Bitcoin Forum

for now the market price is very difficult for me to predict, because it is difficult for me to be able to analyze prices, and lately it is difficult for me to get a profit, exactly what I get is defeat, what is your solution to be able to deal with the market price situation which is very difficult for me to predict, can a trader who is proficient in trading can share his experience in trading for me?

You can't force trades when the conditions are not right, there is very little volatility right now so prices are just not moving much.

https://www.coindesk.com/another-measure-of-bitcoin-price-volatility-hits-15-month-low/

It kind of depends on what you are trying to trade, if you are looking to trade the big cap coins then there really isnt any moves to make, prices are going sideways.

On the other hand if you are looking to trade altcoins thats a different story, many altcoins in the past few months have had 50-100% increases. The most obvious one is ripple, they had solid news and development backing that up though.

The other coins like....say....Mona, Rubycoin, Spreadcoin ect ect....these are small cap coins and there doesnt seem to be any real reason why they pump. Its really difficult to catch these moves vs. the one move with ripple.

So stay up to date with current news and trends, research higher market cap altcoins and look for upcoming events that could effect price, lastly set tight stop losses to minimize your losses. Start getting accustomed to tradingview and charting

tradingview.com

Me personally I am accumulating certain alts at their (or close to) all time lows looking to hold long and sell much later for big gains.

Good luck

Do not force trading in flat pairs if you are not used to it. Choose coins that have high volume for other alternatives, because most people like high volume so it is easier to analyze when to buy and when to sell.

What is the point trading it if you did not get anything even once ? it is not about other people advice but instead it is all about you.
if you can not get anything right now,stop it. Why did you waste your time on it if you did not get anything that you are trying to get ? it is as simple as that.
just wait until the trend changes, or if you can afford to hold it then hold it right now.

Just remember, do not overcomplicate your trade. Just do everything that you want to do and stay safe.

In my opinion you should try margin trading if you have enough money in your portfolio. Firstly you should investigate margin trade completely then you can try. If you start trading uneducated, you're going to lose a lot. Another way is get potential coins from cheap price and wait until you earn.

What does a normal market looks like to you? When prices is already shooting up?You do saw on different way yet these bear market would be the best time to buy cheaper coins and even you are doing shorting then its still possible to make profits even on minimal movements. There no such thing about normal because price increase and price decrease is always been part of a healthy market.

No one share our personal strategy of crypto trading because they have some analytical skills it is always protected. I suggest you to take own way to decide the right place and right time  for each trading then only you will improve trading skills. Each trading is a lesson so do not take careless in trading and most of the new traders are blindly participate in any platform so you must carefully participate in all the trading you will be a successful trader in future economy.

I am not that proficient as a trader but it would be better if you just continue trading and learn from your trades. If you are losing then try to find ways so that you can at least minimize your losses and then much better if you would have an idea then when you are going to buy and sell and not just buy and sell blindly. I think there is no exact right time when it comes to trading because whatever market it is, you can still earn from it because there are coins that are still going up even if we are in a bear market.

It's not possible to time trades, neither is it possible to find out which coins will be the ones that make a significant upwards movement. It all comes down to calculated guesses and a good bit of hope on top of it.

By the time you see a coin that has gone up like 50-100%, you have to know that you're too late to join. People act like they can book easy profits here, but it's all big talk in reality. Easy profits do not exist, not even in crypto.

People need to accept that some times it's better to patiently wait for the market to start moving forward. It's pointless and even damaging for you to keep forcing yourself to trade no matter what. Don't do that.

Being in haste is one thing that has really made people to fail a lot in trading. You should let the market develop and then find the pattern to trade. Of course, a whole lot of people actually do not have that mindset of being patient for things and are always in a rush.

When the right time to trade comes, you will know it based on your strategy and if you do not have a strategy, then you should not even be trading at all as that is more like setting yourself on flames on purpose. I have seen people trying to force a bullish divergence, trying to force trend lines just because they want it to suit them, but really, who are we deceiving?

What do you mean normal? When everything is at an uptrend? It isn't normal for me that way. A market is normal as it is sometimes it needs to go down.

Lol, it seems that many people just want an upward trend because they will be able to easily make a profit. But is that possible? I have the same thoughts as you, rising and falling prices are very normal in the market. Thus, demand and supply will continue to exist.

if you have good trading knowledge and experience then you will be able to find opportunities to still be able to get profit with current market conditions and it will be a good time to take the opportunity

Even now, the chance of earning at crypto is many times higher than other sectors. All we need is just being careful and acting in time. Here, depending on the volatility of the price to earning or losing is very easy. Just try not to lose.

Of course you can now trade and earn small amounts due to the weak volatility but I think this should not be done. Very big risk of losing your savings. The market has long been at the bottom and now there is a high probability of a pump. When this happens no one knows so I would recommend you to refrain from trading now. If such people will be a lot of the price will begin to grow faster.

Now trading is so risky but you can start a short time trade. Nowadays Bitcoin price is going up and down and bitcoin price is under 7000$ so if you have some cash buy bitcoin and eth and i hope bitcoin will be reborn like as 2017 so wait and see.On the other always try to growth your asset and never hold your token mew or metamask.

It's just better if you just hold it first and don't push your luck in trading because as you can see the market is not that good specially the price just dump on the other day. If you do have an extra why not invest more in bitcoin-prices is so cheap today then you just have to wait for the pump.

Then I advise you to stop trading because you're experiencing difficulty in it. We're in the bear market and I'm sure that almost everyone here is also not doing good in trading and those who's claiming to making lots of money today are either a very experienced trader (but they won't simply share their secrets) or simply lying to their teeth. So I don't think that someone will simply share their "trading secrets" because they don't want others to know it, just saying.

Market is really hard to predict what is possible to hapoen if the price increase or decrease. But mostly the price decreasing you can buy now and do longterm hold it for more months or years to earn profit because price will increase for sure in the future. Because if you are waiting for the price to back to normal and you buy what if the price decrease yoy lose again so buy now.

If you are going long in your investment. Then I suggest you buy today. What I mean by going long is that you will just buy coins like Bitcoin and Ethereum and just let it sit in your wallet for a considerable amount of time and what for the price to go to the moon again before dumping them. Right now day trading is very hard specially for us casuals because of the huge risk involved.

Prices of all altcoin are very cheap at this time and long term investment is the preferred choice of all investors. I'm sure the bear market will end this year and buying at cheap rates will be your chance to make a good profit next year because I have great confidence in this market and the uptrend is about to begin.

The right times to trade is now because all coins was dump from 70% to 95% from the top,  so all coins already in oversold and will be more easy to push. And when many coins going up all the times high,  we should avoid FOMO and greedy by take profit and put the profit in others asset.

The best thing you can donow is use the fundamental analysis to forecast the price of the market but you can't do that I will advice you to switch to long term form of trading buy when dip and sell when the market gain some pump cause day trading is not advisable to all who are yet to be much experience in crypto trading.

Sure, learning is not a bad idea but at least for someone who wants to learn and gain experience from any market, they should not be doing it with real life funds as they could just paper trade or demo trade. Test your skills, get to know if you are good enough and not just assume things.

Trading is a profession and just like you have with other profession, you undergo examinations for a lot of reasons which is for self-assessment most especially and that is where you will get to know how good you are. It is one thing to learn and it is another thing to assess yourself to know if you are ready.

You should try to development your knowledge on how to trade professionally first before putting your hard earned money into trade. If you are a wise trader you will understand that cryptocurrencies market is a way of transferring wealth from the impatient to  the patient one and you should find out the group you belong to. Remember that now is the right time to buy bitcoin and other cryptocurrencies because in years to come if you are patient enough, you will makes profits.

Actually, the best time to buy your coins is during red market since the price of the coins are very low. Don't wait for the green light to turn on before buying, it might be too late.

But always remember to choose right coins. Look for news and updates.

Well all crypto currency nowadays is cheap which is good to buy but make sure as well the coin you want to buy or want to trade for short term is so volatile so that you can obtain quick profits on it.  And when it comes long term in my view  this is the right time to accumulate while the market is not awake especially if you want to become profitable !, because honestly this is a big opportunity to buy cheap and to multiply your money in the future instead of waiting when it returns to normal.  because surely market will fluctuate again after .

