Bitcoin is way down today - page 2. | Bitcointalksearch.org

Jating

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Quote from: Oceat on July 12, 2019, 11:54:53 AM

Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

There's no way we can protect our Bitcoin if we are in the open market unless if we hold it forever. Price manipulation is everywhere especially in the open market it is prone to manipulation. So if you really want to earn from this market you have to be flexible while learning how do whales affect the whole market movement.

Exactly, the only way to protect it is just to HODL. But no make mistake about it, practicing HODLing is tough as well as other may have thought. That's why you will see some holders panic when there is a crash, because once you see your assets going down, it's not not to think of protecting it by selling. So it is advisable to just sit and relax, on the contrary buy more during dip and just HODL for as long as you can.

jakelyson

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

You are only affected by this if you are a trader, otherwise, just hold your bitcoin and the price will eventually go back up.

For traders, you can just set a target price for profit and stick to it. Also, set a stop loss so you won't get wrecked when the price suddenly goes against your trade. Chasing max profit usually does not goes well to daily traders.

South Park

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

If you want to be an investor or a trader you need to accept that you are only a small fish and that sometimes you will lose money when the whales make their moves, so the only way to protect yourself completely from the whales and their manipulations is to get out of the market and never comeback, but if you are really enthusiastic about the technology behind bitcoin then that is not an option, I suggest that you try to learn as much as possible about money management since that is what differentiates the ones that are successful from the ones that are not.

arpon11

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Quote from: funchiestz on July 11, 2019, 09:09:46 AM

Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

You don't need to track too much. It will turn up again. You just enjoy yourself.

Most of us are in a panic because we try to track every movement that the market make especially when it is going against our will! The whales make money because of the action some of us make during the up and down movement of the market and that is the reasons why you and I need to define the type of traders we are. If you are a holder there is no need of you refreshing coinmarketcap every day as this will create tension in you and it might make you lose money by selling when you are not supposed to sell! Traders especially day traders are those that can or should be doing that because they make money from the little price movement on a daily bases.

Oceat

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

There's no way we can protect our Bitcoin if we are in the open market unless if we hold it forever. Price manipulation is everywhere especially in the open market it is prone to manipulation. So if you really want to earn from this market you have to be flexible while learning how do whales affect the whole market movement.

LimLims

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

Don't be sad.
You need understand, how the price of a particular coin affects.
So when the trading volume of a coin is more, then the price gradually increases, but when the trading volume falls down the price too comes to down.
Hope you have understood now.
Good luck.

Ridwan Fauzi

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

If you are trader I guess you will know against it especially through the candle pattern. The increase price will be fast and same as when its price going to down, because the whales will set a profit price that they want and the will lock it to sell so as when its price has touched the we will can find its price will down drastically even will past the original price. The second ways is you can see at the news on the several media, if there is no good news on the media but the price is increasing then you can judge it thag the market has been manipulated by whales.

veleten

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

the simplest and the easiest way : HODL and do not bother checking if the whales are at it or not

the longterm holders do not worry about the drops or the raise , unless it hits the mark when they are ready to sell
if you only hold a small amount of coins , then you could invest them into a casino bankrol land gain dividends, saving yourself from the volatility of the market
other than that - bitcoin is volatile by nature , its one of the best speculative instruments on the market , so there wil lalways be people who take advantage
just live with it

michellee

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

Maybe the way we can protect our cryptocurrency is by buying the coin at a low price and sell at a high price. That will be done if we have skills in trading so we can know when the time to buy and sell. Without having skills, it is hard to get the right price because sometimes after the price down, it will go down for more but then the price will increase later. So we need to learn about how to analyze the trend and maybe we can place a two or three order to anticipate the lower price.

MonsterV

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Quote from: harizen on July 11, 2019, 10:17:42 AM

Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

Without that "rinse and repeat" trades you are pointing, you won't enjoy the current price we are today. That's the source of the strong foundation and we need that dips on the way. A continuous price rise without slowing down is way more alarming and might wreck you at the end.

Anyways, Welcome to Crypto World!

Sometimes whales also have to take profit on their targets, so today it goes down. And I agree that the continued upward movement of the market is very worrying because it is an unnatural pattern on the market. Certainly in such a pattern there is a secret behind it, and today in my opinion bitcoin is still in a fair pattern.

