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Author Topic: Bull or bull trap  (Read 1803 times)
Tccrypto
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May 16, 2019, 10:15:05 AM
 #1

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

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May 16, 2019, 10:38:23 AM
 #2

Today it looks like both to me. Either we will continue the rise to $8700 or something like that, or the market will reverse and we are going to retest some of the previous levels. You have to decide which one of these options is going to happen for yourself. I know this post of mine is of no use to you, but I myself am in the same dilemma. I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?

Just to be clear, I hope for a continuation of the bullish run.
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May 16, 2019, 11:04:09 AM
 #3

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
After a long bullish trent it is so hard to differentiate price correction and trap,so we just have to go with our instinct.Myself choose the long term and contiue to hold even if the price reaches sloghtly below because we have to remember we started this year at $3000 and now reached upto $8500.

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May 16, 2019, 11:33:37 AM
 #4

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
after this huge spike no one can say where price will go , i think there are less chance of falling you said that you already made loss so its better to stay away from this type of spikes
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May 16, 2019, 11:39:48 AM
 #5

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
Just hold and wait, i mean we are already making better numbers than last year and it seems that the price is going up everyday and to think that we were at 3k just 2 months ago seems to me like a very promising sign that it is going to keep getting better, i personally recommend that you just hold and wait to cash out until the Q3 of the years just because that usually the time that others start cashing out as well, but if you have made a significant profit i would just play it safe and not get greedy and just cash out.

 
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May 16, 2019, 12:54:37 PM
 #6

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
Who knows? I tend to think it's a real bull because there will be a big event for Bitcoin next year, so Bitcoin shouldn't stay too long on $5000. However every pump brought out a possibility for a dump. Don't be shocked, we would face a correction (I hope it's just a little) in the near future before resuming the positive trends.

 
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May 16, 2019, 12:56:27 PM
 #7

I think its a good plan to sell at the current price and buy back in after this next dip is over.  Don't be afraid to sell after a huge pump because everything must go down at some point.  Or you can just play the hold game if you are too scared to day trade.
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May 16, 2019, 12:56:50 PM
 #8

The market is pretty undecided currently.

Since a few days (after we hit 8300$ for the first time), the price struggles to find a proper level.
We did retest the upper resistance (8400$) as well as the support (7900$) several times now - even today.

Candlesticks are not clear at the moment.

What we definitely can say is:
Overall volume is still strong.
We (finally) found a strong resistance after the sudden rise.
Bulls have enough power to maintain the support level (until now).
We encountered more red candles in the past 2-3 days.
Bulls don't seem to have the power to push the price much higher than 8400$.

So, neither a bearish reversal nor a continuation of the uptrend is confirmed.

(there might be a slight advance for bears if we solely rely on TA)





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May 16, 2019, 01:38:54 PM
 #9

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

We cannot say that this is a bull-trap. I mean the price has increased dramatically in the last month or so. What we are seeing is that those investors who have bought when the price is around $3000 simply cashing it out. If I'm in your shoes, you should look at the long term. Everyone suffered a big loss last year, specially for those who have bought in on top. So it's better to HODL on it and not panic sell at this point. Correction do happen so that we can move forward so just be patience.

 
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May 16, 2019, 01:59:25 PM
 #10

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
I do not want to give a signal for you to buy cash in or cash out . Perhaps i will site my own opinion that this is the time when we need to cash out because it already pumps to hard and what happens in this kind of situation a dump will be incharge soon. Wait for the very basic identify the support that can be the bounce area. If you lose last year this time make yourself proud, fix and treat your losses as your fuel to learn more in trading.


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May 16, 2019, 02:05:53 PM
 #11

There is always dumps at every spike of price, so chill out traders are always going to cash out profits. Trading is their business. If the price disappoints you a bit, treat it like its sort of a hiccup and you can go along with it like selling yours and then buying them back to gain more satoshis.

 
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May 16, 2019, 02:20:35 PM
 #12

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
with your experience last year I understood with your concern, if the current price is enough to cover your losses I think it would be better if you cashed it now. so that you don't experience the same event this year.
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May 16, 2019, 02:26:22 PM
 #13

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

I do not have it but with your experience which has turned into fear, depending on your profit now too, I would cash out to wait if a major correction will come before going in a again

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May 16, 2019, 02:32:51 PM
 #14

bitcoin price jitters at 8000 its hard to tell where we go next
while other alts rises... https://www.coingecko.com/en
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May 16, 2019, 02:45:52 PM
 #15

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year


it seems like everybody is on guard with the market movement now
lets just manage the risk i guess 50% on crypto then convert 50% usdt
in the end of the day what matters most is what you get than what you supposed to get more
having such mindset will make you loose your profit worst even your capital

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May 16, 2019, 03:12:55 PM
 #16

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
Keep some and cash out the rest. when you are feeling worried to see the same pattern that happen last year and you should choose a wise decision to cash out some of your portfolios when you have been getting it back again. Just keep some of your amount in your wallet to anticipate the bull and cash out some money to anticipate the bulltrap.
The trend looks so difficult to be determine but i believe we are in the bull.

