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Author Topic: What goes up must come down  (Read 2823 times)
forexandcryptoauditor
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April 30, 2021, 08:46:29 PM
 #81

This is the basic ABC rule of any market. The correct and bear are obvious after a huge uptrend. The patterns must show both uptrend and downtrends. I see the downtrends can be opportunities to invest. However, we should not be greedy and book some handsome profits. And that's the thing many investors are doing at the moment.

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April 30, 2021, 09:26:59 PM
 #82

What goes up can stagnate or come down but not to where it came from. How about that sentence? We also won't go back to 3,000 and even them some people said what goes up must come down. Maybe we come down a little bit, but the tendency is what really is important.
Some people do expect a decrease when they don't have time to buy at a low price, but those who have bought always expect a sharp increase so they can get profits in the near future, but in fact there is always a decline for tokens that have reached ATH.

You talk tautological stuff, but who cares. If Bitcoin becomes a world currency reserve it might in fact never really come down even if it is at its new all time high and even if it reaches further all time highs.
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April 30, 2021, 09:42:50 PM
 #83

In as much as I agree with you, but I must say that so far, the market has surprised a lot of people even making most analyst looks as if they don't know what they are analyzing. Most people never imagined the market will grow to such extent but take a look at everything, most coins hitting ATH and so on. Therefore, I think in as much as we are being careful and not to be carried away the market can still go on to surprise everyone. Another angle is, many institutional investors are now involved which is quite different from the past market era, and with more coming into play means more growth will be witnessed. I might be mistaken but I think there are more holders now who believes in crypto more than ever coupled with the endless promotions and adverts thus attracting more people.

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April 30, 2021, 10:02:27 PM
 #84

I would assume what you mean by "what goes up would come down" is that the price would retrace down. Retracement is very necessary in any market or asset class, as the price cannot keep going up non stop.  The retracement would correct the market and give wise investors a chance to buy more of the asset. But bitcoin is overall Bullish irrespective of the price correction.

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April 30, 2021, 11:21:15 PM
 #85

If we are able to believe that, it simply means that we are allowing the market to turn back down. But I don't think about it and that was not the case I've seen this time. We'd rather have to step out from being negative and think that the market will crash soon badly. Although it can be possible, however, the chances are not big to desperately think about it. What could be the best thing to do is to get prepared for anything will happen in the coming days if it is either the pump or dump.

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April 30, 2021, 11:28:35 PM
 #86

The problem for the investor is that no one knows when the price of the coin will reach high and, accordingly, when it should be sold. This happens with those coins whose price has already exceeded ATH and the maximum growth is no longer limited, in the event of a continuation of the bull market.
If you look at the market all the coins have crossed their all time high valuation and if you are an investor wanting to invest you need to take the risk of the market going down. Since i am in this market for a long time and i have seen multiple corrections i would say is that once the market moves above the scope you never thought possible, wait for the market to consolidate and we will see a correction but the extend is impossible to predict because it is a new market and things are different every year.
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May 01, 2021, 04:04:22 PM
 #87

No market will increase in value forever, so we need to learn how to take profits and manage risks in trading. The DOW theory holds in many markets and the same is true for cryptocurrencies. The Cryptocurrencies market has been steadily rising for the past year or so and they will likely continue to rise in the near term. After the bull run is over there will be a long-term bear market. That is the same as how the crypto market happened in 2018 and 2019.
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May 01, 2021, 04:18:50 PM
 #88

If you are keen on observing the market, you will notice a cycle.  A cycle where an altcoin will have a price surge very fast then followed by price fall and moving sideway before it surge again.  So it is not surprising or new to the traders that whenever a cryptocurrency goes up, it will definitely make a correction and it is healthy because it gives way for new investor to join the market.
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May 01, 2021, 05:34:12 PM
 #89

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

Yes. But if they hold it until now. However most people who buy BTC at $ 4k, they are already selling it for $ 10k. This means that they only spin money that is already there, and I'm sure it is very rare for people to hold BTC for a long time, unless they are billionaires by nature.

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May 01, 2021, 05:37:29 PM
 #90

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

Cryptocurrency is really an amazing digital investment. And I agree with you, those who invest during the dip after the 2018 ATH and just keep holding and just sell now are already millionaires and billionaires. Crypto Market are volatile and there is always a dump, so always watch the market and grab the opportunity to buy at a lower price if ever.

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May 01, 2021, 06:14:44 PM
 #91

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
Well it does feel like it but with a different kind of investor,
Back in 2017/2018 we doesn't have solid investors like what we have right now.
I am aware that they aren't here to stay but I think it wouldn't be so bad like before since we now have so many big companies buying it.

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May 01, 2021, 07:26:24 PM
 #92

Yes, predicting the price of a coin is clearly very difficult and even almost as difficult as predicting market conditions, so it will be a little confused in determining a sell order, now if I personally always use a simpler way, namely by taking a profit of 15% or 20% of the price the price I bought and I also won't regret it if the increase in the price of tokens can exceed what I sold even though I have to wait for a few days for everything to be sold.

