Bitcoin Forum

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

You have a point if we base on the bull-bear cycle of Bitcoin since they day 1 of trading. The current scenario was same during 2017 when ICO hype the crypto market the only difference was this institutional Investors already enter right now that create a huge support on the price. IMHO, They are responsible for the current pump and dump price manipulation and benefiting on the short gain on there swing trade.

Many newbie got wreck on the current unpredictable market so your advice is well appreciated.

You are very right, but this period can be an advantage for swing traders. For illustration, using 1x leverage to open a position, waiting for dip and when bitcoin price increase.

For example, waiting for $30000 dip and buy for swing trading, but some swing traders can try $35000.

At $35000
Using 1x leverage
No borrowing
Long position liquidation at a price bitcoin price will far not decrease below
Short position liquidation at $70000

Swing traders still always have tendency to make profit because bitcoin will increase and decrease to predicted price but which can take days to weeks.

Short position will be better at $45000. But this can change depending on the market.

Your advice is very good also, buying when bitcoin want to halve will make bitcoin and many coins in the market to increase in price.

Do you have any calculations or graphic analyzes that prove what you are trying to say here? I don't know, but many are still optimistic about 100K USD before the end of this year, and given the current situation, we still have promises of good volatility.

Personally, I see the best opportunity to buy when no one wants to invest, fear prevails, and everyone starts to worry about the price, then it will be a perfect opportunity to buy and sell.

So far we have not seen a correction of 80% and therefore it is difficult to rely on historical data.

Day traders can make money too especially the swing traders who wait for the right time and execute their trades because market is swinging at particular price range so if you simply hold until the price dip or bump means you are wasting the time from a traders point of view.

Also Bitcoin is gaining more popularity due to the war situations which already made people to dump their money into something decentralized.

Past performance is not indicative of future results. You know why we didn't have a similar blow-off top as what we've had in the past cycles? Because if everyone expects the same thing to happen — most of the time, it doesn't; and here we are again with most people expecting full-on bear like what we've had in the past. While I'm not saying that it's not going to happen(because it's VERY possible), people are talking as if the market was guaranteed to act the same way.

I do not think bitcoin can rise to $10000 before 2024. What I think can cause this is next halving fomo. If it happens like that, then history still repeats itself.

Yes, the market is still having around 24% correction, there should still be more.

Day trading and swing trading are different but I understand what you are trying to say but we should make new traders to be clear of what we are saying for them not to make mistake.

Ukraine bought bitcoin, the price increased. Ukriane wants exchanges to freeze Russian accounts, bitcoin price decrease a little as some Russians sold their coins.

*might*

For me, if you are a responsible and well-knowledge trader even what is the condition of the market (bear market or bull market) you can still earn profits.
For example, doing futures trading because as you know, we can short the market or make profits even price is dumping. I know some people who makes lot of money even bear market.

actually its a good idea to save money for the next bull market rather than day trading because it quite risky..

But the fact that there still an opportunity even market is on downtrend, so surely no one can stop them to day trade because it's always a good idea for them in order to make quick profits no matter what is the situation of the market.

Not that really ideal nor be that effective.If you do wait for some re-entry then when it would be? You would really be missing out lots of chances if you are really that making yourself paranoid for

perfect entry but it isnt really that surprising that investors are becoming even more wiser when you are really getting that experience but for those who are just starting up then it would be no surprise

that they would really be reading up other peoples experience thats why their behavior do really changes too nowadays.There might be still some noobs who do make out rush decisions
or being too careless but it would really be just less compared on last years or in the past.

In short there's no assurance for the next trend, and seriously you can't stop them from trading because the market will not move if there are no traders.

Whales can easily manipulate the market, so these assumption might not happen at all. I'm still Bullish with Bitcoin for this year though of course buying at the dip price is not bad at all, I just don't see the reason why there's a need to stop trading for now. There's always a good money on this market, better to learn more about trading and you'll surely make money regardless of the price trend.

Well, they're all "might" be opportunities, no one can really know so really, go invest on what you think is the best, and probably if you're a panicky type of person, just stop looking at it and let it sit for a few years. Most investors fail and pull out at a loss since they're afraid of losing "more", but the point is you already are supposed to have lost whatever you've invested in the first place. Always take time as a factor when investing, it's one thing that keeps most investors away but also the one thing that could help investors profit imo.

In the midst of death there is life. I hear this times when people say it and about trading, even when it is bear some traders still place a buy order and get profit from it. Bear times doesn't mean every trader should go off the market, of course trading should not be in just one straight line but up and when it should come down is to sell. Trading and hodling don't follow same way.

More likely a FUD to me and not a good trading advice especially for a newbies.

It's better to encourage newbies to study more about trading and learn how they can make money despite of the market trend since there are still money on a bear market, which actually prefer by many traders because this is where the price becomes more active.

2022 - Learn more about trading, monitor the market
2023 - Apply your learnings, accept every failure and do better next time
2024 - You are now a good trader because of those sacrifices you've made in the past two years.

This should be the gaol and a way better for me.

We never know what 2022 really holds for us. Although the current situation does point us in the direction of a bear market.
But it can still reverse and take us to a new joy ride of a bull market by the end of the year.
But yeah, saving capital, as you say, should be the highest priority of most of the traders in the current highly volatile market.
We are seeing swings of more than $5000-$7000 every week now. There are people who are gaining from the volatility but there might be many taking losses.
So it's better not to trade and save your capital instead of losing it to the volatilty.

I have read an analysis that tells the same thing about 2023. Well, that guy is really a good trader and investor as he's always accurate and winning with his leverages.

That's what I'm waiting for to come, 2023.

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits  it again.

This year and 2023 don't look like bear is taking over. This year with what is happening with news about making bitcoin as legal in some countries, it is seem that if bitcoin is acceptable to the level of legal status, then many investors will buy and bitcoin will increase. The halving is also getting approaching by next year, the volatility will increase and the price may go more highs. Buying now maybe a good buy  ;D :D

It looks like a bear but if we look at it this is short term only not the same like past years which heavy correction happens since now many legal matters happen and more institutional investor are now pouring money unto bitcoins so its good for majority to not get panic on some situation especially by now where war happens and it affect the global economy.

For newbie they should learn almost the basic and let those learnings sink on their minds because all what they go thru may be the learning experience to them.

Your topic and advice are simple but in reality, it is not easy to practice for many people.

Market has ups and downs daily, weekly, bull and bear periods monthly or yearly but in general, Bitcoin is a gift for all of us because of its manificient designs and technology. Satoshi Nakamoto created it and allow all of us to get Bitcoin as a biggest gift ever in history.

Question and challenge for each of us is: whether we are able to accept Bitcoin; actually step in and invest in Bitcoin; able to have diamond hands and enough patience, determination to hold it for several years. I present it in ordinal steps which are important to decide who we are in Bitcoin market and whether we are able to earn profit in this market, with Bitcoin or not.

Imagine if you were in 2017 now, where it was $3k to $20k in BTC price. If you knew that the price of BTC would exceed that, meaning it would reach the current price now, $39k~$42k, wouldn't you want to buy more? The best way is to accumulate more and more BTC regardless of price. This only works if you believe with BTC or whatever asset you will HODL.

No one knows what would happen, but it's better to believe in one thing than nothing.

I think it all depends on which strategy is best for a particular person. Your option is more like investing than trading. I agree that it is often more profitable, but this can only be found out after a fairly long period of time. Whereas trading, even in the medium term, within weeks or months, yields faster results (of course, the risks also increase). Therefore, for many people, this option is a more "visual" proof that their method works and gives a faster result.

No I don't have any "expert" calculations, and "expert" graphic analysis to prove anything. I merely have a pleb's guess based on Bitcoin's market cycles from 2012, which I believe are the same as the "expert" calculations made by the "expert analysts"in the forum.

That is very unfortunate that we never know and this implies no one who invests in Bitcoin and holds it forever because of thinking it reach $$$ like to say $100k. And this is the reason why every time the market went down, they are selling off, not even to think about buying.
Maybe it was because we realize that Bitcoin will grow and have a brighter future. People have been encouraged to hold for we think about a huge profit in the future.

I just wanted to start from 2021,

2021 - It was not a stronger bullish year as expected like 2017 or 2013 hence we need to change our view on upcoming years.

2022- Might be a bearish year only if we would have had stronger bullish in 2021. We had moderate bulls in 2021 hence 2022 might be having a sideways market or continuation of bullish trend from 2021.

2023 - Will be based on 2022. Can be bearish if we have a new ATH in 2022. Otherwise sideways market possible.

2024 -  Another halving year. Hence, sideways to moderate bullish toward the ATH of 2021 (or 2022).

2025 -  Another highly expected year with full of bullish (if we get $100 in 2022, then 2025 will be the year of hitting $1M levels).

Or maybe you can always provide 2 asset options in stable coins and in crypto (if it is already bought at the highest price). Usually beginners are prone to entering when the hype is rising and then being carried away by the current so that they don't pay attention to prices that don't come back. First, let the assets that have been purchased and have not had time to CL, then the second thing is to provide stable coins to take part when the market has really corrected itself.

Because, there is no expert that could predict these things with precision. I mean it is quite understandable to expect what you are expecting because that is how it has been in cycles. Could it break that cycle and suddenly be 150k this year, 30k next year and 250k the year after that instead of yours? Why not? There is no technically impossible way for it, it is always possible.

However, if people are expecting what it has done so far to repeat again, then that is exactly what you suggested and it should not be that weird. I personally like to do what you do, and wait for a longer term as well which allows me to gather as much crypto as I can before the increase.

I have observed that going at long ranges keeps one safe and profitable. Like if I bought at 35k and sold at 45k, I am at profit, but did this thought come to every other trader out there? Maybe no. Otherwise everyone would be profiting and we would not see threads that say the same.

Instead of this safer and profitable method, some users have to go with day-trading. They can put off the risk and want to rather bask in the risk. These people will get burnt and they will not change even after reading this thread. In fact, it is good that they dont change so the ones who can get profit can get it easily and keep quiet while they go on raging on exchange trollboxes ;D

Those who have nerves of steel will always survive, making profit from trading is not for the other group.

Are new investors patient enough to wait that long? I doubt that. That's why they are mostly in the meme section.
They are mostly in a hurry to make that big profit like they are being chased by whoever they took the loan from. Banks or their friend.
I like the idea of that long term thing but there could be changes in the strategy midway or even as early as possible if the bull market starts showing.
Selling to accumulate more.

People are entirely different when it comes to various things from the way they do think until into their own personal perception and views towards things and on how they would make out some approach

to it thats why you couldnt really stop people on making out step even though it doesnt agree on our own principle and just giving out some advices isnt bad whether these fella's would
would tend to follow or would basically be still be going on what they do have in mind on the first place.

I doubt that patience is what you can attribute only to new investors. There are a lot of experienced ones, who are not patient at all, who are in rush for fast profits. In my opinion, a lot of newbies on the contrary, tend to listen to advice of those who have been in the market for a long time. They are new to this, whey are often mere afraid to loose money, because not everyone can recover after losses. That is why they tend to invest more accurately and safely, thinking about having some guaranties, even if the profit is smaller.

I can't say every new investor doesn't have the patience to wait that long because one of my friends just invested a lot using his cold money to BNB one month ago and he said he will hold it for around five years. But yeah most of them just want quick profit or quick big return, I have a brother who wants to learn how to trade but when I ask him why he want to trade he answered me because he want to earn quickly in a month. In the end, I won't guide him from trading because of his bad reason.

If we base it on our own experience as a new trader we cannot really say that we can wait for long especially when we see the market is having a bad run which affect the whole cryptocurrency and for sure we will also get drag by the emotions spreading on the market. But if we experience the major high and lows then most provably we can take those challenges then can able to wait for our set timeframe for our investment son some coins out there.

I would guess that there are more newbies who end up making bad decisions based on emotional trading versus the number on veterans. Doesn't mean that patience is something only lacking in newbies, but it is certainly a higher percentage in newbies than in veterans.

You do not have to always explain yourself in a sense on what the difference is each time, just generalization because you are just posting it on bitcointalk is fine. Veterans know that even though there is a chance of getting rich overnight, the bigger play is long term and you could make more money in crypto than anywhere else and get richer. That is the key point here as well.

Everyone will have their own opinion, no one is the same and this is your prediction. But what's different here is that bitcoin's past is different from its present. In 2017, most investors in bitcoin were retail traders like us. In 2021, bitcoin is invested by organizations and billionaires, becomes a payment method of many companies, is legally recognized in many countries, even legal tender.
This has not happened in the past, so it is highly unlikely that we will ever return to the long-term bearish of the market. But nothing is impossible.

I don’t think anyone got rich buying Bitcoin last cycle. Let’s say they bought at $19.5K because they were anticipating a break out from the old $20K ATH. Unless they sold at 3x where they would of made 200% it’s not going to make anyone a millionaire.

Last cycle was all about the Defi, airdrops, NFTs, Meta, etc. Those were the real money makers. There were some many airdrops, many in the 4-5 figures that they were pretty much giving money away. Bitcoin never gave that. The time when Bitcoin made millionaires was during 2016-2017 before it broke $1K ATH.

Anyway, I agree with @OP's suggestion to save money and wait for the next opportunity because if we keep trying to day trade or something else, while we don't have better skills, we will find it hard to make a profit.
But it is a free choice for everyone, especially beginners who want to keep a feel for trading in today's times but still be careful because the market is constantly changing and volatile.
If you decide to keep trading, don't spend too much money if you're unsure of the move and avoid hoping to make a big profit if the market doesn't look like it's moving upwards.

Some simple and very basic tips I can give to newbie traders are:

1- Don't fall for the hype and don't panic for NO reason
2- Don't invest in memes and if you do, make sure to cash them asap
3-Avoid following the so-called Influencers, everyone is paid!

Another very important thing is, around the halving time, the price will normally go upwards. So what you can do is, buy some good amount of BTC right before halving and then sell it after the price has pumped.

Yes I quite agree with the tips you gave and the most important thing for newbie traders is that they need to understand first about trading,
because with the lack of experience it is too risky to start trading and there is much to learn,
Besides that, finding the right strategy for yourself is also important

Simply suitable for a newbie :)

Perhaps each of us has our own approaches, I am not a savvy person in this market, and I know that predictions are relative and we all have arguments for what we do when we search. I like DCA to increase the number of cryptos and then there will come a time when it will be necessary to rotate them with other assets. It will be more beneficial to keep abreast of market movements.

Your choice of expression in, "Might be" is accurately suggestive of the truism that in cryptos there's nothing certain. Everything is based on speculation. I, for one, believe that Bitcoin will remain bearish in this first quarters of 2022. After this quarter, I expect it to resurge and go on a high once again. Then we repeat the circle as we have had in the past circles towards the end for the year. However, let me quickly point out here that times and tides have changed as we've seen a lot of mix in the industry. Institutions and whales putting their money in Bitcoin. Even this ongoing Russia/Ukraine war can trigger a different dynamics, either in favour of Bitcoin or against it. Personally, I expect it to be in favour of Bitcoin; knowing how both countries have favoured it before going into this senseless war.

Yeah, but this is more about making fast and big money. All at once. This approach requires quite risky thinking and willingness to lose all investment. When we talk about bitcoin, I think people associate it with a stable and less risky income. It may not make you a millionaire, but you are more likely to stay in profit.

As this user suggested, an experienced trader is usually capable of achieving profit, despite the market condition. Certainly, some days are better than others, while not all opportunities are equal, profit can still be made.

I guess that we're used to compare the current situation, with 1-2 years ago, in which Bitcoin suddenly skyrocketed, leading into thousands or even millions in profit.

Good, in short the OP is confining us to the HODL methodology which is the safest one and there is no loss as long as you are not selling your crypto currencies. With the time crypto will show numerous ups and downs and could result in shocked situation but all you have to do is hodl until you get desired profits.

However, to point out, current year is also the biggest DIP, and I feel like its worst one and we may not ever see it again if the crypto breaks the current resistance in the up coming days. Reason one, peeps are buying the currencies at alarming rate and thus we are making strong liquidity base, meaning at some point there will be large number of assets to trade so price wont fall sharply. Secondly the whole community is driving themselves towards halving year 2024, so brace for the bigger up surges.

The HOLD strategy works at a long distance only for Bitcoin and Ether. There are only 3 cryptocurrencies from Top 10 by capitalization in 2017 still in top 10 now in 2022 - BTC, ETH and Ripple.
All the others cryptocurrencies dropped out of the top 10, including Litecoin(which is still good) and Bitcoin Cash.
Therefore, I would not say that HOLD is a 100% winning strategy. It is always necessary to monitor the market, otherwise you can easily get losses.

