Avoid been carried away, it's never going to be bullish forever

[poodle63]

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

The current drop in the cryptocurrency market is another confirmation of the cyclical movement of prices in this market, as well as the fact that prices on it cannot rise for too long. During the period of growth, there will be a decline, and this should always be remembered. Therefore, periodically you need to fix your profits, if possible. Better then to buy at low prices than just watch the rise and fall of prices in this market.
Therefore, at the same time, one should not panic. After a while, the price will go up again.

If you see the chart with long term perspective like all time chart it just looks like a correction honestly. It's just bitcoin price is too high that a correction could make it go down in value as much as $10K but it's completely normal, just try to see the bullrun within 2017 aswell it has some correction that quite similar to bitcoin right now.
But indeed if worst come to worst and bearish market is really coming since many people have said that it's happening every 4 years then our best course of action is to buy instead, just see the bullrun right now compared to year before, it seems the bullrun just becoming larger and larger.

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[Mpamaegbu]

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

How dangerous can this market get when we have institutions coming into it, already? You're just overreacting because of the precedent of 2017. Remember, in 2017 the crypto growth wasn't as expanded as we have it now. Then it was more of individuals buying. Now we have institutions buying in. Quite alright, the corrections will come but I don't believe it will be that heavy as we had it in the past. BTW, we are still in the post Bitcoin halving year and if we should go by your fear of what happened in 2017, then I think we should be looking at December for any Bitcoin descend to begin. In 2017, it happened in December.

[Vinaa77]

What is clear in trading as well as investing you have to do technical analysis is an important thing. we can't buy just looking at the price without doing analysis. the importance of doing an analysis you can determine when to buy or sell because of course if we don't do this we will not benefit and will not believe it. it will get you carried away with the atmosphere as well as the news. People who are new to crypto on average cannot analyze the market

[SquallLeonhart]

I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

There are expected levels of bullish trend and I'm sure that we are not even half of that. So, it might be too early to think about booking profits even you are talking about altcoins. Moreover altcoins are known for continuing its bull run regardless of bitcoin will be finishing off its bullish mode and staying sideways. So, definitely this cannot be the right time to book profits in altcoins. We just need to be more patient in coming weeks so that we could track that where bitcoin will be heading and based on that we may take some decision for part of our holding (I mean this cannot be the right time to book profits for all 100% of altcoin holding).

[inanilujimi]

I believe the market will not be forever bullish, but lately I see the market movement is very normal and has the potential to be even bigger than it is today, because every major correction can always be recovery well in just a few days. I think the current bull market will continue until the end of the year.

[plr]

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle

Yes we should take profit this scenario is nothing new there's always corrections and dips along the way if you are a long time investor you have seen this a thousand times, the market is still good compared last year, we should take this as an opportunity to add more in our portfolios, I don't think we are going to have a repeat of the 2017 scenario, we should be good until next year.

[MFahad]

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

No matter how many times you tell people to take profit, they wont take profit. The reason for this is that people are greedy, they think that the bull run will not be over till bitcoin reaches 300,000$, so they do not want to sell at this time and miss out of big gains.

[gabbie2010]

I believe the market will not be forever bullish, but lately I see the market movement is very normal and has the potential to be even bigger than it is today, because every major correction can always be recovery well in just a few days. I think the current bull market will continue until the end of the year.

I am unperturbed with the present state of the market though is in red now  having very bullish some weeks ago however this is not first the market will experience such correction neither will it be the last, I have been in this forum since 2017 there have been series of panicking whenever price get corrected, people  sending all sorts of FUDs to newbies who invariably dump their coins due to panic of course price movement is a one way traffic whatever goes up must come down, after corrections the price will returns to it bullish sentiment till the end of 2021

[ILuckyGuyI]

If we are to take every profit too often, then what is the point of making an investment? As long as you are a short-term investor and your aim is to make good daily profits, I understand. But HODLing is the most profitable way if you're a patient person and everyone knows that.

