What should we do in the sideways market of Bitcoin?

[Jontokhan65]

Market is very unpredictable, you will just lose money if you sold your crypto at a low price because you think it will dump more in the next coming days.

Yes you are right because Bitcoin is dumping many are selling at low prices. They may think that bitcoin will be more dumping in front of it so they are now selling at a low price. They may not know that Bitcoin had been dumping in 2018 and it's okay again. Now maybe Bitcoin has been dumping and it's okay in the future if they sell it, they can get a good profit.

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[Kelvinid]

Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.

Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.

[passwordnow]

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

Trade if you've got some spare to trade and play with that money while you've got a strong long position and you're only waiting for its time. That's all that you have to do if you got some spare and you want to trade and play with the market but in my position, I'm done with that and I'm not going to bet anymore with the market and play with my money. It's safer to hold and wait until the market goes on high again and sell by that time. I've just learned my lesson and that's what I have to do to avoid the same mistakes that I've committed.

[Anonylz]

That is if you have a long-term vision. If you believe that Bitcoin has a great future because of its intrinsic properties and what it can bring to the future of humanity, in a sideways market you simply have to keep buying. The prices now, in a cycle or two are going to look like a bargain.

Exactly, but many people are emotional traders and can not stand to see price dip, we have many short term than long term investors reason why we are in this present state, long term goal is only in theory and not in practice for many, anyone who believe btc will break this current price will not be too worried instead they accumulate as much as they are able,  opportunities like this eliminate the chance of making such "^{is it too late to buy post}" when btc is on a bull market.

[Lee_Mire]

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

Unless you are an experienced trader, I would advise you avoid trading in a sideways market. The market chop is ruthless when the market is undecided.

[BitcoinPanther]

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

I definitely agree with you that the sideway movement of the market is on of the best time to accumulate Bitcoin specially when it just undergone a huge crash.  This is also one of the sign that whales are slowly accumulating not to trigger a hype and a possible market price surge.

[pakhitheboss]

In my opinion the best strategy is to hodl and if possible accumulate more. Last year Bitcoin traded sideways for a preety long period and bull market started end of the year and went on for the first half of this year. Now correction is happening and it is right time to accumulate more and keep on holding the existing one.

[sarmrakib]

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

Its a easy thing that you need to be patient when it is on sideways .If you do gambling with the trade you will surely loose your money .I always hold the sideways situation until it takes the right momentum to go through .I think we all need to wait until a trend come .We have seen the sideways over the month of june now i think some changes will come soon and we can enter on the market .So guys hold you nerve on this situation something better will come for sure .

[Mpamaegbu]

Sideways market is the best trend to trade. It's called a ranging market. All one has to do during a sideways market is to identify the range the market is trading and then begin to do a support and resistance thing with it. Buy when it hits support and then sell once it hits resistance. Notably, Bitcoin has been in a range for the 7th week running now since May 19, 2021 between prices of $30,718 and $40,920. Until Bitcoin gets out of that range, can we consider whether an uptrend or downtrend has begun.

[pixie85]

If you want to flip bitcoin and get as much fiat as possible in the shortest time, you could take advantage of the market and trade it. Like when the price is at 35000 you put a buy at 30 and wait, then wait for it to recover and sell. You can see that many people are doing it because charts are showing what's going on.

If you were to buy around 3000 and sell at 35 last month you'd be making 5000 usd almost every week.
Like in May.

19 buy
20 sell
23 buy
25 sell

Jun
8 buy
10 sell
22 buy
24 sell

[Quidat]

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

Honestly, sideways market or doesnt have that much volatility is the time on where i dont like the most.Why? You would really be confused on where the market could possibly go.
It doesnt always mean that if the market do make out sideways then next would be a pump? You shouldnt really think off this way because there would be always two possible
scenario could happen and this is where own analysis do sets in because if we do really mind off on making profits then positioning yourself would be your next move.
You can see indications and possibly path that it would be heading next but since this is crypto then any analysis could really be fucked up.

[CryptopreneurBrainboss]

***

It can go two ways, the first is quite riskier as the market can leave you behind at any moment and you can lose all as well make some decent profits especially if your predictions are right. Those that have been trading Bitcoin during the weekends, in the last couple of weeks hasv already made a decent amount of profits as from the charts excluding this last weekend, Bitcoin has always dropped in value.

Now if you don't have experience in trading and also haven't perfect the skills then Dollar coat averaging is another way to go about the market. In simple terms it requires you buying in batches and holding instead of going in at ones. This strategy gives rooms for opportunity of buying more incase there's a decline in price after you have already bought some.

Both strategy can be used effectively and you'll come out profitable in the market. While accumulating and holding is more advice is because it's the easiest of them all and more secure in regards to profiting although you have to be patience for the market to recover.

[Ryker1]

In my opinion the best strategy is to hodl and if possible accumulate more. Last year Bitcoin traded sideways for a preety long period and bull market started end of the year and went on for the first half of this year. Now correction is happening and it is right time to accumulate more and keep on holding the existing one.

