Bitcoin Forum

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive  ???

I'm shorting until a week after the G20 meeting and all the upcoming news.

For me it's profitable for now.

I think now we dso not have to worry when we hear that there will be a meeting of G20 for the benefit of bitcoin and it is obvious that there will be no further restrictions for the users of bitcoin and they will make bitcoin much better for the use of the countries so that they will not need any further regulations. And I also heard that they will announce that no any further regulations will be made against bitcoin.

Depends on your risk appetite IMO. Like with all investments all your supposed moves should depend on how well you tolerate risks and your investment goals.

It's always hard for a newbie to trade in a bear market. You just have to learn as you go on.

The price has been up 2 days in a row now. We're hanging around just under $9k at the moment, which means that it could go both ways. If the $9k resistance doesn't hold up and we get to $9k+, then it's pretty much a bull outbreak confirmed and the momentum is going to push us over $10k by the end of the week. However, if the resistance holds up and proves too strong for this bull trend there is probably going to be a short term adjustment back down to around $8.5k.

Right now, we've been at this level for 4 hours with pretty much no movement.

I would definitely go long because even if the resistance holds up, it won't do so forever. Probably going to pump again after the correction.

Still go for long term, I'm not planning to short bitcoin now.
Just keep on learning and just used to market like this and it's a good experience for you.
And next time upon experiencing the same market again, you will now have time to relax and calm.

Long, always long. I hold bitcoin because I believe it is and will be the best coin, so I don’t care that much about the price. I am fully aware that it is a highly volatile asset, so I take what has happened in the past months for granted. It reached 19k too fast, so now we are in a consolidation phase.

Since BTC broke $9000 in the past few hours, I'm quite optimistic.

Right now I'm expecting a short pullback from $9.1k to around $8.8k. This shouldn't last long and will only serve as a correction because bitcoin has been rising for such a period of time. There will always be a small correction before the real pump.

We're looking at $10000 quite realistically within a few days. Once the correction is over, that is what I think will happen. BTC should test the $10000 resistance, if it does make a breakthrough, it should easily carry on to hit $11k.

So yeah, long for sure. Even though I expect a short term correction it's not going to be a big enough drop to be worth shorting.

Now the bitcoin is start to recover in his price.Now the price of bitcoin is reached 9000$,if you have any bitcoin in your wallet.Just hold it.
Whenever the price start to raise you have to hold it for your future.If the price is start to raise ,surely it will moves to any peak .
So don't sell by seeing the small raise and fluctuations.

The trend has changed on short time chart and I think most of the indicators are pointing to bullish market directions. I think now is the right time to buy bitcoin again especially if you are a short time investors and make few profits from the current momentum.

the higher the price gets, the more resistances it is going to break and as it breaks them a lot more investors come back bringing a huge amount of money back in. and as they do, price will continue going upwards more and more.
it is a little hard to say if we are at that point where we can expect a bigger rise or will this be it. so far it seems we will continue to have some more rise, maybe smaller rises for the time being and some more sideways but i think if we go back to $10k we can expect more rise.

Now the bitcoin is stable at 9000$,the price of bitcoin will moves to 12,000$.This is the expectation,the price of bitcoin may reach 15,000$.This is the best time to inverse in bitcoin and get  a profit in short term.Bitcoin is best for short term profit in the crypto currency.ETH,Litecoin and Monero had good potential.But this all coin is best one for long term.

First of all. Thanks for your opinions. I made the typical noob Mistakes since i started Trading. Couse i was leaded by Greed and FOMO. Im Not proud of it and i learned wehre it can lead you. but i think many People are acting in this Market based on this.  i hope knowing my biggest Mistakes so far will aprove my skills in the future. And of corse i Hope that Bulls are on my side for a while  ;D
But either way im Not planing to leave Crypto ever.
Missed the Chance when Bitcoin was around 300 Dollars  couse i was to Blind to See the Potential in this Tech.
So thanks again for your answers and Good luck to all of us
 :)

A group of chairmans of international banks and finance ministers of different countries have said that cryptos actually do not pose as a threat to global financial stability.This is because of its limited use,not being used fully as a substitute to fiat currency.They have termed that crypto currencies combined global market value was less than 1 percent of global GDP.

