Need to be more cautious than ever

[Questat]

All the time we need to be cautious because the market until now is still being manipulated, the truth is only the smart investors will survive and make money in crypto but those who are weak and does not have enough knowledge, they'll easily make decision.

If they will not learn from their mistake, time will come they will leave the market will regret but for people who got matured here, they'll always see an opportunity in any market situation, bullish or bearish.

[1714058830]

1714058830

[Dr.Osh]

You're right, for now, I am very considering my decision before I sell or buy crypto assets. however, it could backfire for me. Until now, I have not sold the assets that I have. I am of the opinion that the price of bitcoin will rise to be higher than now. so for now, I am not selling assets, but I am thinking of a fast way to collect crypto assets before halving.

[ampere]

I think the most important adjectives is to be sure before investing,
If you know the worth of the product you invested in
No matter the the pressure or fud to sell. Your information will give u courage to hodl on to the green days

[snipie]

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.

People will never learn nor listen.
Passing from 5 digits to 4 digits price will make always people look crazy and think it is the end of the world and they should save themselves by selling even without a proper gain margin. There is also some people who bought bitcoin at +$13k and who lost any hope to get their back so selling just +$10k is better than nothing for them.
Personally I will keep holding until we will talk about satoshi/USD not bitcoin/USD 

[gweedo]

Investors are now much more mature. They no longer hold tokens and altcoins, they will be ready to sell them all if they receive 5-10% of the profits. And that is why it is very difficult for this market to grow as strongly as in 2017

[Ridwan Fauzi]

Everyone have their own prediction and they won't be same with your prediction. I mean, when they got profit then they will sell their asset, the won't take any risk to hold more. Buying and selling are common sense that will be happened, you have no right to force them.

That is the funniest thing when you says bull trap, how you say it when bitcoin pricr has traded on $9800-$10.000? And eth price has leaved $120 when this thing hasn't been happened. So, this is a bull run, maybe you just late to come to this place.

[el kaka22]

Honestly, this is such a right advice that I can feel it in my bones. I have been more scared of bitcoin recently than I ever was when it was around $3.5k and when it was around $7k, at those times I wasn't that scared because I knew that it went down as much as it can and that was the end of it, right now I feel like bitcoin could drop 30%+ and it wouldn't shock anyone at all, we are at a peak right now and not at a bottom which means that there is a huge chance it could drop off in price, when it hits bottom you know that there could potentially be a new bottom but that is a lesser risk than when its peaked and start to go down.

So right now, I am at the peak level of fear for bitcoin dropping at any moment which is why we should be more cautious than ever before in the past 2 years.

[Wysi]

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...

Now may be a good time to start scalping or trading with smaller amounts though since we may be around this resistance for a while and we may even fall back and not accelerate through.

Yes agreed, if we have already planned about when to trade and what amount it would be, with a backup plan as well then we will not be risking but unfortunately most of the user still make the wrong more in FOMO or panic as either they go with huge buy orders or else sell orders ending up in wrong side I wish everyone follows the precious suggestion which has been provided by yourself as taking it from smaller amount will be a good choice.

[minairia3]

Always remember the famous line. "Buy low sell high" most of the mistakes that have done by users are the fomoing when the market or the hype is kinda strong. Imagine the hype now that bitcoin will have its new ATH and even surpass the previous one after the block halving.

We should be more concern with the newbies rather than ourselves. We know how to adjust and there is no way to stop buying whenever we are in the dip. It is a great strategy and others are missing it.

It is likely that the people who are panic selling are reducing now because we eventually got back to $10,100.

I didnt even move any position even though its below 10k now. I think its up to someone emotion to handle negative asset state but for some reason, I understand them if they will resort to panic selling. Newbie have the means to fear as their experience isnt as broad as the old timers.

[Oasisman]

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.

Massive buying isn't a problem at all as long as you're comfortable with the purchasing price and patient enough to hold until target is reached. Even the experienced traders would be FOMOing sometimes, whenever there's a sign of a possible bull run.
Panic selling will always be a pain the a**. Quick sellers is either selling when the price is falling or when the price breaks the resistance level.
As you can see, decision making will always be a hard thing when you invest in crypto space.

[stomachgrowls]

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.

Massive buying isn't a problem at all as long as you're comfortable with the purchasing price and patient enough to hold until target is reached. Even the experienced traders would be FOMOing sometimes, whenever there's a sign of a possible bull run.
Panic selling will always be a pain the a**. Quick sellers is either selling when the price is falling or when the price breaks the resistance level.
As you can see, decision making will always be a hard thing when you invest in crypto space.

