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Author Topic: The slow 5 days of green ended in less than 5 hrs.  (Read 655 times)
Indrawan77
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February 25, 2019, 12:17:33 AM
 #41

From the beginning the rising is suspicious, from the technical analysis is a bit weird to see the spiking happened, nowadays the mindset of the investors is different, they had learned a hard lesson since 2017 so without a good reason they won't invest, and a little rising could be the sign for them to sell off their coins
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February 25, 2019, 12:50:51 AM
 #42

The downward movement today has taken most of us by surprise because it was least expected to happen after the few days green ride. But this is not the end, Bitcoin always recovers. Next time, I will try and reduce my greediness level in order to cash out when the market spikes and buy more when it goes down.

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February 25, 2019, 04:34:19 AM
 #43

A good lesson you learnt. You still no need to wait for a huge hike when you see a sudden spike occured. Just go ahead and sell them off even for a small profit as you will loose more if the price suddenly falls back to earth. Hence, set a minimum profit when ever you are in trading now as the market is such a situation you can not expect a huge profit.

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marcbitcoins
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February 25, 2019, 04:52:09 AM
 #44

This shows of how crypto currency investment is very risky because the market movement is really unpredictable but still this sudden price fall is might be just temporary too that after couple of days or weeks it will instantly rise up again. Let's wait and see.
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February 25, 2019, 05:35:47 AM
 #45

This is nothing new. We’re in a nothing zone at the moment, it happens every single time when we’re at the end of a bear market but not quite fully transitioned into the next bull market. It’s easy for big players to manipulate the market when there isn’t much volume, not many people buying.

We’ll continue like this for another 6 months until we start to get nearer to the next halving.

Use this as a time for accumulation, HODL & you’ll make great profits when it’s the bulls time to shine.

i roughly agree with this. but it's important to keep in mind, we haven't shown strong signs of a bottom yet. there has definitely not been any "confirmed" reversal yet.

unfortunately, i think we could still be in a similar period to late 2014: a rally triggers all these hopes and dreams, only to end up crashing much lower a month or two down the road.

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February 25, 2019, 08:01:02 AM
 #46

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  Shocked.




You can make your investment now and hope that the prices will increase from now,because remember that whenever something big is going to happen there will be a small fall down on the prices. Cheesy Next time if there is a bump it will break the last bumps high value.

Shinpako09
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February 25, 2019, 08:31:57 AM
 #47

If you were here for a long time you won't be surprised on how the price drop like that. I've seen it many times, taking time in increase but will decrease faster. Also, don't take every rise as a bull run, you will left hoping and never assume of continous rise. There's no such thing. I believe we are still far in having a bull run.
Question123
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February 25, 2019, 08:48:49 AM
 #48

That's crashing it will happened in fast time because people are excited to get some profit so possible why the bitcoin again crash and back again to the price when the price start increasing. But it's not too late for us to pump again bitcoin because we are the investor and we can do it what ever we want. Green market is always we want so everyone will buy bitcoin and keep holding it and never panic selling again it not means you not sell but make sure once you sell not all the bitcoin you have you can divided it.
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February 25, 2019, 08:51:27 AM
 #49

This was just fist sign. Looking at some old ones in 2013-2015 there were several like this jump with drop in price. Thinking next time need to act fast in sell/buy situation maybe with some proffit but need to pay attention to the charts. Or was this just spike.
Bitcoinwaist
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February 25, 2019, 11:40:38 AM
 #50

wash rinse repeat by the whales. been watching this same scenario for years now. there never has been any liquidity and there never will be on the current trading markets. the only way this stops is if there is someone with deep pockets willing to step up and buy these dumps and force whoever is selling to have buy back at higher prices the next time. wall street has market makers who are willing to risk their own capital to buy stocks for example when there are no buyers or sell shares short when there are no sellers if there is a severe imbalance to keep the markets orderly. Currently whales are uncontested and they know this. Now if they are put on a platform like bakkt and have to trade against institutions they have no chance and I think that will be the game changer, but right now on bitstamp and bitfinex they rule with absolute power, but in time I think this will come to an end. The writing is on the wall and bitfinex and bitstamp will not be where the price of bitcoin will be determined imo. There will be larger more liquid and secure entities that will trade billions each day and would be impossible to ignore. its just a matter of time.
Gaff
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February 25, 2019, 02:08:04 PM
 #51

A good lesson you learnt. You still no need to wait for a huge hike when you see a sudden spike occured. Just go ahead and sell them off even for a small profit as you will loose more if the price suddenly falls back to earth. Hence, set a minimum profit when ever you are in trading now as the market is such a situation you can not expect a huge profit.

