Chasing the bull run | Bitcointalksearch.org

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Quote from: maxreish on May 05, 2020, 07:29:14 PM

We need strong technical analysis. Chasing the bull run wis a tricjy strategy and we can't really say if it's really a bull or a bull trap.

I consider it to be a form of trading, sort of like a reverse shorting of the market.
And to trade using any strategy one needs good technical and fundamental analysis of the market in order to read it's movement and each also comes with its fair share of risks and would surely not work every time. Make sure to use the basics of trading:
•Practice, do not dabble into it.
•Invest what you can afford to lose.
•Manage your capital.

This topic has been extensively discussed, so I'll be locking it now to prevent hackneyed replies. I may bump it in the future if any new info pops up. Thanks for all the contributions.

maxreish

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What i am afraid of is that "reversal" you are saying. Sometimes, when we chase the peak the other way or the opposite way goes around and that will make us being deficit at the end. But yeah we can try that strategy since we still have one option if reversal happens. And that is to hold.

We need strong technical analysis. Chasing the bull run wis a tricjy strategy and we can't really say if it's really a bull or a bull trap.

Utoy101

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Quote from: Upgrade00 on May 02, 2020, 04:18:14 AM

What did you think of this strategy?

To be honest, the market haven't seen any tangible bull run since the last ones that happened in 2017/2018. So basically, anyone that is using this strategy is subjected to a hige loss and account burn. The market is highly unpredictable and in bearish condition like this, fomoing on a coin is a bad thing to do. The fact still remains and it's still working, buy the rumour, sell the news

XCANA

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What I always say to those who called themselves expert in trade, many of these categories are those who chase after bullrun. The bullrun always come with new investors and mano these investors are the ones use for the sacrifice (dumping ground) during the season of the bullrun. Although, some traders act on a short-term holdings when the bullrun is activated because of the fear of the unknown. So, chasing after bullrun has it negative part on new investors. I have noticed that, after bullrun many are left with coins while the price get dumped.

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Quote from: Kasabus on May 05, 2020, 12:35:57 AM

Quote from: Yamifoud on May 04, 2020, 09:33:10 PM

Usually, many new investors will jump into the market when the prices started to move high and that probably because they are thinking that it is a continuous movement. I supposed to think that also before but knowing the volatility and unpredictable market I have to step down.
And that was unfortunate enough that these newcomers have usually fallen into the bull trap. Then I have to give hope that they could realize it before sundown because I'm afraid if FOMO might start.

Once a new spike in the market price happens, everyone will already expect that bull run will next to happen and that market price will continue to surge. But there is no guarantee that this will really happen because a new bull trap may occur instead of bull run. So it would still be a good move if you start buying at a dip price and sell it when the price is already high.

It is uncertain whether this spike will surprise or not because until now bitcoin is still stuck at $ 9,000 and it is usually already a high spike after reaching the halving target again.
I think volatility is still high but still there is no change but I buy a little from now and will wait for the next week how will the reaction later if this will surprise us? FOMO is not a problem for me at this time because my prediction is strong at halving.

jrrsparkles

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Chasing the bull run can lead you to get trapped by manipulations. Cheesy

So its always good to go for the better over the fastest, you may get returns 7/10 while following this strategy but the remaining 3 is still dangerous which might result into complete loss of your capital.

thesmallgod

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I had used this strategy and the only problem I face was that it backfires when the price drop considerably. It affect the ETHbull I was trading and my profit drop hard. Since then I have not been able to recover and I'm hoping the halving makes the price to go wide and I'm in profit again

Cratoon

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These runs tend to change directions suddenly, so it's always best to plan ahead before making a rush decision when you see a growth on the market. Either way use of some tools like investing.com makes you be able to see ahead and base your decisions on the data analysis.

Kasabus

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Quote from: Yamifoud on May 04, 2020, 09:33:10 PM

Usually, many new investors will jump into the market when the prices started to move high and that probably because they are thinking that it is a continuous movement. I supposed to think that also before but knowing the volatility and unpredictable market I have to step down.
And that was unfortunate enough that these newcomers have usually fallen into the bull trap. Then I have to give hope that they could realize it before sundown because I'm afraid if FOMO might start.

