Market is recovering, what steps are you taking?

[Mahanton]

The present market is still fairly good and bears arent in full control yet so I'm not ready to start buying coins unless there is a very bad bear market like 2018 for now I focused my attention on building a mining farm, this have been my dream since 2017 and today I can afford it, I'm ready to store some ETH, Ergo and Ravencoin in my portfolio for the future and still have my mining rigs in the process instead of just investing money on the coins

What an amazing job you are doing, because mining has very little risk, in contrast to trading which is sometimes more risky when a bear market starts happening and doesn't get any improvement in the near future so have to wait longer for some profits

If you are not careful you'll lose more inside trading, the market is for those who really understand the business and those who can extend their time to make sure that they are doing the right thing.

Setting up mining farm while holding some good assets, that's really an amazing achievements,
for sure in the long run the profits is very decent.

Choose the right assets and even there's some downfall as part of the cycles, expect that it will bounce back and bring a decent earnings to your investments.

Knowledge is very important, not only in trading but when starting mining business, nowadays, mining is not that easy, based on the news and articles I read, mining now is only most profitable to big miners, which means it requires a big investment to start a good mining farm.

However, if you'll focus on trading, you can start small and with less hassle as you can stop and resume anytime you want, you can also learn and improve until your capital will start to grow as your trading skills will improve.

When you are in passion on becoming a miner then it isnt bad to start up with  1 asic but  you should really be aware about profitability since energy cost would be one  of the  main factors that would be  needed to consider out before making any  decisions but if  you are really minding  about being worthy then its better to  invest and  hold rather than hassling yourself into something which  is a bit complicated and  does
really need big  capital for it to be worth to start on and cherish out  some considerable profits.For the steps on taking  then it is on someones choice because there are lots of things which you can really able to
do so if you are really  that serious and dedicated  and of  course it would  be needing that risk factor thing.

[lenovop-70]

I am still waiting to re enter to the market, actually while wait my last bought that stuck in higher price than now. I am no rush to add other coin to my portofolio, maybe until the end of this july, wait what august first week signal to re enter.
Buy more coins in 2021 is actually yes for me, but i was said, i am waiting the perfect time for it.

[BIT-BENDER]

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I think am waiting for the market to fall, further a bit, I am not an alt-coin buyer but I have been sniffing around some alt-coin, but first the market has to go down a bit before I can get them, am not sure if these alt-coin I am sniffing around will reach there all time high again, but if they can go down enough, to my perimeters of buying them, then I can see a profit from them in future, regardless not to be a selfish person am glad the market is getting exciting again, but let's -Newbie- not get insensitive about this, I think they should give the market time, before panic buying.

[DeathAngel]

This was written on June 28th but I guess it applies to now as the market really is recovering now. Bitcoin just broke out of a long term RSI downtrend. The scene is set for a 6 month bull run now. The steps I’m taking are simple, HODL & wait for the peak of the bull run.

[lumeire]

This was written on June 28th but I guess it applies to now as the market really is recovering now. Bitcoin just broke out of a long term RSI downtrend. The scene is set for a 6 month bull run now. The steps I’m taking are simple, HODL & wait for the peak of the bull run.

Would you like to tell me the steps that you take to determine the peak of the bull run, I have tried selling on the top of the bull run in the past but most of the times I was completely wrong in measuring the top and Misunderstood the chart and sold way before the top which costed me a fortune of lost potential profit.
The steps that I am taking are pretty simple, I just buy the coins that are most affected by the bearish trend along with investing in Bitcoins and am holding my bags and hoping to ride a bull run soon.

[Nazmul012]

I have a little cash in my bag but as a normal investor, i don't care what people doing, i Just would like to wait for next dip. Although market may look friendly but  already crypto industry is surrounding by lots of negative  news that could be so effective, in my statistics. Even market went down many time within this months. So don't want to take my position in market at this moment

[Niobeh]

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I think Ill invest more today while it is now in bearish mode. While the price are down. Ill do some trading while I wait. I will not expect the price to rise thats why I just invest what I can seem I can lose

[TastyChillySauce00]

Sadly at this momment i don't have any money to spend in crypto, my saving already i spend into eth in last month. Maybe i'm gonna buy more when i got my salary in the end of this month, right now my strategy in crypto is just buy more and more.

Good strategy! just keep doing your research when picking your target assets, most of the time those

project that have solid foundation are the one who's good for long term investment while those pump

and dump project may  give you short term benefits but with high chance of losing if you failed to

catch the ride timing.

More specifically project with solid foundation and good marketing, I have seen many project with solid foundation fails miserably because they are lacking the marketing and fail to make the project known to many people as a result very few coin holder and the growth is very slow. Even in my opinion I always consider marketing to be very vital, you see even meme coin that has nearly the same feature as any other could become popular because proper marketing.

[Sithara007]

The prices went all the way up to $28,000 and by now it has recovered to $38,000 in a matter of few days. Those who were waiting for $20,000 to accumulate BTC will be very disappointed. Somehow, this reminds me of what happened in 2017. Back then also, we had a sharp dip sometime in July-August. But the prices stabilized in two months, and from October onwards the bull run stated which took Bitcoin to an ATH. I am quite hopeful of such a bull run occurring by the last quarter of this year as well. The rumors about Amazon are quite encouraging. If it's actually true, then we can expect BTC to break the six-digit level.

[guydin]

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I can't agree that the market is ready to recover now. It is a hype in another sphere, mostly people bring their money in NFT gaming. But not to be doubting, I just stick to the strategy of buying Bitcoin, Ethereum, BNB and some other good coins on a regular basis and on drawdowns, when the price is lower than my average. So I don’t care about temporary price fluctuations.

[Fredomago]

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I can't agree that the market is ready to recover now. It is a hype in another sphere, mostly people bring their money in NFT gaming. But not to be doubting, I just stick to the strategy of buying Bitcoin, Ethereum, BNB and some other good coins on a regular basis and on drawdowns, when the price is lower than my average. So I don’t care about temporary price fluctuations.

And with that kind of mindset, once the market fully recovered and bring a much stronger bull around expect to earned a lot from your investment.

It happened before, those who chase for long-term investment maximized their profits after reaching new high, imagine even you over bought from the year 2017-2018 and keep it till this year, your profits still decent right?

Not many have this kind of mentality, only those who have a huge patience really benefits a lot from this business.

[slaman29]

The prices went all the way up to $28,000 and by now it has recovered to $38,000 in a matter of few days. Those who were waiting for $20,000 to accumulate BTC will be very disappointed. Somehow, this reminds me of what happened in 2017. Back then also, we had a sharp dip sometime in July-August. But the prices stabilized in two months, and from October onwards the bull run stated which took Bitcoin to an ATH. I am quite hopeful of such a bull run occurring by the last quarter of this year as well. The rumors about Amazon are quite encouraging. If it's actually true, then we can expect BTC to break the six-digit level.

Loving the growth, but I have to admit this kind of pump always makes me a little nervous, especially when it happens over the weekend, with no news to look at as a reason, then it kinda says "pump scheme". I always prefer slow and easy and steady, rather than fast and furious, since we all know what happens when people come down from a pumped high:) Anyway, let's see. 40k should be broken otherwise we lose confidence again.

[lienfaye]

Loving the growth, but I have to admit this kind of pump always makes me a little nervous, especially when it happens over the weekend, with no news to look at as a reason, then it kinda says "pump scheme". I always prefer slow and easy and steady, rather than fast and furious, since we all know what happens when people come down from a pumped high:) Anyway, let's see. 40k should be broken otherwise we lose confidence again.

Im also surprise for the sudden pump of btc and altcoins but thats how it works right? Volatile and unpredicted. Maybe whales are taking actions or there's a good news circulating but still unknown yet.

This situation is not permanent, the increase might go further or correction will happen again. Thus we need to be more wise and decide base on what we believe in and what can benefit us more.

[indo1]

But at the moment it could be a false trend, usually a false trend occurs when the market is bearish, but it rises slowly without any good news. I will wait until the market is completely stable to re-enter.

[Hobo66]

We have been pumping and dumping for months with a slow decline but longterm indicators point to a possible change. I would personally wait or DCA over a few weeks. We just had a big dip and now big spike.

[mulia sabee]

if market conditions have improved then you should not be rash in making decisions, or sell all assets owned !! I think it's something wrong, if it can last for a few sensitive times in the future, maybe the market will continue to improve. I think like that

[armanhusni]

My personal attitude is of course waiting for the right time to release my altcoins, even though the market conditions have recovered I will not let go of the assets I have before achieving the previously planned target maybe the next 1 or 2 weeks the market movement will continue to improve. I think like that!!

[Chuky92]

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

Currently the market is showing good signs of recovery with Bitcoin reaching a high price unlike previous weeks, thus bringing a kind of positive mindset in the crypto market with a lot of people saying the bull is back. But even at that, there are still a lot of people who are skeptical and thinking it is trap, while on the other hand, some people claims it is still bearish until Bitcoin reaches $45k.
Nevertheless, no matter what is happening, I have started monitoring the coins I want to stock up on while buying in very little quantity just to be on the safer side. In addition, since the market might point towards NFT tokens as we have seen for some days now, I have started studying the projects that are good and should the bull market return we might see massive growth in such tokens.

[Gayong88]

Today the market is predominantly green and BTC shows a decent price increase, although it hasn't fully rebounded. I myself only make short-term trades and only use 30% of my trading account for the reason to minimizing the risk value in the event of a decline at any time.

[Westingcote]

Buying as many Bitcoin as I can manage and keeping them for a long time to come altcoins will probs benefit from the run that Bitcoin is going to go on but not as much as Bitcoin.