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Author Topic: Lessons from the Past: When bitcoin's price stabilised  (Read 714 times)
ilovealtcoins
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August 15, 2020, 05:06:26 AM
 #61

Bitcoin stabilizes prices just for the altcoin to grow stronger. If in a particular chart bitcoin fails to break out of resistance then consider closing the order and waiting for it to drop I feel I should watch bitcoin's price action before trading and preserving my capital. If you are a margin trader, limit the use of large leverage in your trading. I think bitcoin will soon hit a new ATH next year so buy them and keep them safe.





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August 15, 2020, 09:37:29 AM
 #62

Stability is something super rare is crypto market. However, usually bitcoin stabilized in some price we expect to see in on a bullish market soon. maybe near soon after the break of the 12K resistance area we can see the same thing happening. Stability is depended in bitcoin whales too during this period of time a huge buy from whales can dump the price to much higher prices.

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August 15, 2020, 10:04:07 AM
 #63

Lots of posts like that in the past, particularly in the last bull run, I think the bull run are already near or it's around the corner as I have already read the popular word "HODL".We never know actually if the bull run will come or not or it's just another bull trap that we will experience soon.

I believe on HODL of course, but I never intend to just HODL on my investment, I also do short term trading as I want to take advantage on the price volatility.

At least my strategy helps me to benefit from the short term and long term movement of bitcoin.

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August 15, 2020, 10:17:43 AM
 #64

Lots of posts like that in the past, particularly in the last bull run, I think the bull run are already near or it's around the corner as I have already read the popular word "HODL".We never know actually if the bull run will come or not or it's just another bull trap that we will experience soon.

I believe on HODL of course, but I never intend to just HODL on my investment, I also do short term trading as I want to take advantage on the price volatility.

At least my strategy helps me to benefit from the short term and long term movement of bitcoin.

yeah posts like that can reappear because of btc value which is volatile .  bull run can be right here already and its on its on stage 1  but the word hodl is permanent .  bull run or not , people were advised to hodl because this is the way you can earn more or not loose .  

if you did short term , you are still clasified as a hodler dont worry  . trade still requires to hodl even if its only a short time because not all time price is in good condition for trade

ilovealtcoins
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August 16, 2020, 02:15:35 AM
 #65

Perhaps it is time to change your view on Crypto trading. You should diversify your portfolio and own some of the top 30 altcoins on coinmarketcap. I think that stable bitcoin value is an opportunity for better altcoins to increase in value. In this case, altcoins certainly have higher rates of return than bitcoin.





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btc_angela
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August 16, 2020, 08:17:50 AM
 #66

Lots of posts like that in the past, particularly in the last bull run, I think the bull run are already near or it's around the corner as I have already read the popular word "HODL".We never know actually if the bull run will come or not or it's just another bull trap that we will experience soon.

Right, there's literally many posts in this community alone. However, they didn't have this HODL mentally that is still the best strategy for those non crypto traders.

Perhaps it is time to change your view on Crypto trading. You should diversify your portfolio and own some of the top 30 altcoins on coinmarketcap. I think that stable bitcoin value is an opportunity for better altcoins to increase in value. In this case, altcoins certainly have higher rates of return than bitcoin.

I think smart investors really know how to diversify their portfolio, but for sure majority of them are putting more on BTC. Those alt coins is very volatile than bitcoin, of course you can make profit out of them if you know how to take advantage of pump and dump situations and could give you higher ROI than bitcoin, but bitcoin is still the 'safe' crypto to invest.

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ilovealtcoins
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August 16, 2020, 10:44:47 AM
 #67




Perhaps it is time to change your view on Crypto trading. You should diversify your portfolio and own some of the top 30 altcoins on coinmarketcap. I think that stable bitcoin value is an opportunity for better altcoins to increase in value. In this case, altcoins certainly have higher rates of return than bitcoin.

I think smart investors really know how to diversify their portfolio, but for sure majority of them are putting more on BTC. Those alt coins is very volatile than bitcoin, of course you can make profit out of them if you know how to take advantage of pump and dump situations and could give you higher ROI than bitcoin, but bitcoin is still the 'safe' crypto to invest.
You say very right. During downtrend, Bitcoin only dropped about 6 times from 20k $ to 3k $. And altcoins have fallen extremely strongly, some cryptocurrencies have divided 1000 times and disappeared. For the top 10 altcoins also dropped a lot, ethereum is down about 18 times, NEO is down 24 times ... and a lot of other altcoins. Bitcoin deserves more investment than any other cryptocurrency in this market.





