Bitcoin Forum

We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.


I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).


What's your idea about that?

Using long and short positions when confident that the prices will move a certain way isn't really anything new, and is being done for a while now. But yea, it could be profitable if you could actually do it correctly, but it's been shown time and time again that most people aren't built for trading. It's going to be completely up to you to prove if you're actually better than most people or not.

This is my idea, one thing about bitcoin is that ATH is what that will later happen, it depends on how early you want to make use of your money, know that I am not talking about other cryptocurrencies but only bitcoin because other cryptocurrencies can give you opposite result, many altcoins are shitcoins.

If someone needs his money very early, it is good now to convert his bitcoin to fiat and use it, but if the person have altcoins, he can still consider to make use of altcoins for the fiat and use it for what he wants to use it for. But if the person is not using money for anything and can hold for more years to come, this will be the best to do, to hold regardless of the market situation, bitcoin price will again and again get to ATH.

I knew some people who have profited with the dump during the 2017-2018 bull run and amassed big profits, and they have probably made a lot more with the current trend that we are in now. Back then, I wasn't looking at the bigger picture and understand why it's happening now, but now at least you will be looking ahead instead of just a couple of steps. Look at cryptocurrency now; it's big.

Do you think it will get back to that level soon? If you can time that, good for you. For me, it's going to be the long run.

If you can do it right then use that knowledge to make a profit out of it. You don't look like the type who is doubting himself and that is your first step with taking advantage of the bull market. Buy the dip and sell it if there's a chance. I think that's why this is in the trading discussion for that purpose and not in other sections of the forum.
There are hardcore holders who won't agree with the method but we have our own ways if we are impatient on waiting for the bubble to explode.

Using a method that you understand and taking advantage of the market situation to make a profit and being more careful from the arrival of a bear market is a good decision. When all can control decisions, it will not harm you and your finances. As long as the market provides an opening for you to enter, do some shorts that can be taken back in no time. However, most of these trades are of greater consequence and not worth the gain.

We're worried because we know what has happened during 2017-2018. A long bear market but it seems too quick.

I wouldn't mind thinking about worrying the next bear market and would be focused only at the current market that we're having. It's been a year since the start of this bull run.

It may end anytime soon but as long as the momentum is there, you take that chance.

We can't be sure until the year 2140 pops in and the last bit is mined by the miners. The bubble will surely last until then we are safe or either most of us will be buried and burnt somewhere at the corner of morgue. Lolz. So lets think about the current cycle may be for next 40 years on an average we all be trading it. Until then I dont see any problem. May be most of the countries would have supported the bitcoin legally, may be by this time StarLink is active and we are able to send and receive the bitcoin from every corner of the world. May be this will increase the bitcoin value enormously and its already trading at 1 bitcoin equal to hundred thousand USD or more. There are multi-bubble theories for this. I would say lets focus on the current times and keep gaining as much profits we could!

I don't know if everyone noticed it but a bubble is also an opportunity when you expect the price won't get down you might lose your will to hodl but instead you sell it to recover at least small amount of your losses. But in Bitcoin, it's different when there's a bull run you can sell some to make some profit and when there's a bearish market you accumulate first and hodl until the price goes bull run. That's how investors/traders do it, they wait for the opportunity. But sadly, some of them are too greedy, they tend to that when there's a time to get the profit they hodl instead of taking some profit and mostly ended up losing more instead.

I am  definitely in agreement with the fact that the bubble will burst at some point, what is unknown is when! But I believe short bitcoin at this time is self defeating! I don't know what your trading objectives but I now is the time to make them come true. Bitcoin price projection is not over yet, bitcoin is likely to reach another ATH before the bullish circle runs out!

Taking action whether on an upcoming bear or bullish run would always be good yet this could be considered out to be an analysis which you do really need to take up some action for you to make out some

advantage which might result for you to make some profits which we are really trying to do in here as a trader/investor here on this market.If you could really make some profit in a bubble then go ahead,

even though it isn't an assurance but at least you are much aware that it could really make things possible to happen if market turns out to be good.

You are not wrong, we all know that at some point the current bull market will end and if you are willing to short it when a correction or crash is about to happen then you can even obtain profits under those circumstances, however it is very difficult to actually take advantage of the downwards movements of bitcoin because as we know all markets have the tendency of growing slowly while they go down way faster, and this is even worse in the market of cryptocurrencies, so it is difficult to take advantage of the corrections unless your timing is perfect.

The market moves in three direction upward (upsurge), downward (dump), and range market and none of this market move last forever. Each phase of the market comes and fades away. Understanding each market move and trading in line saves alot getting each trader ready for the next move

Now it's an upsurge which wouldn't last forever. Taking profit at each stage in preparation for another dump should be what a wise trader should consider at this moment to avoid been taken unaware

There’s no market that will always go up, you should anticipate the dump trend and do the necessary actions so taking profit is advisable and this is how trading works. If you do short, know the risk same thing with holding because the only certain in this market is that, it will always go up and down.

No, no, you are right, even fall is the advantage if the trader is open minded but you know, futures trading comes with leverage. When the users start to use leverage higher than 1x, then here comes the problem. The more leverage you use, the higher your profit can be but the riskiest your step can be. Yeah, with 7K USD right now and with 10X leverage, you can trade like you own 70K bitcoin and open short position on futures but if you open it at btc right now, then 10x rise and you'll end up with nothing, i.e. from 63K to 70K, you lose everything but if you open right now with 1x leverage, then the following scenario will happen:
1. Open short position right now at 63K with 1x leverage.
2. The price that will liquidate me will be 126K.
3. Even if bitcoin reachs 100K and then starts fall and lose 50% of it's ATH, you'll end up with the price of btc - 50K and you'll profit.

Maybe a bad example because I highlighted the positions at the moment but just wanted to say that short position with 1x leverage is great option on bitcoin because it's less likely to have massive gains or falls but still it offers ok profit but safer.
On coins like LRC, XTZ, QTUM, Matic, opening of short and long positions even with 1x leverage is very risky because these coins can rise enormously at any moment like they fall the same way too.

One thing that I sometimes do is wait for the massive rise and then open high leveraged short position (which is very risky but very instant rewarding too). Or another best profitable option is to spend days and nights on massive dumps and try to catch the best price to open long positions with high leverage, the profit will be unbelievable.

The opposite question is how to make profit on dump market conditions? Profits come for you to take big discounts and take a lot of percentages. Instead of risking your portfolio in a bubble, you're better off taking advantage of the altcoin's massive correction. If the trading strategy you are currently implementing is much safer. So what can make us smile for the future when the bubble bursts again?

Yeah, you can make profits out of bull and bear run even if you are trading only on spot markets. Just buy now and hold until bitcoin prices showing rapid movements like daily 10% upward and then if you notice it reaches $100k or $180k or $380k then you may sell from there and hold your fiat or stablecoins and wait for another 6 to 10 months to buy back. Bitcoin's this bull run's ATH may occur by end of this year or by mid of next year and from that point you may sell and hold fiats or stablecoins.

If you have reacted to sell by December 2017 and would have bought back by December 2018 or March 2020 then you might have got 5x more bitcoins for your same investment. I am sure already many people might be into such a practice.

And if the market otherwise isn't good, then you should be prepared as a long term holder without ever being convinced of the potential of a traded altcoin. That's the risk, but with many options in investing you must have many diverse alternatives. It's like having different options with two volatile market conditions every time.

Even though pretty hard to do but this thing is obviously very much practical and many people have been doing this a lot of time. But as shown in the realities of the movie do differ a lot, predicting a phase of overvaluation is obviously possible but predicting an exact time or date of the pump is impossible, and if you put a short in overvalued market there are good chances that market might show some spikes upward in form of wicks to display it's weakness, after every try to break resistance it will go south but might try to break it once again, this is where traders either get their stop losses hit or close their trades due to the funding fees they have to pay during this sideways phase, some better traders pick positions at every high to ensure they are averaging short positions at highs and therefore would eventually win someday but then their profits might not be that attractive. So these are the two reasons why it's pretty hard to make a lot of money by shorting from the exact top of this big cycle.

It always makes sense to believe that no matter how strong the trend is, there will be a time that its momentum will crash, be it on uptrend (bull trend) or downtrend (bear trend). There's always an event that can trigger the pump or dump and that's always the case.

Any ideas that we think a good strategy is worth testing. After all, we don't know what will be the result without actually using it.

Just don't set too much target price as sometimes it won't happen. In other words, if you think it's the right time to buy, then do it. The same goes for selling.

It won't ever last, that is the reality. It had a pump now and it will naturally dump someday, find this a usual market cycle, and we don't just know about this but we are truly aware that this certainly has to come whether we like it or not. That is why it is too risky when buying coins during the hype as there is a huge chance that we lose if we don't sell it when it finally reaches its peak. And in fact, many people had missed their time to do this for they are about to think more pumps to come neglecting the possibility of the sudden correction.

Everyone took advantage of the benefits according to the conditions that looked quite good. There is no mistaking that when continued fluctuations take profits means ending ownership. There is no need to hold long term if you already predict the market will always vary significantly up and down. As a trader, you have to take advantage of the momentum, and take the opportunity again when there is a correction. It always leaves a gap for traders to see a common ground for buying buy back orders.

It has to admit that we use to take advantage of the situation and having this volatility makes traders become profitable but somehow, it is also the reason for new traders to lose. This is how important to have TA, a sort of market analysis that could help to identify when to buy and when to sell. Of course, it won't be 100% accurate due to the unpredictable market but at least, we have some basis, and sometimes it works actually. But even without using TA, if we are able to use our common sense, we probably know that buying during the bullish season corresponds to higher risk as well which it was most prepared to start during the bear season.

There are descriptions that whenever the market is too high, there are people depicting it as a bubble. Bubble or not, the fact is that the market has gone through and conservative investors see that there's a likelihood that it may drop a lot anytime soon.
But as we look at the whole year, there's a massive drop that has happened so I think it's able to sustain the high price that we have. The usual pattern we see is when it drops heavily, it will take time to recover. However, for this year, the heavy correction has recovered so fast.

Yes, there is the time for the end of Bullrun (bullish trend). We have experienced the bullish for many months, some experts have predicted December probably the end of this Bullrun. So, we must prepare to take profits before December comes, or take profits as soon as possible in the early of December. But trading activity can continue even it is in a bearish market, there is always many chances to take profits. Taking profits soon, mostly addressed to people that invest their tokens/coins for a long time.

