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Author Topic: Who’s itching to buy?  (Read 907 times)
Anders_Bitcoin (OP)
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May 10, 2022, 07:02:30 AM
 #1

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
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May 10, 2022, 07:28:39 AM
 #2

You want to open a long position, to be at the safest side this time, go for bitcoin and do not use more than 2x margin ratio, you can use more than that if you are an expert and want to close the position very early. For altcoins, never use leverage, just go 1x. Using 1x means it is long term without liquidation for long position even if the price fall further but as the price rise you will make money.

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May 10, 2022, 07:29:59 AM
 #3

Price didn't breakout that $30K support level and its starting to retrace, it could be a good time to buy if you like the thrills. Or you could wait for next week's candle to green and start buying.

For altcoins sure you can buy, they are all cheaper two months ago. Most of their charts follows BTC price, whichever you may chose its the same.



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May 10, 2022, 08:44:08 AM
 #4

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

No one will answer you with the most accurate result that it will.

We're all speculators here and whoever has the say that has a sense, maybe you can rely on that. But if experience wise, this is always like this and you know it.

After the dump, there's a recovery period that will come back and it won't always be at the bottom. Right now, if you're into this opportunity, DCA is the perfect strategy as you've already known.

I'm sure that it will recover although we won't be sure how long until it goes back to $40k.

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Anders_Bitcoin (OP)
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May 10, 2022, 09:21:22 AM
 #5

You want to open a long position, to be at the safest side this time, go for bitcoin and do not use more than 2x margin ratio, you can use more than that if you are an expert and want to close the position very early. For altcoins, never use leverage, just go 1x. Using 1x means it is long term without liquidation for long position even if the price fall further but as the price rise you will make money.
If the recovery takes a long time, won't I pay a fee every day for using the margin?
Anders_Bitcoin (OP)
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May 10, 2022, 09:28:44 AM
 #6

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

No one will answer you with the most accurate result that it will.

We're all speculators here and whoever has the say that has a sense, maybe you can rely on that. But if experience wise, this is always like this and you know it.

After the dump, there's a recovery period that will come back and it won't always be at the bottom. Right now, if you're into this opportunity, DCA is the perfect strategy as you've already known.

I'm sure that it will recover although we won't be sure how long until it goes back to $40k.
I expected May to be green, it seems to me we need a little time, maybe about two months to hold on and not fall lower, then it will be a sign for a big growth
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May 10, 2022, 09:35:05 AM
 #7

The risks of margin trading are pretty big and the market is a bit unstable/risky too, increasing the chances to get burned.
Maybe you're itching to buy, and I don't tell you to do or don't, just be careful.

I will tell about altcoins. Iirc they have a history of following Bitcoin crash and even crash more, just a little delayed. So, again, careful and read more.
I know that Monero, for example, which pumped greatly in the past days, now (for some 24h) is dumping.

So imho DCA is still the safer call  Wink, however, please decide yourself for your money.

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Anders_Bitcoin (OP)
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May 10, 2022, 09:42:56 AM
 #8

The risks of margin trading are pretty big and the market is a bit unstable/risky too, increasing the chances to get burned.
Maybe you're itching to buy, and I don't tell you to do or don't, just be careful.

I will tell about altcoins. Iirc they have a history of following Bitcoin crash and even crash more, just a little delayed. So, again, careful and read more.
I know that Monero, for example, which pumped greatly in the past days, now (for some 24h) is dumping.

So imho DCA is still the safer call  Wink, however, please decide yourself for your money.
I understand that the risk increases when trading alts, as they are more volatile. But not all of them follow the bitcoin graph in some cases. Recent examples with the same monero, doge, tron
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May 10, 2022, 09:59:51 AM
 #9

I understand that the risk increases when trading alts, as they are more volatile. But not all of them follow the bitcoin graph in some cases. Recent examples with the same monero, doge, tron

I don't think altcoins are more volatile than bitcoin. However if you want to trade it use a very low leverage incase it happens to start regaining for retracement because bitcoin can do so. Most altcoins do follow the bitcoin move including all the coins you have mentioned and to let you know that, all of the coins you mentioned are on bear because of bitcoin has been falling too.
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May 10, 2022, 10:02:05 AM
 #10

Based on my analysis on the current market I think it is going downwards or more bearish but I am still unsure with my prediction, if the price of the Bitcoin will exceed $33k or $34k then I think I am wrong with my prediction. So far majority of my holdings is in stable coin to avoid unnecessary crashes in the future.


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Anders_Bitcoin (OP)
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May 10, 2022, 10:04:47 AM
 #11

I understand that the risk increases when trading alts, as they are more volatile. But not all of them follow the bitcoin graph in some cases. Recent examples with the same monero, doge, tron

I don't think altcoins are more volatile than bitcoin. However if you want to trade it use a very low leverage incase it happens to start regaining for retracement because bitcoin can do so. Most altcoins do follow the bitcoin move including all the coins you have mentioned and to let you know that, all of the coins you mentioned are on bear because of bitcoin has been falling too.
I meant a lot of volatility, when bitcoin loses 3% in price, for example, then alts sinks by 6% or 9%, that is, 2 or 3 times more, or even 4, and so on. But also in a bull run during the consolidation of bitcoin, alts also shoot at plus 20-50% in a day or two
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May 10, 2022, 10:42:20 AM
Merited by Dunamisx (2)
 #12

If the recovery takes a long time, won't I pay a fee every day for using the margin?
You will not pay any fee as long as you did not close the trade. What take fee is the opening and closing of the position. If you mean interest, if you use 1x, it is your money and no interest, the more the margin ratio, the more the interest the exchange will charge you, but I do not expect you to use high margin ratio.

The risks of margin trading are pretty big and the market is a bit unstable/risky too, increasing the chances to get burned.
You can decide to just use 1x or low leverage like 2x. I use 2x for bitcoin but 1x for altcoin. But you are right as the margin ratio is increasing, the risk is higher.

I meant a lot of volatility, when bitcoin loses 3% in price, for example, then alts sinks by 6% or 9%, that is, 2 or 3 times more, or even 4, and so on. But also in a bull run during the consolidation of bitcoin, alts also shoot at plus 20-50% in a day or two
That is what happened since four days ago, it has always been happening like that too, altcoins are more risky, but if the trade go in the trader's direction, it would be a big profit.

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Anders_Bitcoin (OP)
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May 10, 2022, 11:56:15 AM
 #13

If the recovery takes a long time, won't I pay a fee every day for using the margin?
You will not pay any fee as long as you did not close the trade. What take fee is the opening and closing of the position. If you mean interest, if you use 1x, it is your money and no interest, the more the margin ratio, the more the interest the exchange will charge you, but I do not expect you to use high margin ratio.

The risks of margin trading are pretty big and the market is a bit unstable/risky too, increasing the chances to get burned.
You can decide to just use 1x or low leverage like 2x. I use 2x for bitcoin but 1x for altcoin. But you are right as the margin ratio is increasing, the risk is higher.

I meant a lot of volatility, when bitcoin loses 3% in price, for example, then alts sinks by 6% or 9%, that is, 2 or 3 times more, or even 4, and so on. But also in a bull run during the consolidation of bitcoin, alts also shoot at plus 20-50% in a day or two
That is what happened since four days ago, it has always been happening like that too, altcoins are more risky, but if the trade go in the trader's direction, it would be a big profit.
That's why I'm adding alts to my portfolio. Such a diversification of profit and risk  Smiley
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May 10, 2022, 01:41:24 PM
 #14

Based on my analysis on the current market I think it is going downwards or more bearish but I am still unsure with my prediction, if the price of the Bitcoin will exceed $33k or $34k then I think I am wrong with my prediction. So far majority of my holdings is in stable coin to avoid unnecessary crashes in the future.
Bitcoin is the most trending bear in the space currently. Bitcoin will make so many people rich in the nearest future and will also send the majority back to trenches. It's all about choosing the right choice or alternative. Bitcoin have finally break the support of $32k and it has hits $29k. Although it will still retraced back massively but for now, due to some actions price and whales selling their Bitcoin are all the causes of the dump of Bitcoin. I'm still waiting for Bitcoin to hits $27k before opening my futures trading and placing long on Bitcoin. Perhaps i have converted all my coins to stable coins, because the dip will last for a week. This is one of the major dips Bitcoin have ever experienced. People that are massively in Profits are those that short Bitcoin on futures with leverage of 30x or 60x.
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May 10, 2022, 01:50:24 PM
 #15

Before you buy anything, you need to analyze. At the same time, you should clearly understand for yourself that the quality of the analysis based on the results will affect the results of the trader's work.
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May 10, 2022, 02:00:00 PM
 #16

You know DCA but it's clear that your intention was to promote the exchange and it seems noticeable on how you posted it. Prove me wrong but that exchange is news to my ear and sorry if I give you the benefit of the doubt here. I'd say don't go with alts even if they are at top 100, go with those alts that has 11 figures of market cap, they're more better than the others you see at top 100, you'd be blind by just the low prices or how did they fall at a faster rate.
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May 10, 2022, 02:12:25 PM
 #17

Based on my analysis on the current market I think it is going downwards or more bearish but I am still unsure with my prediction, if the price of the Bitcoin will exceed $33k or $34k then I think I am wrong with my prediction. So far majority of my holdings is in stable coin to avoid unnecessary crashes in the future.
Bitcoin is the most trending bear in the space currently. Bitcoin will make so many people rich in the nearest future and will also send the majority back to trenches. It's all about choosing the right choice or alternative. Bitcoin have finally break the support of $32k and it has hits $29k. Although it will still retraced back massively but for now, due to some actions price and whales selling their Bitcoin are all the causes of the dump of Bitcoin. I'm still waiting for Bitcoin to hits $27k before opening my futures trading and placing long on Bitcoin. Perhaps i have converted all my coins to stable coins, because the dip will last for a week. This is one of the major dips Bitcoin have ever experienced. People that are massively in Profits are those that short Bitcoin on futures with leverage of 30x or 60x.
It's just those people with big bags who invested more than they should, and now they are worried about their losses and are selling in a panic to save at least something. In my opinion, there is no need to compare the number of cryptocurrencies in the portfolio in the equivalent of a dollar, just keep accumulating for an amount that is not significant
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May 10, 2022, 02:13:45 PM
 #18

My hands itching to buy DOGE somehow for quick profits and after that bitcoin obviously. This is not out of some Elon shit but because I Love how DOGE keeps dodging itself now and then with few cents. Imagine if I just manage to day trade it then how much profits I can grab. That’s what I think about DOGE so that would be my first investment in this bearish market. On the other hand I’m looking after bitcoin but only after I get some savings done from my part time job. Will be surely buying it.
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May 10, 2022, 02:23:21 PM
 #19

Before you buy anything, you need to analyze. At the same time, you should clearly understand for yourself that the quality of the analysis based on the results will affect the results of the trader's work.
Only fundamental solutions
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May 10, 2022, 02:30:53 PM
 #20

You know DCA but it's clear that your intention was to promote the exchange and it seems noticeable on how you posted it. Prove me wrong but that exchange is news to my ear and sorry if I give you the benefit of the doubt here. I'd say don't go with alts even if they are at top 100, go with those alts that has 11 figures of market cap, they're more better than the others you see at top 100, you'd be blind by just the low prices or how did they fall at a faster rate.
I don't understand how to prove this, and also could you explain how the difference in one value in capitalization plays role?
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May 10, 2022, 02:31:54 PM
 #21

(....)

