Need to be more cautious than ever

[jackg]

An acceptable state, however buying whenever with well defined stop loss shouldn't cause any problems as long as you're happy with the sl and the losses you may make...

The only aspect i avoid in the BTCitcoin market is putting a stop loss as the market could recover in a moments time and then you end up in a heavy loss, this is a unique market where stop loss function has its own risk as the market recovers quickly as it went down and you wont get a chance to enter again during that period. The only concept i follow is to wait for the market to recover and the idea of halving and a rally is still eminent and with that confidence i would not risk the stop loss function. In any other scenario it is a great option.

Yeah I do a lot of leveraged trades so I have to determine an accurate liquidation and stop loss price before I open the trade... Typically speaking if your stop is anywhere from 5-20% for a short term trade, you're normally alright. With less risk at the 20 end and further down.

If you're not using leverage stops don't matter unless they're at key levels. If you had a stop at $5000 for example then you'd have done well in 2019 when we stumbled below that mark.

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[sheenshane]

Panic selling and buying is a personal issue of someone. This thread wouldn't help them by doing so. But maybe you just have to let it go.

There is a must to have losers to have winners though. Easier said than done, they said. The market might be that volatile but the patience of the people cannot be changed that easily. But the fluctuation isn't that bad. It doesn't mean that you have to be careful though. You have to be smart. It's very simple, sell only if your profit was there.

[Free1bitco.in]

Panic selling and buying is a personal issue of someone. This thread wouldn't help them by doing so. But maybe you just have to let it go.

There is a must to have losers to have winners though. Easier said than done, they said. The market might be that volatile but the patience of the people cannot be changed that easily. But the fluctuation isn't that bad. It doesn't mean that you have to be careful though. You have to be smart. It's very simple, sell only if your profit was there.

Well, I appreciate how his actions to try to calm people who are often involved with panic sell. for now, that kind of thing often happens, especially when the price of bitcoin drops from $ 10000, which honestly makes people panic. however, panic sell is a very normal thing that we can feel. however we know that it will be detrimental, it's just that, circumstances seem to encourage us to sell it.
so far I managed to hold back my passion for selling when prices dropped. I believe that the price of bitcoin or altcoin will be better in the future.

[ethereumhunter]

Learning from the mistakes will be important, so we don't make the same mistake. We need to introspect with what we did before and analyze what mistakes we already made so that we can improve our knowledge and we can analyze better than before. We need to prevent ourselves from the panic buy and sell situations because that will not help us to make a profit, but we can get losing if we cannot analyze with the current conditions. If we can stay calm with everything that happens in the market, we can get a good time to enter the market, and trying to make a profit.

[Reid]

Learn from the mistakes.
I always try to remind that to myself.
It is just that. . . its difficult when it is yourself who is saying it. You always need that someone to remind you.
Thank you for doing that.

Is this really that "once" event that will happen per year? The fluctuating market where your eyes is like rolling when seeing the ups and downs of the value of every cryptocurrency?

[Latviand]

People should have learned something from the past. The market value of Bitcoin have reached $10,000 this month and recently, the price fell below the said price mark. Many people have already assume continuous downfall but the is now again close to $10,000 which should be an obvious sign to not be scared whenever the price is falling especially if the decrease is not that low. People should see drawbacks as an opportunity to invest in order to earn profit once recovery occur.

Panic selling and buying is a personal issue of someone. This thread wouldn't help them by doing so. But maybe you just have to let it go.

There is a must to have losers to have winners though. Easier said than done, they said. The market might be that volatile but the patience of the people cannot be changed that easily. But the fluctuation isn't that bad. It doesn't mean that you have to be careful though. You have to be smart. It's very simple, sell only if your profit was there.

It would somewhat help them. Such thread would still remind them to be calm but it is their decision whether to apply such reminder or not. We cannot also blame those who panic immediately whenever the market price is falling because that is their money in the first place and it won't surely be easy to see yourself losing profit. We don't have the same tolerance with regards to stress, and things could be worked out.

[Gladiator25]

Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.

When you start in investing or trading in crypto or maybe before you start, you should know how to be more cautious because money is not just a talk. We need money for us to buy all our needs and want. Being cautious doesn't need to remind to people every little time, besides all of us should know that money is not that easy to get.

[gweedo]

Learn from the mistakes.
I always try to remind that to myself.
It is just that. . . its difficult when it is yourself who is saying it. You always need that someone to remind you.
Thank you for doing that.

Is this really that "once" event that will happen per year? The fluctuating market where your eyes is like rolling when seeing the ups and downs of the value of every cryptocurrency?

And have you learned how to avoid those mistakes successfully? I personally had a lot of investment mistakes in the past, and I was thinking the same way you do. But to be honest, it's hard to avoid mistakes in the future because this market is changing and things are getting a lot harder than before.

[South Park]

Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.

When you are trading you always need to be careful since you are putting your money at risk, and most importantly you always need to have a stop loss in whatever exchange that you are using because just a few days ago there was a fall of 700 dollars in the price of bitcoin in less than an hour, that was a drop of 8% and while this is bad enough anyone being long and on margin was probably destroyed by that movement if they were not using a stop loss.

[bitgolden]

Honestly, finance is such a fragile thing for the not wealthy people that when we lose a good chunk of our money we are poor and starving, when wealthy lose their money they are just in debt to get back up and get more loans and debt to get back up as well. Donald Trump for example is said to be in 300 million dollar debt and bankrupted so many business, the difference between rich and poor is just like that, you and I can't afford to open bunch of business' and bankrupt them and be in millions of dollars in debt, I am not saying it would be bad for us or we would be like this or that, I am saying WE CAN'T, nobody would give us that kind of money to even test it.

