Adaptability is very important | Bitcointalksearch.org

radjie

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Having skills in trading is indeed necessary, moreover, we must adapt to the situation of market price movements to get used to and understand the flow. usually when selling when resistance requires patience to wait a long time until the target we want can be achieved because usually market price movements will be difficult to rise, this is of course because many sell at the same price point.

for experienced traders, of course, always take advantage of opportunities when resistance occurs, it is likely that in the near future there will be a correction so they can wait to make a buy back when the price drops

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Yet there are people who HODL, when it comes to investing it all goes down to the character and preferences of the investors, there are traders who want to make a profit in a short period of time and there are traders who can wait for months or years and wait for the coin to go to the moon, but whether you are after short term profit or Hodling you should know how to shift gear.

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Quote from: junmisakiro on December 06, 2020, 07:57:26 PM

yes, with adaptation we can find out how things are around and of course will have a lot of experience from this adaptation process, keep learning wherever you are.

Also, adaptability helps you to get used to any market trends, be it the bull market, the bearish market, or the inconclusive ones; If you can blend well with the market; it means nothing would shock you or come as a surprise to you, as long as it involves crypto currency market.

adaptability is great for determining the next decision. I myself still have poor adaptability, because I still often do early selling. not because I'm new to crypto, but with high volatility, I was impressed to lock in my profits, so I wouldn't be exposed to future losses

Gunday_07

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It's not easy but it's not impossible as well, still there will be times when it will be too late because no one can control the market to their own desires, trading will bring loss even if you are a professional, instead of all this i believe the most important part is satisfaction, be satisfied with what you get, you can be adaptive and yet be greedy too

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Quote from: junmisakiro on December 06, 2020, 07:57:26 PM

yes, with adaptation we can find out how things are around and of course will have a lot of experience from this adaptation process, keep learning wherever you are.

Also, adaptability helps you to get used to any market trends, be it the bull market, the bearish market, or the inconclusive ones; If you can blend well with the market; it means nothing would shock you or come as a surprise to you, as long as it involves crypto currency market.

When someone will be able to adapt into the crypto market and he will know everything about crypto market. The old traders in the crypto were able adapting the market and that's why they can at least predict with very high accuracy about where crypto will be going on. I remember that so many people started from the newbies a few years ago when I were joining in this forum
I have also adapted the crypto market too.

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Quote from: Yamifoud on January 23, 2021, 07:19:40 PM

The truth is that how to manage yourself in a situation like this.
Not all had come into crypto investment have this kind of special skills and can read the future trend. But what they are doing is to use their common instinct. Besides, they can learn more with their experience and they can make a better understanding of the market trend.
"Buying at low, sell at high", people can think that was easy. Yes, it was but it happens that we got sometimes in the wrong decision and made us lose.

easy simple trading rule. but when it comes to actual implementation, yes, it is really hard. because at the point where you want to buy or sell, you dont know if it in the low or high point. because the future is yet to be written, so you cant compare the price, right? the past is your reference. so it is more on your instincts that will play on this game. based on your experience and what the market is telling you, you have to make the best guess for yourself.

Yamifoud

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The truth is that how to manage yourself in a situation like this.
Not all had come into crypto investment have this kind of special skills and can read the future trend. But what they are doing is to use their common instinct. Besides, they can learn more with their experience and they can make a better understanding of the market trend.
"Buying at low, sell at high", people can think that was easy. Yes, it was but it happens that we got sometimes in the wrong decision and made us lose.

Shasha80

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I strongly agree that adaptability is an important factor for being successful when investing in cryptocurrency. Especially for newbies, they must
be able to quickly adapt to the crypto world, so that it is easier to capture every crypto-related knowledge that is obtained. The faster investors
adapt to changes in the crypto market that occur very quickly, the investors can quickly make decisions. Because we have started to understand
crypto price movements in the market, if you have successfully adapted to the market.

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Adaptability is a must since many things are unpredictable in the crypto space. I can say that everybody who has bad adaptability, will be difficult to survive in the crypto space. The Crypto market sometimes is full of surprises, it can be in bullish season for several weeks/months. But it can suddenly come back again to the bearish season someday. So, you must have good adaptability and always careful in the crypto space.

