Don't react to the fluctuations

[pooya87]

the bitcoin market is going through quick pump and dump

that is not what "pump and dump" means!
a pump and dumps is where price is falsely pushed up and then as it reaches climax the manipulators cash out and price crashes back down. do you see a crash down?
this was a dump and then correction or recovery.

as for the title, a better suggestion is stay away from day trading if you have no idea what you are doing and call rises pumps and falls dump! for a day trader these fluctuations are the only reason why they continue trading.

[1715030553]

1715030553

[Pamadar]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

No, I do not agree with your opinion. We must constantly research and discuss the behavior of cryptocurrencies in order to understand its nature and learn how to predict its development. Anyway, this forum is exactly for this purpose and is intended to discuss news in the world of cryptocurrency and its development trends. Therefore, for sure, we will continue to respond and discuss the reasons for the ups and downs in the price of our cryptocurrency.

We should find suitable reason on how we should act so we will not end up losing our money. We need to keep learning and never stop looking for good pattern to work with because speculations and all those opinions about market movements can be learned from your continuous effort to seek
good knowledge.

Trading with cryptocurrencies need to have a support information in order to be in a safer side of this market. Stop being swayed by artificial
trends that was created by whales but always find concrete reasons before taking any actions.

[Doell]

everyone has a different view of what will be done with a spike in the market, but as far as I'm observing people will react when there is a significant increase, so whether it's an up or down trend surely people prioritize their own interests rather than others.

afaik observe its like that when it come to trend every individual will surely follow the ongoing path ,not panic but opportunity will not come thousands of times and take advantage of this conditions ,advised not to buy or sell if loss or doubt just relax

[topbitcoin]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

Actually in deep of our mind, or in our heart when something not happen or already happened like this, we think we can do it. But when the time come, usually we can be more panic than others. Maybe not we, but only me with other weak holders. When dump or pump come, usually we not want to miss the moment. And then trapped in bull trap or bear trap. But i think it is only the matter of time and experience.

[Wysi]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

Actually in deep of our mind, or in our heart when something not happen or already happened like this, we think we can do it. But when the time come, usually we can be more panic than others. Maybe not we, but only me with other weak holders. When dump or pump come, usually we not want to miss the moment. And then trapped in bull trap or bear trap. But i think it is only the matter of time and experience.

Yes it's all the spur of member where we lose our emotions and get into buying or selling whenever there is a pump or dump to make it profitable for us and I have made same mistakes numerous times until I have made a algorithm for myself about buying and selling and I have not reacted to the recent fluctuations. It's not easy to hold on but losing money make you understand about bull trap or bear trap.

[Obito]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

There is no mistake on reacting because that is when we start to hook up. The only mistake in that is the reckless buying that you even sold things that is nkt necessarily have to be sold in exchange of that coin. Anyway whether the market goes much more than it already did you will be either way buying more coins. But reacting is not a mistake it could be corrected with proper buying.

[stadus]

You will know to yourself if you are already matured or not, the market is highly volatile so that means big price fluctuation has become a normal scenario.
Bitcoin has pump over 30% this month but I don't see a lot of speculation that it say its already a bull run, people are still doubtful with what happen due to a lot of big dumps in the past, if you are investing now and you look for a bigger return, this means you are a long term investor and fluctuation should not affect you.

Big price fluctuation is what day traders are looking for, they are happy with this kind of scenario especially if they are good in finding a good entry point.

[Oceat]

everyone has a different view of what will be done with a spike in the market, but as far as I'm observing people will react when there is a significant increase, so whether it's an up or down trend surely people prioritize their own interests rather than others.

afaik observe its like that when it come to trend every individual will surely follow the ongoing path ,not panic but opportunity will not come thousands of times and take advantage of this conditions ,advised not to buy or sell if loss or doubt just relax

Of course they will prioritize what's best for them but if you are a wiser than the other you would have to HODL it instead of selling when you know that the price is not yet enough to cover your losses. And why we shouldn't react to this sudden move of the market is because this is just a normal routine/cycle of the market.

[The Sceptical Chymist]

Nah its impossible for someone not to make any reactions into this very volatile market.As a human being we do normally act into these kind of circumstances

Oh, I would disagree with you there.  I don't have much bitcoin, but what I do have I'm holding for the long-term.  Thus I don't react to market craziness the way OP describes.  Traders?  Yeah, that's their game.  They're supposed to trade based on what the price of bitcoin or whatever shitcoin they're trading does.  That shit would put me in a mental institution, and that's why I don't actively trade.  I tried it in the stock market and it didn't work very well for me.

When bitcoin rises like it just did, I get happy but that's about it.  I don't react to it in terms of taking action and selling--or buying based on FOMO.  That's silly, but I know there are tons of folks who do just that.  And hell, I probably used to do that in the stock market before I learned the hard way to control my emotions.