Considering all of that, you need to be very careful with what you are doing in crypto because nobody will come save you like they do to rich people.

[criza]

Indeed, now that the price of Bitcoin is slowly retaining its price above the $9,400, this could be a sign of the Bullish run everyone thinks of. As the days comes closer and closer to the month of the halving in may, we should keep on holding Bitcoin for the fact that its supply would be affected greatly by the event. The halving indicates a massive demand for Bitcoin as its supply gradually decrease during and after the event. This could be the best time to buy a lot of Bitcoin before its price pumps high and it would be too late.

[Kelvinid]

Indeed, now that the price of Bitcoin is slowly retaining its price above the $9,400, this could be a sign of the Bullish run everyone thinks of. As the days comes closer and closer to the month of the halving in may, we should keep on holding Bitcoin for the fact that its supply would be affected greatly by the event. The halving indicates a massive demand for Bitcoin as its supply gradually decrease during and after the event. This could be the best time to buy a lot of Bitcoin before its price pumps high and it would be too late.

The positive looks of the market today are really fulfilling and people will expect a bullish trend rather than to think of a bearish one. But then, and in most cases that weak hand will still be struggling hard to protect their assets once, there are dumps happening around and could trigger them to sell immediately at no doubts.

Now, the risk of buying Bitcoin today is somewhat of higher risk as the price started to soar high. If you have that strong belief and trust towards Bitcoin, you're certainly be buying more but for those who are taking more precautions, they might not and may have to wait for the price to dump before investing.

[Questat]

Now, the risk of buying Bitcoin today is somewhat of higher risk as the price started to soar high. If you have that strong belief and trust towards Bitcoin, you're certainly be buying more but for those who are taking more precautions, they might not and may have to wait for the price to dump before investing.

The risk would not be high if you are willing to hold for longer term, bitcon already soar a big percentage since it started this year but there's still more room for growth, bitcoin is expected to rise due to the increasing demand so $20,000 is still quite a good target in 1 year time from now.

[Baoo]

I am pretty agree with what you have said OP, the volatility is a normally fact in the whole market, and we need to be careful before taking any decision especially in the worst situation ( big dip ). In addition to that,  it is really essential to learn from your failed experiences, that is one of the most important things in this domain, try to make a plan for each situation, and believe me, the ancidents are always happen, get ready for anything. Plus, panic sell is really widespread especially in newbies because they don't have that experience and knowledge.

[Oceat]

Now, the risk of buying Bitcoin today is somewhat of higher risk as the price started to soar high. If you have that strong belief and trust towards Bitcoin, you're certainly be buying more but for those who are taking more precautions, they might not and may have to wait for the price to dump before investing.

The risk would not be high if you are willing to hold for longer term, bitcon already soar a big percentage since it started this year but there's still more room for growth, bitcoin is expected to rise due to the increasing demand so $20,000 is still quite a good target in 1 year time from now.

That increasing demand pushes the traders to buy and sell due to the coming of Bitcoin halving but the real effect of it is not yet present. We must wait for the right time before bulk buying because the whales will eat up your investment in no time if you don't know what is happening in the market. Always minimize the risk to avoid some trouble when the whales start to move.

[jhonjhon]

if we already done a mistake on the past then we already know how to deal with this kind of market  or unless if you are a hard headed person that still love to do and repeat same mistake again and again  . speaking of mistake , its not a mistake to buy once you saw a drop on the price but its a mistake to sell once the prices are droping especially these days  .  its okay to consult others if your unsure about your decisions but that is risky because you wont know if they are telling the truth or not 

Doing the wrong thing or decision the first time is called a mistake but if you did it again then it isn’t a mistake anymore it is a choice. You already know it is a mistake why do it again right?. The simple role in bitcoin is buy low and sell high which means you buy when the price is lower and sell it if the price is higher than the price when you purchased it, sell when you think you can get profits from it.

[CHENIEN]

I agree that learning from the mistake will be important,its because we cannot predict our business fate on a daily basis ,as they say that experience is the best teacher.so if your profit today is too small you must do something else to prevent loss and stress and make your own market recovery,i mean you have to be wisely and careful because money is easy to find but it is easy lose in a flash and maybe you need to undergo some training for trading to avoid panic to buy and sell to the market.

[Barbut]

"Need to be more cautious than ever" is the same thing I seen 4 years ago when I joined crypto. People who are in for longer wrote about troubled times, that caution should be on the highest possible level. What's changed? As anyone can notice nothing except one thing, the crypto market worth more now than before, more money is in it, everything else is the same, the price still fluctuates, there are good and bad projects, people should be careful all the time!

[milewilda]

Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.

Easy to say but really hard to be done by someone who've been dealing with this market specially volatility is your main enemy.
You cant say that you wont be falling into Fuds or Fomos from time to time because even veterans do experience panic sell or massive buy
but somewhat our experience would really be helpful on how we do face up these circumstances.Being cautious is a must if you do like
to succeed into this market.

[South Park]

Indeed, now that the price of Bitcoin is slowly retaining its price above the $9,400, this could be a sign of the Bullish run everyone thinks of. As the days comes closer and closer to the month of the halving in may, we should keep on holding Bitcoin for the fact that its supply would be affected greatly by the event. The halving indicates a massive demand for Bitcoin as its supply gradually decrease during and after the event. This could be the best time to buy a lot of Bitcoin before its price pumps high and it would be too late.

This is why you need to be incredibly cautious, just today the price has gone down significantly and the past days have been terrible for anyone predicting that a bull run was coming, the market reached a price that was unsustainable and now we are seeing an important correction, to me the current price is close to what I would consider fair but I will not be surprised if it overcorrected as panic took control over the market during the next few days.