Bitcoin Forum

Traders should constantly stay optimistic, despite the crypto market's extreme volatility. Many of us advise that we should not enter any fresh trades in light of the present market condition, but I disagree. I believe this is the best moment to invest in any solid assets. The distinction between blue whales and regular investors is that when the market is dumped, we don't enter fresh trades until blue whales purchase, and when we deserve to buy, it's when they sold. I'm curious as to your thoughts on the matter.

The question is..

How you would determine on when those whales would make out their purchase? This is the hardest thing for you to look on here on this market.

Being optimistic is a must but on the sense for it to be at least realistic because if you do expect that much then when the market had gone to opposite path then that would create frustration.

There are lots of viable sources and tuts or guides on how to start a trade even though it isnt that precise but at least you do really gain up some idea.

For me, I am not entering trading lately. I just sold my Bitcoin for USDT and holding it for another opportunity to buy in dip. Although we don't know where is dip, waiting for the point where I sold it. Regarding altcoin trading, I think it's quite risky now. The market is quite volatile, there is a chance to drop altcoin at any time if in case Bitcoin starts to downtrend. And as we can see Bitcoin already moving down slowly. So better observe the market for few days. It's just my thoughts, not a suggestion at all. Take your own decision for trading since it's a financial decision.

Regular investors often get in FOMO a way different from how these whales acted on the market situation. Starting a trade like this time, it is a high risk considering that the price market is already in the hype.

I sell my crypto in the past few days and the only I have now is BUSD. I'm currently waiting for the dip again to make another buying opportunity and honestly, we should need to be patient as we never know when it comes. That is why I keep checking on the market in order not to miss it and this might really be hard if you are not a full time trader.

The truth is that everyone must start somewhere and I find the current market conditions to be good enough in order to do so, after all even if we are seeing a small reduction in the price today at the same time it is not really significant and I do no think that we are going to see the price of bitcoin going below 40k anytime soon, so this is a good moment to invest in which there is not a lot of downside potential but the upward potential is massive.

Well your conclusion is right, this will have surely a reduction right after the resistance occurs. Bitcoin does not have a straight upward position, there is always be a downside too. So it was expected that Bitcoin price will collapse or have a short correction and right after it will surge back again. So trading into altcoins is very risky but there is a potential that you could be ear profit, I hold some XRP and I never expect that the price come back to the $1 up recently. SO there is a chance it will grow up more.