An advice for newbies and plebs - page 9.

TheUltraElite

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So anyway, I applied as a merit source :)

I have observed that going at long ranges keeps one safe and profitable. Like if I bought at 35k and sold at 45k, I am at profit, but did this thought come to every other trader out there? Maybe no. Otherwise everyone would be profiting and we would not see threads that say the same.

Instead of this safer and profitable method, some users have to go with day-trading. They can put off the risk and want to rather bask in the risk. These people will get burnt and they will not change even after reading this thread. In fact, it is good that they dont change so the ones who can get profit can get it easily and keep quiet while they go on raging on exchange trollboxes Grin

Those who have nerves of steel will always survive, making profit from trading is not for the other group.

justdimin

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Quote from: Wind_FURY on March 07, 2022, 05:22:20 AM

I don't have any "expert" calculations, and "expert" graphic analysis to prove anything. I merely have a pleb's guess based on Bitcoin's market cycles from 2012, which I believe are the same as the "expert" calculations made by the "expert analysts"in the forum.

Because, there is no expert that could predict these things with precision. I mean it is quite understandable to expect what you are expecting because that is how it has been in cycles. Could it break that cycle and suddenly be 150k this year, 30k next year and 250k the year after that instead of yours? Why not? There is no technically impossible way for it, it is always possible.

However, if people are expecting what it has done so far to repeat again, then that is exactly what you suggested and it should not be that weird. I personally like to do what you do, and wait for a longer term as well which allows me to gather as much crypto as I can before the increase.

Sterbens

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Duelbits.com

Or maybe you can always provide 2 asset options in stable coins and in crypto (if it is already bought at the highest price). Usually beginners are prone to entering when the hype is rising and then being carried away by the current so that they don't pay attention to prices that don't come back. First, let the assets that have been purchased and have not had time to CL, then the second thing is to provide stable coins to take part when the market has really corrected itself.

TheGreatPython

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Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

I just wanted to start from 2021,

2021 - It was not a stronger bullish year as expected like 2017 or 2013 hence we need to change our view on upcoming years.

2022- Might be a bearish year only if we would have had stronger bullish in 2021. We had moderate bulls in 2021 hence 2022 might be having a sideways market or continuation of bullish trend from 2021.

2023 - Will be based on 2022. Can be bearish if we have a new ATH in 2022. Otherwise sideways market possible.

2024 - Another halving year. Hence, sideways to moderate bullish toward the ATH of 2021 (or 2022).

2025 - Another highly expected year with full of bullish (if we get $100 in 2022, then 2025 will be the year of hitting $1M levels).

Ziskinberg

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Quote from: crwth on March 07, 2022, 03:30:33 AM

Imagine if you were in 2017 now, where it was $3k to $20k in BTC price. If you knew that the price of BTC would exceed that, meaning it would reach the current price now, $39k~$42k, wouldn't you want to buy more? The best way is to accumulate more and more BTC regardless of price. This only works if you believe with BTC or whatever asset you will HODL.

That is very unfortunate that we never know and this implies no one who invests in Bitcoin and holds it forever because of thinking it reach $$$ like to say $100k. And this is the reason why every time the market went down, they are selling off, not even to think about buying.

Quote

No one knows what would happen, but it's better to believe in one thing than nothing.

Maybe it was because we realize that Bitcoin will grow and have a brighter future. People have been encouraged to hold for we think about a huge profit in the future.

Wind_FURY

legendary

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Quote from: hugeblack on March 05, 2022, 08:18:26 AM

Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

[n]Do you have any calculations or graphic analyzes that prove what you are trying to say here[/b]? 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.

No I don't have any "expert" calculations, and "expert" graphic analysis to prove anything. I merely have a pleb's guess based on Bitcoin's market cycles from 2012, which I believe are the same as the "expert" calculations made by the "expert analysts"in the forum.

Etranger

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Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

I think it all depends on which strategy is best for a particular person. Your option is more like investing than trading. I agree that it is often more profitable, but this can only be found out after a fairly long period of time. Whereas trading, even in the medium term, within weeks or months, yields faster results (of course, the risks also increase). Therefore, for many people, this option is a more "visual" proof that their method works and gives a faster result.

crwth

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https://linktr.ee/crwthopia

Imagine if you were in 2017 now, where it was $3k to $20k in BTC price. If you knew that the price of BTC would exceed that, meaning it would reach the current price now, $39k~$42k, wouldn't you want to buy more? The best way is to accumulate more and more BTC regardless of price. This only works if you believe with BTC or whatever asset you will HODL.

No one knows what would happen, but it's better to believe in one thing than nothing.

tranthidung

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Farewell o_e_l_e_o

Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

Your topic and advice are simple but in reality, it is not easy to practice for many people.

Market has ups and downs daily, weekly, bull and bear periods monthly or yearly but in general, Bitcoin is a gift for all of us because of its manificient designs and technology. Satoshi Nakamoto created it and allow all of us to get Bitcoin as a biggest gift ever in history.

Question and challenge for each of us is: whether we are able to accept Bitcoin; actually step in and invest in Bitcoin; able to have diamond hands and enough patience, determination to hold it for several years. I present it in ordinal steps which are important to decide who we are in Bitcoin market and whether we are able to earn profit in this market, with Bitcoin or not.

Taskford

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Quote from: palle11 on March 06, 2022, 05:07:54 PM

Quote from: boyptc on March 06, 2022, 04:49:52 PM

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits it again.

This year and 2023 don't look like bear is taking over. This year with what is happening with news about making bitcoin as legal in some countries, it is seem that if bitcoin is acceptable to the level of legal status, then many investors will buy and bitcoin will increase. The halving is also getting approaching by next year, the volatility will increase and the price may go more highs. Buying now maybe a good buy Grin

It looks like a bear but if we look at it this is short term only not the same like past years which heavy correction happens since now many legal matters happen and more institutional investor are now pouring money unto bitcoins so its good for majority to not get panic on some situation especially by now where war happens and it affect the global economy.

For newbie they should learn almost the basic and let those learnings sink on their minds because all what they go thru may be the learning experience to them.

palle11

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Quote from: boyptc on March 06, 2022, 04:49:52 PM

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits it again.

This year and 2023 don't look like bear is taking over. This year with what is happening with news about making bitcoin as legal in some countries, it is seem that if bitcoin is acceptable to the level of legal status, then many investors will buy and bitcoin will increase. The halving is also getting approaching by next year, the volatility will increase and the price may go more highs. Buying now maybe a good buy Grin

boyptc

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Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

I have read an analysis that tells the same thing about 2023. Well, that guy is really a good trader and investor as he's always accurate and winning with his leverages.

That's what I'm waiting for to come, 2023.

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits it again.

pawanjain

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Nothing lasts forever

Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

We never know what 2022 really holds for us. Although the current situation does point us in the direction of a bear market.
But it can still reverse and take us to a new joy ride of a bull market by the end of the year.
But yeah, saving capital, as you say, should be the highest priority of most of the traders in the current highly volatile market.
We are seeing swings of more than $5000-$7000 every week now. There are people who are gaining from the volatility but there might be many taking losses.
So it's better not to trade and save your capital instead of losing it to the volatilty.

goaldigger

sr. member

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Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

More likely a FUD to me and not a good trading advice especially for a newbies.

It's better to encourage newbies to study more about trading and learn how they can make money despite of the market trend since there are still money on a bear market, which actually prefer by many traders because this is where the price becomes more active.

2022 - Learn more about trading, monitor the market
2023 - Apply your learnings, accept every failure and do better next time
2024 - You are now a good trader because of those sacrifices you've made in the past two years.

This should be the gaol and a way better for me.

palle11

sr. member

Activity: 2366

Merit: 332

In the midst of death there is life. I hear this times when people say it and about trading, even when it is bear some traders still place a buy order and get profit from it. Bear times doesn't mean every trader should go off the market, of course trading should not be in just one straight line but up and when it should come down is to sell. Trading and hodling don't follow same way.

Wexnident

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I don't request loans~

Well, they're all "might" be opportunities, no one can really know so really, go invest on what you think is the best, and probably if you're a panicky type of person, just stop looking at it and let it sit for a few years. Most investors fail and pull out at a loss since they're afraid of losing "more", but the point is you already are supposed to have lost whatever you've invested in the first place. Always take time as a factor when investing, it's one thing that keeps most investors away but also the one thing that could help investors profit imo.

Scripture

full member

Activity: 1303

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In short there's no assurance for the next trend, and seriously you can't stop them from trading because the market will not move if there are no traders.

Whales can easily manipulate the market, so these assumption might not happen at all. I'm still Bullish with Bitcoin for this year though of course buying at the dip price is not bad at all, I just don't see the reason why there's a need to stop trading for now. There's always a good money on this market, better to learn more about trading and you'll surely make money regardless of the price trend.

Oilacris

hero member

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Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

Not that really ideal nor be that effective.If you do wait for some re-entry then when it would be? You would really be missing out lots of chances if you are really that making yourself paranoid for

perfect entry but it isnt really that surprising that investors are becoming even more wiser when you are really getting that experience but for those who are just starting up then it would be no surprise

that they would really be reading up other peoples experience thats why their behavior do really changes too nowadays.There might be still some noobs who do make out rush decisions
or being too careless but it would really be just less compared on last years or in the past.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: Wind_FURY on March 05, 2022, 06:32:10 AM

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.

actually its a good idea to save money for the next bull market rather than day trading because it quite risky..

But the fact that there still an opportunity even market is on downtrend, so surely no one can stop them to day trade because it's always a good idea for them in order to make quick profits no matter what is the situation of the market.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

*might*

For me, if you are a responsible and well-knowledge trader even what is the condition of the market (bear market or bull market) you can still earn profits.
For example, doing futures trading because as you know, we can short the market or make profits even price is dumping. I know some people who makes lot of money even bear market.

Topic: An advice for newbies and plebs - page 9. (Read 1617 times)