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Just avoid catching falling knives. Not all dips are good to buy because you can't guarantee that that is already the bottom, because what if the dip will continue.
That's why some traders are intended to buy on a pullback or once the price is already starting to bounce, but still, if your entry is good on the dip, no problem, it's still good.

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May 10, 2022, 02:42:53 PM
 #22

My hands itching to buy DOGE somehow for quick profits and after that bitcoin obviously. This is not out of some Elon shit but because I Love how DOGE keeps dodging itself now and then with few cents. Imagine if I just manage to day trade it then how much profits I can grab. That’s what I think about DOGE so that would be my first investment in this bearish market. On the other hand I’m looking after bitcoin but only after I get some savings done from my part time job. Will be surely buying it.
I am stopped by the thought that Elon can write about the sale of his DOGE and in this case, if he really has 30% emission, DOGE rate will roll below the bottom
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May 10, 2022, 02:55:22 PM
 #23

(....)

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Just avoid catching falling knives. Not all dips are good to buy because you can't guarantee that that is already the bottom, because what if the dip will continue.
That's why some traders are intended to buy on a pullback or once the price is already starting to bounce, but still, if your entry is good on the dip, no problem, it's still good.
But this price seems low and good to buy, despite the fact that might be aren't knives
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May 10, 2022, 04:02:40 PM
 #24

You know DCA but it's clear that your intention was to promote the exchange and it seems noticeable on how you posted it. Prove me wrong but that exchange is news to my ear and sorry if I give you the benefit of the doubt here. I'd say don't go with alts even if they are at top 100, go with those alts that has 11 figures of market cap, they're more better than the others you see at top 100, you'd be blind by just the low prices or how did they fall at a faster rate.
I don't understand how to prove this, and also could you explain how the difference in one value in capitalization plays role?
Well, the more liquid the asset the less it is to be affected by a series of decrease especially if we're in bear or volatile time in the space. You see, Bitcoin has the huge market cap among the rest and if you take a look at most altcoins when the market experience a decline, less market cap tokens tend to nosedive more compare to Bitcoin or other alts out there that has huge market cap.
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May 10, 2022, 06:45:01 PM
 #25

Price didn't breakout that $30K support level and its starting to retrace, it could be a good time to buy if you like the thrills. Or you could wait for next week's candle to green and start buying.

For altcoins sure you can buy, they are all cheaper two months ago. Most of their charts follows BTC price, whichever you may chose its the same.


This is indeed a good moment to buy, the market is in panic mode and when that happens then you can find the best assets at ridiculously low prices.

Even then I think it would be a mistake to invest everything in a single move, it is better to take a safer approach and begin buying bitcoin as it goes lower and lower while keeping some cash in reserve, this way you can catch a better price as bitcoin goes down, now it is true that if the price does not goes as low as you thought then you will keep some fiat in your account unused, but you can always use that fiat whenever there is another important decrease in the markets in the future.

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May 10, 2022, 08:24:35 PM
 #26

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.

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May 10, 2022, 08:43:24 PM
 #27

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.
The temptation is really there on which you do really have that kind of urge feeling to go all in even it do means that you would need to sell out something or your current assets or possessions just for you to buy cheap

coins as of this point.No one really knows on when would be the sudden u turn of the trend but we could really say that bearish moments doesnt last forever which basically means that
recovery is really always next on the line.

For now i had secured out some amounts but not really that enough i would say but never go all in just because of that.

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May 10, 2022, 09:10:18 PM
 #28

Price didn't breakout that $30K support level and its starting to retrace, it could be a good time to buy if you like the thrills. Or you could wait for next week's candle to green and start buying.
the thing is that let op not use what he can not afford to lose,  using 1x should be more advantageous than using 2x because of the condition of the market.

For altcoins sure you can buy, they are all cheaper two months ago. Most of their charts follows BTC price, whichever you may chose its the same.
is not all about buying new cheaper altcoins, is all about the potential of the project, do you know that whenever new project is launched it always come competite or been a competitor with bitcoin for the initial, and such step really deserve people not to research about the proportion or how potential is the coin. Don't because of a project is cheap and purchase it, without knowing the productivity.

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May 10, 2022, 09:23:37 PM
 #29

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.

This is the kind of decision you need to go over and over again as you will be selling some of your possessions in exchange of a volatile asset. Sure, if you have other means of living or you can very well survive even going all in with btc. The price is really tempting right now, even at 31-32k is a very good price range to get in. Because if we will think of it, what if btc will increase in the next few months to like 40k, you're already in very good profits. But of course, most won't sell it at 40k, they will wait for more.
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May 10, 2022, 09:58:09 PM
 #30

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
Wowswap exchange? Honestly, this is my first time hearing about this exchange. I also cannot find this exchange on CMC, is this platform safe and legit?
Btw, doing DCA to buy Bitcoin during this market condition may be wise enough. At least we are not all in one time because we still don't know where the Bitcoin price will go, maybe it will be decreasing again or increase. That is why I think that buying some by some, step by step of BItcoin is a good choice.

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Diversifying funds to buy also some altcoins is also one of the wise strategies. But to be remembered,buying altcoins may be very risky than buying Bitcoin. That is why it is better to buy altcoins with lower risks and higher chances to rise up in the future after thebear run.

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May 10, 2022, 10:21:04 PM
 #31

(....)

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Just avoid catching falling knives. Not all dips are good to buy because you can't guarantee that that is already the bottom, because what if the dip will continue.
That's why some traders are intended to buy on a pullback or once the price is already starting to bounce, but still, if your entry is good on the dip, no problem, it's still good.
But this price seems low and good to buy, despite the fact that might be aren't knives
If you feel this way, just go and buy as much as you can but just make sure you invested with a high potential project which means it has progressed makes the price have a strong foundation in the market, and surely will not further drop beyond as Bitcoin price movement.

You can buy and then watch closely the market price movement, diversify your investment into a stable coin when see there's a continuous drop upon the price of purchase, or else, hold it for a long term which is a pretty safe plan.

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May 11, 2022, 10:53:48 AM
 #32

No one will answer you with the most accurate result that it will.

We're all speculators here and whoever has the say that has a sense, maybe you can rely on that. But if experience wise, this is always like this and you know it.

After the dump, there's a recovery period that will come back and it won't always be at the bottom. Right now, if you're into this opportunity, DCA is the perfect strategy as you've already known.

I'm sure that it will recover although we won't be sure how long until it goes back to $40k.
I expected May to be green, it seems to me we need a little time, maybe about two months to hold on and not fall lower, then it will be a sign for a big growth
Yes, that's all about it.

We need time until we see the market goes back in being green again. This is to be expected as for the consecutive past months, bitcoin has performed very well for a quick pump and that won't happen forever.

If you're okay to hold for that long, then do it. There are many of us here who's even holding since the last bear market of 2018 until now, so this is easy.

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May 11, 2022, 11:13:09 AM
 #33

Price didn't breakout that $30K support level and its starting to retrace, it could be a good time to buy if you like the thrills. Or you could wait for next week's candle to green and start buying.

For altcoins sure you can buy, they are all cheaper two months ago. Most of their charts follows BTC price, whichever you may chose its the same.


This is indeed a good moment to buy, the market is in panic mode and when that happens then you can find the best assets at ridiculously low prices.

Even then I think it would be a mistake to invest everything in a single move, it is better to take a safer approach and begin buying bitcoin as it goes lower and lower while keeping some cash in reserve, this way you can catch a better price as bitcoin goes down, now it is true that if the price does not goes as low as you thought then you will keep some fiat in your account unused, but you can always use that fiat whenever there is another important decrease in the markets in the future.
I dedicate some of my stablecoins to buying every time bitcoin falls to the values I have indicated. Nevertheless, even when bitcoin went up, I continued to accumulate it
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May 11, 2022, 11:18:43 AM
 #34

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
You can start buying bitcoin or altcoins little by little, in batches. If crypto market continues to fall, then you can buy more at a low price. Likewise, on some of your money at different times. This will average out the purchase price.

What do you think about the current bear run, will it turn around?
Sooner or later, the bear market will end and the uptrend will begin. It is as natural as the change of seasons.

Will we get on the big green planes?
I'm sure it will happen, only it's a thankless task to try to guess the date when it will happen.

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
The safest among all cryto is still bitcoin. Buying alts in a falling market carries great risks, but if you are lucky, it also promises big profits. Your investments are your risks, so it's up to you to decide.

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May 11, 2022, 11:23:28 AM
 #35

You know DCA but it's clear that your intention was to promote the exchange and it seems noticeable on how you posted it. Prove me wrong but that exchange is news to my ear and sorry if I give you the benefit of the doubt here. I'd say don't go with alts even if they are at top 100, go with those alts that has 11 figures of market cap, they're more better than the others you see at top 100, you'd be blind by just the low prices or how did they fall at a faster rate.
I don't understand how to prove this, and also could you explain how the difference in one value in capitalization plays role?
Well, the more liquid the asset the less it is to be affected by a series of decrease especially if we're in bear or volatile time in the space. You see, Bitcoin has the huge market cap among the rest and if you take a look at most altcoins when the market experience a decline, less market cap tokens tend to nosedive more compare to Bitcoin or other alts out there that has huge market cap.
Now I understand why DOGE is steady now. Thank you for your clarification
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May 11, 2022, 11:36:12 AM
 #36

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.
It's desperate my friend, but you can get rich. Unfortunately, it's more of a gamble, but that's not really the case, because I'm bullish and I believe in bitcoin
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May 11, 2022, 11:51:14 AM
 #37

Price didn't breakout that $30K support level and its starting to retrace, it could be a good time to buy if you like the thrills. Or you could wait for next week's candle to green and start buying.
the thing is that let op not use what he can not afford to lose,  using 1x should be more advantageous than using 2x because of the condition of the market.

For altcoins sure you can buy, they are all cheaper two months ago. Most of their charts follows BTC price, whichever you may chose its the same.
is not all about buying new cheaper altcoins, is all about the potential of the project, do you know that whenever new project is launched it always come competite or been a competitor with bitcoin for the initial, and such step really deserve people not to research about the proportion or how potential is the coin. Don't because of a project is cheap and purchase it, without knowing the productivity.
I didn't use the research skill when buying some tokens in my portfolio whose name I can't even remember anymore. Although it's not a large volume, I still expected to be able to sit in one of these rockets that would make me very rich, as if I had won the lottery

Emotions and rash actions without strategy will lead to death in this market
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May 11, 2022, 02:45:38 PM
 #38

No doubt a whole lot of people would want to jump into this red sea, these bloody candle sticks because the dip looks like a good entry point already. Mind you it isn't done yet especially alt coins so I don't think it's safe to buy unless you're loaded and want put something you can afford to lose.Going long now is not a good idea at the moment unless you're after a long term investment.
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May 11, 2022, 03:20:59 PM
 #39

I dedicate some of my stablecoins to buying every time bitcoin falls to the values I have indicated. Nevertheless, even when bitcoin went up, I continued to accumulate it
That's great because you keep buying every time the bitcoin price falls and if you keep doing that, then you will have a large amount of bitcoins. But it would be nice if you only buy bitcoins when they fall so that when the bitcoin price falls again, you don't have to buy it again but wait for a while. So your purchase is actually a bitcoin purchase at the lowest price. But if that is your strategy then go ahead but be careful buying bitcoins because we don't know what will happen next.

