Bitcoin Forum

Everyday we wake up and i ask is btc long or short.
Nowdays this is biggest question and most important one
We wake up morning we ask is the day gona be LONG or SHORT day
Many people asking thus everyday will be short or long and how short or how long will be long or short.
Before we go to bed we think isit going to be short or long if we leave position open for the night.

So yeah.

Why should you bother with this?
When you ask him every day why don't you do your research whether this will be long or short at least with this you can find out even though it's just a basic idea and maybe it's still speculation.
One thing is for sure when you know then what? if it's long you'll regret not following it and if it's short do you regret being in it too?
Decide for yourself because when you ask questions every day without any clarity, it will only make you dizzy. enter btc when you are sure you are there and stop now if you are not sure because if you continue it will only hurt yourself.

You are talking about "Day traders" and speculators.... not true supporters of the Satoshi vision. The people that wants Bitcoin to succeed in the long-term..are those people who wants to see less volatility and a more stable Bitcoin price...so that it can be used as a currency and not just as a commodity.  ::)

I do not wake up with the cellphone in hand.. to see what the Bitcoin price is, because I do not care.... I want to see Bitcoin adoption increase and I want people to use it as a currency. (That will push the Bitcoin price to much higher prices in the long-term future)  ;)

There is no need to think about it to such extreme level and with deep thoughts every morning to ruin it. Lolz. Bitcoin is crazy ride with guaranteed returns over the time. However, it takes lot of patience to keep up with time and that roller coaster.  :)
You can not keep thinking about it like this, or it will make to your nerves and you may end up selling bitcoin in a loss.
Just keep pushing the balance of your wallet upwards and fiat value will surely rise up sooner or later.

Most people? I don't think that's true.
325btc, you should do a simple survey here on the forum or in your local area and find out for yourself.

There’s a reason behind this, its either you are trap on top of you are so excited to take profit which is very common if you are into trading especially with the newbies.

We are just futuristic which is part of being human, but if you do this out of panic and depression, that’s a bad habit and you really need to seek help because thinking too much about the market might also affect your mindset and behavior.

You'd be asking this if you were shorting Bitcoin or you're basically a newbie trader who needs to look at how much their investment lost or grew, which is dumb. It's like min-maxing to an extreme degree, to the point that even if you profit, it isn't worth it (not to mention you might not even profit that often). Even people who short probably don't overdo it. Not to mention doing it like that tend to create panic moves even though the price decreased by only 1-3% or so, you'd sell it and then buy again at a higher price, inevitably lowering the initial investment you had bit by bit.

It's fine to monitor the current value of your investment but you don't have to do it from time to time because you will only be stressing out yourself. During the bearish season, it's advisable to purchase and accumulate Bitcoin because of its low price but it would be better to hold it in the long run so if you will always check on its value, it might affect you emotionally because the market is too volatile. Have brave and strong hands if you're investing in crypto.

Somehow for over 10 years long Bitcoin is still surviving despite of them saying Bitcoin is dead everytime when there's a bear market or correction. Bitcoin needs the right people those who can still hold without a doubt and not those who only came after just for the profit but not for the usage of it.

Yes, everyone can trade what currency they like but Bitcoin is not just like that it could be an asset or as a currency. And if you are too bothered about the volatility of Bitcoin price that keeps moving, I think you should change the way how you perceived Bitcoin because there are things that are out of our control.

If you are a futures trader this can be a problem for you, not knowing if to long or short btc and from your post you seem to lack the knowledge to trade futures, why stress yourself in area you have no idea instead to just hold your coins! market is fluctuating a lot which makes it difficult to know which direction it will go.

This only matters to the day traders and those who have a huge stake in bitcoin and crypto, but not so much for the regular folks like us who just invested into bitcoin and kinda forget about it on our day-to-day lives since we have other jobs and hustles to do in order to make money. If bulk of your finances depend on crypto, perhaps you'll always be thinking what kind of trading strategy would you be doing every day. It is a different scenario when you're only investing in hopes of getting huge profits in the future, and no plans of going full time into crypto.

Hodlers don't depend on anything because it's not all about the day-to-day basis of what you're explaining. As a trader, that is what you're talking about.
But it's not just all about asking a simple question if you should short or long because if you're doing that, you're easy to be tricked by the person you're asking.
It's better to learn trading on your own and don't be dependent on others as what you're trying to say about knowing if it's gonna be a short day or long day as if you're trading in futures.

This doesn't really apply to most bitcoin holders or even other crypto holders as only day traders who can only relate to this. Also, even most traders doesn't really check whether it's long or short during this time as the market are currently stable as of now and we haven't seen any sudden big changes.

