Is this a correction or a sign of a bullish momentum?
There still a confusion to my mind because the catalyst may not be an impact for the market. However, a lot of expectations coming from amateur and pro traders that this year will be a bull market for cryptocurrency.
Topic: Bull or bull trap - page 11. (Read 2108 times)
I think its a good plan to sell at the current price and buy back in after this next dip is over. Don't be afraid to sell after a huge pump because everything must go down at some point. Or you can just play the hold game if you are too scared to day trade.
What assurance do you have that we will still get a dip, and the price of bitcoin will not continue to moon from now on till we get to ATH? many people have been speculating this dip since bitcoin went on a bull run to $5k, some said market were already being overbought and we will have a pull back to $3500.$5000 passed and no dip, same thing said at $6k, it passed and no dip, and now we are still repeating same thing that is never going to happen for now, even if there will be a dip, it will just be a little one to serve as price correction, but I think what op is looking at is to cash out completely.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
If you look at the real volumes of good exchanges, and not into the kitchen, you will see that they are very small relative to such growth. This means that someone is winding up volumes and trying to raise the price of Bitcoin. But the correction is inevitable and maybe it will be very deep. 
Today it looks like both to me. Either we will continue the rise to $8700 or something like that, or the market will reverse and we are going to retest some of the previous levels. You have to decide which one of these options is going to happen for yourself. I know this post of mine is of no use to you, but I myself am in the same dilemma. I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?
Just to be clear, I hope for a continuation of the bullish run.
Many people experience confusion now, why don't you see the market and see if prices will fall or go back up? or at least you can sell half of it to recover because of your previous loss? there are many strategies and plans that you can choose.Just to be clear, I hope for a continuation of the bullish run.
I'm sure a lot of people will sell when they think the price is already high enough, and of course the falling price will definitely happen, as happened today. many people sell when the price breaks through $8k as I'm predicted. my advice if you go for short then sell it if you have seen a high price, dont let that chance gone
I want to know if it's time to cash in or to cash out,
No one can tell you that, even if some people will say that "buy now, this is the dip we are waiting", you will still not believe. Just like what happened around December 2018, when the price of Bitcoin dropped around $3,200, some people are still waiting for the dip that time, but the price now almost x2.The best to do is do your own research, try technical analysis, use the chart, compare the history prices or fundamental analysis or about positive news.
Yes, we shouldn't completely rely on the others because we have to research ourselves about the market and fluctuation. It is our money we have to choose a wise decision and wait for the bitcoin price to drop. Many people will tell buy now it is the right time to enter. Research is always good for long term investment.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
What are you looking for if you spend money for investing in cryptocurrency?If you find for looking instant rich then this not place for you maybe you should fine a lottery place that can double your money with a thousand fold.
However, if you find for long term profit and you have known with potential side of cryptocurrency then the preconception about bull trap or anything that headed to negative line you should leaved it. Because the price cryptocurrency will always like that, I came to know about cryptocurrency since 2017 ago and until now the movement character of cryptocurrency was same.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
What are you looking for if you spend money for investing in cryptocurrency?If you find for looking instant rich then this not place for you maybe you should fine a lottery place that can double your money with a thousand fold.
However, if you find for long term profit and you have known with potential side of cryptocurrency then the preconception about bull trap or anything that headed to negative line you should leaved it. Because the price cryptocurrency will always like that, I came to know about cryptocurrency since 2017 ago and until now the movement character of cryptocurrency was same.
I want to know if it's time to cash in or to cash out,
No one can tell you that, even if some people will say that "buy now, this is the dip we are waiting", you will still not believe. Just like what happened around December 2018, when the price of Bitcoin dropped around $3,200, some people are still waiting for the dip that time, but the price now almost x2.The best to do is do your own research, try technical analysis, use the chart, compare the history prices or fundamental analysis or about positive news.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
It very clear that it is too early to cash out now, if you are a long term investors, you might just have to wait a little longer because this price of bitcoin now is just the beginning of bull run, I know we are being careful because of the mistake we made last year, lots of us expected more than what we saw. Right now, we have not really seen the bull run and I am sure this is not a bull trap, because this value is too low for the players to back down from, the will still push it higher to value that will be above the last ATH, but if you think whatever profit you have now is ok, and you wouldn’t be full of regret in future when you see a larger increase, you can cash out.
