dothebeats
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Activity: 3766
Merit: 1354
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February 24, 2019, 06:38:23 PM |
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Tbh I never expected the greens to last longer than it should have, and thought that it's just another one of those bull traps/random volatility action that happens from time to time. I sold some coins earlier at its peak, $4140 and I'm not surprised to see where it's at right now. I don't see anything special about the rise recently nor anything that suggests that this is the reversal that we've all been waiting for, so I didn't bank heavily on that possibility and just went on with my day-to-day life.
Well perhaps it will still try to climb higher than $4k, knowing that that resistance can be broken with the right momentum, who knows.
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Harlot
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February 24, 2019, 06:41:45 PM |
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Not all hope is lost as of the moment this may just be a correction from Bitcoin not seeing green for a long time. The 3,800$ level is a known support and it was expected to be re-visited when the RSI level was extremely overbought. So we need to further observe the market in the couple of hours/days on where BTC will continue to be headed as nothing is clear from this slight decrease we are seeing.
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RareFortune
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February 24, 2019, 09:23:06 PM |
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At least we some green on the market maybe this is the sign for a true bullish market that is why I keep looking on the news and market movement so I won't miss that event.
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Velkro
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February 24, 2019, 09:32:40 PM Last edit: February 24, 2019, 09:54:06 PM by Velkro |
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I thought the slow price increase of Bitcoin is a sign of a Bull market but I was wronged, it happens so fast. I'm deciding to invest $1000 yesterday, thanks God I didn't. It seems spike increase nowadays are so scary as it follows a downfall afterwards. New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell . It still could be good decision all matters is time in what you want to cash out because its bad 5 hours later but 15 hours later it could be good decision. You never know, its market. I too rided on waves of bitcoin price many times with different approach but its all random you will realise and good decision are as random as bad ones
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Dreamchaser21
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February 24, 2019, 09:38:33 PM |
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Now many are trap on top again. This is very sad for those who are sleeping and have no power to sell their coin, well i believe it will go back to pum again as many hodlers will continue to buy more. Don’t worry if you miss the chance, you can still earn money in the future.
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Teawhalee
Copper Member
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Activity: 482
Merit: 1
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February 24, 2019, 09:42:18 PM |
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I am not surprised about this because I didn’t expect this small rise to mean a bull run to me . There was no news or nothing to back it up and moreover we are still in bear market so it was clear that the little rise was a bull trap that many will fall for .its just to be more watchful and not be greedy because things has changed and we should be satisfied with little profit.
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Razerglass
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Activity: 1036
Merit: 1000
https://bmy.guide
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February 24, 2019, 09:42:39 PM |
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I thought the slow price increase of Bitcoin is a sign of a Bull market but I was wronged, it happens so fast. I'm deciding to invest $1000 yesterday, thanks God I didn't. It seems spike increase nowadays are so scary as it follows a downfall afterwards. New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell . It still could be good decision all matters is time in what you want to cash out because its bad 5 hours later but 15 hours later it could be good decision. You never know, its market. I too rided on waves of bitcoin price many times with different approach but its all random you will realise and good decision are as random as bad ones Lol.I also accepted similar decision after during pullback to latest pump bar. Random trading also requires to think differently than competitors who are still busy with collecting btc. Hodlers are strong and they will not regret with this decision. Anyway it was nice to see some movement on the markets.
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tomahawk9
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February 24, 2019, 10:05:23 PM |
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I thought the slow price increase of Bitcoin is a sign of a Bull market
The price going up a few hundred bucks in one single pump doesn't mean anything, it happens all the time, otherwise the bull market would've started months ago. We experienced the same behaviour as the spike in December, a rapid increase from the low 3k's to 4k followed by a big dump, I don't understand why some people thought we were about to enter a new rally. It seems like we're at the mercy of the whales for the time being, I expect this continue for a very long time.
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khufuking
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February 24, 2019, 10:17:16 PM |
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That was very strange and surprising for me, the downfall itself is normal we see this a lot in Crypto but to happen like this and this fast after a slowly move uptrend that was shocking for me, a dump for almost %15 in less than 5 hours is strange especially there was no real reason behind this.
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tippytoes
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February 24, 2019, 10:20:15 PM |
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I must admit, even though I keep telling my to wait for it to get back to 6k before selling, I was tempted to sell at 4k. Well, guess I missed the chance and have to wait some more.
Lol, me too, I was tempted to sell some of my stash because I wanted to buy something and then whoahh, suddenly the price goes down that fast, I miss the opportunity, but anyways, I'm not in a hurry to buy that item though, so yes, we have to wait a bit further. But the slide, was really fast though, matter of minutes as I was monitor it, don't know what triggers it, hopefully we may have to try to get back that $4k - $42xx range again. Somebody has that huge amount to affect the market. But I believe, it is just a normal market behavior in crypto. It will still go up as crypto adoption is growing stronger everyday. For everyone, don't lose hope.