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May 11, 2022, 03:36:55 PM
 #40

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
Price did reach 29k and my buy order at a slightly higher of 30k got executed, I do consider this range to be a safe spot for now since we have support at 29k. I am expecting both a drop and rise from the currently running 31k level though. Since you are a newbie and probably dont have much bitcoin at hand, but fiat, I would suggest buying at less than 30k levels like 25k and 20k in case a huge drop happens. Otherwise play it slow, we are not completely sure about the reason behind this drop.

But it is good that you are attempting to capitalize during a panic sell. Keep this attitude up and you will make a great trader.

Pro tip - keep a trading journal and try to maintain an excel sheet or trades execute with dates and fees.


R


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May 11, 2022, 03:43:02 PM
 #41

What do you think about the current bear run,

One thing to always remember is that the deeper the night, the closer the dawn is. Seeing that the market will bull-run coming to bearish. The market is going to bearish because  The market will get a bull-run soon

Quote
will it turn around? What price for bitcoin do you track?
This is not that much easy to say, But if Bitcoin gets good support now then I think the market will rise again.

Quote
Will we get on the big green planes?

Of course, we will get on the big green planes after the bearish situation of the market. And it is expected to be after 2022 and 2023

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May 11, 2022, 03:55:52 PM
 #42

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Is it now worth continuing to trade on decentralized exchanges with little liquidity, such as wowswap?
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May 11, 2022, 05:39:25 PM
 #43

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.
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May 11, 2022, 06:31:33 PM
 #44

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.
Cant really be avoided not for you to panic out specially if you had bought earlier on higher price and now the price is really dropping that hard.No one had expected that for it to happen.
Im already that too rush on buying on this price point but one thing holds me back is that i do really look for the lowest price as possible on which bitcoin could able to reach out.
But it isnt really that a bad idea on securing out yourself with this current price which is already considered low but well you know people loves to hit the lowest level as possible
as they could be.

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May 11, 2022, 07:23:31 PM
 #45

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.

I agree, this is a nice opportunity to grab some coins under the price, and I agree with OP, I am itching to start buying... but to be honest I didn't start buying yet, I think this is just the beginning! This time I will be patient, unlike in previous years!
I agree with you about one more thing, it's crazy, but I believe it will get crazier! It's always like that, people think this drop is final, but there's another one around the corner! And that's happening now! I think that the price will have a downtrend in the next 2 years! Like always we can expect some short bullish periods, for day traders to have some fun, but definitely, I don't expect anything special before the next halving!

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May 11, 2022, 07:59:08 PM
 #46

Honestly, I think bitcoin will continue to go down, and as it continues to print more red candles, alot of alts will continue their down trend too, but then, I am not 100 percent sure about this, so what I advice those buying to do is, don't go all in, buy a small amount and monitor the market closely, reserve enough funds to buy more as it continues to dip, no body knows how long this bear market will last or how dip it will go, so this is exactly what am doing, buying little amount at every dip, making sure I have funds reserved incase it goes deeper, this will help average my buying cost and increase my profit when the market finally recovers.

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May 12, 2022, 07:01:26 AM
 #47

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.

This is the kind of decision you need to go over and over again as you will be selling some of your possessions in exchange of a volatile asset. Sure, if you have other means of living or you can very well survive even going all in with btc. The price is really tempting right now, even at 31-32k is a very good price range to get in. Because if we will think of it, what if btc will increase in the next few months to like 40k, you're already in very good profits. But of course, most won't sell it at 40k, they will wait for more.
Is it worth buying now? because every day we see the whole market decrease by a few percent
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May 12, 2022, 07:28:35 AM
 #48

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
Wowswap exchange? Honestly, this is my first time hearing about this exchange. I also cannot find this exchange on CMC, is this platform safe and legit?
Btw, doing DCA to buy Bitcoin during this market condition may be wise enough. At least we are not all in one time because we still don't know where the Bitcoin price will go, maybe it will be decreasing again or increase. That is why I think that buying some by some, step by step of BItcoin is a good choice.

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Diversifying funds to buy also some altcoins is also one of the wise strategies. But to be remembered,buying altcoins may be very risky than buying Bitcoin. That is why it is better to buy altcoins with lower risks and higher chances to rise up in the future after thebear run.
Yeah, the coin of this exchange is on cmc - WOW.

I'm hoping for a long-term investment, that there will be a moment when bitcoin and the whole market will also grow by several thousand percent and I will be able to recoup all my investments
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May 12, 2022, 07:38:29 AM
 #49

No doubt a whole lot of people would want to jump into this red sea, these bloody candle sticks because the dip looks like a good entry point already. Mind you it isn't done yet especially alt coins so I don't think it's safe to buy unless you're loaded and want put something you can afford to lose.Going long now is not a good idea at the moment unless you're after a long term investment.
No one knows what values are a good entry point. It just looks reasonable now since the correction is already about 70-80% of the ATH. I'm just wondering how much more we can fall, it shouldn't be 99%
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May 12, 2022, 07:45:58 AM
 #50

I dedicate some of my stablecoins to buying every time bitcoin falls to the values I have indicated. Nevertheless, even when bitcoin went up, I continued to accumulate it
That's great because you keep buying every time the bitcoin price falls and if you keep doing that, then you will have a large amount of bitcoins. But it would be nice if you only buy bitcoins when they fall so that when the bitcoin price falls again, you don't have to buy it again but wait for a while. So your purchase is actually a bitcoin purchase at the lowest price. But if that is your strategy then go ahead but be careful buying bitcoins because we don't know what will happen next.
You think bitcoin and the crypto market in general can cease to exist?
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May 12, 2022, 08:04:38 AM
 #51

You think bitcoin and the crypto market in general can cease to exist?

You're asking the wrong question. Even Earth itself will cease to exist after a while...


And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)

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May 12, 2022, 09:16:19 AM
 #52

You think bitcoin and the crypto market in general can cease to exist?
Nothing is eternal. Everything that exists today can be destroyed and replaced by something new and needed by mankind. We don't know if bitcoin and the crypto market will still exist after 50 or 100 years because the technology used by bitcoin and coins will develop again from now on. So while there is still an opportunity to follow current trends, we must use it for our own good while keeping abreast of other technological developments so that we can also take advantage of what is available to us.

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May 12, 2022, 09:47:21 AM
 #53

Itching won't stop but the wallet is empty.  Grin This buy point makes you want to sell other cryptocurrencies in exchange for 1 that is dump so hard like Bitcoin or any top altcoin in the market. I even had a thought of selling my gold for it but my other half won't let me.
I guess I should just stop looking at the market now and wait for the pump to come back. I already bought at $30k and I don't think that's a bad position for a purchase. Just be patient whether I made a good decision or not.
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May 12, 2022, 11:57:48 AM
 #54

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
Price did reach 29k and my buy order at a slightly higher of 30k got executed, I do consider this range to be a safe spot for now since we have support at 29k. I am expecting both a drop and rise from the currently running 31k level though. Since you are a newbie and probably dont have much bitcoin at hand, but fiat, I would suggest buying at less than 30k levels like 25k and 20k in case a huge drop happens. Otherwise play it slow, we are not completely sure about the reason behind this drop.

But it is good that you are attempting to capitalize during a panic sell. Keep this attitude up and you will make a great trader.

Pro tip - keep a trading journal and try to maintain an excel sheet or trades execute with dates and fees.


Will the current investment funds be replaced in a few years by other funds that will launch a new bull market? I don't fully understand what is contributing to this sharp decline
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May 12, 2022, 12:08:21 PM
 #55

What do you think about the current bear run,

One thing to always remember is that the deeper the night, the closer the dawn is. Seeing that the market will bull-run coming to bearish. The market is going to bearish because  The market will get a bull-run soon

Quote
will it turn around? What price for bitcoin do you track?
This is not that much easy to say, But if Bitcoin gets good support now then I think the market will rise again.

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Will we get on the big green planes?

Of course, we will get on the big green planes after the bearish situation of the market. And it is expected to be after 2022 and 2023
Maybe it will happen after the halving in 2024? Then now would be the time to accumulate volumes to make a big bag of money in the next bull market.

[offtop] I would be very grateful if you could explain how you do multiple responses in one post Smiley
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May 12, 2022, 01:33:56 PM
 #56

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Is it now worth continuing to trade on decentralized exchanges with little liquidity, such as wowswap?
It is worth because traders trade on centralized exchanges, but some of them begin to transfer their assets to the wallets to continue to work already on decentralized exchanges due to the panic in the market
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May 12, 2022, 01:41:32 PM
 #57

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.
That's definitely the best speech I've had in days. I hope it works out for you and me
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May 12, 2022, 03:17:48 PM
 #58


And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)
Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.
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May 12, 2022, 03:44:55 PM
 #59

Will the current investment funds be replaced in a few years by other funds that will launch a new bull market? I don't fully understand what is contributing to this sharp decline
When I was trading for the first times back in 2015, I used to dwell on such questions and never got the answer to them, while not making the trade that I should have. I learnt a lesson that you should treat the market prices as numbers, nothing more. If it is going down below your last buy price, buy again at a targeted lower price and set a sell order at higher price once that is executed.

Think too much on reasons behind movements and you will be in a dilemma to trade. In the long term bitcoin will go up, so every opportunity to buy, seize it. Do check S/R levels though before deciding to buy.

[offtop] I would be very grateful if you could explain how you do multiple responses in one post Smiley
In the page where you type replies, there is a "Topic summary" below the reply field. You can scroll down and click the "Insert quote" button on the top right corner next to the older posts to quote that in the reply field right next to your current cursor position.

R


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May 12, 2022, 09:23:14 PM
 #60


And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)
Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.
We are all just making out those kind of days whenever we do experience bearish movement or events something like this and no matter which month then we would really be calling it.
How about in August? This had been known to be a ghost month which they are attaching it out to any markets out there whether crypto or to those traditional markets.
For now in the month of May it was never been a good one considering on how deep we've able to drop and this would really be mattering on demand and price movement
is totally in random no matter what.

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May 12, 2022, 11:48:35 PM
 #61

Please be wise and also careful during this market condition. we still don't know if the market will continue dropping or not.
Although if we want to buy, don't buy panic and feels itching to buy. It is risky because the market may continue dropping.
Like what happened to Luna.
We can be wiser enough to see the movement of the market of certain coins at first. Then, we can see the chance of the coins to be able to rise up again or not. Alternatively, we can do DCA in buying the coins. But for me, i will prefer to only buy top coins like Bitcoin and Ethereum.
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May 13, 2022, 02:27:07 AM
 #62

I dedicate some of my stablecoins to buying every time bitcoin falls to the values I have indicated. Nevertheless, even when bitcoin went up, I continued to accumulate it
remember that sometimes we need to analyze well the situation in the market before buying in order to prevent massive losses. as you can see bitcoin keeps falling until now so if you keep buying everytime it fluctuate as well surely your money will be burn after all. Be wise mate to protect your money learn how to TA because it's a big advantage in such situation.
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May 13, 2022, 08:47:21 AM
 #63

I dedicate some of my stablecoins to buying every time bitcoin falls to the values I have indicated. Nevertheless, even when bitcoin went up, I continued to accumulate it
remember that sometimes we need to analyze well the situation in the market before buying in order to prevent massive losses. as you can see bitcoin keeps falling until now so if you keep buying everytime it fluctuate as well surely your money will be burn after all. Be wise mate to protect your money learn how to TA because it's a big advantage in such situation.
I agree with that because indeed with any market conditions, especially conditions like today, we cannot make decisions arbitrarily.
things that are mandatory to do analysis before making a decision,
at least by doing that we can minimize the risk and that's a good thing

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May 13, 2022, 08:54:44 AM
 #64

I'm itching to buy recently ago when the price is around $25k in Bitcoin but all of my money is still in cryptocurrency and I don't have any more money to purchase at that price, right now I am still on the edge all of my coins were at the negatives from the time that I bought it.

ya.ya.yo!

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May 13, 2022, 09:05:54 AM
 #65


 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.


Many analysts said Bitcoin will go down more than now, but right now it's not a bad price to go in, but don't all in since you should save some dollars to go in again in case the price drop to the lowest. If you're willing to buy alts from the top 100 better to do some research first or just go for the top ten altcoins since it's a lot safer.


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May 13, 2022, 11:32:07 AM
 #66

Please be wise and also careful during this market condition. we still don't know if the market will continue dropping or not.
Although if we want to buy, don't buy panic and feels itching to buy. It is risky because the market may continue dropping.
Like what happened to Luna.

Nobody will tell you they know where the bottom is and at what point the market direction will change. For those itching to buy now, make sure you are doing that with money that is not in urgent need. You can be lucky that price will change upward direction and you can be unlucky too it goes down more. Alot of traders are buying and thinking price will start going up but it continues to go down. No, Luna's case was not caused by a bear market. It is a technical issue and Luna's shift to depeg to BTC pair.
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May 13, 2022, 12:45:42 PM
 #67

Buying after a huge crashed from the All time high price is a boss move, however, it could dip even more but of course we're not sure. Buying during this kind of season would test your patience, because it might take years again before the market starts to rise again. So we have to be careful on what we are going to do for our funds not to go in vain just in case the coin that we bought will be delisted, something like that, just like what happened to LUNA.
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May 13, 2022, 01:45:04 PM
 #68


And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)
Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.
You're talking about LUNA? I'm not sure what's in store good for her other than the end
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May 13, 2022, 01:52:40 PM
 #69


And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)
Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.
You're talking about LUNA? I'm not sure what's in store good for her other than the end

For now LUNA is really been demolished and seems it will go to 0 value due to the issues happening. For other who want to start for buying or place your position maybe they should learn to study first the market because its really bad to buy at the top especially if the price keep dumping for more longer times.  But I'm monitoring this token and thinking to buy some when the price dips.

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Anders_Bitcoin (OP)
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May 13, 2022, 02:04:01 PM
 #70

Will the current investment funds be replaced in a few years by other funds that will launch a new bull market? I don't fully understand what is contributing to this sharp decline
When I was trading for the first times back in 2015, I used to dwell on such questions and never got the answer to them, while not making the trade that I should have. I learnt a lesson that you should treat the market prices as numbers, nothing more. If it is going down below your last buy price, buy again at a targeted lower price and set a sell order at higher price once that is executed.

Think too much on reasons behind movements and you will be in a dilemma to trade. In the long term bitcoin will go up, so every opportunity to buy, seize it. Do check S/R levels though before deciding to buy.

[offtop] I would be very grateful if you could explain how you do multiple responses in one post Smiley
In the page where you type replies, there is a "Topic summary" below the reply field. You can scroll down and click the "Insert quote" button on the top right corner next to the older posts to quote that in the reply field right next to your current cursor position.
Thank you for your answers Smiley
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May 13, 2022, 02:16:03 PM
 #71


And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)
Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.
You're talking about LUNA? I'm not sure what's in store good for her other than the end

For now LUNA is really been demolished and seems it will go to 0 value due to the issues happening. For other who want to start for buying or place your position maybe they should learn to study first the market because its really bad to buy at the top especially if the price keep dumping for more longer times.  But I'm monitoring this token and thinking to buy some when the price dips.
All they have to do is adjust the UST provisioning algorithm. It's easy, but I've seen news reports that they are being denied funding for this process by some foundations
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May 13, 2022, 02:21:11 PM
 #72

Buying after a huge crashed from the All time high price is a boss move, however, it could dip even more but of course we're not sure. Buying during this kind of season would test your patience, because it might take years again before the market starts to rise again. So we have to be careful on what we are going to do for our funds not to go in vain just in case the coin that we bought will be delisted, something like that, just like what happened to LUNA.
Luna has become a hot topic of late, where this altcoin can drop up to 98% in just an instant. buying at the current state is good for top coins, but to buy luna I think you have to wait for the latest news first, considering it is very risky. For those who are experienced, I think something like this is actually used as an opportunity to find a buying area, but prepare capital if there is a decline again, because we don't know for sure when the bearish season will end.

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May 13, 2022, 02:27:02 PM
 #73

Please be wise and also careful during this market condition. we still don't know if the market will continue dropping or not.
Although if we want to buy, don't buy panic and feels itching to buy. It is risky because the market may continue dropping.
Like what happened to Luna.
We can be wiser enough to see the movement of the market of certain coins at first. Then, we can see the chance of the coins to be able to rise up again or not. Alternatively, we can do DCA in buying the coins. But for me, i will prefer to only buy top coins like Bitcoin and Ethereum.
I use them for diversification and they are very good in this regard. Considering that alts dropped by more than 50%, bitcoin lost only 10% and ethereum 17%
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May 13, 2022, 02:38:05 PM
 #74

Buying after a huge crashed from the All time high price is a boss move, however, it could dip even more but of course we're not sure. Buying during this kind of season would test your patience, because it might take years again before the market starts to rise again. So we have to be careful on what we are going to do for our funds not to go in vain just in case the coin that we bought will be delisted, something like that, just like what happened to LUNA.
I think should include in our watctlist those projects that were built in a bear market, such as eth, maker and so on
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May 13, 2022, 03:25:05 PM
 #75

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Is it now worth continuing to trade on decentralized exchanges with little liquidity, such as wowswap?
It is worth because traders trade on centralized exchanges, but some of them begin to transfer their assets to the wallets to continue to work already on decentralized exchanges due to the panic in the market
I think dexes are more secure, for example, I could not do anything with my LUNA (if I had them) if they stored on a cexes, much more reliable purse and work on the dexes I think
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May 13, 2022, 03:26:04 PM
 #76

Bitcoin might be safer to buy because who knows it might fall further but the resistance around bitcoin price might not permit a complete crash but for altcoin it's risky out there. Most projects in the alt coin cycle might not recover from this crypto dump to be on the safer side hold on to project with economic value
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May 13, 2022, 06:51:56 PM
 #77

Bitcoin might be safer to buy because who knows it might fall further but the resistance around bitcoin price might not permit a complete crash but for altcoin it's risky out there. Most projects in the alt coin cycle might not recover from this crypto dump to be on the safer side hold on to project with economic value
Not totally safe because even sticking with bitcoin it wont really give out any assurance but if speaking with potential then there's no doubt about on bitcoin.If you are really that going for long term
then buying back into these levels arent really something an issue for you to mind of but if you do go for shorterm then this is where you do really mind off on when you would be buying.
This is where experience and knowledge or skills do matter on each person and buying decisions will vary so its up to you and since its your money then you do have the full
rights but of course you are held accountable with your own actions.

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May 13, 2022, 07:08:12 PM
 #78

Buying right now is a great idea since it bottomed out so much. However, you should be careful about buying all-in right now, it could still go down more, so you should be careful. Buy with 30% or so of your cash right now, and put some orders at 25k, and some orders at 28-29k as well, so if it goes up then you buy some more so you do not miss out, and if it goes down then you buy some more and you do not lose too much.

If you do it this way, then it means that you are ready for anything that could happen in the future, I personally believe that it would be a difficult thing to do but it is not an impossible thing to do neither, just need to be careful picking where and how much.
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May 13, 2022, 07:22:13 PM
 #79

I would advise you to think very carefully. Now the situation is quite difficult, so you need to be as careful as possible.
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May 13, 2022, 07:48:29 PM
 #80


I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

This is the actual time to buy altcoin because all prices are down now, so buying at this point can yield more profit, this because of the trust people have in bitcoin, as you can see all Altcoins price depends on BTC price, so this is the right time to get your portfolio filled with Altcoins that have a high potential to rise again and are not a dead project.

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May 14, 2022, 04:07:18 PM
 #81

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.
This is the kind of decision you need to go over and over again as you will be selling some of your possessions in exchange of a volatile asset. Sure, if you have other means of living or you can very well survive even going all in with btc. The price is really tempting right now, even at 31-32k is a very good price range to get in. Because if we will think of it, what if btc will increase in the next few months to like 40k, you're already in very good profits. But of course, most won't sell it at 40k, they will wait for more.
Is it worth buying now? because every day we see the whole market decrease by a few percent
It is worth buying to some but for you it looks like you are not ready yet. You can wait for more drops or wait for a couple more days until you finally decided to buy. That should give you contentment.

@el kaka22 that sounds stupid in my own opinion. You learned a lot in your many years of staying in crypto but you will leave it only for this one thing? But if you are truly a well experienced person on this field, you will likely know if this is going to be the last bear that we are going to witness for this month or year. Going all in is also a crazy idea. Are you inspired by the bitcoin family that also sold all (all in) only for bitcoin?

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May 14, 2022, 04:45:59 PM
 #82

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.


It would be a good time to buy but you have to be skeptical. Every bearish market situation is an opportunity to buy but you have to research the coins that you're planning to pick. Know the potential of your coin of choice and be emotionally prepared for the possibilities. If I were you, I would suggest that you'll buy coins with a good foundation.
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May 14, 2022, 05:08:12 PM
 #83

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

See many people have been comparing this to history of how around halfway mark before the next halving market creates sort of bearish aura and remains bearish for sometime for accumulation until it bursts for the next bull run after next halving, what I think is that if some information has become such news and can be this easily calculated and speculated that thing might not happen. So in this ambiguity best solution is only DCA you buy at every low and keep it holding until it bursts next time, talking about red candles it's really a good time to buy here anyways because RSI would obviously correct itself for sometime in coming days and you can then use that time to sell off and make around 10-12% profits.
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May 14, 2022, 06:20:20 PM
 #84

Nobody will tell you they know where the bottom is and at what point the market direction will change. For those itching to buy now, make sure you are doing that with money that is not in urgent need. You can be lucky that price will change upward direction and you can be unlucky too it goes down more. Alot of traders are buying and thinking price will start going up but it continues to go down. No, Luna's case was not caused by a bear market. It is a technical issue and Luna's shift to depeg to BTC pair.
That is the most important part of the current situation. You shouldn't really put in money that you can't live without, there are too many people who do it, and they are not doing so well at the moment. There has been about 4 suicides related to Luna in my nation and that is just from what I know in my nation from the news.

This is why I always say that you shouldn't put money in that you can't loss, if you are worried about it then do not put it in there. I have none in Luna but crypto fell as a whole and I have all of my investments in crypto and I didn't really feared about anything because I know that it will recover eventually anyway.

