Bitcoin Forum

One Way This Bull Market Is Different

I am finding that I really have to keep my eye on the market.  The last 3 bull markets everything essentially was going up and it was
easy to know what to do.

After fiascos with googles crappy non-backupable authenticator, and trying to get back on exchanges, and some of them essentially seeming like they want to keep my coins in some cases, with perfectly good photos not being accepted (Kucoin and CoinEx worst offenders), I was a little
hesitent to spend as much time trading.  I should not have been.

There was a big increase in coin value a few months ago, and it seems probably most were "greedy" and not dollar cost averaging, and not taking those gains.

I really need to keep my eye on all the coins I own to take profits in case that bull market a few months ago was the "big one" for those coins.

Where are you really going with this? All I see is a few random thoughts strung together with no real point.

EVERY bull market is different. It is easy to "know" what was the right thing to do after the fact.

That's your problem, not mine.

Oh boy, i didn't first get you either, so is it my problem as well? That's not how communication works.

But since you didn't communicate clearly, i had to guess that you were talking about how this bull market is different to you. Not how this bullmarket was different in general.  I also had to google when was last time when people reported problems with their authenticator and that was last year. So i am assuming this is a problem in your end or you are referring to something older.
Also you are referring to some coins like we know what coins you are talking about, or should care about.

Here's a tip: people don't know you and haven't followed your life, so you should talk to them by explaining clearly what you mean and avoid vaguely referring to things that happened to you. Direct communication helps.

That tip can go into the books, in my opinion ;D

I get what your saying but for the most part if bitcoin goes on a big run the entire market does right behind it.  For sure you have to keep an eye on every altcoin because ypu never know when you have to move off one of those positions.  Obviously it's not true for every coin but the large majority will move up in fiat value jist like bitcoin does.  Think we are a ways off still.

Tell that to the person who insulted me to begin with.

I have a BA in English so maybe it's not my problem?

"I am finding that I really have to keep my eye on the market.  The last 3 bull markets everything essentially was going up and it was
easy to know what to do."

I guess that's too hard to read.

Google problems with Google authenticator and why people don't like it.

If you don't have access to an exchange, how to keep track of coins. So you must keep an eye on the coins every time, because the market is constantly changing, dubbing for a long time and pumping for a short time, so if you don't keep such special information, you will not be able to participate in the investment properly.

Always remember that you shouldn't expect the price of cryptocurrency to continue going up. If it follows the same pattern all the time, then it will be easy to predict where the market is going, and many will use this as an advantage to make profits. If you are good investor you surely would know what to do at any point in time. Whether to keep buying, hold it, or sell off. We are to make these choices as investors without getting a sign from the market based on past events.

And right now no one is certain if we are in a bull market or in the bear market. Today the price would increase and the next day it goes down. Traders are more benefiting right now than holders.

Please point me the line where where i, or anyone else insulted you, and explain how for us dummies.

I wasn't talking about your grammar, but pointing out problems in your communication style.

I am the only one that mentioned google authenticator, so i am assuming you are responding to me. And i literally said that i had to googled for any issue you could be referring to. It almost seems like you didn't read what i wrote, so i don't think this is going to be a productive conversation. Peace out, and have a lovely bull market.

There are sites like coinmarketcap,om or coingecko, etc that ypu can keep track of a coins price.  I'm not sure why ypu woukd need access to an exchange just to keep track of prices.  And if ypu didn't habe access to any exchange ypu wouldn't be able to buy and sell crypto so I would imagine most people that can't access exchanges would fade crypto and not care anyway right?

One of the biggest mistakes in a bull market is to control emotions. Some people make a logical analysis that they will sell at a certain level, and when they reach that level, they find that all the news in the market is positive and that Bitcoin can reach $150,000 or even $200,000. Then, instead of just making a profit, they wait for those levels until the price correction begins.

Is that not greed?

Yes it's, anyone who has projected some certain price level to sell their bitcoin or any coin and later extended their holdings since news has it all that price could reach 3x by some specific period and they hold back, but instead of price to increase it kept declining.

Then at last they regretted why the price didn't get to that specific level where they thought it would reach happens to be greed, because as a trader or investor who understands the market that are really wanting to take profit would never listing to news instead will focus on their profit making.

Maybe when price declined they can likely apply DCA to refill back their portfolios and wait to target another support level where they would also take another profits with so they keeps making profit from Bitcoin and cryptocurrency except the person has decided to hold for around 4-12 years then there is no need stressing oneself because at some point the price will definitely double.

Is it a mistake to control your emotions, though? ;D
If a person is in a situation he described, he wouldn't be tempted to hold until the price X, simply due to him having a plan in the first place.
But that's just my point on it.

Of course not but it is actually a good thing at most times. I say most times because I think there are still some scenarios where we should not do it. One example that I can think of right now is when we are confessing our feelings to the people that we truly love because if we don't do it, we will be among to those who are regretting eventually that their loved ones have now found a new partner.

Now, on the situation that he described above. You got a point there but there are still people who are not yet very strong when it comes to commitment, especially when @hugeblack said that their emotions have been fuelled up evenly. For instance, in cryptos it is when the market is having a positive sentiments.

We can't predict the crypto market, so even if we have a plan, we might still be wrong and then those who didn't abide their plans will be glad that they did it because it made them to earn more profits. There is no assurance on it though, so it is still or always better to be safe. However if it was only Bitcoin is the coin that we choose, there is still a chance for it to recover. So if in case we missed the happy hour, we shouldn't despair too much.

I think one of the greatest skills is not to make assumptions about the market one is in, but instead realize when average experiences are likely to repeat, and to realize that this time may be different as to not lose good gains.  

Not having your expectations too high would be a great addition too.
Events may play differently, and analysis can go to shreds, but it's essential to stay focused nevertheless and continue pushing forward.
Experience and knowledge are the things that the market will never take from you.

Some coins are also dying, and holders are now getting to regret not taking profit.
I think the Bull Market will be different if it's not already here, as there are still lots of things that can trigger the Bull market in the future.
Honestly, Bitcoin has really outperformed all altcoins and it seems like it's gonna continue to do that till eternity.

Greed and reason cannot control emotions, it is a scenario that many people are facing, but on the contrary, there are also people who feel regret because they sold too early and then that coin increased x10 times again, so everything will be better if we learn to accept without looking back or comparing an assumption.

I don't think the Bull is here, but we will see it at the start of 2025, or somewhere along the lines.
Overall, going for BTC mainly is a no-brainer, for alts - for the big ones, sure, why not!

Yes, i agree, There are things we perceive wrong or make wrong decisions, but the important thing is whether we admit it or not. At some point, there is only right or wrong. Not everyone is lucky enough to do the right thing at the right time. When you realize your mistakes, you will learn from them and avoid repeating them. When deciding to sell, greed will blind you. The opportunity is the one to seize.

There are certain strategies for investing in the right time that you can follow to get the most out of it. Because if a person is willing to invest in prevention and if he only buys dips in dumping market then he will surely succeed. But you have to use these techniques.

The "bull" run hasn't started yet, that is why it feels different to you. The increase we had came from the ETF hype deal, but it wasn't the bull run yet, the bull run happens roughly about a year after the halving, so we have a few more months until something like this happens and we should not be worried about it, I think we should be considering this as normal and something that can benefit us as well.

I know that it is going to be hard for people to accept that we still have a long way to go because some people thought we peaked and sold, so those people will deny that we will go up, because if they acknowledge that then they will be basically saying they were wrong.

I think the best thing to do right now would be just trying to figure out a way to give a better response to everything. I believe that we are going to see this getting to a level where things are tougher, but in the end we need to consider that it is going to be not a great thing at all, it is going to be a decent situation. Just keep on trying to build something that will be taking a time for it to grow even higher, but it will get there and when that is, it will be similar to all other bull runs that we have seen so far.

..Also you may think it's the bottom, but then you find out that it's not, it's just the beginning of it ;D
Surely, one should be responsible enough with the right set of tools and knowledge to be proficient in understanding the market.

I concur with that consideration to the extent that this particular bull market is more demanding. However, as in previous ones, nothing grows evenly here through to the rhythms of exponential progression. Issues with exchange authentications and the need to continuously manage and withdraw some profits making stress how must one keep alert. Timing the markets and dollar cost averaging are major techniques which should be used.

Indeed, greed is our biggest enemy. Those who ignore their set targets only out of greed tend to bear losses eventually. Trading is all about patience and control. There will be a lot of occasions where you will think that holding will yield you more profits, but that isn't always correct. I know sometimes it's true that the longer you hold, the more profits you can get, such as in Bitcoin, long-term holders tend to get more profits, but that doesn't apply to every cryptocurrency in the market.

When we talk about altcoins, we should use the opportunities that we get and exit the market before it's too late because you never know when the price of an altcoin starts going in the opposite direction of where it was going earlier, and suddenly, you will see your profits turning into losses, and before you get the time to act, you will see the opportunity going out of your hands.