Last Unicorn (OP)
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March 05, 2024, 08:46:06 PM Last edit: March 17, 2024, 08:31:58 AM by Last Unicorn |
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Sorry but I cant enough time answer all, but for better understanding I edited it a bit...
I was talking about a case a few weeks ago, when the price dropped from 70 to 60000 within 2 hours. Why couldn't they sell BTC and wait for the decline to stabilize and then buy BTC again at a much better price, like everyone else did. Instead, they useless went against everyone and against the market, and since they did not have enough purchasing power, the hours dragged on one place (2cm up and down and again, the same over and over for long hours). We could all make decent money, but because of those "experts" we all had 2/3 less. And right now it's happening again, BTC fell to 65 and again some "geniuses" are preventing further decline, so again the clocks stands in one place and stretches by a few cm. Sorry, but this is nonsense, I dont know if they are trying to piss everyone off, or they are from another planet ...
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batang_bitcoin
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March 05, 2024, 08:53:41 PM |
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You have to understand that you're winning because someone is losing on the other end of this world. This is the market and we're all involved in this. And you can dictate what people will do, if they feel that they should buy at the peak, they'd do that. Before, there have been many that did that mistake and even til' now and on the next cycles, there will still be people that would do that. So, if you don't understand them, just mind your thing and keep repeating what you've been doing profitably.
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Rent this sig space so that BTC goes to $100k.
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Mia Chloe
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March 05, 2024, 08:55:32 PM |
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What are you trying to explain? From my understanding of what you wrote, the summary of it all is you always buy some Bitcoin any time there is a dip in price, and of course it is a simple strategy that Hodlers use. I have also considered a scheme like that only it wasn't quite safe due to the fact it depends on an exchange. Anyways it works like this, anytime there is a significant increase in price change you can swap those coins to a stable altcoin like USDT. and when dips occur you can simply swap back to Bitcoin if the math is correct, in that case you are actually increasing the units of Bitcoin decimals or rather Satoshi's you own. Anyways buying and storing in a safe wallet aside an exchange is still a better option though. Don't forget to keep your keys safe mate ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Rikafip
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March 05, 2024, 09:00:13 PM |
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Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings...
The way you oversimmplified things, I don't think that you know what you are talking about and mostb likely you end up "selling low buying high" instead the opposite. If things were so easy as you explained, then majorify of traders woiuld be in profit while in fact only a small percnetage of them are actually successfull in the long run. Sure, you may get lucky and sell few times at the top and buy at the bottom, but its much harder to do that in the long run and end up net positive.
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nakamura12
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March 05, 2024, 09:07:43 PM |
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That's how they people earn profit which is to buy at the lowest price as it gets and then sell when the price increase. Well, that's their decision if that's what they want to do and let them do it. You should just focus on your own thing and earn profit. After all, it is the market that we are discussing about and if they buy instead of selling then that's their choice and you can only give an advice to them but it's still up to them if either they'd do it or not. It's not all the time that you will earn profit and it slso depends on how long.
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thecodebear
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March 05, 2024, 09:11:08 PM Last edit: March 05, 2024, 09:47:43 PM by thecodebear |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings... I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere!
you must be new to investing/trading lol You're blaming the market for things not going perfectly how you hoped they would go. Sounds like you saw the price crash, sold low, hoping it would go lower, it didn't and now you are sitting on losses. So you are the one who made the mistake, thinking you could beat the market by selling low haha. Can't blame other people for your own mistakes buddy
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The Cryptovator
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March 05, 2024, 09:11:35 PM |
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You can't decide how others will buy or sell a coin. Also, you can't control the market at any point. You can just do whatever you think is best for yourself. We aren't geniuses and can't trade according to your thoughts. It's good if you can make money even when you start the dump. But we don't know where it will stop. It's kind of stop-loss you are talking, but manual. We all know this strategy, and this way we can accumulate more coins. But it has to be done perfectly, otherwise we may lose.
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Zigabel
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March 05, 2024, 10:46:13 PM |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings... I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere!
Your strategy is a normal one which almost everyone applies to get the very best out of Bitcoin, buy low and selling high and this is definitely a decision that will be taken by your the investor with almost no interference by anyone except you allow them to, no one is limited to using any kind of strategy to get the best out of Bitcoin, whatever strategy you feel is best and will give the kind of results you expect to get from.bitcoin you have the liberty to use and whosever is trying to use your same strategy should then know thst they ready to bear whatever risk it is they would come across using your strategy. You considering other people's strategy well enough to allowing it affect your how well you invest or trade is something you do at your risk because no one is going to pressure you into doing something else, these geniuses you mentioned knows what best works for them so they know how well to trade or going against the ride and still stay profitable so I will advise you don't do what you don't understand.
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nelson4lov
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March 05, 2024, 10:53:13 PM |
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The market is made up of everyone's biases. You can't control the market because you feel that your bias supercedes every other person's own? I'm familiar with the concept of "not leaving money on the table" but when you chose to apply such strategy, you should make such decisions with the mindset that things might not go your way every single time and that there is always a risk. If you can't take on the risk, just but and hold like the rest of us and you should be fine then when (not if) you're satisfied with the profit, you sell.
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Tipeform$
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March 05, 2024, 11:03:36 PM |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings... I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere!
