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Author Topic: Currently i am quit from market and come in 2024  (Read 720 times)
gurunanakji777
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March 01, 2021, 07:01:58 AM
 #61

you are in hurry to declare the bear market even bear market is not confirmed yet I would say its only a market correction Its good to know you booked your profit and quit the trades or sell your holdings with profit and now you are expecting a huge bear trend but the market never behaves the same way year by year. 2024 is quite far and traders can not be away from the market for a long time they always find a way to make money.

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March 01, 2021, 07:27:46 AM
 #62

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?

Why 2024? What made you so sure that things are going to be ok and profitable in 2024, if you are true Cryptocurrency investors and interested in making a profit you will not take a very long vacation, the market is very dynamic things can change in a matter of weeks, you can lose and you can make a  profit within 24 hours to a week, Cryptocurrency is the most exciting investment market that is why it is institutions and big investors are coming in, there is a gold mine and you will miss it by taking a very long vacation.
And I don't think you can.


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March 01, 2021, 08:11:47 AM
 #63

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?

I am not sure if the bull market is gone as bitcoin can increase again and the altcoin season is not over. Many altcoins still try to lift the price slowly following of bitcoin price movement, so I think that we still have more time to see the altcoin season will come to the market. But that is your decision if you want to quit the crypto market and enjoy your profit. I am sure you can come back to the market anytime you want, but I hope you can be ready when you come back because I am sure the situation will not be the same.

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March 01, 2021, 08:20:49 AM
 #64

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
I would have said you have weak hands but well it's your money and your choice, the bull run isn't over yet just so you know, you are the one that just panicked and sold off your crypto, not like it's bad to lock in on profits, but going out of the market just because of this little correction isn't wise, the bull run is still on and might even continue till the end of this year, bitcoin is still eyeing to break that $60k barrier, bullish and bearish seasons are both inevitable, I intend to hold my position till we start seeing some green again.

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March 01, 2021, 08:23:30 AM
 #65

until now, my plan is still trying to collect crypto assets. Even though in 2024 the price is in line with what you think, but if you don't know what happened so far and are left uninformed, I think it will be useless. however, at the moment the conditions are also not completely dumps. in fact, I feel that during this vulnerable period of time, there is still plenty of time for us to do. however, I respect each person's strategy.

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March 01, 2021, 08:27:03 AM
 #66

It is not a good idea to leave the markets when all investors look for new investment opportunities but I respect your decision. The market is still bullish and there is potential to test the new all-time high prices. I suggest holding a small marketcap altcoins and sell your altcoin portfolio when you come back to the crypto industry.

Given the OP's already gained experience in cryptocurrency investing, it certainly has an advantage over new users who are being added to the new cryptocurrency market by the millions. Therefore, I think it is wrong to leave the market for 3 years, because we are still in a bull market.

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March 01, 2021, 08:28:38 AM
 #67

Fiat money is being printed left and right. I don't think the bull market is over. Unless you need the money for a purchase it will lose value if you keep it in fiat or try to save it in a bank account.
How can you lose Fiat value if someone keeps it in a bank? Isn't the value of each country's currency determined in the rules of each country? So how can the value just disappear without any other effect?
The buying power goes down because of inflation. In USA for example the dollar has lost 90% or more of it's value since 1913.

So $10,000 in 1914 was worth the equivalent of $267,979 in 2021.

Savings interest is almost zero. So if you leave $10,000 in a savings account at a bank it will not grow much. And 3 years from now (2024) that $10,000 will not be able to buy as much as it can today (2021).

https://smartasset.com/investing/inflation-calculator#IL3f4hR6Vf
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March 01, 2021, 07:42:42 PM
 #68

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
I would have said you have weak hands but well it's your money and your choice, the bull run isn't over yet just so you know, you are the one that just panicked and sold off your crypto, not like it's bad to lock in on profits, but going out of the market just because of this little correction isn't wise, the bull run is still on and might even continue till the end of this year, bitcoin is still eyeing to break that $60k barrier, bullish and bearish seasons are both inevitable, I intend to hold my position till we start seeing some green again.
Well we can't blame him for what he did, It's a normal trader's life to quit as long as he is going out with a profit it is fine. For us who experienced this scenario a couple of times, We can say that this is pretty normal in cryptocurrency to have a massive pump and dump during bullish and bearish season. At least OP has some plans coming back in 2024. The only thing that OP will regret coming back in 2024 is he failed to accumulate bitcoin on the accumulation phase and will certainly be active when it's on a bull run.
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March 01, 2021, 07:58:31 PM
 #69

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?

Personally, I would prefer to keep all the coins I have so far and wait for even better times for the crypto world. In my opinion, this is just the beginning of the acceptance of crypto and the future will be even brighter.

As for the current bear market, this is a good opportunity for new additional investment as prices fall.
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March 01, 2021, 09:06:59 PM
 #70

We have already faced a crisis in the crypto market. Many coins fell, but after a while everything recovered not only to its previous limits, but also much higher. Of course, during a crisis, we will observe a decline, but it will not come to a complete collapse.

