Don't react to the fluctuations

[joinfree]

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.

People need to learn and get to know the trends of the crypto market. This market is volatile and it's quite normal to see a rise and fall in the price of bitcoin. It's always best to purchase when the price dumps but it's so sad that crypto noobs fall for these and sell of their bitcoins during these times Ahh, well this is the only way that whales get to accumulate more and make profits when the price rises. Life is not fair and that is why one man's fall is another man's rise but the most important thing is you decide to choose which part of the equation you are!

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[redsun114]

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.

You are the one that would say is funny, because this thing should be a personal thing, if you advice everyone not to react, you are indirectly trying to turn the market to a redundant one, where there would be no much activities other than people just standing still and waiting for a pump to happen.

The sweetness of bitcoin trading is that we need people to panic for some to buy at cheaper rate while we need some people to FOMO for some people that have bought cheaper to make profit, if everyone behaves the way you want, we are still the one that will be complaining of bitcoin not doing perfectly well which I think is a very wrong thing. These are things that create volatility, so we really can't shy away from it mate. We need it as traders to make money.

[SaShiRaJaVu]

You are the one that would say is funny, because this thing should be a personal thing, if you advice everyone not to react, you are indirectly trying to turn the market to a redundant one, where there would be no much activities other than people just standing still and waiting for a pump to happen.

The problem here is that many people invested in the long run and they are not planning to sell when ever the market goes down but the market will not function like that as the ups and downs are the beauty of the market as people with intraday trading skills will get the benefit .
 

The sweetness of bitcoin trading is that we need people to panic for some to buy at cheaper rate while we need some people to FOMO for some people that have bought cheaper to make profit, if everyone behaves the way you want, 

People tend to sell when there is a panic in the market and there is nothing you can do about it but majority of the market situation does not revolve around FOMO or FUD as i think there are institutional manipulation in the market since it is not regulated.

[ethereumhunter]

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.

If you follow them, then you cannot make a profit, but you will get another loss because you cannot wait for a while and make sure if the price will increase or not. You need to analyze the market so you can find what is happening with the market so you can decide to wait or try to buy the coin. By making mistakes, we can have more experience so that it will help us to prevent to make another mistake in the future, and that will help us too to make a better analysis in the future. We can also improve our skills to better.

[Hamphser]

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.

It's easy to say IF you are trading and of course traders do always reacts to the market price. Traders are merely getting any tips for making profit that's why making your own speculation and price chart helps you to attain that profit you want. Traders will always react to the market specially if there is a new price rally again. Fluctuations is normal in this market specially if this is an open market.

[BChydro]

It's easy to say IF you are trading and of course traders do always reacts to the market price. Traders are merely getting any tips for making profit that's why making your own speculation and price chart helps you to attain that profit you want. Traders will always react to the market specially if there is a new price rally again. Fluctuations is normal in this market specially if this is an open market.

Since the market is relatively new you cannot expect any experts in the market to give any trading tips and there is nothing you can relate to like the rest of the financial market since it is not constraint to a single economic situation and it is really difficult to predict the global investment patterns that easily and i consider this as the difference between the bitcoin market and the rest of the market and that is giving people like me the motivation to trust this market.

[KennyR]

Price fluctuation is very common with bitcoin and other cryptocurrencies. Whenever there happens something associated with the cryptocurrency network there will be fluctuation in the price. This happens with large scale variation as well as within small ranges. If we begin to react to these fluctuations then we'll profit or we'll loss. This is upon the way we study the market and make decisions.

[enhu]

The fluctuation seem to have cool down already, there is no need to panic now.

I haven't reacted this way for a very long time also. I learned to read the chart somehow through the help of the users here explaining how the indicators tell us not to panic. When BTC take a dive, I don't seem to see myself hurry to login and sell anymore, I've lose enough money to worry for whatever is left now. All I do is hold, buy when it dips again. When we see price seem to good to be real, sell and wait for the correction and I guess all are doing it this time.

[bitbunnny]

Fluctuations are usual for Bitcoin price but some users can't resist it and always react to it, probably because of lack of experience or probably just human psychology.
As soon as you accept fluctuations as normal part of Bitcoin cycle that you simply need to count on the smarter decisions you will make.

[STT]

Theres alot of money in reacting correctly to each day or weeks mood variation.     I wish I was so smart to keep selling at the top and buying at the bottom of the regular range, I could become a rich man that way.



Heres how I see it currently in a basic way, we will likely see the moving averages move closer for week and monthly then a break upwards or some weakness from there.    50 day MA also relevant for the wider time frame, I think some revision downwards is likely.

[Zemomtum]

Patient is the master key here. Don't just rush into any bull trap move. Bitcoin is volatile and let's wait until the move is natural.

[Omega Weapon]

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.

This seems like the correct path to take but I do not think many are going to follow your advice, the market is truly in an unpredictable state now and while some may regret losing some profits if the market actually begins to go up once again it is better to take that time to look at the market and analyze what it does from now on, this way if this is once again a bull trap then you avoid losing money and in my opinion that is as important as earning profits in the markets.

[danherbias07]

That is for first timers.
This is normal for people like us who had been doing this.

Actually, this is the time where it is more profitable if done in the right direction without emotions getting in the way.
Last 3 months ago it had been a slow movement and there is not much profit in it.
This could be the last time it will happen again and afterwards we might see a big dump or a pump.

[daarul50]

Patient is the master key here. Don't just rush into any bull trap move. Bitcoin is volatile and let's wait until the move is natural.

and what is the metric of the natural move you talk about?

i don't see there is any metric for that , the fluctuations is here to ride for those who really know how to take an advantage of it will laugh at this as they short it out and making money while we are talking endless about the fluctuations itself.
feel free to just sit and watching but don't cry later at the time when the move is unstoppable and people like you guys become more confused than before.
i prefer make a quick move spontaneously of course not based on speculative way which could be called as FOMO.
observe everything and don't miss chance by chance by too long making decisions.
motionless/reactless will get you nothing.

[BitHodler]

Last 3 months ago it had been a slow movement and there is not much profit in it.

It depends on your capabilities as trader.... most competent traders don't need much volatility at all, where 5% movements are more than enough to make a decent living out of it.

5% is something people here don't consider severe, but I'm sure that for most institutions trading this market 5% movements are massive.... such moves aren't commonly seen in the legacy markets.

Also, you can play with leverage to make lower price movements count more. It's not for nothing that platforms such as BitMEX are doing so well, especially during times with little to no volatility.

[Faxmate]

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.

This seems like the correct path to take but I do not think many are going to follow your advice, the market is truly in an unpredictable state now and while some may regret losing some profits if the market actually begins to go up once again it is better to take that time to look at the market and analyze what it does from now on, this way if this is once again a bull trap then you avoid losing money and in my opinion that is as important as earning profits in the markets.

Avoiding losses is another way of making money. In the world of crypto currencies, there are few coins that all of sudden show huge increase and then are down to zero. We shall be able to get rid of them in their dumps. Though market is kind of unpredictable these days but if we look at price chart of bitcoin, it gives hope of some decent increase in the values of crypto market so we shall buy potential coins now and earn a good amount of profit.

[Russlenat]

We can react if its necessary, if you are day trading, every price fluctuation is important to you as that would give you a timing to make your entry point.
However, for most traders which are only focus on long term, they should understand that price fluctuation in crypto is normal since this market is very volatile and as long as they believe that the fundamentals of bitcoin is good, they should hold on even if the market struggles.

[Wysi]

We can react if its necessary, if you are day trading, every price fluctuation is important to you as that would give you a timing to make your entry point.
However, for most traders which are only focus on long term, they should understand that price fluctuation in crypto is normal since this market is very volatile and as long as they believe that the fundamentals of bitcoin is good, they should hold on even if the market struggles.

Yes I know fluctuations are earning opportunity for the day traders and this post which I shared was my personal opinion as I personally cannot be involved in full time day trading but yes there are many who fully into day trading and they might feel my post is irrelevant by this post was for normal users like myself who are not into day trading because day trading is not for everyone.

[lumeire]

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.

Well, for a long term investor the daily trends never matter, he does what he believes in and buy it and forgets it for a long period of time and then after that he cashes out. But for a day trader like me, daily fluctuations are very useful to make a few bucks, just your timing should be right to go in and cash out.

[RealMalatesta]

This seems like the correct path to take but I do not think many are going to follow your advice, the market is truly in an unpredictable state now and while some may regret losing some profits if the market actually begins to go up once again it is better to take that time to look at the market and analyze what it does from now on, this way if this is once again a bull trap then you avoid losing money and in my opinion that is as important as earning profits in the markets.

If we keep asking people to follow his recommendation, then there will be no money left in the market, because as people is selling their coin when they see pump, they will not also not panic sell for us to buy at cheap price or may even not make any buy or sell action move.

We need to understand that this is a market, and a market is a place where people must definitely buy and sell, so if people chose to respond to market at their own convenience, we should not really scold or discourage them, it is not everyone that you see go to the market makes profit every day, there are times they make losses, there are times they sell for profit and there are times that they just sell to recover their money back, which is what is the main beauty of any market that you see.