Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: pablobitcobarofficial on June 21, 2024, 08:28:08 PM
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Embrace the Box: Understanding the Volatility Zone
In recent months, I've observed a significant number of traders losing their composure amid market fluctuations. The focus here is a "volatility box" with a 20% range from top to bottom. Optimal entries are near the bottom of this box, yet few have the courage to buy during periods of fear. Conversely, as prices approach the top, more investors enter, only to face short-term losses.
The Certainty of Time: Profiting Within the Box
Regardless of where accumulation occurs within the box, those who do so will eventually see profits. This is a certainty based on the market's behavior. I believe that once the price breaks out of this box, the market will exhibit significant movement.
Market Dynamics: The Impact of ETFs and AI
Over the past four months, the market has remained stagnant, marking an extended period of sideways movement. This is a substantial duration, and the only notable change is in the portfolios of those attempting to outpace seasoned traders. The introduction of ETFs has altered market dynamics, pitting traders against Wall Street and BlackRock's Aladdin AI. Understanding this shift is crucial; otherwise, complaints about the sideways market are futile.
Shitcoins: Risks and Opportunities
Regarding shitcoins, I maintain that they often cause more harm than good. However, during stagnant market periods, their hype and adoption can surpass traditional altcoins in terms of volume and adoption. Over the past 24 months, I've observed a shift towards shitcoins, presenting unique profit opportunities. Despite their potential, it's essential to remember that 99% of shitcoins will eventually lead to rug pulls. The key is to exit timely.
Historical Perspective: Patience in Bull Markets
This bull market is more challenging than that of 2021 but bears similarities to the 2016-2017 bull market. Patience will be rewarded. Trust the box, as I've advised repeatedly. Whether trading at the top or bottom of the box, these zones are strategic. Anything outside this framework is gambling, which has led to significant losses for many over the past four months through panic selling, high leverage trading, and buying high only to sell low.
A Message to the Community
To the community, especially those who have struggled during this stagnant market, remember that emotions are difficult to control. The current market, with its influx of information and FUD at the 63k level, makes it challenging to act rationally, particularly for newcomers. Stay motivated and trust in the strategy of trading within the box. Patience and adherence to this approach will ultimately pay off.
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Regarding shitcoins, I maintain that they often cause more harm than good. However, during stagnant market periods, their hype and adoption can surpass traditional altcoins in terms of volume and adoption. Over the past 24 months, I've observed a shift towards shitcoins, presenting unique profit opportunities. Despite their potential, it's essential to remember that 99% of shitcoins will eventually lead to rug pulls. The key is to exit timely.
Shitcoins are making good money principally for the people behind them and the pioneering supporters who are able to get out before they collapse. In its real meaning, shitcoins can be considered as just temporary scams and there will be people who can be left with nothing if they are not careful and have not fully understand the risks and rewards in dealing with shitcoins. Right now, shitcoins under the name of memecoins most especially under the Solana network are making waves in the market...certainly producing money for some and losses for many. Unfortunately, there is no way to stop this madness for as long as there is a market for the things these devs are producing. We could only warn people of the possible pitfalls that can come to them.
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Yes, patience is the magic word for trading. Those who come quickly and want to make quick profits will fail, and those who are afraid and give up what is in their hands due to the falling price will also lose. Patience is required in both cases.
We saw, for example, how the price fell yesterday due to news of the sale of Bitcoin by the German government, as many began to sell as a result of fear and impatience. Whales took advantage of the opportunity and bought large quantities of Bitcoin at prices considered cheap. Those who sold will regret it due to their fear and lack of patience.
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Of course yes, navigating the volatile crypto market requires the skill of Patience and a drastic marketing logic of DCAs.
Keep up to the trends and stay tuned to the market cap but resist marketing sentiments which are mostly falsefully speculated in the media.
But then, to navigate the volatilities, you are required to choose your desired coin projects, studies it and understand the volume of its volatility so then you would know how much long you cou hold it and take your profits before regrettable stories is assumed in the next circle of markets events.
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I don't know if we still needs to complicate things or just elaborating what we had experience in the market. So for me, it's obvious though, we should be in top of our game everything, like having a patience and that mentality that we will always win no matter what, in short just be positive.
And then you need to have strategy as well so be able to cope with the ever dynamics of the market, because there's no such thing as one size fits all strategy. It will depend on what the market will offer to us and then adjust our strategy.
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That "patience" part is such a difficult thing to master, a lot of people fail with that part. I get that it is not easy and it takes time but if you could do what you need to do then you are going to end up with a good result without a doubt. I personally believe that if we know what we are doing and can put some good money into bitcoin at all times without being scared of the market then we are going to end up with a good result. We should just consider being patient and not worrying about anything in this regard. Obviously its not that simple to have results that come right away, sometimes it takes time and sometimes its not easy but if you do what you need to do then you are going to be fine. All we need is just getting some good results with time once, if we do that then people get used to waiting for years because they waited before and profited so they would be willing to wait more once again to make a profit.
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Regarding shitcoins, I maintain that they often cause more harm than good. However, during stagnant market periods, their hype and adoption can surpass traditional altcoins in terms of volume and adoption. Over the past 24 months, I've observed a shift towards shitcoins, presenting unique profit opportunities. Despite their potential, it's essential to remember that 99% of shitcoins will eventually lead to rug pulls. The key is to exit timely.
Shitcoins are making good money principally for the people behind them and the pioneering supporters who are able to get out before they collapse. In its real meaning, shitcoins can be considered as just temporary scams and there will be people who can be left with nothing if they are not careful and have not fully understand the risks and rewards in dealing with shitcoins. Right now, shitcoins under the name of memecoins most especially under the Solana network are making waves in the market...certainly producing money for some and losses for many. Unfortunately, there is no way to stop this madness for as long as there is a market for the things these devs are producing. We could only warn people of the possible pitfalls that can come to them.
Given the increasing numbers of investors every single day shitcoin investing would I think one of our choice because just like gambling we are also expecting and hoping for luck on it and yeah not all shitcoins are really worthless some may have success that made few millionaires and majority of them fail that ends up investors broke or just losing some portion of their capital. That is why we should be careful, decisive and do our own due diligence.
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Of course yes, navigating the volatile crypto market requires the skill of Patience and a drastic marketing logic of DCAs.
Keep up to the trends and stay tuned to the market cap but resist marketing sentiments which are mostly falsefully speculated in the media.
But then, to navigate the volatilities, you are required to choose your desired coin projects, studies it and understand the volume of its volatility so then you would know how much long you cou hold it and take your profits before regrettable stories is assumed in the next circle of markets events.
It's very important to DYOR so as to make the right decisions while accumulation a coin for profit sake. Those Media influencer could be paid to make ads on a particular project which they might also exaggerate and make it look more than it is. So let stay vigilant to those false news and stick to your research. Though sometimes our own research could fail but that is where Investing what you can afford to loss comes in. Aside from Bitcoin Investment, I don't recommend any to put in much in any other project.