Let's prepare for the worst

[livingfree]

You're not helping the market to revive the highest value but it can cause yoy panic to the newbie trader.

Get used to it clark, everyone is free to give his TA and opinion about the market. There's nothing wrong if he sees base from his technical analysis that bitcoin can go as low as $2,500. And in fact, he's not the only one who told speculations like this.

Can you lool the value now! Because price now is $4000 it is only a little improvemnt but atleast they have sign that bull run will possible to come. Better for us to prepare for the better because the value of the bitcoin will become better in the next few weeks or months comes.

It swings from $3,900 to $4,000 and there's a possibility that it can go back to $3,800 or lower. We just can't predict and dictate the market's behavior at this moment, it's very unpredictable and most of the TA's too were inaccurate.

[AjithBtc]

You're not helping the market to revive the highest value but it can cause yoy panic to the newbie trader.

Get used to it clark, everyone is free to give his TA and opinion about the market. There's nothing wrong if he sees base from his technical analysis that bitcoin can go as low as $2,500. And in fact, he's not the only one who told speculations like this.

Can you lool the value now! Because price now is $4000 it is only a little improvemnt but atleast they have sign that bull run will possible to come. Better for us to prepare for the better because the value of the bitcoin will become better in the next few weeks or months comes.

It swings from $3,900 to $4,000 and there's a possibility that it can go back to $3,800 or lower. We just can't predict and dictate the market's behavior at this moment, it's very unpredictable and most of the TA's too were inaccurate.

Both the possibilities were provided, we're supposed to get prepared focusing on both the scenarios mentioned in the above quote. As mentioned it is impossible to come up with a prediction that exactly meets the real time growth. When we keep ourselves active focusing on fall and if a price pumping happens it will keep the user stable. Same time when price pumping is expected and price dumping happens it makes the user loss his portfolio value.

[Johnzky]

Let's all be prepared ,the way I'm seeing things I think bitcoin hasn't find its bottom yet ,I'm guessing around 2500$ before we see better recovery ,always remember cryptocurrency is never for the weak ,be prepared and do what you do best ,things will surely turn around but good things never comes easily .

You almost got the speculation about the bottoming since we almost hit below $3,000 but I don’t think we will get another fall from this as we are now seeing good pump,sitting confidently at $,4000 we will be having good 2019

[livingfree]

Both the possibilities were provided, we're supposed to get prepared focusing on both the scenarios mentioned in the above quote. As mentioned it is impossible to come up with a prediction that exactly meets the real time growth. When we keep ourselves active focusing on fall and if a price pumping happens it will keep the user stable. Same time when price pumping is expected and price dumping happens it makes the user loss his portfolio value.

Everyone losses when the market is on the dumping session, you can only take advantage of it when you have a plan to start buying while we're on that phase. As for those traders, they aren't worried about that because it's already their practice.

But for most of the holders, it's either of the three, holding while buying or holding while selling to cut loss or holding and standing firm with your holdings. You are right that everyone should be prepared focusing on any possible outcome.

[e-coinomist]

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

[cydrix]

When trading preparing for the worst is a normal thing but if you have enough management skills you won't be needing it frequently. Preparing for the worst case scenario to happen is a great idea according to some traders they manage to lessen their loses by preparing a lot of contingency plan if the trade fails. Holding a coin for a long time means that money is dead to you otherwise you will be hesitant whether you will not use that money or get it out befote it's too late.

[Ipwich]

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

[ajqjjj]

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

[Vaculin]

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

This does not happen most of the time, it's very rare to see price differences especially for high volume coins.
If there is a price differences, it would not be good for the market as traders can arbitrage on it.

[hen cet]

When trading preparing for the worst is a normal thing but if you have enough management skills you won't be needing it frequently. Preparing for the worst case scenario to happen is a great idea according to some traders they manage to lessen their loses by preparing a lot of contingency plan if the trade fails. Holding a coin for a long time means that money is dead to you otherwise you will be hesitant whether you will not use that money or get it out befote it's too late.

Nothing is as bad as you thought, because crypto trading in my opinion is still normal, the problem of rising or falling prices is something that is common in any business.
The concern is of course our expertise in analyzing a coin that will move in which direction, up or down so that the predictions we set provide profit.

[ajqjjj]

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

This does not happen most of the time, it's very rare to see price differences especially for high volume coins.
If there is a price differences, it would not be good for the market as traders can arbitrage on it.