 
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May 16, 2019, 03:28:48 PM
 #17

Why are you even asking this question? Obviously the market right now is way beyond any chances of its current movements on just being a bull trap, why? Because simply together with its upward movements along the way he had broken three key resistances that made Bitcoin go down in the past, another key indicator confirming that is it never  attempted to weaken on these levels confirming the bullishness of the market.

Other simple indicators are as simple as looking at the volume where you will see that the increasing volume is also supporting the increasing prices which simply mean that the price increase is not manipulated by a small group of people.

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May 16, 2019, 03:36:09 PM
 #18

Judging how the market behaves today, it seems like we're still on uptrend, so I guess its still good to buy in some. Cash out option should have been set to a specific target to avoid yourself from panic selling. Set a good gain percentage, and when you hit that, sell it without any hesitation, its gonna be a win-win situation either way. While cashing in is best during bearish season, and still good everytime the price drops a small percentage during the bullish run.

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May 16, 2019, 03:42:56 PM
 #19

Easily bull, something that went up from 3500 to over 8 thousand dollars can't be a bull trap, the whole idea of bull trap is going a bit high and getting people to buy from those prices and then selling all together to both make them lose and then gain yourself.

If someone took the price from 3500 prices to over 8 thousand dollars just so they could sell all their money and gain profits from it while others are losing then he must have millions of dollars and thousands of bitcoins and I doubt people at that height deal with this day to day movements of bitcoin that much to actually do those small stuff. This was a legit bull run and hopefully it will continue but even if it doesn't that will not mean it was a bull trap for sure since its against the whole idea of it.
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May 16, 2019, 04:00:47 PM
 #20

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

there are some people that predicting that the ATH will be pass this bull run so if you are confused you can hold 50% of your bitcoins and the other if you want you can cash it out so whatever the outcome of the price you wont regret it.
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May 16, 2019, 04:02:28 PM
 #21

Why are you so confused?
It depends on what you want to do.
I think if you see you can take profit, then I suggest you take the profit before the price is down deeper.
You don't have to worry if somehow the price increases after you take the profit because you still get the profit without having a loss.
I know that many of us still suffered lots of losses from the last year and now, we see that many of coin can increase and some of them can pass the buy price we made.
So when the price now can pass the buy price, it is better to sell some amount to get your balance first and wait for another higher price, and you can sell the other amount to take another profit.

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May 16, 2019, 04:03:07 PM
 #22

Most people over-think the situations, as that's something not to do and is why we often see people struggle. We have to learn to keep things simple and avoid getting into that complicated zone, as that's not helpful for anyone. If it's bull now, just enjoy it.
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May 16, 2019, 04:24:11 PM
 #23

No one can answer that, it's your own decision to think and assess how things will be going, the market volatility will always brings doubts and you need to be firmed whenever you make your decisions, be calm and keep analyzing the situations and decide after you are fully convinced of your next assessment, in that way you wont regret anything.
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May 16, 2019, 04:24:59 PM
 #24

dont be confuse, you can make a profit and everything that you can earn put it as holdings so that you wont regret whatever the result is, if the price drops you capital is still there and when the price raise you capital is still there and you also had a profit to be hold.

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May 16, 2019, 04:57:20 PM
 #25

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

there are some people that predicting that the ATH will be pass this bull run so if you are confused you can hold 50% of your bitcoins and the other if you want you can cash it out so whatever the outcome of the price you wont regret it.
maybe sell some our asset to keep psychology have to do. after suffered loss in last year movement , our mental destroyed and confused to take decision about it.maybe if we still have earning source from other place we could hold asset till its value back to initial deposit.
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May 16, 2019, 05:11:28 PM
 #26

Why doubt the power of bitcoin?

Well, if you are really confused with what is happening and still in doubt then you could always withdraw if there is already profit.
Don't get too much greedy or you will suffer.
The thing is some users here are dependent with the daily profits. But if you are not then, you could just let it stay. Bitcoin will still go up and I have no doubt about that.
Just be careful with exchanges though. They are kind of holding some withdrawals since the bitcoin price pumped. I have experienced one just recently and is now 2 days pending.

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May 16, 2019, 05:22:36 PM
 #27

This rally seems like a bull rally to me and this is just the start of it. I'm a person that is basing on different opinions of many expert in trading. But whenever I see some tradingview from experts, they are saying that this is a bull market for them.

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May 16, 2019, 05:41:21 PM
 #28

This rally seems like a bull rally to me and this is just the start of it. I'm a person that is basing on different opinions of many expert in trading. But whenever I see some tradingview from experts, they are saying that this is a bull market for them.
Yes, it is a clear run and not a bull trap because if it is a trap ut will not go up to this price before it dumps. This is only an indicatioim that the market starts to recover and preparing for the next bull run. I am going to call this as bull market. Many experts is not expecting this kind of run based on the informations that i got from their tweets and posts but, they ride the wave that is how they move.


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May 16, 2019, 06:32:51 PM
 #29

This rally seems like a bull rally to me and this is just the start of it. I'm a person that is basing on different opinions of many expert in trading. But whenever I see some tradingview from experts, they are saying that this is a bull market for them.
Yes, it is a clear run and not a bull trap because if it is a trap ut will not go up to this price before it dumps. This is only an indicatioim that the market starts to recover and preparing for the next bull run. I am going to call this as bull market. Many experts is not expecting this kind of run based on the informations that i got from their tweets and posts but, they ride the wave that is how they move.

it may still a trap because if you see the market it happens to be a bull and the other will bought many coins in the market and after that the price drops like what happen early this day so it is a trap.

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May 16, 2019, 06:50:02 PM
 #30

This rally seems like a bull rally to me and this is just the start of it. I'm a person that is basing on different opinions of many expert in trading. But whenever I see some tradingview from experts, they are saying that this is a bull market for them.
This market recently having a strong bull run, i am not sure will it gonna last but do ypu reallize the pumps are getting weaker after many days, that is the sign when whales stop pumping and let us be dumped constantly, so in these day, any movement of the market should be consider carefully because that can be a bull trap.

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May 16, 2019, 07:50:27 PM
 #31

This rally seems like a bull rally to me and this is just the start of it. I'm a person that is basing on different opinions of many expert in trading. But whenever I see some tradingview from experts, they are saying that this is a bull market for them.
This market recently having a strong bull run, i am not sure will it gonna last but do ypu reallize the pumps are getting weaker after many days, that is the sign when whales stop pumping and let us be dumped constantly, so in these day, any movement of the market should be consider carefully because that can be a bull trap.
whales begin to take profit for their transaction in dip.and we have realize it by analizing from chart.i see buying momentum decrease after reach resistance around $8500.but i am not sure this movement just bull trap.
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May 16, 2019, 08:15:19 PM
 #32

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
I don't know, actually the one who has to decide on it is you alone because even I don't know what you experienced before such as how much the total loss is and what value you want right now or to cover your losses.

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May 16, 2019, 08:31:09 PM
 #33

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

Bull trap is a product of confusion on what to do.

Why just think of doing some cash-in today. We are on bottom for almost a long period of time.

About thinking on cash-out, it's up to you, recover the losses or risk waiting for more price increase.

You are the only who can decide for yourself. It's easy to say for us to just cash-in or withdraw all your money. It's your own money after all. Spend time analyzing the situation and create "what if" questions.

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May 16, 2019, 09:19:43 PM
 #34

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
Keep some and cash out the rest. when you are feeling worried to see the same pattern that happen last year and you should choose a wise decision to cash out some of your portfolios when you have been getting it back again. Just keep some of your amount in your wallet to anticipate the bull and cash out some money to anticipate the bulltrap.
The trend looks so difficult to be determine but i believe we are in the bull.
There is no thing such bull trap here mate, and as I observed the price right now some of the traders dumped while price at higher stage of price. I only view it as normal occurrence to people who haven't earned good income during the time of bearish market. For now let's just wait until such time the price of $8k will again bounce for another rise, and for the main time we'll probably see big fluctuations to happen.
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May 16, 2019, 09:35:06 PM
 #35

Today it looks like both to me. Either we will continue the rise to $8700 or something like that, or the market will reverse and we are going to retest some of the previous levels. You have to decide which one of these options is going to happen for yourself. I know this post of mine is of no use to you, but I myself am in the same dilemma. I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?

Just to be clear, I hope for a continuation of the bullish run.


I think this is not a trap bullish will continue to raised upto 10,000$ proce at coin market cap then observe closely the price weather price stay at 10,000$ or goiing down again, but for sure my expectation price stroger until end of the year. So let's wait what will bitcoin future this year 2019 challanging and interesting.

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May 16, 2019, 09:40:54 PM
 #36

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
I also same like you but I think more than getting out from this field the way to get investor will helpful in anytime so I recommend to invest only because the cryptocurrency is stable with developed situation.

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May 16, 2019, 10:02:16 PM
 #37

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
Don't take financial suggestions from people online. This is your money and you will know the best way to handle it instead of those thousands of random online people.
If you want to cash in or cash out totally depends on how much you are willing to risk. Want to risk high? Then just keep holding it after reaching a decent amount of profit goal.


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May 16, 2019, 10:19:25 PM
 #38

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

you have suffered losses in the past and you should have risen from that suffering, at least you have bought more before for a good profit yesterday, but after all the crypto price has the potential to soar so it is not wrong to buy now when prices are down and you can trade for quick profits or even just hold it for higher profits but must also have high patience to achieve that

 
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May 16, 2019, 10:19:35 PM
 #39

It depends on the OP's current situation. But he needs to decide on his own when it comes to his investments.

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
Don't take financial suggestions from people online. This is your money and you will know the best way to handle it instead of those thousands of random online people.
If you want to cash in or cash out totally depends on how much you are willing to risk. Want to risk high? Then just keep holding it after reaching a decent amount of profit goal.

I agree with that. Those financial pieces of advice that he will receive will be a lot more. But he should be doing it on his own. Maybe, those will be his guide but not ultimately following them. After all, it is his own money.

