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Author Topic: Each time you see a red candle!  (Read 379 times)
abel1337
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January 07, 2023, 05:50:46 PM
 #21

There are no investments that will make you rich over night. It really takes years or more for the business to go boom, and the same is true with bitcoin. If you have extra money to spend, it is better to spend it in bitcoin rather than put it to sleep because you will not profit from it. Though the real issue with buying and holding bitcoin is our emotions, because as time passes, our mind tells us to sell it because we are losing money, which is why we must control our emotions.
Yep that's the truth. There are people especially newbies thought that bitcoin or crypto is an easy way to gain profits but the truth is it takes a long amount of time before it realizes into profit. There are many newbies on this space don't know what is the meaning of investment or they treat investment the wrong way. Some newbies fantasized those crypto stories that people are getting rich overnight but in reality it rarely happens and it's just pure luck to achieve those kind of overnight millionaire. Red candles are part of charts and it will never gonna disappear, New Investors should zoom out and see where we are headed too. I've been there too and lost so much potential profit after selling so much because of not controlling myself.
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January 07, 2023, 07:06:13 PM
 #22

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

If they really need the money instead of profit then I might understand that but selling it because of fear that it might drop even more probably doesn't know what they are investing. It's normal to fear about of our investment especially in this bear market nothing could make someone be wary about of their investment when the market is in long deep bearish trend.

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January 07, 2023, 07:29:52 PM
 #23

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

If they really need the money instead of profit then I might understand that but selling it because of fear that it might drop even more probably doesn't know what they are investing. It's normal to fear about of our investment especially in this bear market nothing could make someone be wary about of their investment when the market is in long deep bearish trend.
My investment budget has decreased in the last few months, but not significantly because actually I have to manage it as well as possible when inflation occurs. Whatever they say might help, but having consistency and belief in what we want to achieve should make us even more optimistic. It doesn't matter how much we can save on the investment budget, consistency is a must.

Having fear will only keep you from going any further, so avoid it as best you can as long as you believe that after dark there is light. Are you sure that red will never turn green? You should know what the answer is. It's normal to be scared, but if they're feeling scared about investing in something that has proven to be profitable for them then I don't know what else to say. Maybe bitcoin is not the right investment asset for them.

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jrrsparkles
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January 07, 2023, 07:33:14 PM
 #24

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.
The money which is ours can't be used for something we need then its useless money, the returns are secondary thing first is to fulfill our need but don't use it for what we want and there is huge difference between what we need and want.

Actually no one can't be losing as long term investor if they're actually holding their bitcoin so its important to keep holding and accumulating whenever is possible, don't think red as bad its just an opportunity to buy the assets for cheaper.









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goaldigger
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January 07, 2023, 09:29:42 PM
 #25

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?
Probably those who are following their cur loss price to avoid a further losses and I think we should also practice this regardless of the coin or project.

For me, red candle is not an automatic signal of buying because you still need to wait for a more deeper price and a confirmation of the price before buying. Perfect timing is the key to be more profitable, don’t just buy right away wait for the good price to enter.

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lionheart78
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January 07, 2023, 09:31:23 PM
 #26

The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Most of these investors doesn't really know what they are doing.  Most of these short-term investors are newbies that were influenced by other people or circumstances and get hyped because they see people gaining profit in a short term.  So they use the money that they can't afford to lose, that is why most of these investors often sell when they see profit, or when the market is crashing.

Some investors see red candles as selling opportunity when what they should be doing is observing as you said to see if the market will give them a very good discount with price drop of the market. As an investor your target should be that when it's about time you exit the market, you can do so comfortably without caring about the state of the market (don't care if it's a green or red candle) because you are in profit no matter the situation of the market, that should be your goals as an investor and not investing short term.

They panic sells because the trend of the market is not what they had expected.  Having weak hands, they immediately sell to cut more losses when the candle turns red.  Some investors short their trade thinking that the price will go lower to buy more Bitcoin.

