Big gains come with big losses - page 27.

taiwww

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Quote from: Sinecoin on March 27, 2018, 09:49:20 PM

To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

Thats bitter truth and everyone has to accept it. Yeah I agree upon your statement or whatever scenario you have put forth here as an example. The thing is, whether its ETHER, BITCOIN or any other long lasting coin that has grown in its value suddenly will have the same effect as you expressed here. Obviously for all these coins the effect of huge pump was supposed to be downtrend afterwards because 1) People sold at the pump 2) People saw all new ATH and got panic for sell and many more reasons like this which cant be ignored. Well, then the value dumps itself due to such unavoidable reasons and thus in the long run once the effect is disappears it will get back to ATH again.

Kingofbitcoin12345

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They have the idea of that scenario and even experienced that,, but the problem is they don’t apply those into reality.. They are panicking because they don’t understand what they’re doing,, they have small knowledge of they’re own capacity of what is right and wrong..

The over confidence when the price at high price,, changes into desperation and disappointment because of bad propaganda machines surrounding and circulating to make a noise..

lablab03

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Market need to fall into lowest price in order for the market to regain more strength and to touch down new ATH. In other hand it's a big opportunity also to those who are watching for the price to sink to buy and ride until the price rocketed , so if you don't want to regrets always on it by holding it for long run you must sell it if you gain enough with it and dont wait for the sign to sell. 'cause honestly this is how the market plays up and down without anyone knowing.

syaripudin

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yes, crypto prices will not always go up in a sustainable manner and there will certainly be a process of price reduction and to date we will not be able to predict when it will be. Some of the things that cause price drops are due to the decrease in the price because the demand on the crypto is not too high and vice versa when the price increases then the market demand is high. I think it is a familiar thing with what has happened in the crypto market that has always experienced between couples and downs.

pooya87

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Quote from: Sinecoin on March 27, 2018, 09:49:20 PM

I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

people always get caught up in the pump and dumps and when they see the constant advertisement telling them how ETH is good, how it will replace bitcoin, and all the rest of the nonsense they tell them, they start believing in them and pour their money in it.
but when they get dumped on they start opening their eyes and realize it was all an illusion and all those advertisements were lies. so the panic sells begin.
unfortunately panic sells of the rest of the altcoins which don't have a fiat market can bring bitcoin price down too because these people have to sell altcoins to bitcoin then bitcoin to fiat to get out and that can crash bitcoin a little.

Indrawan77

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It's very true, last December the price had been up too fast and many of the speculators had warned about the bubble and the major correction, but most of the people didn't care about the warning and keep on buying although the price has been already so high and when the price finally go down, a lot of people investment got stuck and panic sell is happened everywhere, a lot of people still doesn't know thay crypto is very risky investment and very volatile

tienigarazz

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Crypto market or the value of a coin will not always be on the top.
Droping of market is not the end, its just a sign that theres a mistake or theres a thing to be improve in order to reach its pick.
All we need to do rightnow is to take this big drop as a chance to buy more, to invest more. And then wait with patient because our profit is on its ways to us.

naidray

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Quote from: myworkstrade on March 27, 2018, 11:08:26 PM

not necessary but if you loss much then its time to purge yourself you need to learn a lot from mistakes or any troubles when you trade. Be wise and face the reality, yes greediness is the number one problem or illness most of all traders.You need to overcome factors affecting you from trading like the emotions, you don't want to extract emotions while trading, don't be to excited when you hit your target profit in your trades. Just be calm and patience is the best way to focus on trading the market. Don't focus on the profits focus on the learnings or knowledge that the very important when trading, gaining knowledge when trading. Good luck. happy trading to you.

I totally agree with purging yourself and learning from your mistakes. I have seen the way a lot of people react to a moving market and the honest truth is that if we do not get to see people getting rid of this mentality of quickly getting rich, we will always see these entire unnecessary fomo rise.

It is appalling because right now we only have a speculative asset in our hands and if things are going normally without some unnecessary greed, we could be seeing steady growth without much volatility but I guess that is something too much to ask for.

Dart18

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Quote from: Sinecoin on March 27, 2018, 09:49:20 PM

To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

And that is because of the weak hands.
We also need to see the truth that there are people who will sell it when they see profit in there. Other than that, there are also those who are "HODL pretenders" who have weaker hands. They will sell when they feel they dont know what to do. They call themselves HODLers but the truth is they keep checking the price.

