worle1bm
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November 14, 2021, 07:39:10 AM |
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You can make profits in any market if you are capable of it and have the right coin in your hands because if you think of taking profits with any hyped coin then it's hard so make sure the choice is correct and time to make profits is timed out in right way.
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zaesvlas
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November 14, 2021, 09:32:52 AM |
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As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.
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Mpamaegbu
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Crypto Casino and Sportsbook
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November 14, 2021, 11:33:59 AM |
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Look at cryptocurrency now; it's big.
Yeah, it's unbelievably big now. A few days ago the total marketcap crossed $3 trillion. I remember how the market struggled to touch $1trillion in 2017 but couldn't get there before the ultimate crash that came. Though I take into cognizance that we didn't have as much cryptos then as we've now, that's if someone wants to argue that the increased number could be responsible for the growth in marketcap. I'm much concerned about the organic growth the market is recording now than what price is doing currently. I know a lot of people who are of the opinion that most alts are shitcoins but that hasn't stopped a few alts recording tremendous successes. Nothing exists in isolation. Bitcoin can't exist in isolation. It can't be Bitcoin alone. Come to think of it, a lot of alts (genuine projects) have netted some people a lot of profit more than they imagined on ROI.
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tbct_mt2
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November 15, 2021, 05:13:38 PM |
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Yeah, it's unbelievably big now. A few days ago the total marketcap crossed $3 trillion. I remember how the market struggled to touch $1trillion in 2017 but couldn't get there before the ultimate crash that came.
Because the market in 2017 and 2020 to 2021 are different. In 2017, crypto has different project and each project has its own communities. Now since 2020, many projects were created and around it, we have real big ecosystems. Big projects nowadays are back-bones for other projects in its ecosystem. We have Polkadot, Solana, Fantom, Avalanche and more. I know a lot of people who are of the opinion that most alts are shitcoins but that hasn't stopped a few alts recording tremendous successes. Nothing exists in isolation. Bitcoin can't exist in isolation. It can't be Bitcoin alone. Come to think of it, a lot of alts (genuine projects) have netted some people a lot of profit more than they imagined on ROI.
Altcoins have many types and we can not say Shiba Inu is a good altcoin technically even it got a higher marketcap than Dogecoin
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dunfida
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November 15, 2021, 05:47:24 PM |
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As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.
On point and well said.It wouldnt matter on what kind of situation you are into whether into a bubble or just simply an organic kind of increase on a certain market which you are making out profits then whats the most important thing of all because if you do able to make out profits on certain conditions without any problems then that do simply shows that you are really doing well on this market. It will vary on how you do deal up with things and also not all would really be that good when it comes to these things.
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TheGreatPython
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November 15, 2021, 08:51:54 PM |
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It will vary on how you do deal up with things and also not all would really be that good when it comes to these things.
Yes, it will be difference between traders but when people are trying to make profits from bubble and then trying to shorting from the point of bursting of same bubble, the problem starts. In my opinion it is highly risky one because you cannot predict the endpoint of bubble but probably we need extraordinary level of technical analysis to find that. As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.
I agree with this but fishing on calm water will be much better option rather than trying on storm times. You must wait for your perfect time in market condition so that you will make consistent profits rather than looking for one time opportunities. So, other aspects are also important in my view.
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Sled
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November 15, 2021, 11:02:47 PM |
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snipped...
If your pretty sure that in the future you can get a profit, I guess you can stay with your plan mate. However, if there is something doubtful you better think of it of course. Just like for example NFT games nowadays are very trending where the majority of them are totally amazed but anytime soon the market could be gone that's the scary things I guess. As long as we can use the trend very well, I am sure we can make a profit and we should leave the trend before the trend is gone because that can make us wait for an unknown time. While the NFT trend is still in the market, we can try to search for other things that could help us to make more profit. But do not just stay at the NFT project as we have bitcoin that will become stronger than before so if we can have more bitcoin, that will give us a big profit than the NFT. Yeah, it can be a wise trick and we need to be careful to deal with that, or else, we are the ones who become the victim of this bubble. Apparently, we know that some of these projects are worthless, some did the amazing ride especially for gaming platforms but have to say that many are useless projects and are dying already. Research is very important for us and we don't tend to ignore this.
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blockman
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November 16, 2021, 08:38:29 AM |
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As for me, if a trader makes a profit, then other aspects simply fade into the background. The main thing is to make a profit.
It is the main reason why we're trading and doing that should be done according to your plan. Sometimes, it's not following your plan and all you've got to do is to just make as much as you can. Having that goal of making as much as you can during the bubble or not, as long as you know what you're up to, it is what you have to understand. And whenever the dips have come, you're not going to panic.
