Need to be more cautious than ever

[inanilujimi]

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

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[bhabygrim]

We should have done this right from the very start but I guess there isn't something like being too late in crypto.
It would always be better safe than sorry so we should really be more cautious than ever,
We have experience the rapid price increase in 2017 and also the rapid downfall of 2018 so we should be more cautious right now that there are more people who are trying to create FUD and FOMO.

[samcrypto]

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.

That's right because as an investors we should know when to go and when to stop, the market is not just about taking profit always, sometimes cutting our losses is the best decision. Be cautious always, if you don't know what to do then better to study and know how to trade and invest properly. People with a lot of greed and only focus on the possible profit are on a higher risk, invest on yourself as well and know how to be more responsible.

[STT]

Its looking pretty dam shaky, I want to know if the current prices will form to be a ceiling or we can recover above them.   It is possible its begun a quite aggressive negative trend



Previous on the left it turned into a bit of support but its below that trend at the moment.   Aggressive targets to downside are 7500 area or lows of late last year.

[flyer88]

We should have done this right from the very start but I guess there isn't something like being too late in crypto.
It would always be better safe than sorry so we should really be more cautious than ever,
We have experience the rapid price increase in 2017 and also the rapid downfall of 2018 so we should be more cautious right now that there are more people who are trying to create FUD and FOMO.

Seeing the fall in prices like this time of course we must be vigilant if you want to buy, maybe prices will continue to plummet in the next few days. But some people just make this a good opportunity to buy lots of potential coins as their long-term investment. All choices are up to you, but I think now is not the right time to sell your coins.

[lienfaye]

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.

Indeed we should learn from our past experience and think deeply what could be the best move to gain profit. But sometimes even we already experience losing our capital due to wrong decision we tend to forget it and again taking the risk hoping this is the right thing to do.

Each of us has different way of thinking and we can't coerce anyone to do the same just because we thought we are right. It's just shows that we have different strategy and belief on how the market will perform.

[michellee]

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

[CaVO32]

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

we have been in up and down movement so many times. but here we are, we are still here believing in bitcoin. but of course if you are in tight spot right now when it comes to investment, you really have to be cautious where you will invest. or ask yourself, if it is time to invest in alts or just stick to few top crypto like btc. and by now, we know that investing in crypto comes at high risk, so whatever you decide at the end of the day, you should have contingencies afterwards. else, you will be trap and will make decisions that will further ruin your financial situation.

[Oasisman]

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

What do you mean words and action? I assume you mean the predictions "sometimes" don't coincide the outcome. Well, most of the time predictions doesn't meet the expectation. Not "sometimes", but "most of the time".
Why dont you want to get out of the market when the price is declining? Imho, that's the perfect time to get in and buy more while the price are still low. Then get out when the price target is reached.

[KTChampions]

Its looking pretty dam shaky, I want to know if the current prices will form to be a ceiling or we can recover above them.   It is possible its begun a quite aggressive negative trend

https://i.imgur.com/NJgSoS6.png

Previous on the left it turned into a bit of support but its below that trend at the moment.   Aggressive targets to downside are 7500 area or lows of late last year.

Negative phenomena in the economy greatly affect the crypto. If countries do not start massively introducing QE analogues to support an economy suffering from coronavirus, then we will fall much lower than these levels. Maybe to 4000-5000.

[dragonvslinux]

Buy when others are fearful.

[Ridwan Fauzi]

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.

panic selling is also very important friend, don't only look at it from one point of view, but more than one, if you don't sell it then you can also get caught up, and one surefire way you take it is HOLD, it doesn't matter if you sell it right, even if you have a loss

As far as I know, the trader will never have any strategy which is namely panic selling. They will know the price will up and down based on their prediction. I mean, when they knos that in a few time a head a coin price will go down then he will put the price to buy.

So, I assume that panic selling is for those who didn't know the prediction or they only make a decision to buy and sell based on their lust and was tempting with the movement price. And it is negative thing if my perspective so as much as possible I should be a able to avoid it.

[KTChampions]

Buy when others are fearful.

https://alternative.me/crypto/fear-and-greed-index.png

As Rothschild said: "Buy when there's blood in the streets, even if the blood is your own." But most likely he did not mean margin trading, but conservative investments during the crisis. Given the fact that the crisis is just starting to buy too early.