Just take profit once we think it's the right time to do it. Holding will not increase the number of our coins. It should be circulated so we can get more once the price got dipped. It's not always that a bull trend will happen. There's always a crash in the midst of a strong bull trend. Just a matter of patience on waiting when it will happen.

It's better not to be FOMO during the hype. Rather like to miss that 1st train and wait for the next one instead of going after it where the distance is far.

It’s hard to predict the top. Did you think $20k would be the top? No we assumed $10K would be the top. Same with $64K, everybody assumed $50 I would be the top. Now it’s no different, people are expecting $100K to be the top and most likely it’ll either go to like $95K or blow right past $100k.

You can use funding basis to predict tops however in a strong trend most of the time you exit way too early. The funding in early 2021 kept increasing and increasing from Jan all the way to the peak in April. Funding was nuts April something like 50% annualized. That means the top is very near.

As long as you can use the moment to make a profit, you will be fine. The price will always go up and down and maybe that could be like a bubble. So when you can sell at a high price and calm down for a while to wait for the bubble to be blown, you will see the right time to buy back again.

That happens not just for bitcoin, but it happens with altcoin, especially the altcoin that can increase back later. But it is hard to know when the price reaches the high price as we can only guess the high price without knowing the real.

When a bubble occurs in crypto all the altcoins start to rise and more FOMO occurs. Good opportunity for coin holders who bought at pre-bubble prices. When the Bitcoin bubble, there will be many new investors who start to enter so that Bitcoin can reach new ATH. There will be many benefits to be had. Take Profit a few percent to save capital it would be better than having to wait for the highest price which would be very risky flash dump.
use the bubble opportunity well and get out when the money is right. Don't be too greedy.

This is nothing new, if we go back to the 1800s when the stock market was with market spectators like Richard Wyckoff, Jesse Livermore, there were many scams that people made money, one of the most common was tulips, obviously there they earned a lot money, and finally those who took everything won more, then the last scam in the 1990s which was when they invented the project of capturing the smell through the internet.

Currently there are people who take money from scam projects, they already know how to do it and in fact there are people who only look for scam projects to get money, it is incredible, but on YouTube there are many youtubers who are traders who do this technique.

To be honest, nobody really knows how low the dump bring the price or when the dump will happen. Theoretically one can short at that correct time and gain a lot of money, but dreaming of doing so is similar to dreaming of hitting the jackpot. You would very likely miss it. But there is nothing to be disheartened of, there will be ups and downs in the market. You can cycle your money effectively in these and churn out cash in every interval.

Taking a short at this time is risky, go for it if you are having the guts to back yourself and enough money at hand to cover your losses. But keep in mind that long/short are a type of gambling, do not gamble what you cannot afford to lose.

For me making short position and sell off if you already have good profits is the best strategy in my personal opinion wherein to prevent massive dump from the bubble. Because instead you can make profits in it there's a chance of massive losses if you just riding your greediness.. Better to be smart because all the hypes in the market didn't last wherein its more on correction than ups remember that, and lastly its always good to take the opportunity than missing it..

Making profit with a bubble is great but be careful because that is very risky. If you already have a profit secure it and wait the massive dump before buying again. Hypecoins are profitable but can't stay longer in crypto market.

My opinion for the traders is always that they should take the profit from the market and then leave at a site, but most of the people due to their greed losses their most of the money, I always suggest that whether your profit is small or great then it will give you more profit, as I had seen a lot of people doing mistake in following other strategies.

I think it is natural to think that markets will eventually retrace. Sure, in everyone's minds now is when will that happen and the best way to prepare for that is to devise a plan now and put it into action then. Nobody has perfect timing but if paying close attention you will find a few signs.

Just because some people plan ahead doesn't make them negative but realistic with real expectations, grabbing the available opportunities before the unprepared ones.

History will probably repeat itself especially for the bitcoin price. I might be a little worried about the bitcoin price going back below $30k if the end of the year or the beginning of 2022 it doesn't hit $100k. The support so far will have a big impact on the price so we stay between $60K, but if we can't get past ATH $67K for some time then the correction will happen again. Anything can still happen including massive dumping of bitcoins when whale and institutional investors want to secure their profit in fiat.

Unfortunately for shorting also you must need to predict the future. It means even you are going to sell first you need technical analysis so that you can find out at what price levels you need to sell and then you may start waiting for buying back. I am not seeing any big differences from your approach than what people are usually doing like buying at low and then selling at high. Literally both are same.

Moreover making profits in the bullish trend is more easier than waiting for big peak level and then selling and then waiting for buying back. Otherwise you can go for making profits on both the direction of market instead of targeting only one direction.

Retracement or corrections would definitely happen no matter how things we would do because prices cant really just move up forever and theres always a breaking point
on that which basically means that you do need to get out before that happens which means you do really need to be clever on how you do take advantage of things because
once you do get caught on a dump then you would really be ending up on holding for long term or like forever because price neither do recover or would stay that low
for a very long time.

I will not suggest anyone to go for making profits on both the direction of market because it will intensify your risk levels but buying and selling must be the easiest way for the case of bitcoin markets to make assured profits. I agree that you are suggesting that because OP was mentioning about selling from the peak price level still that must be a different case than going for shorting and longing on the same market because you need very strong technical analysis to ride on the swings of the market.