Cryptocurrencies can only be killed by the restrictions of various countries and their prohibition policies. But I think that in countries such as America and China, cryptocurrencies will develop successfully and the rest of the world, sooner or later, will still be forced to accept digital currency.
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March 01, 2021, 11:36:54 PM
 #71

Too pessimistic and it doesn't make sense for those who are already here who think like OP, everyone here including me will stay here and use crypto, especially bitcoin under any circumstances.
leaving crypto for three years is tantamount to leaving missed best and profitable opportunities and moments and I think now is a great start to getting better for tomorrow, the day after tomorrow and beyond.

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March 02, 2021, 01:47:32 PM
 #72

I know many of my colleagues which I had invited before to join in investing in cryptocurrency, has somehow managed to get a profit. But due to their lack of confidence in the system, they only put a little in their investments and was able to triple it all these years. Now they are a bit hesitant to invest right now, and they want to wait for any semblance of the 2018 crash where Bitcoin and the alts went down, giving many traders and investors a chance to buy low.

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Ozero
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March 02, 2021, 05:18:04 PM
 #73

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
I don't see any point in leaving cryptocurrency at all. Especially now, when such interesting events continue on this market. Even if bitcoin stops in its price growth, then this may serve as a reason for the start of the altcoin season. I've been expecting this for several years now.
In addition, you can earn and receive profit in any active state of the market. If you have time, then I see no reason why not use it profitably, including for your wallet.

bitquad
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March 03, 2021, 12:45:44 AM
 #74

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
I would have said you have weak hands but well it's your money and your choice, the bull run isn't over yet just so you know, you are the one that just panicked and sold off your crypto, not like it's bad to lock in on profits, but going out of the market just because of this little correction isn't wise, the bull run is still on and might even continue till the end of this year, bitcoin is still eyeing to break that $60k barrier, bullish and bearish seasons are both inevitable, I intend to hold my position till we start seeing some green again.
Well we can't blame him for what he did, It's a normal trader's life to quit as long as he is going out with a profit it is fine. For us who experienced this scenario a couple of times, We can say that this is pretty normal in cryptocurrency to have a massive pump and dump during bullish and bearish season. At least OP has some plans coming back in 2024. The only thing that OP will regret coming back in 2024 is he failed to accumulate bitcoin on the accumulation phase and will certainly be active when it's on a bull run.
People selling out of crypto never end up with the same amount. Less usually.

Those early adopters that had 10,000 BTC long ago sold it when BTC hit $100, $1,000, $10,000 etc. They bought back in only at inflated prices. Eventually you have companies like Tesla with deep pockets buying BTC at $30,000 and higher.

The people with diamond hands were laughing when BTC hit $58,000. But it is a risk because you just never know what will happen in the future. It would suck to own 10,000 BTC @ $58,000 and then it goes back down to $100 for some unknown reason. At some point you have to take some profits before you die. Can't take all the BTC with you to the grave lol!
wheelz1200
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March 03, 2021, 12:55:22 AM
 #75

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?

Completely leaving the market and blindly saying a date 3 years from now might not be the best tactic.  If you want to go on the sidelines that's fine all good.  I would stay close and get ready to jump back in at some point if a new bottom has perceivably been hit.  Good thing to jump in little by little again at a later date and cost average your way back in.  Either way good luck to you.

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Dragonfund
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March 03, 2021, 02:25:46 AM
 #76

Bull market might be gone as you have stated but don't forget that the market is all about trends. First it was ICO, then later it was preceeded by IEO that saw a lot of boom in centralized exchanges and later Decentralized finance that so a limelight through yearn finance and today look at what dex has bring into different projects and cryptocurrency it self.
Decentralized finance has birth more hundreds of great projects and there are many more to come as long as Defi is still hot.
There is likely emergence of another trends and you may loose out this opportunity instead I will advise you to stick to the market and enjoy the profits because trend is your friend.  Cheesy Cheesy
South Park
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March 03, 2021, 03:16:17 AM
 #77

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
I don't really understand why you need to leave in such a definitive way, what will happen if you are mistaken? After all we all make mistakes in our predictions and this could be the case and instead of making even more profits you are going to regret not coming back to the market to get even more gains, it is better that you keep watching the action and if for some reason you believe that your prediction was off the mark then you can come back.

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March 03, 2021, 03:17:59 AM
 #78

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?
I agree with you. I am also quit my investment. But it is still possible to make a profit by investing for a short time. The market is slowly going down so investing at this time is definitely risky. Because no one knows how many years after the next bull run and no one would like to wait that long.
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March 03, 2021, 04:00:52 AM
 #79

At present no one can say which way the market will go and whether the bull market is going. It is not possible to get the information without analyzing the market properly if you leave now you will not be able to make any profit if the market goes up a lot in some time I don’t think the market will go down the price of currencies will rise again therefore, it is better to invest in small amounts there will be no risk and profit will be made. Many traders are re investing in the market.

Anyway, it is everyone's prerogative if he will stay or not. Just don't regret couple or three years from now that you left the crypto scene. Everyone has the privilege to take part in this market, whether you are a small investor or a whale. Because the profit depends on your strategy and how you manage your funds. Even if you are not a financial person, the good thing here is that you can be your own boss and strategize to optimize your profits.
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March 03, 2021, 04:19:49 AM
 #80

Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?

your choice is very smart to save the benefits you already have, but in my opinion it is something that you have ever done wrong. I think that 10000USD profit is very suitable for you to invest in Altcoin which has the potential in the future to be better than now. for example like Cardano, aorora, Btt and BNB. I am sure you will find the next advantage when investing in Altcoin that I mentioned

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