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doomloop
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November 16, 2021, 08:14:54 PM |
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We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
Well, if you look at this your idea is really making a lot of sense, if the price keeps going up it’s certainly going to reach a point where it is going to be triggered by one event or the other and that will lead to the price falling back to a lower price. So, that’s why it’s good to have a target but you would like to accomplish, when the market is going up you should sell at some point, but you may decide not to sell all the coins that you have just sell a part of it while the rest stays in your wallet in case the market should keep going on. If you’re holding a coin and you have no target at all, then you’re really not going to begin anything from it, and then what is the need for your investment? So it’s good to take profit sometimes and at least know that you are gaining from the asset you’re investing your money in.
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Silberman
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November 17, 2021, 08:31:43 PM |
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You could just avoid those ones and end up buying the real good ones? I mean there is nothing stopping you from buying real art turned into NFT as well. Maybe one day some real good painters stuff would be sold on NFT market as well, in form that "whoever owns this NFT holds the right to own the physical one as well that would be displayed in a museum condition", that way you could even buy Mona Lisa, you can't put it on your home, but it will be yours that will be shown to public in the museum.
However, all the data suggests that stuff like axie, apes, cryptopunks and all that are very bad drawn stuff, stuff that are totally worthless in art sense, and yet we are talking about millions of dollars for them. So artistic value is not something people look for in NFT at all.
There are too many underwater stones with NFT and no direct answers. It is always: maybe, perhaps, if X happens then Y would be Z. If I buy a physical painting from a famous artist, I can be sure that with time, its value would only grow. But with NFT, there are still too many scenarios that might turn my investment into zero. I can hang real painting and enjoy it. I can boast with it for example. But with NFT, if I show people around it, with 99.9% chance they would say that the Internet is full of pictures. Exactly, even if somewhere on the Internet there is some evidence that you are the one that owns a digital image, if anyone else can still enjoy the same image and do so just as you do then there is not really any difference between owning and not owning that image, this is why I have problems thinking this is going to actually become popular with collectors once this bubble ends, as the whole point of collecting something is to be able to enjoy something almost exclusively, something which is not possible with NFTs.
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ven7net
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November 17, 2021, 08:57:40 PM |
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We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
Personally, I also believe that the crypto market is cyclical and in order to see an even greater rise in the price of cryptocurrencies in the future, you need to gain strength, and for this you need a dump of prices for crypto assets. You are also right that this has happened more than once, which means there is a high probability that it will happen again. Right now we are in a very interesting situation, since we are on the verge of a new flight to the moon, but the main thing is not to deceive ourselves and draw unreal profits. Already now, you should clearly understand what you expect from the future rise in prices, as well as from the subsequent fall. This is what will allow you to save and increase your funds.
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Kasabus
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November 17, 2021, 09:15:00 PM |
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We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
Personally, I also believe that the crypto market is cyclical and in order to see an even greater rise in the price of cryptocurrencies in the future, you need to gain strength, and for this you need a dump of prices for crypto assets. You are also right that this has happened more than once, which means there is a high probability that it will happen again. Right now we are in a very interesting situation, since we are on the verge of a new flight to the moon, but the main thing is not to deceive ourselves and draw unreal profits. Already now, you should clearly understand what you expect from the future rise in prices, as well as from the subsequent fall. This is what will allow you to save and increase your funds. Well, the market won't certainly remain to be bullish all the time. There will really come a time that bearish season will take over the bullish season but at least, we are already aware of that and there's nothing to worry. What is important is that we can maximize making profits while the market still allows us, seeing most of the crypto coins are experiencing bullish prices. And when the market turns bearish, at least we have huge funds already to take advantage of the market. By simply buying and holding in times of bearish, it will open bigger chances again to end up gaining huge profits in the future, so just relax and make the most of it from every market's situation that comes.
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matchi2011
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Buy $BGL before it's too late!
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November 18, 2021, 04:48:30 AM |
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We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
Personally, I also believe that the crypto market is cyclical and in order to see an even greater rise in the price of cryptocurrencies in the future, you need to gain strength, and for this you need a dump of prices for crypto assets. You are also right that this has happened more than once, which means there is a high probability that it will happen again. Right now we are in a very interesting situation, since we are on the verge of a new flight to the moon, but the main thing is not to deceive ourselves and draw unreal profits. Already now, you should clearly understand what you expect from the future rise in prices, as well as from the subsequent fall. This is what will allow you to save and increase your funds. It's a good opportunity for everyone who knows how to ride with the current hypes. The important thing here is if you are willing to take the risk, the bubble or the new hypes might end much quicker than how you expected it, so make sure that you are ready if ever that the train already left before you think it will start to engine up. Expectations are not always correct, the market can go sideways, and that's the reality when investing, especially inside crypto high volatility will burn your investment if you failed to predict the right market directions.
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gabbie2010
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November 18, 2021, 06:01:58 AM |
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My opinion for the traders is always that they should take the profit from the market and then leave at a site, but most of the people due to their greed losses their most of the money, I always suggest that whether your profit is small or great then it will give you more profit, as I had seen a lot of people doing mistake in following other strategies.
That is exactly what I does whenever there is unusual hype that resulted in the pump in the price of bitcoin, irrespective of whether the price is bullish or bearish, just like the present minor correction experienced by the price, I always ensured that my profits are locked with a trailing stop bearing in mind that the bullish or bearish runs wouldn't last forever, I was once greedy having refused to take profits appropriately which culminated to incurring losses, I learnt my lessons and mistake thus making me to become a better trader.
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palle11
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November 18, 2021, 12:08:06 PM |
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My opinion for the traders is always that they should take the profit from the market and then leave at a site, but most of the people due to their greed losses their most of the money, I always suggest that whether your profit is small or great then it will give you more profit, as I had seen a lot of people doing mistake in following other strategies.
I was once greedy having refused to take profits appropriately which culminated to incurring losses, I learnt my lessons and mistake thus making me to become a better trader. I have learnt this also. Whenever there is a hype I expect that after sometime traders are going to cash out then I follow up with that too. When this happens the price can go down but it will recover but before it will recover may take sometime and that means delayed trade and stocked up cash, instead of waiting I consider to cash out to stay outside and wait for a time to go in.
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perfect999
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November 18, 2021, 06:48:38 PM |
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When this happens the price can go down but it will recover but before it will recover may take sometime and that means delayed trade and stocked up cash, instead of waiting I consider to cash out to stay outside and wait for a time to go in.
Cash out definitely not an option for long term holder. I am glad and proud to say that I am one of them. All corrections and recovery are temporary in my view even such corrections are lasting for months to years. Moreover, I am afraid to stay outside because I do not want to miss out any rally which may happen beyond ATH or beyond my selling levels. Making profits for me not a concern because I just plan for using bitcoins rather than converting them into my local fiats. All long term holders are already into profits hence any bubble or crash is least bothered.
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Silberman
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November 20, 2021, 08:50:55 PM |
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We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
Personally, I also believe that the crypto market is cyclical and in order to see an even greater rise in the price of cryptocurrencies in the future, you need to gain strength, and for this you need a dump of prices for crypto assets. You are also right that this has happened more than once, which means there is a high probability that it will happen again. Right now we are in a very interesting situation, since we are on the verge of a new flight to the moon, but the main thing is not to deceive ourselves and draw unreal profits. Already now, you should clearly understand what you expect from the future rise in prices, as well as from the subsequent fall. This is what will allow you to save and increase your funds. Some may find this to not make much sense at all but it does, this is similar to what happens after a huge fire has devastated a forest, while on the surface it looks awful the fire gives new space for new trees to grow and develop, so while a crash in the market is seen by many as a negative outcome the truth is that such a crash eliminates a great deal of the scams and bad coins from the market that appeared since the last crash, so it is a way to clean the maker of cryptocurrencies of all of those undesirable coins and their developers.
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2double0
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November 20, 2021, 08:57:16 PM |
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Your short position can only sustain if it has the potential to absorb the possible loss that can happen with btc going more high before taking a dive, so your leverage and level of market intelligence is much more important. I can take risks even with high leverage and decide some areas where I can enter partially because taking an all-in entry would be foolish and can take away my capital if gone wrong.
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LUCKMCFLY
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November 29, 2021, 12:23:52 PM |
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Days ago I saw a post on YouTube, which said that you can make money taking advantage of scam projects, which are known from the outset that they are scams, well this YouTuber does many things to get money from those scams, I think this is very similar to what uqe says on the subject of getting money from a bubble, because in the end being a bubble it is a scam, and to my personal criteria I think that I would never risk it, firstly because I have no such ability and secondly I am sure that if I tried I don't think I'm doing well.
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Vaculin
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November 29, 2021, 06:32:58 PM |
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When this happens the price can go down but it will recover but before it will recover may take sometime and that means delayed trade and stocked up cash, instead of waiting I consider to cash out to stay outside and wait for a time to go in.
Cash out definitely not an option for long term holder. I am glad and proud to say that I am one of them. All corrections and recovery are temporary in my view even such corrections are lasting for months to years. Moreover, I am afraid to stay outside because I do not want to miss out any rally which may happen beyond ATH or beyond my selling levels. Making profits for me not a concern because I just plan for using bitcoins rather than converting them into my local fiats. All long term holders are already into profits hence any bubble or crash is least bothered. Well, good to know that you really want to make use of bitcoin as a currency in the future and not just as a pure investment. And i think bitcoin will be able to perform its goal if it will also be used as a payment method than just simply using it as a means for investment. However, i don't think that we are making profits from a bubble as bitcoin itself is definitely not a bubble. We are making profits because its really a potential investment and its always expected that it won't settle for any low value but more on a higher value. Bitcoin may be a bubble for some that any time it will burst but for us long term holders of bitcoin, we are not seeing it as a bubble so we're not threaten for any price corrections or price dumps.
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