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If you are finding a reason or the other to learn adaptation then the recent bull run that spiked bitcoin up to 28000$ is one good reason why you need to adapt. Traders who have failed to adapt have bought the green and re moaning at the moment. Good adaptability skill helps you understand when to hodl or take profits.

Adapt to what? Crypto is volatile, it is highly volatile, and it has always been that way since it first existed. Bitcoin may be experiencing more stability in recent times but still can gain double digit growth in a few hours, is that crazy? It is,,, and how can anyone adapt to it? You just have to accept the cycles happen and accept the risk that comes with that.

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This is not only adaptability as such - it is all the result of accumulated experience and knowledge.
You can be as adaptive as you want and follow the market trend in the right direction, but it would be very nice to also understand such things as: how it all works, why it works like this, what it can lead to, and so on.
What is important is not adaptability as such but the desire to understand what you are using.

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Adapting to market situations is actually very easy, the way you have to learn how to read market trends, market trends have seasons and it always happens when the season arrives, such as the bullish season in 2021, many believe it happened because it is based on the 2017 bullish season.
Just like when the market is being correction, sooner or later the price will break the resistance area, and at that time you can sell your asset.

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

You should learn how to adapt in every changes because it helps you to determine when or where you should invest your money. Adaptability can be an advantage while trading because changes are happening from time to time. Learn to adapt for you to use it as a helpful skill.

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

When it comes to adaptability probably the most important aspect is when to accept that your prediction was wrong and be willing to move on and switch your position, it is not easy after all many people believe in their skills an it can be hard to admit that you were wrong but this is critical as most of the time the big losses in the market occur when a trader cannot simply accept that he made a mistake and that it is necessary to correct it.

justdimin

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Survival of the fittest. You could do whatever you want but as long as you do not improve as a project you are not going to be liked. Same of course goes for the trader, if you are interested in altcoins you need to realize that you could not do something without ever learning constantly, and changing your ways accordingly.

If you start new and always stay the same level you are not going to do anything substantial, even if you eventually do that thing perfectly and get good results, you are not going to keep making that kind of profit forever, you are going to end up losing money eventually because market is ever evolving and it is going to leave you in the dust if you do not adapt to its pace. However a person that constantly finds new things to learn and try out will always be hip with the latest technology and will make the most outcome they can from them.

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Quote from: kpierce77 on December 18, 2020, 02:43:47 PM

Quote from: fileo on December 14, 2020, 01:48:18 AM

I'm not a professional but I do believe pro knows when is the right time and wrong time base on the market crap and the token price graph. So, being newbie in trading cryptocurrency I'm a little bit excited to earn profit even it is not super big. I want to practice myself in this things believing someday will how how to execute the adaptability and buy, sell, hold approach. Practice makes perfect if possible.

very good, if this is a trade problem believe that profit is very much determined by timing and also emotion.

Time, Emotion and also Management. Management is more important than anything, Investors, Holders or Traders must understand Investment or Trading management. If a trader or investor does not understand management well I am sure he will be confused when making a decision.

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Quote from: Cling18 on December 18, 2020, 03:44:15 PM

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It's really important from the beginning that we know how to deal with the changes in the market. We should accept the fact that cryptocurrency is volatile and it's always changing so we should know how to apply at least the basic strategy in trading which is to buy low and to sell high. Controlling our emotions would also be a big help so we could make good decisions in trading.

Yes. Adaptation to the changing market is very much important so you will know when to make an entry or its best exit when you're investing or trading. If you can't adapt, you will find it hard to win your profits. Be more flexible in your decision making because it will help you to easily adjust on the price market that constantly changing.

Cling18

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It's really important from the beginning that we know how to deal with the changes in the market. We should accept the fact that cryptocurrency is volatile and it's always changing so we should know how to apply at least the basic strategy in trading which is to buy low and to sell high. Controlling our emotions would also be a big help so we could make good decisions in trading.

