Someone who just bought cryptocurrency like bitcoin today and already experiencing a dip in price is fairly inexperienced, and has a higher chance of responding to their emotions to sell.
let says you have just bought today because the price already dip down to $63k
Someone who just bought cryptocurrency like bitcoin today and already experiencing a dip in price is fairly inexperienced, and has a higher chance of responding to their emotions to sell.
let says you have just bought today because the price already dip down to $63k
More experienced investors know patience in the market and have better mastered their emotions. They know market behaviour and understand that the market dips and will also peak, it all just in a matter of time. Rather than selling, change to a stable coin and wait for the market.
Personally, I will not sell my assets just because of a seeing a thread somewhere saying that the price will go deeper. I believe that no one can predict the price and it's too far to be able to analyze what will happen next to the price of Bitcoin. But if ever the price comes to that price I will only keep buying everytime the price goes deeper, and it's what we called DCA.It would be better to be observant rather than on making yourself to be a believer but it isnt really that bad to make yourself having those kind of approach that you might considering on applying into your own analysis. Yes, there's no one would really be able to predict the future and this is why it would really be tons of speculations and predictions that would really be flying around.
Although I do not think - As I hope - that the price will not fall to 40K$, but it is a possibility. In such a case, if I am sure that the price will fall, I prefer to sell at the current price in the spot market and then wait for the decline in order to buy at a lower price.
I do not prefer short selling in futures because I simply do not like trading futures because I think it is too risky so I prefer to sell spot and wait for the drop to buy from below.
It's interesting to see the chart from Coingecko showing that the market cap continues to fall in the last 24H while the trading volume is going up. Are we likely to see a little reversal soon?We might be witnessing a BTC price manipulation event to allow whales to accumulate more tokens before the bullrun. The high trading volume indicates that there are always investors willing to buy tokens at the current price zone. As you suggested: we might be about to see a trend change: from re-accumulation to growth.
I think $40K is too low but, hey, we've seen dumps like that before.
if i have to make it sound moderately maybe around $51k. that's sort of a drop for the market to be oversold. its doesn't sound so bad if you have sold recently when the signal was received. the sentiment change will probably make people panic imo, which means those guys will keep dumping to minimize the loss if it really goers to worse.Yes, 50-51 thousand dollars seems acceptable. Yesterday, Bitcoin fell to 58 thousand, so it is a very possible scenario for it to fall to 50 K, since we are now in the fifties area.
Neither of the two. :)
let says you have just bought today because the price already dip down to $63k a few hours ago and then a post somewhere like this topic says that price may dump more down to $40k.
~
maybe the price has to dip that low in order for the market to have a good momentum in the next bull run, would you dump your coins and wait for the dump to buy at $40k on spot or would you rather go shorting on futures?
If I predicted that the market is going down, I believe that it should be shorted. I don't want to short BTC too much but it's an opportunity to make money so I just need to make sure that I manage the risk.For those who do like or want to see short term profits then if ever they would really be seeing those opportunity or chances for them neither to make long or short positions then they
I have an outlook of BTC to be increasing in price in the long term so that's the reason I don't want to short too much.
If I predicted that the market is going down, I believe that it should be shorted. I don't want to short BTC too much but it's an opportunity to make money so I just need to make sure that I manage the risk.For those who do like or want to see short term profits then if ever they would really be seeing those opportunity or chances for them neither to make long or short positions then they
I have an outlook of BTC to be increasing in price in the long term so that's the reason I don't want to short too much.
would really be doing it. Yes, there's no way that we could be able to predict on where market would be going on which we know that when it comes to predictability
then there's no trader or investor would really be having that future sight on what would happen. Indicators arent that 100% precise but of course it would be something
that will really be that giving out that at least on where prices could potentially go.
maybe the price has to dip that low in order for the market to have a good momentum in the next bull run, would you dump your coins and wait for the dump to buy at $40k on spot or would you rather go shorting on futures?The bull run is not yet over but just that the bull run can not just continue without some bear periods dominating market. If bitcoin continues to fall and I have enough money to DCA, I will continue with DCA. But I am wondering why this topic was not created in the bitcoin board because this is trading discussion board. Traders may have different strategies because they prefer to take the best advantage at the shortest time if possible, unlike holders.
We do know that when institutions do really tend to make that involvement and since they do have that financial capacity on doing so then its not really that something new anymore that they will really be always having that advantage if we do speak about financial aspects on which means that manipulation could really be that possible, but somehow crypto market cant really be that easily be manipulated which is unlike into those traditional markets like forex and stocks on which they would really be having that kind of advantage. This is whyIf I predicted that the market is going down, I believe that it should be shorted. I don't want to short BTC too much but it's an opportunity to make money so I just need to make sure that I manage the risk.For those who do like or want to see short term profits then if ever they would really be seeing those opportunity or chances for them neither to make long or short positions then they
I have an outlook of BTC to be increasing in price in the long term so that's the reason I don't want to short too much.
would really be doing it. Yes, there's no way that we could be able to predict on where market would be going on which we know that when it comes to predictability
then there's no trader or investor would really be having that future sight on what would happen. Indicators arent that 100% precise but of course it would be something
that will really be that giving out that at least on where prices could potentially go.
when opportunity knocks, its hard to resist when they now they can make money out of this crisis. now that they see panic due to the German government depositing large quantity of BTC on exchanges, it may really be a reason that institutions are also driving price down as they also be shorting in the futures market.
they are not predicting the price anymore but manipulating in their favor. as long as they could squeeze profit from the futures market, its an opportunity. the spot traders are also going to be doing the same as part of their accumulation.
