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Author Topic: What will be your next move?  (Read 607 times)
Slow death
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December 16, 2019, 10:13:21 AM
 #61

I'm always sure the price of bitcoin will exceed the price of $ 10k in the future.

If the price was $ 9200 and you thought, "the price will reach $10,000 in the future" and after a few months the price dropped to $ 7200, then you would be losing $2000... or maybe a few months later the price would rise to $ 10,000 and you would make a profit of $ 800. Most people are looking at the risk and benefit in the short and medium term and that's because the haunting past of $ 18,000 to $ 3,000 is still on many people's heads (including my head). so whenever the price goes above $10,000 a few people buy, because they think that is already too high a price and more people sell because they also think the price is too high and could fall and if they fall they can buy lower




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December 16, 2019, 10:43:29 AM
 #62

And at this condition, it separates smart investors from ordinary or noobs. Because smart investors know when to enter, as the saying goes, "buy when there is blood in the street". So they don't panic and enjoy when they see a ocean of red in the market. They take advantage of that situation while majority of investors are reluctant because of the bearish trend. As for me, my I don't have that much capital right now, so most probably I'll just sit it out and enter when I have some extra funds early next year.

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senne
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December 16, 2019, 10:52:23 AM
 #63

I am out of trading at this moment. Marker is tough to predict with really small fluctuations. This is a risky market if you trade on leverage. Small uncertain movement can cause you a lot of money. Until there is some definitive trading cycle which is evidently visible. I am not traidng. I will stay in USDT only.

I am a short term and I usually look for a swing trade. Since, market isn't making much of the movement, I haven't placed any such trades.
Lecam
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December 16, 2019, 11:16:07 AM
 #64

What will be your next move in this market situation wherein price pump is speculated post halving followed by a dump or further fluctuation but if we look at current market situation especially from past one months nothing looks convincing as there are numerous short term momentum and dump as well.

Will you wait for further positive events or invest when the market is bearish?
I think i have a positive thought because i know thag bitcoin is recovering from now on and maybe in the next events bitcoin can grow again above the price last 2017. So bitcoin is good to he hold once you gonna buy today wait and hold it for a long term. Bitcoin will bring us good profits once we have patience.
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December 16, 2019, 03:51:32 PM
 #65

Will you wait for further positive events or invest when the market is bearish?
I wont be personally investing in bitcoin at this stage as i was smart enough to invest when the price was really low and sold when the rally was breaking all the resistance a couple of years back and then i booked my profit and i entered the market once again when it touched the bottom when the bear market was in full swing, so basically as an investor you enter during the bear market and wait for the rally and that is how you make the profit.
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