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May 16, 2019, 10:23:17 PM
 #40

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
Of what you're thinking right then you have to follow it, we are not taking an account or wanting to be blamed by you cause we force you to sell or not.
Cause for me, I sell some of my BTC. Though I've never thought that this is a bull trap but a natural way of pumps, no hypes or any influential individuals causing for this pumps but I just to have my assurance and 2018 losses won't happen to me again.
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May 16, 2019, 10:39:40 PM
 #41

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

there are some people that predicting that the ATH will be pass this bull run so if you are confused you can hold 50% of your bitcoins and the other if you want you can cash it out so whatever the outcome of the price you wont regret it.
It looks like they are not prepared and a lot of fear on themselves. We can give enough suggestions but if your emotion is negative like this i suggest not to invest. No one can tell the exact trend, help yourself to have trust in the market and don’t regret if you miss the chance to own cheap coins. I personally suggest to learn more, boost yourself and do buy if you’re ready to lose.
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May 16, 2019, 10:43:54 PM
 #42

The market faces correction right now, we have no idea how much it will down. There a number of people consider this market is largely manipulated so talking about bull trap it make senses. Better sell before that and stay safe.
Its a small correction and the price is still coming back to $8k level, so there’s no need to panic. Don’t sell if this is your emotion, sell if its your target price. I still see a bull trend and not a bull trap anymore, we can have lots of profit if we do wait and hold.
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May 16, 2019, 10:47:42 PM
 #43

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

there are some people that predicting that the ATH will be pass this bull run so if you are confused you can hold 50% of your bitcoins and the other if you want you can cash it out so whatever the outcome of the price you wont regret it.
It looks like they are not prepared and a lot of fear on themselves. We can give enough suggestions but if your emotion is negative like this i suggest not to invest. No one can tell the exact trend, help yourself to have trust in the market and don’t regret if you miss the chance to own cheap coins. I personally suggest to learn more, boost yourself and do buy if you’re ready to lose.
You have no idea about that when you can DYOR and you can argue what trend of the market right now but when you don't care about any update and you can't do DYOR. that means if you can't argue about the market.
The trend can be determined in the long term chart and the bulltrap happen in short chart.
Someone above you has suggested the best answer but im confusing about what you are talking about.
Keep some to bet on the bull.

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May 16, 2019, 10:53:03 PM
 #44

Cash out if you are scared and already has made a great profit. It will probably have a big correction this weekend. Low volume and it doesn't appear people will buy more before a dip. But will be probably fast and the prices will recover stronger than ever. I would buy again before 6k.
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May 16, 2019, 11:02:51 PM
 #45

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
You have to set your goal so that you know when to enter and exit. You can't just buy and hold without a target. This is the problem of new traders, they buy and just watch the price of the coin as it climb up and when it starts to drop, they panic until they realized that they should have sold an hour ago. Goals! Its important not only in trading and business but in any aspect of your life.

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May 16, 2019, 11:25:47 PM
 #46

I think this is not the bull trap, it is like refreshment air in the crypto world. Do you remember after how many days BTC price hits 8K USD? When the price was 6500 to 7K, I was sure that the price will start sinking again, but I was totally wrong! This is not the bull trap, it is the beginning of the bull market! You have to be careful about making decisions! I suggest you go and make some cash, and don't forget to hold your best coins!
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May 16, 2019, 11:34:48 PM
 #47

I think this is not the bull trap, it is like refreshment air in the crypto world. Do you remember after how many days BTC price hits 8K USD? When the price was 6500 to 7K, I was sure that the price will start sinking again, but I was totally wrong! This is not the bull trap, it is the beginning of the bull market! You have to be careful about making decisions! I suggest you go and make some cash, and don't forget to hold your best coins!
I agree with you.If this is just a bull trap,then fluctuations had happened already making the price low again.But it never happened so i'm really expecting that we are already entering into a bullish market.Selling at this moment while the price is expensive is your own choice already.Just make sure you still have some coins left for you to hold for a long term.

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May 16, 2019, 11:38:46 PM
 #48

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
If you are afraid when the bull market appears, you should withdraw from the market at the moment. Prices rise too fast, and this may be a big trap for you, and fear is natural reactions. You are worried about risk, and you can sell your BTC, keep your money until the market decreases. But I believe Bitcoin is doing what it has to achieve and the price may not fall back.

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May 17, 2019, 01:33:58 AM
 #49

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
If you are afraid when the bull market appears, you should withdraw from the market at the moment. Prices rise too fast, and this may be a big trap for you, and fear is natural reactions. You are worried about risk, and you can sell your BTC, keep your money until the market decreases. But I believe Bitcoin is doing what it has to achieve and the price may not fall back.
It's a Bull and we're the one who put our self into worries, we must not expect that this Bull will be like 2017,but it will approach into some better amount in a much smooth process.

 
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May 17, 2019, 01:54:41 AM
 #50

It's a Bull and we're the one who put our self into worries, we must not expect that this Bull will be like 2017,but it will approach into some better amount in a much smooth process.
That is what i thought before we had the 3k jump we just expirienced
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May 17, 2019, 02:03:47 AM
 #51

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year


It really is at your discretion for two reasons:

1. It's your money
2.- Your goals only you know.

Depending on this, analyzing your objectives can range from wanting to operate in the market or investing until the bitcoin market rises.