[bhabygrim]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

I think you are right and it is the worst thing that we have been doing for so long now.
We have to calm ourselves whenever we feel like we want to join the wave of the market,
We are the one's who is making it a lot more stronger so the movement is so fast whenever it pumps or dumps.

[BrewMaster]

that is an excellent advice but the problem is that the same people who are doing the panic selling are mostly the cause of a big part of the fluctuations. specially the end of the fluctuations meaning for example when there is a big drop they sell at the bottom and push the price even lower.
if people simply put aside their fears in bitcoin market, they would see a lot less losses and we would see a lot less volatility.

[gabbie2010]

that is an excellent advice but the problem is that the same people who are doing the panic selling are mostly the cause of a big part of the fluctuations. specially the end of the fluctuations meaning for example when there is a big drop they sell at the bottom and push the price even lower.
if people simply put aside their fears in bitcoin market, they would see a lot less losses and we would see a lot less volatility.

Human being are too emotional when it comes to trading especially cryptos whenever there is a little correction in the price of bitcoin fear will force hodlers to sell more as you rightly said but I believed the whales has the higher impact on the price ie they are the mover of the price compared to bit hodlers whose coins might not have significant impact.

[topbitcoin]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

Actually in deep of our mind, or in our heart when something not happen or already happened like this, we think we can do it. But when the time come, usually we can be more panic than others. Maybe not we, but only me with other weak holders. When dump or pump come, usually we not want to miss the moment. And then trapped in bull trap or bear trap. But i think it is only the matter of time and experience.

Yes it's all the spur of member where we lose our emotions and get into buying or selling whenever there is a pump or dump to make it profitable for us and I have made same mistakes numerous times until I have made a algorithm for myself about buying and selling and I have not reacted to the recent fluctuations. It's not easy to hold on but losing money make you understand about bull trap or bear trap.

If not with mistakes, we wouldn't learn anything. And that is what people do to get better in trading. Mistake of course it is always happen, like we panic, get FOMO, or maybe make wrong decision about buy and sell. With that we must know our mistake and fix it, at least learn to not do it again and minimize losses although can't get profit. But for me, i only can talk. Because most of my trading activity i am panic. 

[wajik-tempe]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

For me, set a buy target and sell target before we enter a trade is needed to avoid panic buying or panic selling.
We have to analyze the chart and the read about the coin's news first and then we determined where we want to buy and we want to sell.

[btc_angela]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

I don't think that people are doing the same mistakes. What we are seeing is that there are no investors entering the picture, and maybe they are the one who reacted to this kind of market fluctuations. But for those who have been in this game for so long, either by just holding or trading, they really know what the market brings so they don't react negatively, but take advantage of every situation to make more money. If there is a pump then experience traders just go with the flow and then exit at the right moment. But for those who don't have experience, they don't know what to see, they simply push the sell button because they are afraid of this crazy and wild price swings.

[alexsandria]

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

That is why usually they doesn't gain sufficient profit. They coped up with the situation as a matter of buying low sell high. They really ain't checking what are the possibilities that this and that happened. Well that is how majority specially those who are new or a non usual trader, trend trader is what they are been called I supposed? But even though it can't really be helped specially if you are too overwhelmed to what is currently happening specially in the market.

[1Referee]

But for those who have been in this game for so long, either by just holding or trading, they really know what the market brings so they don't react negatively, but take advantage of every situation to make more money.

That's not true from what I have seen throughout the years. The same members here keep panicking when the price tanks, and celebrate (almost as if they won the lottery) when the price pumps. In most cases when the price pumps you'll see them describe Bitcoin as an unstoppable force and that it will change the world and more bla bla.

This market's movements are so extreme and irrational that it simply isn't possible for most people to get accustomed to the environment here. It's easy when you earn Bitcoin by joining signature campaigns or do some tasks left and right, but for those who actually put their hard earned capital to work, things are very different, no matter how bullish on Bitcoin they are.

[Capt00]

It is easy to say that but very hard to do, many people are checking the price like everyday and they see the quick pump and dump in the few days and as investor they want profits to cover the previous losses that is why when they see a pump they well sell again in fear that they might miss the opportunity and that the opportunity is not always there. If only most people are patience then we won't see much of panic buying and selling.

[dothebeats]

It's exceptionally hard to not react to price fluctuations especially if there is a potential profit to be made. Most of the traders are actually relying on these teeny tiny bits of fluctuations in order to get something in their pocket and post at least a few dollars' worth of revenue. True that holding coins and just selling it at a later date remains supreme and a stress-free method of taking something in the bank but the mere fact that it takes an awful lot of time to achieve this kinda makes trading during the fluctuations worth it and more profitable if done correctly.

[buwaytress]

You're in speculation and you talk about trading, so aren't you all about reacting to market fluctuations? Riding the pumps and then surfing the dips, that's even a recognised strategy and seems to be successful for some people if I want to believe the claims on websites and webinars from all these pro traders.

And you're asking to observe for "a week or so" before making conclusions? How is that no different from reacting to fluctuations?