Just sell it already. Grin

Quidat

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Quote from: Sinecoin on March 27, 2018, 09:49:20 PM

To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

Common mistakes that can really be committed if we let ourselves get too confident with those price movements.If we do see new ATH then you should expect for a pullback later on. Don't get too excited and going all in and minding that the price would continue even more specially when its being hyped up.Most of the time when we saw these price movements we got too excited and afraid for us to lose profits when seeing prices is climbing if you cant able to get out on the right time then expect on the consequences.

knightmairesaint

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Just like what happened on bitcoin's side. Its price skyrocketed from September until 2nd week of December this previous year reaching its new ATH and then drop as the Christmas Day comes and continue to fall down 'till January. What a huge drop! From almost a million into nearly half a million, see the gap? Very frustrating right?

Well, I disagree with you in your title "big gains come with big losses", it is not necessary to work always in that way. Losing depends on how good you are in handling your money and don't have a connection into your profits whether it is only small or big.

kirkarsedat

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What you have said is true that it will not go up forever and this drops are inevitable as the cryptocurrency market also experience a price increase in a short time, this also means that the price increase is also manipulated

gantez

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The simple analysis of the caption is that we should not invest more than what we can risk to lose so that we won't faint when market go wrong. Higher target for gains also means higher tendency for loses. So it is better we understand the working of the market volatility.

supine

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Quote from: Sinecoin on March 27, 2018, 09:49:20 PM

To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

Well said, I really think that the current market price of bitcoin and ethereum is not that bad after all. After bitcoin reached it's ATH at $20,000 from last year, the price was just at $2,000 as far as I can remember. Ethereum's ATH was at $1,400 and it was like $100 last year. The current market price of both ethereum and bitcoin is not as bad as we think if we will base it from the price last year. So, we might see the same pattern this year, we just need to be patient.

dewi91

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we should take the risk if we want to get big gains. impossible if we want to get what we want without the risk, when the first time we want to invest in crypto currency it's better if we know that the value of crypto currency are never stable. to make big gains we have to know the right time to sell our coins because most people lose their money because they are getting panic and selling their coins when the price decrease.

Sinecoin

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Quote from: leonair on March 28, 2018, 05:52:31 AM

Your point is good though, I hope everyone is thinking the same like you.

Many people that loses a big amount of money in the Cryptocurrency madness last year are those people that just got hyped up by the sudden increase in price and they didn't think too much to what's the consequences of their decision if something goes wrong. Experience is the best teacher so let them learn their own lesson for it will help them grow.

Bitcoin or any other good Altcoins would keep going up forever only if people keep on using them forever. We know nothing to what's coming but at least we're doing something.

I hope everyone can come to this realization too. I see this type of thinking/behavior a lot on the ethrader subreddit and it just baffles me that people think this way. When eth hit $1400 then went down to like $1200 people were saying "just got in at $1200, such a steal. cant wait to see $2000". There were many variations of this same statement by many people and it just proved to me that money blinds people. The same thing happened when people bought btc at $19.5k and then they starting saying "Im not even worried" when btc hit $10k. This fomo behavior will destroys peoples financial lives.

leonair

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Your point is good though, I hope everyone is thinking the same like you.

Many people that loses a big amount of money in the Cryptocurrency madness last year are those people that just got hyped up by the sudden increase in price and they didn't think too much to what's the consequences of their decision if something goes wrong. Experience is the best teacher so let them learn their own lesson for it will help them grow.

Bitcoin or any other good Altcoins would keep going up forever only if people keep on using them forever. We know nothing to what's coming but at least we're doing something.

ajochems

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Ya buddy. The people speaking about the huge fall,but not realizing the huge profit. Many had become millionaire and billionaire when the price increase to 19,000$.So it's a best time to inverse in bitcoin,because now the value of bitcoin is half of the last year price.

ivandu

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Quote from: otundebis on March 28, 2018, 05:37:12 AM

Well, that is what is playing out with bitcoin prices. However this doesn't have to be an individual experience. If Bitcoin investors hold their bitcoin for higher return, the current market condition would have been avoided. So I say it again. Hold your coin!

hold could be goodi choice for us with current condition in market.so many negative news spreaded that influence investor and trader sell their bitcoin and altcoin.holding bitcoing for long period will give us high return.

otundebis

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Well, that is what is playing out with bitcoin prices. However this doesn't have to be an individual experience. If Bitcoin investors hold their bitcoin for higher return, the current market condition would have been avoided. So I say it again. Hold your coin!

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