It is not best to assume that what you are feeling and experiencing happens to the most of us as not everyone trades daily. It is also good not to overthink whether the price is long or short right now since the market is currently stable.

I don't know, but not defining your feelings while trading is a dangerous behavior, and if you end up making profits, it will go to address the negative psychological impact of tracking the bitcoin price continuously.
Stay away from the price and the charts, take a break and build a solid trading strategy, then all psychological, medium and short-term variables will not have an effect.

I think people should obsess over the price less, and this applies to most common categories. If you're a long-term investor, you shouldn't be bothered with short-term fluctuations at all, and even a bear market for half a year shouldn't bother you because you can just wait it out. If you're a trader, you shouldn't care about the price per se and should learn to make use of regular daily volatility to profit from these minor changes. If you believe in Bitcoin as money, you shouldn't check the price unless right before thinking whether to pay with fiat or with Bitcoin. I personally check the price once in a few days, and that's just to see how Bitcoin is doing but I don't have much of an emotional reaction to it.

I no longer check the price of Bitcoin every day. Setting long and short trading positions
will definitely leave the OP feeling very anxious. Its risky business, a far more stress free
play is to just Buy the Dips and DCA.

The majority of us as commented above are not tied into what the market is doing, it matters
only to the traders and speculators and can create a lot of stress.

I think that traders and speculators are still supporters because they buy btc and they waste some of their precious time to speculate about btc. This still helps btc to succeed. Btc is built to be highly volatile so wanting to see the volatility go down may seem to be impossible.

If you are not like them (traders and speculators) but you are only looking forward to use your bitcoin as a payment method for your business then volatility should not be a hindrance. Look at different companies, shops and people that simply use btc for daily use. I think they rarely complain but are already used to the way btc is created. I thought you don't care about the price? But your last sentence tells that you want the price to go higher.

I doubt most people think like that. Some are in this for a longer period of time, and the day to day fluctuations mean little. Sure, it can be an issue for day traders, but honestly, that's not what crypto is about and how it was concived. To some it's a game, to some it's a project.

Op you don't get to bother on long or short for bitcoin, the market is not really stable now. The price last week has been up and down trading from $21k to $24k and swinging between the price. This isn't a sure price to rely on for short or long but is better to trade with caution. Don't invest what you can not bear to lose this is the usual trading advise as the speculation is not looking one direction.

Getting bothered about Bitcoin been long or short each day should be a case of concern for day traders. For long term investors the only care about holding and consistently holding till the bull market resumes. Getting worried about daily candle can stir up high blood pressure because the trend isn't well defined at the moment as such prices will continually stay so inconsistent

This only applies to traders and short-term investors.  Those who are in for a long term wouldn't bother whether Bitcoin will gonna be long or short today, tomorrow, or in the following months.  Don't generalize people according to what you think, each of us has a different approach and belief about the Bitcoin market.


Precisely, some people are in for a long term BTC investment, others are in for the medium-term and those who are so anxious about the BTC movement are in for the short term.

That is true, if you are not a day trader, you don't need to stress yourself about this. So not all people are thinking about long or short every day. For most long-time holders, they have certain period or price they are targeting to cash out. But it is definitely not every day they are worried about the market movement.

Just buy bitcoin and hodl until the next market cycle so you don't stress yourself about it. If you don't know how to read charts and candlesticks, you don't have to worry where the market will go. We are in bear season now so this is a good time to accumulate bitcoin and other cryptocurrencies. Don't force yourself to earn from trading if you don't have proper knowledge about it or else you will just lose money.

Many people are nervous about Bitcoin.  You are one of those people who want to see more volatility and a more stable Bitcoin price.Maybe you have little idea about Bitcoin, if you have idea then there is no need to think deeply about Bitcoin.Trading and keeping up with the market takes a lot of patience. You can check from time to time but don't be too anxious.Bitcoin is better to hold for long term so invest purposefully. Nowadays many systems are updating in Binance OCC to avoid trading losses.  There are many videos on YouTube.

You'd be constantly worrying about this if you're a day trader and is trying to live off the margins. You knew the risks before you came in, you just have to live with it if you want to continue.

The "true believers" don't usually worry about these fluctuations since they trust that eventually adoption would become widespread and that it'll be used as currency.

Since, you worry much about your short term trading in the market, because the price is not moving the way you want it to move, then try long term trading which will really help you to make a good profit as you want. Anytime you see the price is not increasing the way you want just exercise patience with your hold and see what will happen before the end of the month which will really help you to understand how people make a good profits from the community without fear.