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May 15, 2022, 04:35:47 PM
 #85

Please be wise and also careful during this market condition. we still don't know if the market will continue dropping or not

I did not expect us to exercise doubt at any form due to the fall in cryptocurrency price as long as bitcoin is what you made your investment on, this is not downgrade of bitcoin but rather a volatility moves that gives the opportunity to make buy and sell to the market, at least bitcoin drop in price isn't that worse as going down below $20k or even below, if the market in bitcoin fall, it surely rises.

don't buy panic and feels itching to buy. It is risky because the market may continue dropping.
Like what happened to Luna.

Bitcoin isn't altcoins that fails the test of time, their regidity and resistance to rise back whenever there's a dip in price is nothing to write on because then is when their real identity of shitcoins got bursted out just as in the example of the altcoin you mentioned, but bitcoin price does not drops on a continuous stretch.



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May 15, 2022, 06:44:24 PM
 #86

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Talking about the top top cryptos, remembering me at the time BTC, Doge, BNB & ADA, a safe and good value Altcoin in investing and trading.

Of course, with the current situation, maybe some Altcoins in the next 1-2 years will have good value, but that's why no crypto knows which type of crypto has the highest value going forward, maybe buy some kind of crypto top 10, i think its a good choice maybe i have to agree with that kind of idea, considering that something can happen to crypto unexpectedly.

What is certain is that trading & investing has high risks, but if you are ready to face it all, it never hurts to do.

R


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May 15, 2022, 08:36:49 PM
 #87

Nobody will tell you they know where the bottom is and at what point the market direction will change. For those itching to buy now, make sure you are doing that with money that is not in urgent need. You can be lucky that price will change upward direction and you can be unlucky too it goes down more. Alot of traders are buying and thinking price will start going up but it continues to go down. No, Luna's case was not caused by a bear market. It is a technical issue and Luna's shift to depeg to BTC pair.
That is the most important part of the current situation. You shouldn't really put in money that you can't live without, there are too many people who do it, and they are not doing so well at the moment. There has been about 4 suicides related to Luna in my nation and that is just from what I know in my nation from the news.

This is why I always say that you shouldn't put money in that you can't loss, if you are worried about it then do not put it in there. I have none in Luna but crypto fell as a whole and I have all of my investments in crypto and I didn't really feared about anything because I know that it will recover eventually anyway.
It wasnt 4 but 8

8 Confirmed Suicide Due to the $Luna Crash. Why Luna Crashed? Truth & Reason Explained
Source: https://www.geeksultd.com/2022/05/8-confirmed-suicide-due-to-the-luna-crash-why-luna-crashed/

This is why its always been a bad idea when you do go all in.No matter how good looking it is, always be mindful about
your risk management thing on making yourself at least safe.
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May 16, 2022, 11:10:28 AM
 #88

Bitcoin might be safer to buy because who knows it might fall further but the resistance around bitcoin price might not permit a complete crash but for altcoin it's risky out there. Most projects in the alt coin cycle might not recover from this crypto dump to be on the safer side hold on to project with economic value
I have heard a very good remark that all valuable projects were created during the bear market cycle
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May 16, 2022, 11:19:29 AM
Last edit: May 16, 2022, 11:33:53 AM by Anders_Bitcoin
 #89

Buying right now is a great idea since it bottomed out so much. However, you should be careful about buying all-in right now, it could still go down more, so you should be careful. Buy with 30% or so of your cash right now, and put some orders at 25k, and some orders at 28-29k as well, so if it goes up then you buy some more so you do not miss out, and if it goes down then you buy some more and you do not lose too much.

If you do it this way, then it means that you are ready for anything that could happen in the future, I personally believe that it would be a difficult thing to do but it is not an impossible thing to do neither, just need to be careful picking where and how much.
I think this is just the time to allocate some assets for the purchase of bitcoin and some alts. It is difficult to navigate the market now, because during this bullish cycle, many projects were created that convinced the crypto community of their potential. I adhere to the analysis based on personal experience and therefore buy coins of the projects I use such biswap, wowswap, pancakeswap


I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

This is the actual time to buy altcoin because all prices are down now, so buying at this point can yield more profit, this because of the trust people have in bitcoin, as you can see all Altcoins price depends on BTC price, so this is the right time to get your portfolio filled with Altcoins that have a high potential to rise again and are not a dead project.
Not all alts will be with us in 2 years
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May 16, 2022, 11:46:09 AM
 #90

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

See many people have been comparing this to history of how around halfway mark before the next halving market creates sort of bearish aura and remains bearish for sometime for accumulation until it bursts for the next bull run after next halving, what I think is that if some information has become such news and can be this easily calculated and speculated that thing might not happen. So in this ambiguity best solution is only DCA you buy at every low and keep it holding until it bursts next time, talking about red candles it's really a good time to buy here anyways because RSI would obviously correct itself for sometime in coming days and you can then use that time to sell off and make around 10-12% profits.
Do you think the market is capable of a rebound of only 10-12% before the next bearish decline?
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May 16, 2022, 12:10:54 PM
 #91

Nobody will tell you they know where the bottom is and at what point the market direction will change. For those itching to buy now, make sure you are doing that with money that is not in urgent need. You can be lucky that price will change upward direction and you can be unlucky too it goes down more. Alot of traders are buying and thinking price will start going up but it continues to go down. No, Luna's case was not caused by a bear market. It is a technical issue and Luna's shift to depeg to BTC pair.
That is the most important part of the current situation. You shouldn't really put in money that you can't live without, there are too many people who do it, and they are not doing so well at the moment. There has been about 4 suicides related to Luna in my nation and that is just from what I know in my nation from the news.

This is why I always say that you shouldn't put money in that you can't loss, if you are worried about it then do not put it in there. I have none in Luna but crypto fell as a whole and I have all of my investments in crypto and I didn't really feared about anything because I know that it will recover eventually anyway.
It's just another bearish cycle for asset accumulation. It's sad that this happened to LUNA, each of us could have been in the place of her investors
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May 16, 2022, 01:47:50 PM
 #92

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.


Oh yeah, we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.

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Anders_Bitcoin (OP)
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May 16, 2022, 02:43:57 PM
 #93

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.


Oh yeah, we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Yes, you're right, I don't use untested trading and staking platforms. Bitcoin is in a downward phase and any bounces are just an excuse to put hamsters with pink glasses in the closet
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May 16, 2022, 05:25:09 PM
 #94

I have a little non-primary rule that I always try to follow. I use it often for work. If I decide something, I try to implement it. This is definitely the right choice.
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May 16, 2022, 06:08:09 PM
 #95

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.
Restraining ourselves a little bit is not the worst idea, after all the volatility that we have witnessed in the market has been very high during the last days, and since it seems the price is not going to make a quick recovery then you could just take your time and make sure that the move that you are planning on making is in fact the correct one.

But even if you bought bitcoin right now and then the price went down even further I do not see the problem with something like this, as anyone that is willing to buy bitcoin right now should be aware that they will need to hold their coins for some years before they get the profits they are looking for.

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sana54210
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May 16, 2022, 07:16:48 PM
 #96

we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Be careful though, lol. There are so many projects and people who are itching to scam you as well during hits period. We all know that the prices will recover for almost all the major ones, and even some of the small ones.

It means that there will be some people who are willing to spend a good amount of money buying right now, just so they could profit later on, when things go better, and since we all believe that it will get better, we want to do it with a big margin. This will cause a ton of bad people to create projects, business', companies, tokens, coins all kinds of things to get you hyped about the return to 40k+ levels, and scam you out of your money.
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May 16, 2022, 08:12:34 PM
 #97

we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Be careful though, lol. There are so many projects and people who are itching to scam you as well during hits period. We all know that the prices will recover for almost all the major ones, and even some of the small ones.

It means that there will be some people who are willing to spend a good amount of money buying right now, just so they could profit later on, when things go better, and since we all believe that it will get better, we want to do it with a big margin. This will cause a ton of bad people to create projects, business', companies, tokens, coins all kinds of things to get you hyped about the return to 40k+ levels, and scam you out of your money.
When doing some shopping in a red market then there are people who are really fan of acquiring coins which are in low caps or not really that popular since they could possibly able to earn more in terms of profits

but although with the risk that they could really encounter.Some saying it was a foolish action but there are people who do really love to play with these things in times of reds.

Buy according to your own preference and risk taking because not all would really be that having the same mindset.

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TheUltraElite
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May 17, 2022, 09:12:00 AM
 #98

Market will rebound back, it is just a matter of time. Like I have seen for the last few years it is a cycle and we are in the bearish phase of the cycle. It is important to sustain through the bear phase and buy the asset at lower than average prices so you can sell during the bullish phase.

Questioning why it happens or what to do if it never goes back up will waste your time and is irrelevant. Whenever a bear cycle starts such sentiments are common and need to be avoided.

There needs to be a balance of what to do during bear and bull phases so it never feels like you are not able to do anything while the market moves. That gives a sort of mental cushioning. Additionally one can move to fiat based markets if they have experience in the same for the time being.

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Mauser
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May 17, 2022, 03:06:26 PM
 #99

To me it seems that we are seeing a general downwards trend in crypto currencies and other asset classes. Inflation is rising and the economic outlooks are not that great for most countries. We just got out of the covid mess and now things are looking bad again. Usually these are good times to buy, when the majority of investors is looking for a way out there are opportunities to profit. Buying a variety of the top alt coins is a good idea. When prices will recover alt coins are expected to outperform other assets, but they also have more risks. If you don't need the money right now than go for it. Personally I want to add some more BTC and ETH to my portfolio. Hopefully I am getting mostly cash for my birthday next month, than I can put all that into cryptos.
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May 18, 2022, 01:44:23 PM
 #100

we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Be careful though, lol. There are so many projects and people who are itching to scam you as well during hits period. We all know that the prices will recover for almost all the major ones, and even some of the small ones.

It means that there will be some people who are willing to spend a good amount of money buying right now, just so they could profit later on, when things go better, and since we all believe that it will get better, we want to do it with a big margin. This will cause a ton of bad people to create projects, business', companies, tokens, coins all kinds of things to get you hyped about the return to 40k+ levels, and scam you out of your money.
When doing some shopping in a red market then there are people who are really fan of acquiring coins which are in low caps or not really that popular since they could possibly able to earn more in terms of profits

but although with the risk that they could really encounter.Some saying it was a foolish action but there are people who do really love to play with these things in times of reds.

Buy according to your own preference and risk taking because not all would really be that having the same mindset.

When it comes to picking coins for investments, I become very choosy and often invest in large cap coins only.
Currently my bag consists of BTC,ETH and SOL which are all large cap coins. I am thinking to buy some other large caps coins too.
So I am kind of on the safer side when talking about scam projects or shitcoin investments.

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May 18, 2022, 02:31:53 PM
 #101

to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however, I myself believe that the market will recover until I have exchanged my stablecoin for several Altcoins that I believe in.



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isaac_clarke22
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May 18, 2022, 08:51:24 PM
 #102

~
Surely it will. I mean we've been in this kind of trend since the 2018s, though I am not sure about you since you probably have more experience than me in this market as I hopped into crypto early 2017, so I apologize if there would be a little bit of inexperience from my comments. Cheesy
I'll just buy more Bitcoin whenever I have the extra coin to do so and just never look the charts for a week.
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May 18, 2022, 11:01:26 PM
 #103

to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however,

Its hard to buy in rush situation since we don't know the outcome of the market at the end of the day also we should do more careful technical analysis on how the market flow since if we bought at wrong position then provably we will just get panic if the price fall. So best to wait for ideal price to buy since we don't have anything to wait and it seems we will not see any huge pump for this year.

