Bitcoin is way down today - page 3. | Bitcointalksearch.org

Kemarit

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Quote from: BrewMaster on July 11, 2019, 09:13:56 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?

yes i do, when price is down, you buy instead of sitting around crying about the little dip we had. that way when the whales sell you buy and increase your size to eventually become a whale.

This one, why don't you just relax and not panic and just buy in every dip. I guess this is another classic example of a newbie panickng when there is a slight changes in the price and their portfolio's value dwindling as per USD. To the OP, just relax we are already in a bullish market, you just need to learn to control your emotions and have mental toughness.

Bitcoinqubit

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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?

do you know what is selling rate?Huh??

selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt the value of any crypto...

if it will stop?

yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew

Bitcoinqubit

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do you know what is selling rate?Huh??

selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt the value of any crypto...

if it will stop?

yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew

harizen

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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?

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!

Artemis3

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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?

Yes, with this magic thing called stop loss. For example when it was at 13k:

In Poloniex: If price goes down to 12.5k (stop) sell at 12.4k (limit) (against stable coin)

Then once you see it down and feel confident enough, do it again, for example when it was at 11.2k:

If price rises up to 11.5k (stop) buy at 11.6k (limit).

Actually the wider this is, the safer. That is to accommodate for small fluctuations, but my examples are actually quite tight and not recommended (high risk).

Most exchanges have this with different nomenclature, but they work more or less the same way.

Bots and automated trading platforms can do this for you, or you could just hold and relax, if you are not going to burn your bitcoins and are saving, it will go up in the long term anyway, despite fluctuations.

kryptqnick

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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're a long-term investor, then the only thing you have to protect is your psychological state. Try to distract yourself from bad news, do whatever it takes not to engage in panic selling and to keep calm. If you are a trader, just do whatever the whales do. They sell - you sell, they buy - you buy. And in the meantime, if you are personally worried about the volatility, just keep your money in a stable coin like tether (if you trust it, of course), when you are not engaging in your professional activities.
You say Bitcoin is way down, but what I see it a mere 9%. It's really nothing to worry about if you know the market of cryptocurrencies.

Reid

hero member

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Wow. It did really go way down.
Just this morning it was still at a good price. I just slept for a while and this is what happens.
Something like a $1000 cut happened.

Good day for the traders if they did sell at 13k price. Now, they will just be waiting for the right price to buy back. I guess 10,500 will be the number.

This thread will be better off at trading discussion though.

rested

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It's going down because Jerome Powell FED chairman's statement from yesterday...

BrewMaster

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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?

yes i do, when price is down, you buy instead of sitting around crying about the little dip we had. that way when the whales sell you buy and increase your size to eventually become a whale.

DoublerHunter

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Bro, this year so far Bitcoin price had a good price grow. You had been encounter as of now a small correction and I am sure it will pump up again after a few days. Have you remembered the first law of motion by Newton? (have an equal and opposite reaction) I think it seems like that, the movement of bitcoin price now as what I have noticed recently drop but it will raise up back again. So, be patient. If you are in trading and to avoid losses you can divert your bitcoin into a stable coin like USDT to stop your loss.

funchiestz

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

b3llsf1l3s

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In general there is no definite way to avoid such activities, even if you try to follow or even fight the current market flow. I guess hale whale gives a little effect on the market, the rest is how small traders respond to that. While BTC is down, just HOLD it, i've ever regret cause of panic like this moment.

Krikke

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Standing on the shoulders of giants

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?

It is down today, but still very much up for this year.
Relax and don't always watch the price fluctuate...

You cannot "protect" yourself from whales who sell 1000's of BTC in an instant (unless you have deep pockets and can buy 1000's of BTC).
As mentioned, don't try to play their game because you can only loose. Most important is the technology of BTC keeps evolving and this has triggered company's to also invest and understand BTC!

Good luck!

Krikke

Alexandir

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

Topic: Bitcoin is way down today - page 3. (Read 986 times)