Do not follow every market wave

[michellee]

It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.

One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all. 

When you don't have the skills to analyze the market situations, and you follow the trade without any info, then you might not make any profit because, at that time, you will lose your funds shortly. That will make you have an emotional feeling which can make you want to recover the loss by following wherever the market goes without analyzing. You always need to analyze the market before you trade, so you know when the time to enter the market, and you will know how much you should buy.

[pikkie]

It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.

One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all. 

When you don't have the skills to analyze the market situations, and you follow the trade without any info, then you might not make any profit because, at that time, you will lose your funds shortly. That will make you have an emotional feeling which can make you want to recover the loss by following wherever the market goes without analyzing. You always need to analyze the market before you trade, so you know when the time to enter the market, and you will know how much you should buy.

well, I totally agree with what you say because the current price movement of cryptocurrency in exchange is difficult to predict at least it must be able to control patience and not be easily influenced by any bad news that can make prices fall and as much as possible not to sell at cheap prices from when you bought.

[Ifemini]

You are right no doubt but there is something they call FOMO (fear of missing out) that comes into your mind when you are in the market. It might actually never come back to the price you are seeing it.

Fomo is a very big tool that you need to have under control.
If you understand how the crypto currency market works, and you conduct your research properly, you will usually always have the rumours even before the news come out to fomo or fud others.

Understand the basics of crypto currency trading and fomo or fud would be a thing of the past for you

[kindbtc]

Yeah entering daily in hope that market will go in the direction of your trade is not a good idea especially in crypto market where top coins are deflationary in nature so longterm hodl works the best, unnecessary day trading or scalping can put you in a trap and you can miss out on big bullish moves of top coins so stay in the top coins and not fiat.

[Ifemini]

You are right no doubt but there is something they call FOMO (fear of missing out) that comes into your mind when you are in the market. It might actually never come back to the price you are seeing it.

Neutrally in trading, there is a saying that a token that rises so high in price and value will definitely come back down, perhaps the token can be strong enough to not crash down back.

Even bitcoin went as high as 20,000 and still came down, this is why you cannot just follow every waves and assume, you need to follow the steadiness and steadfastness too. Always do your own research

[Mealea]

What an insight. I love this because it is the reality. We must learn to stick to one in order not to loose out on all. Surely, bear will come and bull will come whichever way we choose to go. So, why don't we just stick to one.

[Review Master]

You are right no doubt but there is something they call FOMO (fear of missing out) that comes into your mind when you are in the market. It might actually never come back to the price you are seeing it.

Fomo is a very big tool that you need to have under control.

All of your thoughts are right but we can't control fomo. Either, we need to understand it because it's not like a TA (Technical Analysis) or FA (Fundamental Analysis). So we always need to cross-check anythings and must be a well-educated about crypto-currency/trading, the news is true or just a fud like you said .

[MikeyVeez]

There are two types of people. Those who want quick money, those buy in the hype and then sell in the lose at the end. And those who buy, hold it on a wallet, come back after few years and enjoy the money. Isn´t a second option much more easier? But it requires a time.

[gundala]

There are two types of people. Those who want quick money, those buy in the hype and then sell in the lose at the end. And those who buy, hold it on a wallet, come back after few years and enjoy the money. Isn´t a second option much more easier? But it requires a time.

The first choice is not entirely bad, the conditions must understand market analysis techniques. If the orientation is to get instant profits without wanting to learn this ecosystem, all we get is loss.
The second way is good, but we also have to understand when the right time to return.

Basically we have to understand the technical analysis of the market, whether for the short term or the long term. That analysis affects our decision to choose buy, sell, or hold. If you do not have that ability, your confidence will decrease, so you are easily influenced by people's opinions, FOMO.

[makishart]

You are right no doubt but there is something they call FOMO (fear of missing out) that comes into your mind when you are in the market. It might actually never come back to the price you are seeing it.

Fomo is a very big tool that you need to have under control.