Simply we can go for buying right now and then holding till end of this year then we can make decent profits for even small investment right now but if you are trying to catch swings of the market then you will end up losing your capital which is the reason I never suggest to go for swing trading.

Not going too much greedy will help you to enjoy riding with the bubble, there are many cases where traders
get too much greed and instead of riding with profits, they ended up losing their money; you need to be
quick when you see that you already gain from your investment, it's a tough call to make, but better to have
a little profits than suffer from a great loss when massive dump start to show, you can't avoid that quick
fall and most of the time it's a hard one after the pumped.

The issue is that what we call common sense in the markets is in fact not so easy to acquire and you need some experience to begin to develop it, so newbies that come here without any strategy and without common sense lose their money relatively quickly as they are unable to grasp the realities of the market, it is not until they go thought several hardships they begin to understand the markets but by that time they have lost so much of their capital they are unable to apply those lessons.

The cycle of the bull run will really come to an end sooner or later, in fact, this bubble will burst one day and all traders or investors who do not foresee the dump may end up at the very bottom with their minus wallets, I believe that it is necessary to consolidate profits and do this is necessary as often as possible, so as not to regret the lost benefit later, even if it is minimal, but at least it will be.

Future trades are very risky. If you take a Long/Short entry, you must have confidence in the token that it will increase or decrease. If you make a wrong decision, all your dollars will be zero. Future trades can easily make a person poor to rich and and can easily make rich to poor. It's like gambling . So it would be better if you do not use it

Things do change very fast in cryptocurrency. History of cryptocurrency market have shown sudden dip in price of bitcoin after new ath. I hope bitcoin will still reach new ath before the year runs out. If you however have profit on your coin, you should book those profit!

The thing is, nobody knows what's gonna happen next in the market, you don't even know if it is really a bubble or not. The recent bullrun and ATH of Bitcoin is very unpredictable as always, you never know when it'll drop or when it will rise up again to make another ATH.
The only thing we could do to make profits is to follow the trend, you don't want to do the opposite because for sure, you're gonna lose your money.

Even if you don't go with the flow of greed and design for goals that are not excessive, riding a bubble is not necessarily going to be as smooth as it is intended because the market bubble will give you an unfair outcome, within a bubble there are always stop loss scanners in the market, we almost didn't have time to make a small profit, got stuck with such scanners and repeatedly several times is enough to cause inhibition, once actively ignored, the bubble will be more inflated. Current traders rarely work with bubbles, they work on projects and hold them with perseverance and stand in potential positions.

Following the trend will definitely ensure less risks compared going for shorting. Basically Bitcoin is designed to have huge value over the time hence if you are trying to go shorting you then you may get trapped in between.

For example, the current bull trend is expected to last for more months than the previous such bull runs. So, going for shorting by end of this year definitely will lead to get trapped in between if this current bull run will continue in 2022 also. Only if your technical suggesting to go for shorting then you may go for it otherwise just trading along with the trend will help to make profits in bitcoin trading.

I never prefer going for shorting because I am a long term holder even some of my friends are already into derivative trading and they are doing well as per they claim and I am also happier with my long term method of trading.

Yes, trading bitcoin along with its trend is basically having multiple reasons because bitcoin will be appreciating all the time due to its limited supply so we need to check for fundamental before trading any asset and this way bitcoin is highly suitable for or long term holding and definitely not for shorting.

Shorting might be profitable for some people but it is profitable only for certain timing because bitcoin is not into bearish mode for more than one year in its 4 year cycle which is usually triggering by bitcoin network's halving event.

What they are failing to understand is that market is an ever moving and emotionless place. They believe that it is like nations or citizens or public or communities and so forth where there could be something wrong and people could still defend it and achieve it. Market is the place where the right thing happens each and every time because it is money that we are talking about so the result is always what should be happening anyway.

There is no "it should have been higher but went low", if it should have been higher then it would have been higher, if it is lower than it should be lower, there is no other way around it, if we are the ones with money and we make the decisions then our decisions are the last call and nothing on top of that could be said. This ruthless sharp situation doesn't sit well with many people who haven't done it before.

You could only determine if its a bubble when its already happening but determining on those early phase then its really impossible to point out which means its a matter of risk taking on making out decisions whether you do secure out a position or wait up even a little more.

Due into this very unpredictable market then its really hard to say if we do have a real bull run or would have some sort of  bubble because of some hype?

So its  a matter of choice when it comes to these kind  of decisions and this is where people do really differ in relation to this.

Just go with the waves and wait for the upcoming trend. We already witnessed the continuous cycle of bull and bear over the years. We must know what things should be done once the bubble pops out again and we go back to the red market. People also have to be ready that there might be a time again we can witness a bloodied market even how strong we see it today.

Once it happened, take the opportunity to buy again and don't hesitate.

The bloody market will surely repeat itself where the prices of all coins experience a deep enough decline. Because it is impossible for the market
to always be bullish as it is now, we can learn from market movements over the past 12 years. There will always be alternating bullish and
bearish cycles, we must be able to make the right decisions if this happens. We don't panic when it's bearish, it's an opportunity for us to buy coins
at low prices. And don't be too greedy when we enter a bullish trend, immediately take profit if we have already reached the target we previously set.
Delaying taking profit will only make our opportunity to make profit disappear, because if the market suddenly dumps we will regret it.