Dragonfund

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

I noticed something strange during my trading days, each pairs on a exchange behave differently because traders have their preference when it comes to trading. For example, Trader prefer to go with BTC/USDT because he prefer to take profits in stable coin to avoid volatility and trader B may prefer anytoken/BTC to take their profits in Btc since Btc always tend to grow at every chance or news.
The strangest one is futures, if one is not familiar or adapt to it operation, I will advise and recommend to completely ignore. Your resistance and support may not work sometimes and you may get liquidated.

When it come to the market, get the basic knowledge, test one and two, do whatever works for you. You will succeed with little failure

kpierce77

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Quote from: fileo on December 14, 2020, 01:48:18 AM

I'm not a professional but I do believe pro knows when is the right time and wrong time base on the market crap and the token price graph. So, being newbie in trading cryptocurrency I'm a little bit excited to earn profit even it is not super big. I want to practice myself in this things believing someday will how how to execute the adaptability and buy, sell, hold approach. Practice makes perfect if possible.

very good, if this is a trade problem believe that profit is very much determined by timing and also emotion. don't let emotions control your greed, and make sure that we can identify the right time to buy or sell. maybe this is not a pro tip either, but never miss an opportunity if you are already profitable

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Quote from: passwordnow on December 04, 2020, 07:34:49 PM

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It is an advantage if you have that character. In this market, you will never know when to sell and when to buy. But being an experienced person, you'll know when to decide. It is not about the best time to buy or sell but it is about how flexible you are in making decisions and how timely it is. Experts also make mistake in selling if they are relying on TAs and we know that sometimes it's not working due to bitcoin's volatility or any altcoin you hold.

To be able to gain that traits, one should be fully knowledgeable of the subject/market and knows well the all around of trading, including chart reading to get hints and possible trend of the market. It is easier said than done. Adaptability in the right time is the hardest skill to master.

Debonaire217

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Change is very constant, so you have to adapt constantly with that changes. This would help you a lot while you are working with cryptocurrency. When you can endure the changes, you are showing your flexebility. Meaning, you have enough knowledge of what you are doing, because you cannot adapt the changes when you cannot understand the situation.

cytpoway121

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Quote from: fileo on December 14, 2020, 01:48:18 AM

I'm not a professional but I do believe pro knows when is the right time and wrong time base on the market crap and the token price graph. So, being newbie in trading cryptocurrency I'm a little bit excited to earn profit even it is not super big. I want to practice myself in this things believing someday will how how to execute the adaptability and buy, sell, hold approach. Practice makes perfect if possible.

I am glad to inform you that you necessarily do not have to be a professional trader before understanding the right and the wrong time to buy. It is not enough to study token price graph; you must be able to interpret the data and pick positives from it too. You first have to understand that you cannot enter every trade. Practice makes perfection if you follow the right and true procedure. DYOR.

darkphoenix2610

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Right, adaptability is very important in crypto world. It helps the traders and investors to predict or know what will be the best move in the market. In crypto everything is volatile so must need to be adaptable in everything so you can go with the flow otherwise you will be left behind or lose everything.

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I'm not a professional but I do believe pro knows when is the right time and wrong time base on the market crap and the token price graph. So, being newbie in trading cryptocurrency I'm a little bit excited to earn profit even it is not super big. I want to practice myself in this things believing someday will how how to execute the adaptability and buy, sell, hold approach. Practice makes perfect if possible.

rencong bitcoin

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Adaptability is an important element for bitcoin traders, so that we are able to predict the price rise and fall, many people experience losses because they are surprised to see price fluctuations in the crypto world and are less adaptable to it.

cytpoway121

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It is very difficult to learn it, friend, if you just talk it's very easy, if you practice it the results will be different again, mentally we will change to not follow theory anymore but ambition. I have experienced it many times, so the point in the world of trading is to hold back ambition and patience.

This is true, no matter how informed an individual can be about crypto currency, unless and until it is out to practice, it cannot be producing results, but some way this also deals with adaptability.

How you translate your skills to practice and take profits i from it literally tells more about how we adapt from theory to practical.

If you can be patient with consistency, you will have fun practicing and trading and taking profits (if you make the right decisions at the proper time)

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

You call this adaptability??
I call this strategies.