It is not occur at all the time, But we must agree this situation because of huge volume coin fluctuation is really disappointed in trading platform and all are panic to sell continuously in that exchange so it make some noise. We better tackle this situation we will never argue this issue.

[Ayiranorea]

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

This does not happen most of the time, it's very rare to see price differences especially for high volume coins.
If there is a price differences, it would not be good for the market as traders can arbitrage on it.

It is not occur at all the time, But we must agree this situation because of huge volume coin fluctuation is really disappointed in trading platform and all are panic to sell continuously in that exchange so it make some noise. We better tackle this situation we will never argue this issue.

Different price sometime attract arbitrage trader to move their assets to another market. Like what you said, it is very rare to happens and maybe it will only happen in short time because of that arbitrage traders.

As mentioned arbitrage Trading happens in the market very rarely, and also it is very risk involved. Because being in one country and making an buying in other country requires a support from a person residing in the next country. This happens only on trust and I have seen the biggest of such an opportunity with India and rest of the world when demonetization came to effect in India during 2017.

[candra raditya]

The worst possibility is the price that falls too deep, but that won't make the crypto die. It is not yet time for crypto to end, still holding because it will be an opportunity for future profits.

[bitbunnny]

I don't think that we are currently are having situation that would need preparation for the worst case scenario. Still every good investor and trader has a back up plan and escape strategy for rainy days. But I don't expect some deep dump and bigger problem on the market so I don't think this will be necessary.

[lienfaye]

I don't think that we are currently are having situation that would need preparation for the worst case scenario. Still every good investor and trader has a back up plan and escape strategy for rainy days. But I don't expect some deep dump and bigger problem on the market so I don't think this will be necessary.

Thats true. Incase something went wrong we must have a back up plan to count on if the situation is getting worse. However it doesnt mean the market will stays in deep forever, lets keep in mind especially to newbies that its high volatile therefore everything can change without specific timeframe.

Well if you have been in crypto for few years already this statement is not different to other news circulating on how bad the status of crypto market for not increasing after the last ATH. Its better to have your own analysis to make a decision on whether to stay or believe those who always state their worries due to the downtrend.

[STT]

Let's all be prepared ,the way I'm seeing things I think bitcoin hasn't find its bottom yet ,I'm guessing around 2500$ before we see better recovery ,always remember cryptocurrency is never for the weak ,be prepared and do what you do best ,things will surely turn around but good things never comes easily .

I like how this post was timed, when people get realistic in recognising the bottom is not where you want it to be exactly then the ironic effect is for the market to be more likely to put in a base to rise from.
When we're optimistic and out of touch or just hoping, the market is more likely to continue slipping as the hopes of people is a weak grip rather then the determination to hold despite a lower price being possible.


Its irritating but also kinda of beautiful and a reflects a natural market imo, if Bitcoin resembles other markets, graphs and price action in commodities or similar then I appreciate it might be operating far better then some believe despite being volatile beyond normal physically traded holdings

[Pagri]

In fact, I think we should start to discard extreme volatility scenarios in which the price could move in one direction or another up to 50% in a matter of hours. In my opinion over the past few months the market, and especially the bitcoin has been consolidated in such a way that it could well behave quite similarly to fiat currencies, in which a 1% slip is usually already taken as high volatility.

Therefore, while it is true that in this uncertain market nothing is written, a catastrophic scenario below $1,000 seems as unlikely as a quick return to the $20,000 mark.

[Ziskinberg]

Therefore, while it is true that in this uncertain market nothing is written, a catastrophic scenario below $1,000 seems as unlikely as a quick return to the $20,000 mark.

That would bring another panic in the market, and I think it will be hard to recover if we will fail at that price again.
It's 20 times lower from ATH, and we don't want to see that happening, unless all of us are long term investors who can wait at least 5 years to sell.

[bitcoin31]

I think you created this thread so the people will be panic, there is a lot of thread who are saying bad feedbacks about bitcoin and you what we do that we ignore it because it can't help to the bitcoin. Look tje price now is for sure you will say to yourself oh wrong prediction to the bitcoin price because now is $4000 .

[mrdeposit]

The worst possibility is the price that falls too deep, but that won't make the crypto die. It is not yet time for crypto to end, still holding because it will be an opportunity for future profits.

When the price was cheaper, the risk-takers have gained. I can not lie about the lack of risk, but the investment will be acceptable as much as you can risk. My only suggestion is to try to evaluate opportunities.