It is not even just about monitoring the chart; it is always good to know what one is looking out with the ability to do some analysis. Yes, it is not that easy regarding how complex bitcoin can be, but at least, one can always use resistances and supports as the main targets and this should always help to know what we are having next.

Unfortunately, not everyone can achieve this, which is the reason some investors just prefer holding without bothering themselves about what happens on the charts.

Yeah, martingale is still a lot less risky depending on your bankroll and your starting bet. However, like you said, it is always good for one to know that this is not a profit making venture and you can still lose a lot from a long losing streak if care is not taken. So in that case, there should always be limit which I apply once in a while until I noticed from my statistics that I have been running in negatives a lot since I started gambling.

It is all about the experience and most times, not everyone knows when they should really be selling anyway, considering the fact that the top may not necessarily be the top. It is always good to understand that the market is always in a position to act according to how it pleases, so it is better to always have the knowledge to play with the market or just hold as the case may be.

No one has missed anything; the market will always give everyone a chance to join the train at any point. Of course, for those who are late to join the train, they should not expect to get a better position compared to those who already joined the train in the past. It is always the same way it would be in the long run when some people come to join later on.

Most especially for someone who is even looking forward to the long term of it, this is just perfect. The value cannot be better than what we are already having and even if it does the probability of it getting back right up to test the upper downtrend and break it is always still possible.

We have a strong market and if that is not good enough for a long term holder to start loading up now, I wonder what they are doing here then. If you do not have any knowledge of the market, it is always better to be picking the pieces at the dip.

Let us not forget though that we had a lot of Fomo last year and even though we end up having something similar to this case this year, it may be hard to reach that $25k. Market may be pretty slow this year, and we may have some consistent price within some ranges, but at the same time, no one can ascertain anything as the market is full of surprises, so at the end of it all, we just have to manage whatever it ends up giving us.

I guess anyone that would be inclined to sell now without much information as a trader will only end up doing more harm to their investment. It is normal to see people wanting to sell what they are holding due to the way the market has been behaving, but we all know the market cannot keep going down forever. Once we are able to breakout from the downtrend channel, I believe optimism will set back in and hence we will see huge volume, but for now, we just have to wait.

I laugh most times when I see statements like this. We should leave predictions out and there is nothing we can predict or assume, we only expect that something positive can happen soon and until it happens, we just keep our arms crossed, pick our popcorns and see how the market is behaving, which for now, there is no point thinking of a bull run that has not even coughed, let alone start, and that is if you guys even understand what bull run means.

Good and positive news are normal to start seeing at moments like this, most especially when the whales have bought back in. I expect that we should be expecting a lot of volume in the market once we have a change of trend, but for now, there is nothing like bull run yet.

It is good to see that we are holding strong and the bears are not that impacting too much in the market, but it is too early to assume anything, considering the trend has not even changed.

Exactly, just some whale manipulations, traders hopping in, the price being pumped, fomo trying to get a piece of their cake, royal rumble all the way to the top and boom! The whales dump, everyone keeps dumping, price action keeps turning south and then the market comes back down leaving those who bought at the top and hoping that one day it gets pumped back. That is just the plain explanation of something that is driven with speculation and ETC is one of them.

That was when there is a huge rally and a lot of transfers over the network causing congestion. If you have made transfers recently, you will know how fast bitcoin has been and even if you now end up making a segwit transaction, then you will so much love bitcoin. I made a transaction yesterday and it only took 2 minutes to get 3 confirmations. However, like you said, it depends on coins, but it also depends on the scale they are being used at a particular point in time.

Normally, most altcoins since they are not being used on the large scale as much as bitcoin takes faster in transacting and anything more than 1 hour should start bringing some worries. Bitcoin on the other hand during network congestion and unluckily you ended up using a low fee, you may not even get your bitcoin in weeks and at times, it may need to be rebroadcasted later, but these days, it is just so sweet transacting.

I am trying to put all the pieces of what you have said together to make sense out of it, but I just keep getting confused. Manipulation of the market is not something new already and whether we like it or not, there will always be monopoly.

