Bitcoin Forum

i keep seeing topics asking "why is it going down" "when will it reach $$$",... and everyone is panicking about when the "moon" is going to be!

well if you are not a trader then why are you even asking these questions? just buy and hold. come back in long term and enjoy the big profit.

if you are a trader then asking these silly questions won't help you. if you see price is not recovering and falling then just adjust your strategy to match the new trend. and i am not just talking about now. this happens each time the trend changes!
market is not always going to stay the same, it has ups and downs and sideways and ... for each of these trends you need a specific strategy. you can't just apply one thing to all of them.

You're entirely right, but it's still important to try and understand why the trend has changed and speculate as to when it might reverse. Or else you might be that guy who reverts their strategy to fit the bear trend and sells all their coins at the bottom. If you take your time to understand why the trend has reversed and don't see any reason why it will revert back to bullish (in this case) then it's time to change your approach.

Agree with you about changing the strategy. The winners always use different strategies in different situations. But the reason why the market is falling or it is increasing is always important.
If a person know the reason can decide better what to do. the person can predict better whether the falling or rising is temporary or it will last long.

You can know the reason but since the market is irrational by nature (due to most people being irrational) that means you can't predict what will happen in the short term. That is why you always make plays based off the long term, or if you do want to trade short term you better have some damn good reasons as to why. That is why being a day trader is extremely tough, and not a job I would want to undertake.

Such questions are never asked by traders. Do you imagine a trader who does not understand what and why he is doing? Lol! Such questions are asked only by newbie. They are confident that there are some secrets that allow traders to earn millions every day. They will never understand that trading is very difficult and risky.

People never seem to appreciate any market phase, which is just silly. Instead of wasting precious time asking a bunch of random fools here for advice, they should have invested their time into getting to know this market better. People here are lazy, ignorant, mentally unstable, handle the wrong mentality, underestimate the market while they don't have one single clue about how it works, etc. This doesn't only concern newbies, but also those who have been around here for a longer while; I have never been into a place where so many low IQ individuals gather and share nothing but pure gibberish. If you enter a market, doesn't matter which one, you research the base technology or underlying value of a stock or whatever, and then its market, and then you can proceed with an investment. Reality turns out that people here skip the first few steps and just invest anyway because they don't seem to care.

Being relatively new to crypto this has been my first taste of an extended downturn in the market and let me tell you, initially it did not go well. I was still trying to buy dips and look for bounces and it was tough. After some time I took a step back and tried to figure out what changed and realised exactly what you've said, it's not that my strategy was wrong, it's just that I was going against the market which was always going to be difficult. I still wouldn't say that I've done well in the recent downturn but have been able to tread water a lot better of late with a changed approach. Alongside that I've taken the opportunity with having more free time (due to less trading) to try and improve my understanding of some things. I'll never stop looking to answer why a market changed direction or seek to understand when it will reverse but now I'll know for future how to better adapt to the changes.

$300mil of tether printed.... there was a small bump to $9k and now back..  perhaps a new surge will be fueled or has already flamed out?

If this pushes to $10k somehow, then in near future probably best to cash out and run to hills...  if not, and it keep sliding then no one can leave

Sometimes people have to undergo that kind of situation so that "soon" they will be used to it. Without experiencing those common "misconception" about how crypto markets behaves, they will just stick on single trend belief and that is "continous uptrend" which is not the real thing that should always happened in crytos price behaviour.

Just let them have a mindset as part of building experience. We can't really say things directly to them that they must follow this, that etc. etc. Self experience will teach them to deal with that concerns and soon, no more questions like that will be made up in their mind.

The spawns asking "these questions" over and over again, along with the price going for long periods in a certain direction can affect the psychology of the inexperienced and make them get bad decisions.
It's some sort of guerrilla marketing.

The people are always finding it difficult to accept the reality of the price position. You either buy bitcoin or others cryptocurrencies now or you are doing different things. If bitcoin continued to be stable around $8,000 then a new buy signal is been form.

