If you are newbie to investing bitcoin and then I'll say welcome to a lucky place of an investment. I say it just because we never know bitcoin will come to up and we never know also bitcoin price will come to down. Especially when its price has been up and suddenly its price falling down again and that all thing has always happened in bitcoin price.
But, I got knowledge from some users on this forum, when bitcoin price up you must be a trader but when its price goes down you must be a hodler if late to sell my bitcoin when its price has been down. I must be a trader because with I look at the candle pattern I will know the manipulation candle and the candle that changing by a trader. With the result that, I can eschew the manipulation when I see the candle so as I shunt from a losing.
Topic: after only a few days the bitcoin has gone up, but now it's starting to fall aga - page 5. (Read 10351 times)
May 18, 2019, 02:44:49 AM
May 18, 2019, 02:39:08 AM
we will follow your thinking and we will all stop buying bitcoin and we will stop selling bitcoins, how do you think the market would look? the market would stop. there will always be someone who is keen to buy and there will always be someone who is keen to sell. You can see this in real life.
The decision would only rely on our hands.
We can sell or buy no matter what the market situation is but the best thing to do is to handle our emotions well. Most people who have accumulated bitcoin will surely sell their coins because they're afraid of the possible downfall of the market again but if we're a crypto enthusiast, panicking has no place for us.
May 18, 2019, 02:25:38 AM
I buy and sell bitcoin in a quick successions. I am speculator and that is how most of my friends and group members make their money. Since the market can suddenly just push up and begin to correct in quick succession, then riding the tides is sometimes good for a speculator, BTC/Fiat. If no traders or speculators, how do we get the volatility to make people shout for joy?
May 18, 2019, 02:20:53 AM
Too fast to conclude that, the price of bitcoin only dropped a few percents and I think it's only a price correction and that doesn't indicate if bitcoin will return to the bear market.
And then again it will try to move up, this cycle should be learned and every investors who's already engaged are well aware that corrections will happen, as there's early investors who will going to cashout seeing that the value already reached their targets, if you wanted to succeed from this industry you need to workout with your understanding, so can anticipate according to how you react in every trends that will showing inside. May 18, 2019, 02:16:57 AM
It is necessary to closely monitor the level of 6600-6800. It seems to me that if Bitcoin can stay at this level, it will definitely be a bullish signal and we just see a correction that will be bought out soon and we will start to grow again. Now it is clear that the falls are paying off and this is a very positive signal for all of us. It is difficult to imagine what will happen next if the market begins to fall again. Many have already believed that the bull market is back and optimistic about the future, and I am one of them.
May 18, 2019, 02:07:53 AM
Just relax I think it is just correction ,We could see that it is now growing up again.
We should really expect this kind of things in crypto when the price pump the people would take their profit and it would make the market fall down again,
But now it is going up again so there is no need to panic.
We should really expect this kind of things in crypto when the price pump the people would take their profit and it would make the market fall down again,
But now it is going up again so there is no need to panic.
May 18, 2019, 02:01:24 AM
Too fast to conclude that, the price of bitcoin only dropped a few percents and I think it's only a price correction and that doesn't indicate if bitcoin will return to the bear market.
You are right it too early to start complaining about the price and I believe we are just correction stage which will not last long, bitcoin is gradually recovering at this moment and that is a great movement for the bull to continue running. Am very hopeful that in the next few days ahead the market will be in great shape again. 
May 18, 2019, 01:58:50 AM
It is a natural price reduction after strong aggressive growth. Bitcoin turned out to be overbought and then a value correction occurred. The usual thing with any traded asset on any exchange. If you study the charts of any stock with rapid aggressive growth, then this situation can be seen often.
Exactly, you are right we have to face the corrections because once the price of Bitcoin increase too much fast and high value and in the same way, the price of Bitcoin will fall and we need to accept it. As a trader, we have to accept both the upwards trend and downward trend in order to wait again the price starts increasing.
May 18, 2019, 01:56:12 AM
Too fast to conclude that, the price of bitcoin only dropped a few percents and I think it's only a price correction and that doesn't indicate if bitcoin will return to the bear market.
May 18, 2019, 01:26:32 AM
It is a natural price reduction after strong aggressive growth. Bitcoin turned out to be overbought and then a value correction occurred. The usual thing with any traded asset on any exchange. If you study the charts of any stock with rapid aggressive growth, then this situation can be seen often.
