Huge drop while i am asleep! This is BS

[mainpmf]

Many people have to LOSE in order for a few to WIN.

Be honest with yourself that maybe you aren't as knowledgeable of the market as you think, then take a break. If trading is what you are passionate about, then only risk small amounts that you are WILLING TO LOSE. Consider it payment for education and entertainment purposes only, and go from there.

Yeah that's an important step...

I was trading a lot a few months ago. Made some profit, lost some too...
But I stopped everything simply when I understood the reality: I can't predict shit xD
I mean for me trading is more or less the same as gambling. The difference being that the odds are completely unknown and so are the payouts! I get it that it's a job in itself and it's not an amateur place because as a newbie only one thing will happen: you'll lose all you have. So don't trade because you can't understand or predict the market.

[morantis]

at the same time, we are a good bit up from december, this is a big high point and by investing in hunks and chunks you can profit

[olubams]

Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after  hearing my phone vibrate like crazy to find the price dump to 920!!  What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

I tell you. It has not been easy for everyone all over the world where Bitcoin is being mentioned. For you, I say youre lucky because you were asleep and you couldnt have made some decisions 5 minutes before the drop. For me over here, I had wake up with smiles seeing that  things are still very much with the range where I left it last night and within minutes for me to refresh my account, I could not just believe it but I m also optimistic that we will recover...

[Tanic]

I think you don't need to make panic and to start a new thread cause of bitcoin lost couple of dollars while you were sleeping. That is normal situation and bitcoin is rising same fast as it going down.

[dooglus]

For those in east coast, how do you deal with this volatility during the early hours of the morning???

Turn the phone to 'silent' mode and get a good night's sleep.

As the old saying goes, if you can't stand the Bitcoin-heat stay out of the Bitcoin-kitchen.

[fuckingidiot350]

For those in east coast, how do you deal with this volatility during the early hours of the morning???

Q. there is no way to predict when a whale will appear and create a massive dump?
A.  true

Q. You know that during a big dump money always goes from the small fishes to the whales?
A. true


A. So don't risk your money when it can disappear due to one whale dumping on BTC.

Keep your money safe away from the bitcoin sharks.

[dooglus]

Q. there is no way to predict when a whale will appear and create a massive dump?
A.  true

Q. You know that during a big dump money always goes from the small fishes to the whales?
A. true


A. So don't risk your money when it can disappear due to one whale dumping on BTC.

Keep your money safe away from the bitcoin sharks.

Username checks out.

[Vuizel]

Yes its pretty sick but that is the world of the bitcoin on every moment it can go up but also down, be prepared to sell when you have a good price.

[TheBobman]

Yes its pretty sick but that is the world of the bitcoin on every moment it can go up but also down, be prepared to sell when you have a good price.

That is indeed the market, its not for a reason that you always have look at the price everyday and minute because it can in a wink go up or down, its now just so unstable.

[Mlich]

What in the world is going on with the bitcoin price From 1130 dollars to $975 that is ~$150 drop and this is happening to soon,

[Przemax]

What in the world is going on with the bitcoin price From 1130 dollars to $975 that is ~$150 drop and this is happening to soon,

Its an internet Magic money. Its just a wizard of disappearance in action. Have you ever heard a phrase - if its sounds too good, its propably too good to be true.

Learn a lot more about something before puting your money there. If there was no correction on the market price in any market, it means its a total manipulation and not a free market. Its just that simple.

[Mr.grin]

the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

[Watari]

I just do not want to see the price of bitcoin back down.

lol, that's endearing

[BlockEye]

the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

Me too. I recently bought bitcoin @940$ price per bitcoin and i regret that i didn't sell it when it hits 100$. I feel too greedy and expect that it will break 1000 price.. i think whales decided to dump earlier on what i expected. But it is ok, there is still no actual loss if we still hold our bitcoin

[1Referee]

the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

You can't stop the market. It's people's choice to buy up the price all the way to +$1100 where no one is being forced to do so. If you buy at such prices, then you must realize what risks you're exposing yourself to. And exactly that is something they don't realize/understand, or they simply don't care due to their yolo mentality. I personally don't rule out to test the $800 level again within let's say a month or so. Market was heavily overbought to a point where people with common sense would just wait for the market to come down again before buying themselves some coins. But then again, as long as people don't sell their coins, they don't lose anything.

[NeuroticFish]

Why it seems that bitcoin is most active at night in the US eastern time?

You could use proper programs that can notify you if something big happens on the market.
Or just deploy some safety nets for when you are not in front of the computer (with the obvious risk of false changes in trend and the risk of having too much money on online services).

But don't worry. Sooner or later Bitcoin will recover and even get higher.

The market is for the ones very agile and that know the game very well. You don't seem to fall into that category so you better stop trading and better play the waiting/hodling game.

[amacar2]

Me too. I recently bought bitcoin @940$ price per bitcoin and i regret that i didn't sell it when it hits 100$. I feel too greedy and expect that it will break 1000 price.. i think whales decided to dump earlier on what i expected. But it is ok, there is still no actual loss if we still hold our bitcoin

But price have broke $1000 few days ago why you haven't sold at that point when price was pumping on $1100+ and if you have bought @940 usd you can sell it now if you are not feeling comfortable with that price as price right now is at the same level where you have bought.  

I strongly believe that after this correction, bitcoin will find floor at $1000+. Few panic traders are dumping below $1000 right now, great time to buy more and bag hold..

[uki]

the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

Me too. I recently bought bitcoin @940$ price per bitcoin and i regret that i didn't sell it when it hits 100$. I feel too greedy and expect that it will break 1000 price.. i think whales decided to dump earlier on what i expected. But it is ok, there is still no actual loss if we still hold our bitcoin

That is part of the learning process. One has to learn how to control the greed in order to be a successful trader. Same applies to trading Bitcoin.
The pump was already insane once we crossed $900, so I was expecting it to end as soon as we cross $1k. We went much further than I was expecting.