Maybe you should step outside the house more often if this is the biggest question going through your mind when you wake up every day, as I get the feeling you're certainly not benefiting substantially when it moves either way. People can go long swathes of time thinking that they are beating the trading game and unless you're managing risk exceptionally well then it can all get wiped out in a moments notice. Trading crypto is on par with trading Forex, one of the riskiest forms of trading you could possibly undertaken and a ridiculously high percentage of people will lose money in the long run. There are far smarter people, using automated and manipulative algorithms out there, which are likely going to slowly drain all your money - better to get out or not even start.

Most likely you end up panicking when something is wrong or things didn't make it to your expectations. But this is how bitcoin behave and the rest of the coins in the crypto market. You should always consider that bitcoin do not give fixed price and it changes from time to time, that is how volatility works. If you are not sure with what you are seeing right now, then don't trade or invest. Otherwise, you will only regret your decision as you did not listen to you own sentiments and with the market sentiments too.

Untrained traders usually have the same feeling, they are too worried about the market price as if they didn’t analyze that much because if you’re a good trader, you’ll just wait patiently for the price to reach your target and there’s no need to look at the market from time to time especially if you are a long trader. Though day trader are usually active in monitoring the market but not to the extent that even on their dreams they worry about their position, this should not be the case and you should be more confident about your trades.

Such an easy thing, and not many people could even remotely understand it. Just realize that buying bitcoin, putting it on your wallet, and do absolutely nothing for 5 years about it, and then you check the price, that's a profit right there. Why people do not realize that it's such an easy thing?

People should realize that it is going to be pretty amazing to do this and yet they do not do it for some reason. I am not saying that it is a bad idea, but so many people just buy and sell and keep on trading daily on high risk stuff to get rich super quickly, and yes there are a few people who can, but why risk it when you know there is a low chance? Just buy and hold.

I think it will depend on how your analysis says because not everyone will do day trading or use long or short trading. If our analysis says it's better to wait a while after the market situation subsides, we don't need to trade.

My advice is don't leave your trade open tonight because we don't know what will happen an hour or a few hours after this. It's better to close the trade and wait for the next day to be on the safe side.

When you are just too obsessed with your investment or trading thing then you would definitely be having this kind of thinking from time to time which i could say that it isnt really healthy anymore but rather
it do becomes a stressful thing because it is really just too much.It isnt really that bad to put up some focus but you shouldnt really forget on balancing everything.You cant really just make
yourself being too mindful with your trades on which it did really come to a point that you had just neglect out some priorities or important things in life.
If you do find yourself able to balance things up and minding about your investment but not ignoring other things in life then you are just doing fine.

You mean you wake up everyday and think if the bitcoin is going to rise up or down? This what I am guessing when you say long or short, yeah?

Well if you are going to invest and hold for long term, then you shouldn't be worried about it. If you see the price go down when you wake up, and you want to maximize your profit, then invest during the dip if you have extra money lying around. If you see the price go up and you reached your profit goal, then sell. The price going up and down doesn't matter as long as you are planning to hold long term.

Literally, there is no such thing as long and short day. It will always be the same or just a bit short by a minute or seconds.
What you are asking is everyday life, right?
Well, it will depend on you. A day does look short when you are productive and enjoying what you do while on the other hand it goes long when you don't love what you are doing.
The same goes with trading, everyday must be a new day because you won't know how volatile BTC could be each passing day. You even need to use an alarm just to be updated about the movements.

This not really me you describe here, I am not doing any day trading anymore. Thinking about bitcoins is one thing, but being the first thing you think about in the morning and the last thing at night seems a bit too much for me. If you are a trading cryptos every day than it's your job and it's important, but are you really depending on it? Right now the market seems so volatile and it's mostly a sideways trend between 20-25k USD that trading every single day seems to much. After a 4-8% rise we see a similar drop the next day. Based on technical analysis you might find the intraday signals for each trend, for me this is too difficult and will likely result in over trading. In the past I tried day trading myself with mixed results. The amount of time I had to invest to achieve a profit was not worth it in the end, a more long term approach suits me better and it also lets me sleep more peacefully.

Yeah if you put your mind so much on profit for day trading then you may be getting it wrongly because your mind is focused on just going into the market without proper analysis of the market. If we rush in then we likely to also rush out both day trading and longtime are same if you do a better reading of the market but is good to choose the one that is best for you.

This question should only concern a cryptocurrency stock broker, this is the only person for whom these indicators are really vital :)
Everyone else just needs to come to terms with the volatility of the cryptocurrency, and not make plans to "catch the crest of the pump to merge everything there, and then pay off at the bottom of the dump and increase their crypto-reserves by 100500 times, so that in X years they will repeat the same thing :)"

Why get bothered on your trades if you can relax and only see which position will you takes depends on how the market goes. Only people who think about it every minute or even at their sleep are new traders because maybe they do. Maybe they think how they can earn from time to time or on everyday basis. But if you are part time trader maybe you shouldn't leave your position at long if your not around watching because you might lose for sudden reversal.

It's true that it's not good to over-invest or trade, and it stresses us out in life just because we keep thinking about crypto every day.
That's the importance of looking for positive activities in life, so we can forget for a moment our routine in the crypto world. There is nothing
wrong in a bear market situation, we stop paying attention to Bitcoin movements for a few days and look for entertainment. Because we live not
only related to the crypto world, there are many other important things that we have to think about as well. After all, humans have limited
body capabilities, that's the importance of rest to restore our minds to be fresh again. Usually if the crypto market situation is bad, I will go on
vacation for a few days with family or hangout with friends. We can't live obsessed with just one thing, it's not good for our health.

This is commonly what most day traders (especially future trading market) have thought every day. They cannot be out from this though. Because how they will get the profits will depend on what decision they take, they will take LONG or SHORT, and of course, they will think about it and then will continue analyzing the market based on the chart and indicator, based on TA and FA. Because the way of LONG or SHORT will really decide if you will be lost or take profits at that time.
Sometimes, when we have set the position and we want to sleep, we will get it until our dream if our position is right and take profits many percentages. That is why I right now really don't want to take this trading activity because making me too tired every day.

Short?
Long?
Nahhh I'm not depending on these 2 since I'm not a trader. Hodlers all the way :P

Those traders are depending on that one maybe because they see that they can get more profits if they will do leverage trading instead of just spot trading but to me as a hodler, I'm not depending on that one. I don't want to be stressed and buying and holding is less stressful than trading.

I don’t think everybody wakes up and ask the question, I think the only people that are been disturbed about bitcoin price movement are the day traders or short term traders, which I don’t really believe in short term trading, I hold bitcoin for long term so I don’t care about the daily price movement, I don’t care if bitcoin is going to pump or dump because am not even ready to sell my bitcoin for now. I think you shouldn’t think everybody is after bitcoin daily price movement.

This only matters to two kinds of people.

1. Daytraders
2. People who are unsure of whether or not they have made the right investment choice

But if you think about it, this has nothing to do with Bitcoin but rather with all investments that fluctuate in value over time. If you buy Tesla stocks, or even a Tesla car, that value of your investment will over time change. It might go up. It might go down. But if you truly believe in your investment to go up over a long period of time, then there is no point in worrying day to day about the current value.

And most people who "flip-flop" on their investments lose money. Its not a good mindset to have.

Either you believe you made the right investment or you are unsure.

I do not understand exactly or directly where your narrative is going to bored from my little understanding I know that you are asking of long time duration of Bitcoin and short time duration of Bitcoin so once I have to let you know is that bitcoin does not have a particular kind the life should be done all the life should be but what we all know is that it has a life to stay since what do I write I've started making use of cryptocurrency as a means of exchange

This is exactly what people doing when being a day tardier moreover in the future market. However, they are also commonly going to wake up sometimes while asleep and check the market. When the market goes opponent with our position, this will really make the days worse enough, and will not be able to sleep soundly again after checking the makret. This is always happening although as a professional trader.
But it seems to be very usual happening for the day traders the codnition like this. Moroever if they focus on trading daily as the main job. This codnition will be deeper not only thinking about Short or Long position to take, but also other prossibilities to reach in one time.

I am also a holder, long or short it never really mattered to me. Honestly, the people I've seen that have made money from crypto are mostly holders, not day traders.

As a trader you will have to stress because you spend hours sitting in front of the computer looking for every bit of profit, the more leverage you use, the greater your pressure. But as long term holders we don't have to go through that and are quite comfortable giving us plenty of time to do other things.

That's right, don't make our lives more burdensome after knowing Bitcoin, by thinking about Bitcoin every day. We have to remember that
too much of anything is not good, so we have to treat Bitcoin properly, and don't be too obsessed with Bitcoin. Remember we live not only
to think about Bitcoin, many other important things in our lives. Usually people who make Bitcoin as a short-term investment, indeed have to
monitor the price of Bitcoin every day. Therefore, if we find it difficult to do that, invest in Bitcoin for the long term. So we don't need to monitor
Bitcoin every day and don't have to think about Bitcoin every day. In the end, it depends on each of us how to use Bitcoin, don't let Bitcoin interfere
with our daily activities. Find a way so that we can invest in Bitcoin without interfering with our personal lives.

I think someone is more likely to worry about the day-to-day changes if they really have to live off of it, as in, they'd only have a week's worth of money for expenses. So it all boils down to money management. If you know you're not gonna die of starvation until the price hit your short term bar, you wouldn't be as anxious.