May 17, 2019, 11:34:29 PM
well you have to learn the difference between a pump, rise, rally/bull run, moon/bubble, spike, fomo and dump, dip, correction, crash. these may look the same but they are very different. so when you say "it is starting to fall again" it means you don't know this difference (you are not alone though). this is a fall but it is only a correction. look at the past couple of weeks. price has gone up from $3k range to $8k range and now it is coming down from that $8k to $7k. that is called a correction.
of course in bitcoin market when such a drop happens, many start panicking and manipulation is always present so it sometimes gets bigger than usual meaning a $1000 drop (12%) instead of a simple correction of 5%
of course in bitcoin market when such a drop happens, many start panicking and manipulation is always present so it sometimes gets bigger than usual meaning a $1000 drop (12%) instead of a simple correction of 5%
May 17, 2019, 03:51:34 PM
whether someone will panic again and sell their bitcoin that they just bought a few days ago when going price up and now the bitcoin seems to have started lowering the price again, I hope it won't do it, because the market can suddenly rise and fall very quickly , so we must be calm and not be too hasty in buying or selling when the market moves up and lowers prices.
No, it was because of the bull thinking, they made the price went up too fast and its now its correcting. This might not be the end of it thought.
My only complain is that, once again transaction fees have gone thru the roof. More Lightning Network is needed...
Of course miners will rejoice with the fat bonuses.
May 17, 2019, 03:49:49 PM
This is completely normal, I posted about this on another topic on Speculation section
I used to buy and sell a lot of times during the week, and i used to look for the prices every hour, but it was stressful
Now I have my strategy and I'm in peace
Only day trader person have to worry about price fluctuations
I used to buy and sell a lot of times during the week, and i used to look for the prices every hour, but it was stressful
Now I have my strategy and I'm in peace
Only day trader person have to worry about price fluctuations
May 17, 2019, 03:48:34 PM
This situation has gave a learning for them that to buy bitcoin depend on hype, I mean most people though that to buy bitcoin when its price got pumped is the best time to buy because they will get an instant profit from the increasing price. But, sometimes and most likely always happened in the market bitcoin before that when the price comes then there must be a correction. And this is happening now, when the price bitcoin continue to increase when its price from $4000 and just in a few days its price touch $8200. So as there are many people who has cheated from the current situation. For this year the best time to buy bitcoin is when its price is $3200 and I guess this is what distinguishes between old players and new players.
May 17, 2019, 03:39:53 PM
Yes and that's what we really have to do. But it is very difficult to deny that there are still many people who cannot control their panic and choose to sell at a loss.
May 17, 2019, 03:31:59 PM
Bitcoin price has drop again,but I'm not surprised because that is the dynamics in Crypto and market as well, there are so many factors to this of which I want to say that bitcoin holders should learn to control their emotions.
May 17, 2019, 03:30:36 PM
i think the most people are the once that buyed in on around 5000$ and now we reached 8000$ so they can sell with profit 
Most people buy Bitcoin as an investment !
regards
Most people buy Bitcoin as an investment !
regards
May 17, 2019, 03:06:13 PM
it really goes to show you how thin this market really is. someone dropped 6-7k BTC onto bitstamps order book and BOOM, the market is down 20% in the blink of an eye.
this is why it's good to be patient with bitcoin entries rather than fomo buying. bitcoin's lack of liquidity basically provides built-in volatility. the market provides lots of second chances to patient buyers. i had a couple bids hit in last night's carnage, no complaints here!
this is why it's good to be patient with bitcoin entries rather than fomo buying. bitcoin's lack of liquidity basically provides built-in volatility. the market provides lots of second chances to patient buyers. i had a couple bids hit in last night's carnage, no complaints here!
May 17, 2019, 03:02:15 PM
This is just a normal price movement of bitcoin and nothing is change it is the same as what happens past years ago before the price hit $19k.
I think there are many holders who bought bitcoin at the price of around $3k and sold just now. So that he won't lose the opportunity of making a profit while the price is increasing.
Example: I bought 2 BTC at $3200 price Last January now I sold it at $8,000 how much profit do I make?
I made $16000 and my profit is $9600 which is big.
Now, the price is around $7k I can reinvest and buy bitcoin again at the current price to hold again for the next bull run.
So bitcoin is not always increasing there are times that the price will drop because there are holders already made a profit and they don't want to lose the opportunity while the price is increasing.
I think there are many holders who bought bitcoin at the price of around $3k and sold just now. So that he won't lose the opportunity of making a profit while the price is increasing.
Example: I bought 2 BTC at $3200 price Last January now I sold it at $8,000 how much profit do I make?
I made $16000 and my profit is $9600 which is big.
Now, the price is around $7k I can reinvest and buy bitcoin again at the current price to hold again for the next bull run.
So bitcoin is not always increasing there are times that the price will drop because there are holders already made a profit and they don't want to lose the opportunity while the price is increasing.
May 17, 2019, 02:56:50 PM
Someone must have pushed the panic button for the whales as it seems that there had been thousands upon thousands of bitcoins offloaded earlier today. Also, some people already panicked in line with that dump resulting for the price to touch sub-$7000 briefly. Anyways, some correction is still good in order to guarantee that the next pushes is already in good shape and no sudden drops in price would be seen. One way or another, correction and dumps are going to happen, too, so this is all good IMO.
Jump to: