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Topic: An advice for newbies and plebs - page 10. (Read 1617 times)

legendary
Activity: 1624
Merit: 1200
Gamble responsibly
March 06, 2022, 03:55:35 AM
#7
Do you have any calculations or graphic analyzes that prove what you are trying to say here? I don't know, but many are still optimistic about 100K USD before the end of this year, and given the current situation, we still have promises of good volatility.
I do not think bitcoin can rise to $10000 before 2024. What I think can cause this is next halving fomo. If it happens like that, then history still repeats itself.

So far we have not seen a correction of 80% and therefore it is difficult to rely on historical data.
Yes, the market is still having around 24% correction, there should still be more.

Day traders can make money too especially the swing traders who wait for the right time and execute their trades because market is swinging at particular price range so if you simply hold until the price dip or bump means you are wasting the time from a traders point of view.

Also Bitcoin is gaining more popularity due to the war situations which already made people to dump their money into something decentralized.
Day trading and swing trading are different but I understand what you are trying to say but we should make new traders to be clear of what we are saying for them not to make mistake.

Ukraine bought bitcoin, the price increased. Ukriane wants exchanges to freeze Russian accounts, bitcoin price decrease a little as some Russians sold their coins.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
March 06, 2022, 02:55:39 AM
#6
Past performance is not indicative of future results. You know why we didn't have a similar blow-off top as what we've had in the past cycles? Because if everyone expects the same thing to happen — most of the time, it doesn't; and here we are again with most people expecting full-on bear like what we've had in the past. While I'm not saying that it's not going to happen(because it's VERY possible), people are talking as if the market was guaranteed to act the same way.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 06, 2022, 02:46:03 AM
#5
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
Day traders can make money too especially the swing traders who wait for the right time and execute their trades because market is swinging at particular price range so if you simply hold until the price dip or bump means you are wasting the time from a traders point of view.

Also Bitcoin is gaining more popularity due to the war situations which already made people to dump their money into something decentralized.
legendary
Activity: 2702
Merit: 4002
March 05, 2022, 08:18:26 AM
#4
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
Do you have any calculations or graphic analyzes that prove what you are trying to say here? I don't know, but many are still optimistic about 100K USD before the end of this year, and given the current situation, we still have promises of good volatility.

Personally, I see the best opportunity to buy when no one wants to invest, fear prevails, and everyone starts to worry about the price, then it will be a perfect opportunity to buy and sell.

So far we have not seen a correction of 80% and therefore it is difficult to rely on historical data.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
March 05, 2022, 06:46:58 AM
#3
You are very right, but this period can be an advantage for swing traders. For illustration, using 1x leverage to open a position, waiting for dip and when bitcoin price increase.

For example, waiting for $30000 dip and buy for swing trading, but some swing traders can try $35000.

At $35000
Using 1x leverage
No borrowing
Long position liquidation at a price bitcoin price will far not decrease below
Short position liquidation at $70000

Swing traders still always have tendency to make profit because bitcoin will increase and decrease to predicted price but which can take days to weeks.

Short position will be better at $45000. But this can change depending on the market.

Your advice is very good also, buying when bitcoin want to halve will make bitcoin and many coins in the market to increase in price.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
March 05, 2022, 06:38:55 AM
#2
You have a point if we base on the bull-bear cycle of Bitcoin since they day 1 of trading. The current scenario was same during 2017 when ICO hype the crypto market the only difference was this institutional Investors already enter right now that create a huge support on the price. IMHO, They are responsible for the current pump and dump price manipulation and benefiting on the short gain on there swing trade.

Many newbie got wreck on the current unpredictable market so your advice is well appreciated.
legendary
Activity: 2898
Merit: 1823
March 05, 2022, 06:32:10 AM
#1
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
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