Bitcoin Forum

Hey fellows,

Just a reminder. Take caution to unstable market.
If you see that the crypto market is too volatile to predict, then you should immediately stop trading.

I lost a hefty share of my precious cryptos in the past few days as the market was very irregular and I couldn't give my undivided attention to the market trends constantly. So, if you are like me, unable to commit each and every second, I'd advice you to wait for the market to reach its normalcy. And then, you can start trading.

Good luck.

Viketo Sumi (Armani123)

It may be a good advice, but to say it more generally, do not let emotions control your decisions and if you do not have a plan and strategy for trading then do not trade.
When markets are volatile and all stocks are green, this means that it is a season to watch investments succeed and withdraw them into dollars, not a season to start trading, wait until it becomes red and everyone does not want to invest, it is the ideal time.

Note: Many Cryptocurrency are pump/dump coins so avoid it.

How can you say that it would be normal? Or the feeling that sense of "normalcy"? It has always been a volatile market and you can never predict it 100%.

What did you do? Did you try doing futures or margin trading? It's quite hard to do those things if you are unable to completely understand what you are doing. You don't need to be on the monitor all the time. You just need to be set with the correct rules, etc.

First, this should on Trading or speculation board and shouldnt be placed on Marketplace and op you should move it then.

About on topic on caution of this unstable market then i would like to ask is on when this market had been able to be stable in the first place?
As  a trader then you should know on when to trade and when to skip out and this will vary on someones experience and knowledge
towards the market and this one involves emotional aspect too..

Man i think if you are a trader you know the basic rules and know in sometimes you dont have to trade nothing.
A lot of times less is more.

But when does the market became normal? market is so sketchy due to volatility that's why its hard to tell if we are placing in best position. But what can I advice you is to avoid those tokens for a while since most of this are the one who's easily to be manipulated and hard to recover once it will dump badly. Go with the coins who's been established for so many years since as of now they are the one pumping crazily now and also you can assure that this have greater chances to shoot up after some unfortunate dumps happen.

Start to look those coins at the top of the coinmarketcap since those are more ideal crypto to trade.

The unstable market is the place to actually make money. But if you are going FOMO then you will lose money and that truth is most people get into FOMO. For example, buying bitcoin now because Elon Musk bought some is being FOMO. But selling now is the wise choice.

I would like to question how long you have been trading?

Seems too much of a workload the way you put in. That is not trading per se, that is analyzing the market without knowing what to do. You dont need to see trends every second - that is needed for day traders and for leverage trading, both of which are doing to increase your mental pressure and should be avoided to keep money safe.

Either way if you think its too much for you, you should stop trading. Still buying low and selling high, holding during the middle is a profitable process if you know how to enter and exit.

---

PS. Thread should be moved to the proper section.

FYI, cryptocurrency market never been predictable and constantly moving so if you are not ready to face such risky condition then you should stop it. And my friendly advice for traders when they can't able to predict the market movement with any of the technical analysis strategies then simply let the cryptos in your wallet itself for a while so you can make profits or loss which depends on your luck.

It is HODLING that's always the best strategy in this unstable market. If you have the patience and doing effortless waiting, you shall see the returns that you deserve once the market goes in the favor of what you're aiming for.

The Crypto market will always remain to be as volatile as it is. This isn't for the fainted heart that can't take a risk and don't like the wavy attitude that we used to know from the beginning.

Cryptocurrency market is volatile on the first place  ::) ::) ::)

Remember if you always afraid for the volatility you will not earn anything, that's why for me its still good to risk but better have plan on your trade and stick with it also you should know on how to manage the risk so that you will not end up chasing and immediately you can decide on when to stop and accumulate again.

But the problem is, how you will determine the "normalcy" as what you've said.  The Crypto market has been volatile since then and you can't ever predict where the price goes.  And also, in which price we consider we're in normalcy stage situation of Bitcoin price, AFAIK, it's unpredictable and very volatile in the market, for sure you didn't determine where the price goes on.

As a trader, they must choose high volatility compared to low volatility, high volatility is very risky but it might be also high chances of gaining profit.  There's no need to worry about volatility if you know how to manage, your self and emotion.

This market is for risk takers and if you are indeed afraid of losing in short span of time then this place wasnt for you and better stick into those traditional markets that
we've known.

One of the best things on why people do jump in into this market because of moving price.They wont be really making big time profits if its not really because of volatility.

It all matters with risk taking because if you are afraid on taking risk then expect that you wont really be earning something.