If people don't know anything about this market, they won't be able to adjust to the changed sentiment. It's not for nothing why they keep asking the same (for us nonsense) questions after a rise or decrease. The only thing we can do is continue to educate those who need to be educated. If we distance ourselves from these threads, other noobs will poop all over their threads with their nonsense, and then people get brainwashed and even more ignorant than they were before. There is a constant influx of new people finding their way into this market, and it's our 'duty' to help them out where needed. I some times just don't want to, but when I see what other noobs come up with, I can't do anything other than jumping in and pointing OP at what's right.

To some extent you are right but it is only when you are looking at one side of the picture. Unfortunately we forget to think about the crypto fever just four or five months ago, there were many new adopters of the Bitcoin. For many of them the situation turned opposite of what they were being told or what they watched on the internet and the TV. What OP has raised and is hyper about, for all these new adopters they are the basics which they will learn with the passage of time. So, guys don't shout at them. If you don't wanna answer any of the question you don't like just leave that thread and go for the one of your interest.
I think they need our help and guidance, which they expect from those who are experienced and have good knowledge about trends and strategies to how to deal with it.

but there is a reason or just some big guys are dumping btc for some reason. without reason btc cant dumping. Someone are dumping btc cuz maybe to buy cheaper btc or other altcoins. Its the hardest thing ever making good profit during bearish time. Not easy man. you think its dip and you buy some alts than btc is falling and than your alts have new dips !
we saw that this fucking idiot japanese trustee has sold around $400 million worth btc. so we could say , big dump was cuz of this guy but what about now ? who is selling btc rigth now and why ?? if we find answer we can make new strategy.

At some way it can help us though since we see what market currently thinks about bitcoin as a whole. It somehow helps me to make decisions whether to buy or sell. If FOMO is present and is widespread, I try to sell a portion whenever I can to take some profit and when there is a lot of FUD, I try to rebuy and prepare some fiat, waiting for a dump to happen. It affects the actions of inexperienced and make them do bad decisions, but somehow others benefit from it as well.

printing new tether never had anything to do with bitcoin price to begin with and nothing about releasing new USDT has changed, they are still "printing" it like before and price is now dropping and that is proof enough that all this tether drama was pure bullshit that was started by some idiot on the internet.

in case you see some small rise after the tether thing, it may be because of some FOMO buyers who fell for the bullshit thinking it actually is a thing.

That's right change a strategy in the new trend is important for someone who have an investmentor choose for being a trader, excepting they have a long term and they believe the price will high. The type someone who have investing in long term is they just calm down when the price fall and they was have investment in cryptocurrency it's have been a long time.

I'm newbie in this cryptoworld and I choose being a trader for get a profit. Untill now I always use a stategy with what you say, but for me it will useless to made a thread about prediction price, I prefer to use fundamental analys and often to see the latest information that come. For me it more worthwhile to increase my knowledge about cryptocurrency.

Investors with flexible and adaptive attitude is what this volatile investment highly need.. The bitcoin price won’t adjust to your wants,, but the opposite.. It is us trader must keep moving with the flow and movement of the chart..

Patience my friend will always be the biggest weapon to succeed,, what the legend had face before when price at start is below a dollar is beyond a trustee should follow..

In this volatile market one needs to be agile to make changes and get the returns quickly. Also you should not expect much returns unless you sure market is going to rise as sometime in anticipation of higher returns in short term strategy you might be holding it and market keep crashing.

hahahaha

get ready yourself because we will see many threads with these questions... is normal because most people are entering the crypto world when the price was very high and as in the months of August to December many analysts made forecasts of very high prices caused that people believe in them and buy bitcoin and altcoins without fear that the price would fall and when these people look back and realize that they have losses of more than 50% they enter panic and will want to know if there have any hope of the price increase

I even realized after many months that it was much better to buy bitcoin and altcoin and insure for a year or more of a year.

I'll give an example of what happened to me last year:

I went to the bank and deposited money, then went to a website and bought bitcoin and then bought lisk. ok the price of lisk was 22,000 satoshi, the price of bitcoin fell a lot and consequently the price of lisk fell a lot to 15000 satoshi. I panicked and sold my lisk. then I traveled and suffered a major car accident and months later when I went to see the price of lisk was 90,000 satoshi.

see how much profit I would get if I had insured.


there are a lot of people who bought because they want to have more money in the future, I would even venture to say that for these people they chose to buy bitcoin instead of opening a savings account in the bank. That's why they panic for fear of losing everything.

see this:


imagine what happens when the price drops a lot

https://i.imgur.com/Y2tvzLv.jpg


 ;D

this just shows that there are so many people invested in bitcoin without any clear idea what they are doing here which is why we see a lot of confused people around and eventually see a lot of panic sells and weird investing decisions when they buy bitcoin out of fear of missing out and sell it because of some FUD.
we need people to stop acting irrationally and start thinking more. if you want profit then you don't really need a rise to gain profit, drops can also be profitable. the easiest way to make profit from a drop is to buy even more bitcoin with the same amount of money and sit on it long term!

