience the massive bullrun of 2017 but for us who witnessed the hype?No we always have this idea that market can go forward and grow up to more than we could expect.
The $20k value we saw in the end of December 2017 is the proof how crypto market can be and specially to bitcoin in whos the majority of investments is on this side.
No wonder what people who sold all their bitcoin in 4 digits will feel if they saw the 5-6 digits value?or what about the 7 digits that McAfee has been predicted?

Looking at the price the drawback doesn't seem like going to happen anytime soon, the support is getting more and more powerful each day and that means the drop would be very difficult as well, previously the latest support was around $7k levels, nowadays its around $8.3k levels which is still a decent fall and that is bad but now we are building support even higher as well, that means even if there is a drop it may be small and if the drop doesn't happen that means we will go even further with the mindset of "if its not going down, it will go up so I should buy more" and when you think like that the price goes up anyway.

So, I see the price going up even further, even if there is a small fall in the end we will end up higher at the end of this month for sure.

I am one of them too ;D

Having stable coin is another way to prepare to buy bitcoin when it is down. I am sure that the bitcoin price will not just increase, but it will decrease too, and usually, after the price can increase, in the next moment or next day, the price will fall to the lower price. Bitcoin price will always be like that, so if you want to buy bitcoin, you need to wait for a while until the bitcoin price can go down, and you can get bitcoin at a lower price.

But if you already have bitcoin by buying in some range of the price, and you are afraid of the price will go down in the next hours, you can sell it for some amount to wait for buying at another lower price, or you can hold it for more. Bitcoin prices will not stay forever at a low price or high price, but the price will always volatile. Unfortunately, we don't know where bitcoin prices will move, and we can only predict what will happen in the next hours.

I think that is not so simple to predict exactly how the market will behave. I'm sure that there will be both unexpected ups and downs. But in general, I think that the market will go up over the next half year. Therefore, we need to prepare for this (but we also need to understand that everything can go wrong).

The hype is indeed very strong now and it shows positively on bitcoin's price in the past days and hopefully, it will continue to surge in the coming days. Though we still don't know for sure because something might happen that can lower the price but I just think it'll be within the $8,500 - $9000 if in case it will go down. For me the price now is very good and in fact, I'm having profits little by little.

Yes, many people do get that feeling of trapped when price goes up and they are not in bitcoin at that moment, the people who bought already bought and holders are holding, so reality is people do not really know what to do when they are at stablecoins and they see bitcoin going up.

If you buy right now, it may not continue that upward trend and may start to go down, nobody knows if it will do that or not. On top of that if you do not buy and it goes even further high, you missed the first chance but you will miss the second chance as well. So all in all whatever you do in this scenario, its very risky and you will miss something out if you just keep on watching without doing anything. Hopefully we will find a price that we are willing to go in and then it goes up.

So you converted your coins in USD thinking bitcoin will fall again. At which price did you convert them in usd ?
Bitcoin will not always fall. You should know the resistance and support for bitcoin and only then convert the coins. Without proper analysis, you will be stuck by making wrong decision.

If you feel like this, I would say you stop trading for a while and start learning the price chart. If you are able to read the price chart perfectly then you will know when to convert into USDT and when to in Bitcoin. You may try with the Cryptowhale bot in telegram with the /ch command to look at the price chart very easily but deeply, I believe that will be helpful for you as a beginner and keep learning the trade. Good Luck.

And it feels that OP needs space for him to realize and think deeply in order to have a bright decision and to have a simple plan about his funds. To farther enhance his trading capabilities, it is better also to take time to follow the steps or whatever successful traders have been done before. Becoming a trader isn't perfectly made simple, and yet losses are always a part of it. But we don't give up and won't stop learning, we gonna surpass these struggles and difficulties that we've facing. And the most thing is that we know our limitations.

In your statement, seems like that is easy to do. Converting your coins to USD anytime when we reach support and resistance, there's a lot of supports and resistance in different timeframes and for sure that's difficult to spot. Even professional traders are having hard time where is the supports and resistance.

Although you can make profits by trading within supports and resistance, and you know that is also important in trading, most of the traders should know to identify supports and resistance BUT still, you can't guaranteed.
That's why we still need more things in trading, like the stop-loss, risk reward ratio/risk management etc.

That's why many people suggest to buy more on the last year because that's good opportunity to buy cheap bitcoin and during this rally i think it's very normal if you fear to buy because there are the risks after buy the price will down and you lost your money but usually instead of fear to buy again while uptrend there are small corrections for the price itself so it could be the right time to buy

You are not the only one, bro. I have always experienced the same before hoping that my coins will still go up the way I am expecting it to be but rather, it went down and hard to pump or recover. I have learned my lesson now. So, what I usually do is to step a stop loss price for example in Binance if my coin reaches down to 3-5 %then that is the time I am going to sell if. At least, it saves up my big loss and even get out of the trap immediately.

Bitcoin price in the present is steadily increasing and would continuously increase in this year. It survived the $8,000 struggle last year and I think it would not fall again into that price.

Trading sure is hard especially when dealing with crypto currency that are volatile that its price would increase and decrease anytime. Patience is also a key here in trading, so be sure to wait for the right time to trade your asset bro.

I am strongly linked with trading but I can't say that I am trapped in trading. But, actually I love trading and I am actively filling profits from leverage trading even in the bearish signs of the bull markets. This is what makes me more interested in trading and I am spending most of my day in speculating the graphs.

I do hold some stable coins like the USDT in order to buy bitcoins at the correct dip which I can never afford missing and hence I feel like it is a must for each of the trader to hold some stable coins which would help them to enter bitcoins at an approx price. Prices for bitcoin markets might feel like they are surging but they can never be trusted upon. Markets might show us great movement ahead but we need to predict the direction of the movement.

I think Bitcoin will go a couple more times under $9k before it takes off. Now $10k is close, it wouldn't be strange for the price to check that high levels before it drops back under $9k. In my opinion if Bitcoin crosses $10k that will be a good signal for selling, if it goes under $9k it will be a good signal for buying.

It's either of the two suring or dumping. But as we notice the current market flows, it eventually changes into a positive outlook that bitcoin price may surge high instead of getting down IMO. I believe halving has a huge market impact and yet, it is already been noticeable at this time. It could be more pumps maybe will occur as we are getting close on that launch date.

Well, its either be this year is bullish or bearish again and still, we have to accept the reality. Crypto isn't controlled by someone and prices may varies depending on the market demand and supply.