I bought bitcoin when it was around $14,500 in January and I am still holding because I am not discouraged. I have great hope that bitcoin is going to increase in price and volume in some years to come.
That is the spirit mate, keep holding it tight until it gives you a profit. Thank you for the encouraging words and I really believe that in two to three years to come we would get more profits than those that buy in 2014, bearish market and sold last December. I am seriously hopeful that we would make money if we can hold and be patience! Well preferably that's what i would do as well but the amount you've invested at that price should be something that you can let go for a long time. The problem with those that got rekt is that they we're expecting quick and sustained profits, which, as we all know, is not how crypto works. |
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IF we went down to 3k and you'd be looking for similarities with 2015 there would be no space left for another year of bear market, simply because that would already be almost 90% drop in value, which was exactly what happened in 2015. It wont happen, at least for now. The drop happened till 5995 USD and then umped back to buying pressure and now bitcoin is over 6.3k USD at the time of writing this post. Bulls are ready to buy back whenever the drop happens and happens significantly. Its not a surprise that people had buy orders set at 5.9 K USD mark and they got filled in at that time. The difference is, BTC needed 2 years to reach that level and here it would happen in 9-10 months. What also changed is the mainstreaming of crypto and crypto related topics. Almost every 1 out of 3 internet public are now talking about ICOs, bitcoin, ethereum and all. This was not the same in 2016. IMO it would be not only too much of a dip but also too fast and for that to happen there would have to be a fundamental flaw. Pure market sentiment won't cut it. Pure market sentiment would push it back everytime it went down. Simple observation.  The bottom most probably could be 4500 - 4800$. But 3000$ seems not highly possible. But this market can make everything possible. Whales are always on the watch here. I think if we're going to go that low or even below 5k, it would'be happened already but look at how quick the price bounces back above 6k after dropping to 5.8? |
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The long term investor will always be in profit. As an option it can still be an experienced player trader. Who, thanks to his experience can also make a considerable profit.
For me people should choose long term trading over than short term trading because many people are becaming rich by doing long term trading and as a investor i like to hold my coin for long term because it is not hard to do because the only thing needs in long term is having a long patience. We can't tell people to choose on over the other here because what works for us may not work for them and vice versa. Some people are very efficient in day trading while some are not, that's why they prefer longer hold |
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If I don't crash in trading, maybe I can't collect my Bitcoin until now.
Accidents in trading are necessary so that we can get to know the wider market.
Yeah and it will make your nerves solid since you'll know how it feels and how it is to see your funds go down first hand. You'll learn a lot more in these circumstances than when you're always being lucky. |
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we have a very strong support at ~$6,000 for a few months now
I hope this stays true to the end of year and builds confidence on bitcoin future value
if you haven't hold enough, this is the opportunity to buy some more for somewhat good price
Yes, sure, this is the chance to get more BTC. The price is low. However, I'd better wait for the days when Bitcoin falls critically - this is the best period to buy this cryptocurrency. I guess it might be even less than 6K. I think $6000 is a solid support line for now and we hope it will not be broken because it will dump further below $5000 if support is gone. Less than $6000 range is a good buy in my opinion, and you can get profit once it recovers several weeks from now. Well we've broken that support line probably twice or thrice this year but the price is always quick to recover so yeah i think it will stay there or if it goes below 6k, there will again be a quick recovery. |
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The best option is USDT, but i guest not much people holding USDT because of they have spend all USDT to buy bitcoin or altcoins. The market keep crashing make people think that those price was in dips, but it not true and market keep in downtrend.
Eventually it will end and we'll likely see the value go up towards the end of the year but yeah some people keep usdt in this kind of market and that actually makes it a lot easier to react to pumps and dumps. But it doesn't work for everyone. You'd have to have a lot of experience and skills to pull that off. |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Maybe I'm doing something wrong but every time I tried to trade my Bitcoin in this bear mode, I'm losing it so eventually I decided not to do nothing, in this period of time. Just hold and wait for it to recover. Lol yeah i don't think you're the only one there dude. The movement in this bear market leans highly in the negative drop so you have to be really careful to even make a small profit. Some people have the skill to do that. |
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Bitcoin is very low today even 7700 buck...do you think is good time to buy now or will more lower and crash to 3000 buck...very difficult to predict...what do you think... Who t f is selling on this price.....?....
Right now the price of bitcoin is around $6000, and I think it is already a good time to buy to invest to get profit in the near future. I don't want that bitcoin will crash down to $3000 because if that's happened many of us will lose hope and will make panic selling for sure. I think it would be beyond panic if you sell at 3k especially if you bought in at a much higher value lol. It's more likely going to resignation that you've already lost money. But don't worry about it because we probably won't get to that point anymore this year. |
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There is no sense in blaming yourself for not selling in December. You won't reverse the time and you could not predict what will happen.
Your advice is correct, he does not need to blame himself. If everyone knows before the price, they will easily get rich not only with bitcoin but also with other coins. This is where people fail to understand that it is market and not everyone can sell at the peak and no body exactly will know the peak else in the world everyone would be rich and no body would be cribbing to have more money. So if this is understood life becomes more sorted. But it is a basic rule of trading, that people think that one day they will see bitcoin in a peak and then they will sell all bitcoins and make rich and later on when bitcoin will dump, so once again they will buy it. Well i don't think a lot of people were able to sell at the peak or close to it since the price was consistently going up. I mean it's hard to exit when you're thinking that you can get profit a lot more while the market is still going up. |
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but in fact like what man above said, new investor only think about buy and sell. when they loss in their investment, they only blame project that they invest because they don't have any experience how to manage asset when they loss
Yes without research they just jump into buying crypto assets. Some even say this is the reason why there was a bull run last 2017 because on the 4th quarter of 2017, new investors jump in and all they know is Bitcoin is a good investment and when they reached their target they started dumping their coins leaving us with Bitcoin at below $10,000 USD. Well aside from that, whales probably had a heavy hand in that ath pump, basically to lure would be investors. Who wouldn't have interest in something that can seem to make you wealthy in a short time lol. A lot of people got a little too hyped and got themselves in deep losses. |
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that why when you will go trading you need a target, so you will consistent and not affected by the price, because you already have a target when to sell and to buy.