We all mention hold, hold, hold, but no one mentions for how long, or what determines when to stop holding and convert to cash, or what else. You're mentioning for long-term, how long is that period? We've also seen examples of holders who eventually gave up after Bitcoin's crash in 2017. Thus, I believe that the holding strategy is a bit vague.

Certainly, we'll have to convert to fiat eventually, however, Bitcoin and Ethereum aren't the only reputable coins, such as Binance. Wasn't aware that Litecoin had dropped from top cryptocurrencies, hadn't noticed all this time.

As far with hodling is concern I think bitcoin and etheruem are the most reliable. Ripple isn't in high demand even though it is still retaining one to five spots. But on the higher level the bitcoin is the general choice and followed by etheruem before any third spot from the 10 spot. However, BNB has been very popular the last two to three years. Binance is looking to stay comfortable on 1 to 5 spot for longer time since it established itself as one of the largest exchanges.

Well, litecoin didn't exactly fall out, it just dropped to 21st place.
But now it's not only far to the 3rd place, but also to the top ten in principle.
It is well noted that the HOLD strategy can be successful, but you need to understand what you are going to do in the end? When to get into fiat? Or do not go out at all and wait when almost everyone would be accept payment with bitcoin.

Still, you should not rely too much on the binance, this is a very centralized structure. I would consider only POW cryptocurrencies - BTC, ETH, LTC and others

Interesting, I just looked it up on CMC and didn't notice it. Anyway, holding requires a lot of patience and setting the right goals, at what point are you satisfied with the results, and what kind of results are you expecting from your coins. Certainly, history has proven that it works, however, that's a vague statement, since Bitcoin could potentially recover back to its old ATH in 2-3 or more years (that's an example).

Likely suitable for newbies but my question to OP is, what if he's wrong?

Does history really repeat itself like the last time? Or there will be a slight of change when facing the future?

I tend to agree that each of us has our own approach to the market situation, so telling them to invest this year and that year might not help if they listen to you. And I myself still in question about this market since ever since I knew about it I hardly know a precise prediction that point to the correct price. This market is always unpredictable to me, so take your risk on buying and stop waiting if the market would go down or not.

My advice to newbies...
 * never think much for the future
 * might this year 2022 is full of dumbs, prepare to hold then
 
We have to keep in mind the market volatility and speculations could be wrong that is why we don't have to weigh this much. If we are investing reliable coins and have a use case, we are totally safe unless we sell them.

You are not new :) And I know that if there's a mistake, it's okay to see that mistake as a motivator for future opportunities. Life has many lessons for us to apply. Not necessarily the lessons you learn will be used for a certain field, but the flexibility in the ability to apply knowledge will help you. And the experience here includes success and failure.
It is the basis for us to set up new versions. Of course, the results must take place before we can evaluate them, and before that, the prediction is for reference only. I think forecasting needs to be looked at from many angles, past, present, future,...

If you are optimistic about bitcoin then you don't need to worry about the past price charts and hold for long term rather than indulging in trading.If you see in the long run profits have been delivered to the investors is I speak solely about Bitcoin and that's the best thing.We can't predict the future with exact precision and there could be some factors that decide how will the prices react in future and this time there are hopes it will get high this year but still make your choice.

Litecoin is a good example. Many of those who came to the crypt have long perceived it as a TOP cryptocurrency and this is partly true, but over the past 2-3 years it has lost its position, although the "brand" of litecoin is still strong. But you can lose a lot of money if you believe on hodl strategy, cause litecoin still didn't get it's ATH of 2017-2018 years when it was about 400-500$.

That's why I say that the HOLD strategy works so far only for Bitcoin, which eventually returns its positions and takes new ATH levels.

A good trader could take every market situation as an opportunity to earn and gain profit. As for me, the bear market shouldn't be feared but we should learn how to deal with it. However, beginners should start gaining enough knowledge first before trying any form of trading because through that, they will be able to trade no matter what the status of the crypto market is.

We don't actually know that, it could take years for Bitcoin to recover, which did happen in 2017, crashing from $20.000 to $6.000 within a day or two. Recovery took place 3 years later, in which plenty had given up, including myself. However, I was one of the lucky ones and I didn't sell my Bitcoin back then, because I had completely forgotten about them, only to regain access in my wallet in 2021.

If trading is the main source of income for you, then you will not be able to just sit and wait for a good opportunity to buy coins at a lower price. In this case, you will open a short position without waiting for a low price to provide for your family.

There are traders though. I mean I am long term as well and only trading with a small portion of my portfolio and there is nothing wrong with holding long term. I believe that is the best way to make money in crypto as well. However that doesn't change the fact that we are in a situation where we could make a great amount of money where we could trade as well.

It means that these traders do worry about every single move, the short term moves to long term ones. Why? Because they are traders and that is what they do and every single small time change could impact what they do very much and that is why it is a very important result.

Most of the top cryptocurrencies in the market would definitely increase in value in the years to come and I believe 2024, like op has said, would be likely a bullish year for most crypto assets. I’m not going to miss to invest in Bitcoin and ethereum right now because these cryptocurrencies has a bigger chance of increasing when the time comes. Bitcoin has always been repeating this bullish cycle every four years that there is a halving in the market and Ethereum has always followed it closely.

There are also other top cryptocurrencies in the market that would increase in value and I’m holding a few of them that I think are a good option to HODL in my wallet. There isn’t any need to hold too many cryptocurrencies, just a few is okay.

Long-term has been my own means of making good profit from the crypto-currency market. I have always made sure to follow this bull and bear cycle since 2017 and it has really been working for me. So, I am not going to miss it this time around.

A lot of people has been complaining that the market is bearish and that they want it to increase in value, but we have already seen the market increased in value and I think this time would be the proper time to start investing as the market is bearish now. And within some few years like you have said maybe 2024 or 2025 , we are also going to see another bull run that will take place. The cycle will repeat itself again.

Crypto market has a bull and bear cycle, but the cycle may not repeat as the same as previously. So, basically, what the trend to happen in the future cannot be predicted based on the previous bullrun scheme only. We must consider the current factors that may influence crypto trends, for example:
1. Current world economic status
2. Massive adoption of Bitcoin by big parties (BTC as a legal tender in El Salvador, big companies follow BTC investment)
3. Hot issues around the world (wars, Covid pandemic, etc)

These factors may change the scheme of the bull-bear cycle. So, be careful to determine every decision for your crypto investment.

This post bothers me for a multitude of reasons. Why would you say something might be if you have no evidence pointing towards such an outcome? The day after next year, the internet might be banned all over the world and Bitcoin could become completely worthless. Will it happen? 99.99999% probability of no.

This is not really giving anyone advice this is just trying to impose hodling on newbies. While hodling, in fact, is the smartest thing to do with your crypto, there is no need for further speculations.

Everyone of us here that involved in bitcoin are for sure optimistic with it. Past is past and what is important is the present although there are some that based their analysis in the past price of bitcoin to tell if the future movements are going to be upward or downward.

I think this is somehow useful because even me I see that there are years where btc seem to follow such pattern. On the other hand, the term trading doesn't only mean of selling but under this term, it also means to buy. You trade your fiat or whatever you have for btc and then you hodl that btc. Trading now ( buying ) is a good thing to do since price of btc is still cheap.

Just as it is important to know when to enter the markets it is also important to know when to stay away from them, the market conditions that we are witnessing are not exactly the best so staying away from the market is not a bad idea, also it is not like this is the only market that exist, there are many other markets, so until the market begins to show strong signs of improvement then it could be a good idea to invest on those other markets for the time being.

It is also very rare to notice what percentage is considered sufficient income. When exactly to leave the position, to cache out, when to withdraw income? I often hear from more experienced members of the forum that I need to close the position when "the risk-return ratio is satisfactory for me", "when I am satisfied with the percentage". But how exactly can I know what percentage you I to be satisfied with in a particular situation?

When I was just starting to learn the basics of crypto trading, I thought closing the position in 1-2 days with a profit of up to 2% was just fabulous. Then I saw how people did more than 30% in one operation in a few hours. I rethought my approach to "adequate profits" after almost every deal. So far, I have not figured out what I can start from, where is the range in which to close the position, so as, on the one hand, not to feel lost opportunity, and on the other - the unnecessary risks that lead to losses.

