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[dunfida]

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

I'll go with this and I agree with it.

Central banks are printing money as they want too already causing their currency to go down. Investors want to hedge their money that is why they are investing some of it into Bitcoin hence the price of Bitcoin increased this past few days. Not sure though if this is what the investors are doing. They are using Bitcoin for hedging.

Most likely but we cant really give out or can point our fingers that  this is the actual reason on why crypto market is rising up.If it do really talk about Bitcoin been used for hedging
then so be it yet everyone can really enter out the market and money can flow or do came from everywhere so it isnt really that kind of surprising thing to talk on.
About sharp increase then decrease in price matter? Its always been a typical stuff neither its a normal kind of movement or even on a manipulative like.

[Ridwan Fauzi]

Just after two months, we get to see bitcoin $11,000 and then goes $12,00 then with a little correction back to $11,000. We're on the right path but just as I've said a few months ago.
I took some profits just to have some cash on hand but it doesn't mean I'll be giving up holding bitcoin. The favor is within us.

Bitcoin's chart has formed a triangle pattern with $12.000 as a support. Broke this line it could increase sharply and touch another new all time high at this year.

You have a good choice dude, don't be greedy when you have got profit you have to take some the profit and hold some for the next hope. I get used to withdraw per week, no matter how much it is clearly I must withdraw the profit that I got.

[justdimin]

I think the market doesn't react as we all expected. If it did we should be trading around the $15k price value by now. No negative news just positive vibes yet no much improvement (to my expectations) and when the negative ones do occurs it give more exposure to bitcoin instead of damaging the images like the twitter hack. We saw more of price appreciate instead of depreciation as most were anticipating. The market is getting more matured, careless of news this days.

The price stability just goes to show how much of a support the market is getting lately. I think more and more enthusiast are getting the big picture of investing for the future by holding instead of constantly putting their funds at risk by trying to outsmart the market.

That is the key thing here, if it "breaks above" this level it could totally go to a new high very soon, however what is the chance that it breaks above this level is the real question. What happens if it goes down to $8k instead of breaking over? That is still a possibility if someone sells their coins and if they are whale, so we should not get our hopes up that quickly.

Moreover I am sensing that bitcoin is at a very fragile place, it could break down or go up at any moment and right now it all depends on one move and that one move could be triggered by someone super rich, the moment that happens we are all richer or poorer.

Honestly, just one rich person making a 2-3% move to bitcoin could cause it to spiral out of control by the followers and suddenly be $20k or $5k.

[7788bitcoin]

I think the market doesn't react as we all expected. If it did we should be trading around the $15k price value by now. No negative news just positive vibes yet no much improvement (to my expectations) and when the negative ones do occurs it give more exposure to bitcoin instead of damaging the images like the twitter hack. We saw more of price appreciate instead of depreciation as most were anticipating. The market is getting more matured, careless of news this days.

I would like to know why the price is not up to the mark of $15k according to you, we are undergoing a pandemic and you think that the economy of a country is struggling and you think it is not a negative aspect and to be frank i am surprised that the market is getting stronger when the economy is struggling globally.

The price stability just goes to show how much of a support the market is getting lately. I think more and more enthusiast are getting the big picture of investing for the future by holding instead of constantly putting their funds at risk by trying to outsmart the market.

The support in the market is not by bitcoin or cryptocurrency enthusiast but it comes from big financial institutions who understands the market and investing in the market to profit from it and i can bet that all these investment will drain out in the near future.

[davinchi]

Yeah the overall peoples profit and individual profits always collide with each other unless you work together and that is rarely the case since we all use exchanges and trade with people we do not know. For example, if I buy from $6k and when it peaks at $12k I double my profit but at that moment I want to sell and take out my profit, that is individual profiting and I find it quite alright, however when I sell someone has to buy and when that person buys there could be a lot of people like me who sell which would drop the price. So, what happened? Overall profit of the market dropped while I individually made a profit.

Hence, I think there is nothing wrong with making profit just for yourself while market loses money but at least you should be aware of what you are doing to the market.

[bitbunnny]

If bitcoin pops to $10700 as swaystars prediction, I'll just follow his move and will get some profits at that level. And if it plummets to $9000, I'll push and use those profits.
It's going to be another roller coaster for sure.