As an old advice says, never catch a falling knife. Majority of crypto markets has been a "falling knife" during this summer. However, the situation now seems to be more stable and ready for buying in again. And btw. you don't have to predict price, you only have to define an appropriate time to exit the market while sticking to money management rules.

 I advise you to stop trading because you're experiencing difficulty in it.
We're in the bear market and I'm see everyone here is also not doing good in trading and those who's claiming to making lots of money today are most probably very experienced traders
So I don't think that someone will simply share their "trading secrets" because they don't want others to know it, just saying.
Also you can read some subjects like 20 rules in trading from same section of the forum for some knowledge increase

That is the great thing about the current market at the moment, which I believe makes a whole lot of them an easy buy as far as I am concerned. We really cannot tell actually how things would turn out, but for now, we are still on the verge of waiting to see what would happen with bitcoin with respect to possible breakout upward which would most definitely help a whole lot of the market in this case into at least spiking as they get the space to do so. Like you said, to be able to get the best from this market, what is important is to try as much as possible to have some patience and strategy as long as it comes to trading the market.

People only know that it is a falling knife after the price has been going down consistently for a longer period of time. It's extremely difficult in this market to define the right dips to buy and the right peaks to sell.

Last year was quite a hectic year in terms chart analysis on the way up. From $2000 to $20,000 every $1000 increase in price was said to be the peak to sell according to "chart gurus", but those who did have lost badly. The same "chart gurus" said that nearly every serious dip this year was the right one to buy, and they were wrong again.

The only thing you can do to hedge your risks is to buy/sell with smaller fractions at a time instead of going all in or all out like how most people here tend to do.

To wait for the right time would mean waiting till forever which might not come. Its true that the market at this point is faced with another increased uncertainty but in the real sense, I have never seen any time that uncertainty has eluded the crypto market even the time of the all high period that happened in the late 2017. The point is, for a trader, every time is the right time depending on the objectives that needs to be met and that should be the goal not be distracted with the current happenings. For me, so far I can afford it and ready for whatever the outcome would be, I am sure going in for it.

The market will not move according to your wishes, so in other words we must be able to adjust market movements and choose the right coin. Check news and updates for each coin to get valuable news. Market conditions are indeed very difficult to predict but behind all that there is still a lot of excellent growth potential.

In my opinion, if you have no idea about analyzing it, you should just come back when you have an idea. There are so many people analyzing a token, so we don't know which one to believe. Your own knowledge is always true, even if it's wrong.

I am not an active trader so I only buy those altcoins when the market is in red for more than 3 days and if my favorite altcoin losses its value for more than -15% to -20%, that will be a go signal for me to grab that altcoin. I am contented with more than 10% gain and take it as a profit but still, I will continue observe the market when is the best time to sell it for a bigger profit. Technically, I only go with the flow and a swing trader because of this unstable market. The key is your patience and right timing when to sell and buy. Just keep reading crypto news because it will also give you a signal when the bears or bulls will attack.

You definitely make a reasonable point and move which every inexperienced or careful cryptocurrency trader and investors must abide on in other to make profit instead of loosing. However, I will advice you to apply fundamental analysis by compare prices of past market correction.

I agree with you that every trader should have a specific strategy in buying and selling, when to buy and when to sell. Also, consider plan B in case plan A fails. Remember, cryptocurrency is volatile in nature. In case, the market drops further, what are your plans. Should you sell to avoid further loss and buy other significant coins or willing to wait until the next rise? These are some aspects that need to be considered.

Right now is not the right time to "trade" in short term deals, if you are doing daily trading or if you buy and hold for couple days and sell it is not the right time to do it. However, if you want to do long term trading right now is the most perfect time you can find.

People all around the world keeps saying "I wish I got into bitcoin when it was couple bucks" but they are missing the cheap price of bitcoin and almost everything else as well and they think they will not be upset about this one. If you purchase coins that do not worth what they used to believe me when they break the ath prices you are going to have like 2000% increase in your investment and that means even a small investment into them would mean a major improvement for your life.

I have been collecting many coins that dropped insanely, not putting up huge amounts but putting up like 50-100 dollars on each of them would mean 3-4 thousand dollars when they go back to high levels again.

pull out from the market, take a holiday, come back a few months later.