Market is recovering, what steps are you taking?

[Qirtov]

when the market starts to recover what I will do is control myself so as not to be greedy by increasing the predetermined profit, this is very influential because we can't predict the market easily, no one knows if the market suddenly drops so this should be wary. better to get for not so much than having to lose with time and peak market trends.

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[Sendi blackspade team]

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.

what you say is true. but the strategy of buying as much bitcoin as possible must also be at the right market moment.
to be honest, if I had big capital I would not buy bitcoin at the current price. indeed there is potential for ATH, but believe me, it will definitely take some time we don't know.
the momentum will be right when we can get a lower price and hold it for the long term.

[Ziskinberg]

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.

what you say is true. but the strategy of buying as much bitcoin as possible must also be at the right market moment.
to be honest, if I had big capital I would not buy bitcoin at the current price. indeed there is potential for ATH, but believe me, it will definitely take some time we don't know.
the momentum will be right when we can get a lower price and hold it for the long term.

The best timing to buy bitcoin is when the market is struggling, which means when the market is bullish. Each one of us who invest does not really hold long enough to enjoy our profit, as much as possible, we want to buy the cheapest so we can enjoy our profit the soonest. Most of us can't wait for 3-5 years of holding, 1 year is even longer for others, so timing is really important, and you can get the right timing if you study the market well and continue to educate yourself.

[dndfinance]

I will buy altcoins, if I have some money left. Not a financial advice.

[bitzizzix]

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.

what you say is true. but the strategy of buying as much bitcoin as possible must also be at the right market moment.
to be honest, if I had big capital I would not buy bitcoin at the current price. indeed there is potential for ATH, but believe me, it will definitely take some time we don't know.
the momentum will be right when we can get a lower price and hold it for the long term.

The best timing to buy bitcoin is when the market is struggling, which means when the market is bullish. Each one of us who invest does not really hold long enough to enjoy our profit, as much as possible, we want to buy the cheapest so we can enjoy our profit the soonest. Most of us can't wait for 3-5 years of holding, 1 year is even longer for others, so timing is really important, and you can get the right timing if you study the market well and continue to educate yourself.

To buy bitcoin, it's never too late as long as you can afford it and now the movement has increased dramatically from around $28,000 to over $39,000 and the current bitcoin movement is slowly increasing.
It is unknown what the reason for the increase was and I am very optimistic that the bitcoin price will return to $50,000 in the near future, and I will use the buying bit by bit to grow my bitcoin holdings and hold them.

[slaman29]

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.

Yeah, that's how it works:) And if we're so happy when these whales or whatever (Amazon was the reasons the news said so but I don't think it was that big a news to push markets up) take us high like this weekend, I mean over 10% in a day, biggest daily increase since May? Then we shouldn't complain if they also decide to go in the other direction.

[Rimueng]

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?

Seeing that market conditions have recovered from the previous correction, of course, there are many steps that must be taken, I myself will monitor further market developments, if it gets better I will maintain some of the altcoins I have, and set a target to sell them at a higher price.

[Tahid12]

Suddenly bull hit the market and after that, the market movement is really out of imagination but then again sudden dump makes the altcoins market destroyed. I check lots of altcoins which have better position before this recovery but now their condition is worst. Only some top altcoins are okey. So i decided to wait and understand the whole situation before taking any further step

[$anounimus$]

Seeing that market conditions have recovered from the previous correction, of course, there are many steps that must be taken, I myself will monitor further market developments, if it gets better I will maintain some of the altcoins I have, and set a target to sell them at a higher price.

That's good, but I'm still a little unsure that the market will hold on to better conditions in the near future, because the ups and downs always go hand in hand in a short period of time, but if it could be better then I'd also be happy and grateful for that

[herurist]

That's good, but I'm still a little unsure that the market will hold on to better conditions in the near future, because the ups and downs always go hand in hand in a short period of time, but if it could be better then I'd also be happy and grateful for that

yes, it is like that, apart from yesterday's increase, I think the impact of jack dorsey and elon just yesterday made bitcoin experience a spike in increase, after that i think it will still be the same as in the past few weeks it will be stagnant considering the bullrun is still not stable so the market will still rise and drop randomly

[CaptainCrapper]

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 the market is recovering, and I just wanted them to 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 risk it and buy more coins?