Exactly. I would classify bitcoin investors into two categories. One category is the holders for the long term that doesn't actively trade in the short term. The traders are the ones that try to take advantage of the short term volatility of the BTC markets.

It's rather pointless to try to justify a recent dump or pump by one reason only. The fact is, often it's just normal market volatility that is driving the markets up or down in the short term. Doesn't always have to be due to one factor. Focusing on finding that single factor that is influencing the price movement can often result in someone missing out on the big picture.

Anyways, as scary as the current dump looks, it's expected coming off such a bullish year of 2017. Any investors should have known the risks, especially with bitcoin being pumped so hard last year and adjusted their strategy accordingly.

Except those who pretty much have no idea what they are doing, like the sound of being called a trader but just gambling the market, will always ask such questions and from the look of it, it seems we have a whole lot of them on this forum; 'Where should I buy? What is happening to the market? Should I sell everything?' Questions that would make you want to puke sometimes.

I keep saying this every time, anyone who does not have a strategy while trading is just busy gambling and like you said, what makes a good trader is the ability to draw up new strategies to favor every present condition, apparently, a charlatan won't know that.

Also, any investor that is asking such question as well, is just here for the quick profit, not because they understand the real reason why they should invest and look forward to the future, but since they are stuck with the idea of get rich quick kinda lifestyle, they would just not stop panicking, no matter what you tell them. At the end, it all balls down to IGNORANCE.

"Moon" ain't gonna happen for a long time. People who entered the market when it was red hot and all hyped up don't realize that bitcoin do and will have periods of relative bearishness and inactivity, as a result prices will suffer.

No point trying to predict it at all, you're right.

Based on my experience, if you do believe that bitcoin is going to go mainstream in the long term, buying and holding is usually going to be your best option. If you're trading then obviously you should have done research and made it that your portfolio did not give you too much high risk exposure at one single time, no matter how tempting it might have been to buy high/sell low.

We are in a bear market since December.

I adapted my strategies already. I decreased exposure by some 5% in December and February. Not going to buy, as it can go lower still, but I'm not going to sell either. I will hold to 2020 and beyond, depending on the circunstances.

Yes OP is right we should make a new strategy on it instead of asking about its volatility 'cause market is always volatile time on time and very unpredictable . so must build new strategy by observing it's performance or pattern in the graph rather than relying on others predictions and thoughts. 

Every trader should learn how to adapt in the constant crazy volatility of the market as it happens very often. Traders who come here in the forum and whine about the 'crashes' are those who are too scared to change something into their approach in investing, oftentimes resulting into losses. Instead of whining about your loss, why not do something about it? Posting your sentiments in a public forum won't do your situation any good IMO, so there's really no point in posting such. While the smart traders are still cashing in during the downturns, the average whiny pricks are losing money because they don't want to do something about it.

Well, I must agree to that. A trader must really know how to adjust in this times. Being versatile, is a really is a must in this type of industry. Though it is easy to say than done especially to those start up trader, but I know that it's not an excuse, one must really have to adjust as soon as possible. Whining wouldn't do good in this type of cases, you are just intensifying the scenario which contributes to overthinking and rush decision.

What could be the strategy now? We see panic on the market. All traders who saw a trend for a long decline in prices have long sold bitcoin. Now we need to reduce the supply. All those who did not have time to sell before should leave the market and reduce supply. This will raise prices and give an opportunity to revive the market.

It seems to me that the reduction in the supply on the market will not change the situation, since we must first increase the demand. Therefore, you need to agitate to buy Bitcoin, and not to give up sales.

