Bitcoin is now in deep now what future traders need to follow?

MCobian

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Quote from: Sadlife on April 07, 2021, 07:31:20 PM

Investing in Bitcoin is not risky if you hold it long term you'll yield more profits but if you give in now to FUD you will find yourself losing money. This pump is not driven by short term speculation by a number of whales but by Institutional money flooding in, such as Paypal newly added Bitcoin to their platform and Tesla buying billions of it. Other companies are stocking up BTC if you look at the fundamentals of the price surge.

I agree with you, Bitcoin is safer for a long-term investment, because many institutions investing in Bitcoin make Bitcoin fundamentals even
stronger. So buying Bitcoin at the current price can generate huge profits for a long-term investment. But if investing in Bitcoin only wants to
get profit in the short term, or we do day trading. It is very difficult indeed to do, good analytical skills are needed in reading Bitcoin price
movements, in order to determine the right purchase price. Our emotions must be well controlled when we want to successfully make
day trading too. Because if we panic easily when the Bitcoin price goes up or down it will only make us suffer losses.

Sadlife

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Investing in Bitcoin is not risky if you hold it long term you'll yield more profits but if you give in now to FUD you will find yourself losing money. This pump is not driven by short term speculation by a number of whales but by Institutional money flooding in, such as Paypal newly added Bitcoin to their platform and Tesla buying billions of it. Other companies are stocking up BTC if you look at the fundamentals of the price surge.

rosebrand

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Future trade is a high risk and reward trading pattern, if you don't manage risk very well in futures trade then you will be exposed to lose. When there is a deep its better not to just jump and long the market because you don't know how deep the market will go thereby entering without proper analysis and risk management might lead to that acct getting liquidated, so in a bear market it's better you trade and ensure your liquidation price is really far from the market price and always try adding equity or take a quick action of closing the trade if you don't have enough equity to hold for long

repear7

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I am also a future trader on binance. From my opinion and experience future trading is so dangerous. Mostly for new traders. I can remember that's day, When i make my balance 0 from future trading. Most future traders take long in dip. I think it’s good chance to make profit. But remember that high risk before enter future trading.

bekti3

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Quote from: lifeforcepools on April 06, 2021, 09:35:50 AM

It is too difficult to predict what the crypto market will look like in the future, but we must try to prevent it from becoming a ruin.

well how to prevent it, even though we are only small traders and investors. So, to avoid or minimize the worst, what is the solution?
can you share some of the methods we can do?
because so far, I have not received knowledge about it all.

Jet Cash

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It's only dangerous if you don't understand gearing and risk, and you get greedy.

lifeforcepools

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It is too difficult to predict what the crypto market will look like in the future, but we must try to prevent it from becoming a ruin.

Fundamentals Of

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What are you thinking trading futures? Don't you think that's a bit more complicated for new people like you? Don't you think you can do better with spot trading or the conventional trading rather than trading Bitcoin derivatives? I personally think Bitcoin trading experience for newbies should start somewhere easy and simple.

The market is always dangerous as it could fall anytime. But on the other hand it is also not as dangerous if you prefer to stay patient and just keep on hodling despite the price falling. Sometimes getting out would only mean you are left out by the time it suddenly bounces back upward.

mbe48

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Most importantly also learn Bitcoin technology itself and learn techniques in Bitcoin trading. How to buy and sell Bitcoin, how to see a good market, and know when to buy or sell. If you want safe bitcoin investment with minimal risk, it's better to make Bitcoin investment like long-term precious metal gold. When viewed from the type of Bitcoin investment, if you want certainty of profit it should be long-term, because sometimes we see Bitcoin prices moving quite wildly in a month or two. The very important thing is, don't panic.

michellee

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I can suggest you not panic if there is another correction that will happen to the market because if you can calm down and still analyze the market, I am sure that you can see the opportunity to buy more bitcoin. The correction will still happen today or tomorrow, but that will not take too long because after that, I am sure that the price will bounce again and the price will rise step by step. If the correction is at the market for some time, you don't have to do anything except waiting for a while, but if you think that you can trade by buying low and sell high, whether the profit is not too big, that will give you a chance to make a profit.

I don't know what will happen to the market, but I am still waiting for the next rallies, which I believe will happen soon. The price could stay at the current price, or it will go down, or even the price can get sideways temporary, but you don't have to panic because that is the key to survive in the market.

sunsilk

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Quote from: Imran232 on November 26, 2020, 08:38:28 AM

Now in this topic i want expert suggestion that lots of new people like me we are doing future trading. Now i noticed that market condition is soo much dangerous.

The market's situation isn't like what you're thinking. It is not dangerous, it will only become if you don't have experience and you're scared of the possible outcome of your trades. Don't think that it's a dangerous because a dump has happened. It did before for so many times and it's very resilient.

Quote from: Imran232 on November 26, 2020, 08:38:28 AM

Now what can we do so that we can't in loss plus we need your suggestion so that in future we can handle that type of situation easily.
Now what you want to suggest us?

Dollar cost average or a continuous buying scenario. That's all you need to do or just remain holding. No need to do that much if you want to hear what holders want to say.

idrisalomagold

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Bitcoin is considerably the best performing speculative asset right now despite poor economic situation. Futures is the best way to leverage much on your asset and though it may sound a better way to avoid risk of lossing - the answer is you aren't. Simply because, futures have this funding mechanism which begs the point that whenever the market favors the long, long positions pay the shorts and vice versa.Thus, futures is still very risky in terms of holding btc at certain time, especially if we buy now. One way to hold bitcoin further in the near future is buy it and hold it in spot market or in wallets whichever is applicable... Everyone is confident that btc will reach its new ATH, so hodl....