All of your thoughts are right but we can't control fomo. Either, we need to understand it because it's not like a TA (Technical Analysis) or FA (Fundamental Analysis). So we always need to cross-check anythings and must be a well-educated about crypto-currency/trading, the news is true or just a fud like you said .

Ethershift has already dumped more than 50% from its weekly ATH and that has already proven if FOMO will be running until the whale who pumping it will be feeling bored with the market. You can't control FOMO but you can short it.

[ahyadinnn]

There are two types of people. Those who want quick money, those buy in the hype and then sell in the lose at the end. And those who buy, hold it on a wallet, come back after few years and enjoy the money. Isn´t a second option much more easier? But it requires a time.

true, it takes 1-2 years to see the results of the coins that we hold, and it is indeed easy but we also have to choose the right coin to hold for a long time, that's also what I do for now, need enough patience high to get results

[Ifemini]

There are two types of people. Those who want quick money, those buy in the hype and then sell in the lose at the end. And those who buy, hold it on a wallet, come back after few years and enjoy the money. Isn´t a second option much more easier? But it requires a time.

The truth is what you have stated here, and this is why we must always remind our neighbors, newbies about the principles of trading,
It is never a get rich quick scheme, and it is not a joke either.

Never second guess, dyor and follow the market trends positively.

[republicrypto]

the most important thing is we should follow the trend when we trade in the market and do not fight the market
trend is your friend buddy
regards

[Kiefner]

Yes you are right. While you are learning to trade, it will be useful for you to follow each wave of the market in order to learn how to trade and gain experience. But then, when you will have a strategy, you must stick to it, learn self-discipline and not make more transactions than necessary.

[Utoy101]

It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.

Your point is valid, a friend of mine messaged me today asking if it is safe to invest in cryptocurrency now and my reply goes as follow; One thing is sure in crypto market.... It will always go up and will surely come down overtime.... The real deal is how long will u be willing to keep the investment locked away. I think the more people understand this fact, it will really help them from trading traumas

[24Kt]

Yes you are right. While you are learning to trade, it will be useful for you to follow each wave of the market in order to learn how to trade and gain experience. But then, when you will have a strategy, you must stick to it, learn self-discipline and not make more transactions than necessary.

Yes, there's nothing wrong to follow every market wave but you should know how to handle yourself in this market. You should stick to your plans and not be influence by what others are saying. Your life will be a mess if you will read and follow the suggestions of others. Just keep track your trading motto here, buy low sell high.

[Cidonaz]

The most important thing is not to follow the market wave on its end. So if you see that it's bottom of the price, don't sell your coins. On the opposite, if you find out that some coin went up rapidly, don't buy it. I think it's still extremely important info for newcomers

[bittick]

There are two types of people. Those who want quick money, those buy in the hype and then sell in the lose at the end. And those who buy, hold it on a wallet, come back after few years and enjoy the money. Isn´t a second option much more easier? But it requires a time.

It's not consider about there are so many old holders even losing their money due to the dump that happened before. It's better to give a limit when we have been getting decent profit from the market and just sell it for stable coin or bitcoin to re-invest again for the next time.

[alisonwonder]

There are two types of people. Those who want quick money, those buy in the hype and then sell in the lose at the end. And those who buy, hold it on a wallet, come back after few years and enjoy the money. Isn´t a second option much more easier? But it requires a time.

It's not consider about there are so many old holders even losing their money due to the dump that happened before. It's better to give a limit when we have been getting decent profit from the market and just sell it for stable coin or bitcoin to re-invest again for the next time.

I think investors who are trapped in high prices are better to choose the way to keep waiting until the price rises again because when you sell assets at a low price will only provide losses while if re-investing will not provide a profit guarantee, it's better to keep waiting until prices go back up.

[HunterUnchained]

Unfortunately, I learnt this the hard way but lost a whole lot before I realized it was the wrong way to trade. I thought I was wise at the time until got caught in between trades and ended up losing a lot of money. Some of these market waves and price reactions are mostly whales playing with the prices and influencing the market. You might be thinking your analysis has properly made it only to be shown another side of the market by whales. One has to be really careful when trading the crypto market as it is full of extreme manipulation.