Well i think everyone has a target. It just depends in how firm you'll be to hit that target. There will be times when your target would seem impossible to hit and you may need to hold for a long time. You must be prepared for those kind of situations. Pump and dumps due to manipulation make this market crazy so you have to know how to go with the flow. |
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Electronic market is falling, it's bad, I do not want that to happen. Because people often do not keep calm when the market falls. But the more you lose your temper, it will not solve anything but make you decide for yourself. Do not rush to sell your coins.
That's probably because of lack of information and too much expectation. People easily get in because of hype without considering the downside of it. That's why a lot get rekt and if you're new, first reaction would be to panic of course. It'll take time and experience before you can get used to this kind of volatility. |
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This year the entire market will continue to decline, with no growth period, I am really disappointed in the market this year, how many expectations I have missed and now the losses are in sight
Actually if you expect much in 2018 you will be disappointed as much. I hold my altcoin since March with the hope that the market will rebound in May or June. But now the market falls deeper than before. It cost me nearly 60% of the altcoin value when I bought it in March. Agreed that 2018 would be a less active year like 2017 and the price is going down. Well if you base your expectations from the movements of late 2017, then of course you'll be disappointed. Though that's what you'll get from having too much expectation from a very volatile market. Crypto moves in it's own time and this best market may very well continue until the end of the year who knows. |
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Nowadays it's also the right time to buy cheap bitcoin today because of its low price right now because many say it will increase before the new year.
Exactly, i agree with you. This long bearish period of crypto (from feb till now) has bought crypto industry to less than 200$marketcap which means many coins are too low in value, good opportunity for the people who want to enter in this market. Though i agree that it's a good opportunity to stock up on your portfolio, you should also consider that it may take longer for the bulls to return, thus you may need to hold on to your coins for a longer time, perhaps even beyond 2018. |
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I personally think that this could be a problem in August and September. Great observation of the past and look at the future ahead this time. This might be a true scenario of bitcoin. No doubt about it.
OP might be wrong. The market goes both ways. It's either going down or going up. So you also saying it's a true scenario absurd. Btw, I'm seeing September as a really promising month for the entire crypto community. There's so much to be optimistic about. One, Crypto has been doing fine in the last quarters of the year. Whoah doing fine for the last 3 quarters? If you haven't noticed , 2018 has been dominated by beard with probably the exception of april. Though i also think.that something positive will happen before this year ends, the possibility of going below 6k is still there. |
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Well truth is, with bitcoin, i'm not looking much into how much i'll get this year or probably next year. It can go up and have another ath run or it can plunge lower i don't seem to care. I feel like btc a few years from now would have a value that would make waiting that long well worth it.
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Now is the perfect time to collect and save bitcoin. If you had a trust,you will never afraid to save huge amount of bitcoin especially this moment. You will regret your doubts when bitcoin rise again this coming ber months.
Even if bitcoin doesn't rise as we've been expecting this last quarter, i still would be happy to hold until next year. This has generally been a correction year so i don't expect any dramatic run to happen but none the less i think the future would really be good for holders. |
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Over some months now BTC has seen so much decrease in its price and nonetheless its still the greatest coin of all time. I have seen people selling in escrow markets with high amounts of btc and I see them as people who are selling because they fear btc will drop down to the dip. As for me I always say that I will take advantage of this time by buying as much as I can and laugh later. I think this is the right time to for us to buy. What do you think guys? Any contribution is also accepted.
I am totally agree with your point of view. Even me will do this because it is one of our strategy as a Bitcoiners always take a risk in the market price of bitcoin. As always say when it comes to this topic. Buy bitcoin as long as the price of it is in the lower price and sell it when the price is increasingly. This is a great way for us to earn a big amount. Well we can't expect everyone to share the same outlook as us when it comes to what to do with their investments though taking advantage of a dip instead of panicking sounds more logical. Some people just aren't prepared for what this market will show them. |
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This market is always up and down and the volatility is real and that is why we have to invest wisely if we actually want to makes money from this market. I don't think we are not going to have bearish market more than the bull market this month so we have to prepare for that.
Yeah and i don't think there's any specific reason why thr price moves the way it does because it's highly speculative and sometimes manipulated. So it can swing at any time without warning. That's why many predictions usually end up off target. |
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India just BANNED Bitcoin? Will BTC now crash?
Why? I though India accepting bitcoin but I am wrong. This is not a good news for all of us. Will in my opinion, it will not affect bitcoin or it could not be a reason to crash. Bitcoin has many supporter or I mean they will not let bitcoin to crash. Many people is now relying to cryptocurrency and I think they will proctect it until the end. Besides India, Arab has also currently banned bitcoin. but I think this thing will not make prices crash. even my country also prohibits the use of bitcoin, but have no effect on the price. unless one of the country's enormous influence on bitcoin. whereas currently more countries supporting bitcoin compared banned bitcoin. Did they though? I think we're misunderstanding these bans a couple of times and that can lead to panicn which won't really work well for lthe community. India, like china, has been very open about it's stand when it comes to crypto but a total ban or illegalization isn't in effect. |
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