omonuyak
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June 10, 2019, 06:15:53 PM |
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It's not bad to have a small reversal for just a week or so, it just means that people can buyback again after they sell their Bitcoin to a high price. I hope you understand what the market's been doing. It won't keep growing if all of the people are selling someone must have to buy too, in order to move the supply and demand of the market.
Because of how some people understand the market they always feared or panic whenever some traders tried to take profits from gained in a bullish trends. One thing we should know is that it must happen and traders must take profits and that means we should remove this panicking from our mind and focus on a long term view. Like now that we are having up and down in bitcoin pricing it is better we should understand that bitcoin is resetting for the next bull run and if that did not come up then expect serious dumping.
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iMark
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June 11, 2019, 11:19:19 AM |
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It's not bad to have a small reversal for just a week or so, it just means that people can buyback again after they sell their Bitcoin to a high price. I hope you understand what the market's been doing. It won't keep growing if all of the people are selling someone must have to buy too, in order to move the supply and demand of the market.
do not be too surprised by this price movement, before going up to $9k the price also rises and falls repeatedly isnt it? the correction is reasonable because traders will certainly secure profits when the highest price occurs, and that makes prices fall yesterday, but as you say that this is the time to go back to buy
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South Park
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June 11, 2019, 09:52:34 PM |
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True, everyone (especially the newbies) wants that bitcoin and altcoins prices always move up and up and never fall down. When the price started to dump, these people start crying and regret that either 1- They did not sell in profit OR 2- They bought too high in the upward rally This is something that bothers me, I understand the desire to make money since we all want the same but it is as if newbies do not understand that it is impossible for a market to pump forever, at some point the price needs to go down and they need to be ready to take their profits and sell their coins, maybe this has to do with the fact that most of the time when I see newbies discussing strategies they are always discussing entry strategies and they never discuss exit strategies.
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perla
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June 12, 2019, 03:54:38 AM |
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True, everyone (especially the newbies) wants that bitcoin and altcoins prices always move up and up and never fall down. When the price started to dump, these people start crying and regret that either 1- They did not sell in profit OR 2- They bought too high in the upward rally This is something that bothers me, I understand the desire to make money since we all want the same but it is as if newbies do not understand that it is impossible for a market to pump forever, at some point the price needs to go down and they need to be ready to take their profits and sell their coins, maybe this has to do with the fact that most of the time when I see newbies discussing strategies they are always discussing entry strategies and they never discuss exit strategies. Maybe what they aim is instant money, so they only think if they can get profit with bitcoin and other cryptos. So they not really think how to manage if lose, when to sell or in what price that they need to take profit before price down again.
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Caladonian
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June 12, 2019, 04:09:21 AM |
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True, everyone (especially the newbies) wants that bitcoin and altcoins prices always move up and up and never fall down. When the price started to dump, these people start crying and regret that either 1- They did not sell in profit OR 2- They bought too high in the upward rally This is something that bothers me, I understand the desire to make money since we all want the same but it is as if newbies do not understand that it is impossible for a market to pump forever, at some point the price needs to go down and they need to be ready to take their profits and sell their coins, maybe this has to do with the fact that most of the time when I see newbies discussing strategies they are always discussing entry strategies and they never discuss exit strategies. The trading business needs to have two participants, those who needs to buy and sell the project. Forgetting this concept can lead you to being trapped as you're going to continue holding and thinking that the value will rise from time to time.
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btc_angela
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June 12, 2019, 04:40:11 AM |
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True, everyone (especially the newbies) wants that bitcoin and altcoins prices always move up and up and never fall down. When the price started to dump, these people start crying and regret that either 1- They did not sell in profit OR 2- They bought too high in the upward rally This is something that bothers me, I understand the desire to make money since we all want the same but it is as if newbies do not understand that it is impossible for a market to pump forever, at some point the price needs to go down and they need to be ready to take their profits and sell their coins, maybe this has to do with the fact that most of the time when I see newbies discussing strategies they are always discussing entry strategies and they never discuss exit strategies. They really need to learn it the hard way though. Because newbies thought that the price could go on parabolic rise and then they bitch around when the price goes south. But that's how the market operates and sometimes it's better for them to experience this kind of dump so that they will learn from it.
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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June 12, 2019, 06:47:46 AM |
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True, everyone (especially the newbies) wants that bitcoin and altcoins prices always move up and up and never fall down. When the price started to dump, these people start crying and regret that either 1- They did not sell in profit OR 2- They bought too high in the upward rally This is something that bothers me, I understand the desire to make money since we all want the same but it is as if newbies do not understand that it is impossible for a market to pump forever, at some point the price needs to go down and they need to be ready to take their profits and sell their coins, maybe this has to do with the fact that most of the time when I see newbies discussing strategies they are always discussing entry strategies and they never discuss exit strategies. They really need to learn it the hard way though. Because newbies thought that the price could go on parabolic rise and then they bitch around when the price goes south. But that's how the market operates and sometimes it's better for them to experience this kind of dump so that they will learn from it. but this is not a "dump" and it is not even a big drop for them to learn anything. going from $8000+ to $7500 is barely even a concern specially since price is closer to $8k again. a "dump" is more like what we had at the beginning of this year when price despite being above a strong buy support at $6k got dumped and went below it drastically and went down to $3.1k.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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jademaxsuy
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June 12, 2019, 07:55:18 AM |
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It's not bad to have a small reversal for just a week or so, it just means that people can buyback again after they sell their Bitcoin to a high price. I hope you understand what the market's been doing. It won't keep growing if all of the people are selling someone must have to buy too, in order to move the supply and demand of the market.
Some says it is all about market price correction because of the sudden surge last few days where bitcoin market price were surging. So, if this really because of market price correction then there is nothing to worry. Bitcoin hokders still had holding their btc. Besidres there is a bullish news here that btc will going to go a huge market price increase as it seems that a billionare wants to buy 25% of bitcoin supply for no particular reason. So we exprct a good market price increase.
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FanEagle
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June 12, 2019, 03:33:02 PM |
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I think falling again is healthy in finances because when something goes up forever without ever dropping it is becoming a bubble that is waiting to be burst. Remember when bitcoin became 20 thousand dollars without any stops and suddenly started to drop and became 3 thousand dollars?
Well, if we do not have a fall in between of our highs then we will be going down again that fastly once again. That is the reason these falls are healthy and we should be happy about them since without them the price of bitcoin will only go up until it bursts and creates a trouble. I also would like to see the price stay around here for a while as well because just going up and down is not the only option, staying on the same price is also helpful in some situations for people to gather some more money back and reattack the resistance levels to go higher.
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STT
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June 12, 2019, 03:39:12 PM |
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The ironic thing to the price rising and falling again is that in average or sum total over that period the price is staying the same, its more stable then a price that keeps rising or keeps falling. It could be considered a superior market while the price is relatively stable.
I think BTC is strangely bouyant at the moment, I expect it to sell off after stalling around 8000 yet it just keeps on recovering though it has lost its previous regular rise since April or so. The Feb rise at a slower pace is probably still in play
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Cheesus
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terra-credit.com
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June 15, 2019, 11:13:06 PM |
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That was a normal decline, mate. Bitcoin price should be growing continuously? No, this is not the crypto's nature! Bitcoin price went down and now it again started growing! so what do you think now? This pumping will continue? No, we will see the crypto market decline again, that's why we need to be prepared! Just enjoy the present positive atmosphere in the crypto industry!
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