Really for someone who is holding for very long positions anyway, and there is no knowledge to analyze the chart to know when to buy in, I would rather say, they start buying in margins. We have gone down and we do not know how long we can still go, but the market will always recover, so in that case, buying in percentages is always good enough and at least you have yourself covered even if the market goes down more, or it starts recovering.

I would not be surprised if some people may still be looking for something lower than what we already had which even made some long term holders to have missed a mouthwatering offer at $6000 less. No one can predict when we will break out from the downtrend channel, but at least, we will at some point, and the most important thing is to make use of the present moment to stash in more, which I believe every investor must be considering by now anyway.

Lol. One thing I have noticed with trading is as long as you can manage yourself in the market to trade safely, then you should be fine. However, a lot of people only gamble the market, until they realize that they are totally wrong.

At least, we have somethings to look out for to know if the whales are looking to direct a market upward, look for available resistance and play with that, and at the end, that gives you some undisputed advantage as well over someone who does not have the skills.

I honestly like the last aspect of OP where he said losing to someone who has an undisputed advantage over him and the market. I consider all these groups as whales anyway and whether we leave it or not, they control the market and they will always have the highest advantage, and the only thing is to make use of this to roll along with them and see where it leads which gives the learned trader an edge over the ones who just see gambling as 100% luck. One way or the other, someone would be smarter than the other.

That is going to be a huge one if we ever try to reach that value at all from where we stand right now. Yes, anything is possible, but I do not want to expect every year to be Christmas, considering the level at which we have had some bull rally most especially last year and how the value of bitcoin kept hitting different ATHs with the media popping different news to stir the market up until we started with some crazy news at the end of the year. Let's just see how all these ends up but I am not too optimistic anyway.

It will be obviously too early for any predictions. We have not even crossed from the downtrend and we are already thinking of the end price at the end of 2018. At least this would have been better if we have switched to an uptrend and the price is doing pretty well with a lot of positive vibes going on in the bitcoin space, but for now, there is no need celebrating a birthday for an ATH that is not even close, as I have seen so many people predicting even as high as $100,000.

Bitcoin price movement cannot be stable and we should even experience more swings since we are still in the early stage of bitcoin, with so much growth to look forward to in the future. I expect so much as we keep moving on though, but at the end of it all, I believe things are changing, and will change for the better. Stabilization that the OP is referring to is more like just a rest from the huge swing from up to down, which would not even last.

There is really no point trying to sugarcoat the whole thing. Beggars will always find it hard to access bitcoin except they just have some knowledge about the internet or how to make use of it. Imagine giving a beggar some paper wallet with some bitcoins and expect the beggar to understand what you have given to him. Sure, some may have gotten some hint, but that is just being over assumptive.

Lol. Very funny. That is on the assumption that the beggar can read and write yeah? If they can do that, would they still be outside begging? There are some things that are not realistic, and that is one of them. Even those who are learned enough, some are still in the dark, let alone beggars. Just stick to giving them fiat, they are already stressed enough, what is the point stressing them more?

Well, no one is disputing that fact, but we all know in the literal sense what people are trying to say here. Yes, bitcoin itself is not gold. They are both an asset, and one being physical with the other being digital which I guess is one of the reasons the OP classified it as digital gold with the way you can easily make a lot of profit holding it as an asset which gold would not have even given.

So probably, we can either just call it a digital asset or an equivalent of a gold asset but in a digital form as long as we know what we are trying to imply.

Any moment should always be a happy moment. In fact, even when people are predicting whatever may be happening with bitcoin, it is always good to see it as a good moment. It has been lower than $10000 and we all do not know if it can go lower, but this is more like a good chance to just keep loading up more because that would make it worth it when we start testing the previous tops.

Looking at the way things have been and some possibilities of what we may see, I really do not see any of these options playing out yet until we can at least break out from this trend and test the previous ATH and also get past that.

Yeah, the swings are normal and there is just so little we can do about it and at the end of the day, only those who are smart enough to take advantage of it are always the ones who will end up getting a lot from it in the end. Bitcoin is full of surprises and always will which makes me not to bother about what the present moment is giving, trends always end up changing and we have to accept it as part of the market.

There are some points in what he has mentioned, but at the end, it is only applicable to those who have knowledge about general market, can use indicators to their advantage and play with the swings. However, for someone without a trading knowledge and looking at the long term benefits, this is a good time or probably just buys in margins until you run out of cash. Markets always recover, and it is not now that counts, it is the future of what you are holding that matters.

That is really a wide assumption without any base from Llew and I totally agree with you. It is good to encourage investors, but smart investors anyway would not really bother themselves right now with what is going on with bitcoin but would rather hold more positions at the dips anyway since it is not like bitcoin is going anywhere and it has a lot of future. As long as we have not even close to smelling the previous ATH, thinking of $40k is really unimaginable for this year.

Llew Claseen is just a speculator just like anyone else and everything he has said is not even backed by any analysis but just typical assumptions. Now, we all know so many altcoins are already failing and some without real product will definitely fail the more, but having a specific percentage may not really suffice. However, if we look at the percentage of altcoins in the market now without real product, they are far more than those with usable products, but the value of bitcoin? I am not sure about that yet.