Either way, whether it is adaptability or a strategy it needs experience for it to help you become a professional trader. You must know where are the possible support and resistances and you must have strategies or plans into it. Adapting to market situations takes time or depends on the person himself. A newbie though can't adopt that easily that is why they are the ones who incur most losses. Adapting to the market will take time and adjustments especially to your emotions because being emotion here will lead you to nothing.

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

If you are an active trader you need to learn this, if you are a long term holder you can just check the market to see if you are doing fine as a long term holder, learning to do a shift is very important this is how we make profit timing is very important and insight of course and it also depends on what coins you are holding for short term and long term.

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Quote from: plvbob0070 on December 08, 2020, 11:23:02 AM

I think this adaptability is already given to be able to handle different market situations. Understanding and adapting to the market is indeed a fundamental factor that we need to learn here in crypto because of its nature. Though even if you are a professional, you can't always know how will the market move so there is still the risk factor. But as long as you understand and can ride along with it, we can use that as our strength.

Adaptability also mean to be aware of the risk of the investment which we would like to get in. We can measure that risk by using one of five main principle of risk measures, e.g include the alpha, beta, R-squared, standard deviation, and Sharpe ratio. You need to learn how to use that principle but the main problem is accurate data which is needed in the calculation's risk is hard to find in real pratice.
Refference for more information you can find about those principle in HERE