It all depends on what coin you are holding. If this is bitcoin and Ethereum, then the best solution is to move the stop after the price moves up. And if the stop loss is triggered, open the order again at a lower price. But with other altcoins, the correct solution is to sell in parts, fixing the profit.

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May 02, 2021, 06:44:24 AM
 #93

No market will increase in value forever, so we need to learn how to take profits and manage risks in trading. The DOW theory holds in many markets and the same is true for cryptocurrencies. The Cryptocurrencies market has been steadily rising for the past year or so and they will likely continue to rise in the near term. After the bull run is over there will be a long-term bear market. That is the same as how the crypto market happened in 2018 and 2019.

of course the market will not always increase, there will be a prolonged phase of the decline in market prices like the last 2 years, but it cannot be determined when it will happen.  people who trade crypto will not always be profitable, therefore they must be prepared to face the risks.  when they make a purchase, many expect the market to increase sharply, and vice versa for those who want to get more coins, of course, expect a decrease so they can get more coins that they will hold later.
More buyers also accept the risk because, in the downtrend, many projects have fled and accept to halt project development. Investment always carries certain risks, so we cannot know in advance. I love the saying "take profit is never wrong" even when the profits are low.
Investing in the crypto space is patience, I've seen its payoff in wealth.
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May 02, 2021, 09:58:15 AM
 #94

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

therefore we have to know when is the right time to sell cryptocurrency that we invest, because we can't predict when the market will pump and dump, therefore when you have reached your target (get a profit according to your expectations), then my advice is that you better sell it and don't be greedy, because when the price go down, then you will definitely regret not selling your cryptocurrency and still hold until the price go down, so my advice if you want to invest in cryptocurrency, then you have to set a target for the profit you want and never be greedy.

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May 02, 2021, 12:23:57 PM
 #95

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

therefore we have to know when is the right time to sell cryptocurrency that we invest, because we can't predict when the market will pump and dump, therefore when you have reached your target (get a profit according to your expectations), then my advice is that you better sell it and don't be greedy, because when the price go down, then you will definitely regret not selling your cryptocurrency and still hold until the price go down, so my advice if you want to invest in cryptocurrency, then you have to set a target for the profit you want and never be greedy.
And I really don't think that those people who buy BTC at $4,000 are still holding it now but they might sell it off when the market price reaches back to $20,000 as the worries have to start remembering the 2017 market crash. These investors today are new sets of buying prices and those who sell the Bitcoins earlier have also bought this time/or they are praying for the market price so they could make a buy button again.
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May 03, 2021, 12:26:12 PM
 #96

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
That is really true and that is why we also need to be wise in taking profit just keep in mind that once cryptocurrencies is very volatile so as much as you can take profit, take it no matter how big or small it is.

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May 03, 2021, 01:42:37 PM
 #97

If we follow the development of the crypto world then the big profit we have earned this year, Many who invest in bitcoin and ethreum now they are millionaires, then never hesitate with the value of crypto today because the value will continue to increase then do not waste this opportunity aja great profit you can feel, and choose coins already have high potential so that the risk we feel is not so great.

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May 03, 2021, 01:47:29 PM
 #98

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

Yes. But if they hold it until now. However most people who buy BTC at $ 4k, they are already selling it for $ 10k. This means that they only spin money that is already there, and I'm sure it is very rare for people to hold BTC for a long time, unless they are billionaires by nature.

Exactly, we hold accordingly to our capacity, but at the end of the day, we still decide whether to sell or not yet once we already hit the profit. We are buying bitcoin because we are investing to be profitable, and everyone does not have the same target so it's normal to see some people sell and they are the successful traders as they make money, unlike those who hold for long term but they really don't have a strong faith and easily get panic when bitcoin dump due to correction.

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May 03, 2021, 03:28:48 PM
 #99

There is more demands on crypto right now than ever so even any dips happens there will always be some who are ready to grab the opportunity, I'm not saying it's a goodbye to bear market I'm just saying that this bull market will last for a long period of time, I won't be surprised if market keeps growing till 2022

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May 03, 2021, 06:00:02 PM
 #100

There is more demands on crypto right now than ever so even any dips happens there will always be some who are ready to grab the opportunity, I'm not saying it's a goodbye to bear market I'm just saying that this bull market will last for a long period of time, I won't be surprised if market keeps growing till 2022
What you're saying is absolutely right but only applicable for bitcoin market and definitely not for any of altcoins market. And that is the reason OP is emphasizing about grabbing peak price levels whenever available. I'm not having any different opinion from that because we must keep booking profits in altcoins but we can continue holding all of bitcoin investments.

Even bull run will continue till 2022, we cannot be sure about most of the altcoins as not all altcoins are increasing at the same time, for example, top ranked TRX is still struggling without having any new ATH. So, booking profits time to time will be a good thing to have for any investor.
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