Yeah, stable is very good and that shows strength. A lot of people are waiting for the idea of getting rich quick and this is not what this market is about which is why it is really crazy at the rate at which people just keep getting greedy. $50k is a long way to go, we cannot know when this can occur, but rather than focusing on what is not even attainable yet, why not focus on that which is attainable or just focus on the long term.

We are all waiting for the rise and absolutely no one can know if it would hit $50000 this year or not, but I would rather not put too much hope on that. Bitcoin has been impressive over the years, it is still very impressive, considering how much it has been holding strong, but at the same time, we also have to consider the possibilities of only having to maintain even the previous ATH if we hit it at all this year, at the end of it, patience is all that is needed. If it does not happen this year, it will happen at some point.

Yeah, and most times, trading the market even with TA is still somehow like trying to make some decisions in a very tight condition and one of the reasons why no one can joke with stop loss in the situations of the crypto market. In that case, having an AI algorithm that will use only patterns or whatsoever to detect the condition of the market and make quality decisions with respect to that is somehow too much to take in at once, probably when we start seeing the reality of it, but for now, easier said than done.

Most times some people may always see it in different ways.
If nothing or serious news is driving the price, and then we are seeing greed and fomo, then that could result to a slight bubble in price, but it is normal, so I would not consider it a bubble, I would rather say the market has been overbought and we always end up having a reversal if a market gets overbought or oversold.

If bitcoin itself is a bubble, by now it should have been down to probably $1 with all the negative news.

Yes and they work hand in hand with the media. They create huge news and speculations in the market to drive the market up after buying at a very low position, and then when they are satisfied with the value and have gotten as much as they feel is good enough for them, they cash out, start the round in the other way with FUDs, control the market to keep going down, since there has been a lot of greed in the market, it makes it easy for the weak hands to dump until it gets back to where they feel comfortable again to buy back with the cycle going over and over like that. We cannot escape it.

In fact, the trouble will be huge and what we may have to start fighting for globally is who is going to be the world power. I do not see how this can happen anyway as it does not sound realistic. Every independent country can decide on which currency to choose and unless every of them then decide to choose only one currency, it is not something that sounds feasible at all and I totally love the analogy you made use of.

One thing about humans is that we love assuming things that we already know the possibility is close to none. There is really no point debating it, but rather than assuming what could happen, what if we just wait to see if the moment ever comes or not before we start thinking of where it could lead to. The first question is who is going to be in control? And unless it is Armageddon, I do not see how this wants to play out.

Yeah, that is how to think most times when trading the market and which is why it is good to look for price actions. The market at $12000 hit a good resistance and also fell on the upper line of the downtrend channel, so it is always normal for it to retrace and then after finding another support, go back to hit the line again which if we can hit past it, that technically shows a switch to the upper trend.

If we are to look at the rate the news about cryptocurrency in general is increasing and the level of awareness it is generating, it is obvious the future is very promising as we keep seeing demand growing a lot. We cannot even have complete stability but a time will come when we will obviously not be seeing some huge bearish move or bullish move in the market and just some major swings in the value.

Pretty funny! Okay! I think you have brought it even from another angle, so you had think a man playing some poker with me will be more concentrated on the pretty woman trying to draw his attention to confuse him a little ? Think twice !

As long as it has to do with money, any pretty lady can wait and maybe just after that, you can start trying to remember all the activities the lady was doing in your head to make a move. Also, it is all about luck, and no matter how good you are even though in games like poker, you may need some little stuff to always look out for, but at the end, if it is not you, it is not you.

Do you have any reason to believe it will not grow ? I guess if you can answer that first, then you should have the perfect answer to your own question.

Every market can have a trend, we have had so many trends before and bitcoin has been following an uptrend for a while, so thinking because of a downtrend, we cannot grow again, is totally absurd. The market will recover and then we will end up seeing a lot of greens and not reds throughout the whole year.

And those are some of the things the whales see in the market that makes it possible for them to gain even more from the market. Emotions are always written on the chart most times, and then they capitalize on it and they use it to get a huge benefit since they all have strong holdings in the market with news to make the weak hands consider if they are really making the wrong decisions or not until they panic and sell. The market is looking good to me still now with some strength. The sell pressure is not that huge, but it is just patience that we all need.

Crypto ban now would even be the last thing used by any government as it would have no effect on the market. I see this as just a plain manipulated market and sometimes it sucks, but really, I do not expect anything less. Some have the power and resources which ends up placing them in a position to drop the prices when they deem it fit and then some panic as a result of that and end up giving them all their little money.

Every market always reacts to news so it is natural. The media one way or the other has always had impact on the market and most times I always have this huge feelings they are being paid by whales to do so, I may be wrong but if you look at all trends, they seem to happen a lot.

When market is having a FOMO rally, negative news comes in once you see a huge volume leave the market which obviously are from the whales, and then the market drops, until it could drop no more, and then a huge buy volume kicks in and we are at it again with good news from the media.

Right and it takes someone with a lot of experience and smartness to be able to notice that. We are in a market, it can go down, it can go up and rather than complaining, there is a benefit to gain from every trend. Most people cannot see these benefits because all they know how to do best is to complain.

However, at the end, it all simply ball down to one thing, which is patience, most especially if you cannot control the situation nor have the understanding to make it beneficial for you.