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
~~~~

We'll need this becasue it's crucial for both the newbies and the expert in the industry. There are thousands without the adaptive approach wile there are still much without such approach, these are investors without the technicalities needed for this industry. Man failed to move with the industry becasue they lack the ability of be adaptive. It's very important for every investor to know the right time to buy and to sell at any point in time.

plvbob0070

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I think this adaptability is already given to be able to handle different market situations. Understanding and adapting to the market is indeed a fundamental factor that we need to learn here in crypto because of its nature. Though even if you are a professional, you can't always know how will the market move so there is still the risk factor. But as long as you understand and can ride along with it, we can use that as our strength.

sayaya17

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To adapt in crypto trading, you must often trade crypto on the trading exchange. If one has no trading experience, it is very difficult to adapt. Adaptation is not only in crypto investment, but in the world of office work though, we must be able to adapt. But adaptation for a person varies. Some are fast and some are slow. This is how far you can control the situation. First master all the understanding of the trades and coins that you will choose for the trade.
If the situation is under control, and you can already decide when to sell and when to buy, I am sure this is because you have been trying to learn about trading.

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It was called as 'Anchoring Bias' in psychology trading.

Before we buy a coin we will have a reference price for buying like a psychological price and it is not wrong for us to buy the coin at the price we want.

But the problem will come when the market condition has changed and we haven't changed our point to buy the coin. This is what causes many people or traders who often miss a moment to buy, so they don't get anything even though they have a great opportunity to get profit.

This is why we have to update our analyst as soon as possible if we see the market movement is different from our strategy before. Remember that market is very dynamic and we can't control it, you will be fine if your trading system adapts to market conditions and you have to be prepared for big losses when you try to control the market.

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It would be very helpful in trading if you have good trading knowledge and knows the resistance and support level of the market. Those who learn to adapt themselves according to the market or change strategies when needed are successful traders but my friend it's not as easy as it seems. Sometimes market behaves differently and traps you by the wrong moves so pro traders also make mistakes and the important thing is always to use stop losses to avoid the big loss while trading.

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Adaptability or flexibility to adjust into certain situations and circumstances that is possible to be faced in this world of crypto is really a must have. You must go with the flow to be able to follow through the ups and downs so you can see yourself still getting along a lessening the probability of taking loss. Pushing through against the situation can just get you stuck into a situation wherein you will be hard to exit and just regret doing such. Being able to adapt into sudden changes is really a must have and a great attitude and characteristic we must possess for we are working on a volatile market so we need to adjust ourselves if we wanted to survive working with it.

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Quote from: passwordnow on December 04, 2020, 07:34:49 PM

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It is an advantage if you have that character. In this market, you will never know when to sell and when to buy. But being an experienced person, you'll know when to decide. It is not about the best time to buy or sell but it is about how flexible you are in making decisions and how timely it is. Experts also make mistake in selling if they are relying on TAs and we know that sometimes it's not working due to bitcoin's volatility or any altcoin you hold.

Exactly, there is no guarantee when it comes to investments. There is no unique strategy to trade with profits 100% of the time, not even 90%.

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Quote from: Dr.Osh on December 07, 2020, 04:09:46 AM

in any field, adaptation is needed. however, we know that without adapting, we won't know how the chart moves, or how to choose an investment place. besides, this adaptation must be emphasized, because even current scammers can become smarter than investors. lest we choose the wrong asset to hold.

adaption will create high demand on project and it makes chart moved by its demand. scammers or fake developers will care about this adaption , they just create useless token and take it on shit exchanges so looks like its not scam project. without ecosystem that will accept their token or coin , any project will be useless ,token have no function at all and we just bought blank paper.

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Yes it's a natural quality of the human being but due to our ambitions and desires we are blind and determined in a line of reasoning and we are unable to make essential decisions. In relation to crypto, this is no different, the market changes all the time and if there is no adaptation and seeking new knowledge, bankruptcy is what you expect.

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in any field, adaptation is needed. however, we know that without adapting, we won't know how the chart moves, or how to choose an investment place. besides, this adaptation must be emphasized, because even current scammers can become smarter than investors. lest we choose the wrong asset to hold.

Cameron1Love

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

We can't predict the market situation if what will happen, We have different strategy about trading. For me if we wanted to be success on trading better to spend more time and effort, I'm doing watching the market 24hrs but only to monitor the situation not to trade immediately because all we need here is discipline if we don't have this we can't earn profit. And greedy mode it depends on the market situation so just watch carefully.

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yes, with adaptation we can find out how things are around and of course will have a lot of experience from this adaptation process, keep learning wherever you are.

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Quote from: aysha9853 on December 05, 2020, 08:59:47 PM

analysis is very important not only adaptation but the possibility of the market is unpredictable many predict bitcoin to $20K December 2020 but the possibility has not happened until now, because the trading volume is always changing every second

You are right, this is the most important thing to do, we should analyze every situations so that we can monitor the chart closely and we can manage our losses if there will be some dip, which is unavoidable. This is a long journey before we can analyze it, but I think even some professionals can make a mistake or slightly mistake analyzing the market trends sometimes. We should know the progress of each coin as well, so we can adapt everything that is going to be change in the chart.

electronicash

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the risk is in both ways so whichever way you decide, be prepared. it takes time to really learn these skills and this also means that you get to lose money while learning. if you don't wanna lose a lot of money while taking the risk, just hodl. its the traders that build their career for the longest time that will really survive well in the harsh crypto market. if you can adapt well then good for you.

Jating

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

Of course, not just in crypto market, in life, one should adapt to its environment otherwise you will not survived. And it crypto, this market is very volatile that no single strategy are going to work in the long run. So as traders and investors, you will have to stay up to date with your strategy as well.

