Topic: Avoid been carried away, it's never going to be bullish forever - page 2. (Read 800 times)
of course the price of crypto will go up and down because the price is fluctuating and I think this has happened several times and in the end the price will also go up again even though sometimes sooner or longer. do not rush to take decisions when we are panicking because it will be fatal and can get big losses. we have to learn patience and don't be selfish because if we manage our assets well it will be profitable too
Yes the purpose of trading or invest in cryptocurrency market is make profit, and i think many trader already made huge profit in this bullish season. So withdraw some profit in to fiat and use it to buy other asset that has lower risk is very important because very hard to predict when the bullish season in crypto market will ended and the market turn in to bearish. Avoid greedy and always learn more about the risk of high volatility of cryptocurrency, we have seen in bearish market in 2018 and 2019, almost all crypto dumped above 90%.
This is a very good advice, always take profit from your positions. The cryptocurrency market is already in an over bought position and it is not advisable to keep investing your money in the market now, because the bullish trend is getting exhausted and the bears can get in at anytime.
Sometimes investors are refraining themselves to take profit because they want to gain more. Greed is often the reason thats why we ignore the advice of others to take profit already. Then if we experience a correction, you'll regret not selling. It happened to me many times and gave me a realization to have a plan of what I want to achieve. Its fine to hold but dont forget to take profit because its so important.Anyway its never too late, the correction is not a bad thing just deal with it positively. Fill your bags now so if another bullish season occur you know what to do to have no regrets.
the bull season isn't over just because the market is already retracing;
I don't think so, I think that it will better if we take a look at the fundamental of crypto. Remember that dude if the technical analysis will not work at this moment. it looks like we are starting to face the bearish trend again at this moment. it looks like all of crypto will be facing the bearish trend again. I guess tesla is starting to dump its bitcoin and I hope that will be going so well.
none knows about how long the bullish trend will be in this market. There are lots of dramas happening
This is a very good advice, always take profit from your positions. The cryptocurrency market is already in an over bought position and it is not advisable to keep investing your money in the market now, because the bullish trend is getting exhausted and the bears can get in at anytime.
Yes, but for now there is still a little chance for those who still don't feel that much profit when the bull market starts, because before the bear season really comes, I think it doesn't hurt to take advantage of the remaining time like now. 
It'll never be bullish forever, but this bull season is unlike any other; any decline is a chance to buy more and there will still be demand for crypto now; be wise and take advantage; the bull season isn't over just because the market is already retracing;
Yes, in general the bulls will not happen forever, but for now it is very appropriate to make some purchases because in general the bullish season is still not over, although it could end at the end of the year.I suppose to think that Bullrun has to come to an end, I believe that everyone is enjoying the hypes already.
This is a very good advice, always take profit from your positions.
It is important to take profits while you're in the good position and just as what we're experiencing, times like this do really come and if you're too greedy and thinks that the market will go bullish forever, you're going to miss the profit taking opportunity and eventually will learn the lesson. Just as the past bull runs and bear markets, we've learned the lesson and missed a lot of those profit taking opportunities because greed had hit us.
This is a very good advice, always take profit from your positions. The cryptocurrency market is already in an over bought position and it is not advisable to keep investing your money in the market now, because the bullish trend is getting exhausted and the bears can get in at anytime.
I'm not taking it, there's no such thing as "bullish forever". Bitcoin is in a cycle, it will be in a bullish and bearish period, that's why timing is very important when it comes to investing particularly on short-term investment, you will have to judge what is happening in the present to predict well in the future.
Now, bitcoin is down by a significant amount, we can't call that bullish and we can't guarantee its future is bullish.
Now, bitcoin is down by a significant amount, we can't call that bullish and we can't guarantee its future is bullish.
Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart
Probably September maybe, but it could always turn out to be different and we can't really predict how the market move now it could be the same or may be different from how the market moves before.