If you just believe on bitcoin and you think for long term hold then maybe any price will be suitable since most provably in next halving we can see good price action towards bitcoin at that time.

R


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May 19, 2022, 07:14:38 AM
 #104

Market will rebound back, it is just a matter of time. Like I have seen for the last few years it is a cycle and we are in the bearish phase of the cycle. It is important to sustain through the bear phase and buy the asset at lower than average prices so you can sell during the bullish phase.

Questioning why it happens or what to do if it never goes back up will waste your time and is irrelevant. Whenever a bear cycle starts such sentiments are common and need to be avoided.

There needs to be a balance of what to do during bear and bull phases so it never feels like you are not able to do anything while the market moves. That gives a sort of mental cushioning. Additionally one can move to fiat based markets if they have experience in the same for the time being.
The bottom this cycle was around 26k, some places even saw as low as 25k but let's take it as 26k. We are already above 29.5k and that is why I believe that it is something much better. I do not know what to say, because if that isn't a recovery then I do not know what a recovery is.

I know that it's going to be quite a big deal when the price hits 40k+ because that is what people are expecting right now, and there will be some people who say "it is recovered" when they see 40k, but there is like 30% difference between 30k and 40k, so why not take advantage of that as well? Just out of fear, many people miss that.

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May 19, 2022, 09:55:23 PM
 #105

I have moved past this buying itch recently. I already bought at around 28k+ levels, under 29k of course, at around 28400's and that was good enough. However, I have to say that I could have bought lower, and this is enough for me and I will just wait. I had a lot of purchases beforehand, so this isn't my first, I bought from all over the place, from much lower much higher, everywhere.

So, it is going to be fine for me to keep holding it for many years to come. I will never go down to loss if you ask me, it would be very difficult and bitcoin needs to crash beyond wildest expectations for it. Hence holding it doesn't seem too much of a difficulty to me.

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May 19, 2022, 10:47:45 PM
 #106

to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however,

Its hard to buy in rush situation since we don't know the outcome of the market at the end of the day also we should do more careful technical analysis on how the market flow since if we bought at wrong position then provably we will just get panic if the price fall. So best to wait for ideal price to buy since we don't have anything to wait and it seems we will not see any huge pump for this year.

If you just believe on bitcoin and you think for long term hold then maybe any price will be suitable since most provably in next halving we can see good price action towards bitcoin at that time.
If you wont rush then you would really be missing out the train once it would make out some reversal? Some do really have this kind of mindset and made out immediate reactions to that.

Whenever do someone do sees for a declining market then we would really be having those thoughts in mind on searching for the possible bottom price where you would really be looking for.

Some might be that keen on taking up position due to some risk factor or something in correlated with emotions in the time on making out some trades.

R


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May 20, 2022, 05:52:35 AM
 #107

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.
Itching or being eager to buy and thinking of not getting in a little two early or perhaps when the market is about to start a reversal is how procrastination sets in. The truth is, anytime in the bear market provides one of the best opportunity to buy and not wait on a dip, its how some people loose oout.Even within the bullish market isn't a bad time to buy, you just have to make plans that would consider and accommodate the time from which you bought or invested. Most of it ends in hodling so, you've got to be ready to wait for a longer time, maybe a couple of years and surely, the profits would come around.
I say this while looking at bitcoin particularly, I can't say the se for altcoins as some end up dead or out of existence after a strong bearish market such as these.

R


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May 20, 2022, 06:55:41 AM
 #108

The thought of stacking up my coins is always on my mind. With prices so cheap right now, I’ve been telling my family and friends that this is their time to get in. Over the years, so many of those closest to me have been asking me about Bitcoin but many havent invested because they say that I got early. What they don’t understand is, it’s not necessary that I got in early, I just got in when prices were cheaper. Now, with prices so good, I am definitely itching to pick up more. I hope those closest to me take this opportunity to get in because this is a great time to buy.

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May 20, 2022, 01:26:59 PM
 #109

Obviously this seem as a good time to be. However I think it is still to early. Do not be fooled we are in a bear market, and I believe we will be for the most of 2022 even 2023, so in my opinion I think you should wait, although I do not think BTC will go lower that 15k.
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May 21, 2022, 12:32:40 AM
 #110

Buying after a huge crashed from the All time high price is a boss move, however, it could dip even more but of course we're not sure. Buying during this kind of season would test your patience, because it might take years again before the market starts to rise again. So we have to be careful on what we are going to do for our funds not to go in vain just in case the coin that we bought will be delisted, something like that, just like what happened to LUNA.
I think should include in our watctlist those projects that were built in a bear market, such as eth, maker and so on
I think that the people who have enough money to do it are thinking at the moment of buying and then doing Hodl, if it were in my hands to buy it I would do it without thinking about BTC, then as a second option I would do it for ETH and then for Monero, to my ETH and MONERO are the currencies with the highest survival capacity, it is for this reason that without a doubt my first option to buy would be the BTC, I would not mind if after I bought it it went down a little more, I would save and have to wait as long as be necessary.

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May 21, 2022, 12:54:55 AM
 #111

Buying after a huge crashed from the All time high price is a boss move, however, it could dip even more but of course we're not sure. Buying during this kind of season would test your patience, because it might take years again before the market starts to rise again. So we have to be careful on what we are going to do for our funds not to go in vain just in case the coin that we bought will be delisted, something like that, just like what happened to LUNA.
I think should include in our watctlist those projects that were built in a bear market, such as eth, maker and so on
I think that the people who have enough money to do it are thinking at the moment of buying and then doing Hodl, if it were in my hands to buy it I would do it without thinking about BTC, then as a second option I would do it for ETH and then for Monero, to my ETH and MONERO are the currencies with the highest survival capacity, it is for this reason that without a doubt my first option to buy would be the BTC, I would not mind if after I bought it it went down a little more, I would save and have to wait as long as be necessary.

Given the options? I would rather just buy BTC and ETH, but that's just me.
But I do agree that this is the perfect buying opportunity for those who have enough money because the price is at a discount, BTC below $30k? that's damn good price already. And all you will do is buy a ton and then let it sit in your hardware wallet (recommended if you are buying a ton), protect your private keys and come back in the next 2 years. So I guess everyone is itchy to buy at this point but not everyone can buy, that's the dilemma.

R


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May 21, 2022, 05:26:27 AM
 #112

Quote
to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however, I myself believe that the market will recover until I have exchanged my stablecoin for several Altcoins that I believe in.

I think, this is the right time to buy bitcoin or altcoin because their price has decreased to the level where both long term traders and short term traders can use a huge amount of capital to buy bitcoin and hold for a better future to come. Now that the price of bitcoin has dropped down to $28,000 few hours ago, it will be favourable for people to use this opportunity to invest more money on bitcoin because the price is preparing to increase higher for people to start earning profit from their investment. I believe before the end of this month bitcoin and altcoins price will hit higher for those that invested when the price is low to start rejoicing. 

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May 21, 2022, 12:53:27 PM
 #113

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.


I’ve already started DCA for Bitcoin this month without question. Could have ended up buying LUNA because of those temptations lol, but I’ve already decided to go for long term with Bitcoin. As of right now, only BTC and ETH are the worthy coins to do DCA.

I know that we are waiting for the right time to buy Bitcoin when it dips even more. But the reality is that there is no perfect timing. Regardless of the price movement of BTC, I have made a commitment to DCA with Bitcoin with my extra money (can’t say beer money coz’ I don’t drink that lol) which is to build wealth overtime.

Pla
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May 21, 2022, 02:21:08 PM
 #114

It seems to me that a trader should be confident in his actions. And to be confident in your actions, you should pay enough attention to training.
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May 21, 2022, 03:08:02 PM
 #115

The thought of stacking up my coins is always on my mind. With prices so cheap right now, I’ve been telling my family and friends that this is their time to get in. Over the years, so many of those closest to me have been asking me about Bitcoin but many havent invested because they say that I got early. What they don’t understand is, it’s not necessary that I got in early, I just got in when prices were cheaper. Now, with prices so good, I am definitely itching to pick up more. I hope those closest to me take this opportunity to get in because this is a great time to buy.
If it is always on your mind then why not do it instantly? Instead of penalizing your own self. You know, the clock is ticking and the price is moving. In no time we are going to see higher prices again. If you can tell others about buying now then you should better do it in your self first because others will ask you if you have already done it. It gives them confidence and they won't think that you are only fooling them for them to suffer a loss.

You should explain to them that it is not late yet to invest in bitcoin because there's more to come in bitcoin now that the adoption still continues to grow. It is necessary that you got early because in earlier times, the price of btc is a lot cheaper. Not only price or about investment but the perks of getting in early is that you are now more knowledgeable about cryptos as when compared with others.
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May 21, 2022, 07:26:05 PM
 #116

It seems to me that a trader should be confident in his actions. And to be confident in your actions, you should pay enough attention to training.
Confident on the sense that its been backed up with right analysis and research rather than on being too confident with just relying with hunches and blind shots in regards to your trading decisions.

Buy when everyone is on fear which had been a pretty basic kind of concept on trading/investment but this is something that cant really be done easily thats why lots do really miss out
opportunity just because they havent able to get in while the market is still on reds thats why making decision is really hard.If you could bare the risk then you would go ahead.
I had already done myself but of course on the money which is only extra or i wont cry if ever the price goes down more.
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May 22, 2022, 12:50:58 PM
 #117

I'm not ready to buy more BTC yet, but I've been stacking some Coinbase shares. It's partly a bet on USDC as they own 50% of it. You know how USDC makes money? Interest. Rising interest rates are a good time to be in the stablecoin business.

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May 22, 2022, 01:50:09 PM
 #118

You can indeed use the top 100 altcoins as a reference. but you should also consider developer and project updates. The LUNA case should be a lesson for us. even the altcoins that are at the top can also fall.

I just wanted to share my own experience when I didn't read anything and missed the news regarding the LUNA case. seeing the price being at the bottom makes me itch. and finally, I bought it. a stupid decision that almost threw my money away.
I was lucky it was really at the bottom, then in no time a bounce occurred and I immediately sold it. so stupid I bought without research. just lust when I see a cheap price and then I panic to buy it.


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May 22, 2022, 03:49:09 PM
 #119

You can indeed use the top 100 altcoins as a reference. but you should also consider developer and project updates. The LUNA case should be a lesson for us. even the altcoins that are at the top can also fall.

I just wanted to share my own experience when I didn't read anything and missed the news regarding the LUNA case. seeing the price being at the bottom makes me itch. and finally, I bought it. a stupid decision that almost threw my money away.
I was lucky it was really at the bottom, then in no time a bounce occurred and I immediately sold it. so stupid I bought without research. just lust when I see a cheap price and then I panic to buy it.
by looking at a deep decline, at least there has been a decline of up to 50%, so it's not surprising if we look for a buy area, especially in our minds Luna is a solid altcoin, but in reality everything that happened was beyond our expectations, so I don't think what you are doing is not stupid act, but technical analysis is appropriate, it's just that the fundamentals may not have been studied, lucky you are still safe by selling again when the bounce occurs

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May 22, 2022, 07:11:46 PM
 #120

The thought of stacking up my coins is always on my mind. With prices so cheap right now, I’ve been telling my family and friends that this is their time to get in. Over the years, so many of those closest to me have been asking me about Bitcoin but many havent invested because they say that I got early. What they don’t understand is, it’s not necessary that I got in early, I just got in when prices were cheaper. Now, with prices so good, I am definitely itching to pick up more. I hope those closest to me take this opportunity to get in because this is a great time to buy.
That will be something in our mind constantly, because we know that bitcoin has been a thing for a long time and it always brings profit in the long run and it will do that again in the future as well. This means that we could always end up with a better result in the long run and it will not change that easily.

