ogundowotoby01 (OP)
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May 19, 2021, 10:33:35 PM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
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yazher
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May 19, 2021, 10:38:41 PM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgment in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
It is normal when people complain about their investment since it doesn't manage to get what they expected. Because most of the time they just followed what the other people told them to do so especially those who always follow the hype. this is the most difficult situation because when they didn't get what they have told so, they would rant and complain about their failed investment. even though they've already been told to make their own personal research about a certain project. In this industry, you only trust yourself and you only invest what you can afford to lose to avoid such a scenario in the future.
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Saint-loup
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May 19, 2021, 10:46:38 PM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
I don't understand why the market would warn anybody, he doesn't care of warning people. If people want to sell their assets they won't notify buyers otherwise buyers will lower their buying orders. In fact that's the contrary, they have interest to mislead buyers and to make them believe the price will go higher. We call that a bull trap.
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memyselfandi
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Futurov
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May 19, 2021, 10:47:04 PM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Well said. Those people you saw are the people who just recently involved in crypto space and after gaining some profits with the scattered sh*tcoin in the market, they think that they can do it with other coins and feel that they are really into the trading and know it all.
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CaVO32
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May 19, 2021, 10:49:59 PM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Well said. Those people you saw are the people who just recently involved in crypto space and after gaining some profits with the scattered sh*tcoin in the market, they think that they can do it with other coins and feel that they are really into the trading and know it all. They will realize that going into crypto market is not an easy peasy task. There's more than meets the eyes here. If newcomers thought that this is the market where they can get-rich-quick, then, they are wrong. It depends on where your funds are going to. And most of the time, those who got large profits from the hype are just lucky. Not many people can get their profits that easy. Even long timers here have hard time selecting good projects that will give them good profits.
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tabas
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May 19, 2021, 10:53:39 PM |
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I see a lot of people complain about the recent dip in the market and I am surprised.
The same thing has happened before and that's why I'm no longer surprised if there's a correction that occurs. When the market goes up, everyone doesn't care if it's going to end anytime soon and there's no talk about it. But we'll see if this correction will last longer since it just happened a few days ago and that's still new but it won't be ending the same, there has to be the recovery period.
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shinratensei_
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May 19, 2021, 11:04:18 PM |
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I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Warned for what? you just create this after the dump happened and also there's not clue if china will be releasing the ban for the crypto again. So many people didn't even think will happen and i guess there are bunch of prediction that were not coming true.
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Kez1817
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May 19, 2021, 11:10:36 PM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Now, they will understand the reality in investing in crypto market. Following the others words will make you suffer at the end. Before entering in crypto you should have at least a little knowledge so you won't be surprised if the market goes down. The market has nothing to do with you and how does the market warn you? You make the transaction and enter the market, so, only you also know if it’s time to sell or hold on anyway if the market doesn’t conform to your plan. If you have knowledge, you will understand the market very well.
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MusaMohamed
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May 19, 2021, 11:15:52 PM |
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People hope that they will be given discount price to buy Bitcoin, Ethereum, BNB and top coins when they saw those cryptocurrencies have expensive price. Yesterday, their wishes became real opportunities on the market. Complains, why?
If they complained, they will never buy dips and will wish again when Bitcoin makes its new tops.
Big discount events rarely appear. A few months you will see one discount event but it is not too often.
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makishart
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May 19, 2021, 11:18:17 PM |
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Dude, there lots of newcomer in the market and they lack of education about the technical analysis or fundamental analysis and that's a common thing to see the people who have been complaining about that dump. It's nature, why are you blaming them all? The dump happened instantly as the whales are dumping lots of their bitcoin to the market. The small players can't resist from the dump as they didn't have lots of money. That's a common thing
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Bilgent
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May 19, 2021, 11:26:45 PM |
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It was giving the signals really. After Elon Musk tweeted about Bitcoin payments at Tesla, it was obvious that the market was going to fall. But I couldn't foresee China's action. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The real dump was after that. Elon Musk and China combined just destroyed the prices of coins.
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cabron
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May 19, 2021, 11:29:14 PM |
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Its not the market that people are complaining, its Elon that they wanted to stop talking because some guys are losing more than $100K with just a tweet. Its causing the avalanche when people wanted to hold, they instead sell because he spread fear that even miners in China are selling for a cheap price. Elon shouldn't also complain if he gets mob after all he had done.
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harapan
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May 19, 2021, 11:58:13 PM |
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The new crypto people don't care much about trading principles, price action or whatever it is pro traders use for their trading activities. They just want a crypto that they would put money in and get between 100% to 1000% in a week or month. There's no interest in learning how trading works other than just using fundamental analysis. News, hype and taking financial advices from people on crypto Twitter. The market showed a lot of signs of being overbought but nobody paid heed to it and they paid the price for their ignorance.
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dunfida
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May 19, 2021, 11:59:39 PM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Warnings and tips doesnt always mean that they would really be followed by anybody because we do have different decisions and perceptions towards the market thats why its no surprise when it comes to this manner. Decisions would neither be on positive or negative outcome and does vary on what are the decisions you had made before the market made out some significant move and if you had missed on selling while youre in profits and suddenly the price dump then that would really be giving a regretful feeling.
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MadeMen
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May 20, 2021, 12:09:12 AM |
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Volatility is an inherent nature of the market, so when we see changes in value, its taken as a norm. We saw the value change, but I thought it was a sign of the market preparing for a higher ATH. It feels really bad to see my portfolio drop significantly in value. I wished I sold much more before the dip started.
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TastyChillySauce00
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May 20, 2021, 01:55:59 AM |
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it's because a lot of newcomers coming to crypto right now that hasn't experienced dumping before hand, many of them even never did any investment or trading before so it's only normal to expect that some of the newcomers gonna get panicked at the slightest of price dip and now the price dip is rather large and it even make them more panicked meanwhile ever since we are reaching the ATH of 60k dollar most of us already expecting the price dumping just like this. for the hodl who bought in 2018 though still gets an ROI of 11x, if that's not great investment then i wonder what it is.
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Bitcoinjheta
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May 20, 2021, 03:04:42 AM |
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when the market crazily downside you can't say there is no complain why? because they are mostly newcomer in crypto who hopes for another pump, they don't know its a bull trap that is hiding on the other side. You have to take risk no matter what it takes just to save anything to avoid lossing out all your investment.
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EmmaGod
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May 20, 2021, 03:34:58 AM |
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I believe it's impossible to always make a perfect decision in this industry. Atimes, one could make losses and other times Profit, but in every case one needs the courage to continue irrespective of the situation. The market present situation is disheartening and it would be difficult to find someone who is a regular user of the industry that wasn't affected.
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Midy
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May 20, 2021, 04:07:56 AM |
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Currently, there are indeed a lot of investors and traders who complain about the decline in cryptocurrency prices, and they also argue that the cause of the current decline in cryptocurrency prices by Elon Musk and several other things, even though there are many media that warn of the great risks of investing in the cryptocurrency world today, but most of them ignore it.
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meanwords
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May 20, 2021, 04:10:35 AM |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Let's be honest here, a lot of people who invested because of the hype doesn't really know how to check this type of thing. Elon Musk brought them through constant shills and hype. Now that Elon Musk is done, they are blaming him for everything. Well, we can only watch and see how this will turn out.
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