For the option to operate daily the market is framed in having a lot of risk, and requires that you have a lot of knowledge to operate the market and that you have success in it. To do this you must track various Exchanges, the main Exchanges that move the market, you must also bear in mind that it is always exclusive to know what values ​​the market volume has, the order book that each Exchange shows you, you must take into account How the market goes down or up, if it has a lot of sales or purchases, are details that you have to take into account for your analysis.

If you fit into the investment you must take into account that you must do everything possible to not sell what you invest cheap, because you would lose time and money, and you must take into account that it takes a long time to see the benefits.

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|ROULETTE
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May 17, 2019, 02:48:43 AM
 #52

I'm weighing the situation during the sudden rise of bitcoin but I don't think this ain't a trap anymore.
If this is a bull trap, I don't think that this is going to be that high as high as $8k.
We may see some corrections but that won't be that much that will lead the bull into a trap.
And with your investing decisions, ask yourself many times and don't depend on others point of view about the market.
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May 17, 2019, 02:55:05 AM
 #53

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
After a long bullish trent it is so hard to differentiate price correction and trap,so we just have to go with our instinct
This is the best weapon we must have in this riskiest trading or profiteering platform our “instincts “because without this for sure we will be gone wrong most of the time
Quote
.Myself choose the long term and contiue to hold even if the price reaches sloghtly below because we have to remember we started this year at $3000 and now reached upto $8500.
Well same strategy to put specific time to when withdrawals must be and I am for 5 years,half of my folio is designed for long term holding and the other 50% is by chances of what the market brings upon my sight,if I think it’s enough then I cash out simply as that
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May 17, 2019, 03:54:21 AM
 #54

Major decline has happened today, bitcoin is down over 10% already and I hope this is not a result of the bull trap.

7 days low is $6280 and high was $8300, so this could just be a correction since we got good increase for the past 7 days.
Bitcoin today down below $7000 but I'm glad it's back to over $7K now.

Hopefully the dumpers are done, let's see from here if there will be a bounce back uptrend.


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May 17, 2019, 04:01:04 AM
 #55

Its a small correction and the price is still coming back to $8k level, so there’s no need to panic. Don’t sell if this is your emotion, sell if its your target price. I still see a bull trend and not a bull trap anymore, we can have lots of profit if we do wait and hold.
There was a big drop that happened today more than 10% price change in the the prices of all coins. I am guessing this was the the correction that was supposed to happen after this bull trend. It was evident that the market was getting inflated by manipulation means or just something that we are not aware of yet, but a drop was coming.

If the growth was organic then the bulls should push back the bears and recover.

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May 17, 2019, 05:32:48 AM
 #56

Its a small correction and the price is still coming back to $8k level, so there’s no need to panic. Don’t sell if this is your emotion, sell if its your target price. I still see a bull trend and not a bull trap anymore, we can have lots of profit if we do wait and hold.
There was a big drop that happened today more than 10% price change in the the prices of all coins. I am guessing this was the the correction that was supposed to happen after this bull trend. It was evident that the market was getting inflated by manipulation means or just something that we are not aware of yet, but a drop was coming.

If the growth was organic then the bulls should push back the bears and recover.

To be fair, it's not just bitcoin who suffered a major correction today, almost all of the crypto coins are also going down more than bitcoin.

There was a lot of support/resistance going on, specially when we breach $8k. But that was it, no more money coming in the market as investors chooses to pump altcoins by that time. So it lead to the price having a pullback. But I doubt we will go below $7k levels, the price is holding up at $7.3 so there's enough time for the bulls to push the bears in the next coming days.

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May 17, 2019, 06:18:00 AM
 #57

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
At this moment, the market is doing a correction and I knew it was coming Smiley. I have watched videos on youtube that is why I knew this correction will come. 7500 is the major support but it quickly goes to the bottom of it. Its hard to say but for me, I predict that Bitcoin will go near the 5-6k$ in the next weeks.

This is not a bull run or a bull trap. Its just a small price increase followed by a correction and that is normal already for crypto market.

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May 17, 2019, 06:27:31 AM
 #58

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
You can choose cashout if you really made profits from last year's investment but I guess this is not the right time since we are gaining prices in the recent days and reaches good price from last years bottom price.

There is dump on the price after we reaches $8500 for the last two days and predictions says this is just the correction and if we can again break the resistance on $8400 we could climb upto $9500 to $10000 by end of this month.
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May 17, 2019, 06:45:33 AM
 #59

There is a good article about the 4.3k to 8.4k bull run. I think it was on the bitcoinist.
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May 17, 2019, 06:50:43 AM
 #60

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
It very clear that it is too early to cash out now, if you are a long term investors, you might just have to wait a little longer because this price of bitcoin now is just the beginning of bull run, I know we are being careful because of the mistake we made last year, lots of us expected more than what we saw.

Right now, we have not really seen the bull run and I am sure this is not a bull trap, because this value is too low for the players to back down from, the will still push it higher to value that will be above the last ATH, but if you think whatever profit you have now is ok, and you wouldn’t be full of regret in future when you see a larger increase, you can cash out.
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May 17, 2019, 07:17:06 AM
 #61

I want to know if it's time to cash in or to cash out,
No one can tell you that, even if some people will say that "buy now, this is the dip we are waiting", you will still not believe. Just like what happened around December 2018, when the price of Bitcoin dropped around $3,200, some people are still waiting for the dip that time, but the price now almost x2.
The best to do is do your own research, try technical analysis, use the chart, compare the history prices or fundamental analysis or about positive news.


