Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on February 06, 2020, 05:01:29 PM
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i know some people here remembered the 2018 Jan bull that cost loads of havock to the crypto market. Many people loose their hard earn money riding the market without looking back untill evverything fall from 19,000k to 10k. it became clear the bear was stronger than the bull.
we might be eperincing similar move this year. i wish every trader out their to be watchful and never repeat the mistake of the past.
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The situation is difficult to predict. Many traders experience losses due to bubbles experienced by Cryptocurrency. Especially Bitcoin which at that time increased dramatically. The effect is altcoin is also experiencing the same thing.
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Cryptocurrency world is actually with different people are their different mindset about digital currency, why I think crypto havok will still occur to many people is because of greediness of gain, even when traders watch their back about the cryptocurrency bullrun.
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The cryptocurrency market is moving to a global level and, like in any profitable business, there are many scammers. Those who burned themselves on the benches of 2018 have already gained useful experience and will continue to be careful in choosing projects.
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I think that before the Bitcoin halving, the cryptocurrency market will grow, so now we need to make a profit as much as possible on this positive trend, but after the bitcoin halving, the cryptocurrency market may fall.
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The future of the market was really hard to predict but as we can see the movements of the market, I can tell that we are already on the bull market. And it is not a bull trap because the bitcoin halvening was already near and all the investors keep on accumulating while others get FOMO.
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The market is so volatile as it is that's why every traders and investor should observe precautionary measures before joining and ride in any crypto bandwagon, especially those newbies in the crypto industry that was based only in hypes and the popularity of the projects everyone should learn first before going to invest in cryptocurrency.
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People always want to get easy and quick money, but forget about the high risks in the field of cryptocurrency. It is especially difficult for beginners, for them it becomes like a game of roulette, lucky no luck. But anyway, this is all experience and without loss it is impossible to learn how to trade.
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Are you too afraid to try this year? Yes it looks scary if the crypto again experience bubbles and price increases that are not in accordance with the logic. But if you look at this year, the current crypto price increase is because crypto is becoming known and used for investment.
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totally agreed. the 2018 bear season was harsh and yet we have no confirmation to enter a strong bull market. Yes we reached the 9800 level and we are about to make a higher high however the volume is not enough yet. This seems like a huge bull trap instead of a bull market. We have to be really careful right now, until the halving anything can happen
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Im not scared to the bull market. In every markey conditions, people should not be greedy. I will just pull my investment capital back when bull run comes and then all the profit i made, i will gamble it.
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Crypto business is always risky, bullrun can happen anytime and ends very soon. You must know the trends in the crypto market very well. I think if you are already on crypto world for years, you must know how the crypto market works. Don't worry as long as you do the right way.
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Many people say that this is a bullish signal. But, be careful and never only follow the hype. We may not be panic to sell or buy. The market is still probably changing and nobody knows some days later if the market will be still good or not. So, always do research and analysis before you decide to do something.
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i know some people here remembered the 2018 Jan bull that cost loads of havock to the crypto market. Many people loose their hard earn money riding the market without looking back untill evverything fall from 19,000k to 10k. it became clear the bear was stronger than the bull.
we might be eperincing similar move this year. i wish every trader out their to be watchful and never repeat the mistake of the past.
Yes you are right here. I think every one thinking about this and that's why market is going slowly up. Actually there is no barrier that anyone control market so those who are investors must be careful about market that 2nd time mistake did't happen.