I mean it's the danger I guess when investing in cryptocurrency since we used to see our investment profiting from maybe 2x up to 10x in just a short amount of time like maybe a DOGE coin or some other bullish coin.
Obviously, that's not gonna happened for even, you cant expect a coin to pump and increase its price until it reaches the moon, were surely gonna get a big drop so take profit if you can.
At this point of time in the market, you can never define if this trend is bearish or bullish, because there's a lot of people today diverting their money into cryptocurrency, maybe in some coin/token experiencing downfall but we can never called it berish..
Of course quite a lot of people and institutional investors are interested in the Bitcoin network cause of the downturn in the traditional financial institutions due to the Covid-19 pandemic and some of the policies imposed by the government to bring the pandemic under control, the resultant effects of all this is inflation/hyperinflation, thus Bitcoin and to an extent other altcoins has been acting as a hedge to the devaluing Fiat currencies/struggling economy.Having said that, all this factors have led to the continued spike in the crypto market for a while now, and at the moment, this institutional investors and prominent individuals are still very much active, interested and are still investing in the network, thus I think this plunge is more of price corrections that a complete return to the bearish market.
At this point of time in the market, you can never define if this trend is bearish or bullish, because there's a lot of people today diverting their money into cryptocurrency, maybe in some coin/token experiencing downfall but we can never called it berish..
We might not experience at these time what happen in 2017 pump and 2018 dump. There might be some dump in prices but not to the point that all crypto market will be too much affected, there can be changes that we can trade into other altcoins or project that are invested by some companies already. There are people involved now unlike before that we rely on whales alone.
It'll never be bullish forever, but this bull season is unlike any other; any decline is a chance to buy more and there will still be demand for crypto now; be wise and take advantage; the bull season isn't over just because the market is already retracing;
At this point of time in the market, you can never define if this trend is bearish or bullish, because there's a lot of people today diverting their money into cryptocurrency, maybe in some coin/token experiencing downfall but we can never called it berish..
Stupidity have full confidence something, now that people like Elon musk are investing in crypto now is the time that many will be so hooked and want to keep buying and buying like it's gold rush but that's never the way of crypto, market will eventually crash and bears will take over for long time before seeing bull season again, many will learn the hardway
Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart
Take Profit is a powerful stance in investing, and I agree with you on how you do it. Bitcoin / cryptocurrency is free to use and thought for its ultimate purpose. I'm not sure about the situation but to compare the late 2017 / early 2018 and 2021 period is completely wrong, it's different in space and weather conditions. Symptoms of this disease will hurt for a very short time. before determining whether the market will return! And I don't follow the superstition with the movement but I believe bitcoin will hit x2 when it recovers. 1.5x worst
Yeah, it's always a good idea to take profit from your trades, but despite the fact we had the bear after the bull run of 2017, doesn't mean that the same situation would happen this year. Bitcoin is gaining more trust and popularity and getting into the portfolio of many more persons. The market may not nosedive the way we had it after the 2017 bull run.
Everything going only up is also a gamble, remember! A healthy market is the one with low volatility and you have a point there, nothing goes up forever but this bull cycle is not yet over. Stochastic is an important indicator and on a daily chart it is showing a bounce back in a couple of days.
This time is a good season for investing in any good coins you can find, though I always recommend top altcoins since they are less volatile, all you have to target is getting your return of investment back first then use the extra profits to take further risks on good projects, the truth still remains that no one knows when the market will turn around
crypto currency will rise no matter what, people have already started to use the token coins in different institutions and it's becoming a chain now. One will be bound to use the tokens no matter if they like or not. more real usage of token, more the price.
pump and dump can cause some damage for a while but it will never break the chain, we are going in the new era of digital currencies for different platforms.
Just pick your coins carefully & DYOR.
pump and dump can cause some damage for a while but it will never break the chain, we are going in the new era of digital currencies for different platforms.
Just pick your coins carefully & DYOR.
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