I believe that no matter how low it gets, it will always recover and it will always get a lot better in the near future. What we could be making right now would be a 2x profit even when it is under ATH price, so we could be doing a lot better very quickly and knowing that we could be making a good profit is the reason we want to collect as much as possible.
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May 22, 2022, 08:38:47 PM
 #121

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.

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May 23, 2022, 08:55:57 AM
 #122

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.
Yes, that's the problem now. No more funds. I stacked up Bitcoin at $29k and I didn't realize I cannot afford an altcoin anymore. The good thing is now it is in good hands/wallet. Just waiting for some profits to come and I may end up selling it back and wait for another dump.
I have a speculation that this bear market is not over yet. It will come back and forth at the range of $29k to $35k. Short term trading could be a good way to make money or just increase the number of Bitcoin.
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May 23, 2022, 05:32:16 PM
 #123

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.
Yes, that's the problem now. No more funds. I stacked up Bitcoin at $29k and I didn't realize I cannot afford an altcoin anymore. The good thing is now it is in good hands/wallet. Just waiting for some profits to come and I may end up selling it back and wait for another dump.
I have a speculation that this bear market is not over yet. It will come back and forth at the range of $29k to $35k. Short term trading could be a good way to make money or just increase the number of Bitcoin.
You buy at 29k? nice. You might be earning some now because the price is at 30k something again. You can short some of your bitcoins but it's important to keep most of it for the long term. Don't worry about the altcoins. They are just a slave of bitcoin.

To me, it's better if you can just put all that money in btc than putting some of it in alts. It won't still be beneficial anyway, because the money that you put in are not huge enough.

If you are serious with altcoins then don't invest in bitcoin. In case you have the funds again, just don't use it all because there can be a chance that the price can drop further. Wise investors are using this trick so they are the ones that still have a money left for buying more.

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May 23, 2022, 08:13:05 PM
 #124

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Well if you choose to buy some altcoins now that the market is down, that sounds great and it will help you to segregate your entire assets. The market currently is not amazing and we need to have good idea about the market to be able to get the latest info about Bitcoin and other staffs. No one knows what will happen next but we need to be very sensitive to the market to know what step the cryptocurrency market is heading to whether bull or bear.

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May 24, 2022, 10:54:07 AM
 #125

To me it seems that we are seeing a general downwards trend in crypto currencies and other asset classes. Inflation is rising and the economic outlooks are not that great for most countries. We just got out of the covid mess and now things are looking bad again. Usually these are good times to buy, when the majority of investors is looking for a way out there are opportunities to profit. Buying a variety of the top alt coins is a good idea. When prices will recover alt coins are expected to outperform other assets, but they also have more risks. If you don't need the money right now than go for it. Personally I want to add some more BTC and ETH to my portfolio. Hopefully I am getting mostly cash for my birthday next month, than I can put all that into cryptos.
I think buying altcoins should be followed by buying bitcoins because bitcoin serves as a kind of diversifying asset in this regard. It has not lost that much lately compared to altcoins, which have lost 70-90%
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May 24, 2022, 11:00:59 AM
 #126

to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however, I myself believe that the market will recover until I have exchanged my stablecoin for several Altcoins that I believe in.
I keep about 40% of my stablecoins in liquidity pools on wowswap, where I moved my assets from anchor just before the UST scam. Getting passive income at the same time I make regular purchases of BTC, ETH and BNB. I think we can afford it now, because we are not at the top anymore.   
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May 24, 2022, 11:08:05 AM
 #127

Obviously this seem as a good time to be. However I think it is still to early. Do not be fooled we are in a bear market, and I believe we will be for the most of 2022 even 2023, so in my opinion I think you should wait, although I do not think BTC will go lower that 15k.
I have the same opinion, I DCA bitcoin regularly, but I am also more inclined to open a short position to the 15k level, as this decline should be gradual over two years
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May 24, 2022, 11:14:45 AM
 #128

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.


I’ve already started DCA for Bitcoin this month without question. Could have ended up buying LUNA because of those temptations lol, but I’ve already decided to go for long term with Bitcoin. As of right now, only BTC and ETH are the worthy coins to do DCA.

I know that we are waiting for the right time to buy Bitcoin when it dips even more. But the reality is that there is no perfect timing. Regardless of the price movement of BTC, I have made a commitment to DCA with Bitcoin with my extra money (can’t say beer money coz’ I don’t drink that lol) which is to build wealth overtime.
The LUNA situation tested all experienced traders for FOMO, I was exposed to it for a few dollars, but I am not at a heavy loss, I believe that I withstood this temptation unlike the people who keep increasing the volume of this scam
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May 24, 2022, 11:19:32 AM
 #129

I'm not ready to buy more BTC yet, but I've been stacking some Coinbase shares. It's partly a bet on USDC as they own 50% of it. You know how USDC makes money? Interest. Rising interest rates are a good time to be in the stablecoin business.
Some of my stablez bring me a good passive income. They are placed in LP on wowswap. I mean BUSD and also USDC. I think this is a good strategy to increase my stablez for further bitcoin buying
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May 24, 2022, 03:14:35 PM
 #130

When I thought about what to buy, I rarely asked others for advice for one simple reason. They began to advise me, and I finally began to doubt.
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May 24, 2022, 08:59:24 PM
Last edit: May 24, 2022, 09:12:19 PM by Quidat
 #131

When I thought about what to buy, I rarely asked others for advice for one simple reason. They began to advise me, and I finally began to doubt.
Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
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May 25, 2022, 11:18:33 AM
 #132

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.
Yes, that's the problem now. No more funds. I stacked up Bitcoin at $29k and I didn't realize I cannot afford an altcoin anymore. The good thing is now it is in good hands/wallet. Just waiting for some profits to come and I may end up selling it back and wait for another dump.
I have a speculation that this bear market is not over yet. It will come back and forth at the range of $29k to $35k. Short term trading could be a good way to make money or just increase the number of Bitcoin.
You bought at 29k? don't worry you will earn your winning in the next months mate , this is how reliable Bitcoin and to be the best currency to invest for.

let the market show you how this work and never felt frustrations.
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May 26, 2022, 11:29:33 AM
 #133

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.
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May 27, 2022, 06:46:48 PM
 #134

You buy at 29k? nice. You might be earning some now because the price is at 30k something again. You can short some of your bitcoins but it's important to keep most of it for the long term. Don't worry about the altcoins. They are just a slave of bitcoin.

To me, it's better if you can just put all that money in btc than putting some of it in alts. It won't still be beneficial anyway, because the money that you put in are not huge enough.

If you are serious with altcoins then don't invest in bitcoin. In case you have the funds again, just don't use it all because there can be a chance that the price can drop further. Wise investors are using this trick so they are the ones that still have a money left for buying more.
I know that it is not a perfect situation to be in. I know that it will take a while before people could buy at these levels again as well. So, it is clear that some people who are taking the biggest risks and buying right now would be the people who end up profiting the most in the long run as well.

I believe that we should be buying right now, and told this to many people, but it didn't really resonated with people all that well. What we are all looking at right now is how it will react to recovery. I mean we are not dropping right now, all of that fed and luna stuff happened and its in the past, so whats next? When and how will we recover?
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May 27, 2022, 09:33:26 PM
 #135

You buy at 29k? nice. You might be earning some now because the price is at 30k something again. You can short some of your bitcoins but it's important to keep most of it for the long term. Don't worry about the altcoins. They are just a slave of bitcoin.

To me, it's better if you can just put all that money in btc than putting some of it in alts. It won't still be beneficial anyway, because the money that you put in are not huge enough.

If you are serious with altcoins then don't invest in bitcoin. In case you have the funds again, just don't use it all because there can be a chance that the price can drop further. Wise investors are using this trick so they are the ones that still have a money left for buying more.
I know that it is not a perfect situation to be in. I know that it will take a while before people could buy at these levels again as well. So, it is clear that some people who are taking the biggest risks and buying right now would be the people who end up profiting the most in the long run as well.

I believe that we should be buying right now, and told this to many people, but it didn't really resonated with people all that well. What we are all looking at right now is how it will react to recovery. I mean we are not dropping right now, all of that fed and luna stuff happened and its in the past, so whats next? When and how will we recover?
Recovery question is something the most common that we do have or thing we have in mind and since this market is unpredictable then we do continue to make speculations attaching with some analysis in regarding market price.

Buying decision will vary into each person since not all would be having the money and not all would be having that kind of courage on doing so because they are still in doubt on putting up some risk that's why some do able to get in on the right time and some do miss out the opportunity.

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May 29, 2022, 09:34:41 AM
 #136

Itching to buy can land you in some serious troubles though sometimes.

One of my very close friends was watching what was happening with LUNA and he decided to buy when the price dropped from $100 to around $3-4 and the price continued to drop and he decided that h would even buy UST at $0.4 or something like that because UST was always meant to remain at $1 as you might know.

He continues to buy (DCA) until the price actually dropped to $0.01 and by the time he realized what he was doing, he lost everything. Now he is in depression and hopes someday LUNA will jump back to at least $1 .. which I know will never happen.

So, never fall for itching to buy, it can be deadly!

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May 30, 2022, 05:43:33 AM
 #137

Market will rebound back, it is just a matter of time. Like I have seen for the last few years it is a cycle and we are in the bearish phase of the cycle. It is important to sustain through the bear phase and buy the asset at lower than average prices so you can sell during the bullish phase.

Questioning why it happens or what to do if it never goes back up will waste your time and is irrelevant. Whenever a bear cycle starts such sentiments are common and need to be avoided.

There needs to be a balance of what to do during bear and bull phases so it never feels like you are not able to do anything while the market moves. That gives a sort of mental cushioning. Additionally one can move to fiat based markets if they have experience in the same for the time being.
The bottom this cycle was around 26k, some places even saw as low as 25k but let's take it as 26k. We are already above 29.5k and that is why I believe that it is something much better. I do not know what to say, because if that isn't a recovery then I do not know what a recovery is.

I know that it's going to be quite a big deal when the price hits 40k+ because that is what people are expecting right now, and there will be some people who say "it is recovered" when they see 40k, but there is like 30% difference between 30k and 40k, so why not take advantage of that as well? Just out of fear, many people miss that.

Yes, it is a very good reason to do it, but we cannot see it that way at all, I have a way of thinking that I do not know if it will be good or bad, it is: If you buy below the last ATH of BTC it is a good deal, only you have to wait for the BTC to go up to the same ATH or even if it goes up, wait for a new ATH, usually the new ATHs of BTC are very big and juicy, this is the behavior of BTC, at least I am a believer in the S2F model of PlanB, for which I find it very reliable and more because I know that it is long-term, this gives me peace of mind and in some way it is being fulfilled.

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barbara44
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May 30, 2022, 08:14:22 PM
 #138

Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.
You need to be someone who understand trading in order to understand why you made a mistake. When I first started out, if I traded and made a mistake then I wouldn't know what went wrong and why it went down.