The problem with most people who invest or trade bitcoin is that they don't have an exit plan, i does not matter if they get in early or get in late, they always get greedy once they see the price rise and don't take their profit while they are still green, so whether its a bubble or not they get caught up in the trend and don't set goals, sure the crypto market is hard to predict and there are always ups and downs but trends can be easy to follow but the key is to stay calm and not to get greedy and have a set goal.

moreover there is a lot of glitch waiting ahead ...

like a shock drop down to 99% within a couple minutes and backup to 99% up  sweep all those long/shorter ...
future trading arent for you who loved to go allin , future trading are for those who watching the price the chart closely and knows the momentum. thats not easy and full of risk.

Depending on the coin you invested you can take your profit, there are several hype coins that are rallying left and right and there is nothing wrong in booking your profit. But if your investment is in Bitcoin or other top coins, you need to have the patience to analyze the market and i am expecting a rally before the major correction and if you could time that then you will make a bigger profit.

Yeah this uptrend wont last forever tho but still u can get opportunities by trading short term with big risk because this uptrend can end anytime, Since a lot new people know about crypto in my place I thought that's one of many reasons this uptrend continue but not all of them enjoy their profit, not a little people complain about crypto volatile and forced them to hold until the price recover or create a big dump.

A lot of people joining cryptocurrency investment in your geographical area is not the reason why Bitcoin keep its uptrend momentum and the only major reason why Bitcoin is still on uptrend now is because the humpback whale and the whales did not dump their holding. Understand that a single humpback holding surpasses all the holding of the people in your geographical area but I expect the market to experience a big dump in price before the end of this month.

I am also having similar type of opinion like for long term bitcoin trading, definitely we do not need any exit plan because bitcoin is always into bullish trend so you can make the maximum benefit if you continue your holding.

It means you will never need to go for selling your bitcoins but you can use it in your real time to enjoy the maximum benefit out of your bitcoin investments. People who are selling right now maybe regretting later for their decision of not continue their holding. To avoid such regret it will be a better decision to continue our holding.

But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.

after a new ath occurs, it may be followed by a correction, therefore we must be careful when making short-term trading, greed in taking profits is not recommended, because at any time the arket can reverse direction and we can get hit mentally. therefore it would indeed be better to adhere to the previously established strategy

but if you have other things to attend to other than holding and waiting to increase the value of btc, it is also worth it to cash out some. like for example, if you want to start a small business, and use some of your btc funds. that for me is a worthwhile move. because you can already increase the value if you are good in the business that you venture with. so imo, it depends on the capability of the person how he will tackle his next move with regards to his btc funds. some can gain, while others will lose some.

There was never a cryptocurrency pandemic, or an economic boost which is the reason why some institutional investors choose Bitcoin as their hedge fund.
Having said that, the market correction doesn't always happen the next cause the rally usually lasts for a single year.

Due to pandemic.

The crypto adoption rate growth and that's because all of us have been quarantined and locked down to our homes. But at this time, things are becoming back to normal slowly.

Still, look at the adoption rate, it keeps on going better.

I look at nft gaming like first place where is a good adoption. Imagine what will happen in other fields. Adoption will make this space so much bigger.

Even if everything will be back to normal and this pandemic will be over, i have to say that this crypto adoption will continue to grow because lot of countries have started it already and there's no other way to go but to end up massive adoption. And with this increasing rate of crypto adoption, bitcoin and most of the good altcoins are also making a good shape in the crypto market due to the large demand from the different people all over the world. If this is all a bubble, then people should be making cash outs out from the profits they made, but i know all this happening right now is definitely not a bubble and so people chose to invest and hold them even longer.

Correct, the markets are a meritocracy, if you are a good trader or investor you make money and if you do not then you lose it, many people are not used to this kind of environment as I think we are all aware of many of our coworkers which do a terrible job and still receive the same pay as we do, the markets fortunately are not like that, which is why many people think they are unfair as the winning distribution is nowhere near even and we have many times more losers than winners.

It will.

But there are certain areas that where people are focusing that much. Like in NFT, there are arts and musics and games. Although these areas are big.

There's more focus with the gaming area, NFT gaming has became bigger due to the rewarding games where you can buy those NFTs to play with.

They are trying to get into the crypto hype and it is working. I am personally not a fan of hype based objects like ICOs previously and now NFT. Still if they help increase adoption and use of crypto, I am up for that.

But these bubbles help some predatory people to make money, no doubt in that and being able to jump on the bandwagon becomes the rat race then.
Important thing is to exit timely and not expect to use your long-term mindset for such projects, because they are short term ones.

Dont expect yourself to be able to jump on them every time. Sometimes it is better to ignore the commonly taken path.

I would say that NFT is the scariest bubble for me. Despite ICO bubble, where an investor or buyer at least have a small and predictive description of what he is spending money on, NFT is something I always avoid. With NFT, I just buy a bunch of pixels. Some of them have a value, but compared to a token from ICO, that value is described in whitepaper, NFT value is an imaginary amount that someone once set. It can be 1 cent, it can be $1 million. With ICO bubble, tokens in most scenarios can be sold at etherdelta for 1 gwei. With NFT, you can just hope that someone buys for the price you've set. I find it very hard to earn with NFT bubble and avoid it.

