Crash recoveries are not moons

[TheUltraElite]

Well, I guess it's Moon for traders that make 2%  profits daily .   That would be a hugh profit for a serious investor. Two percent on a million dollars for example is huge profit. There are very few investments that can get you that kind of profits everyday

Who do you think would be putting in 2mil dollars into something as volatile as crypto? Most people dont and exceptionally some big investor might come into the market but probably not at this point. Obviously if they do enter a low price with that much capital they would be booking huge profits when they exit. Keep in mind that when they do exit there would be a huge crash as well.

The market has its own pattern. Whether we like it or not. And it also goes Bearish after being Bullish. It's never easy to run a loss. But from a technical point of view, there is nothing wrong with 1-2% only.

Saying that the market has a mind of its own would not be totally correct. It does depend on what the people are thinking but also it has become much resistant to news and FUD this year.

[StarofBTC]

I think you're wrong. Crash recoveries are somewhat great and from crash, there goes a big pump. Just like what bitcoin did last time, last December apparently. It's a great recovery right? And bitcoin mooned, no doubt about it.

Pumps do not happen all of a sudden after a crash, we still always get to see some little bit of consolidation, a movement in the upward direction and then possible level of moons. A lot of people always believe that as long as the market starts correcting upward in the short term, the market is set to start a bull run but it never happens this way and they easily get frustrated.

Last December that you referred to was a bull year and a year with an uptrend higher highs and lows), it is the opposite we have this year and I would be very careful not mixing things up.

[laxiossa]

These are pretty much people concluding too much or being too overexcited about the increase. It is all about the increases because it is beneficial for them obviously, therefore due to continuous rush in increase they believe it is gonna go to the moon then finally give up in the end once their expectation didn't get the satisfaction. Ignore these traders or somehow you could lecture them to avoid getting too much of their emotion. Emotions aren't all about the regret or depressions, it could also pertain from positivity of one's view in a situation. Somehow it is getting to exaggerated and it is no longer controllable emotion.

Waiting for moons is not the only one option. Overexciting of people give an opportunity to speculate on day/week price jumps. Everyone think that 2-4% per day isn't huge profit, but in summary it gives real money I use https://coinsharbor.com/ to see the increasing of my account.

[SolomonSollarsNSense]

These are pretty much people concluding too much or being too overexcited about the increase. It is all about the increases because it is beneficial for them obviously, therefore due to continuous rush in increase they believe it is gonna go to the moon then finally give up in the end once their expectation didn't get the satisfaction. Ignore these traders or somehow you could lecture them to avoid getting too much of their emotion. Emotions aren't all about the regret or depressions, it could also pertain from positivity of one's view in a situation. Somehow it is getting to exaggerated and it is no longer controllable emotion.

I would want to stick with the over excitement part. The thing is that it is normal to see people get a little bit anxious after holding through the dips and once they see some upward movement in the market, they start anticipating for moon-ish behaviors in the market. Things do not work this way and it would take some time to see the market get up pretty fast.
Nevertheless, an uptrend can start from what could be perceived as a correction, but at least, it makes sense to allow it form first before even calling moon.

[bering]

I think the cause why people always thought recoveries price will continue is because they expect and compare between situations last year so they will always be linked recoveries market with the process bitcoin reach the highest price but i have to says with the current market movement i think difficult to repeat it at least for near future

[TheUltraElite]

Waiting for moons is not the only one option. Overexciting of people give an opportunity to speculate on day/week price jumps. Everyone think that 2-4% per day isn't huge profit, but in summary it gives real money

Please dont promote sites like this. What you may like for yourself might be suitable for others. Also people tend to look into short term gains as far as retail investors are concerned and those who tend to panic on losses would just cash out their money once a small gain happened. This is one way of trading, so saying its good or bad because that is a personal choice.

I think the cause why people always thought recoveries price will continue is because they expect and compare between situations last year so they will always be linked recoveries market with the process bitcoin reach the highest price but i have to says with the current market movement i think difficult to repeat it at least for near future

It is possible that last year's price gets repeated but we must also remember that the pump is over estimated this year and there might be premature dump in this enthusiasm.

[LuciferEveningStar]

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

You should be always expecting drastic changes because the market is volatile so the prices will be always depending on the supply and demand which reflects into the value of the bitcoins or altcoins.

[robertsu]

People trying a find any confirmation that the market will grow. They every day looking a news, sometimes happy, sometimes crying. For beginners, look on attention this people not good idea.

