The current market situation is very unpredictable. Nobody can tell what would happen next. In my opinion, when you are dealing with crypto, you have to take some risk to gain high profits.
Not that much complicated but traders are having a great time in the current market conditions of Bitcoin after the price movement. The focus of traders is to sell their coins after a 1k dollar increase and they are doing so making profit but some traders are not doing that way. They are holding their coins to let the market shifts into a complete bull run as well as they are also looking to buy some more coins. 
Topic: Bull or bull trap - page 7. (Read 2087 times)
Long way? I am more optimistic now that $10,000 will be achieve soon.
What Bitcoin needs to do is just break the barrier or resistance and then we can sour high.
W have stayed at this price longer already, but we never go down.. hmm. we did once but easily recovered.
Next price action would be pump, then reaching $10,000 would not be that hard anymore.
I was not prepared to believe it but after seeing the performance since April and even the way it fought the crash of price that happened so suddenly and took everyone by surprise,,, I guess now I will say that I can change my mind about 10000 and with more than half of the year left to see this out, I cannot see why not? It is closer to 10k than it is to 5k.
I see this is not a bull trap, this is a real bull and this will continue until 2020, so if you think this is a trap of bulls I think it is inconsistent and we should see this bull in the near future.
Same here too, bull trap or no bull trap, what is more paramount to me right now is that fact that the bear market is over and we are now in a bullish trend which I know that this bullish trend will not come without its own challenge because the bears will fight it too.So the best way to stay safe is just to continue holding our coins till we see that the bulls have completely gained the run space. Before the bull can completely gain 100% dominance of the market will be towards next year, while this year remains between green to some level but not the bull peak.
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
Well, if I were you better for you to buy now before its too late. And besides even you don't buy, for sure in the end you will oblige to buy, so which one do you like? Because, in my opinion better to hold more a little bit of your coins, because if you cash out it would be a trap for you which in the end you will regret and blame yourself why you do it?
Buying now is recommended as the bullish trend has just begun, losing last year should not stopped him from buying now.
Making the right decision is what makes you earn, and if we accumulate now, we are not doing it at peak, we are doing it at dip.
Bitcoin has rise already, so you can consider some altcoins as there are more altcoins in the market that hasn't increase yet and might increase at this time.
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
Well, if I were you better for you to buy now before its too late. And besides even you don't buy, for sure in the end you will oblige to buy, so which one do you like? Because, in my opinion better to hold more a little bit of your coins, because if you cash out it would be a trap for you which in the end you will regret and blame yourself why you do it?
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
I don't really think this is the right time to cash out. It will be best if you can still have more patience, though another thing is that I don't even know when you invested your money. When you invested your money is another thing you should also consider in making this decision. Let me assume you bought at $3000 - $4000, then this shouldn't be a time to cash out cause you're still holding some profits and even if the price drops down to $5000 you're still in the position to cash out with some profits. But I'm very sure that the market is not going to crash at anytime soon. There is still much time and the market is still going up. 
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.
Just to be clear, I hope for a continuation of the bullish run.
I wouldn't say trap, because understanding that context, a trap is something that's leading you to something good on the outside, but totally different and ominous on the inside. With that definition, I wouldn't say that the current bull run can be treated as such, because in the cryptocurrency market, I can say that what you see is what you get. The value it's been running now, is not like baiting us to invest in it, only to see our investments fall apart in the end. We all know, by now, that cryptocurrencies have that trend and tendency, thus, as much as it is gaining now, we still have to plan ahead and not be complacent to be not be baited in the so called trap you're speaking of. I think, if you will stay in the comfortable place it's in right now, you would have to regret that later when it begins to wane.
I see this is not a bull trap, this is a real bull and this will continue until 2020, so if you think this is a trap of bulls I think it is inconsistent and we should see this bull in the near future.
Often to experience any downfalls but it is a part of crypto journey, we get into strong because of this things. If people are thinking that this a bull trap, then let be. That's their market interpretation and can't push them to believe of what we think to day. Either this current trend we have is a trap or not, I will still accept it no matter what will happen.
No one can tell, but I can definitely tell that it will be no time you should be all in or out, there is always theoretically some points you should be all in for sure but in practice making such decision not different than gambling.
Exactly it is far easy said than done. What I prefer is to keep my head in the tent with my feet out of the tent. One should withdraw the profits when there is a rise in the market value of the coins you HODL. With this, the coins you HODL should not leave the market for ever for there could be more addition to that. This is a good way to make money in crypto. 
