Traders, y'all buying, selling or on the fence?

[9thsky]

Recent events needs nerves of titanium! Good time to sell? Good time to buy? Wait and see...?? Where are you in this equation, and why?

*Note: Question is to traders, not HODLers.

[TheUltraElite]

Let the dust settle.

The price dropped to 39k and then rose back to 40k USD yesterday and today it is back to 39k USD. This means that there is both buying and selling pressures and this 40k level may end up as a future resistance level. With the two concurrent negative news, we will see a gradual dump in price and some uptrends in between. Hence my current move is to wait it out.

We dont know how the weak hands might respond and they may end up crashing it even further forgetting the fact that institutional money was the first reason why bitcoin crossed 10k USD a few months back this year.

Now that the inorganic pump has been neutralized or close to being removed, the real price levels are coming back and there might be buying opportunities in future at 30k or even lower levels. That would be the time to buy.

If you have not sold already, hold it for now too. Either way my first line should answer the situation aptly.

[Lorence.xD]

If this is for traders then you should probably move it to Trading Discussion board because Bitcoin discussion is for general discussion. I do trade but I am still on the fence right now because I don't have enough money to buy but time will come when I get the money and I would probably put it all in.

[maxreish]

Depends on what type trader you are, if you are a daily trader, since the price movements are unpredictable. I always rely on different tools like technical analysis , fundamental  and of course with how those trading volume reacts at the moment.

The btc price dumps so much that you have to read carefully the indicators you are using before having an entry whether to sell it or have a buy positions.

[ethereumhunter]

The time to buy the coin is already passed. And now it is the time to sell and wait for another time to buy back. That is what the traders did in the market and they will search for the time to buy and sell. But they can wait for a while to see the chance to enter the market and if they can not found that time, they will not force to enter the market. They will act based on the market situations and not because of the other people suggestion because the wise trader will try to research before the act.

[MusaMohamed]

The market now has different types of traders.

Traders lost their lives because of margin, leverage and liquidations. They are regret, suicide or give up, abandon crypto market. No capital left to join again.

Traders who get temp loses and panic sell. Now the market gives them hope to come back and they become greed again.

Traders who accept their loses and spend time to learn from their loses and figure out ways to fix. They spend few weeks to think of themselves before actually join the market again.

Traders who are wise and enjoy the active time of market.

[xSkylarx]

I'm buying now some altcoins that has a big potential to double on the next bull run with their current price now like UNFI, CHZ, ENJ. Those coins increase a lot from the previous rally so I think they have a big potential to make a new ATH in the next few months, they are also active in improving their cryptocurrency's use case which is good for long term. With the current state of the crypto market, it won't make sense if you will just panic sell because of fuds spreading lately.

[Kong Hey Pakboy]

The time to buy the coin is already passed. And now it is the time to sell and wait for another time to buy back. That is what the traders did in the market and they will search for the time to buy and sell. But they can wait for a while to see the chance to enter the market and if they can not found that time, they will not force to enter the market. They will act based on the market situations and not because of the other people suggestion because the wise trader will try to research before the act.

The problem is that it might take a long time before we see a price worth buying back so that would be really difficult to do. You might be able to do all the research in the world but traders also have to be patient regarding this because as I said, the best time to buy sometimes takes a long time to arrive.

[ethereumhunter]

The time to buy the coin is already passed. And now it is the time to sell and wait for another time to buy back. That is what the traders did in the market and they will search for the time to buy and sell. But they can wait for a while to see the chance to enter the market and if they can not found that time, they will not force to enter the market. They will act based on the market situations and not because of the other people suggestion because the wise trader will try to research before the act.

The problem is that it might take a long time before we see a price worth buying back so that would be really difficult to do. You might be able to do all the research in the world but traders also have to be patient regarding this because as I said, the best time to buy sometimes takes a long time to arrive.

Patience will give a big reward to all traders who can calm down with the current situations that happen in the market. As long as you can research and analyze the market before you do something, you can minimize the risk of loss in trading. We need to have that patience and wait for a while because the market will be like this. I am sure the situation will be back to a better situation.

[pooya87]

When price is already down by a lot, it is never a good time to sell, so although you could still sell when seeing more drop you would be taking a much bigger risk. You just have to understand that risk and manage it better, like by having a plan when price didn't go any lower than the price you sold at and instead went back up instead of having no plan and panicking.

Buying when price is already down by a lot is a good idea if you are an investor who want to buy bitcoin and store it for long term not just for day trading. For traders on the other hand, when there are illogical drops due to panic sells and market manipulations it is not a good idea to buy or do any trades in situations like this because the market is the most unpredictable at those times. However the big swings can also give a good profit but at a higher risk.

So the answer is not doing one thing for everyone because which one you choose depends on your strategies and on how much risk you are willing to take.

[Ararbermas]

*Note: Question is to traders, not HODLers.

if you don't have choice and stuck up as well because of the some factors, for sure you will become hodler especially when it fell like a rock. Wherein waiting for the recovery is your option until it goes back to the resistance or more.. 

Actually there's no big difference when it comes trader and hodler because for your information most of the traders nowadays were used to trade for long term because it always give a massive profits than short term,  so they are a hodler as well.

[GreatArkansas]

If you are asking for traders.
Traders will buy or sell based on the chart, so technical analysis is a must.

Every trader got also different techniques or tools or analyses that are using to trade. So that's me now, I am still not any positions without breakout, these price levels currently is very difficult to trade, I am afraid to stop loss hunted.

[crwth]

I think that's why the term diamond hands come into play. There's always going to be different types of people

• HODLers
• Traders
• Lurkers

I'm currently at the trader's section and HODLers because I have a portion of my portfolio for holding and another for trading. So I'm a speculator and just your Bitcoin HODLer. And I'm always going to buy continuously, no matter what  because I believe in the asset.

I'm trading because I want to speculate what happens with an asset's price and doing it automatically with Gunbot.

[STT]

Watch it to break this trend and we can talk.    Really any turn around a larger move requires a multi stage effort like a rocket launch its not just one thing in reality.    It can definitely turn around as dollar is so poor and I see all of this as a pullback or profit taking area.    40k is 200 day but I think I said last month that 30k to 20k area would be the buffers and where I would seriously consider a no sell turn around area, however I need to reconsider my reasoning; mostly I defer to my prior negative outlook scenario during positive pricing because I overly react to near term like most people.

The big thing many might be missing is the low on this chart the 30k area is the 200 day average for wall street type traders, reason being they close shop Friday and open Monday.   They have less days involved with crypto and so a different perspective and numbers for the averages.

[MusaMohamed]

Watch it to break this trend and we can talk.    Really any turn around a larger move requires a multi stage effort like a rocket launch its not just one thing in reality.    It can definitely turn around as dollar is so poor and I see all of this as a pullback or profit taking area.    40k is 200 day but I think I said last month that 30k to 20k area would be the buffers and where I would seriously consider a no sell turn around area, however I need to reconsider my reasoning; mostly I defer to my prior negative outlook scenario during positive pricing because I overly react to near term like most people.

The big thing many might be missing is the low on this chart the 30k area is the 200 day average for wall street type traders, reason being they close shop Friday and open Monday.   They have less days involved with crypto and so a different perspective and numbers for the averages.

$29k is the price must be hold for bitcoin. I don't say anything bad for bitcoin long term, I am bullish but it is a important price in TA. If it is broken, bots will be triggered and panic sells will appear again.

I don't know what whales are playing and why that price was not broken last week. Likely whales did not want it to be break in this bull run or they only did not want it to be broken in the past week.

Next one month is important for the process of death cross. If the death cross appears, another bad time for market will be seen.

[adaseb]

Right now is neither the time to buy or sell. Need to see what will happen in the next few days. There is a good chance we might break $30K and head to the $20-25K area, if we go there then that is the place to buy, not here. If you want to buy here then buy some but not all. I am pretty sure the market is thin on capial because everybody bought in the $50K area and everyone is out of money.

If you want to buy, then wait for confirmation first, wait until $42K breaks and heads to like $45K and buy on some pullback then. This way there is a good chance that $30K was indeed the low and you will pay a little higher but at least you won't be sitting at a loss. Currently we don't know where the market will take us.

[pooya87]

Right now is neither the time to buy or sell. Need to see what will happen in the next few days. There is a good chance we might break $30K and head to the $20-25K area, if we go there then that is the place to buy, not here. If you want to buy here then buy some but not all. I am pretty sure the market is thin on capial because everybody bought in the $50K area and everyone is out of money.

If you want to buy, then wait for confirmation first, wait until $42K breaks and heads to like $45K and buy on some pullback then. This way there is a good chance that $30K was indeed the low and you will pay a little higher but at least you won't be sitting at a loss. Currently we don't know where the market will take us.

The problem with this type of strategy (of waiting to see what happens) is that it also is risky because as much as it is possible to see a drop, there is also a chance of seeing a rise. For example you could wake up tomorrow to see price is $50k+ again which means you have lost the chance to buy bitcoin at a discount.

This is why I always suggest spreading out your buy orders. Unless you plan on buying with a very small amount of money like $20, you should place multiple buy orders and buy at different prices. That way you reduce the risk you are taking so if suddenly price rises back up you've already bought some coins or if it drops more you still have more fiat to make more purchases.

P.S. everyone is not out of money, all the millions of dollars worth of bitcoin that were sold in the past days is fiat standing on the side line waiting to come back in!

[magneto]

Unloading leverage but still keeping my positions open.

It's clear that we're no longer in the prime of the bull market, which poses a significant amount of downside risk in terms of the potential for flash crashes and whatnot due to excessive volatility. That makes the case for reducing any leverage on longs (or even shorts) that you have.

But I am a firm believer in BTC in the long run, and I think that Musk will change his tune very soon. Hence keeping longs open.

[Wexnident]

Wait and see is probably the best bet. The recent decline just started, after all, trying to take a position quickly may make you get some unnecessary losses when you could've planned it out much better. Definitely not the time to enter and expect Bitcoin going up, but if they really want to, they can try spreading out their investment times to different periods, just so that you won't lose everything by entering now or entering later. Profit is smaller, but hey, that's the price for it.

[michellee]

Recent events needs nerves of titanium! Good time to sell? Good time to buy? Wait and see...?? Where are you in this equation, and why?

*Note: Question is to traders, not HODLers.

This time will be the best time to buy, although you need to analyze more to find if it's good for your or waits for more. That is what the investors do if they see the lower price. But the traders will not just buy and hold but they will try to search for the time to sell the coins at a high price. But you can just wait and see what will happen to the market so you can decide later. But before you do something, make sure you research to know the real situation in the market so you do not make a wrong decision.