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logfiles
Copper Member
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Activity: 2128
Merit: 1794
Top Crypto Casino
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February 24, 2019, 10:22:51 PM |
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As expected before the end of week, a correction was eminent... though I sold of a little earlier at 3900. I hope to perfect the art of buying the low and selling when it's high.
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crzy
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February 24, 2019, 10:26:50 PM |
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Haha. Very accurate but Maybe a small correction so nothing to worry about and panicking is not good. The dump is not that big so we’re still on a good level. The market will recover again, and I hope this whale will do their best to pump the market.
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shesheboy
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February 24, 2019, 10:28:42 PM |
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At least we some green on the market maybe this is the sign for a true bullish market Thats not what you call a bullish market but that was a bull trap . we got trick by a big trap because the increase ended only in a couple of hourse . too bad i missed the boat again . As expected before the end of week, a correction was eminent... though I sold of a little earlier at 3900. I hope to perfect the art of buying the low and selling when it's high.
Not bad mate . 3900 is already better than today price . thats good because you already decided to sell your coins just before the dump occurs . tho you cant perfect the art of buy low sell high because the ups and downs of the price dont have limit .
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lienfaye
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February 24, 2019, 10:31:25 PM |
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The market can turn up and down thus its not new anymore, its a typical scenario of how crypto works that's why if you see an opportunity to make profit grab it and dont wait longer especially if you're short term trader.
However this is different if you're planning to hold for long period because long term hodler dont mind whatever the current status of the market. There's no need to panic since we have a target price and time frame on when to take profit.
Price drop can happen even less than 5 hours so if you are regretting not selling before it happened dont feel bad, fluctuation is quite normal therefore timing the market and sell once it recover again.
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kentrolla
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February 24, 2019, 10:46:13 PM |
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The market can turn up and down thus its not new anymore, its a typical scenario of how crypto works that's why if you see an opportunity to make profit grab it and dont wait longer especially if you're short term trader.
However this is different if you're planning to hold for long period because long term hodler dont mind whatever the current status of the market. There's no need to panic since we have a target price and time frame on when to take profit.
Price drop can happen even less than 5 hours so if you are regretting not selling before it happened dont feel bad, fluctuation is quite normal therefore timing the market and sell once it recover again.
True, I am sure only short term traders will be worried about these kind of quick pump an dump and the long term hodlers will not be bothered about these fluctuations since they have a set target and i personally believe in long term hodl but i will be bit worried if the value of bitcoin goes below the value of $2000 as that's the worst i have imagined could ever happen this year and if things go the right way then bitcoin will see it's highest peak till date because i know some of the big whales have sold huge amount of bitcoin which led to crisis and repurchased it under the substantial price to repeat it again but before they do that the price will rise again for almost a quarter which will bring in a lot of changes in the way market operates if the prediction is true.
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jojohamasa
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February 24, 2019, 10:59:31 PM |
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I thought the slow price increase of Bitcoin is a sign of a Bull market but I was wronged, it happens so fast. I'm deciding to invest $1000 yesterday, thanks God I didn't. It seems spike increase nowadays are so scary as it follows a downfall afterwards. New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell . I see this is manipulation from whales I was wary of riding the wave of upswing without a vigorous follow-up Because the declines occur within a few hours and this is what happened Even so I see the overall market trend is bullish.
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BurgerCash
Jr. Member
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Activity: 187
Merit: 1
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February 24, 2019, 11:35:29 PM |
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I guess some whale had been looking for an exit and decided to go all at once. If not, then this is definitely market manipulation. A little more green and I'm buying more.
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Borderless trading with the Jarvis Exchanges. Buy Apple stocks with Bitcoin. Jarvis.exchange (http://Jarvis.exchange)
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Russlenat
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February 24, 2019, 11:57:24 PM |
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I guess some whale had been looking for an exit and decided to go all at once. If not, then this is definitely market manipulation. A little more green and I'm buying more.
Were not sure for its market manipulation but we simply to think that everything still uncontrollable and any time will experience like these. We're just surprise to have a sudden drop after a week of green, we can't nothing but to the accept the way it is. And we end up such possibilities that this is whales doings.
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kvipcn
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February 25, 2019, 12:11:05 AM |
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I thought the slow price increase of Bitcoin is a sign of a Bull market but I was wronged, it happens so fast.
Its quite funny when people are still expecting a bull run in 2019, the Bitcoin market is gonna fluctuate throughout the year. The market price for Bitcoin will be between $3000 to $5000 throughout this year. Smart investors are those who are gonna make some amount of profit from this fluctuation in the price of Bitcoin. I will advise people spend time observing the trends at which the Bitcoin trading are going at various exchange platforms.
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