Some have the resources to hold a very good position and they definitely find a way to come together to drive the market in any direction they want and all they do is emotional trading, which is where they make even more from to keep holding a better position in the market. It is like a cult as far as I am concerned, but what can we do ?

Yes surely nothing is impossible, but there are somethings that are better not being assumed, knowing what could be the outcome. The possibility of having something like this does not really make a lot of sense, and unless we all just want to be under one government who is in control of the currency which we all know it is not possible, then this cannot happen. Moreover, this is not to be compared to KFC in anyway. We are talking global power here.

As long as demand keeps increasing, I expect the value of bitcoin to keep going up and same applies to increase in supply and downtrend.

Bitcoin though still have a lot of room to grow and with the development that could generate more interest and adoption, I totally believe in more bullish moves ahead for bitcoin. I can relate with the consideration of a stable price comparing to the uptrend and downtrend anyway, but one way or the other a decision will still have to be made soon.

Trading has always been challenging, and no one said it would ever be easy, even pros will never tell you that, which is why learning is always the only way to be able to overcome those challenges and make the best moves with them. We are in a complex market and the more you see the market to be like that, the better is it. With knowledge comes experience and with those two, any trader should be fine and see the challenge as even a benefit.

Yeah, apparently, there is no one who can tell the exact time when a market will decide to change trend, but for someone who is a trader and knowledgeable, playing with those swings makes a lot of sense. However, it is not everyone who can actually trade, which is why it is important to at least learn how to do some analysis most especially for long term trade, as that helps a lot to take advantage of those swings.

As long as you are holding, just keep holding. One way or the other, your balance will always keep increasing and unless you are trading, you should not bother yourself with what is happening with the value of your holdings. You have said it yourself, you started with $5000 and now even with the whole dump, and you still have like $20k. What else do you want? Market is always volatile, and there is nothing you can do.

They call it assumption, and no one here who has been claiming that it will happen have anything to justify if it will happen or not obviously, it is all speculation and what each and every one ends up wishing they would want to see happen. It is good to be bullish on bitcoin's price, but it is also good to be realistic.

For someone like me, I usually do not bother myself when it comes to bitcoin's value. All I do is monitor the charts and see where it leads once in a while, to make some profit from the fluctuations.

That is what usually makes some investors smarter. They know what to look out for in the market, they know when there is a lot of greed and when a price is no longer going to be sustainable, and if it goes on that way, things may end up turning pretty bad.

So, they look out for overbought region and sell out straight away, without blinking, knowing the same greed that turned the market up and brought weaker hands into the market will turn to fear and cause serious panic sell until it gets to the real bottom.

Yes, I wonder why anyone will be losing 70% of their asset in book and decide to turn it physical. As long as they are still there, the market will recover and then the 70% decrease can just turn to 500% increase within few months, so I really do not see any fuss about that.

As long as you did not borrow money from anyone, they are yours and you understood the volatility, then you are fine. However, with respect to how the market affected my gambling, I will say nothing has changed.

Always looking at how bitcoin has always pulled down the market with it, most times I just would rather prefer to go back all in on bitcoin, than holding most of the altcoins. The altcoins sometimes are just good to make some more bitcoins for the long run, and except for those with very valuable products, I do not see how any of the other ones will make it in the long run. Now that the value is still very low, it is just the perfect and right time to invest.

If you guys have been staying updated with the news, then you will know that it never damage any growth. Bitmain (largets mining company in China) has already found base in other countries that are ready to benefit from it. Bitcoin cannot keep going with an uptrend all over and over.

It will always get to that point when it would just have to test the bears power and those news are always the tactics used by the bears who want to have a hold of the market and gain from it since they have sold at the top, but some people still fall for it over and over again after all that is being said and I keep wondering why.

Just plain simple! If the team looks like those who cannot manage money well, and they do not even have the slightest experience to pull whatever they want to do of, before even considering the cryptocurrency or ICO at all, then such a project is obviously a scam. There is no need brushing the faces and thinking something good may end up coming out of something that obviously does not even sound right. Like you said, it takes being extremely careful to be able to make good decisions when it comes to investment.