A shocking truth!

[Lanatsa]

Well we can't blame their perception on how big of an opportunity drops can be. They'll stay on what they think is the "best" for them and hide into their bunker until the price rises into the price they're eyeing at. I only heard people saying that it is a scam rarely. Some of them don't even start trading yet and they're already having these words.
7.9k was quite a drop for me, while I was eyeing on the 10k breach, didn't happen just yet. I didn't panic tho, unlike some traders that can't bear too much losses.

I think everyone was taken by surprise by the decrease in the price of bitcoin, it is not only the magnitude of the movement but how fast it happened, I was watching the market precisely at that time and everything was fine, then I took an hour off and had something to eat and when I came back I saw a huge negative candle that was incredible, it seems to me some people finally began to take profits and this caused the massive drop in the market and if the weak hands get scared we could easily see the market returning to 6k or 5k.

Anything can really happen on an instant or short possible of time.We do have price increase rally for a couple of months or weeks on bitcoins price but look at we
now where the price do drop from 8900 to 7600 as of this moment and for worst it might even go more lower going back to 6k but well these corrections do happen
and who knows that the next shoot up will break up 10k price point.

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[Mux@]

Well, today happened something what I was talking about yesterday: https://bitcointalk.org/index.php?topic=5147018.msg51337762#msg51337762
A top cryptocurrency fell by 10 percent or more. What would your friend have told you after investing yesterday? He would have been in a bad mood.

[Shinpako09]

Well we can't blame their perception on how big of an opportunity drops can be. They'll stay on what they think is the "best" for them and hide into their bunker until the price rises into the price they're eyeing at. I only heard people saying that it is a scam rarely. Some of them don't even start trading yet and they're already having these words.
7.9k was quite a drop for me, while I was eyeing on the 10k breach, didn't happen just yet. I didn't panic tho, unlike some traders that can't bear too much losses.

I think everyone was taken by surprise by the decrease in the price of bitcoin, it is not only the magnitude of the movement but how fast it happened, I was watching the market precisely at that time and everything was fine, then I took an hour off and had something to eat and when I came back I saw a huge negative candle that was incredible, it seems to me some people finally began to take profits and this caused the massive drop in the market and if the weak hands get scared we could easily see the market returning to 6k or 5k.

Yeah, btc did unexpected again, well as always. I thought the resistance in $8k is kinda tough but then this happen. Hope panic selling won't happen, this will cause the price to drop even more. If ever things doesn't go well, I had to postpone my plan to sell and just wait for the price to get back.

[Pagri]

This is the kind of decision that every investor faces as part of their daily routine, and precisely the ability to keep a cool head in the face of the rumors that swarm everywhere is what differentiates an expert from an apprentice.

Personally I think it is never a good decision to buy after a strong bullish rally like the one observed a few days ago, so we must remain as astute hunters stalking our prey, waiting for a major correction to enter the market and buy at the right time, even when the bitcoin is worth 100K, it will be a good offer to buy at $60K after a major correction, although at this time buying at that price may seem crazy.

[pixie85]

This is the kind of decision that every investor faces as part of their daily routine, and precisely the ability to keep a cool head in the face of the rumors that swarm everywhere is what differentiates an expert from an apprentice.

Personally I think it is never a good decision to buy after a strong bullish rally like the one observed a few days ago, so we must remain as astute hunters stalking our prey, waiting for a major correction to enter the market and buy at the right time, even when the bitcoin is worth 100K, it will be a good offer to buy at $60K after a major correction, although at this time buying at that price may seem crazy.

So when is the right time to buy?

After a big bearish dump people are so shocked and thinking if there's going to be a follow up and a new lower bottom. Like when we first we went down to 4000 and 3 weeks later were at 3000. Some people wait for better prices to buy and sell and are more careful traders and some people go for it here and now and if it doesn't go their way they take a small loss. We can't say that missing an opportunity is better or worse than trying and taking a loss.

[cryptocoinjohnny]

Stop chasing the highest peak when you are planning to sell and stop looking for the deepest dip when uou are planning to buy-in. Just buy whenever the price is cheaper and accumulate, and sell on your desired price. No one can predict the market, just go by your own analysis and instinct, trust no one's judgement and speculation.

Speaking of dips, BTC/USD weekly candle closed as a doji after a bull-rally lasting approximately seven weeks.  LTC/USD weekly candle was also a pin-bar. These two pairs might be gearing up for a slight dip before a parabolic bull-run. Less volume of both coins was also traded in the markets throughout the last two weeks. Maybe this is the dip for conservatives and cautious traders to join the rally? Which relatively new coin is likely to ride on such a rally if it materializes?    

[uray]

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version )

The risk of investing into the market when the price is at an all time high valuation is really high, you really cannot predict the market and you never know whether the coin is being manipulated by the billions of rupees the owner has after the hack and they might be even looking for a good price to dump the entire coins when they recover the loss they encountered, so anything is possible i the market and you never know why the price goes higher just after the hack, like someone can speculate for the positive, we have to anticipate the negative side too.