All these things clearly shows signs that G20 summit would only take a final combined decision in favour of cryptos.I hope that it would definitely boom the price of crypto currencies.So holding it would be beneficial IMHO.

i guess that this funds of yours is just an extra money that you put as investments here,so i think this. Really not a big trouble for you to wait for another weeks or months to look for recovery since were down for more than two months now,as every bitin holders waiting for the big comeback of price like what we had last december

I still go for a long term since I wanted to have bitcoin for a long time, and not for a short term, even if the price will go for $6k I won't do panic mode, but instead I'll make it an advantage to buy more bitcoin, it has been already 9 years so we should know already how it works.

The price is recovering now and don't just relax because there might be a tendency of having another dip which might be longer and lower than the pervious ones. For holders like myself the constant ups and downs in the price won't be a problem cause it makes no difference but as for traders, selling when the price is dipping isn't a wise decision cause you will end up losing. If you had held your coins few weeks ago, now the price is topping will be a good time to earn.

If some came to me and said they were experts in cryptocurrencies I would never believe them, crypto is unpredictable its not something you learn from college or something, you have to live and experience the crypto life to have an idea, so don't be afraid to make mistakes but best strategy to use now read more news and you should be ok. For now all elements show btc will rise thanks to the G20.

I don't believe that's actually the case. First the market was said to be going down due to South Korea, then due to China's new regulations, after that the SEC was causing the market to go down, and then MtGox, and then G20 and Google. It's just the result of people paying too much attention to what the news sources want you to believe. Bitcoin may just have bottomed out, where traders gained back enough confidence to enter the market again.

Currently two things matter for me;

1- Is the short term demand strong enough to push the market over the $10,000 level again? I would say likely.
2- Is the short term demand strong enough to maintain $10,000 for a longer period of time without diving under that level again? Not likely.

I am still of believe that in order to break through this uninspired market, a bullish trigger is definitely needed. As long this bullish trigger isn't there, the chances for a real breakout to happen are very low. In a market as speculative and hype driven as the one from Bitcoin, it doesn't take long before traders get bored and start unloading coins again.

it is good that you realize this already. trust me there are a lot of people who have been trading for a while and still don't realize they are acting out of FOMO and greed!

all i can tell you at this point is that the market is pretty tough to predict at all times and now that things are going sideways it becomes even harder.
but i agree with magneto above that ever since price reached $9000+ i am also very positive about this trend. but it still doesn't mean price will stay up or go up.

You are right, we have to view the positive side of bitcoin always as this will give you such a better life that you are not expecting most, so give yourself at least some years to hold bitcoin so you can see the positive outcome on it. Make it a vision, don't let those negative news ruin your decision.

Going long is a better option now as prices are recovering well and should  move 9k upwards and we can see lot of buying happening global due to which this has caused the price to rise. Unless we have some negative news related to btc their should not be any worry.

And yet it's down by 8850usd again, might thinking of selling soon if it reaches atleast 9.5k or 10k, seriously the support for 9k is really weak might be the reason for bitcoin getting hard to pump up again.
short term could possibly the best choice by now because of this fluctuating events.

Apreciate it. Yeah weve seen a drop to 8350 again but his time i took profits at 8800. Now lets hope the stronger 8200 resistance Bounces back about 9200. Otherwise it will fall even lower i think.Lets Hope in the next years the Market atracts more serious long Term Investors and  Big  Industries keep reaching for the Tech behind it. As long as this Trend of adoption keeps rising were in for a bright future

every time you think the rise is going to start and go above the resistance it stops and falls down. and every time you think this is the big drop which will last and go lower, it resists and goes back up!
i am going to say it now, we have to get comfortable with this sideways market because it seems like it is going to last a while. and that means we will see same prices over and over.

Anyways, nothing really matters if what is your strategy as long as you’re not making such decision because of fair or panic. This same in a case or a much better in terms of dip last bearish market reaching below at 6000$. We do have mistakes and being Greedy is somewhat good or bad depends on the outcome. But don’t take a total emotionalism.

