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Author Topic: Wtf Guys!?!  (Read 429 times)
XinXan
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September 06, 2018, 01:58:46 PM
 #61

There it is again!  Right at the very moment of thinking 'BTC solid at 7k USD, we're ok now'.  Lmao.  The next hour I checked the chart, my jaw dropped. I'm pretty pretty sure somebody out there is trolling us...

By thinking that everything is 'ok' you're basically trolling yourself.

The main difference between traders and people here is that traders go with the flow of the downtrend, while people here go against the downtrend. If there is one thing you should never do, then it's going against the downtrend during a bear market. It's pretty much you asking for problems, and that will lose you a lot money in case you try to make some money out of it.

I have never really been a TA fan, but when the average people aren't trading, and thus not subjecting the market to their lunacy based on greed and fear, the market becomes TA applicable enough to actually profit from it.

There is probably a lot of people here that ''diversified'' and bought 15-20 different coins and now when they lose 20-30% in 1 day, they panic. They also don't want to sell because it's a hassle to sell 20 different coins, transfer them to bitcoin and eventually transfer them to fiat/tether. A trader of course does not care what the market does, clearly a lot of people are profiting from this downtrend.

''but when the average people aren't trading'' Between here and reddit we probably don't even account for 1% of the trading volume anyways.

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September 06, 2018, 09:41:53 PM
 #62

I mean I had my fair share of bumps in the head when it comes to holding cryptos...  But really, right when you think it's gonna be ok, a dump happens.  It's like the trading gods are saying:  'Nah-aaaahh'.  Cheesy


We will have to get used to this because while many are predicting a big recovery by the end of the year I simply do not see it, you have some options since it seems you are long term holder then selling is not an option for you, but buying can be very profitable if you can keep those coins until the market recovers.

The last option is that you keep holding your coins, it is not the most exciting of all the options because it basically means that you should do nothing for years but looking at the market and how it's moving and the recent correction that were seen in the market then it makes sense to just take the boring path and keep holding your coins no matter what.
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