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August 16, 2020, 11:16:00 AM
 #68

I am among those who make the same mistake as Thomas Randolph, thank you for remind me again about this.
When we see that the price of Bitcoin is stable, it is a sign that Bitcoin will pump, this incident has happened repeatedly.
That's why I didn't sell Bitcoin when a few weeks ago stabilized at the price of $ 9000, it turns out that my guess is true
Bitcoin managed to pump up to $ 11,800 now.

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August 17, 2020, 02:55:45 AM
 #69




Perhaps it is time to change your view on Crypto trading. You should diversify your portfolio and own some of the top 30 altcoins on coinmarketcap. I think that stable bitcoin value is an opportunity for better altcoins to increase in value. In this case, altcoins certainly have higher rates of return than bitcoin.

I think smart investors really know how to diversify their portfolio, but for sure majority of them are putting more on BTC. Those alt coins is very volatile than bitcoin, of course you can make profit out of them if you know how to take advantage of pump and dump situations and could give you higher ROI than bitcoin, but bitcoin is still the 'safe' crypto to invest.
You say very right. During downtrend, Bitcoin only dropped about 6 times from 20k $ to 3k $. And altcoins have fallen extremely strongly, some cryptocurrencies have divided 1000 times and disappeared. For the top 10 altcoins also dropped a lot, ethereum is down about 18 times, NEO is down 24 times ... and a lot of other altcoins. Bitcoin deserves more investment than any other cryptocurrency in this market.

By that people should learn a lesson on when they execute their trades since for that counts we can determine that its good to buy when the market is on red days or lets says when the price is so affected with the dump. If we will just think about bitcoin then we will miss the opportunity of the other alts since the price will pump when crypto ecosystem is on green side.
As well as the way altcoins go down, they grow rapidly at a rapid rate. I noticed that traders have changed their view of the market since 2018. They were wiser in their investment strategies. Currently, the market has grown to a high level, all indicators along with news continue to bring the market up markedly.





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August 21, 2020, 06:40:17 PM
 #70

Alright, current price movements isn't boring for me, because silence is forecast of sudden violence. As we know current global economic conditions isn't so good at the moment due to pandemics. But comparatively bitcoin playing very well even during this pandemic. When we have a cure, then our global economy will bump. So, at the same time we would expect a bull runs on bitcoin price as well. Most likely OP points are valid, it would repeat once again. We don't know when it would happen, but the overall price trend indicating for good things.

I agree. Bitcoin performs very well during the pandemic and crisis. When things fall into place and economic capacity reaches its old level, I am sure we will see the Bitcoin pump along with the global economy.


Great tweet. It should be printed and framed as a reminder for everyone.

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August 21, 2020, 07:19:07 PM
 #71

It shows how much patience they were but only after years they realized how stupid they were.Even if the bitcoin get stabilized I would be happy about that because that is one of the main reason for not accepting bitcoin as payment, if it stay at a particular region permanently then people will start thinking about using it regularly for payments not for the investments.

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August 21, 2020, 11:09:43 PM
 #72

Lately, we have seen a lot of investors and crypto speculators saying that bitcoin's price movement is somewhat boring because it has been trading sideways for many weeks now. But I want to share something a similar incident or some scenario from the past. It was 9 years ago, early market's early stages but there's a pattern already. So this is a good time to remind everyone to just HODL and wait for the market to do it's thing.  Smiley



https://twitter.com/rockerest/status/91885405368098816

There will always be people who will say that bitcoin is a Scam and it will never take off. But as practice shows us, bitcoin always takes off after some time and everything moves in a circle. Don't pay attention to what speculators and speakers say - they are paid good money for it.
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August 22, 2020, 09:09:57 AM
 #73

The more you treat bitcoin as an asset, the stable price will continue to exist and we will often experience sideways, indeed in the market, this situation will look boring because we also often see altcoins that have faster fluctuations than bitcoin. What's more, we have often encountered situations like this in 2018-2019, there were also unexpected leaps,xxxx and most users themselves did not know about it that when we sideways we think for the best and worst situations.
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August 22, 2020, 09:16:21 AM
 #74

The more you treat bitcoin as an asset, the stable price will continue to exist and we will often experience sideways, indeed in the market, this situation will look boring because we also often see altcoins that have faster fluctuations than bitcoin. What's more, we have often encountered situations like this in 2018-2019, there were also unexpected leaps,xxxx and most users themselves did not know about it that when we sideways we think for the best and worst situations.