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May 17, 2019, 07:27:46 AM
 #62

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
What are you looking for if you spend money for investing in cryptocurrency?

If you find for looking instant rich then this not place for you maybe you should fine a lottery place that can double your money with a thousand fold.

However, if you find for long term profit and you have known with potential side of cryptocurrency then the preconception about bull trap or anything that headed to negative line you should leaved it. Because the price cryptocurrency will always like that, I came to know about cryptocurrency since 2017 ago and until now the movement character of cryptocurrency was same.

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May 17, 2019, 07:42:12 AM
 #63

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
What are you looking for if you spend money for investing in cryptocurrency?

If you find for looking instant rich then this not place for you maybe you should fine a lottery place that can double your money with a thousand fold.

However, if you find for long term profit and you have known with potential side of cryptocurrency then the preconception about bull trap or anything that headed to negative line you should leaved it. Because the price cryptocurrency will always like that, I came to know about cryptocurrency since 2017 ago and until now the movement character of cryptocurrency was same.
Most of the users have similar misunderstanding of getting rich through bitcoin instantly. Also this is the reason for the increasing number of scammers as well people getting caught into the traps. With cryptocurrency it is our responsibility to be more observative and make the right way of investing. All time is good for investment when you have got the patience to hold and profit, even with this it is suggested to invest when the price is low for a better profiting.

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May 17, 2019, 09:19:44 AM
 #64

I want to know if it's time to cash in or to cash out,
No one can tell you that, even if some people will say that "buy now, this is the dip we are waiting", you will still not believe. Just like what happened around December 2018, when the price of Bitcoin dropped around $3,200, some people are still waiting for the dip that time, but the price now almost x2.
The best to do is do your own research, try technical analysis, use the chart, compare the history prices or fundamental analysis or about positive news.

Yes, we shouldn't completely rely on the others because we have to research ourselves about the market and fluctuation. It is our money we have to choose a wise decision and wait for the bitcoin price to drop. Many people will tell buy now it is the right time to enter. Research is always good for long term investment.

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May 17, 2019, 09:20:02 AM
 #65

Today it looks like both to me. Either we will continue the rise to $8700 or something like that, or the market will reverse and we are going to retest some of the previous levels. You have to decide which one of these options is going to happen for yourself. I know this post of mine is of no use to you, but I myself am in the same dilemma. I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?

Just to be clear, I hope for a continuation of the bullish run.
Many people experience confusion now, why don't you see the market and see if prices will fall or go back up? or at least you can sell half of it to recover because of your previous loss? there are many strategies and plans that you can choose.
I'm sure a lot of people will sell when they think the price is already high enough, and of course the falling price will definitely happen, as happened today. many people sell when the price breaks through $8k as I'm predicted. my advice if you go for short then sell it if you have seen a high price, dont let that chance gone
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May 17, 2019, 09:51:44 AM
 #66

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
If you look at the real volumes of good exchanges, and not into the kitchen, you will see that they are very small relative to such growth. This means that someone is winding up volumes and trying to raise the price of Bitcoin. But the correction is inevitable and maybe it will be very deep.

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May 17, 2019, 12:06:58 PM
 #67

I think its a good plan to sell at the current price and buy back in after this next dip is over.  Don't be afraid to sell after a huge pump because everything must go down at some point.  Or you can just play the hold game if you are too scared to day trade.
What assurance do you have that we will still get a dip, and the price of bitcoin will not continue to moon from now on till we get to ATH? many people have been speculating this dip since bitcoin went on a bull run to $5k, some said market were already being overbought and we will have a pull back to $3500.

$5000 passed and no dip, same thing said at $6k, it passed and no dip, and now we are still repeating same thing that is never going to happen for now, even if there will be a dip, it will just be a little one to serve as price correction, but I think what op is looking at is to cash out completely.
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May 17, 2019, 12:34:36 PM
 #68

Is this a correction or a sign of a bullish momentum?
There still a confusion to my mind because the catalyst may not be an impact for the market. However, a lot of expectations coming from amateur and pro traders that this year will be a bull market for cryptocurrency.

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May 17, 2019, 12:52:37 PM
 #69

Let's hope that it is a bull run not just another bull trap .
The investors or trader has already suffered too much from the crash events from the past.
But I think this is just a correction and after this we would experience another slow price increase.

 
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May 17, 2019, 12:59:47 PM
 #70

It's bull run now but it is kinda getting stalled lately due to sells of some who managed to recover their losses as it was stuck above 7k last year. It breached 8k previously and if you're still looking to build up what you currently invested, now's the time. For those who were thinking that they missed the train at its maximum shall catch up right about now while it is still staying around 7k.

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May 17, 2019, 01:07:41 PM
 #71

Nobody can make the decision for you, it depends on your term of investing and how good you can analyse the market situation to make short term trade, if your aim is long term then just buy and hold it, but if you are aiming for short term maybe you need to wait for the dip a while, this fast rapidly rising will have the pullback effect
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May 17, 2019, 01:24:17 PM
 #72

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

With the current price movement, I believe it's a bear trap.
The market was down for over a year and there are no chances of market going any lower. The market had been preparing for a bull run for over a year now and the current fall in price is probably a bear trap before a long bull run.

