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Author Topic: Chasing the bull run  (Read 248 times)
bitgolden
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May 04, 2020, 05:49:49 PM
 #21

People do put in a lot of money into stocks because a lot of people got free money during this period. If there was no give always from the government they wouldn't do this kind of stuff at all, however since they got free money, if you do not really need it, what else are you going to do with it? Some people really need it and spend it to survive, some people do not need it so they spend it on new phones or tv's and all that stuff, and some people are smart and not need it so they spend it on stocks.

When we are talking about a 2 trillion give away from the government, it is obvious that some of it will go to stocks. Plus, there must have been a lot of rich people who just thought there is no way they are going to pass up on that price and just went hard on stocks as well.

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May 04, 2020, 10:58:26 PM
 #22

When we are talking about a 2 trillion give away from the government, it is obvious that some of it will go to stocks. Plus, there must have been a lot of rich people who just thought there is no way they are going to pass up on that price and just went hard on stocks as well.
They are bailing out the stocks too, because if the stocks looks bad, it's a mirror and people will think that the economy looks bad.
I don't know if we can still trust them, they even say that they will never ran out of cash and that statement alone could cause some worries to those who really understand the financial system and how it works. We will not feel it now but in the future this will all slowly reflect to our economy which people will pay for this, so I guess investing now in crypto or in bitcoin particularly is a good strategy to hedge the fall of fiat.

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May 05, 2020, 01:32:52 AM
 #23

During the period bitcoin flash crash to about $3,500, I had not enough money then because of family needs I needed to meet. Currently what I do is to chase the bull run, when bitcoin drops momentarily, I know people are taking profit, I buy and wait for upward trend to sell. With this strategy howbeit risky, I made more than 60% profit for a newbie friend trading DGB.

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May 05, 2020, 02:33:10 AM
 #24

Usually, many new investors will jump into the market when the prices started to move high and that probably because they are thinking that it is a continuous movement. I supposed to think that also before but knowing the volatility and unpredictable market I have to step down.  
And that was unfortunate enough that these newcomers have usually fallen into the bull trap. Then I have to give hope that they could realize it before sundown because I'm afraid if FOMO might start.
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May 05, 2020, 05:35:57 AM
 #25

Usually, many new investors will jump into the market when the prices started to move high and that probably because they are thinking that it is a continuous movement. I supposed to think that also before but knowing the volatility and unpredictable market I have to step down. 
And that was unfortunate enough that these newcomers have usually fallen into the bull trap. Then I have to give hope that they could realize it before sundown because I'm afraid if FOMO might start.
Once a new spike in the market price happens, everyone will already expect that bull run will next to happen and that market price will continue to surge. But there is no guarantee that this will really happen because a new bull trap may occur instead of bull run. So it would still be  a good move if you start buying at a dip price and sell it when the price is already high.

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May 05, 2020, 08:06:03 AM
 #26

These runs tend to change directions suddenly, so it's always best to plan ahead before making a rush decision when you see a growth on the market. Either way use of some tools like investing.com makes you be able to see ahead and base your decisions on the data analysis.

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May 05, 2020, 06:11:01 PM
 #27

I had used this strategy and the only problem I face was that it backfires when the price drop considerably. It affect the ETHbull I was trading and my profit drop hard. Since then I have not been able to recover and I'm hoping the halving makes the price to go wide and I'm in profit again
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May 05, 2020, 06:50:51 PM
 #28

Chasing the bull run can lead you to get trapped by manipulations. Cheesy

So its always good to go for the better over the fastest, you may get returns 7/10 while following this strategy but the remaining 3 is still dangerous which might result into complete loss of your capital.









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May 05, 2020, 07:00:12 PM
 #29

Usually, many new investors will jump into the market when the prices started to move high and that probably because they are thinking that it is a continuous movement. I supposed to think that also before but knowing the volatility and unpredictable market I have to step down. 
And that was unfortunate enough that these newcomers have usually fallen into the bull trap. Then I have to give hope that they could realize it before sundown because I'm afraid if FOMO might start.
Once a new spike in the market price happens, everyone will already expect that bull run will next to happen and that market price will continue to surge. But there is no guarantee that this will really happen because a new bull trap may occur instead of bull run. So it would still be  a good move if you start buying at a dip price and sell it when the price is already high.
It is uncertain whether this spike will surprise or not because until now bitcoin is still stuck at $ 9,000 and it is usually already a high spike after reaching the halving target again.
I think volatility is still high but still there is no change but I buy a little from now and will wait for the next week how will the reaction later if this will surprise us? FOMO is not a problem for me at this time because my prediction is strong at halving.

R


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May 05, 2020, 07:16:10 PM
 #30

What I always say to those who called themselves expert in trade, many of these categories are  those who chase after bullrun. The bullrun always come with new investors and mano these investors are the ones use for the sacrifice (dumping ground) during the season of the bullrun. Although, some traders act on a short-term holdings when the bullrun is activated because of the fear of the unknown. So, chasing after bullrun has it negative part on new investors. I have noticed that, after bullrun many are left with coins while the price get dumped.

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May 05, 2020, 08:06:39 PM
 #31


What did you think of this strategy?

To be honest, the market haven't seen any tangible bull run since the last ones that happened in 2017/2018. So basically, anyone that is using this strategy is subjected to a hige loss and account burn. The market is highly unpredictable and in bearish condition like this, fomoing on a coin is a bad thing to do. The fact still remains and it's still working, buy the rumour, sell the news
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May 06, 2020, 12:29:14 AM
 #32

What i am afraid of is that "reversal" you are saying. Sometimes, when we chase the peak the other way or the opposite way goes around and that will make us being deficit at the end. But yeah we can try that strategy since we still have one option if reversal happens. And that is to hold.
 
 We need strong technical analysis. Chasing the bull run wis a tricjy strategy and we can't really say if it's really a bull or a bull trap.
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May 06, 2020, 09:00:00 AM
 #33

We need strong technical analysis. Chasing the bull run wis a tricjy strategy and we can't really say if it's really a bull or a bull trap.
I consider it to be a form of trading, sort of like a reverse shorting of the market.
And to trade using any strategy one needs good technical and fundamental analysis of the market in order to read it's movement and each also comes with its fair share of risks and would surely not work every time. Make sure to use the basics of trading:
•Practice, do not dabble into it.
•Invest what you can afford to lose.
•Manage your capital.



This topic has been extensively discussed, so I'll be locking it now to prevent hackneyed replies. I may bump it in the future if any new info pops up. Thanks for all the contributions.

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