Traders don't ask such stupid questions. If they do,well then they are not traders. They are douchebags(actually worse than that..stupid cunts they are). Buy and Hodl? Lol. Ever heard of panic selling?
I swear. I get tired of seeing the same topics again and again.
People who ask such questions don't have any strategies. People who don't understand that market goes up and down shouldn't even touch money let alone trading with it. Send those stupid cunts to school. Assholes >:(.

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Disclaimer: Every trader must see his environment,its dynamic,he should see threats and opportunities and make the best of it, he should learn. He must be wise. Otherwise he can just fuck off!

I agree with the OP we have to adapt to this new trend by avoiding moving and reacting with how the price is moving on a daily basis...the best strategy is buy and hodl this way there is less panic, you get to be less exposed to FUD and panic and get to live a happy stress free life.

I believe you are asking too much from them by not being irrational. Anyone who is ignorant and stupid will definitely be irrational since apparently, they have no idea why they are here like you said. It is plain simple, when all you are looking for is to make money quickly, without considering the risk, what you are investing in, the importance and the real value, then there is no way they would not just stop asking some irritating questions.

It has been like this right from the onset, and trust me mate, we are still going to be seeing them. Probably, we just have to get used to it.

Yeah, normally a trader who knows what he is doing will not even complain about what is going on in the market but it seems a lot of people nowadays really do not know what they are doing and this is the main reason they complain about everything instead of trying to have new strategies on how to make things work out better. Still, since all they do is to probably make quick cash without checking out other things they need to know, they subject themselves to unnecessary panic which always end up giving birth to such questions they ask.

When it's good to be aware of the recent pumps and dumps especially if you're a short term trader, some people have been obsessing the reason over it which is practically pointless. It may help in determining in the future but there's really no sole indicator for these pumps and dumps. No one can accurately predict it. As a trader, one would have to be able to adapt constantly instead of getting worried over every price drop then result to panic selling.

reduction the supply is a stupid strategy and it will not happen because it will kill the project in long term.
what we need right now is a newly fresh investor and adaptor.
in other words we need another demand to keep the price in a good track for a long run,also we need time to implement everything that it need to have for global implementation.
(such as lightning network and etc)
the reason why people did not use it because it is very hard to use and some people might be do not know about computer or they are not computer savvy like us.
but,some day they will start to learn it because they must to do it.
why ? technology,our technology kept advancing to a whole new level compared to before.
and we need it to help us.

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and when the price is declining like this,
we need a strategy to keep us alive or taking a break from cryptocurrency for the time being.
we will only lose it if we are buying it high and selling it lower than that.
easy and simple

the problem is most people are gambling here instead of trading. trend doesn't mean much to them, they are just looking at current price and some posts on the social media and make a bet. they might as well be rolling a dice!
that is why this "supply" never goes away and that is how the whales become bigger.

Right OP market wont always favors us,circulation must happen so things may go thoroughly because if price is fix then what are we doing here?new strategy is better option if youre a trader that making a living on this profiteering..not unless you have another way of earning then my advice is just Leave your funds in exchanges and wallets and just forget about them for months or even years,focus on second option of money making,then after that time you might find your a millionaire

Exactly! I don't understand why most people would always panic on any little dips. This is cryptocurrency for goodness sake and anything can happen! You should know the risk you intend to take in before investing in it. If you feel you can't hold on, then simply quit, no one is forced into it. If you have the capital now, simply pay more bitcoins and hold till it pumps. If you don't, just hold on to the ones you have.

Yes, what most of them want is to make quick bucks and get rich over night without even trying to know where they are venturing into or the risk they are trying to take. These days, people always do not want to learn and that is the main reason as to why they ask some foolish questions most of the time, and like you said, they always really want to make someone puke. This is how it has been for a while and it would not stop as we keep seeing people who are just so ignorant of the space they are in.

Well panic spreads. And many here haven't even been a year in crypto and are only used to the market slightly dropping. The drop lets face it, is drastic from december. But if you look back a few years, btc even had an 80% drop. Thing is, it isn't that popular yet so it didn't blow up like it's doing now. Eventually btc will recover aloh with the entire market so just relax people

It is true that strategy should be modified accordingly depending on the trend whether uptrend, downtrend or sideways. Traders are equipped with knowledge and skills on how to analyze these market movement through their own methods with technical indicators applicable to them. For long term investors, see the bigger and better picture.