Bull or bull trap

[Bezobraznike]

   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.

[omonuyak]

   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.

[Stedsm]

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.

[jhongzjhong]

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.

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.

[mersal]

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.

[Ronaldcoin2017]

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.

[Remainder]

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.

[davinchi]

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.

[Jating]

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.

[calya]

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.

[aderidwan98]

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.

[ethereumhunter]

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

Why are you confused? I think you can cash out in anytime especially if you can see your coins have increased and that will be the right time to sell the coins. You need to have a target price to sell so you can know the time to sell but if you don't have the target sell, then you are waiting for the unknown time, and you can not make a decision to sell right now or still to wait. That will make you confuse, and you will difficult to make a decision.

[Google+]

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.

I think the increase in the price of bitcoin is not like a trap, but the increase in the price of bitcoin is due to the influence of the good news that makes the demand for bitcoin prices soar.

[hahay]

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.

I think the increase in the price of bitcoin is not like a trap, but the increase in the price of bitcoin is due to the influence of the good news that makes the demand for bitcoin prices soar.

So what's the good news that can increase the price of bitcoin this time? In fact, I only know about the bad news that happened in hacking attacks at Binance, after the news spread there was no major correction that occurred and precisely the price of bitcoin was able to soar. So not always good and bad news will affect the price movements in the cryptocurrency market and this time it is a very good bull run and I don't see any bull traps this time because the trend will be very good this year.

[semobo]

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.

I think the increase in the price of bitcoin is not like a trap, but the increase in the price of bitcoin is due to the influence of the good news that makes the demand for bitcoin prices soar.

We didn't had any big influencing news about the crypto currency but still it causes the prices to go higher which is due to the long wait for bull run in my opinion.No chance for bull trap since we didn't face any huge dump,these are all just corrections.

[The Cryptovator]

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 think it was bull trap. But may be big whales are playing around it. Actually no one can say exactly what will happen. In my opinion you might use stop loss if you are worried about loss. That's your fund and you have to decide what you will do. We just describe our opinions. Overall market trend isn't bad and you might wait few days before sold your coin.   

[Coin_trader]

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.

I think the increase in the price of bitcoin is not like a trap, but the increase in the price of bitcoin is due to the influence of the good news that makes the demand for bitcoin prices soar.

It's more of the news now that affects the price, due to BAKKT recent news and today since no other no news update regarding the the price seems to decline.

[Eildosa]

I think it's a pretty tough choice right now. It is unclear how bitcoin will behave further. As far as I know, the market always goes against the crowd, so if you see everyone saying that bitcoin will grow, it means that it is likely to fall. And vice versa. Of course, this is not a reliable sign, but still there is some truth in this.

[superscommessebitcoin]

I am more inclined to believe that bitcoin will still fall down before it grows. Of course you don't have to believe me, it's just my humble opinion. But I think we need to wait a little longer.

[wawanlindu]

I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?

In my opinion, if you want to continue to make a profit, choose a short trade but a small profit, rather than having to choose a long trade that is still gray.
I think, now the market bears the right time to trade.