 
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May 17, 2019, 01:45:32 PM
 #73

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

Set how much profit you want from your investment and cash out when you reach it. You should avoid getting greedy and wait for the top price because no one can tell you exactly when will that happen. Always base your actions on your goals.

 
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May 17, 2019, 01:54:43 PM
 #74

We're not sure about this It might be a bull trap if we're going to refer the current market status to the last bull market which also have a bull trap before the real bull pump but it might be a new path and not like the last path so it might be a real bull today.

It depends on us if we're going to take risk in order to earn or be afraid today and regret in the future?
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May 17, 2019, 01:57:00 PM
 #75

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
If you look at the real volumes of good exchanges, and not into the kitchen, you will see that they are very small relative to such growth. This means that someone is winding up volumes and trying to raise the price of Bitcoin. But the correction is inevitable and maybe it will be very deep.

I guess that he is a bit too late to sell his bitcoin because if he sells right now, his profit will not bigger than before. We know that the bitcoin price has already touched more than $8k, and that is the best price for him to sell bitcoin. But if he is late to sell at that price, he could still sell it right now while the price is at $7k. Or he can wait for a while until the price can increase again at $8k.



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May 17, 2019, 01:58:51 PM
 #76

I strongly feel that there is gonna be a bullrun this year, but for now for the day traders this would be a bulltrap if they don't be careful, regardless of that we just reached the I would say lowest support $6000 from the $4000 which indicates the massive good movement of bitcoin that just still can do more with the right time.
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May 17, 2019, 02:32:11 PM
 #77

I strongly feel that there is gonna be a bullrun this year, but for now for the day traders this would be a bulltrap if they don't be careful...

I'm thinking also this present bull can be a trap with the way we have sudden drop in price. Today's drop I think is the second time since this month run. I saw price drop from $8200 , down to $7,220, this is a very huge margin. I'm still wondering the next move now.

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May 17, 2019, 02:48:20 PM
 #78

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
That's a big question mate?
Every time will be a trap especially when we are in the wrong timing or in the wrong choice of coins to trade. Our market today isn't in the good start but it eventually moving forward before the start of the 2nd quarter. It keeps on rallying but I've never known what it happens today when it drops unexpectedly.


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May 17, 2019, 03:00:46 PM
 #79

I strongly feel that there is gonna be a bullrun this year, but for now for the day traders this would be a bulltrap if they don't be careful...

I'm thinking also this present bull can be a trap with the way we have sudden drop in price. Today's drop I think is the second time since this month run. I saw price drop from $8200 , down to $7,220, this is a very huge margin. I'm still wondering the next move now.
it possible to move to around $5893.testing resistance that be support no.and if this level unbroken in my opinion bullish movement confirmed yet.and bitcoin ready to move to $11937.

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May 17, 2019, 06:02:15 PM
 #80

I strongly feel that there is gonna be a bullrun this year, but for now for the day traders this would be a bulltrap if they don't be careful...

I'm thinking also this present bull can be a trap with the way we have sudden drop in price. Today's drop I think is the second time since this month run. I saw price drop from $8200 , down to $7,220, this is a very huge margin. I'm still wondering the next move now.
of course when you see the price fall from 8200$ to 7000$ at this moment, then it is a bull trap, we are so easy to be get FUDs from whales and too easy to follow FOMO, this is can be a bad news for investors buy too late, but this is a good chance for us to buy at a cheap price, i still have a believe that the dump will soon end and the a uptrend will come very soon.

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May 17, 2019, 07:29:29 PM
 #81

Bitcoin is indeed experiencing a good increase, but I see today it is difficult to continue the increase and I think many people sell their bitcoin because of the benefits they have made. As you are experiencing, you just choose which one is the best.

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May 17, 2019, 07:32:58 PM
 #82

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
No one can really answer it out yet every each one of us here on this crypto market are just pure speculators or do simply keep
on guessing on what would be the price on next minute/hour/day/month/year.If you do able to take profits or simply sell on above 8k price
then that was the best time yet we have dumped again on 7k level so that's already an ensured profit.



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May 17, 2019, 07:49:36 PM
 #83

   To cash out at 8000$?! Don't hurry so much man!
It's not the top for bitcoin yet and soon you may regret about lost possible profit.
   I truly believe bitcoin will come back on 20000$ sooner or later and for my taste it's perfect price to cash out.
That's what I'm actually planing to do. I'm going to be totally satisfied, even if the price will continue to grow.