Are you saying that a physical art collection value is in bubble too because it's value sometimes more than dollar without any basis on how to land on it? Ofcourse not. Most of the thing made on NFT arts and they just convert the physical to digital that's why many artist are starting to enter on this industry. The value of each NFT depends on the influence of its creator. There are some instances that there's a manipulation on price but that is just an isolated case. Art collectors in crypto are investing tons of money NFT because they know that they are first to hold since its new and they are investing because they know it will be worth more in the future.

It is just like investing on unknown arts from unknown artist then suddenly in the future it became limited edition and collectors item because it is first on its own kind. I agree that some NFT valuation is over price for us non-collectors but remember we are keep telling that even when someone bought a million dollar physical painting in an auction.

I am saying that digital art (NFT) has a lower value than physical art. I find most of NFT similar to very young children random paintings. They have value mostly for their relatives only.

I agree that "The value of each NFT depends on the influence of its creator", but there are so many "creators", that does not allow value to grow. Look around. Each and every project create their own NFT. They dont even have goal or business plan. Their idea is "today will make and distribute NFT, and maybe someone will pay a lot of money for it". I can be a creator like that. I can create 1min sketch pictures in paint, hoping to sell them on an auction.

"a million dollar physical painting" definitely is created by a famous person. But "a million dollar NFT" can be created by a kinder garden kid, and this NFT can accidentally be bought by a crypto user.

With this approach to work, Forex can be considered a bubble.

Those predator join its because they know that many people goes on that area and since NFT is on heat right now they are creating things that can caught the attention of the people, thats why we should be more selective on the platform we go since not all we can see is good even if they have good roadmap brought for introducing their project.

What most important thing with those hype is don't get caught and hodl to much since taking profit is always the best thing to do especially on hype projects.

I think the same as well and it is why I expect a massive crash for the market of NFT coins, even if the ico bubble was huge and in many times unjustified at least it made sense to me, people were trying to find the next big thing among thousands of coins, some did and made a fortune while many failed, in the case of NFTs it is impossible to know how they will perform as they are not really a project that can grow in value as it gets developed like icos, and instead depends entirely on what someone else wants to pay for it.

You could just avoid those ones and end up buying the real good ones? I mean there is nothing stopping you from buying real art turned into NFT as well. Maybe one day some real good painters stuff would be sold on NFT market as well, in form that "whoever owns this NFT holds the right to own the physical one as well that would be displayed in a museum condition", that way you could even buy Mona Lisa, you can't put it on your home, but it will be yours that will be shown to public in the museum.

However, all the data suggests that stuff like axie, apes, cryptopunks and all that are very bad drawn stuff, stuff that are totally worthless in art sense, and yet we are talking about millions of dollars for them. So artistic value is not something people look for in NFT at all.

If your pretty sure that in the future you can get a profit, I guess you can stay with your plan mate. However, if there is something doubtful you better think of it of course. Just like for example NFT games nowadays are very trending where the majority of them are totally amazed but anytime soon the market could be gone that's the scary things I guess.

Every speculative asset sees the "bubble" concept once a while due to normal human thinking. Just depending too much on a bubble without taking profit off it is the bad sign.

Investors need to be careful really. The regulatory bodies who are regulating investments but cannot get hands in bitcoin made their stance very clear for now. People should know what they are investing in. If they see lack of market making a lack in proper judgement on the team, they should pull out before others. Predatory groups are always there because law enforcement can do only a certain part, the majority of investment related scams are from the client's side.

Truely, timing your exit is important. The ones who are creating the hype are more interested in making the investors hold the asset, so the creators can earn more selling their holding. These things need to be understood by the new investors.

As long as we can use the trend very well, I am sure we can make a profit and we should leave the trend before the trend is gone because that can make us wait for an unknown time. While the NFT trend is still in the market, we can try to search for other things that could help us to make more profit. But do not just stay at the NFT project as we have bitcoin that will become stronger than before so if we can have more bitcoin, that will give us a big profit than the NFT.

There are too many underwater stones with NFT and no direct answers. It is always: maybe, perhaps, if X happens then Y would be Z. If I buy a physical painting from a famous artist, I can be sure that with time, its value would only grow. But with NFT, there are still too many scenarios that might turn my investment into zero. I can hang real painting and enjoy it. I can boast with it for example. But with NFT, if I show people around it, with 99.9% chance they would say that the Internet is full of pictures.

That is true in all of crypto as well. If you are not sure about anything and can't be certain, then just stay away from it. The one that you own in your house could still be broken into and stolen if it is a really valuable one, I doubt there are any thieves that are smart enough to understand a really expensive one versus a very cheap one but it is certainly something quite possible if they get it.

So, NFT is a lot more guaranteed, you know it is yours and can't be stolen from you, is that the part you want to talk about? I mean if we are going to compare the pros and cons of them and make them fight of course the physical one would be getting a lot more love, but here we get to buy something (or mint it) for a few grand and then sell for a huge amount, even in crypto there are rarely that type of quick returns, so art and hype getting together is a lot better here.

You can make profits in any market if you are capable of it and have the right coin in your hands because if you think of taking profits with any hyped coin then it's hard so make sure the choice is correct and time to make profits is timed out in right way.

As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.