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

But it takes time and experience to learn to be adaptable in this market. In the beginning, you might loss some money but gain exposure and experience that will serve you better in the future. So we should learn from our past mistakes, not to repeat it and be a good and successful trader in the future.

Bananington

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Very good, this is all about price action trading and that's what I've mastered which works well for me most times. I strongly agree that adapting to various market situations is important, knowing when to buy (especially when candlesticks bounce off from support after retest or breakout from resistance) and knowing when to sell (especially when it fails to break strong resistance and forms bearish candlestick patterns in confluence with other signals). If you always sit back and complain about dips, without mastering and adapting to market situations, you can't excel as a crypto trader.

Chuky92

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

You are right though, but yet everyone seems to have their trading strategy which works for them. Also, I see it fit for someone to first and foremost learn about crypto trading, get the neccessary information and knowledge before venturing into trading. The reason I pointed this out is, most people just jump into trading because of what they heard or because of what they see their friends earn, some even go as far as joining trading groups just to get signals and so on. Hence the reason your point is good, but however getting the right knowledge first is also very important, because in the process of doing so, they will learn more.

cytpoway121

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Quote from: Fesatmas on December 06, 2020, 02:17:21 PM

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Indeed, Adaptation is very important to determine the direction of our development in reading the market situation.

To be honest, it was really hard to control until now.
sometimes even market analysts feel overwhelmed when deciding when to buy and when to sell.
Predictions are for illustration only, the rest is up to you to decide. because market movements are not easy to predict. be it bitcoin or altcoin, everything is always moving to avoid the predictions of many people.

I do not agree that predictions are for illustration alone. The illustration is all that decides how you react or adapt to the market. I think your interpretation of the market illustration will determine your next action on the market. and it has to be fast, quick and precise most times if you are to take profit.

coinporch

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Dolphins Finance TRUSTED FINANCE

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

indeed, we must know what we should do, if our predictions wrong, wich mean we should cut our losses short, then buy back again in the deeper price or other support zone my friend, because know how to identify the support and resistance area is very important for all trader

optimisticcm

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Yes, that is how active and keen traders multiply there holdings by selling high and buying low but only active traders can do that and most people here work only for part time so mistly they like to hold only because they have either full day job or business and cannot stay connected with the market always.

krisnajsadrak

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

thats right, we must learn about support and resistance level first before we trade my friend
because if we know about that, i believe we will knew how to trade properly, wich mean we can buy or sell in the right zone

ekeh

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Every thing in life a time per session, for example bitcoin current price is not the same prize like Five months ago, which every one has to adopt the current price of bitcoin, like wise bitcoin traders and investors need to accept the the current price, which is already stated as adaptability is very important in any business you're doing.

Fesatmas

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Indeed, Adaptation is very important to determine the direction of our development in reading the market situation.

To be honest, it was really hard to control until now.
sometimes even market analysts feel overwhelmed when deciding when to buy and when to sell.
Predictions are for illustration only, the rest is up to you to decide. because market movements are not easy to predict. be it bitcoin or altcoin, everything is always moving to avoid the predictions of many people.

Banulit

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

I think that this is absolutely true aside from being risk taker, a crypto enthusiasts no matter if he is just a newbie or a professional on this field still need to have an adaptability as its fundamental attribute in order to survive in every uncertain situations happening in the market.

fridrix21

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I agree that it is very important for a trader to be able to tailor himself to the situation in time, to change the strategy when it is needed and in general to be constantly ready for market changes.

jahepahit

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In addition, adaptability is the skill to cope in every market conditions, make profit during the bull, during the dip. This is a rare skill among traders. But everyone needs to hone this to be more successful.

aysha9853

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analysis is very important not only adaptation but the possibility of the market is unpredictable many predict bitcoin to $20K December 2020 but the possibility has not happened until now, because the trading volume is always changing every second

EmmaGod

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The journey towards becoming a cryptocurrency trader requires a great deal of effort and experience. Its possible to make countless losses before gaining the required experience and expertise. The best place to sell is the point of resistance, but the skill of determination is both instinctive and difficult to determine.

Pasnik

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Adaptability is important special now that all the things is change like technology and others. In crypto we need more ideas to adapted because it s good to have knowledge what we doing. We not just earned but we learned also.

hd49728

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Not your keys, not your coins!

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It is not adaptability. I consider it as a flexible trading strategy. You have to know that supports and resistances are temporary only. They don't exist forever and their existence will be decided in a window. The window will be rolled up or down when time passes and the market moves.

Supports and resistances can flip at cross points at such you have to be very flexible with your orders. You have to cut losses or take a draw or take a very minor profit to exit the market or simply to close your oders. After that, wait for other entries.

Bitcoin Support and Resistance for dummies
[Tutorial] Golden cross VS death cross

maximumcoin

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

In term of theory is right, "sell at resistance" and "buy at supportance" but not be easy to determine what resistance and what supportance is important, not wherever price will also react when reach "resistance" and "supportance". So in my point, adaptability will come when we have experience enough long with market.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It is an advantage if you have that character. In this market, you will never know when to sell and when to buy. But being an experienced person, you'll know when to decide. It is not about the best time to buy or sell but it is about how flexible you are in making decisions and how timely it is. Experts also make mistake in selling if they are relying on TAs and we know that sometimes it's not working due to bitcoin's volatility or any altcoin you hold.

cytpoway121

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Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Topic: Adaptability is very important (Read 825 times)