Bitcoin is perfect for longterm because we know if you hold bitcoin for few many years the possible that you get is very big. Or maybe even short they can get big it depends to the luck if the price become very high in a short period of time or it will takes long time. But better to have a plan that you do short and longterm to bitcoin .

The cryptocurrency market reminds me of the history of the wild West. No rule. There are many opportunities, but they are all at greater risk. Stay away from this impossible because of this may depend all our future life. I act on the principle of the mind fears but hands make.

It reaches as high as $9000-$9200 if I'm not mistaken before a sudden nose dived to around $8500 today. Personally, I will still go for long term. Why? Because I still believed that we are going to hit all-time-high in the future. As to not worry about the price swings in the last three months as well. Will buy in dips and just hold, its that simply.


Right. That's why most of us are having nightmares and headaches because of the wild swings. You go to sleep seeing green in the market, then wakeup with negatives. LOL. That's why I really prefer to hold for long term.

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Let's see if you are going to test $9000 again. I'm sure the dip has something to do with the Binance FUD again. But they already made announcement that they are looking to move to Malta. So there's no need to dump your coins, but take this opportunity again to stack up because we might try to test $9000-$10000 before the end of the month.

Well you must understand that every opportunity comes with great risk, you are referencing the wild west well those that did tried to conquer the wild west took a risk and stayed despite they faced basically two outcomes, they could fail miserably or they could succeed and the only way to succeed is to be willing to fail you need to accept that is part of the deal if you can't then stop investing in bitcoin.

There were several events when it was a good moment to short Bitcoin at that price range. However, at this point it doesn't look like a good idea, since we are at a double top, and it seems Bitcoin is gaining enough moment to break previous highs.

But that's just my view of things, so don't take it as trading advice.

The news from the G20 meeting has actually been a positive one and nothing much to cause any panic at all despite all that has been created already before now. I believe the market is trying to achieve some little level of stability and maybe usher us into an accumulation period, but I guess we will have to wait and see for now how things will end up turning out.

I have been short for a while now since when we did a double top at the $11k region and only went a little bit long with the way things turned out a little bit with the divergence on the MACD on the 4 hour chart which brought in a little bit of rally anyway. So far, I am still just trying ti play along with the market to see how things turn out eventually, so I am just trying to be careful.

If you have risk capital I think the rights thing to do now is buy and hold bitcoin for a very long-term. we should know now that bitcoin has started to attract the attentions of big market players and international community and therefore we are going to experience surge in price before end of this year.

I am still short from above $14k when I lost my nerve (now glad I did) and I am still waiting for a good bottom to jump back into. I did pick a little bit up back when we were near $6k, but I am still waiting for the big "mother of all buys".

I trade a small amount in-between to keep from getting bored, but I don't think we have reached the real bottom quite yet. I could be wrong, but then again I have plenty of room to get back in again before I lose any money, or more correctly lose any Bitcoin.

For  now i think much better to choose short term 'cause as we noticed  the growth rate always drop since the price reached that valued again and perhaps it will never go higher due to causes people to panic sell when the price rise so for me short term is the best choice nowadays. 

It depends on your moves whether to do short term this time. As you can gather profit on your strategy it doesnt matter, we have our own attack on the market. Since I have decided to do long term whether the price drops I still have it long term goal.

I have been long since 2013 and I see no reason why I should not continue being long as I believe in the future of bitcoin. I did a little bit of shorting anyway when the market had a bull rally and it simply showed some possibility of downtrend and I got back long at $6200.

So, I guess I have to wait to see how that turns out eventually. Nothing much is going on in the market apart from the recent news, but it seems that is not sufficient enough to give the market a good boost.

Experience is the great teacher as they say. Still a lot to learn which is a very exciting thing like studying the market and making your own analysis which leads you to obtain a certain technique. Right now, where hanging around $8500-$8900, and I can say now is the best time for you to make up on the opportunity you lost before. Bull market is approaching soon. Good luck to you.

to be fair when price is inside of a triangle and has not yet broken out of it (either upwards or downwards) you can not possibly know whether a bull market is on the way or a bear market. my guess is that there will be a bull market soon but it is a guess and you should never invest based on a guess. specially when you are talking about "analysis" you should first analyze and see that triangle and then wait for price to break out of it.