But I think people will not just use bitcoin as an asset because many people out there want to increase their bitcoin amount by doing many things.
That will make bitcoin price will not stable and will always fluctuate. But the sideways moment will happen if the market doesn't have many movements from traders.
And if that happens, we need to be careful because sometimes, the price can get a flash dump quickly.
Maybe we can take a lesson of what happened in 2018-2019, so we might get more clue or predict where bitcoin price will move.
But that still difficult to know where the price will go.

.
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August 22, 2020, 09:52:02 AM
 #75

The more you treat bitcoin as an asset, the stable price will continue to exist and we will often experience sideways, indeed in the market, this situation will look boring because we also often see altcoins that have faster fluctuations than bitcoin.

That's something that needed to considered, if there's no transactions and usages that will take place
the value of bitcoin will be stuck.
We need to help adding more people's awareness in regards to this investment currency, the more we
usages the more circulations and the more people will engage.


What's more, we have often encountered situations like this in 2018-2019, there were also unexpected leaps,xxxx and most users themselves did not know about it that when we sideways we think for the best and worst situations.


It should be understood that risk are there with volatile market. Knowledge is very important to know
what to do when worse scenarios happened while you are still inside this investment.

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August 22, 2020, 04:03:54 PM
 #76

Bottomline still is the low tendency of this market, in general, to be predicted, regarding its behavior. There were many times the market price became stable at a price point e. g. $8k-$9k. Well, indeed thr price at this moment is again giving hopes to many people becausr it again broke a market price resistance, and that is a good thing to see. But always keep in mind the nature of market value volatility. Reaching its ATH this year could be possible. The thing is the word "possible" simply saying that we have no assurance. So definitely, to hold is the best thing to do.
Stability is something super rare is crypto market. However, usually bitcoin stabilized in some price we expect to see in on a bullish market soon. maybe near soon after the break of the 12K resistance area we can see the same thing happening. Stability is depended in bitcoin whales too during this period of time a huge buy from whales can dump the price to much higher prices.
Maybe he meant less volatile. The market value moves from time to time.
Lots of posts like that in the past, particularly in the last bull run, I think the bull run are already near or it's around the corner as I have already read the popular word "HODL".We never know actually if the bull run will come or not or it's just another bull trap that we will experience soon.

I believe on HODL of course, but I never intend to just HODL on my investment, I also do short term trading as I want to take advantage on the price volatility.

At least my strategy helps me to benefit from the short term and long term movement of bitcoin.
In my case I do always see the word "HODL". People will tell you to hold when the price is falling and same thing when the price is in upward motion. It is a good thing if you will have your own action whether to sell or hold.
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August 22, 2020, 06:59:54 PM
 #77

The more you treat bitcoin as an asset, the stable price will continue to exist and we will often experience sideways, indeed in the market, this situation will look boring because we also often see altcoins that have faster fluctuations than bitcoin. What's more, we have often encountered situations like this in 2018-2019, there were also unexpected leaps,xxxx and most users themselves did not know about it that when we sideways we think for the best and worst situations.

I must be spending so much time in the forums and elsewhere I'm actually beginning to make sense of all these kinds of commentary haha. But no, it's purely the speculators and traders moving the markets in the short and medium term. And you can't credit the holders either for long term price valuation, they're actually also responsible in mid term bubble growth and burst (For when they do liquidate).

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August 22, 2020, 07:09:36 PM
 #78

if we look at the price of bitcoin in 2011 then we will cry because the price is very low compared to the price of bitcoin at this time. if they were holding bitcoin from 2011 until now they would have laughed happily because the price of bitcoin has now reached $ 12k. I am also sure that the price of bitcoin will reach its highest price like at the end of 2017. At the moment I am still holding bitcoin because I believe the price of bitcoin will reach $ 15k.
I also felt that I had 7 bitcoins in 2014 at that time the price was around 230 $ and I only got profits almost 100% that year
when I remember it again it makes me very sad if only I was able to hold bitcoin for three years I could get a huge profit, it really makes me want to turn back time

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September 08, 2020, 08:17:58 PM
 #79

BTCBTC When Bitcoin stay much long  on the accumulation stage, it is an indication of a big thing lies ahead. I am just HODL and not even moved by any market sentisation.
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September 12, 2020, 08:52:20 PM
 #80

Bitcoin sometimes goes in a recession period but I don't think that selling is a good call instead of HODL on days like this. People should be more patient in the market. Otherwise, too many people start to sell and it affects the price in a bad way too.

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