I agree with the bitcoin movement that looks good, this is a sign we will soon enter the next bitcoin bull market. Although that means positive,
but we all must remain cautious, because investing in bitcoin is still very risky. Always use capital that does not matter if lost and also do regular
analysis, so if a sudden bitcoin movement change we can anticipate immediately.
Topic: an important reminder: don't get killed in this bull run and protect yourself. - page 2. (Read 1422 times)
June 02, 2020, 05:51:10 PM
June 02, 2020, 05:46:02 PM
I think this implies to all the market in the world be it Fiat market,crypto or any other global market.The markets are volatile and sectors are uncertain. Any news or information from unknown sources must be avoided and one thing which I believe is everyone who are investing must have a stoploss and stopprofit in their mind.
That's right. But it becomes more risky when dealing with cryptos in general and bitcoin in specific (btc price for alts is like dollar price of any item) and this is why this kind of rising flags about not to invest blindly is good. We faced this boom back in 2017 and i remember how many investors lost a great part of their investments just after the btc dropped below 20.000.I would advice anybody to not use your necessary money to invest in such a big volatile thing like btc and not invest more than you can lose. Like Gambling
June 02, 2020, 05:08:47 PM
It is so great to see that we are moving back beyond $10k but it gives me a big surprise when seeing it back the market price turns down below $10k again ($9.5k at this moment). I was really thinking that this is a start for the most awaited moment but somehow I'd become disappointed as the trend drops again. The market is totally emphasizing that we can predict the market and felt that manipulation still around us and not even knowing when it strikes us.
But I'm still positive to see it back in the rally again. Since we reach back to $10k, I believe it was pretty easy to hit it back after this dump.
But I'm still positive to see it back in the rally again. Since we reach back to $10k, I believe it was pretty easy to hit it back after this dump.
June 02, 2020, 04:07:11 PM
I don't know why people usually get so excited about this, knowing that the price can fall back at any time. And that's what just happened. I checked my Blockchain wallet last night and I saw the price moved to $10,000. I took it as a normal thing because I knew that anything could happen.
I am not really fond of checking the price of Bitcoin all the time, I just invest and leave the money there to grow no matter how long it takes. I know there will be a bull run, but I don't know when it's going to be. That's why I invested earlier and I am holding my coins till now.
I am not really fond of checking the price of Bitcoin all the time, I just invest and leave the money there to grow no matter how long it takes. I know there will be a bull run, but I don't know when it's going to be. That's why I invested earlier and I am holding my coins till now.
As a holder then you will surely have that impression and things in mind but for those people who do invest or trade on seeking up for short term profits then these kind of movements does really matter much thats why you cant really blame out most people to react when movements like these do happen.For those people who believe when the price is tanking between 9200-9500
and secure out their position then they definitely made up some bucks on that sudden price rise.Profitability will always depend on someones capability on how to take action on
possible situation that might happen in crypto market.
June 02, 2020, 04:00:40 PM
I don't know why people usually get so excited about this, knowing that the price can fall back at any time. And that's what just happened. I checked my Blockchain wallet last night and I saw the price moved to $10,000. I took it as a normal thing because I knew that anything could happen.
I am not really fond of checking the price of Bitcoin all the time, I just invest and leave the money there to grow no matter how long it takes. I know there will be a bull run, but I don't know when it's going to be. That's why I invested earlier and I am holding my coins till now.
I am not really fond of checking the price of Bitcoin all the time, I just invest and leave the money there to grow no matter how long it takes. I know there will be a bull run, but I don't know when it's going to be. That's why I invested earlier and I am holding my coins till now.
June 02, 2020, 02:46:15 PM
Nobody's gonna get killed but yeah, it's true that for every winning trader, there remains a lot of losing traders as well. I don't follow anybody on Twitter anymore and would advice all of you not to follow any advice you get on Twitter, just take it as an information and move on. I said it because I've lost enough in my old days when I started following some crypto related accounts and they were all just making money on us and nothing. I think that after the dump, BTC is back again under that resistance level and will remain stable for few more days.
June 02, 2020, 02:35:11 PM
Sadly in no matter of time the prices went down nearly $700 and now again sitting at the $9500 region.I stopped checking the price, I didn't even notice the price hit 10K util it drops down. 