Actually, trying to identify a bull trap or bear trap is the hardest thing here on this space.We know that technical analysis doesnt have higher precision yet volatility can easily break it up on a blink of an eye.

Fomo'ing and Panic selling is always been part of this market and even how veteran you are you would still experience this kind of decision making.It wont be that easy thats why profitability

will really be different on each trader/investor because all matters on how you do able to sell off on the exact time and buy up on the right time.

[eaLiTy]

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.

[Ailurophile]

This should be shown to the new traders.
They are the ones who are easily falls into panic when the market suddenly moves
They could also easily be a victim of FUD and FOMO because of lack of information.

[Kelvinid]

We can't them either. Many holders become weak when they saw dumps in the market and immediately sell their coins. It happens several times and for sure it will happen again no matter how tried to give them advice and encouragement. Because in their mind, it is different from their thinkings and we can't actually hold them.

Letting them sell their Bitcoin is the only way to help them realize and find out that they are wrong about what they are doing. I know we don't want this thing to happen but that's the way it is and that's the sad reality.

[davis196]

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.

Learn from our mistakes?Well,it's easier said than done.I consider myself a moderately experienced crypto trader and I sold 0.1 BTC at 7K USD 4 months ago.I guess I was defeated by the panic selling syndrome,because I was expecting the price to drop below 7K USD.Now I'm 1000% HODLing all my bitcoins until the summer.Consulting with "fellow peers" doesn't guarantee that I will make better trading decisions.
Let's hope that the price will be slightly above 12K USD after the BTC halving.

[1Referee]

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.

I think you need to choose different areas at which you place your stop loss then. I haven't run into problems myself where my stop losses are triggered easily. Not using a stop loss isn't a smart thing to do because proper risk management is key in any market, even when you think the market will recover.

Another important aspect of trading is that your opinion is meaningless in markets, all that matters is what the charts tell you, and that's what you should be focusing on. I have seen a lot of people trade their opinion and lose everything in a fairly short period of time.

I let my opinion get the better of me back in 2018 and I paid the price for it. The damage wasn't big, but still, it was a mistake I could have avoided easily by going with the charts instead of my overly bullish opinion.

[Google+]

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.

Learn from our mistakes?Well,it's easier said than done.I consider myself a moderately experienced crypto trader and I sold 0.1 BTC at 7K USD 4 months ago.I guess I was defeated by the panic selling syndrome,because I was expecting the price to drop below 7K USD.Now I'm 1000% HODLing all my bitcoins until the summer.Consulting with "fellow peers" doesn't guarantee that I will make better trading decisions.
Let's hope that the price will be slightly above 12K USD after the BTC halving.

at this time if you still keep all the assets in the form of bitcoin with a very large amount then you can potentially get a lot of profit when halving that will happen in the next few months, do not miss the opportunity and still hold your assets do not be easily influenced by anything because there are many have been affected by bad news and so on and ended up losing money.

[Meowth05]

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.

Fluctuations are quite normal, I think that everyone has learned that so far. Buz I guess there are always some who fall under influence and make reckless decisions. Panic selling happens every time when price starts falling and despite all information about volatility, market and how whole crypto system is functioning but some will never learn or they just can't control their emotions and make decisions with cool head.

Very well said. No matter what we do we can't change the fact that people do still fall under this circumstances. Admit it to ourselves that even if we the persons who already have an experience in this community still fall for these panic selling. In crypto, it is tough to read the movement of the market thus we can only vaguely tell if it is the right time to sell or buy, it is hard to make decisions out from this kind of market, this requires an intense research for you to able to improve the outcome.

[buwaytress]

People will never learn nor listen.
Passing from 5 digits to 4 digits price will make always people look crazy and think it is the end of the world and they should save themselves by selling even without a proper gain margin. There is also some people who bought bitcoin at +$13k and who lost any hope to get their back so selling just +$10k is better than nothing for them.
Personally I will keep holding until we will talk about satoshi/USD not bitcoin/USD 

It's funny sometimes when I look at myself and continue to redefine for my brain what looks crazy. All I need to do is step outside of my Bitcoin circle and talk to my own partner (who works in traditional finance no less) to realise even the most subtle things I talk about seem completely ridiculous to her. I guess it's all relative, and the yardstick is in all sizes at the end of the day. Only one rule remains for me. I spread my risk. Not all in on crypto. And whatever I CAN afford to lose in it.

[shoreno]

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