I have some investment but I have no free capital.so I have to wait well for something. Now the market is moving day by day so I think if I wait I will be able to recover my investment.

[Fredomago]

Suddenly bull hit the market and after that, the market movement is really out of imagination but then again sudden dump makes the altcoins market destroyed. I check lots of altcoins which have better position before this recovery but now their condition is worst. Only some top altcoins are okey. So i decided to wait and understand the whole situation before taking any further step

If you are unsure it's always a wise practice not to rush things out, observing the next market movements will allow you to expect
more clearer, most of the time those who are trying to ride with the market pumped losses their money.We can't remove the fact that once whales create artificial movements worse can happened to your invested money.

It's very hard to predict what inside this big bag holders minds, as they can bring more money to pumped the market or they can simply throw all their assets to bring the market down. Deciding to how you react should take some time, don't do things out of emotions.

[Rimueng]

Seeing that market conditions have recovered from the previous correction, of course, there are many steps that must be taken, I myself will monitor further market developments, if it gets better I will maintain some of the altcoins I have, and set a target to sell them at a higher price.

That's good, but I'm still a little unsure that the market will hold on to better conditions in the near future, because the ups and downs always go hand in hand in a short period of time, but if it could be better then I'd also be happy and grateful for that

what you have said is also true that market conditions that are improving will not last much longer, because of the ups and downs that always hit the market, it is not wrong if those who have assets in the market continue to monitor market movements, in my opinion if it is done by traders in such conditions is the best move.

[FlamingFingers]

Steps taken during the retracement is to accumulate as many as possible solid altcoins, during the recovery stage it's best to look out for tokens that has potential so as not to be left out when the pumps finally comes, I still have the believe that bitcoin will have a new all time high again, thereby paving way for altcoins to moon hard

[RussianEnglishTranslation]

I'm buying promising cryptos like NEAR and Celo and staking. Once we hit new ATHs I will start selling my staking rewards.

[DonFacundo]

We have different strategy to make money in cryptocurrency but me, I have coins in my wallet and I'm already at lost so I just keep hold them for now and wait until the market will fully recover. I don't think this recovery will be continue in the next following days, we really can not predict the market.

[imamusma]

I am personally preparing myself. Last time I made that mistake. This time I am making the same mistake so that I am preparing very well. I want the desired price. I will sell most of my tokens if he gets the price. I will not be greedy like before.

That is a very valuable lesson for you, even though you have made the same mistake twice, but for the third time I hope you don't do it again because getting a good opportunity is already very difficult now.

[slaman29]

So who among here took any of the steps recommended, and then panicked a little bit when Bitcoin dropped back to 36k as soon as it tried (and failed) to make 40k?

It's just gone and hit 40k again today though and this time the bounce didn't happen as badly. Could this be it finally? Too soon to crack a smile and some beers?

[TopTort777]

Isnt it too late to make any stepa anymore? I mean those who wanted, has already bought bitcoin at the price of 30-31k. Now bitcoin seems to be expensive. The only thing to do that is left is to hold. Buying right now will give only several percents of profit.

[kapalmabur]

I have some investment but I have no free capital.so I have to wait well for something. Now the market is moving day by day so I think if I wait I will be able to recover my investment.

If you use non-free capital on your investment, then you deserve to wait for the right moment to make a profit because if you lose, it will be very painful, because using money that is not free you must always maintain the initial value.

Of course it's not easy to make a profit when investing in cryptocurrencies,
it can be seen that the cryptocurrency market is very volatile so we need to do research and analysis in order to make the right decisions,
Looking at the current market conditions it looks like it will fully recover and let's see what happens in the future