 
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May 17, 2019, 07:55:34 PM
 #84

   To cash out at 8000$?! Don't hurry so much man!
It's not the top for bitcoin yet and soon you may regret about lost possible profit.
   I truly believe bitcoin will come back on 20000$ sooner or later and for my taste it's perfect price to cash out.
That's what I'm actually planing to do. I'm going to be totally satisfied, even if the price will continue to grow.
Taking profits at $8000 and buying back at the current price of $7058 could have been a wise trading decision and I know many traders has done this already.  Making profits from cryptocurrencies market take some smartness and skilkfulness and therefore I don't see any much thing in complete holding.
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May 17, 2019, 09:56:58 PM
 #85

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

I won't go long in this post, keep it short and simple to make it easily understandable to any average trader here:

Summary:

BTC was stable at $6.5k a few months ago and then it suddenly dumped to $3.1k we called as a serious correction there. Nobody actually understood the theory behind and just started off moaning like they lost this and that. Come on, it's trading and there are 95 to lose for those 5 who make it. After this, BTC started back showing some greens nowadays (which already took it over 2x) as there are a lot of great news and technical signs going hand-in-hand. But the current dump showed that bears can still take control any time as they know that with leverage, they can make much more with lesser price of BTC than going for long.

Conclusion:

To what I've noticed so far, BTC is still amidst the play between the bulls and bears but looks relatively bearish over bullish, so I guess that even if it's not a bull trap, there's still much room for BTC to get back down for some time before it actually explodes to some unbelievable levels (some which we already touched and the next ones will be above ATH). People will get one last chance to get that cheap BTC and I suggest that if you didn't buy BTC when it was playing between $3 - 4k range, it's better to stay away and wait for the correct entry point than buying it for such a expensive price tag currently.

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May 17, 2019, 10:19:47 PM
 #86

I won't go long in this post, keep it short and simple to make it easily understandable to any average trader here:
Lol, that was not really a short post. Thank you and I really understand the whole content of your short post. Cheesy

Well, we have a different interpretation of bull run and or even a trap and you're right it is being nice that you include your Summary and Conclusions. For me, nothing who can predict the market what is really happening in the next coming days. If that Bullrun happens then we could say yes, but if that bull trap we can also wait and hold our investment because that is not going to expire. In short, no one knows what will happen so don't conclude that is a bull trap.

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May 17, 2019, 10:42:58 PM
 #87

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
both the thing are possible but the confusion is going on my mind also like you but mostly I think getting into the cryptocurrency will always useful for the future that's why I suggest you to invest now it is the best way more than getting out from the field.

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May 18, 2019, 01:08:12 AM
 #88

I think this is a bull run, we all witness the amazing rise of the bitcoin price in a very short period of time, and we all know that we are from the very huge dip. We need to make  trust and learn from the past few years, because bitcoin really didn't fall into zero value. We need to make a decision based on the past experience, i still believe that in crypto patience is really important.

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May 18, 2019, 04:55:36 AM
 #89

I think this is a bull run, we all witness the amazing rise of the bitcoin price in a very short period of time, and we all know that we are from the very huge dip.

I'm with you, I am also seeing the current trend as a bull run, not a bull trap.
The recent decrease of price cannot be identified as an action for the bull trap, the correction happen, some people sell but we are still here at a good price.
We will be back up soon, and that will prove that the bull run is really here now.

We need to make  trust and learn from the past few years, because bitcoin really didn't fall into zero value. We need to make a decision based on the past experience, i still believe that in crypto patience is really important.
One year is enough to experience and understand how the price of bitcoin move, it's bullish now, so it should end on a bullish way.
Last year's complete bear run happens, so we should be optimistic at this year.
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May 18, 2019, 12:29:35 PM
 #90

Is this a correction or a sign of a bullish momentum?
There still a confusion to my mind because the catalyst may not be an impact for the market. However, a lot of expectations coming from amateur and pro traders that this year will be a bull market for cryptocurrency.
I want to believe that this is a correction that would result to further bullish momentum, as if I knew that this correction was going to go this dip, I personally cashed out some of my funds, although not all, which I have now used part of it to buy at the dip price again.

The remaining one left is still on hold for me to watch the price direction furthermore to know if it will still continue to go down so I can invest the remaining balance that I have left with me. This market is one that no expert can relay boast of predicting as everything I feel we do is guessing, so we need to have strategies in place for us to survive in the crypto industry.

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May 18, 2019, 02:36:56 PM
 #91

I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year

I won't go long in this post, keep it short and simple to make it easily understandable to any average trader here:

.. snip ..


Yes, it was stable around that price, but I'm sure you've heard about the the hash war between BCH and BSV in November 2018. That is the main reason why the price feel dramatically. Those supporters of the those dump bitcoins in preparation of huge war, we may call ourselves, collateral damage that time.

But if we will wait then we might miss the hype train specially if the price won't go that deep. Hard to see what will be the correct entry point though. I guess if you have funds and willing to buy then you might as well go for it instead of waiting for the best entry point.

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May 18, 2019, 02:47:26 PM
 #92

I think this is a bull run, we all witness the amazing rise of the bitcoin price in a very short period of time, and we all know that we are from the very huge dip. We need to make  trust and learn from the past few years, because bitcoin really didn't fall into zero value. We need to make a decision based on the past experience, i still believe that in crypto patience is really important.
bull run now already set after in only few days ago we see bitcoin price rise more than 50% from its lowest price.and if now we see price goes down it just correction in my opinion.we trust and we faith and we see market recovered now.

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May 18, 2019, 03:42:49 PM
 #93

Indeed, in recent weeks the price of bitcoin is rising, but I also don't know it will later become a bull or bull trap, but now I see it is possible if this is a bull run.
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