Just after two months, we get to see bitcoin $11,000 and then goes $12,00 then with a little correction back to $11,000. We're on the right path but just as I've said a few months ago.
I took some profits just to have some cash on hand but it doesn't mean I'll be giving up holding bitcoin. The favor is within us.

Despite this favourable period I haven't sold my coins. I beleive this is not the peak yet and although it might not come this year I continue to hold. Now we are having slight correction that was expected to my opinion and after that the rise might not be sharp anymore but on long term holding is profitable.

[maydna]

It's not greed to take profit along the way, everyone of us here has an entry and exit point how much profit we want to take but even if you are a short term trader you should have funds allocated for long term profit, because long term is where we got the most profit and it's proven.

But not all trader have an entry and exit point, especially with the exit point because many of us will hold for more when the price increase higher. Some of us want to make a bigger profit, so we hold bitcoin for a while until the price can increase more. If that is what we do, we will not make a nice profit, but we will get a small profit. We forget about our target sell price because we want to make a bigger profit, which is not always we can get. It's better to profit while we can than to lose the chance to sell at a high price.

[KnightElite]

It's not greed to take profit along the way, everyone of us here has an entry and exit point how much profit we want to take but even if you are a short term trader you should have funds allocated for long term profit, because long term is where we got the most profit and it's proven.

But not all trader have an entry and exit point, especially with the exit point because many of us will hold for more when the price increase higher. Some of us want to make a bigger profit, so we hold bitcoin for a while until the price can increase more. If that is what we do, we will not make a nice profit, but we will get a small profit. We forget about our target sell price because we want to make a bigger profit, which is not always we can get. It's better to profit while we can than to lose the chance to sell at a high price.

There is a misconception in terms of using the HODL as strategy wherein a lot of people thinks that this strategy is the best way to earn money. Actually it is not the best way because it is not applicable in all kinds of trends and it is only applicable in uptrend. People who doing this are most likely doesn't have enough knowledge about market but it is not important after all because what is important if that strategy is suitable for us. HODL doesn't mean that you will hold it even if the trends showing weakness, there is a misconception because it requires strategic planning where you need to know the exit and entry point especially if you want to have high winning rate.

[carlisle1]

It's not greed to take profit along the way, everyone of us here has an entry and exit point how much profit we want to take but even if you are a short term trader you should have funds allocated for long term profit, because long term is where we got the most profit and it's proven.

But not all trader have an entry and exit point, especially with the exit point because many of us will hold for more when the price increase higher.

because you are not pointing for a day trader mate instead what you are talking about here are those chance trader that can afford to keep holding and not relying for daily income this is different from day trader.

Some of us want to make a bigger profit, so we hold bitcoin for a while until the price can increase more. If that is what we do, we will not make a nice profit, but we will get a small profit.

actually This is Semi long term holding mate,when a person can wait for a week or month waiting for what amount he wanted to sell.

We forget about our target sell price because we want to make a bigger profit, which is not always we can get. It's better to profit while we can than to lose the chance to sell at a high price.

when i am still trading i am not looking for being greed instead i am contented in at least gaining 5% for a day.
because for me?it is enough to gain small than losing at all.

[el kaka22]

It's not greed to take profit along the way, everyone of us here has an entry and exit point how much profit we want to take but even if you are a short term trader you should have funds allocated for long term profit, because long term is where we got the most profit and it's proven.

But not all trader have an entry and exit point, especially with the exit point because many of us will hold for more when the price increase higher. Some of us want to make a bigger profit, so we hold bitcoin for a while until the price can increase more. If that is what we do, we will not make a nice profit, but we will get a small profit. We forget about our target sell price because we want to make a bigger profit, which is not always we can get. It's better to profit while we can than to lose the chance to sell at a high price.

There is a misconception in terms of using the HODL as strategy wherein a lot of people thinks that this strategy is the best way to earn money. Actually it is not the best way because it is not applicable in all kinds of trends and it is only applicable in uptrend. People who doing this are most likely doesn't have enough knowledge about market but it is not important after all because what is important if that strategy is suitable for us. HODL doesn't mean that you will hold it even if the trends showing weakness, there is a misconception because it requires strategic planning where you need to know the exit and entry point especially if you want to have high winning rate.