Yeah, it's unbelievably big now. A few days ago the total marketcap crossed $3 trillion. I remember how the market struggled to touch $1trillion in 2017 but couldn't get there before the ultimate crash that came. Though I take into cognizance that we didn't have as much cryptos then as we've now, that's if someone wants to argue that the increased number could be responsible for the growth in marketcap. I'm much concerned about the organic growth the market is recording now than what price is doing currently. I know a lot of people who are of the opinion that most alts are shitcoins but that hasn't stopped a few alts recording tremendous successes. Nothing exists in isolation. Bitcoin can't exist in isolation. It can't be Bitcoin alone. Come to think of it, a lot of alts (genuine projects) have netted some people a lot of profit more than they imagined on ROI.

Because the market in 2017 and 2020 to 2021 are different. In 2017, crypto has different project and each project has its own communities. Now since 2020, many projects were created and around it, we have real big ecosystems. Big projects nowadays are back-bones for other projects in its ecosystem. We have Polkadot, Solana, Fantom, Avalanche and more.

Altcoins have many types and we can not say Shiba Inu is a good altcoin technically even it got a higher marketcap than Dogecoin

On point and well said.It wouldnt matter on what kind of situation you are into whether into a bubble or just simply an organic kind of increase on a certain market which you are making out profits then whats the most

important thing of all because if you do able to make out profits on certain conditions without any problems then that do simply shows that you are really doing well on this market.

It will vary on how you do deal up with things and also not all would really be that good when it comes to these things.

Yes, it will be difference between traders but when people are trying to make profits from bubble and then trying to shorting from the point of bursting of same bubble, the problem starts. In my opinion it is highly risky one because you cannot predict the endpoint of bubble but probably we need extraordinary level of technical analysis to find that.

I agree with this but fishing on calm water will be much better option rather than trying on storm times. You must wait for your perfect time in market condition so that you will make consistent profits rather than looking for one time opportunities. So, other aspects are also important in my view.

Yeah, it can be a wise trick and we need to be careful to deal with that, or else, we are the ones who become the victim of this bubble.
Apparently, we know that some of these projects are worthless, some did the amazing ride especially for gaming platforms but have to say that many are useless projects and are dying already. Research is very important for us and we don't tend to ignore this.

It is the main reason why we're trading and doing that should be done according to your plan. Sometimes, it's not following your plan and all you've got to do is to just make as much as you can. Having that goal of making as much as you can during the bubble or not, as long as you know what you're up to, it is what you have to understand. And whenever the dips have come, you're not going to panic.

Well, if you look at this your idea is really making a lot of sense, if the price keeps going up it’s certainly going to reach a point where it is going to be triggered by one event or the other and that will lead to the price falling back to a lower price. So, that’s why it’s good to have a target but you would like to accomplish, when the market is going up you should sell at some point, but you may decide not to sell all the coins that you have just sell a part of it while the rest stays in your wallet in case the market should keep going on.

If you’re holding a coin and you have no target at all, then you’re really not going to begin anything from it, and then what is the need for your investment? So it’s good to take profit sometimes and at least know that you are gaining from the asset you’re investing your money in.

Exactly, even if somewhere on the Internet there is some evidence that you are the one that owns a digital image, if anyone else can still enjoy the same image and do so just as you do then there is not really any difference between owning and not owning that image, this is why I have problems thinking this is going to actually become popular with collectors once this bubble ends, as the whole point of collecting something is to be able to enjoy something almost exclusively, something which is not possible with NFTs.

Personally, I also believe that the crypto market is cyclical and in order to see an even greater rise in the price of cryptocurrencies in the future, you need to gain strength, and for this you need a dump of prices for crypto assets. You are also right that this has happened more than once, which means there is a high probability that it will happen again. Right now we are in a very interesting situation, since we are on the verge of a new flight to the moon, but the main thing is not to deceive ourselves and draw unreal profits. Already now, you should clearly understand what you expect from the future rise in prices, as well as from the subsequent fall. This is what will allow you to save and increase your funds.

Well, the market won't certainly remain to be bullish all the time. There will really come a time that bearish season will take over the bullish season but at least, we are already aware of that and there's nothing to worry. What is important is that we can maximize making profits while the market still allows us, seeing most of the crypto coins are experiencing bullish prices. And when the market turns bearish, at least we have huge funds already to take advantage of the market. By simply buying and holding in times of bearish, it will open bigger chances again to end up gaining huge profits in the future, so just relax and make the most of it from every market's situation that comes.

It's a good opportunity for everyone who knows how to ride with the current hypes. The important thing here is if you are
willing to take the risk, the bubble or the new hypes might end much quicker than how you expected it, so make sure that
you are ready if ever that the train already left before you think it will start to engine up.
Expectations are not always correct, the market can go sideways, and that's the reality when investing, especially inside crypto
high volatility will burn your investment if you failed to predict the right market directions.

That is exactly what I does whenever there is unusual hype that resulted in the pump in the price of bitcoin, irrespective of whether the price is bullish or bearish, just like the present minor correction experienced by the price, I always ensured that my profits are locked with a trailing stop bearing in mind that the bullish or bearish runs wouldn't last forever, I was once greedy having refused to take profits appropriately which culminated to incurring losses, I learnt my lessons and mistake thus making me to become a better trader.

I have learnt this also. Whenever there is a hype I expect that after sometime traders are going to cash out then I follow up with that too. When this happens the price can go down but it will recover but before it will recover may take sometime and that means delayed trade and stocked up cash, instead of waiting I consider to cash out to stay outside and wait for a time to go in.