[ice098]

If we're still making same mistakes just like before, nothing will change but frustrations will happen again and again. You won't improve within yourself, because you let the past dominates over you. Let all the worries and hesitations gone away, and start all in scratch then move on a new way of life then set all certain plans according to previous bad experiences.
Consider it as your warning and prevent any sorts of panic overpower your decisions, always let your best skills prevail instead of seeking others opinion.

[TIDOVEE]

Thank you, I don't think there is anyone here who was here at the 2017 period, who Should have not learnt one lesson or another. It's about 3 years now. And any one then should be 3years older in cryptocurrency. It's not a small period of experience. So, we should be good advisers to ourselves and those who are just coming in. Though we can't stop learning. The issue of when to sell and buy still however depends on individual motive. Some wouldn't mind to loose now because the are ready to consciously bear the loss, to meet up other fains.

[sunsilk]

If we're still making same mistakes just like before, nothing will change but frustrations will happen again and again. You won't improve within yourself, because you let the past dominates over you.

Yeah, correcting the past mistake is the best thing to do right now. If you have been buying at the top then why not reverse it and start buying while it's at the bottom. And as we can see, the market isn't that high and it's not on the peak.

Meaning, that if we're even buying at the top for the past few years or with your past experience then why not try to buy when the price of bitcoin is way cheaper as it is right now?

[Ethereums]

This is where people get rekt for selling since the price keeps falling. But at the moment, someone trying to take the chance since he knows there will be a bottom for this situation. My friend told me this is the chance to buy at low, but i still not convinced and still waiting for the best price at 7k actually. Maybe just my personal analyst that made me keep sane at the bay right now. I can't afford to lose my saving if i buy at this price level since many bear still lurking if u watch the price movement.
For this level right now which at 8K level , price still on sideways moment. My speculation there will be big movement again in 2-3 days, and there will be raise or falling deeper to 7K which already mentioned before. I hope my analyst goes wrong since many of my friends keep buying at this level which they think already cheap if they took 10K before as last top level.
Well, i couldn't agree more if they think like that...

[South Park]

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

We are seeing an important recovery in the market, after reaching 8400 the price has recovered more than 400 dollars which is a good sign, however I do not really believe the market is going to keep going up, the panic for the coronavirus is spreading around the world so most investors are nervous about investing in a speculative asset like bitcoin, so most likely we are going to get to the halving at a price close to what we are seeing now, however there is also the possibility the price goes down before the halving just as it has happened during the previous halvings.

[Hippocrypto]

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

We are seeing an important recovery in the market, after reaching 8400 the price has recovered more than 400 dollars which is a good sign, however I do not really believe the market is going to keep going up, the panic for the coronavirus is spreading around the world so most investors are nervous about investing in a speculative asset like bitcoin, so most likely we are going to get to the halving at a price close to what we are seeing now, however there is also the possibility the price goes down before the halving just as it has happened during the previous halvings.

That percentage of price recovery earned a huge impact to holders who've been patiently halting their selling. They've been facing several struggles in life, but still kept choosing to stay focus on their principles to develop an assurance in order to fulfill each and every goals. Price will goes up and down, as part of volatile market so fluctuations could be visible at all times.

[KTChampions]

https://i.imgur.com/NJgSoS6.png

This is where people get rekt for selling since the price keeps falling. But at the moment, someone trying to take the chance since he knows there will be a bottom for this situation. My friend told me this is the chance to buy at low, but i still not convinced and still waiting for the best price at 7k actually. Maybe just my personal analyst that made me keep sane at the bay right now. I can't afford to lose my saving if i buy at this price level since many bear still lurking if u watch the price movement.
For this level right now which at 8K level , price still on sideways moment. My speculation there will be big movement again in 2-3 days, and there will be raise or falling deeper to 7K which already mentioned before. I hope my analyst goes wrong since many of my friends keep buying at this level which they think already cheap if they took 10K before as last top level.
Well, i couldn't agree more if they think like that...

The fall did not happen. The growth that we have seen since the writing of your post has already been “closed” by your forecast or is there still uncertainty? I (like many others) expected this day to open with a decrease in cryptocurrency prices and was very surprised by what happened.