June 02, 2020, 02:25:57 PM
Quote
So, I think the main advice here would be: Buy only with money you can live without for 4 years, and you'll be okay, most likely.
I agree with your suggestion mate.
June 02, 2020, 01:53:21 PM
I think this implies to all the market in the world be it Fiat market,crypto or any other global market.The markets are volatile and sectors are uncertain. Any news or information from unknown sources must be avoided and one thing which I believe is everyone who are investing must have a stoploss and stopprofit in their mind.As due to this pandemic situation there are ample of opportunity for the investors and very less scope for mistake.
June 02, 2020, 01:14:51 PM
Volume is still really low, and the close is not really perfect either. I'd swap my coins for stable coins for a while, at least until we get a clear single candle breaking the trend line.
A part of me believes that this is a fake-out but of course, I'd be more than happy if I'm wrong.
A part of me believes that this is a fake-out but of course, I'd be more than happy if I'm wrong.
Some analyst from trading view thinks that this is just a fake out, though I hope it was not. Care to see his analysis titled: XBTUSD 8h: FAKE triangle breakout, then DUMP(NEW)
Source: https://www.tradingview.com/chart/XBTUSD/EZX2Toxr-XBTUSD-8h-FAKE-triangle-breakout-then-DUMP-NEW/
So better to be more vigilant and set up stop loss so if ever this happens at least the loss will be minimal.
June 02, 2020, 12:05:38 PM
It might appear as a bull run but for me, I still can't consider as one because nowadays where the economy has started to rise again, businesses open up and people are going back to work now, then I think it has something to do with the uptrend that we can see on the stock market because people started to earn and invest again.
I must agree on your reminders because changes happen and we all know that it is sudden, anytime it might go down again which we all hope not. In the meantime I will just sit back, relax, and watch the changes on the graph before I start trading if I think it is already in favor of me.
I know after this there is what they called "correction of the price", that usually happy if there is a sudden pump up of price.
I must agree on your reminders because changes happen and we all know that it is sudden, anytime it might go down again which we all hope not. In the meantime I will just sit back, relax, and watch the changes on the graph before I start trading if I think it is already in favor of me.
I know after this there is what they called "correction of the price", that usually happy if there is a sudden pump up of price.
June 02, 2020, 11:33:41 AM
Well that's quite true. It's a great advice for beginners and panic sellers to hold on to their bitcoins.
What most of these guys do is sell their bitcoin as soon as they it going down.
While some lucky people buy it back at the right time, some are left with huge losses.
When bitcoin went from $19.5k to $3k most of the people said it's gonna break down to zero but only the bitcoin believers held on to it because they knew that bitcoin will bounce back. Bitcoin has recovered greatly in the past 2 years. This shows how worthy it is to hold.
What most of these guys do is sell their bitcoin as soon as they it going down.
While some lucky people buy it back at the right time, some are left with huge losses.
When bitcoin went from $19.5k to $3k most of the people said it's gonna break down to zero but only the bitcoin believers held on to it because they knew that bitcoin will bounce back. Bitcoin has recovered greatly in the past 2 years. This shows how worthy it is to hold.
June 02, 2020, 08:38:00 AM
I have lots of stuff to do IRL for a few days and BTC goes past $10k.. wow 
This could be a price increase post-halving and if it is, it might be sustainable. I wouldn't make any moves (maybe only buy) right now, any bull/bear run is risky no matter what move you make. Most moves I've made during them went wrong.
Personal opinion to whoever wants to accumulate: unless you're a professional trader, buy a bit of BTC every day or week and you'll have an average of whatever price is coming up. After you have invested enough, hodl. If you wait right now, it's literally a coin-tossing chance whether it soars or dips.
This could be a price increase post-halving and if it is, it might be sustainable. I wouldn't make any moves (maybe only buy) right now, any bull/bear run is risky no matter what move you make. Most moves I've made during them went wrong.
Personal opinion to whoever wants to accumulate: unless you're a professional trader, buy a bit of BTC every day or week and you'll have an average of whatever price is coming up. After you have invested enough, hodl. If you wait right now, it's literally a coin-tossing chance whether it soars or dips.
Isn't it the second time btc cross 10k post halving? I read an article where the founder of Bollinger band predict an upcoming increase in btc, the rise was already expected only the question now is will it sustain, but I think it will go back down again, it was a nice little pump, even eth was not left behind, I also think accumulating in every dip is the best way to get prepared for the upcoming btc bull.
June 02, 2020, 08:27:33 AM
I have lots of stuff to do IRL for a few days and BTC goes past $10k.. wow
This could be a price increase post-halving and if it is, it might be sustainable. I wouldn't make any moves (maybe only buy) right now, any bull/bear run is risky no matter what move you make. Most moves I've made during them went wrong.
Personal opinion to whoever wants to accumulate: unless you're a professional trader, buy a bit of BTC every day or week and you'll have an average of whatever price is coming up. After you have invested enough, hodl. If you wait right now, it's literally a coin-tossing chance whether it soars or dips.
This could be a price increase post-halving and if it is, it might be sustainable. I wouldn't make any moves (maybe only buy) right now, any bull/bear run is risky no matter what move you make. Most moves I've made during them went wrong.
Personal opinion to whoever wants to accumulate: unless you're a professional trader, buy a bit of BTC every day or week and you'll have an average of whatever price is coming up. After you have invested enough, hodl. If you wait right now, it's literally a coin-tossing chance whether it soars or dips.
June 02, 2020, 08:26:14 AM
Thanks for those reminders and I just want to add that sell if it's necessary and you are in profit. Don't be too greedy and it's ok to get a portion of profit
This is good for those who are in Long term Holding or what we called those HODL because they are willing to wait even how long it takes until the value of
Bitcoin reached their target value.because aside from selling in high there is always a profit in waiting for long,
and also about that greedy attitude that made
us mostly a loser for same reason why many investors and traders fails even gamblers fails in this manner
.Looking for so much winnings and profit and
in the end?you cannot leave the table until you lose everything that supposed to be a good win if
you have no greed manner.
June 02, 2020, 08:02:22 AM
Thanks for those reminders and I just want to add that sell if it's necessary and you are in profit. Don't be too greedy and it's ok to get a portion of profit and don't expect too much as you see with those high speculations that we on internet.
Keep an eye to the market and still look for the opportunity to buy while you can because we will never know how long this assumed bull run will stay.
Keep an eye to the market and still look for the opportunity to buy while you can because we will never know how long this assumed bull run will stay.
June 02, 2020, 07:59:48 AM
Wow what a great news! I didn't see it coming to be honest. I'm glad that I bumped here in your thread because I haven't visited the price charts again. I am not aware that I'm making small profits already, my bad 
.
Quote from: carter34
link=topic=5252740.msg54547799#msg54547799 date=1591098638
link=topic=5252740.msg54547799#msg54547799 date=1591098638
This could be a trap for people aiming to buy high . I would suggest to be patient for the buy to see how the run is going on for now.
Hmm, waiting for a dip before entering the market is good but the problem is we don't when. So why don't you buy now and hodl. Maybe this is really the start of bitcoin's new skyrocket trip, who knows? Remeber, clock is ticking . June 02, 2020, 06:50:38 AM
That is bitcoin for you. It gives the unexpected. Just yesterday it was around $9,500 and today up there @ $10k without no particular cause. This could be a trap for people aiming to buy high . I would suggest to be patient for the buy to see how the run is going on for now.
June 02, 2020, 06:41:42 AM
In this situation my only tips will be don't get panicked and buy BTC at a high price. I did a mistake like this in the bull run of December- January of 2017-18. But luckily I was able to sell that with some profit. So be patient don't buy high.
And I think it's not a bull run yet. It's my personal opinion.
And I think it's not a bull run yet. It's my personal opinion.
June 02, 2020, 06:27:23 AM
"Keep low time preference".
Translation, Buy the dip, and HODL.
If you didn't take the golden opportunities to buy below $5,000, and now, $10,000, then buy while it's below $15,000?
Translation, Buy the dip, and HODL.
If you didn't take the golden opportunities to buy below $5,000, and now, $10,000, then buy while it's below $15,000?
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