Cash out definitely not an option for long term holder. I am glad and proud to say that I am one of them. All corrections and recovery are temporary in my view even such corrections are lasting for months to years. Moreover, I am afraid to stay outside because I do not want to miss out any rally which may happen beyond ATH or beyond my selling levels.

Making profits for me not a concern because I just plan for using bitcoins rather than converting them into my local fiats. All long term holders are already into profits hence any bubble or crash is least bothered.

Some may find this to not make much sense at all but it does, this is similar to what happens after a huge fire has devastated a forest, while on the surface it looks awful the fire gives new space for new trees to grow and develop, so while a crash in the market is seen by many as a negative outcome the truth is that such a crash eliminates a great deal of the scams and bad coins from the market that appeared since the last crash, so it is a way to clean the maker of cryptocurrencies of all of those undesirable coins and their developers.

Your short position can only sustain if it has the potential to absorb the possible loss that can happen with btc going more high before taking a dive, so your leverage and level of market intelligence is much more important. I can take risks even with high leverage and decide some areas where I can enter partially because taking an all-in entry would be foolish and can take away my capital if gone wrong.

Days ago I saw a post on YouTube, which said that you can make money taking advantage of scam projects, which are known from the outset that they are scams, well this YouTuber does many things to get money from those scams, I think this is very similar to what uqe says on the subject of getting money from a bubble, because in the end being a bubble it is a scam, and to my personal criteria I think that I would never risk it, firstly because I have no such ability and secondly I am sure that if I tried I don't think I'm doing well.

Well, good to know that you really want to make use of bitcoin as a currency in the future and not just as a pure investment. And i think bitcoin will be able to perform its goal if it will also be used as a payment method than just simply using it as a means for investment.

However, i don't think that we are making profits from a bubble as bitcoin itself is definitely not a bubble. We are making profits because its really a potential investment and its always expected that it won't settle for any low value but more on a higher value. Bitcoin may be a bubble for some that any time it will burst but for us long term holders of bitcoin, we are not seeing it as a bubble so we're not threaten for any price corrections or price dumps.

People do have different opinions regarding to this venue of investment, there are still people around who thinks
and believe that Bitcoin still a bubble, they are losing their chance to grab the opportunities to earn using this system.
While for those who believe and continuing to support this industry, the bubble is the way to earn and to maximize
all the benefits bitcoin has.

It's your call whether to take the risk and make some decent money from this field of investment or continue
to fear and believe that this is just a bubble that anytime will end up losing your money.

If anyone at this point is still believing that bitcoin is just a bubble and they are scared of investing money in it, just because they are still believing that it is a bubble, then I am really sorry for those people. There is really nothing you can do to convince them, if the twelve years of bitcoin has not been enough yet to convince them.

Seriously, what would you be telling such a person, because enough has already been and they still don’t want to believe, so what exactly would you do if not to just let them keep believing whatever it is that they would want to believe? This is not the first time people are saying that bitcoin is a bubble, it has been said several times and yet bitcoin has progressed. If anyone is too blind to see that, it’s their business.

Everything in my opinion can happen in trading, predictions is a source of getting close to the problem in trading but didn't have a 100% accuracy in every and each prediction. So, always try to be realistic and don't depends mostly on these predictions, and another thing always learn by yourself and be experienced always.

Making out active trades is something hard to be done or wouldnt really be that simple and only active or day traders do really lieks to play with price volatility and this is something which cant really be handled easily.

If you could risk off and have some courage on taking some risk on a bubble situation then go ahead but how you would consider
a bubble time?

Its really hard to determine honestly.

There are really people who are relying on predictions even those are unrealistic to happen. We always see that hodl to death scenario on some new projects. It's fine to rely 100% on predictions as long as there are lots of basis why we should believe in it.

Unfortunately, even for a project or coin that doesn't have any fundamentals, as long as it has created hype, it will create an unrealistic prediction that will make people FOMO and later on, wrecked.

Ups & downs are part of the market and trading. We can't exactly predict what is going to happen in the future.
But we should not have any negative thoughts in the mind related to the trend.
All depends upon the trend of the market. You can make it profitable by putting all your efforts and making it correctly as requirements. But firstly we should have proper learning for any work.

It's just a matter of doing the right timing.

As long as you believe in yourself that you can be profitable, you should implement your strategy as the market behavior has not change yet and we can always refer to the past trends. The bull market is here but the bear market will take over anytime soon, therefore look for a strategy that is suitable for every market situation, that's the only way to survive and to be profitable.

indeed there is no 100% correct prediction, especially for new projects, this will actually be even more difficult to predict. many incidents of them being carried away by emotions and letting them turn to ashes, even though we can provide stop losses or reduce capital to invest, so we don't risk all the capital we have

Predictions dont get close to the problem. They just predict a price to buy or sell. It has nothing to do with problems and their solutions.

Also a 100% accurate prediction is not a prediction, it is called a fact. Hence they dont exist in a speculative market. You have to assume every prediction to be 50-50 before taking it.

If traders were realisitic then the craze for altcoins and then their successors and the current NFT, DeFi craze would never exist. You just have to deal with the fact that the co-traders are all crazy about unrealistic gains.

But to be safe, one should keep bitcoin as their biggest investment in cryptocurrency. If you got money to spare, go for fiat markets, dont waste it on hyped hyped crypto assets which have no future.