You're not alone since i also experienced that. What i did is just hodl strong and never let my emotions push me to press the PANIC SELL button. Not yet, because i still believe that bitcoin will be normal and come back again.

I think that he is talking about the short term.

Long term speaking, I am also extremely bullish on bitcoin. I think that as soon as mass adoption starts to happen and people stop worrying about regulation which doesn't even affect how bitcoin is used and we consolidate for enough time, we will be able to see a pump around the same size or even bigger than the 2017 pump. Sky's the limit for bitcoin in the long run.

But for now, we've dropped back to $8500 after attempting to break $9000 at the start of the day. Resistance is pretty strong for sure. I would be careful going long or short with any sort of leverage here. Either hold your coin that you've already got, or wait until we get to around $9.3k to buy in as the uptrend is confirmed if that resistance is breached. I think we should still see $9k+ by the end of month, however.

Well, tolerating risk and investment goals may work for someone who is actually holding which is not bad anyway. However, for a trader, it is just to play with the patterns and see how things eventually go. For me right now, I am just plain and looking to see how things would end up. The market is really just not giving me those vibes yet for any much activity but I am eagerly waiting to see how the whole thing eventually unfolds by next week and April.

But, we can expect something new from 2nd quarter of this year. New in the sense of something like a trend change, in last 4 months we are facing downward trend and more fluctuations and in these two, fluctuations may stay with us and upward trend may start .

 On this scenario that always happen maybe i will choose short-term 'cause the price always fall back when the price goes to 8k as we noticed its been 2 times attempts to surge and it always fall, so to assured that our money is safe buy dip and sell at 8k 'cause for sure the price will manipulate again and again due to whales that always swing the price back after the uptrend.

Your reason is not exactly suitable for short term investment. price are fluctuating in due to whales I agree your point. But Long term investment is reduce the risk and we don't panic in any situation so I will always prefer long term investment is the best way to protect our investment and it will failed in future.

I do not think we are going to see a price below 6000 you should have taken the opportunity to buy at that price, it was less than a third of the all time high that bitcoin reached just a few months ago however you could be right the price of bitcoin could go lower and you could buy even more bitcoin when it happens but you are taking a huge risk because if that doesn't happen and you don't have bitcoin when the price begins to grow you will lose a lot of money.

$6500 has been showing a good support so far and price had a nice recovery from that bottom, and although i don't like saying never when it comes to bitcoin but it seems like you are correct about it. we have already seen a HUGE drop from the ATH and that has to count for something.
as for buying the best strategy is to buy at least some amount in this dip so that you have not completely missed the chance and also not to go all in at the same time so that you still have some money left for possible lower prices.

Haha better use the term new instead of virgin. You are also with my friends who are in the same situation but you guys need to do is focus on your goals and what you really want in bitcoin. If you want to short then short if you want for longer term then go for it. But I choose to be long term with bitcoin and I've been always bullish with it.

Long. Im not going to sell anything at this ridiculous price.

However, if it keeps falling, perhaps I will buy more.

I was wondering these days if the price of bitcoin in May 2018 will be the same price of May 2017. I regret not having bought more back then... maybe if we fall to that price just for some days, I can load my bag, and then we can depart to new heights. Also it would be a 90% fall from previous ATH, so a very deep bottom.

I wouldn't sell here either. If the price dips more, awesome! Just buy.And then hold!
In a few years this will pay off with huge ROI.
But until then it will be tough times.With major up and down swings. Manipulation in the market and dirty FUD by MSM and incumbents just to separate you from your precious coins!
Nobody should ever say again is hodling is easy. Because it is not.

It is not a panic situation, we should wait for a time, bitcoin will be reached more than it. We don't forget the start of 2017, bitcoin price was normal but in the mid of 2017 bitcoin suddenly grow and that was a good time for bitcoin-users and once again this time will come in 2018. So it is not important that bitcoin have reached at $8800, see now bitcoin is $7002.