Trading is also a test for your patience, especially if you are on a medium term trader since your target price can’t be hit easily and still no assurance for that if the market will start to recover or not. We should continue to understand the market, every newbies have to do their best to learn the process because trading is a huge responsibility so you can make your money grow. The market can go on a different direction, you should be able to track that and follow the trend.

 It is basically a waiting game. It is like holding something up and whoever holds it longest without ever dropping it, will be the winner, kind of like a survival tv show game. At the end of the day person who sees the fact that no matter what they do, the price will always go up in the end, and recovers with that knowledge, will be the winner. The one that thinks they can sell, get lower, and sell at higher will sometimes win and sometimes lose big time. This is the battle, the person who wants to be active constantly versus the person who is fine with making profit no matter how long it could take them to do that.

Mostly those people who want to earn quick profit who doesn't have any patience, Also we should use our money that we can afford to lose to prevent any stress and panic happening when the market didn't go like what we want. Dont ever use your hot wallet for an investment when you have any emergency you dont need to cash out your trading asset and you can keep it for the long term.

That should be backed up with a concrete plan and we have to responsibly take action on our trade. This is like a waiting game indeed that we need to extend our patience as well. And the usual reason why many traders had fail it is due to a lack of patience, they usually think negatively and have worries inside. Newbies need to understand the risk and much more to understand the volatility of the market coz if this is hard for them, there is no way they will succeed and this is not really meant for these people.

While reading your post, I recalled similar recommendations from other forum members (which were often not specific enough, but rather hints on what to do if you have an extremely stable mental state), but only now I have an idea on how to implement these tips in life. I think that the risk should not just be accepted as something unpleasant, but necessary. I believe that it should be fully accepted as a necessary basis for possible profits. Only through risk are revenues possible that traditional financial instruments, and especially hired labor, do not generate. This is a kind of investment. We invest our time to get a salary. And to make a profit on the crypto market we invest our acceptance of possible risks.

I agree with you that why new trader or beginner shouldn't jump straight into day trading. There is a lot of risk involved and while there is a chance to make a big returns quicky, it can also mean a lot of money quickly. The biggest risk we face in day trading, is to over trade. Buying and selling without making a return after cost. Transactions cost can eat up a lot of the profits.
Waiting till 2023 for asset prices to hit rock bottom might not be the best strategy. Do we really expect the Russia Ukraine war to continue until 2023? I don't hope so. As soon as there is a ceasefire the world should be relieved and some normality should come back. It's going to take years for the conflict to be solved, but asset prices should rise again when there is light at the end of the tunnel. Being atleast partially invested now will let us profit from it.

Trading requires complete concentration and with newbie traders it can be said that they still lack experience,
mandatory thing for newbie traders before starting to trade they must really understand the market,
trading is not just about buying and selling coins so prepare everything

That concentration skill is something that is underestimated by people by a lot. It is something that is very important but at the end of the day we are talking about something that is the key to success or at least one of the parts of it as well. What we are forgetting is that no matter how talented you are, no matter how much you study, if you do not focus your trading then you will be distracted and your results will be subpar.

I personally have done a lot more than my fair share of distracted trading and I can tell you that it definitely brings a subtle problem for my trading. It is not common, but it is there and I make silly mistakes and lose money because of them.

When it comes to that  there are only two approaches which you can implement, the first one is the one you are talking about in which before you make a trade you decide beforehand the risk reward ratio you are comfortable taking during that trade, but that option has the disadvantage you could sell too soon and miss on some huge profits, the other option is to let your trades run, basically you do not set a limit to your winnings and you let the market do its thing, which is what those obtaining 30% profits or more are doing.

The historical cycle of bull and bear crypto can actually be a basic reference, although the pattern is different from the previous cycle. I think the OP wants to give direction to be careful in day trading or to carry out active trading activities at this time where the market is uncertain, which has the potential to lose, and directs to make purchases carefully and wait for the right moment to buy and sell in order to make a profit maximum.

Your opinion is also really useful where we also have to be ready to face the market which tends to continue to change its pattern depending on various other important factors that we don't necessarily know in the future. If we continue to look for information and combine it, I believe we will get benefits that will be useful in making crypto investments in the long term.

Hot wallet cold wallet concept is often not taken seriously by many investors, this is a good thing that you use this terminology means you know how to handle your money.

Besides patience should be maintained by every investor otherwise buying and selling will never happen at proper prices. People don't get that market will always bounce back no matter what happens.

There will be newbies who complain of prices to be too high and fomoed people saying prices are too low. It is a matter of perspective. Keep yours clear and you will profit and the easy way to do that is to get in at a low price and exit at a high price.

There is nothing sure on the crypto market .Look you are also saying that it might be the bear market on this year 2022 .I just don't wanna ignore you it could be the bear market .I don't loose my hope on any situation even the market is on more deep .However its a long time you are asking for waiting but i think it will be more better to find the entry point if we have .There are many strong crypto project are on the market and now we have web3,metaverse and many more .So that we need to research more and make an entry on good point except put our capital on idle.I think it is good to avoid day trading but we can really invest on good project for long term and i hope we can really get a good return .

I somehow agree with you. The best entry point is right now. It's too risky to wait for a possible dip in 2023 to start investing. Many people are always looking for the perfect bottom to finally purchase their first amount of bitcoin, but they are never able to do this, because bitcoin is never cheap enough for them and when they least expect, bitcoin enters a bull market again, so it's too late to invest.

Anyway, every investors should be prepared to start seeing profit in few years in worse case.

This is going to be difficult for them, even if people dream of making money while doing nothing, the truth is that very few people can do something like that, people have the need to do something in order to get success, and it is because of this why holding bitcoin is not as popular as it could be despite the overwhelming evidence about being the best and safest strategy that you can use to earn money, so with that in mind even if I think your advice is correct very few people are going to follow it.

Simply they do really need real experience for them to learn and not really just making out some actions without any basis or analysis or they do live into their expectations which is to make easy money but we know

that this isnt how the market works which means they do need to have some experience first and made out some learnings out of it and do have some good grasps before anything else.
Dont rush up on making or thinking about profits or money because this would really be just be making out those kind of desperation moves.

Unfortunately people think that patience in the market is only for selling and not for buying. If you do not wait, there is a good chance you could miss an opportunity that could be better.

I disagree that you should go all-in right now or later, but you should never invest just one moment. If you think right now is good and future may not be great, invest with some portion of your money and not all of it. Then whatever you have left, and whatever you can save later on, you could just keep on saving that and invest it at a later date, and a later date. That way you keep investing at each price and you would be able to get a profit easier.

Newbies with plans to benefit from the next bull run should start now. Now is the opportunity that they have to make that huge profit from the huge uptrend that will take place in the future. Just check the past bear and bull cycle how it happened, after the correction took place the market stayed on that low for a very long time and I think the current price we are at now is the low for this cycle, the 30k to 40k range.

The market has been circling this rate if you have been following up closely. So, it is now for anyone with plans for a long term investment that would reach 2025. On the next bull run there might be the possibility of the market reaching anywhere around $100,000 :).

Well, 2024 is the year of halving, and like always the year after halvings we had some pretty nice bull runs that led to new price records! I believe that history will repeat itself once again, so I completely agree with you that people should start accumulating if they didn't already! This and the next year will be tricky ones, I guess we will see some lower levels and dips, people need to stay strong, and instead of selling people should try to buy these dips! Sometimes it's hard to stay strong, but that's the cycle we need to pass and I think most of us already know what is the best thing to do in these times!

Yup.

They should listen to us that have experienced two or more halvings and bull runs. It's going to be a life changing moment for them if they start accumulating right now and we don't know how high the price could be by the time halving's done by 2024.

Everyone who's been here just to pass through for this year and next year. Next year might be the bear or this year as there's still 3 quarters left. Anyway, just looking through what 2024 and upwards can bring for bitcoin.

Indeed. Many speculations spreading that this year we are bullish again. Anticipating the market spike should be done earlier if possible and the current price is somewhat good for buying. We don't have to miss this chance otherwise, regrets will be taking place later.

Bitcoin had started to gain the uptrend momentum by now. We might be able to see the price of Bitcoin at $50k in the next quarter. Not really impossible as the market is quite moving high at this time.

However, we must be aware that the current market conditions are still not really stable even though the market is currently moving high,
keep monitoring the market movement all the time and I think it's important,
we'll see later in the next quarter whether the price of Bitcoin will be able to reach $50k or not

The volatility of the market will always be a deal here, it is true for crypto at any point. This means that we should not be shocked that there are some people who are looking into crypto and thinking it is going up and will continue to go up. Most of them are wrong to think like that, doesn't mean it will not go up it "may" go up, but the reality is that just because it is going up and has the momentum doesn't mean that it has to keep going that way.

This is why I believe that we should not be shocked about the current situation, just focus on how we could get better and we will do a lot better in the long run. This is why I believe that if you see it going up, just be careful, be hopeful but also careful.

2024 is still far to people who don't have the patience to wait, we should encourage them with positive comments and never do anything negative comments to them it will make them become uncertain about crypto, it will make them not confident from what they hold. When we wait till 2024 there's a lot of market movement that will move our mind to sell it that's why patience is the most important role here.

Well, I guess everyone is somewhat excited for the upcoming halving as certainly it thinks that ATH is possible. But we don't have to wait that moment then, investing it now is a good opportunity given the market for us. The price is low, 2-3 years from the ATH show up as it happens in the previous halving.

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Therefore, I suggest newbies start accumulating now as this never happens again once the market started to rally. Precisely, we don't need to wait for the price of Bitcoin will reach $50k.

Yeah, really those people are not used to waiting that long for an investment to generate profit, especially when they don’t have enough money to spare. It can be an easy thing for the whales, they have lots of money, so there is more than enough to spare and they can decide to invest in the market and hold for as long as they want and not even feel it.

For someone who don’t have that much, there is the possibility that they would find themselves in a position where they will be in need of the money that they have invested and that would make them to withdraw that money and that disrupts the whole plan of HODL'ing.

Thanks for this wonderful advice, but I am still thinking that this market situation can favor some day traders with big capital to invest and take the little profit they have, although the market is not predictable and this year 2022 has come with bear market which I think it's going to an end.

Before you start trading you must gain knowledge from different sources or you may face huge losses at any time. Moreover, you will not be able to trade due to excessive greed, otherwise you will face huge losses. Don't trade outside of your budget.

The current situation was same during 2017 when ICO publicity the crypto market the main distinction was this institutional Investors as of now enter right now that make an enormous help on the cost. I comprehend what you are attempting to say however we ought to make new brokers to be clear of what we are talking about for them not to commit error.

Which is a shame because most of the time you can tell if a person will obtain profits or not based on the price at which they entered the market, after all someone that invested in bitcoin when its price was at its ATH will have a lot of problems holding their coins and will at some point sell for a bad price and lose money in the process, while someone that waited for the dip will without a doubt have an easier time holding their coins and be in profits almost immediately, so they will be able to hold their coins for the long term without any problem.

No one starts on being a pro which its understandable that mistakes would really be normal but its true that we should really be learning from it instead on quitting or being discouraged just because you

had lost money which it is really just normal and you would be basically be learning off things on dealing or engaging with it.The next time you do encounter it off again then you do already have the idea
and awareness on what you should gonna do even though this market is unpredictable but handling it out and have some  idea on what to do is a must.Lessen out the risk as much as you could
and mind off on how you would gonna sustain yourself is the most important thing.

Well if they have a passion or interest in trading, they will take losses as a compliment to challenge their selves to become better at it but for someone that tries trading only because they hear that trading can give you a good income, they are the ones that will easily quit once they lose on their first few tries. Not only that but they will also blame and say that people that encourage them to trade are liars.

@OP, it looks like your predictions are wrong for this current year. Sure prices are dumping at the first few months but not anymore. Prices now are preparing for a bullish run. We don't know yet what can happen next year but 2024 is likely a bull since there's a halving.

Agreed, and the majority of people who lose their money are those who want to earn money quickly and without exerting any effort, such as by not learning something about trading. Since losses are not appealing, I do not consider them to be a compliment at all. Instead, I consider them to be a form of learning breakthrough, because they allow you to ask yourself why a trade is not working. I understand that you cannot predict every movement of the chart, but there are reasons for this, such as when there is new news that affects the markets. This is the most exciting part for new traders because this is the stage at which a large number of people give up.

I joined cryptocurrency because i see alot pf people making money out of it and i wanted to make some money for myself, without any serious knowledge of it i decided to join and bought some few coins, i didn't understand bearish and bullish period in crypto so entered at the wrong time and i hardly make profit for myself and ever since i started bitcoin has not been doing good. I guess i have to wait till 2024 now if thats the trend.

Its very long term profit and nkt Guaranteed. Every week Bitcoin showing bull and bear and once cam get profit weekly if have a knowledge of reading graph.
As your mention yearly market condition, ine would wait 4 year to get profit and its not sound good.
April is looking bullish and Daytrader and Holders can get profit from market.

I agree.

Market right now is somehow unpredictable, it seems that it is a bearish one but sometimes it looks like it's a bullish one. Trading right now is really not that easy, I guess for newbies and amateur traders that just started trading. I get your point as well, maybe sticking to stock trading right now is a good idea or not, but at least it's much safer.

The thing is that you can just hold Bitcoin as long as you want, but still Bitcoin is some sort of currency and you might need to buy something with that Bitcoin in the future, it's not that they don't want to HODL but the economy of some people are different and it could affect their trading performance as well. We just can't generalize everyone here, every people have their own issue with hodling Bitcoin as long as they want.

Seeing the state of price movements in the market is indeed very risky for a new sword, but for me for beginners who want to learn to be able to do day trading for me it is not a problem, but new traders do not use large capital, enough with small capital first, with the situation of the movement market prices like this, of course, a beginner will find out more quickly how the market price actually moves when it is up and suddenly it will fall quickly and can also go back up quickly, and can also drop the price far below the price they bought it for, with that maybe they will be able to think that market price movements will not always be able to follow what they want.

There were speculations about Bitcoin reaching $100k last year but that didn't happen and now we are back to $40k. We went as high as $70k I believe and imagine people who bought around $20k and then managed to sell for 60-70k that's an easy 3-4x in such a diluted market.

I feel like the next cycle will be all about NFTs because there are more and more celebs joining this space and there is a huge amount of potential and money in this market. Then there is also metaverse.

Day-trading requires techniques and experience for anyone to be successful and there are people that actually do lose money day-trading even during the bull season. So even if your other predictions do happen it doesn't stop anyone with the required experience and skills to engage in day-trading.

There's actually more that's losing than winning in day trading. The wins that they have are being shared while the losses, they're kept but they're doing a great job if they're now making their losses into wins.

It's good if your predictions are doing well and being hit, that's just a sign that you've got to do better and you need to be consistent if you're fine as you day trade.

Day trading is the fastest way to lose money for newcomers and pleb alike, there are many odd out there that might not work in your favour. The strength of character like patience , deligence and been proactive will come in handy than throwing money around iin the hope that you speculation will work! Great advice from the op!

I think day trading is not a suitable place for newbie traders because it is too risky,
it will be very easy to lose money if we don't have any experience,
Trading is very complex and we need to prepare everything before starting to trade

and the answer I will give is that I or most people still can't fully accept bitcoin. Bitcoin is only a speculative digital asset and only holds or buys when the price is cheap in our opinion and sells it if it makes a profit.

For the challenge of being someone who has diamond hands and is full of patience for years, it seems that it does require a strong mentality and with capital that really won't be used for anything other than Bitcoin investment. It's hard to hold onto years and pass some ATH.

I am familiar with Bitcoin since the price of bitcoin is still under $3000 and I once owned around 10BTC or maybe more and sold it around $4k-$5k.
If hold up until now and have a Diamond hand of course there will be many advantages in my hands. But being a diamond hand is very difficult.

The capital part is one of the hardest parts when you are not a rich person. I believe that I have "diamond hands", which is basically the fact that I do not ever feel the need to sell my coins, not when they are down, not when they are up. I didn't sell when I made 10x profit, I didn't sell when I lost 50% of that, and I am not selling now and I never felt the need to.

However, previously I had situations where I needed to sell it, for some personally reasons. The fact is that I may save money every month, I may not need that money, I can feel like that money is money I can afford to lose and move on, then life happens and a sudden very big expense comes along, and you spend it all at once. That is why going from pleb to rich is so hard.

if we know in the future, maybe now we have gotten a much bigger profit. But mentally who doesn't waver at the big profit at that time, and maybe we rarely find that profit in other investments such as stocks and forex. so for me the most important thing is that we have set targets and have been met, rather than we are losing money as experienced by many people who experience panic selling. maybe selling some and holding back some will gain our mental strength

I think A trader can not wait long time here you mentioned. I am agree to short time trade for some selected tokens and some long time trade in low price for better future days. On the other hand profit and lose is part by part in trade market so i can not sit down for prediction where everyone will move so that i have to take risk, yes i have to take this with study.

You are right Given the current state of the market, it is unlikely that the market will hit a new bull market again before 2024. So your advice is very important for newcomers. Even so, if anyone wants to do short-term trading without holding back, they can do so, this is my personal opinion.

It is alright if you have to pay for stuff in your life with the profits of your crypto profits. However, if you have to do that when it is down, that is the bad part and it would create some type of problem. If you put in 1k, and have 10k, and you have to take that out to pay something that means you wouldn't normally be able to pay it like that, so easily, but you managed to do that and earned something. It is not really a bad thing because it did helped you get better in life.

I paid my debts with it as well and I see that as an absolute win, now I have one debt left, which is about 100 dollars per month for the next 4 months, and I will pay that with crypto profits as well hopefully (if I profit like that). Do not consider that as a bad thing, it means crypto made your life better.

all full of possibilities, no one knows for sure, even though it's people who have been in the crypto world for a long time. are we going to follow other people's directions? I think it's good to follow personal analysis to be able to do it according to the analysis that has been determined by ourselves through research from our various points of view. that way if it's wrong then this is a learning process, and we don't feel cheated

I agree that it is better that way because by doing our own analysis and research it will make us trained and not constantly rely on other people,
doing analysis and research is a process and when it works I think it makes us satisfied

You're right. I was merely sharing my own experience, and how it might help you in buying the DIP, and HODL. But I'm not perfect, and I might be wrong about 2023. It was a simple analysis based on Bitcoin's bull/bear cycles. It would be Bitcoin's first time to break its own cycle if 2023 doesn't show a golden DIP buying opportunity like 2019.

Market not always remain bullish nor bear That why you just buy when it’s on sale and don’t sell until you feel you’ve made a quality profit. You have to be willing to accept that this could take months or even years. Always try to take entry when market down and don't buy all in one Entry. Buying in parts is best strategy. Booking profit is necessary. Don't be greedy.

Cryptocurrency is important to know that they have to enter the market from here and also stay away from something that is important here.  We are not the only market. There are many more markets. We can go here. It is important to see signs of improvement.

Not always in crypto we can make a profit quickly and it all depends on market conditions,
and before buying it's better to do your own research first at least it will help in making a decision,
for now many people expect the market to be bullish soon and I don't know if it will happen in the near future or not

Everyone must have experienced the newbies period, and at the beginning I was trading in crypto when the newbie was losing a lot of money, this is because I was just a trial of some suggestions that I found on the blogs or social media they wrote, the most important thing in trading is to focus and determine goal, if the profit has been achieved then you should immediately take action.

we are all newbies , even until now we can consider our self as newbie because no one here are perfect, I mean we may learn many things but this market is volatile that cannot be predicted , meaning there is still chances that we choose the wrong one and lose our funds just like that.
That's what we called willingness to stay Holding either short term or Long term , we must be ready to everything that will come along the way.

That is really really broad description of the market. Anyone can easily say this whole year is bull or that year is bear! You can’t say it. May be you can have an average value for every market. For example, first quarter goes really bearish and then investors start to put their huge amount of money into it. Altogether things starts to pump one more time and then it follows nice and sweet spot to pump the market again. With that comes the bull next quarter. I think such cyclic changes are really really common in the crypto market. So yeah, with all the quarters together might just give you idea if that particular year was bull or bearish.

But not all would really be having that risk taking factor or behavior on which we do always hesitate since we are talking some money on here which most people do really make out some bets or risk with their life savings which is totally not recommended if you do ask me.
If we do have able to accumulate while bitcoin is still really that cheap then we do able to cherish the fruit of our long patience and trust with this project or coin.
Nothing do able to know on what would be the future but we could really take some shot if we do see for it to be worth or not.

My advice for beginners is to control your emotions as well as possible now, don't let yourself get angry and take rash steps in the market that will make you lose. There is nothing wrong with us waiting for the normal price to return and then selling the coins instead of having to sell it quickly but at a cheap price. If you only have a little capital, don't be afraid to try, tomorrow or later the struggle will pay off by itself.

For me my advice is don't rush the situation especially if you know that you're not yet ready to face the real trading business because for sure you will regret afterwards..

Be patient, and follow the correct path to become a successful traders, i mean don't create your own journey because it's like you're making experiment and wasting money in it.  Keep learning instead and of course keep practicing, don't be so excited if you don't want to experience what other traders nightmare when it comes trading when they were new as well..

indeed for beginners should do long-term trading or investment. so that way we will be calmer with price fluctuations that occur, because it is often like playing with our feelings about the analysis that has been made. and if you want to learn daily trading, of course using a little capital for trading, this aims to train our mental, because it requires a process to become trained to face the market. the most important thing for beginners is not to think about the return from the business they do, because many of them are trapped in their emotions, so they do the wrong thing.

very useful, I know the crypto currency cycle is like that, before there is another halving Bitcoin price will definitely be bearish,
this has happened many times in the past years, but it could change, because the crypto market has really changed in terms of marketcap , we should know that.
2022 could be a bull market and 2023 bearish until 2024, considering that the altcoin season hasn't fully come yet

I think you are right, most people who invested around 2017 are the ones who have really made alot in crypto, ever since then the market have always been bull and bear, so it better you save up your cash and wait for the next Coming opportunities in the nearest future.

Good analysis and hopefully what is expected is true. that way we can square off to take advantage of the existing moment with the existing analysis. although we can't fully believe it at least it's a picture of the future and we can only follow the existing flow and make the most of the moment. it can be seen that right now we are entering a bear market and we have to be more patient for that until the market recovers. as said based on the analysis that the market will experience a bull market, we all want that. it does take time to wait for the market to recover, that's why you have to be more patient and careful in managing your crypto assets with the current crypto market conditions.

What is going to be noticed here is that it is important to know the market to enter here. It is important to stay away from them. We see the condition of this market today. It is not a bad idea to stay away from the market but it is the only market.  It is better to invest in other markets as long as the market starts showing strong signs

2016 and 2018 and even early 2019 and 2020. Well, almost all of those years when the market wasn't that much at its high everyone made a lot of money.
But the difference is that those who have seen they're already in profit have to sell and those that have a firm holding decision, they've made even a lot of money on those times. The reason why the holders who have been patient made a lot because they know that there will be a better height on it for the market. Well, I'm one of those who have sold early and I will be more patient when the next bull comes.

We can say the same for every year, the point being that the ones who bought at lower price will be in a profit if they have not sold yet. I think what people should be careful of beyond buying at low prices, is not to spend the cash at hand on shitcoins, which is a common habit among newbies that I have seen. The only coin worth putting money in the long term is bitcoin because it has been time and stress tested across a decade while shitcoins have been here for a short period yet to earn the trust of the bigger crypto community.

You are right about incoming opportunities though, they need to be seized and those who dont will just have to wait till it appears again, not feel bad about it.

In the midst of death there is life. I hear this times when people say it and about trading, even when it is bear some traders still place a buy order and get profit from it. Bear times doesn't mean every trader should go off the market, of course trading should not be in just one straight line but up and when it should come down is to sell. Trading and holding don't follow same way.

Wont be called a market if it wont really be having some correction and dumping state and of course there would really be selling points into those people who had bought early and this cycle would continue

and this is how market behaves thats why only the best ones who do able to make profits or do survive on this unpredictable market.Its understandable for a noob to commit out mistakes which is common

but once you do get familiarize on this place then you would really be molding up that kind of idea which makes you aware and do know on how to deal up with things.

What I'm really trying to convey here is that if you want to tag a guy, you have to put up with a lot of patience.  There is no guarantee that recovery will start here but someone should go here to understand the market and I think it is very important to constantly tweak newcomers to learn their reaction.

I agree.