There is a good article about the 4.3k to 8.4k bull run. I think it was on the bitcoinist.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
You can choose cashout if you really made profits from last year's investment but I guess this is not the right time since we are gaining prices in the recent days and reaches good price from last years bottom price.There is dump on the price after we reaches $8500 for the last two days and predictions says this is just the correction and if we can again break the resistance on $8400 we could climb upto $9500 to $10000 by end of this month.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
At this moment, the market is doing a correction and I knew it was coming 
. I have watched videos on youtube that is why I knew this correction will come. 7500 is the major support but it quickly goes to the bottom of it. Its hard to say but for me, I predict that Bitcoin will go near the 5-6k$ in the next weeks. This is not a bull run or a bull trap. Its just a small price increase followed by a correction and that is normal already for crypto market.
Its a small correction and the price is still coming back to $8k level, so there’s no need to panic. Don’t sell if this is your emotion, sell if its your target price. I still see a bull trend and not a bull trap anymore, we can have lots of profit if we do wait and hold.
There was a big drop that happened today more than 10% price change in the the prices of all coins. I am guessing this was the the correction that was supposed to happen after this bull trend. It was evident that the market was getting inflated by manipulation means or just something that we are not aware of yet, but a drop was coming. If the growth was organic then the bulls should push back the bears and recover.
To be fair, it's not just bitcoin who suffered a major correction today, almost all of the crypto coins are also going down more than bitcoin.
There was a lot of support/resistance going on, specially when we breach $8k. But that was it, no more money coming in the market as investors chooses to pump altcoins by that time. So it lead to the price having a pullback. But I doubt we will go below $7k levels, the price is holding up at $7.3 so there's enough time for the bulls to push the bears in the next coming days.
Its a small correction and the price is still coming back to $8k level, so there’s no need to panic. Don’t sell if this is your emotion, sell if its your target price. I still see a bull trend and not a bull trap anymore, we can have lots of profit if we do wait and hold.
There was a big drop that happened today more than 10% price change in the the prices of all coins. I am guessing this was the the correction that was supposed to happen after this bull trend. It was evident that the market was getting inflated by manipulation means or just something that we are not aware of yet, but a drop was coming. If the growth was organic then the bulls should push back the bears and recover.
Major decline has happened today, bitcoin is down over 10% already and I hope this is not a result of the bull trap.
7 days low is $6280 and high was $8300, so this could just be a correction since we got good increase for the past 7 days.
Bitcoin today down below $7000 but I'm glad it's back to over $7K now.
Hopefully the dumpers are done, let's see from here if there will be a bounce back uptrend.
7 days low is $6280 and high was $8300, so this could just be a correction since we got good increase for the past 7 days.
Bitcoin today down below $7000 but I'm glad it's back to over $7K now.
Hopefully the dumpers are done, let's see from here if there will be a bounce back uptrend.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
After a long bullish trent it is so hard to differentiate price correction and trap,so we just have to go with our instinctQuote
.Myself choose the long term and contiue to hold even if the price reaches sloghtly below because we have to remember we started this year at $3000 and now reached upto $8500.
Well same strategy to put specific time to when withdrawals must be and I am for 5 years,half of my folio is designed for long term holding and the other 50% is by chances of what the market brings upon my sight,if I think it’s enough then I cash out simply as that
I'm weighing the situation during the sudden rise of bitcoin but I don't think this ain't a trap anymore.
If this is a bull trap, I don't think that this is going to be that high as high as $8k.
We may see some corrections but that won't be that much that will lead the bull into a trap.
And with your investing decisions, ask yourself many times and don't depend on others point of view about the market.
If this is a bull trap, I don't think that this is going to be that high as high as $8k.
We may see some corrections but that won't be that much that will lead the bull into a trap.
And with your investing decisions, ask yourself many times and don't depend on others point of view about the market.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
It really is at your discretion for two reasons:
1. It's your money
2.- Your goals only you know.
Depending on this, analyzing your objectives can range from wanting to operate in the market or investing until the bitcoin market rises.
For the option to operate daily the market is framed in having a lot of risk, and requires that you have a lot of knowledge to operate the market and that you have success in it. To do this you must track various Exchanges, the main Exchanges that move the market, you must also bear in mind that it is always exclusive to know what values the market volume has, the order book that each Exchange shows you, you must take into account How the market goes down or up, if it has a lot of sales or purchases, are details that you have to take into account for your analysis.
If you fit into the investment you must take into account that you must do everything possible to not sell what you invest cheap, because you would lose time and money, and you must take into account that it takes a long time to see the benefits.
It's a Bull and we're the one who put our self into worries, we must not expect that this Bull will be like 2017,but it will approach into some better amount in a much smooth process.
That is what i thought before we had the 3k jump we just expirienced 
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
If you are afraid when the bull market appears, you should withdraw from the market at the moment. Prices rise too fast, and this may be a big trap for you, and fear is natural reactions. You are worried about risk, and you can sell your BTC, keep your money until the market decreases. But I believe Bitcoin is doing what it has to achieve and the price may not fall back. Jump to: