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Author Topic: The first signal that 2020 might be the comeback of crypto!  (Read 222 times)
The Sceptical Chymist
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February 02, 2020, 05:31:57 PM
 #21

If you are considering getting back into crypto, this might be a great time.
There was a much better time to get into the market--when bitcoin had slumped to around $6600 just a few weeks ago.  Why isn't there an outcry of bullish sentiment when bitcoin drops?  The way I see it, when that happens it's on sale and should be bought.  If you start buying when the market is up over 30%, there's a chance that you could be a little late.

Not that I think that this rise is going to be all there is, because I think bitcoin is probably going to head much higher this year.  Am I certain?  Nope.  But we are indeed off to a good start, and the halving is only a few months away.  That will probably draw in some speculators if nothing else.

Most of the people or investors regret once they see the price touching their expectations but yet they did never invest at the point they feel only because they were too afraid to get into the coin at that movement.
Your post is a little hard to understand, but I think you're basically saying the same thing I said.  People get scared to buy when prices are low, and that's exactly the time when you should be buying.

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February 02, 2020, 05:48:10 PM
 #22

I also think this is the high time to come back. I guess the price of BTC will increase more after halving! Let's wait and see. Thanks for the overview.

This is an investors time. I also believe this because btc is beginning to rise gradually. This being the beginning of a prosperous year with halving year too, most likely crypto is going to bull.

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February 03, 2020, 04:19:18 AM
 #23

anybody who stopped trading during the past 2 years and wants to start again this year must not do it and should stay away from trading. because someone who can not make profit from all market conditions is not a trader, they are gamblers who rely on constant pumps to make profit and since that is not possible they should not risk their money or they will end up losing their money again and again until they are broke.

Eh? A bit disagree with stopping one, I feel like not able to make profit in the hard condition doesn't mean you shouldn't take the chance to make profit from 'easy' condition. I mean, not everyone can learn trading easily, for some of them might take years to make profit from a specific condition and during the way they may see the market condition changes.

if they are "learning" and analyzing their mistakes in the past and not just moving past them then you are correct. but that is not the case with 99% of those who are trading in any market. if you are in that 1% then by all means keep it up otherwise the rest are only losing money.
and the problem with what you call "easy conditions" is that they all end up feeling like an expert trader just because they made a couple of profitable trades from their "bets". and someone who feels he is an expert is not going to stay away when shit hits the fan and they start dumping altcoins. instead they keep on bag holding until they are in something like 80% to 95% loss. it doesn't stop there either. they still won't accept it was their own fault, instead they start blaming the market, exchanges and whales for manipulation.

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February 03, 2020, 02:22:55 PM
 #24

I am actually getting worried seeing your graph. After March 2019 when the graph was already above 30%, it reversed in the next month itself which is basically only because each force has a strong and opposite force of direction which also occurs a pump after a dump and vice-versa, dump after a pump.

Now, last month has been great for the price of altcoins as we could see the graph going above 25% again after a long time but wouldn't it result in a dump followed by February i.e this current month? Yes, it might be the case but yet the price movements are showing us immense price growth and it might be a plus point for this year to welcome the bull runs.
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February 03, 2020, 05:02:56 PM
 #25

I guess stopping because of different conditions changes the situation, I mean some people stop because they have other stuff they have to take care of, some people stop because they do not want to be involved with bitcoin for a while, neither of those things make them a bad trader, just people who had other things on the way.

I am sure if a person wants to actually step up and trade whenever they want to, they should be able to do it and probably even get better at it over time as well. The only type of person that I imagine would be bad to come back to trading would be the people who were afraid of bitcoin and wanted nothing to do with it since the pressure and fear of loss was too much, that will be felt again and again in trading over course of years.

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