TravelMug

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Quote from: MusaMohamed on November 26, 2020, 09:10:53 PM

Quote from: Yaunfitda on November 26, 2020, 10:29:31 AM

Lol, we've just seen some shake out in the market right now, but nothing to be worry though, we are not in dangerous waters. Suggestions? just keep it calm dude, just remember that bitcoin is hovering in the $3k range around March, during the pandemic, and now we are $16k-$17k. So what more can you ask for in the market?

I'm sure everyone is looking for $20k or new all-time-high, unfortunately, we need to wait and give more time for the market to mature.

From one day or 3 day candles bitcoin corrections can be deeper. With the 30 to 37% correction, bitcoin will finish its correction in the price from 14k2 to 14k9 USDT. Fortunately, think of the correction as a healthy correction and I am sure it is a healthy one in bull run market. Bitcoin need to have a correction and another accumulation to take off higher and higher.

For today, enjoy the bounce back but the correction has not finished yet (not reach 37% level of correction and the MA lines show the correction is still a beginning).

So it seems that you have your own analysis already so you should know what to do next?

According to you, there will be corrections going to happen so you should wait for it to happen and then buy at $14,200-$14,900. You are asking for our advise but it seems you have the answer already.

Just don't be emotional and don't FOMO and used your knowledge, in this case your technical analysis and see when to enter, best of luck to you.

GreatArkansas

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There are lot of traders made profits these days.
There are lot of different traders with different methods.
What I can suggest is to stick on what methods you practice, don't buy or sell because someone said. Avoid social medias, especially the twitter. You better focus on analysing the chart, find a good entry, don't get excited.

ReiMomo

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There is nothing that you need to do, we have gone through the same situation before where the correction had to reach more than 30% but the price still kicks back a few months after.

Bitcoin is a long-term investment and patience is a virtue here you just need to calm yourself be not affected by FOMO and FUD and you will see the profit will go beyond your expectations.

It sounds cliche but the rule of thumb should always be in our mind that invest or trade only with the amount that you can afford to lose in that sense you will not get defeated by the greatest emotional detractor of traders, the FOMO and FUD.

yazher

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Quote from: Imran232 on November 26, 2020, 08:38:28 AM

Now in this topic i want expert suggestion that lots of new people like me we are doing future trading. Now i noticed that market condition is soo much dangerous. Now what can we do so that we can't in loss plus we need your suggestion so that in future we can handle that type of situation easily.
Now what you want to suggest us?

We went to this kind of market in the past and to be honest, there's nothing to worry about it unless the money you put on your investment is all of your worldly assets and that would be a problem. We have a golden rule in investing in cryptocurrency where it says "invest only what you can afford to lose" the volatility of the market would give you the definition of why such a rule exists. In the meantime, if you are planning to invest as a first-timer, I suggest a little amount first then you can go for a big amount later if you know how the crypto market works.

LogitechMouse

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Quote from: Imran232 on November 26, 2020, 08:38:28 AM

~

You don't want to get losses in your trade?? This is the best thing for you to do.
Don't trade at all Wink

The market has did its correction yesterday and it bounced back at the $17,000 price. Futures trading is really hard especially this time that the market is somewhat unpredictable and when I mean unpredictable is that it can make movements that it hasn't been done for a long time like this massive upward movement.

I'm not a trader but I suggest not to trade unless you can manage your risk then trade using a small amount only for now.

MusaMohamed

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Quote from: Yaunfitda on November 26, 2020, 10:29:31 AM

Lol, we've just seen some shake out in the market right now, but nothing to be worry though, we are not in dangerous waters. Suggestions? just keep it calm dude, just remember that bitcoin is hovering in the $3k range around March, during the pandemic, and now we are $16k-$17k. So what more can you ask for in the market?

I'm sure everyone is looking for $20k or new all-time-high, unfortunately, we need to wait and give more time for the market to mature.

From one day or 3 day candles bitcoin corrections can be deeper. With the 30 to 37% correction, bitcoin will finish its correction in the price from 14k2 to 14k9 USDT. Fortunately, think of the correction as a healthy correction and I am sure it is a healthy one in bull run market. Bitcoin need to have a correction and another accumulation to take off higher and higher.

For today, enjoy the bounce back but the correction has not finished yet (not reach 37% level of correction and the MA lines show the correction is still a beginning).

winrate.io

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Relax, Bitcoin is offering investors a real chance to make gains on their money rather than risk-off assets like cash that are bringing back negative yield. This is a fact that simply cannot be ignored!

Yaunfitda

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Quote from: Imran232 on November 26, 2020, 08:38:28 AM

Now in this topic i want expert suggestion that lots of new people like me we are doing future trading. Now i noticed that market condition is soo much dangerous. Now what can we do so that we can't in loss plus we need your suggestion so that in future we can handle that type of situation easily.
Now what you want to suggest us?

Lol, we've just seen some shake out in the market right now, but nothing to be worry though, we are not in dangerous waters. Suggestions? just keep it calm dude, just remember that bitcoin is hovering in the $3k range around March, during the pandemic, and now we are $16k-$17k. So what more can you ask for in the market?

I'm sure everyone is looking for $20k or new all-time-high, unfortunately, we need to wait and give more time for the market to mature.

Topic: Bitcoin is now in deep now what future traders need to follow? (Read 276 times)