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crzy
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January 07, 2023, 09:43:29 PM
 #27

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.
You can’t just abandon it, just hold but with less expectation this time.
Especially with Bitcoin, if you are trap at $40k, will you abandon it? Of course not because you still believe that its price will recover and you are still hoping to get your funds back and make some profit. Looking for a new good projects are also ok, diversification is the key for a more profitable investment don’t just buy one or two projects, try to have more and always monitor when to sell and buy.
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January 10, 2023, 04:19:46 AM
 #28

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Some investors see red candles as selling opportunity when what they should be doing is observing as you said to see if the market will give them a very good discount with price drop of the market. As an investor your target should be that when it's about time you exit the market, you can do so comfortably without caring about the state of the market (don't care if it's a green or red candle) because you are in profit no matter the situation of the market, that should be your goals as an investor and not investing short term.
In my opinion the expectations the majority of people have from the markets and their own skills are simply out of proportion with what they can reasonably achieve, after all it is not rare to see people coming to the forum and asking how to get 10x in two weeks and other similar questions like that, and when someone has those kind of expectations then it is easy to see how they can disregard long term holding as not worth their time, they are mistaken of course but they will not learn this lesson until the market demonstrate them that their expectations were simply too high.
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January 10, 2023, 04:44:08 AM
 #29

Quote from: Oceat
Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.

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January 15, 2023, 08:05:49 AM
 #30

Quote from: Oceat
Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.
It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.

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uneng
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January 15, 2023, 07:46:18 PM
 #31

Quote from: Oceat
Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.
It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.
Crypto trading isn't an exact science and must be taken more as gambling than anything else. Nobody can predict accurately if the price of an asset will continue rising or if it will be corrected next. It's pretty easy to fall for bear and bull traps. To avoid losing money trading, investors have to focus on long term for gains. If they bought BTC today, they have to be prepared to wait for years, if necessary, until they can cashout profits. If they attempt daily trading, they will go into losses at some point due to the unpredictable inconsistencies in market, just like a gambler playing dice at the casino.

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January 15, 2023, 08:43:56 PM
 #32

Quote from: Oceat
Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.
It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.
Crypto trading isn't an exact science and must be taken more as gambling than anything else. Nobody can predict accurately if the price of an asset will continue rising or if it will be corrected next. It's pretty easy to fall for bear and bull traps. To avoid losing money trading, investors have to focus on long term for gains. If they bought BTC today, they have to be prepared to wait for years, if necessary, until they can cashout profits. If they attempt daily trading, they will go into losses at some point due to the unpredictable inconsistencies in market, just like a gambler playing dice at the casino.
This is the biggest challenge or pain in the ass on the time you had decided to deal up with trading which is something that normal which the price isnt really something that you could really be able to predict.
You should make yourself that expecting about long green and red candles which are really that pretty common.

Since we are talking about red candles then as a human being then it would be normal to have that panic specially when you do bought up something on peak price and make yourself that on negative.
But there were people who do see these red candles as a sign of opportunity to accumulate or buy and this do simply shows up that it would really vary.

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January 16, 2023, 08:22:43 AM
 #33

Crypto trading isn't an exact science and must be taken more as gambling than anything else. Nobody can predict accurately if the price of an asset will continue rising or if it will be corrected next. It's pretty easy to fall for bear and bull traps. To avoid losing money trading, investors have to focus on long term for gains. If they bought BTC today, they have to be prepared to wait for years, if necessary, until they can cashout profits. If they attempt daily trading, they will go into losses at some point due to the unpredictable inconsistencies in market, just like a gambler playing dice at the casino.
Trading is not gambling but can be taking as gambling. With sincerity, I lost more in trading than gambling while I still lost in gambling as I was an addict before since 2014 until 2019 that I stopped gambling. You can lose much more in trading or gambling but trading is not gambling if you learn about it very well and the major thing you need to learn is not to be greedy, using a better strategy and having a good money management risk. Good strategy and not being greedy is what it takes in trading. But in gambling, making profit is not guaranteed like in trading if you are good excellently in the two.

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ethereumhunter
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January 16, 2023, 01:38:51 PM
 #34

Quote from: Oceat
Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.
Whenever I see a red candle in the market, I go with my analysis to see my chances of buying bitcoins. And if I could see that my opportunity would come with that red candle, I would place a buy order at the price I wanted and let it fill. The red candle is the time for me to buy bitcoins again and if the price can decline any further, it will be a very good opportunity to accumulate bitcoins. So as long as there are ups and downs and red candles in the market, we have to use it well.

