Indeed btc is the fastest growing asset we have in the market, only a decade ago since btc was created and already achieve so much, the mc maybe low compare to what it use to be in few weeks back but knowing how btc is growing fast, in 2 to 3 years to come am sure the market cap will even be much higher, am not worried about this current price and my because I know the best is yet to come, so I hodl.
Ever since Bitcoin was created (2009), Bitcoin has given a positive return for every year until now. If you had purchased your coins anytime from 2009 to 2020, you will be in a profit right now (and that is despite the recent correction, in which the prices went down by 40% to 50%). And what more proof you need to do long term hold? Ultimately Bitcoin is going to make us very very rich (in case you are not rich from your investments in Bitcoin till now). All you need to do is to hold on to your coins for another 5-6 years. indeed we must instill thoughts like yours. when there is a big correction, we have to start investing and let it go in the next few years. things like this are not easy, even though they seem easy, because we let our assets in the next few years, of course, the more often we look at charts, there will be a lot of inner war in our psychology to do something |
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We should also prepare ourselves for a long bear market because the bull this year was so strong so I also believe that we will go back from where we started, it could be deeper.
Completely disagree. This bull cycle has been the result of increased adoption. Particularly institutionally. I don't think we will see a prolonged bear market because of the success we are seeing in this bull market. Well no one really knows about what will happen next we can speculate but we cannot really point out any exact date on when crypto rise or fall maybe it will fall in a short time and rise again and become partially stable. Everything is unpredictable we need patience not speculation. But as long as we can see the marker is on good shape we can speculate that we possibly got a good future with bitcoin. But although your right that we doesn't know on what will happen but aslong as we can see more people hype or share some positive news about crypto well maybe we doesn't need to worry about the bitcoins price in future. although we know bitcoin will be bright in the future, but sometimes we are not mentally strong to see the volatility of bitcoin which moves quickly. let's take an example when the price of bitcoin decreased, so that it reached $ 3500, at that time did many know that bitcoin would reach this time, of course many people were afraid to step up at that time |
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I think you often have to discuss with your friends, how to do the trading strategy. and don't forget you have to practice more in order to get more experience. I think at first a lot of traders are like you, and this is like natural selection, where we have to stay focused on the main goal
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That's right, moreover if it is only based on the feeling and also following other people free signals.
This is exactly gambling without any consideration. Once they are fortunate, they will get profits, and then they can fall so easily. But, this is very often happening in the crypto market because they only think about the profits, not risks.
The problem is some of them got peer pressured to try futures because everyone around that person does it which is a suicide for your money because you clearly have no knowledge and your friends who do it doesn't have a clear idea too. but many people do it like that, without any knowledge and follow what friends are saying, with various examples that are sweet to hear. and in the end they become bait of their own fault. therefore do not want to get rich quick and in a short time, because everything requires a process |
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how much more may go down or market will recover form now? if require how many time require?
what is good for now, buy or sell? my tendency is, if more go down, i will sell now or if not go down start to recover from this price, i will buy now.
No one really knows the answer to your questions. What I suggest is to do dollar-cost-averaging on this dip if you still have money to buy because if the price goes up but you sold your coins thinking that the market will dump more then you will just lose more amount of that coin when you buy it back at a higher price. If you are not able to buy now then just hodl it, this is not even a bear market and some of us patiently hodled our coins way back 2018-2020. There is no reason to sell at loss. indeed, to hold is a good choice in a market like today, but not everyone can stand it. like the previous example where bitcoin had touched the $ 3500 mark, at that time many people were frustrated and incurred huge losses. therefore strengthen psychologically for the sake of something that has been planned |
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It is always funny to see people who have absolutely ran away from crypto just because tesla shared some news  Lol that was so funny. Look at the market now, it is doing fine, BTC is down I will give you that, but weekly ETH is 13% up, BNB is only 4% down, ADA doing 15%+ profit, there are others who all have been fine. I mean I get that people got scared but I do not get why? I mean tesla wasn't the bitcoin creator, they aren't even around that much, it was funny all around. Thankfully I ended up with just enough to buy during this period, I didn't had any money at all, but I was part of a project and they paid me a tiny bit recently (just 100$) and I was keeping it in dollars because I will have to spend it, I do not have much money unfortunately these days, but I took a risk and since that was money I didn't expected, I just put it in BNB at 560 dollars, and now it is over 600 dollars, I made a good return! Very happy about it. Yeah those type of people can't make decisions on their on reason why they are prone to losing money, btc has already proven itself to be strong and contending asset in the face of all difficulties, Elon and Tesla are not the big names that invest in btc, if he decides to dump like scared boy he is welcome to do so, his fud will gradually fade away and things will return back to normal. I think right now they are only looking to profit from bitcoin to run their original business. we know they made the news about bitcoin, and now they are going away from bitcoin. in essence they are already making huge profits from bitcoin |
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Bitcoin is for everyone but I won't go with the contextual meaning you sighted equalizing it to the number of people we have in the world. Bitcoin is for all who see it as a means of investment and see a future with holding any amount. Bitcoin is not restricted to age, size, color, race it is for all sundry.
right, bitcoin does not look at everyone who will use it, but around the world, bitcoin users are only a small part, maybe this is because until now bitcoin is practically only an investment tool. and bitcoin investors in this world are still limited in number. but over time the fame of bitcoin will grow |
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you are crazy and naive.
you don't need some fancy degree from a university to know how the world works, know economy, investment, etc. of course the "fancy degree" is a good thing and it helps but it is not the only way. and of course having that degree has never meant they'd know anything.