This happened, it is a real story because I traded early on and I made some mistakes and it went low, and I went back to charts and try to find what was the mistake, I learned about trading and indicators and charts, I was learning to be fair, and when it went down I checked and it was exactly like what I should be checking and then suddenly it became a bit of a problem because I didn't know what to look at. So, you need to learn about it a bit before you can understand.
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June 02, 2022, 02:39:27 PM
 #139

to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however,

Its hard to buy in rush situation since we don't know the outcome of the market at the end of the day also we should do more careful technical analysis on how the market flow since if we bought at wrong position then provably we will just get panic if the price fall. So best to wait for ideal price to buy since we don't have anything to wait and it seems we will not see any huge pump for this year.

If you just believe on bitcoin and you think for long term hold then maybe any price will be suitable since most provably in next halving we can see good price action towards bitcoin at that time.
I don't think it's okay to rush into something, but it's not okay to rush, especially when it comes to chatting. If you really do trade here, you'll get in a lot of trouble.  It will be seen that you will not have any problem. There are some coins that you have to buy by looking at them. You have to sell them by looking at them.  And you have to have an idea of ​​when the price of all these coins goes up and down

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sklopan
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June 02, 2022, 05:05:58 PM
 #140

I would advise you to do a qualitative analysis yourself. For the advice of other traders is certainly good, but you will not trust them the way you trust yourself.
Quidat
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June 02, 2022, 09:29:11 PM
 #141

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.
On a month's time or even weeks then as a noob then you would really be having those kind of views whether it would be worth on going by yourself or would continue to follow
someone just because it doesnt really need to put up much effort in regarding to this one. This do vary on person to person because we do really ending up on different
perception and views towards things that why decisions would be made will really be basing up if he do sees opportunities on dips or market condition
something like this.
LUCKMCFLY
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June 13, 2022, 01:03:37 AM
 #142

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.
On a month's time or even weeks then as a noob then you would really be having those kind of views whether it would be worth on going by yourself or would continue to follow
someone just because it doesnt really need to put up much effort in regarding to this one. This do vary on person to person because we do really ending up on different
perception and views towards things that why decisions would be made will really be basing up if he do sees opportunities on dips or market condition
something like this.
I think that before buying you should do an examination of conscience, it is something like putting everything on a scale and asking yourself what would happen if this scenario occurs, then this or this, that is to say, make a total description of the scenarios so that you know how you can react if they occur, the idea is not to keep thinking about how the trader can react to a type of market movement, the first thing that should always be considered are the scenarios that can be lost, because winning is something else, it is something more relaxed, but I believe that to buy should depend on our decision rather than someone's advice.

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Anders_Bitcoin (OP)
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June 23, 2022, 10:49:26 AM
 #143

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.
On a month's time or even weeks then as a noob then you would really be having those kind of views whether it would be worth on going by yourself or would continue to follow
someone just because it doesnt really need to put up much effort in regarding to this one. This do vary on person to person because we do really ending up on different
perception and views towards things that why decisions would be made will really be basing up if he do sees opportunities on dips or market condition
something like this.
I think that before buying you should do an examination of conscience, it is something like putting everything on a scale and asking yourself what would happen if this scenario occurs, then this or this, that is to say, make a total description of the scenarios so that you know how you can react if they occur, the idea is not to keep thinking about how the trader can react to a type of market movement, the first thing that should always be considered are the scenarios that can be lost, because winning is something else, it is something more relaxed, but I believe that to buy should depend on our decision rather than someone's advice.

The fact is that almost all newbies to the cryptocurrency market have followed someone else's advice. Now they all regret seeing their losses in the balance, or they just sold everything and never want to enter the cryptocurrency market again.
gunhell16
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June 23, 2022, 01:55:42 PM
 #144

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.


In the first place, I'd like to remind you that not all altcoins who are in dip level are good to buy or in other terms its a good opportunity to buy. You still need to be more careful, instead of that, you must check and search it well before you come to the point in a decision you like to invest in it. Moreover, buying coins at one of the top 100 in the market is a good idea just make sure you know the coins you are choosing it dude.
Good luck to you Smiley

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Quidat
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June 23, 2022, 08:46:08 PM
 #145

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.
On a month's time or even weeks then as a noob then you would really be having those kind of views whether it would be worth on going by yourself or would continue to follow
someone just because it doesnt really need to put up much effort in regarding to this one. This do vary on person to person because we do really ending up on different
perception and views towards things that why decisions would be made will really be basing up if he do sees opportunities on dips or market condition
something like this.
I think that before buying you should do an examination of conscience, it is something like putting everything on a scale and asking yourself what would happen if this scenario occurs, then this or this, that is to say, make a total description of the scenarios so that you know how you can react if they occur, the idea is not to keep thinking about how the trader can react to a type of market movement, the first thing that should always be considered are the scenarios that can be lost, because winning is something else, it is something more relaxed, but I believe that to buy should depend on our decision rather than someone's advice.

The fact is that almost all newbies to the cryptocurrency market have followed someone else's advice. Now they all regret seeing their losses in the balance, or they just sold everything and never want to enter the cryptocurrency market again.
Some do quit completely and some do really come back and learn from those mistakes that its never been ideal on following someone or relying your decisions into theirs.
Always suggestable to make your own analysis and follow it and its not bad to snip out some idea from others but not totally relying on it.
Luckily i do able to buy on that 17k dip and now the price had clinged up for few percentage at least considering the price is now increasing but not much.
It doesnt really assure that it could really able to have continuous rise but you could really benefit out if you do make out some short sells.
Mauser
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June 25, 2022, 05:20:54 AM
 #146

I am definitely itching to buy more coins. Unfortunately my spare money is very limited this year. In the second half of this year we are renovating the roof of our house and I need to help my parents pay the bills, on top of that I am still repaying a loan. I wish I could invest 10% of my salary in cryptos each month. Last week I managed to buy 500 USD worth of Bitcoins at the 19,000 level. Right now markets are up again and it becomes hard to predict if prices will fall heavily adain. Some big investors say it's the beginning of the recovery and others are saying things will get much worse later this year. To me it doesn't really matter, buying now seems cheap. And even if prices will fall more, eventually they will rise again. Buying from the top 100 alt coins seems like a good trade that will make money long term.
SaveOurSea
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June 25, 2022, 06:41:24 AM
 #147

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.
Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.
On a month's time or even weeks then as a noob then you would really be having those kind of views whether it would be worth on going by yourself or would continue to follow
someone just because it doesnt really need to put up much effort in regarding to this one. This do vary on person to person because we do really ending up on different
perception and views towards things that why decisions would be made will really be basing up if he do sees opportunities on dips or market condition
something like this.
I think that before buying you should do an examination of conscience, it is something like putting everything on a scale and asking yourself what would happen if this scenario occurs, then this or this, that is to say, make a total description of the scenarios so that you know how you can react if they occur, the idea is not to keep thinking about how the trader can react to a type of market movement, the first thing that should always be considered are the scenarios that can be lost, because winning is something else, it is something more relaxed, but I believe that to buy should depend on our decision rather than someone's advice.

The fact is that almost all newbies to the cryptocurrency market have followed someone else's advice. Now they all regret seeing their losses in the balance, or they just sold everything and never want to enter the cryptocurrency market again.
Some do quit completely and some do really come back and learn from those mistakes that its never been ideal on following someone or relying your decisions into theirs.
Always suggestable to make your own analysis and follow it and its not bad to snip out some idea from others but not totally relying on it.
Luckily i do able to buy on that 17k dip and now the price had clinged up for few percentage at least considering the price is now increasing but not much.
It doesnt really assure that it could really able to have continuous rise but you could really benefit out if you do make out some short sells.
Continuing to depend completely on other people is not a good thing and neither will we grow,
do your own analysis and that's important because if we only depend on other people's analysis it won't necessarily suit us,
with conditions like this it is very good to sell and buy gradually

Newlifebtc
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June 25, 2022, 08:18:20 PM
 #148

Based on my analysis on the current market I think it is going downwards or more bearish but I am still unsure with my prediction, if the price of the Bitcoin will exceed $33k or $34k then I think I am wrong with my prediction. So far majority of my holdings is in stable coin to avoid unnecessary crashes in the future.
the price of Bitcoin is going different this time around so the price now is 20,000 why earlier this year the prices for something thousand so you can see the difference that you the price is going down constantly so nobody can predict the future of cryptocurrency that is why anytime you feel like to buy cryptocurrency is when the price for fall, life right now or we are experiencing or expecting the price of cryptocurrency to go to 17000 again before the team will rise to any our specific amount

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June 26, 2022, 06:01:54 AM
 #149

It's too early to long now and if you insist on doing then make sure you use a small leverage and tight SL. For now no one really knows where bitcoin is heading but I feel it will drop more. For me I wouldnt long now. And for alts, If you are buying then be sure its project that are valuable and DCA if price drops further.

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BobK71
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June 26, 2022, 06:32:44 AM
 #150

I managed to buy 500 USD worth of Bitcoins at the 19,000 level. Right now markets are up again and it becomes hard to predict if prices will fall heavily adain. Some big investors say it's the beginning of the recovery and others are saying things will get much worse later this year. To me it doesn't really matter, buying now seems cheap. And even if prices will fall more, eventually they will rise again. Buying from the top 100 alt coins seems like a good trade that will make money long term.
I have noticed that BTC has continued to decrease from $38000. It started to settle down when it reached $18,000. Such a condition of the market has only been due to a lack of trust. The Terra Luna scam destabilized the entire market. Anyway hopefully very soon we will see the development of this situation.

At the moment any investment is little but I think the market is in very deep position. From here the market can recover at any time. However, it is not possible to do anything without taking risks. So you have to take the risk. In this respect, of course, BTC is the good investment plane.

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virasisog
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June 26, 2022, 04:05:27 PM
 #151

I managed to buy 500 USD worth of Bitcoins at the 19,000 level. Right now markets are up again and it becomes hard to predict if prices will fall heavily adain. Some big investors say it's the beginning of the recovery and others are saying things will get much worse later this year. To me it doesn't really matter, buying now seems cheap. And even if prices will fall more, eventually they will rise again. Buying from the top 100 alt coins seems like a good trade that will make money long term.
I have noticed that BTC has continued to decrease from $38000. It started to settle down when it reached $18,000. Such a condition of the market has only been due to a lack of trust. The Terra Luna scam destabilized the entire market. Anyway hopefully very soon we will see the development of this situation.

At the moment any investment is little but I think the market is in a very deep position. From here the market can recover at any time. However, it is not possible to do anything without taking risks. So you have to take the risk. In this respect, of course, BTC is a good investment plan.


Bitcoin has been through this kind of situation a lot of times. It even reached a lower value before but we also have seen how it recovered and even strike a better value after its recovery.
Instead of doubting just like what others are doing, better embrace this chance that the crypto world is offering us and that it to buy because the bearish season won't last.
Bitcoin is too different from Luna. BTC has a strong resistance to the bearish season and it's well established compared to weak altcoins.
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June 26, 2022, 05:17:22 PM
 #152

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

When all the markets are dumping, I look at the market and see that the market will not be in dumping for very long.However, the Bitcoin market can move to a high position at any time. Many are saying that Bitcoin will soon break all past records and set new records.But of course I believe that Bitcoin should really set a new record.I will tell everyone that if you have funds, you can definitely invest in this bad market.The market will not be in a bad position for too long.

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