[Altcoinsintel]

We take profit and each one should have their strategies. Holding is something we do early and not after the market has reached two and a half trillion dollars. This was the target and we are in a wait and see zone, ready for anything. We will earn more if it goes up, so I'm not trying to push a bearish agenda, I wish this bull run to continue for years, but I also know that this isn't going to last more than just a few months.

We already know that a lot of vaporware is valued at market caps of billions that is unfounded and unreasonable. Most of coins and tokens will suffer for a while, but we will keep being part of this, at least some of us, and be here no matter what.

[cryptobull27]

crypto currency will rise no matter what, people have already started to use the token coins in different institutions and it's becoming a chain now. One will be bound to use the tokens no matter if they like or not. more real usage of token, more the price.
pump and dump can cause some damage for a while but it will never break the chain, we are going in the new era of digital currencies for different platforms.
Just pick your coins carefully & DYOR.

[Zotak337]

This time is a good season for investing in any good coins you can find, though I always recommend top altcoins since they are less volatile, all you have to target is getting your return of investment back first then use the extra profits to take further risks on good projects, the truth still remains that no one knows when the market will turn around

[ijeb]

Everything going only up is also a gamble, remember! A healthy market is the one with low volatility and you have a point there, nothing goes up forever but this bull cycle is not yet over. Stochastic is an important indicator and on a daily chart it is showing a bounce back in a couple of days.

[Godwinpaul]

Yeah, it's always a good idea to take profit from your trades, but despite the fact we had the bear after the bull run of 2017, doesn't mean that the same situation would happen this year. Bitcoin is gaining more trust and popularity and getting into the portfolio of many more persons. The market may not nosedive the way we had it after the 2017 bull run.

[NeverSop]

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

Take Profit is a powerful stance in investing, and I agree with you on how you do it.  Bitcoin / cryptocurrency is free to use and thought for its ultimate purpose.  I'm not sure about the situation but to compare the late 2017 / early 2018 and 2021 period is completely wrong, it's different in space and weather conditions.  Symptoms of this disease will hurt for a very short time.  before determining whether the market will return!  And I don't follow the superstition with the movement but I believe bitcoin will hit x2 when it recovers.  1.5x worst

[Skinny48]

Stupidity have full confidence something, now that people like Elon musk are investing in crypto now is the time that many will be so hooked and want to keep buying and buying like it's gold rush but that's never the way of crypto, market will eventually crash and bears will take over for long time before seeing bull season again, many will learn the hardway

[john1010]

At this point of time in the market, you can never define if this trend is bearish or bullish, because there's a lot of people today diverting their money into cryptocurrency, maybe in some coin/token experiencing downfall but we can never called it berish..

[Ruvi2000sew]

It'll never be bullish forever, but this bull season is unlike any other; any decline is a chance to buy more and there will still be demand for crypto now; be wise and take advantage; the bull season isn't over just because the market is already retracing;

[dimonstration]

At this point of time in the market, you can never define if this trend is bearish or bullish, because there's a lot of people today diverting their money into cryptocurrency, maybe in some coin/token experiencing downfall but we can never called it berish..

We might not experience at these time what happen in 2017 pump and 2018 dump. There might be some dump in prices but not to the point that all crypto market will be too much affected, there can be changes that we can trade into other altcoins or project that are invested by some companies already. There are people involved now unlike before that we rely on whales alone.

[Coyster]

At this point of time in the market, you can never define if this trend is bearish or bullish, because there's a lot of people today diverting their money into cryptocurrency, maybe in some coin/token experiencing downfall but we can never called it berish..

Of course quite a lot of people and institutional investors are interested in the Bitcoin network cause of the downturn in the traditional financial institutions due to the Covid-19 pandemic and some of the policies imposed by the government to bring the pandemic under control, the resultant effects of all this is inflation/hyperinflation, thus Bitcoin and to an extent other altcoins has been acting as a hedge to the devaluing Fiat currencies/struggling economy.

Having said that, all this factors have led to the continued spike in the crypto market for a while now, and at the moment, this institutional investors and prominent individuals are still very much active, interested and are still investing in the network, thus I think this plunge is more of price corrections that a complete return to the bearish market.