A degree is only a piece of certificate of having trained in a school. The important thing that remains in each individual is knowledge and unfortunately, they are lost without review, experience and research. I see in society there are thousands of people who have succeeded in business without having the right training. A person's enlightenment comes from his personal exploration of his favorite area. However, we still need to recognize that formal training still brings more positive effects. It's like finding the path harder than being directed. right, the degree obtained from formal education plays an important role in opening our mindset, so that it can be applied in the field. whereas with the experience we can in the field, it will make us more mature in acting, so that risk and reward can be measured every time we do something |
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if you have been here since 2017 maybe you already understand this condition. this is a cycle, when ATH has been reached after that there will be a tremendous drop. be prepared because this will happen in the near future !
many think like that, but famous people have a big influence on psychology, especially for those who are new to trading or just join in to follow the trend Even if the price drops in the future it will not go down as much as in 2017. If the market goes down for correction it will go up again the bull run is not over yet by looking at the trading signals traders can predict that the market will recover maybe going down for some bad news. If the risk is high for newcomers it is easy to get information by doing market research. we all here believe that the future of bitcoin will be better than today. if we invest, then we must prepare psychologically for long-term hold, and if we are trading, then we have a lot of experience with taking advantage of price fluctuations to get a profit |
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Doesn't really matter if we entered it earlier than expected or if it was dragged out for too long. The fact here that most of the cryptocurrencies in the market upped by a few hundred percent in just a span of 6 months is a successful venture in and of itself. We should just lay-low for now and hope for the best since this might take a long time yet again, but the possibility of us reaching a new ATH is very possible.
A good run from the start of the year, the price may go dip but many aims for t to happen to be able to buy, many regrets they didn't buy before the bullish market happens, now is their chance to wait and buy. If we wanted to buy in we must be updated from this time on because we never know how to dip and how fast it may bounce back once whales or companies enter. This year's dump can be a different story from 2018 as it's more manipulated by companies or more on tweets. But do you think those people that are wishing that they should have bought before will now buy? I believe, they are scared to what may happen to the market, thinking that it may go down more. But it is their loss of opportunity if they will pass again. The crypto market is indeed different as compared to couple of years ago. There are so many financial institutions and big companies that are also in play here. So I believe, the price can easily bounce back. If we will go up again to 50k, will the OP consider it as bear market?  When musk announces that it is avoiding bitcoin, of course there will be a lot of price declines, because the effect of the news greatly affects the market, but I think with the decline, many agencies and companies will buy at this low price and eventually the price increase will naturally occur again |
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Seriously I am looking forward to the worst that wants to happen even if he dumps/sells all the coins he is holding. I know if he leaves more investors will eventually resurface and life continues. It will definitely affect some people to also sell off their coin because they will fear the price drop rate which eventually may lead to the price drop. For me holding continues and I am patiently waiting for these outcomes.
Let him do that. I don't want people like Elon to hold Bitcoin. Why they should own an asset, which they hate so much? Exchange rates may go down for a few months, but eventually it will go back to the previous levels. We don't need Elon or any other billionaire to make Bitcoin more popular. Even before Elon endorsed it, the user base was growing at 5% to 10% per month. And from what I can see, Elon's involvement has done more harm than good for Bitcoin. I would say that he pushed Bitcoin a couple of years back. right, let him do that. that way bitcoin is not affected by just one person. so that cryptocurrency is not like a money game which at any time can soar and can also be destroyed for a moment. and finally finding the initial function will be more useful later |
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"Goldman Sachs banker quits after making millions on cryptocurrency" - That's the headline on one of CNBC article~ Aziz McMahon, Goldman’s managing director and head of emerging market sales in London, quit after making millions of pounds from a bet on the digital currency ether, three former employees at the investment bank told CNBC.
~ McMahon is believed to have cashed in at least £10 million ($14 million) worth of cryptocurrency, the sources said.