Traders do have an entry and exit points, investors don't. An investor goes into bitcoin not thinking about how much he will make today or tomorrow, an investor joins because they think about the future and what it will be in the distant future, so if it becomes $5k today or $20k tomorrow it doesn't matter to them because all they care about is the future and the moves we have right now doesn't really reflect into well into future, it reflects on the short term.

Hence I think any trader should be careful about what they are doing, without those people the daily changes wouldn't happen, bitcoin would be boring and all these volatile movements wouldn't happen, traders are the ones who make it possible for bitcoin to stay active and get all the attention from the world.

[maydna]

~snip~

There is a misconception in terms of using the HODL as strategy wherein a lot of people thinks that this strategy is the best way to earn money. Actually it is not the best way because it is not applicable in all kinds of trends and it is only applicable in uptrend. People who doing this are most likely doesn't have enough knowledge about market but it is not important after all because what is important if that strategy is suitable for us. HODL doesn't mean that you will hold it even if the trends showing weakness, there is a misconception because it requires strategic planning where you need to know the exit and entry point especially if you want to have high winning rate.

That will depend on what people think about HOLD itself because I am sure that some people hold their coin because of being forced from the situations of the bearish market, or they have a target price to sell. HOLD can become a strategy if we have the entry and exit point so that we can act based on the market situations, and if the price can touch the target price that we want, we will sell it at that time. Each people will have a strategy for holding their coins, and they will sell the coins if the price touches the high price, that is for sure.

It's not greed to take profit along the way, everyone of us here has an entry and exit point how much profit we want to take but even if you are a short term trader you should have funds allocated for long term profit, because long term is where we got the most profit and it's proven.

But not all trader have an entry and exit point, especially with the exit point because many of us will hold for more when the price increase higher.

because you are not pointing for a day trader mate instead what you are talking about here are those chance trader that can afford to keep holding and not relying for daily income this is different from day trader.

Day trader still have the entry and exit point because they calculate how much differences of the price that they can see to sell the coin, so they can make a profit. No matter if he is a day trader, holder, or normal trader, the entry and exit point will be an important point in trading.

Some of us want to make a bigger profit, so we hold bitcoin for a while until the price can increase more. If that is what we do, we will not make a nice profit, but we will get a small profit.

actually This is Semi long term holding mate,when a person can wait for a week or month waiting for what amount he wanted to sell.

Semi or medium holding will not be a problem as he can make a profit. But I prefer to get a little profit if the market moves not good, but I can trade over and over.

We forget about our target sell price because we want to make a bigger profit, which is not always we can get. It's better to profit while we can than to lose the chance to sell at a high price.

when i am still trading i am not looking for being greed instead i am contented in at least gaining 5% for a day.
because for me?it is enough to gain small than losing at all.

You are right. I am searching for a small profit if I don't have a chance to make a big profit. I think if we can get that profit over and over, we will make more profit.

[carlisle1]

when i am still trading i am not looking for being greed instead i am contented in at least gaining 5% for a day.
because for me?it is enough to gain small than losing at all.

You are right. I am searching for a small profit if I don't have a chance to make a big profit. I think if we can get that profit over and over, we will make more profit.

exactly mate and we don't have to be greedy to earn because the eager you want to earn big is the danger coming in our ways.

we have been in this market for years and our experience telling us whats the right thing to do,it is better to earn smaller than lose in big expectations.

If bitcoin pops to $10700 as swaystars prediction, I'll just follow his move and will get some profits at that level. And if it plummets to $9000, I'll push and use those profits.
It's going to be another roller coaster for sure.

Just after two months, we get to see bitcoin $11,000 and then goes $12,00 then with a little correction back to $11,000. We're on the right path but just as I've said a few months ago.
I took some profits just to have some cash on hand but it doesn't mean I'll be giving up holding bitcoin. The favor is within us.

Looks like you foreseen the incoming movement huh?almost accurate of what happened recently and now we are back at $11,000 level.

[smyslov]

Despite this favourable period I haven't sold my coins. I beleive this is not the peak yet and although it might not come this year I continue to hold. Now we are having slight correction that was expected to my opinion and after that the rise might not be sharp anymore but on long term holding is profitable.

It always is, it's hard to cultivate control when you dedicate yourself to HODLING your coin, you may be tempted to sell to cut your loss and hope that the price will keep on rising because it's hard to find the floor when there is a crash and the peak when the market is in bull and surging, we have to have faith to keep it our coins in our wallet.