Bitcoin market

[uchegod-21]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

You write as if you  are new to Bitcoin and crypto as  a whole. With this mindset,  I am wondering how it will be possible for you to be a successful trader. Many traders fail because they panic alot and I am already seeing that in you. If the whole thing makes you worried, maybe you should consider being just an investor, where you can just buy and lock it in for years without bothering about how the market behaves. Although, this that I have just suggested does not automatically rule out anxiety and fear, but here you can control your emotions better than when you will have to be active frequently trading. In both, you need to understand Bitcoin so it will be easier for you to learn how to control your emotions when the price of bitcoin fluctuates.

[Jegileman]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

If you’re just starting up trading, you still have a long way to go because it shows they you’re emotions hasn’t been dealt with yet and this is an major turning point for all traders in the market if they want to stay at the top and remain profitable. The market is very volatile, so trading Bitcoin needs an expert prediction and not for upcoming traders to risk too much on it when trading. Your technical analysis will help guide you better into making the best decisions as to where the market direction will be, so you should expect more learning and understanding on the technical aspects of the market also.

Trading requires you to both be courageous and have that wisdom and knowledge in the market. Having knowledge is one thing and being able to execute trades is other thing which some traders don’t think of it as an important skill to have. You may have the knowledge but if you can’t execute the market, then you’re as good as not calling yourself a trader at all.

[Cryptomann4562]

Waiting new highs from BTC

[Alphakilo]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

You write as if you  are new to Bitcoin and crypto as  a whole. With this mindset,  I am wondering how it will be possible for you to be a successful trader. Many traders fail because they panic alot and I am already seeing that in you. If the whole thing makes you worried, maybe you should consider being just an investor, where you can just buy and lock it in for years without bothering about how the market behaves. Although, this that I have just suggested does not automatically rule out anxiety and fear, but here you can control your emotions better than when you will have to be active frequently trading. In both, you need to understand Bitcoin so it will be easier for you to learn how to control your emotions when the price of bitcoin fluctuates.

For most traders right now, this $70k price is nothing more than a bull trap that can deceive an unsuspecting trader into opening new leverage positions that may backfire. Hence the need to be very vigilant and instead apply the wisdom of holding your Bitcoin asset by a DCA strategy for long term.
I can also smell the fear and panic in the OP's words and it shows a lack of risk management knowledge, not to talk of the wisdom of how to apply it.
There's so much speculation ongoing and we are more in a structural growth phase than when there were so many critics and fomo of Bitcoin crashing. Bitcoin's growth and profit value remains intact as long you know the right thing to do at certain times like this.

[Josefjix]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

You know, it's nobody's business to advise anyone to trade Bitcoin or not, but someone can give you a clue where you have to find out whether you can continue to trade or withdraw out of it.

What you actually need for a start of trading is actually wisdom, knowledge and more to fully understand what you are doing before seeking advise from external traders.

If you can't be emotionally strong, then I advise you to step away and learn more of discipline, emotional stability and financial management before onboarding in again.

[Sulegzy39]

Nobody's job to counsel someone on whether or not to trade Bitcoin, but someone can point you in the right direction to determine whether you may continue to trade or withdraw.If you are new to the market and trading, you should avoid trading at this time and instead devote your time to understanding and mastering the many forms of trading and how they each perform under different market situations. If you are about to trade and you are already experiencing fear and anxiety, it clearly indicates that you do not know what you are about to do, so it is best not to trade at that time; instead, give yourself time until the market is in a condition where you are confident in your decisions and choices, at which point you can give the market a try.

[uneng]

I believe it's not time to trade, neither to withdraw. The moment demands investors to build their portfolios expecting the next bull season which is likely to take place in few years. If you trade or withdraw, you are wasting your money's potential and risking it to unnecessary losses. Crypto isn't a market where you should be trading frequently. It's a market where you should buy and hold aiming long term returns.

That is the best way to profit from this market, as Bitcoin history shows us.

[SamReomo]

What you actually need for a start of trading is actually wisdom, knowledge and more to fully understand what you are doing before seeking advise from external traders.

Knowledge is important for every trader but I'm still thinking that what type of wisdom a trader needs to make good and profitable trades? I mean any good trader with knowledge and experience can take profit from the market and even the ones without wisdom can also make profit from the market without any issues. Seeking advice from other traders is okay for beginners but once someone learns and understands the market then there's no need to seek any kind of advice.

[Alonso_]

I feel your fear, but considering the volatility nature of bitcoin I think it’s more important to not focus on speculation or the price of bitcoin, instead it should be more of buying and holding bitcoin, right now it now seems like bitcoin doesn’t want to pass the $70k mark which have been a constant price of bitcoin, but you never can tell it’s worth applying the same approach of buying and holding bitcoin for investment purposes, I wouldn’t be surprised that the price of bitcoin exceeds what we currently have now, people who should be scared right now are people who are mostly bitcoin traders.

[Outhue]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

This topic doesn't belong here, move to trading discussion.

Invest only what you can on Bitcoin and be prepared for a long term, avoid any present price action because it will be deceiving, the price will still go down but it shouldn't matter if you are here for the long term, all I can say is the price will go up again after years and we will reach a new all time high again, anyone buying now isn't wasting money unless they aim for few months before selling which I don't recommend.

[MinoRaiola]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

If you look at the current global situation, there is a lot of fear because the war. Bitcoin is down about 45% from its all time high, so yes, people have lost some confidence. Or they feel they dont have enough security and maybe forced to sell their coins. The USA have put itself in a bad position with the war against Iran, and the world is starting to lose trust in them. All of this is a reason that markets (not all) drops. Bitcoin will survive all of this and come out even stronger in the end, we have seen that many times in the past.

[Joy- maker]

So your opinions are welcome here should I continue trade or withdraw

My own opinion is, focus on the ongoing accumulation of Bitcoin, and accumulate Bitcoin as much as you can using the DCA method and then hold for long term. Trading is very risky, it can only cause you more harm than good. people have lost hudge amount of money to trading and up til now they haven't recovered half of the money they lost to trading. So if you want to profit from Bitcoin just focus on long term holding, buy and hold don't trade for your own mental health.

[johnnyyash]

My own candid advice is that you should hold, trade and not withdraw yet....who knows they might be sudden bounce back....

Just hold and be expectant that there will be a bounce back in the recent price of bitcoin ...don't be to quick to withdraw..

[john_egbert]

My own candid advice is that you should hold, trade and not withdraw yet....who knows they might be sudden bounce back....

Just hold and be expectant that there will be a bounce in the recent price of bitcoin ...don't be to quick to withdraw..

Yep. Slippy hands is the thing that kills many bags and portfolios. Better to hodl if you can.

[TokenTikas]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

First of all, If you want to trade bitcoin, you really need courage and clear idea understanding of the market. The truth is, nobody can say for sure which direction the market will move at any time. So we know that we are passing through a (bearish/bad) period now, many people are still taking advantage of different opportunities in this condition. Those who trade and understand the market well actually prefer this kind of situation. When the market is going down, traders enter short positions and if the entry is correct, they can make a good amount of profit. Everything depends on how well a trader can analyze the market and how much result they can get from that analysis. Actually it may look difficult, traders do not see it as something impossible, they keep working with it at any time. For people who understand the market properly and can analyze tokens carefully, trading becomes a real opportunity to earn.

Even though the market is not really in a good state at the moment, if you feel you can manage everything right way then you can keep trading. But if you are still new trading world, it is better you stay on the safe side for now and wait until the market becomes better before thinking about trading. Since your position is not very clear to us, I will say if you understand the market well, you can continue but if you are not too sure, then it is better to pause a bit during this bearish period. At the end, the choice is yours to make.

[rezakurnia66]

My own candid advice is that you should hold, trade and not withdraw yet....who knows they might be sudden bounce back....

Just hold and be expectant that there will be a bounce back in the recent price of bitcoin ...don't be to quick to withdraw..

Up and down normally in cryptocurrency exactly for bitcoin but the exactly winner is the people keep holding bitcoin assets don't quick withdraw during bitcoin have drop to lower price because bitcoin will bounce back to the higher price. Few days ago bitcoin drop under $70k and yesterday success hit new higher price more than $75k and the holder should earn much profit if patience holding bitcoin assets, but not always holder is the winner and right now bitcoin get correction again after dropping under $70k.

If have chance to sell bitcoin at higher price in my opinion don't hold land sell it then you can wait the moment of bitcoin dip to lower price to accumulate as much as possibility based on your capital.

[Publictalk792]

My own opinion is, focus on the ongoing accumulation of Bitcoin, and accumulate Bitcoin as much as you using the DCA method and then hold for long term. Trading is very risky, it can only cause you more harm than good. people have lost hudge amount of money to trading and up til now they haven't recovered half of the money they lost to trading. So if you want to profit from Bitcoin just focus on long term holding, buy and hold don't trade for your own mental health.

Experts are of the opinion that owning Bitcoin is most effective way of getting wealth since it is possible to buy small amounts often and keep them long instead of trying to sell them daily. This buy and keep way is much healthier to your mind since you stay calm on market ups and downs and you do not lose money on careless buys, trap that 95 percent of day traders get into. When you move your Bitcoin to offline plug in wallet and think long term you will not be put through feeling based stress of trying to guess market and gain as system steadily grows. Where traders would end up losing their whole investment when scared or unlucky, trained and patient traders will have high chance of reaching big money goals as price goes up to $100,000 and above. Lastly, better and safer way to go is just to have Bitcoin in your pocket since you can continue to collect value on your savings same way whole market is and not always live in fear that it might all disappear out of nowhere.

[bubilas]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

This month is full of moments that can affect the price of bitcoin, which has been growing strongly in recent days (it was at 76,000).We observe a high level of uncertainty in the economic outlook. Special attention is paid to the consequences of events in the Middle East for the US economy.
The Fed's rate decision was recently released - rates remained unchanged amid steady growth, but increased inflation, a weak labor market and significant geopolitical uncertainty. I do not know if this is why bitcoin fell to 69,500.

[summonerrk]

For those of us that are trading in the market fear and anxiety is a major challenge for us because of the rise and fall of the prices so must I say does it take courage to trade or wisdom because as of now the price of bitcoin is below $70.000 and I don't know if it might go down than this
So your opinions are welcome here should I continue trade or withdraw

This month is full of moments that can affect the price of bitcoin, which has been growing strongly in recent days (it was at 76,000).We observe a high level of uncertainty in the economic outlook. Special attention is paid to the consequences of events in the Middle East for the US economy.
The Fed's rate decision was recently released - rates remained unchanged amid steady growth, but increased inflation, a weak labor market and significant geopolitical uncertainty. I do not know if this is why bitcoin fell to 69,500.

Jerome Powell is probably the most professional diplomat of all the politicians I have to listen to.
I think Jerome, as a very responsible person (unlike some of the orangutans in the china shop), set himself just such a goal – to calm the markets. He calmly answered questions about Iran and oil prices. And his main message was in a tone that was soft enough.
As for trading and the market situation, it's in BTC. There are still a lot of offers at the top. There is support from buyers below. The densest wall of purchases is located in the range of 66.5–68 thousand dollars. And this lower group of offers probably acts both as the next "magnet" and as a key support zone.

[RumorCipher]

What you’re feeling is completely normal — Bitcoin is volatile by nature. Price swings of 10–20% in a single day aren’t unusual. Before deciding to continue or withdraw, it’s better to understand the environment you’re in  https://www.investopedia.com/riding-the-wave-how-to-manage-crypto-volatility-11833947

Trading isn’t about courage, it’s about knowing what kind of market you’re playing in.