~ When approached by CNBC, Goldman Sachs confirmed McMahon’s departure but declined to comment any further. I purposely left out the coins he bought and profited from because it's irrelevant. The guy must be earning big already given his former position but it took investment in cryptocurrency to quit his job. How about you? Do you see yourself quitting your day job after this current bullrun? I hope you make enough to start with a business of your own. Not yet, thanks to bitcoin many opportunities have opened to me which I did not had access before, but we must take into consideration the next, the pandemic is still ongoing and we do not know when this is going to end and having a job now is a blessing, obviously if I had 14 million dollars as the person you bring up on the news I will quit now, but since that is not the case I prefer to keep my job and all the benefits that comes with it. why get out of this business, while we already recognize the characteristics of bitcoin. that way we can minimize risk and gain profit in order to increase our assets so that we can become people who have achieved financial freedom later, but when you think about it, trading bitcoin seems to have become a hobby for me. |
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Of course, Covid has made its own adjustments to the development of our world, but I would not say that they are positive. Many companies have gone bankrupt, entire industries have closed down forever and I can’t say that this has made our world a better place. Yes, Covid promotes the transition to remote work, distance learning, and perhaps this somehow pushes people to create new technologies and opportunities, but this is a drop in the ocean and most people are left alone with traditional methods of existence. For a leap forward to occur, the world must be without limits, but apparently in this case it is not about our situation.
right, in essence we as humans must be able to adapt to changing times. with the covid pandemic, making changes in human habits, starting from work, to fulfilling life's needs. therefore today the online economy sector is more enjoyed by everyone to protect themselves |
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even though your guess is correct when you believe bitcoin penetrated $ 50000, but you are not balanced with a strong basis, which without analysis, I doubt that such traders will find it difficult to survive in the long term. it is proven by you still don't have a good psychological well. therefore we learn together in order to survive in the market
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Many speculated that Bitcoin would be much more upward than its $50000 team, so why is bitcoin price downward?
Can we then assume that the market is now moving at its own pace and that it will return to its previous position? We've already seen that every bit of Bitcoin's precious moments come back again and again and make a better position than before. What are the current situation and the location of Bitcoin?
its just because of the guy who said "bitcoin isn't decentralised and dogecoin is better" and after that it literally make the bitcoin price decrease below 50k. No wonder actually because everytime he always make tweets its very effective in the market.. But for me in my personal opinion mate this isn't scary any more because for sure the real intention of this guys is to make a worse down trend and after that to bring it back to the top again like what happened to doge.. He's a very smart guy so watch out for the next destination of bitcoin price. We know cryptocureency is very sensitive to news from influential people, and after that it seems as if many traders are doing the same thing, so crashes are inevitable. especially if the whales sell bitcoin on a large scale and the news is followed, so that a big crash seems unavoidable |
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It is still better to do the organic way dude, unlike copying others strategy here in crypto space.
In short, don't just get easily believe in the influencer explanation about in trading on youtube tutorial
video, because most of them are not telling the truth and mostly based on their opinion and assessment
only for sure.
There is no wrong with copy trading, it is very important when you are new in trading and still on the way of the learning process. Because in trading, is not all about if you have your own strategy or you just follow to someone but the most important is you will see that you are in profit, you can see yourself that you are improving the way you make trades. In fact, many people had made their own way, creating their own strategy but why they still never succeed? I could say that better to play ourselves the way we are comfortable of doing it either copy trading or not. - Agree, the strategy created by us does not escape the scope and purpose of profit, why don't we try to copy or even become a perfect part of them, many people try to take a different path and are afraid to copy the works of successful people and make themselves a genius in the field of creativity but they don't realize they have gone wrong and destroyed their original goal. Trading is a very practical field and our competence will be recognized by profit, regardless of the origin of the strategy. Even professional people sometimes mistakenly analyze, but the most relevant thing is that we trade following trends. I don't think it's a problem if we follow the analysis of more experienced people, but at least we know the reasons why they decided to take the action |
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there are many groups on twitter or telegram that provide free analysis, but to be accurate I don't really know it. and I think the analysis we get from social media should be reviewed according to our logic. because there is no 100% correct analysis, so we can trade according to personal analysis to train the accuracy of our analysis
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Problem: whiplash and stop losses.
I expect everyone has experienced this; you set your stop-loss only for the market to wick you in/out of your position and then promptly rebound in the opposite direction. As a case in point, I recently set a trading view alert for btc crossing a certain value which it did 5 times in one trading day. Very common at inflexion/pivot points on the market. And good luck manually managing that.
So what I'm looking for is a bot (or indeed anything relevant) that would allow me to set a stop-loss as a risk on/risk off point and buy or sell accordingly, not once but as many times as necessary.
Any thoughts appreciated. Sorry if this isn't the right forum.
I am no expert on trading bot, there is probably one exactly for your needs. However, I would be very careful when trusting a bot. We don't know how pure his intentions are and if he really will do the things that were promised. Your problem with the stop loss happened to me many times. I think we can solve the problem with he have dynamic stop losses that change with the price levels. Let's say our coin drops 5% in one day, but we are convinced that it is still a good coin. We should then increase our stop loss to not directly sell the coin but rather leave a bit more room for another drop. I think first we have to determine our trading goals whether short-term or long-term, for daily trading I think it's not wise if we shift the stop loss when the price is running against the trend, for me if we place SL below the support line then if it hits we will wait again pending orders at the next support. |
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it is true that buying a lot of usd will make us better off later, I also have an assumption. we must be careful to follow the current trend, especially if it is against the trend, of course it will be more dangerous. when the market is preoccupied with transferring wealth from investors, the last pool is USD
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