[omonuyak]

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version )

The risk of investing into the market when the price is at an all time high valuation is really high, you really cannot predict the market and you never know whether the coin is being manipulated by the billions of rupees the owner has after the hack and they might be even looking for a good price to dump the entire coins when they recover the loss they encountered, so anything is possible i the market and you never know why the price goes higher just after the hack, like someone can speculate for the positive, we have to anticipate the negative side too.

we cannot trade without taking risk and that is why it is very hard to buy if you are not a risk taker at any price bitcoin or any other coins fall to. Bitcoin may get dip to even $1000 at the moment and the fearful will be thinking that it is death and no need to invest in it why the risk takes will buy them in thousands of units and become another whale in future.

[ichai]

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version )

The risk of investing into the market when the price is at an all time high valuation is really high, you really cannot predict the market and you never know whether the coin is being manipulated by the billions of rupees the owner has after the hack and they might be even looking for a good price to dump the entire coins when they recover the loss they encountered, so anything is possible i the market and you never know why the price goes higher just after the hack, like someone can speculate for the positive, we have to anticipate the negative side too.

I totally agree with your opinion. I think the friends of the effect were right without investing in Binance. because they do not understand why BNB is rising too fast, meaning they are anticipating risks and do not want to invest.
Investing in what you don't understand means that we are giving away our money. We will be very disoriented when prices fluctuate.

[syaripudin]

Even though I haven't experienced many parabolic sessions of the crypto market, my little observations I made in the immediate past one is that, we're all likely to miss the boat of the next run again. Especially if you're not holding much coins already. I'm saying so because the bull run/market comes like a snake attack- subtle, tactical, unexpected and quiet and by the time we realize, we're already at the top again.

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version )

the cryptocurrency market always surprises the holders, some of us will always get big profits because they can buy a few coins when the price is very low. sometimes in a short period of time beyond our expectations, market price movements can experience a very sharp increase, for example when we fall asleep, a bullrun suddenly appears. therefore, in any situation if we believe in coins to be traded, as much as possible we should take advantage of the situation by investing our money as much as we can so that we can get benefits in the future

[Nellayar]

Indeed if you are feeling the bullrun go on and hoard as many coins as you can specialy coins on the top or CMC rankings,or whenever you see the low bottom of the coin go for it because it will not take a long time for the bullish market to return.Hodling established coins will surely earn you when bullish market attack.Always buy on the dip they say

It is really true! Holding while the market is in bearish period is good but you need also to consider bullrun when holding your assets. I want to sell my crypto right now and return when the price goes down again. If I just have sufficient money, I will buy and buy bitcoin specially when it is at dipped.

[South Park]

This is the kind of decision that every investor faces as part of their daily routine, and precisely the ability to keep a cool head in the face of the rumors that swarm everywhere is what differentiates an expert from an apprentice.

Personally I think it is never a good decision to buy after a strong bullish rally like the one observed a few days ago, so we must remain as astute hunters stalking our prey, waiting for a major correction to enter the market and buy at the right time, even when the bitcoin is worth 100K, it will be a good offer to buy at $60K after a major correction, although at this time buying at that price may seem crazy.

While many concentrate on the moment when they buy their coins the truth is that it is way more important to decide when to exit a position, there are many that bought bitcoin at a reasonable price at the end of 2017 and could have got huge profits if they just got out of the market at the right time but they didn't and they kept holding their coins and instead of profits they got losses, this shows the importance of having a complete system that tells you what to do in every circumstance and does not only tell you when to enter the market.

[pundit]

Predicting top and bottom of any coin in crypto market is hardest thing I believe. Now see if someone could have buy BNB at $20 he may have earned much money by now but what happens if BNB would have again back to $10. Its always a 50/50 situation as mentioned by someone earlier in this thread. Managing the trade smartly is what we need to learn, don't run behind the train, market will always be there, so chose the right point to enter and come out with your pre decided profit target, coin may run much after a that point but leave it as you have already cash in some buck.

[TopT3ns]

Predicting top and bottom of any coin in crypto market is hardest thing I believe. Now see if someone could have buy BNB at $20 he may have earned much money by now but what happens if BNB would have again back to $10. Its always a 50/50 situation as mentioned by someone earlier in this thread. Managing the trade smartly is what we need to learn, don't run behind the train, market will always be there, so chose the right point to enter and come out with your pre decided profit target, coin may run much after a that point but leave it as you have already cash in some buck.

Right, join in any price that we really sure it is profitable is good too. As long it can give us profit, i think bottom or any price is already a good choice.  Because if me personally must decide which is bottom, is actually hard for me to do.

[Pamadar]

Predicting top and bottom of any coin in crypto market is hardest thing I believe. Now see if someone could have buy BNB at $20 he may have earned much money by now but what happens if BNB would have again back to $10. Its always a 50/50 situation as mentioned by someone earlier in this thread. Managing the trade smartly is what we need to learn, don't run behind the train, market will always be there, so chose the right point to enter and come out with your pre decided profit target, coin may run much after a that point but leave it as you have already cash in some buck.

It's needs a good strategy to plan your position, there's a lots of works anticipating the bottom and grab a good timing to start your investment, as well with targeting the peak and sell your assets, there's no specific patterned  to follow but your own instinct and believe with the project, invest with the
amount you can longing to hold so you have enough time to decide, by using spare money you can always reassess your position and you will not going
to act quickly but instead you will be able to act accordingly.