Everyone thinks like you but very few can succeed. Yesterday when the market went to the highs and went down from there maybe many people went to the highs and sold when it reached $59k some bought and some missed the market. But most people missed the market because I think no one sold in this pumping market everyone expected the market to go higher. I think no one is completely successful in cryptocurrency no matter how technically and manually expert.
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Fiatless
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March 05, 2024, 11:05:57 PM |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings... I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere!
Everyone deal with Bitcoin Investment differently. Some are traders while others are long-term investors. As a trader, you will have to follow the market to identify when to buy or sell. On the other hand, long-term investors don't have much business with buying or selling because of the slight movement of the market. Most long-term investors have analyzed and forecast how the market will be in the future. Having these predictions in mind they have set price benchmarks on when to sell or buy. They have no business with these minimal price movements that is caused by FUD or FOMO. Your investment strategy might be working for you but don't forget that others also have theirs.
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Assface16678
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March 05, 2024, 11:07:49 PM |
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That's the midset of those investors or traders that eventually facing a great loss in bitcoin, you can't control the market nor predict what will its next move if you are just an investor that sell their assets just because it drops slightly then you mostly will also not earn or get a reward from it, because slight dip or a dip in price of bitcoin is part of being volatile its not always going upward there's no such thing as that, that's the reason why we are saying that bitcoin is for long term, because if you will focus on what is happening on its price short term then you will most likely came up to a decision to sell if you see it dip slightly, look at the price of bitcoin right now, if you brought bitcoin in january start then you hold your assets up until now then you have already secured a huge profit that's the definition of bitcoin being long term.
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Dr.Bitcoin_Strange
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Bitcoin has just some common investment strategy that the majority of investors are using. There is yet no secret strategy for investing in Bitcoin; apart from buying the dip and hold, maybe sell during a price surge and buy back when the price dips again. The fact is that, if you are a short-term trader, you cannot always outsmart the market at all times. You definitely may also run into losses along the line unless you are lucky enough to sell before a huge dip and also to buy back before a huge pump.
As a matter of fact, do you know that as the Bitcoin price pumped to $69k today, there were still so many buy orders executed at that price? I believe those people who bought at that price were hoping for the price to get to $70k–$75k so that they could sell and make a little profit. They got disappointed because the price has now dropped, and they will have to wait for another price pump.
There are many strategies, and everyone has one they are using. If you are a trader or a short-term investor, know that you cannot outsmart the market at all times.
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tabas
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March 05, 2024, 11:31:04 PM |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned...
Actually, this is good on your end because you know what to do and you just have to rinse and repeat this strategy of yours and you'll never know how rich you'll be ending up from doing it so on this market. BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! And while us the holders, just do nothing but to watch everyone get liquidated and do their hustle and bustle in action. Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings... We can't blame them for that. We are geniuses in our own paths and ways. If that's what they've done and this is the first time they encounter this bull run, that's understadable. But if you've been sitting here for years and you still do that mistake, it's your mistake to correct and that's still not a shameful thing because no one can easily win against this market but base on your experience and decision making. I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere! LOL, just be grateful that you're on the right path doing the right thing instead of making significant loss that others are still trying to recover with.
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paid2
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I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere!
Wow.... You should -for now at least-, consider to read a little bit more and to invest a little bit less perhaps...
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vapourminer
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what is this "brake pedal" you speak of?
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March 06, 2024, 12:56:40 AM |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings...
read this https://bitcointalk.org/index.php?topic=375643.0
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odolvlobo
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... ... I'm seriously upset because a couple of such "smart" people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere!
How do you have a 15k loss if you sold when it was dropping and then bought it back when it was cheap? Maybe your magic crystal ball is broken. Rather than complaining about "smart" people, you should blame the real culprit, the magic crystal ball manufacturer, for selling you a faulty product.
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GreatArkansas
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March 06, 2024, 01:14:22 AM |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings... I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere! (.....)
This is easy to say but difficult to execute. If this is how easy to make money then for sure most of us are already rich, but unfortunately, it's not. The way you say OP looks like you are trading and telling, buy low, sell high. But behind that, you need to struggle knowing when to dump or when to pump.
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BlackBoss_
Sr. Member
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Rollbit is for you. Take $RLB token!
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March 06, 2024, 01:17:46 AM |
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When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned... BTC is going down now, so let it go and buy when it stops.
It is possible action with Spot market but it is impossible for people who join Margin and Futures trading, they can not proactively sell and most of them got forced liquidations. Price crashes because of forced liquidations from exchanges, not by proactively selling of traders. We can all make money from it and then we will again get it up together!
True but again it is only possible if you don't use Leverages, don't use Futures for your trading. If you control risk well, by don't using them, you will be able to cut loss, buy back and get profit from price bounce.
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Patrol69
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Axioma Holding - Axioma Pay Crypto Card
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March 06, 2024, 01:19:00 AM |
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How can you be sure that when the price of Bitcoin goes down, this amount can go down and when it goes up, this amount will go up and dump again. If we don't invest we regret that time when the market goes down and then goes up again but when we go down we think the market will go down further so we can't invest at the right time. If it was understood in this way that the market will dump a certain amount and pump again after dumping a certain amount, then no one would ever lose money by investing. Since there is no chance of certainty, we have to invest with some risk and wait for the market to go well. If the market is in a good position, it is definitely possible to earn profit from the investment.
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