[kent47400]

it is better than the price keeps going down and out of control, due to the fact that the cryptocurrency market has lost its value of around 500,000,000 USD.

we should be grateful for all that because there is a price increase.

[stadus]

it is better than the price keeps going down and out of control, due to the fact that the cryptocurrency market has lost its value of around 500,000,000 USD.

we should be grateful for all that because there is a price increase.

It loss value from it's all time high and the figure you write is just very small because we are talking of billion dollars here.
The market will go down but it will not collapse because people will still buy once they hear a good news, and when the bull run comes, everything will be back to its ATH and even rise more than that.

[NavI_027]

It's not.

So you mean that 1% - 2% of recovery are worthless? Just to be clear, even how small the recoveries are, it was still an improvement after all and you cannot discount it. I think you're just become exaggerated to that one .

Nonetheless, I do agree with your title. Small ups cannot be considered a major sign of a "skyrocket". Crypto is naturally volatile, remember? Meaning, it's normal to experience ups and downs in this field everyday. All of us should get used to it and treat this kind of situations as "nothing special".

But then again, there's also nothing wrong if you will get a little bit hype and be hopeful every time it happens because that's a natural response of an investor. Just always keep in mind, remain calm and expect less because the more you expect the more it hurts.

[TheUltraElite]

People trying a find any confirmation that the market will grow. They every day looking a news, sometimes happy, sometimes crying. For beginners, look on attention this people not good idea.

It standard human emotion to be hopeful and hope that the market is going to rise. People have sell orders ready to be executed and they are tired of having them stuck for days and speculating the returns. Patience is important here because the rise of bitcoin price is currently not having any impetus while the FUD keep on growing day by day.

If you look into the reddit channels you will see the idiot shills promoting their shitcoins like their lives depend on it. Maybe they do because they were brainwashed into investing in that coin and now its going nowhere. Even then continue to hold bitcoin because its the one which is going to moon in future and like I always say bitcoin is a long term investment.

[zcooipo]

All predictions and negative news will be drowned in the green of the market. I think that market ups and downs are necessary, which I have always believed!

[Docnaster]

It depends when you bought in. Sure, if you bought Bitcoin at $19,000 and then you see it increase from $6500 to $7500 in a week that is just a small recovery to you. However, for those (lucky bastards) who bought in at $6500, then saw their investment gain $1000 so easily, then I would definitely consider that a spike (but certainly not a moon still).

[jujurloe]

think more calmly, when whale tries to push the market to fall, what exactly do they want? of course they want to buy lots of coins they are looking for, the rest they will definitely make the market rise because they also need to sell, that's when we will also sell.

[leonix007]

think more calmly, when whale tries to push the market to fall, what exactly do they want? of course they want to buy lots of coins they are looking for, the rest they will definitely make the market rise because they also need to sell, that's when we will also sell.

Get used to it

Whales are already part of market trades

Learning how to play with them will also earn some decent profits, will also Rekt you when off guard

for scalpers, just play it safe buddies, cutloss is a must

[cpkozak]

Currently I am actively buying into and selling out to get profit, I am not in expectation of this market will grow sharply until the moon. I'm just focusing on the profits I'm earning.

[bitbunnny]

I think that the problem is that people expect too much of trading and market in general.
Of course, if you are playing with big amounts than you want big profit too but there are many who are not big and professional traders so they are satisfied with smaller earnings too. Not everyone has the same profit apetite and smaller earnings don't have to be considered as a failure.
Not everyone is aiming to the moon and stars, some traders have more realistic goals and are going slowly to them.

[trickyriky]

It depends when you bought in. Sure, if you bought Bitcoin at $19,000 and then you see it increase from $6500 to $7500 in a week that is just a small recovery to you. However, for those (lucky bastards) who bought in at $6500, then saw their investment gain $1000 so easily, then I would definitely consider that a spike (but certainly not a moon still).

Oh yes, while we are discussing now the situation around Bitcoin and the altcoins which are in top-20, some of the investors, who chose the penny alts are counting their great returns. Everything depends on the picked crypto as well.

[Yramesor0]

Yes right. We do not know exactly what are the reasons behind this changeable market price. Everybody is expecting a price increase for a long time now but when it started to go up, all of a sudden the market price starts to drop again and this makes us more frustrating. This is correct that crash recoveries are not going to the moon.