Hodlers cannot be shaken with that sudden fall, because this was just an ultimate test and all your strong faith will be measured through that kind of scenario. If you're weak to handle that kind of situation you can't survive in the long run. Strong traders have long term patience and will not be discourage even though fluctuating market took more roller coaster rides.
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February 25, 2019, 02:36:21 PM
 #52

If you were here for a long time you won't be surprised on how the price drop like that. I've seen it many times, taking time in increase but will decrease faster. Also, don't take every rise as a bull run, you will left hoping and never assume of continous rise. There's no such thing. I believe we are still far in having a bull run.

As soon as the candles are green, many people immediately think it starts a new bull run. I notice that immediately here in the forum and actually it is bad, if the people just wait for it. Much more important is the steady spread of crypto and that more and more people are using it. People should be hoping and working for something like this. Only that brings crypto forward and no bull run. I can understand the hope for a new bull run and am happy about every bull run, but a real growth would bring us all more.  Smiley
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February 25, 2019, 03:58:51 PM
 #53

If you cant bear the losses, you should stop thinking in short-term.

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February 25, 2019, 04:42:53 PM
 #54

The increase wasn't like in a week neither, look at how it increased there is a huge bump in the price increase as well, maybe it did a small amount of increase afterwards as well but it wasn't a total slowly increase neither, than of course just like how fast it increased it also decreased as well. So, it is unfair to call it a slow 5 days of green ended in 5 hours, its unreasonable and a big lie, the huge increase that happened in an hour was gone in an hour as well, whatever happened in between was just the small movements that had nothing to do with it.

Price of bitcoin will always be moody, it better be in everyone's mind and I hope everyone gets used to it but you will not see a bitcoin that resembles stablecoin, it will always have ups and downs no matter how sad it makes us while going down.

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February 25, 2019, 06:30:49 PM
 #55

Keep watching the price may increase with the same rate of speed like how it dumped. Actually the price needs to get little dump as well before going for the next step which is the sign to invest for smart people,may I know how about you.

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February 25, 2019, 06:39:31 PM
 #56

A good lesson you learnt. You still no need to wait for a huge hike when you see a sudden spike occured. Just go ahead and sell them off even for a small profit as you will loose more if the price suddenly falls back to earth. Hence, set a minimum profit when ever you are in trading now as the market is such a situation you can not expect a huge profit.

Hodlers cannot be shaken with that sudden fall, because this was just an ultimate test and all your strong faith will be measured through that kind of scenario. If you're weak to handle that kind of situation you can't survive in the long run. Strong traders have long term patience and will not be discourage even though fluctuating market took more roller coaster rides.
Long holders also knew how to play with any market trends, they can buy and sell while holding much higher value of their tokens, anticipating rise and falls can be learned while also investing in the long process, the sway gives opportunities to investors who wanted to have both long and short positions.

As long as you have strong faith and you have lots of courage and patience, you'll not worried about thinks like this but to keep thinking positively.
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February 25, 2019, 06:41:28 PM
 #57

New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell  Shocked.
That doesn't apply in every increase, but if you think you can profit even a little and doesn't care if the price will still increase then that's win win strategy than holding IMO.

This is crypto market, that sudden decrease is not a new thing, it can even do in just 1 hour or so.
That's definitely not any sort of strategy for the future--the price just happened to behave like this and there's no guarantee it'll act the same in the future.  I get the feeling OP is setting himself up to lose more money if he thinks his plan is going to work next time we see a slow gain over a few days, but who knows.

On a positive note, btc is back around $3800 right now, and I'm glad it didn't fall any further than it did.  Could have been much worse.

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February 25, 2019, 07:11:26 PM
 #58

Interesting move here, and quite an ugly daily candle. I'm not really sure if this is a shakeout, or if that was a legit top. These types of double tops (with long consolidation in between) are rare, but not unheard of.

I'm still betting on the rally continuing but I'm not married to the idea.

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February 25, 2019, 08:05:36 PM
 #59

This drop is almost guaranteed to have only happened as quick as it did because the correction broke below 4k and hit peoples stop losses...it was to be expected so close to such a psychologically important price. Essentially, with where the price was people should have been waiting for the correction to bounce off of 4k before buying, or at least waiting for the price to get a healthy range away from 4k and retracing before entering.
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February 25, 2019, 09:05:28 PM
 #60

That small spike of price in crypto is not a new thing in crypto market cap, that's the reason why I didn't expect bullrun will come.
There's no good technical analysis on this because the market will go down or up motion in moving price.

Keep on holding guys and let's just hold our coin for the better future and to avoid panic selling to others.

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