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January 16, 2023, 02:26:03 PM
 #35

Quote from: Oceat
Isn't it obvious if they see a red candle then it's time to buy instead of selling.
Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.
It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.
Indicators can fail, so we shouldn't always depend on them but it would be better if we will do the trade manually, I mean we can buy or sell according on what we currently see. That is more surer. You entered in a green candle but that's fine if the bull run continues, because you still can sell for a profit. You got lucky there but you should avoid doing it next time as your luck might not be on your side anymore.

In trading, it is always safe to just buy when the candle is red or when the price is dumping and then sell only at greens. Trading is so wide, and can be wider than investing. There is more learn to about it. It's hard but very worth it at the end.
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January 19, 2023, 03:54:17 PM
 #36


In trading, it is always safe to just buy when the candle is red or

How do you mean candle is red? I think this is funny. You can adjust the setting of your indicators likewise the colours just like you can change colours of your letters to any colour you want. Candle colours can be changed to the colour you prefer and that doesn't mean anything. You can have your candlestick colours change to any of the colours you want, it is just the colour and nothing more to it.
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January 20, 2023, 02:47:09 PM
 #37


In trading, it is always safe to just buy when the candle is red or

How do you mean candle is red? I think this is funny. You can adjust the setting of your indicators likewise the colours just like you can change colours of your letters to any colour you want. Candle colours can be changed to the colour you prefer and that doesn't mean anything. You can have your candlestick colours change to any of the colours you want, it is just the colour and nothing more to it.
You can change any colour, even the colour of your skin. But you can't change the direction of the price the way you want it to go. It depends on many factors which you cannot influence. You can have green candles on your chart instead of red candles, but that doesn't change the fact that price is constantly falling. So the suggestion to change the colour of the candles from red to green is not very relevant right now.

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January 20, 2023, 04:21:32 PM
 #38

As the saying goes, the loss is not achieved except by clicking on the sell order, so as long as you are not forced to sell, no matter how low the price goes, you will not face problems, but to be on the right side, you must put your economic accounts close to the bottom and not the top.

If I am an investor, I will put my accounts on the previous bottom, which is 3 thousand dollars. Unless the price drops below 3,000 dollars, I have no problem. The same thing applies now, if we assume that the bottom is 15,000 thousand (to avoid any problems, I assume the bottom is at 8,000) so if the price drops For this range, you are in trouble, and any price higher than that is a real profit.

So if you buy now at 21K, this price may be the bottom after 3 to 7 years, so after 3 years, your investment will not be in danger because the price will be far from this bottom and so on.


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January 20, 2023, 06:03:38 PM
 #39

Sometimes newbies are lucky by coming into the cryptospace when it is bullish,and when they invest in short term they make much money and they feel that the market is always bullish, so they use this mentality to rush into investing, using funds that is for an important purpose to invest, believing they will make much profit immediately.

When their instinct fails them due to the volatile nature of bitcoin, they might buy in the bearish period and thinking to get a quick profit,this will lead to panic and they might end up selling below their the price they bought it. Long term investment is the best and use bitcoin for as your savings to enable hodi for long no matter the pump and dump in the price.

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January 20, 2023, 08:38:16 PM
 #40

Sometimes newbies are lucky by coming into the cryptospace when it is bullish,and when they invest in short term they make much money and they feel that the market is always bullish, so they use this mentality to rush into investing, using funds that is for an important purpose to invest, believing they will make much profit immediately.

When their instinct fails them due to the volatile nature of bitcoin, they might buy in the bearish period and thinking to get a quick profit,this will lead to panic and they might end up selling below their the price they bought it. Long term investment is the best and use bitcoin for as your savings to enable hodi for long no matter the pump and dump in the price.
Depends on a certain person because not all would really be that easily be ending up with that kind of decision because there are ones who are really that good on making up some research and able to read up some

other peoples experiences which they would really be tending to adapt and would apply into their own investment decisions which it could really at least hold their position if ever they had entered a bear market
season or situation on which they didnt panic out despite on having that lack of knowledge and awareness around.

I wouldn't say its luck but all of us are really that prone into that condition on which there are investment decisions turns out to be a good call.

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