An excellent opportunity when the dump can get to $40k and so the price of the Dip is awaited.If we believe the price will fall, then it is very appropriate if we have to collect ammunition to increase the load again. Because if we have the opportunity to buy coins at the lowest price, our potential for profit will be very large. And I believe, this is what all crypto traders and investors are waiting for the most.
I'm going to start buying and filling my bag with Bitcoin and some of the top altcoins that are certainly very affected by the bitcoin dump.
Leaving money on reserve will be very useful when the dump can reach $40k, it is still in the $60k price area and still at a good price to buy before the $100k ATH is reached.
An excellent opportunity when the dump can get to $40k and so the price of the Dip is awaited.If we believe the price will fall, then it is very appropriate if we have to collect ammunition to increase the load again. Because if we have the opportunity to buy coins at the lowest price, our potential for profit will be very large. And I believe, this is what all crypto traders and investors are waiting for the most.
I'm going to start buying and filling my bag with Bitcoin and some of the top altcoins that are certainly very affected by the bitcoin dump.
Leaving money on reserve will be very useful when the dump can reach $40k, it is still in the $60k price area and still at a good price to buy before the $100k ATH is reached.
There is no guarantee that the Bitcoin price will bounce again as you mentioned. So far it has entered the bearish season where the Bitcoin price should be able to fall again and start its journey to $20k again like the peak of the last bearish season. When you see market conditions like this, many traders will feel depressed. Bitcoin prices can soar high again after entering the halving season in the next 4 years because usually Bitcoin prices will soar high when an event like that approaches.An excellent opportunity when the dump can get to $40k and so the price of the Dip is awaited.If we believe the price will fall, then it is very appropriate if we have to collect ammunition to increase the load again. Because if we have the opportunity to buy coins at the lowest price, our potential for profit will be very large. And I believe, this is what all crypto traders and investors are waiting for the most.
I'm going to start buying and filling my bag with Bitcoin and some of the top altcoins that are certainly very affected by the bitcoin dump.
Leaving money on reserve will be very useful when the dump can reach $40k, it is still in the $60k price area and still at a good price to buy before the $100k ATH is reached.
we don't really know the bottom though. its why most investors are just DCAing because they as well regardless of how long they are in crypto and trading, they may still misunderstood the signals that indicators say to them. its always just our own interpretation.
there are several support lines where the market will likely bounce such as in the $56k and also in the $52k. so don't give too much weight on that $40k bottom. the price may even just go sideways from now on and will bounce eventually when the supply run low.
So now, the plunge did happen and there could really be that possible hit on reaching out that $42k floor. Yes, its too deep but it could be possible.Bitcoin prices have been falling for several days, but it seems difficult to reach this price. If I am optimistic and predict prices will rise soon, before finally falling again.
One of the hardest thing to consider and knows on whats the actual reason behind these movements? We dont have any sentiments around
on which it would justify the drop. This is why to those who are really that eyeing for drops then this would really be the sweet spot to get in.
If we believe the price will fall, then it is very appropriate if we have to collect ammunition to increase the load again. Because if we have the opportunity to buy coins at the lowest price, our potential for profit will be very large. And I believe, this is what all crypto traders and investors are waiting for the most.It was highly anticipated and now Bitcoin is starting to fall at the price of $60k and is now in the $56k price area.
maybe the price has to dip that low in order for the market to have a good momentum in the next bull run, would you dump your coins and wait for the dump to buy at $40k on spot or would you rather go shorting on futures?If I have solid reasons to believe that the price of BTC will dump to $40k which I don't have then I will book my profit now and wait for entry at $40k but that's not how things worked We can assume so many possibilities but its not reliable to make profit from trading. People who love to do future trading will short the trade.
maybe the price has to dip that low in order for the market to have a good momentum in the next bull run, would you dump your coins and wait for the dump to buy at $40k on spot or would you rather go shorting on futures?If I have solid reasons to believe that the price of BTC will dump to $40k which I don't have then I will book my profit now and wait for entry at $40k but that's not how things worked We can assume so many possibilities but its not reliable to make profit from trading. People who love to do future trading will short the trade.
But when too many people already know the market situation market doesn't go the way the whole participants are waiting for it t go. Therefore foreseeing a plunge is a good thing but not surely thing. It is always best to follow risk-reducing methods even if you think the price of BTC will go down. Many people were thinking that the price of BTC would go down due to MT GOX repayments, but the opposite of what everyone thought was happening. Therefore proper plans are needed.