Correction is normal, maybe the OP must see the history of the previous bitcoin and then make a thread. The pope is inevitable because the pope will continue to exist in this market, the right step is to become a remora, and be patient to grow into a whale.

Mometaskers

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Not much of a problem if you HODL for long enough. Considering the prices last year, it's still possible to sell at a profit. It really just boils down to your entry cost.

Say you bought last December, you can still sell now at 11k and still get a profit and then just wait for further drops before buying again. But since it's fluctuating just around the 10k-12k, probably more prudent to hold.

CoinCodex

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Bitcoin has seen a pretty big price drop over the past days, will the price soon bounce back above $13K?
Read more in this short TA:

https://coincodex.com/article/3994/bitcoin-price-analysis-precipitous-btc-price-drop-breaks-below-12000-where-can-we-bounce/

fiulpro

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There are two things that people usually do

1. Holding for a long long time :-
This way the only thing you need to protect your cryptocurrency is from your will ' don't sell them , just let them stay in your wallet ,a safe one ! Don't check the regular price of the market , if something big will happen you will already know through the news and all

2. Holding for a short amount of time:-
Now this is more or so like trading , get aquatinted with a good trade platform and then at the same time make sure to keep a track , you can trade using charts or just the market price , depends on you ofc.
Then you just need to buy and sell at small small intervals and can encash whenever you want.

Just keep checking the market price in the second option '

xWolfx

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Quote from: Kakmakr on July 12, 2019, 12:51:12 AM

You do not have to protect yourself against Whale ‘rinse and repeat’ trades, when you ignore the short-term volatility. Any long-term trader will simply ignore this and just sit back and wait for the price to reach a new ATH and then to take some profits.

The day trader will actually benefit from this volatility by buying low and selling high. So depending on how you approach trading, you should actually benefit more from this kind of ‘rinse and repeat trades by these Whales. Grin

I know right? But i really don't understand why taking so much risks, it's like the gold rush fever. Long-term rules the game.

Day trading is really hard, of course you can benefit but i highly doubt that many will be so skilled in the art of patience and fearless mode. Emotions tend to drive people into action and it is something that investors struggle with since the day money was invented, you get what i mean.

Johnzky

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

Why protection are you asking?because if your talking about the losing when the value is falling I don’t think someone has a power to top you from selling.so there’s no need for protection but alertness is what you need

Though also you can just hold while others are dumping because we have already seen the scenario that pumping and dumping happens almost every other day

aad140386

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As practice shows, it is often more profitable to simply buy and hold than try to guess short-term falls and growth. Someone of course turns out. And I even did it myself at one time, but I can’t say that it greatly improved my result. Maybe I really earned 20% more interest, but if you do not have a lot of free time, then I would not advise you to do this. Moreover, sometimes you can lose part of the trend and lose profits. Such trade is more suitable for speculators and not investors.

Kakmakr

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You do not have to protect yourself against Whale ‘rinse and repeat’ trades, when you ignore the short-term volatility. Any long-term trader will simply ignore this and just sit back and wait for the price to reach a new ATH and then to take some profits.

The day trader will actually benefit from this volatility by buying low and selling high. So depending on how you approach trading, you should actually benefit more from this kind of ‘rinse and repeat trades by these Whales. Grin

joinfree

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The cryptocurrency market is volatile and therefore it can increase and decrease at any point in time. The best way to avoid these sudded market crashes is to exchange your cryptocurrencies like btc and eth for stable cryptos like TUSD, USDT etc.

Naida_BR

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Quote from: Alexandir on July 11, 2019, 07:41:40 AM

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

I don't think that there is any assurance for that.
As long as the market is open and accessible to any user with any budget this is going to happen everytime. The best solution is to try and keep your patience and wait till the next upward trend.

dothebeats

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You can't obviously, though you can always read signs from exchange volumes and order books as those are solid indications that something eerie is happening within the platform. Also, instead of constantly thinking whether to buy or not, just buy when everyone is selling and you are almost guaranteed to take at least a few profits when the price rises. That's what I've been doing for the past few years and I have been doing quite well, honestly.

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