Well, that is a good opinion, and traded sideways will perhaps very risky to other because you don't know the exact time of executing the buy and sell. But the sideways trend is very common on bitcoin price, just like what happened right now that bitcoin was struggling on the range price of $32-36k because of this up and down movement of bitcoin price. If the market is in a sideways position, I suggest to stop for a while trading in the market, --instead, just accumulate more and hold your portfolio safe. Sometimes it is good to spend our bitcoin but yet, I always good to store the value of bitcoin.

[Ziskinberg]

It is really hard to make a clear decision when the market behaving that way. Traded cautiously is only a thing it helps, we need to be careful otherwise, we lose a lot. That gives me a reason why I don't just trade Bitcoin this time, I'll choose altcoins in the meantime while Bitcoin is so tricky and finds it too hard to predict what will be its next move.

@OP,
If you were not able to make a clear decision, I suggest not to trade. Or, go for altcoins just like what I did.

[kawetsriyanto]

When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.

[Scarlett7777]

Accumulate is the best thing to do now if you can still afford to but I don't recommend going all-in as crypto market is very volatile. Seeing their previous highs will bring us quick profit once the market starts to rally again. We've been consolidating for many weeks now so this is a sign that whales are accumulating. I don't think we can go lower than $30k at this point as bulls are strongly defending that support. There is no point selling at this moment if you're at loss like you bought during bull season. Market is very unpredictable, you will just lose money if you sold your crypto at a low price because you think it will dump more in the next coming days.

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

True, now that the market is mostly trading sideways is a good time to keep accumulating once you have the funds to do so and I believe that this might also mean that the market must have already bottomed out since the last time we saw $29k+ and it is just steadily going sideways and we might also start to witness an uptrend in the coming months.

Look it depends on peoples mind. What they want or how they want to Overcome there situation. I know you mention this sideways all because of to overcome from this loss situation. People can easily make a decent profit and live a tensedless life. All people are in tensed beause of huge loss. So though to share this. Which is a novel vertue. But my question is, is it will be truely working for us or not? Because sideways also a trading strategy right now. And the market is unpredictable now its aware me. Now can't understand anything. Thank you

As far as the current market is concerned, we are constantly tormenting us, and we are constantly washing down all the unsteady holders through shocks back and forth. Whether you are optimistic about Bitcoin, suppressing Bitcoin, or praising Bitcoin, as long as Bitcoin does not die, There is only one result-that is, the worldwide public awareness of Bitcoin continues to increase, and the global consensus continues to increase.

[crzy]

When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.

Sideways trend are for those who actively monitor the market, especially the day trader since the market is very volatile and the price can change that easily. We should always focus on the strategy that you've set-up, we all have different activities during the sideways and personally, I prefer to hold than to trade and catch the market because it's too hard for me to deal with volatility everyday.

[Scarlett7777]

When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

Honestly, sideways market or doesnt have that much volatility is the time on where i dont like the most.Why? You would really be confused on where the market could possibly go.
It doesnt always mean that if the market do make out sideways then next would be a pump? You shouldnt really think off this way because there would be always two possible
scenario could happen and this is where own analysis do sets in because if we do really mind off on making profits then positioning yourself would be your next move.
You can see indications and possibly path that it would be heading next but since this is crypto then any analysis could really be fucked up.

Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.

Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.

Holding and stacking up some BTCs during the sideways market is the best long-term strategy for now. If you day trading in the sideways market, it’s gonna be much riskier than ever, especially if you position yourself in a wrong way. We just don’t know when will it go up or down as the market is very unpredictable right now.

Only linear logic. The total amount of Bitcoin remains unchanged,
1. Smart traders earn bitcoins in your hands in daily transactions.
2. I have to sell coins to improve my life,
3. The private key is lost,
4. The person leaved the world but did not leave any private key backup, etc.,
The emergence of these situations will cause the number of bitcoins hand to become less and less. Perhaps we are wrong to think that the number of bitcoins is 21 million unchanged, and that bitcoins will only become scarcer.

[Mistafreeze]

Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.

Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.

The market has been moving sideways for long now without any proper direction of where it possible move could be. The sideway movement is the current pendulum pattern of the market now which is somehow obvious to trade if one is skilled in trading ranging market.
To trade this pendulum patterns, the continuous analysis of the price chart will be of good importance, reading and interpreting chart patterns to correlate it with the be latest price movement.

[jaberwock]

Market is very unpredictable, you will just lose money if you sold your crypto at a low price because you think it will dump more in the next coming days.

Yes you are right because Bitcoin is dumping many are selling at low prices. They may think that bitcoin will be more dumping in front of it so they are now selling at a low price. They may not know that Bitcoin had been dumping in 2018 and it's okay again. Now maybe Bitcoin has been dumping and it's okay in the future if they sell it, they can get a good profit.

I hate people selling at low prices because they are eventually contributing to the bear market by selling. Then I also feed bad for some because not everyone has a humongous capital and they cannot risk the market crashing even further. Not everyone has a backup plan or secondary job so they have to cut their losses as much as they can.

If you ask anyone who sold their coins for cheap, to honestly answer this: "Do you really feel BTC will never go up again?" they will almost all answer they believe it will go up, but because it might be their life savings, they cannot just risk it either. Some people are doing leverage and futures trading and hence they automatically lose when a big crash takes place.