I see this is not a bull trap, this is a real bull and this will continue until 2020, so if you think this is a trap of bulls I think it is inconsistent and we should see this bull in the near future.
I can't fully agree. For me this isn't a real bull run. Price will continue to fluctuate and some corrections like this the other day will continue to happen. Price will not go only straight fiorwadd, this couldn't be expected and to my opinion there is still a long way to go until Bitcoin reach 10000$ or more again.
Long way? I am more optimistic now that $10,000 will be achieve soon.
What Bitcoin needs to do is just break the barrier or resistance and then we can sour high.
W have stayed at this price longer already, but we never go down.. hmm. we did once but easily recovered.
Next price action would be pump, then reaching $10,000 would not be that hard anymore.
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
It depends on investments. You should take into account the prices of altcoins during the time you bought them and their costs now. If you see that the returns can be great, and you need money urgently, you can sell alts. I am going to hold crypto longer.
If there is any physical asset to exchange for cash you may use that in your hard time. Please do not loose the money on investing it over any cheap coins after you sold and got the money. Better you can hodl the coins as long as you can.
If there is big needs or big price falls and breaks the last peak value then you may sell your bitcoins.
I see this is not a bull trap, this is a real bull and this will continue until 2020, so if you think this is a trap of bulls I think it is inconsistent and we should see this bull in the near future.
I can't fully agree. For me this isn't a real bull run. Price will continue to fluctuate and some corrections like this the other day will continue to happen. Price will not go only straight fiorwadd, this couldn't be expected and to my opinion there is still a long way to go until Bitcoin reach 10000$ or more again.
I see this is not a bull trap, this is a real bull and this will continue until 2020, so if you think this is a trap of bulls I think it is inconsistent and we should see this bull in the near future.
Occasionally price will go down, like it did couple days ago when we saw a drop to 7300 dollars. Bitcoin never had straight line to up, it`s always some rising, some dropping, it`s what make people to love bitcoin trading, there isn`t anything else that can wake up adrenaline in you, especially when you have bitcoins and you trade with them.
We will see what will happen, be ready for everything and only like that you can survive in long term, prepare yourself for every scenario, only trap we have is in our heads.
I see this is not a bull trap, this is a real bull and this will continue until 2020, so if you think this is a trap of bulls I think it is inconsistent and we should see this bull in the near future.
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 depends on investments. You should take into account the prices of altcoins during the time you bought them and their costs now. If you see that the returns can be great, and you need money urgently, you can sell alts. I am going to hold crypto longer.
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 depends on investments. You should take into account the prices of altcoins during the time you bought them and their costs now. If you see that the returns can be great, and you need money urgently, you can sell alts. I am going to hold crypto longer.
The current market situation is very unpredictable. Nobody can tell what would happen next. In my opinion, when you are dealing with crypto, you have to take some risk to gain high profits.
Honestly at this point, I think we just have to learn to take risk but a reasonable one, because even experts cannot tell exactly what will happen in the crypto market.The only thing I can guarantee about bitcoin is that no matter the risk we take now, our risk will in bitcoin will be worth it in 2 or 3 years’ time to come, but for other investment in altcoins, one cannot just take risk in them without carefully studying their market and having full assurance that they will survive in future.
I know bull will always manipulate the market, but no matter how much they manipulate, bitcoin too has some genuine factors that has the ability to increase its value in future.
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 depends on investments. You should take into account the prices of altcoins during the time you bought them and their costs now. If you see that the returns can be great, and you need money urgently, you can sell alts. I am going to hold crypto longer.
We have seen this kind of movement before, so I don't know what people are still surprised with these kind of movement. There will be always some traps along the way. And it's really up to us how we are going to adjust if such predicament is presented to us. If you aren not comfortable about the recent changes then, get out and book profits so that you won't fall for the trap.
Listen, whoever consider it a trap then he may not do make money professionally but he will always trade in fear and risk. The current downfall in price is not much serious but the price has recovered again today which is 7984 US dollars. The increase in price shows that all the traders who believed in the Bitcoin and hold their coins are now in profit again so they know that there is some chance to make it. 
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
This time for cash in, don't be afraid to buy bitcoin now because this bitcoin will reach the higher price level before crash again. No bull trap, the market normaly go up and down, but one thing that you have to keep in mind is the price of bitcoin is still tend to rise although the volatility is very extreeme. Any investor with small fund can just cash out, take its profit and wait for the market to dip again for him to out the capital back, but they should pay attention to what I said and not miss quote me, that is why I have a clause that this is suitable for those who are not long term holdler because this method of taking profit can really make a long term holder miss the big profit if care is not taken.
Jump to: