Are you on guard for any unexpected?

[Fuso.hp]

The fact that the Bitcoin market suddenly went so high doesn't seem to me to be positive for Bitcoin. If the value of a coin increases suddenly, then the value of that coin suddenly drops down to the bottom. We need to rely on all of these candles to be phased upwards over time. We may soon see a big dumping like the big pumping in the market. But there is a lot of profit opportunity by trading during such instability of the market, suddenly when the market comes down a lot if trading can be accepted at that time then profit is definitely possible from there.

[1714491220]

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[Fatunad]

The fact that the Bitcoin market suddenly went so high doesn't seem to me to be positive for Bitcoin. If the value of a coin increases suddenly, then the value of that coin suddenly drops down to the bottom. We need to rely on all of these candles to be phased upwards over time. We may soon see a big dumping like the big pumping in the market. But there is a lot of profit opportunity by trading during such instability of the market, suddenly when the market comes down a lot if trading can be accepted at that time then profit is definitely possible from there.

If you are just new into this market and seeing that sudden jump in price then you would really be molding up the impression that the market would really be making up that continous upward movement without even trying out to think that it might be some sort of bull trap on which it really is with that recent movement on which it is really just trying out to liquidate to those who do make out some short position specially on futures.
For those who are experienced or have been here on this market for years then these kind of movements is never been new. It could happen in a blink of an eye and if you had bought earlier then the best or wisest
thing to be done is to sell out for profits and rinse and repeat on which this is something a very common action which needs to be made.

We know that this market is unpredictable and price could really jump or dump in a matter of minutes and now we are seeing that the price is really moving again sideways after that
small green candle but i dont really see it to be a serious movement but for those who do able to make some long position then it isnt really that a bad thing for them.

[Abu-Naim]

Have you ever been caught off guard in life generally? Relative to bitcoin I have learnt many things about the market totally taking an opposite directional move from our wide expectations.
Source:. https://www.binance.com/


Just today from the charts BTC has been pushing up in a big green high momentum candle in the past hours of today and this many are excited about the price.

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

Are you on guard for any unexpected?

The bitcoin chart has taken the opposite direction a few hours after you created this thread, which clearly shows how volatile this market is. Bitcoin traders need to be on guard because I don't think there will be much profit in bitcoin or crypto trading. Holding will be the main thing to do right now since the price is still down and affordable.

Many of us expected the bitcoin price to be above $30k by now, especially as we are about to enter the final quarter of the year 2023 and bitcoin halving is expected to happen in the year 2024, but the price of bitcoin has not made the upward move we were expecting, which has made the price unpredictable. We need to be very cautious with our investment. We should invest now before it becomes late since we don't know when the bitcoin price will shoot up.

[Kasabus]

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

Holders will not think about it at all. This is not the first time the market has behaved like this. What you call volatility is not still volatile because it is possible that bitcoin may lose $2000 or more in just an hour which makes this volatility to be little. There can be high volatile and that is how bitcoin market is sometimes.

Only the affected people are the traders who day trade or scalp. If a scalper or day trader go short position today, they are losing already. But that is what holders will not still consider as loss.

Exactly. Bitcoin had never a fixed price so expect that any time of the day, it’s price will eventually go down lower or might even make another increase. And this is not really new for a volatile market like crypto. Holders should never put too much expectation on the market because we don’t hold what will be the price of bitcoin an hour after, a day after or even a year after. So even if bitcoin is expecting to pump this October, still it could always go the opposite way.

[lionheart78]

Are you on guard for any unexpected?

This kind of market movement is quite normal for the Bitcoin market.  We have seen this kind of chart several times when the bull trap happens.  The current price increase may have been influenced by the order given by the US Congress on SEC to approve Bitcoin spot ETF applications as stated in this article: https://cryptobriefing.com/sec-told-approve-bitcoin-spot-etf-immediately-congress/.

As this thing called bull trap always happens, I think I am already on guard for this kind of unexpected event.  And since I planned on selling when the real Bull run came, this kind of unexpected thing did not affect me much.

[Cryptmuster]

Exactly. Bitcoin had never a fixed price so expect that any time of the day, it’s price will eventually go down lower or might even make another increase. And this is not really new for a volatile market like crypto. Holders should never put too much expectation on the market because we don’t hold what will be the price of bitcoin an hour after, a day after or even a year after. So even if bitcoin is expecting to pump this October, still it could always go the opposite way.

Any news can affect the movement of Bitcoin up or down, this is nothing new and this happens even when someone complains that Bitcoin volatility has decreased. It’s very difficult to please people, some people need volatility for trading, some want Bitcoin to become more stable, but the crypto market doesn’t work like that, there has always been high volatility here, and I think it’s unlikely that anything will change in the next few years.

[Finestream]

Bitcoin is highly volatile that’s why its price fluctuations is not new anymore. One day it’s up, the next day it goes down, and I think we can’t never change that fact. So in short, expect the unexpected. Even if bitcoin halving is fast approaching, but that does not mean that every road will be smooth for bitcoin price. As long as there are certain factors that contribute to the market’s volatility, expect that bitcoin will never go straight pumping but it will eventually go sideways and return to its position when the market starts to recover.

[Fara Chan]

The fact that the Bitcoin market suddenly went so high doesn't seem to me to be positive for Bitcoin. If the value of a coin increases suddenly, then the value of that coin suddenly drops down to the bottom. We need to rely on all of these candles to be phased upwards over time. We may soon see a big dumping like the big pumping in the market. But there is a lot of profit opportunity by trading during such instability of the market, suddenly when the market comes down a lot if trading can be accepted at that time then profit is definitely possible from there.

This really looks like a fact because yesterday I also saw a decline in prices after the sudden increase in Bitcoin in the market. And I think traders who like to take profits in the short term really like that kind of thing because not long after they buy, they can immediately sell it for a profit and put capital back in for the next purchase. It's just that market waves like that sometimes also require patience in waiting for a surprise such as a sudden increase, because such increases usually don't occur in large numbers in the market.

[xSkylarx]

For futures trading this is a really huge problem but for holders like us we really don't notice this because we tend to always go long-term meaning that is just a small pump or dump and our goal is about those ATH which means a huge uptrend cycle not only based on one candlestick on a daily timeframe. Though being prepared is the best in this kind of investment you should always be ready and cautious as anytime the market will get your money and you can't stop it.

[Learn Bitcoin]

Such movements will continue to occur and last until an unspecified and often unexpected time, it is not uncommon for some of us as traders to be very surprised by seeing it, especially if we experience losses due to the impact of these fluctuations, mentally and psychologically will definitely be disturbed and of course it greatly affects everyone when they want to start they will have difficulty making the right decision. I hope they will remain cautious and prepare some actions to minimize if it happens again, maybe there are some who take advantage of that moment when the bearish trend dominates as a result of selling bitcoin beyond the limit. and for those who haven't started at all will be quick to take that opportunity in the lowest support area.

I am not a trader myself. So, I don't know what traders do in such movements. Traders usually make money in both movements. But, if I am not wrong, almost every trader uses stop loss so they don't liquidate their balance. Significant movements happen where there are massive orders on exchanges, and sometimes, news also affects the market. Traders should always remain cautious because these moves happen very suddenly. If they do not set a stop loss for their position, then it's dangerous for them. I started accumulating Bitcoin since I started earning Bitcoin from the signature campaign I am participating. I sold a small portion of it, and the maximum earnings remain in my wallet.

[cheezcarls]

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

Holders will not think about it at all. This is not the first time the market has behaved like this. What you call volatility is not still volatile because it is possible that bitcoin may lose $2000 or more in just an hour which makes this volatility to be little. There can be high volatile and that is how bitcoin market is sometimes.

Only the affected people are the traders who day trade or scalp. If a scalper or day trader go short position today, they are losing already. But that is what holders will not still consider as loss.

As a long term holder myself, I wouldn’t really mind about something unexpected. I bought BTC when the price was around $30k to $31k in mid-May of last year.

Even when BTC crashed to as much a $17k I kept holding on and doing DCA with my extra money. The rest of my DCAs are at least a bit of profit when I have bought them during the dip between $19k to $23k range.

Wherever the market goes, my BTC is here to stay. I do not do day trading or scalping that much, so all good for anything unexpected.

[Bananington]

Are you on guard for any unexpected?

The unexpected as word used in this conversation can promote FUD for some people who are new to keeping bitcoins. If you have been keeping bitcoins for a longer time, a sudden change in price will not be something unexpected or a happening to change your choice to keep holding on to the bitcoins that you have, and no matter how on guard you are, you cannot stop it from happening. You need to be on guard monitoring the market if you are a trader incase the market begins to move the opposite direction of what you predicted.

[taufik123]

As a long term holder myself, I wouldn’t really mind about something unexpected. I bought BTC when the price was around $30k to $31k in mid-May of last year.

Even when BTC crashed to as much a $17k I kept holding on and doing DCA with my extra money. The rest of my DCAs are at least a bit of profit when I have bought them during the dip between $19k to $23k range.

Wherever the market goes, my BTC is here to stay. I do not do day trading or scalping that much, so all good for anything unexpected.

The extra money you have saves you from a drastic drop in Bitcoin.
You bought Bitcoin when the price was $30k-31k and that was a pretty high price in mid-May.

But at least you have made another gradual purchase or DCA strategy at a lower price, almost half of the first purchase at $17k and you did it gradually.

This will accumulate the Bitcoin that you have so that the average purchase will be slightly lower and you can get a profit even though it does not reach the price of $ 30k and above.

Bitcoin is still safe for the long term and you really need to have a plan.
We will still reach ATH in the coming years.

[Dickiy]

Such movements will continue to occur and last until an unspecified and often unexpected time, it is not uncommon for some of us as traders to be very surprised by seeing it, especially if we experience losses due to the impact of these fluctuations, mentally and psychologically will definitely be disturbed and of course it greatly affects everyone when they want to start they will have difficulty making the right decision. I hope they will remain cautious and prepare some actions to minimize if it happens again, maybe there are some who take advantage of that moment when the bearish trend dominates as a result of selling bitcoin beyond the limit. and for those who haven't started at all will be quick to take that opportunity in the lowest support area.

I am not a trader myself. So, I don't know what traders do in such movements. Traders usually make money in both movements. But, if I am not wrong, almost every trader uses stop loss so they don't liquidate their balance. Significant movements happen where there are massive orders on exchanges, and sometimes, news also affects the market. Traders should always remain cautious because these moves happen very suddenly. If they do not set a stop loss for their position, then it's dangerous for them. I started accumulating Bitcoin since I started earning Bitcoin from the signature campaign I am participating. I sold a small portion of it, and the maximum earnings remain in my wallet.

There are some traders who understand and have prepared some actions as steps to minimize losses when it happens or reoccurs, and there are also some of them let it go and of course they will feel the loss as a result, I think for those who let it go are most of the new beginners who have just come who do not really understand every condition that is there, and with that it is only natural that the lack of action to minimize losses by some things that are very likely to happen there.

For stop loss well that's right, every trader is very obliged to have it and in my opinion it has become a very necessary thing and cannot be separated from our best planning regarding limits. It is very clear that stop loss has a very important role because in addition to good self-control and strong mentality they also have to apply some actions to help prevent the things they experience from being too significant, for example, like this stop loss. If they do not apply this important point at all to each trade then it will be very likely that they will experience large losses and even experience MC, as well as stop loss in fact take profit is also needed because there is absolutely no greed in trading, and take profit will help them to place some daily or monthly targets. Both are very important.

[tjtonmoy]

Are you on guard for any unexpected?

The crypto market itself is unexpected. So yeah, we all should be on guard for any unexpected turn. Also, remember that what goes up also comes down. I am not saying that there would be a huge dump after this spike because I am not sure what is to come, but we all should be prepared. Bitcoin is a long-term investment asset, so those who are in hodling, won't think much of it. Ignore the little things and focus on the bigger picture.

If you think about it, imagine BTC reaching 50k. Will these small spikes make any difference? If you are a short-term trader then that's something you should worry about. But keeping in mind that BTC is a long-term asset, focus on hodling. History repeats itself. Halving is near. Is it still too late to invest in BTC and hodl? Of course not.

Focus on what you can gain in the long run. Then these small movements will mean nothing. Dump again? Well, that will be another opportunity to fill our bags.

{Not your financial advisor. DYOR}

[mvdheuvel1983]

I consider myself as a long term holder. It doesn't really matter what the price of Bitcoin currently is or is not. Price increase and price drop doesn't matter to me. Sometimes I try my hands on trading for a short period of time, that is the only time I get a bit concerned about Bitcoins price. Aside that, I my weekly DCA on point.

[JoyMarsha]

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

In the current bearish market, I always expect the unexpected to happen to my bitcoin and altcoin investments. I don't in any way put my hopes above my expectations that I start losing myself in light of the current bearish that is eating dip into the crypto market and that is preventing bitcoin and altcoins from skyrocketing in price. Because of that,
I don't think I have high hopes for the price of bitcoin this year; instead, I'll be paying close attention to the price of bitcoin by next year(months after the halving season).

I am assuming that, in the few months left before the year ends, the price of bitcoin will be between $30k and $35k.

[Viscore]

I understand we all have different expectations when it comes to bitcoin. But the fact that we know ever since that bitcoin will never guarantee a fixed or rising price because of how volatile it is, then we should learn to set limits on our expectations. However, bitcoin is highly profitable and anyone can prove that, but the problem is we don't know exactly as to when it will come to pump or might be dumping when we least expect it. That's how uncertain bitcoin is to the fact that it will make you highly profitable and at some point, it will also make you an instant loser more than you can imagine.

[2double0]

I understand we all have different expectations when it comes to bitcoin. But the fact that we know ever since that bitcoin will never guarantee a fixed or rising price because of how volatile it is, then we should learn to set limits on our expectations. However, bitcoin is highly profitable and anyone can prove that, but the problem is we don't know exactly as to when it will come to pump or might be dumping when we least expect it. That's how uncertain bitcoin is to the fact that it will make you highly profitable and at some point, it will also make you an instant loser more than you can imagine.

Yeah right, limitations help us to not imagine what isn't possible and also stop us from overthinking. However, concerned are those who are stuck in futures positions with either high or small leveraged position as it may turn up into a loss the moment btc turns negative. But traders who have invested in btc for long term don't take too much load on their mind even if btc breaks down 20% or even 30% in a day. We need a lot of patience in this and we can make decent money from crypto.

[Sanitough]

For me, I never expect too much from bitcoin. Although it can be a source of massive profits for those who know how to actually engage in it, and practice with caution, but we should still learn to set limits and to never expect those unexpected. Bitcoin has certainly its bullish and bearish season, and if we know the current position of bitcoin, at least we should know when to expect it becomes highly profitable and when not to.