Very on point. Market is unpredictable, technical analysis only helps us to increase our chances of guessing what it may do. Bear market and Bull market is normal, you could make profits out of it, especially in futures. Only those stock traders are the one's who needs to wait if they bought in the dip or it the middle, because selling on another ATH is the only option they have to make profits.

that is completely wrong , because 2017 is already the year of bull and what you need to say is that those who invested either Before the 2017(because the price is much lower then) or invested after the 2017(in which bitcoin value really drops bad also) those are the season we must consider as profitable from the investors and not just something in 2017.
give your instinct a chance if you wanted to be successful in trading here, because the world in crypto is not something you can earn easily but needs hardship and understanding .

The general rule in financial advises: you dont borrow money to invest.  Invest whatever is left after: 1. Paying off bills   2.  Setting aside emergency fund for 3 to 6 months.  3. Paying off debts.  Then any extra, you invest.

Only invest what you can afford to lose. What if the investment went bad. You would be buried in debts.

You are right, one of the biggest problems when you are a newbie is desperation, which makes you make mistakes, there is no patience, whenever you are going to do an operation, you want to win at once, I say this because that is what I felt when I started, then I started watching many videos on YouTube and to learn how to operate and what I did was learn about indicators that in the end didn't help me much because I didn't understand what stage the market was in, I didn't know what was happening or when I had to operate, and every time he did something he had to remove it, that's why the best advice is to be patient.

Only invest what you can afford to lose is a very tricky situation when you are not a rich person. For example I do this, I do not invest money that I shouldn't, and that means I grow my investment each time I get my salary and put some of it on bitcoin.

However, there are periods when urgent money needs happen, like health reasons for example, or debt that got created because of something else that you need to pay, an accident, or a new tax that you have to pay, whatever. At that point you will have to cash out and get out, which could be during a period when the price is low, or could be in a period when it's high. You never know, and it is hard to know beforehand.

Good advice, using free money then make our psychological more calm. Especially for investment it means we are planning finances for the long term, which happens today many from beginner investors who feel disturbed due to price fluctuations, especially see a drastic decline, then his emotions are turbulent, even though this is just a reasonable market reaction. therefore using personal money will be petrified we overcome the problem of weak mentality

The most important thing for a beginner is definitely the learning process. When I started working with a broker from Amarkets, I devoted enough time to this, thanks to a demo account.

actually we can also use not free money but the funds we can afford to dispose or lose, like for example bonuses from work? or something we earn from Side Lines

this is how i started my venture here in crypto because way back I am really in despair and has a limited income, so my wife never let me take small part from my wages to invest here.

what i did is find literal extra jobs so i can make my venture here and in my success? here i am now completely doing my things here.

You don't need to be a broker to learn demo trading. You can do that on paper as much as you wish before jumping into real time trading. While market is bearish right now, you can buy only to sell in the bull market. The patience to hold for that long is what makes the difference. If a newbie sells during the dump or buys during the rise they will end up in a loss.

This is not difficult to learn, but having a background of speculative trading does give one the edge.

when we get to know cryptocurrency, of course we imagine something fun, I think it's a normal thing, but we also have to be smart in dealing with it, this means we have to understand about crypto before investing. the most important thing to pay attention to is psychological, where we must be able to restrain ourselves with personal analysis to enter or exit the market

Be it before starting to invest or trade I think it is very important to understand it first,
Besides that, it is also necessary for beginners to prepare both knowledge, skills, and psychology as well.
Crypto is very risky and if we trade or invest without any preparation it will most likely be easy to lose money so it's better to minimize the risk from the start

this is a dangerous market due to high volatility, let's take as an example today where the price was at $34763 and in a few hours it started to drop a lot to the point of reaching $31,000, we are talking about a big price drop and if the price drops below $30,000 then we will see panic selling that could drag to $20,000... by which I mean that the most important thing is to have a notion of technical analysis to know where the main supports and resistances of the price of bitcoin to be able to make better decisions

Most people on Crypto Twitter, YouTube , telegram channels and even I was actually thinking that this cycle is gonna be a bit different from the cycles we've had before, but base on the current situation in the market right now, I agree with you #100% that this cycle has indeed follow suit the other cycles we've had in the past years and Looking at the entire market it seems everything is gonna ball down to 2023 and eventually take off 2024 after Halving.

Therefore Investors really have to take proactive measures in securing their funds maybe focus more on shorting the market or keep loading up their bags while Bitcoin and other coins gets cheaper.

One of the reasons i am with you is that a few days after the end of the bear market the number of investors suddenly dropped. At that time almost all currencies had a dip value. However there are a lot of new traders who just jump on the bandwagon of investing or trading on the word of others so I want to tell them to learn from their own consciousness because bear market will come to the fore.

Knowledge and experience are very important in the crypto world, as crypto movements are highly volatile. We can see Bitcoin is currently continuing
to fall very quickly in the past few days, now the Bitcoin price is at $31k. If we do not have good knowledge of crypto, of course we will panic to see
the price of Bitcoin dropping so deep right now. That is the importance of knowledge that must be learned by anyone who will enter the world of crypto.

I, who have been in the crypto world for a long time, have never stopped learning about crypto. Moreover, newbies are highly recommended to learn
at least basic knowledge about crypto before deciding to invest or trade. Many newbies experience big losses when they first enter the crypto world,
it's because they don't have good knowledge about the crypto world, so they don't understand how the crypto world works. I agree with you we should
be careful when deciding whether to invest or trade, prepare everything well. Maybe we will still suffer losses, but at least we can minimize the losses
we experience and understand how to fix every mistake we make.

Lets say on that bear market is currently happening as of this moment on where price had dipped down so hard which there's a possibility that we might go even way more lower this time.No one had anticipated

that we would really be going low this hard on this particular year considering that we had some good run on last years and hope that it would continue for this year but we are seeing the opposite thing
this time.

Advice for noobs or new people into this market is that they should really be aware on how unpredictable and volatile this market is.Dont put yourself on high hopes
on making profits because this isnt something simple that could really be attained.

If we look at this, we will see that if we look here, it will not only be like the posts here, but there are many legal issues to correct them, if we give importance to more institutions, then here in Bitcoins, money. A lot can be seen, but if it is available for the organization, it is good, but it will flow in two economic ways. There are many aspects to be taken care of for the situation.

The learning process is always complex for newbies who are not serious in the space. For a newbie to be serious, you needs the basis of Crypto to progress in the space. When the market is down, buy low and sell high in the bull market. Newbies need impatience in the space, if you are keeping Hodl of a coin, continue to hold because this is the market, you never can tell what will be the next target of the coin. Bullish moved are sometimes trapped moves for investors. Newbies needs a strong mindset on how to deal with the market when it's in dump.

When you dont really have that passion to learn then you would really be having that kind of hurrying approach which isnt really that recommended because its really prone to mistakes or errors
thats why its better to be slow but having that assured thing kind of approach when dealing with the market.This isnt something that you could deal easily and its not really something
that you could really learn up in a short span of time.Just be slow and be sure on how you do deal up with things and be careful about being that impulsive kind of behavior.

but as long as we hold the coin safe, I think as long as it is also not wrong to buy, it's just that this is not good for day traders, because they have to really take advantage of small opportunities to make profits every day. Unlike investors, where it is better to hold it until you get a profit according to the target, holding it is also not as easy as we imagine because it requires patience and strong emotions.

in not so good conditions I guess trading can be temporarily suspended, and prepare for long term investment assets.
if you want to continue trading, I think playing futures trading with small capital can be done to make a profit. For spot trading, of course, it will be very risky if you have to survive a bad market situation.

This is like saying trading is easy, but when you tackle the basics of trading you will say that it isn't easy because you need some patience to do it. This is the same with crypto in that you will say it is easy to earn from it, but later on it isn't. For all things in terms of investing, you really need knowledge first before jumping into it or having your money invested in it, because without knowledge you will lose your capital.

By looking at the current market conditions, it is indeed very risky to trade and if you continue to do so of course the consequence is losing money,
we must be wise in doing something in the midst of conditions like this,
Moreover, we also don't know how long this condition will continue

The most important task for a trader, as for me, is training. For a beginner, this aspect plays a crucial role and requires maximum attention.

Experience is the key and should really be the thing that you would be minding off specially when you are just starting up because having a good grasps into something which are engaging
where it is really that sensible for you to learn up things along the way and able to earn up enough experience for you to make yourself somewhat effective into this field because if you dont
then you would really be having a hard time on dealing with price volatileness and unpredictability.

Day trading is not that profitable anymore, the reason why many of us here preferred long term trading instead. Though we are expecting the market to follow bullish and market cycle, but it seems that the market will always have a long term duration of bear market these days, this is why long term hodling is encouraged. However, knowing the market is very unpredictable, so let's grab every opportunity that comes and make profit when the timing is right.

Experience is the best teacher for us to understand how the crypto market works. Therefore, an inexperienced person will find it more difficult
to understand the movement of volatile cryptocurrencies. That is why we must study hard and practice trading, in order to improve our experience.
So don't give up when we trade losses several times, those bad experiences will teach us how to avoid the next loss. Until we finally understand
how to generate sustainable profits, therefore being a successful trader requires a lot of sacrifices. And there's no such thing as an instant successful
trader, we need to experience several failures first. But as long as we can go through the process patiently, I believe we can become successful traders.

If you see a bearish market condition, it is very risky for daily trading and definitely needs to be reconsidered,
You also need to be careful in making decisions because if you are rash and in a hurry, you will most likely lose money,
there is also truth in what you say and the important thing is to always take advantage of the opportunities that exist to make a profit

It just depends on the ability of certain traders. If they want to do day-trading then do it, you shouldn't let people like this tell what to do and tell em to avoid certain thing. If you are capable to do day-trading and know the risk of this type of trading, then you should go for it maybe you will earn something from it. I just hate it when people say, please stop doing this and then do this, where they don't even give the correct reason of this.

The best thing to do right now is buying/hodling. My best advice for any newbies out there would be to hang on and do something when you are ready, not to rush into anything, but also be ready for an increase at any moment. You should be ready to get in at a moment's notice, which means having some money in Binance or any other exchange that you are using so that you could get in right away.

I know that it is scary to think about putting that much money into something you never or rarely invested and hoping that it would do when you have seen it do so badly so far, but it will surely get better, at least the top ones, and you could make a lot of profit.

but Yeah , it happened and the price continues to fell lower nowadays, we might be seeing another lowering week and in the weeks to come as the second quarter is just starting the dumping season.
but there is no opposite happening but it is the dump that covers the whole market now.
and they must be knowledgeable that the market of crypto may bring them profit in short term? but mostly in long term .

Most of newbies did not buy in bottomed and when market goes up then start buying. It's not good strategy. Bear markets are the best times to buy as u get everything at discount . If u can hold long time u will always make money in solid coins .the market  has not bottomed yet . Wait a few more months and  slowly it will recover.

This is an established system. Those who have been in bearish cycles before understand how it works. It's just time to accumulate bitcoin and other assets. I also do this and I am a supporter of cryptocurrencies, but I also regularly open short positions on wowswap on bitcoin, because we need to realize the fact that we are already in a bear market and making money on a short position is much easier now than it was a last autumn

Newbie are called newbies this people don't know what is right and what is bad for buying and selling and the normal time to buy and time to sell when you see some people losing that shows they are not aware of that and they are suppose to sell when their is profit from what they buy. And in addition they are suppose to buy when the market is below, if you buy when the market is high and sell when is low you have a lost and newbies do not notice all this in time

this happens because they get news that can affect their thinking for fear of missing the moment. when the market is bearish they are afraid to buy, because for him an attractive market is a market that reacts immediately to make a profit. even though it really takes patience and managing greed so that you get the targeted profit. that's the fomo effect for beginners and if we don't change our mindset, then we will only become victims

In Crypto it's  all very speculative with high levels of volatility.  Don’t risk more than you can truly afford to lose.  I tell most people to consider investing 1 to 5% of their net worth, especially until they understand it.  DCA in a little bit at a time and HODL.

One thing for newbies to remember if it is not an obvious bull run remember there will always be another chance coming around either for selling or buying. So it is crucial to be patient. Be patient. This is experience talk not some will guessing.

What is a demo account and how can I get one?

That's true for some traders, but it's not entirely true for the majority of "traders", especially those "traders" who are merely plebs like us.

In day-trading, changing your bias every minute/hour could cause you mental disorders from the stress if you do it for years. Plus you're only profit is cents per dollar traded. Why would you spend your whole day looking at charts when it's profitable to simply Buy the DIP, and HODL?

I would advise such users not to rush to invest in work. You need to be prepared for the fact that losses are real in trading and you need to be ready for this.

I think the OP is really right, I wont really advise anybody to start day trading now, the best thing is just to accomulate enough money and invest later, the way most people are thinking their will be a bull run this year I don't think that will be possible, am expecting bear market this year which will give everybody opportunity to buy coin at a very cheap price, which I will advise everybody to just buy now, hold and wait for the next bull run.

Indeed when the bear market is our opportunity to buy potential coins,
but it must also be realized that making decisions in the midst of such conditions is not an easy thing and requires research,
regarding the bull market we don't know when it will happen and it's better to follow the market movement

Your  idea is not bad. I support it. Now the market is in an upheaval. Doing market analysis is now a difficult task. we should wait until the market stabilizes to investment on it.

Yes, the market is behaving like this now.

Bitcoin is already in Dip.  If you want to see more dips then it has to go below $ 20k.  Which is somewhat impossible.

2024 will definitely be a bull market. And Bitcoin including All Coins/Tokens will create a new ATH. Bitcoin might touch $100k on that ride.

If we'll look at Bitcoin's cycle history, it's how it moved during the past few years but as for me, it will be hard for us to notice if it's the dip and we might only miss the opportunity to buy at a low price if we'll wait for that. Buying this season will still be the best thing to do and hold it until the bull market approaches. Profit is still a profit so if we'll wait for the cheapest price which is unknown, we might only miss the chance.

that's the important point of crypto investment, especially investment in Bitcoin. when we just wait for the cheapest price, then we really won't see it. when we buy, there is also a possibility that the price will continue to fall. and what we can do is buy gradually to keep getting a good price.
as long as we patiently wait for the next pump, we have nothing to lose on this investment. those who lose, are those who buy and sell when prices fall. the person panicked to see the market situation.

In addition we need to do an analysis as well to know when is the right time to buy and sell,
like you said if we just wait i don't think it will be effective,
buying or selling gradually is much better and we really have to know when it's time for that

I believe no matter how bearish the market is, there are still those expert traders who can withstand the current market condition so yes, it always depends on the abilities of certain traders. However, in most regular traders, day trading could be more risky especially with this current bear market as it could lose your expected profits in just a thin air. To be more safe, just accumulate more potential coins while doing DCA for bitcoin. Bear market is certainly not perfect for day trading, buying and holding instead as the risk is low.

You would really be considered to be a good trader on which you could really able to make profits no matter what the market trend or condition on where you could really see the opportunities and snip out profits

despite of having a bear market but these things would be only possible for those who are experienced enough on dealing with the market.It might not really be that simple but we are once a newbie which

it is really just depending on how good we do trade and able to learn up things along the way or something that will really be relevant with our trading career.

You are right, I hope people will listen buying the way down will only need you to buy more and wait for market cycle to reverse for you to be in profit. I would prefer to start buying after the consolidation is over.

These indications may be helpful for individuals to think about theirs victory. I just think that day trading is better and has a fruitful results but these days it is hard to execute your aim because every coin is dropped. It is not clear that at the end of this year certainly the crypto will rise because no one can exactly get prediction regarding it. Market is uncertain there is worse situations currently and it is hoping to be improve in emergence years

I agree with you. The current market situation is refers to a long bearish trend. From now everyone should keep in mind this situation and wait for the bull market. During this period those who want to move their investments from here to a better position should definitely save money and take advantage of this bearish market until the bull market is started.

We should really see this current market condition as an opportunity for us to buy cheap coins specially Bitcoin but just as mentioned by people or members on here that it wont really be something simple though because it would really be involving some factors which would really be the reason for us to hesitate on making up decisions.Whether we are a noob or not we are still speculators on this market.
There's no way on knowing on what are the things that would happen ahead and with some advice for noobs that they shouldnt easily panic out whenever they do see declines.
Continue to learn up on how this market behaves and soon you would realize.

I think what you said here is not right at all but here you have to go with your own mind if you want to go there without your own mind then you have to face a lot of danger here so you always have to go with your own mind and always think about these things.  You have to think and then move forward