Once a new spike in the market price happens, everyone will already expect that bull run will next to happen and that market price will continue to surge. But there is no guarantee that this will really happen because a new bull trap may occur instead of bull run. So it would still be a good move if you start buying at a dip price and sell it when the price is already high.

Yamifoud

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Usually, many new investors will jump into the market when the prices started to move high and that probably because they are thinking that it is a continuous movement. I supposed to think that also before but knowing the volatility and unpredictable market I have to step down.
And that was unfortunate enough that these newcomers have usually fallen into the bull trap. Then I have to give hope that they could realize it before sundown because I'm afraid if FOMO might start.

Lizzylove1

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During the period bitcoin flash crash to about $3,500, I had not enough money then because of family needs I needed to meet. Currently what I do is to chase the bull run, when bitcoin drops momentarily, I know people are taking profit, I buy and wait for upward trend to sell. With this strategy howbeit risky, I made more than 60% profit for a newbie friend trading DGB.

Japinat

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Quote from: bitgolden on May 04, 2020, 12:49:49 PM

When we are talking about a 2 trillion give away from the government, it is obvious that some of it will go to stocks. Plus, there must have been a lot of rich people who just thought there is no way they are going to pass up on that price and just went hard on stocks as well.

They are bailing out the stocks too, because if the stocks looks bad, it's a mirror and people will think that the economy looks bad.
I don't know if we can still trust them, they even say that they will never ran out of cash and that statement alone could cause some worries to those who really understand the financial system and how it works. We will not feel it now but in the future this will all slowly reflect to our economy which people will pay for this, so I guess investing now in crypto or in bitcoin particularly is a good strategy to hedge the fall of fiat.

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People do put in a lot of money into stocks because a lot of people got free money during this period. If there was no give always from the government they wouldn't do this kind of stuff at all, however since they got free money, if you do not really need it, what else are you going to do with it? Some people really need it and spend it to survive, some people do not need it so they spend it on new phones or tv's and all that stuff, and some people are smart and not need it so they spend it on stocks.

When we are talking about a 2 trillion give away from the government, it is obvious that some of it will go to stocks. Plus, there must have been a lot of rich people who just thought there is no way they are going to pass up on that price and just went hard on stocks as well.

Oasisman

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Quote from: slaman29 on May 04, 2020, 02:58:53 AM

Quote from: hugeblack on May 02, 2020, 07:50:53 AM

The general rule is that the price goes against the expectations, so if you see investors running away from something, then this may be the best time to buy at the lowest possible price. Although I cannot confirm whether or not the price will rise.
Many people expect the price to rise during the second quarter of this year, but the advice may not be good as a collapse could happen at any time.
Therefore, I do not think that the strategy of "chasing a bull" is successful when the repetitions are large, it may succeed one or two times, but it will definitely lose in the hundredth time.

Is this why investors are pouring money into stocks instead of bitcoin at the moment? I mean if we look at the news of numbers economy looks really really bad and banks and WTO and IMF are singing in the same chorus but people are putting more not less money into stocks.

Should we be waiting for bitcoin news to be again bad before going in?

Some investors are indeed pouring a lot of money in stocks, at least for those who can afford to buy at this dire situation. Stocks are at a very low level, once It bounces back, then It will generate a lot of profit.
The same goes for Bitcoin when It dropped down hard during the rise of pandemic.
I'm afraid there's no more bad news that'll pull Bitcoin's price atm. specially now that the block halving is approaching.

michellee

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Chasing the bull run will not be a good idea, especially for people who don't know how to trade with the right. Besides of the chance to buy bitcoin or other coins at a higher price, you will feel stress to wait for the price to back to the price you buy because it will need some time before the price can back. The bull trap will fall behind the price because no one will know when the price will stop to rise. So if you want to chase the bull run, you need to have a good response with the market so you can move fast.

slaman29

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Quote from: hugeblack on May 02, 2020, 07:50:53 AM

The general rule is that the price goes against the expectations, so if you see investors running away from something, then this may be the best time to buy at the lowest possible price. Although I cannot confirm whether or not the price will rise.
Many people expect the price to rise during the second quarter of this year, but the advice may not be good as a collapse could happen at any time.
Therefore, I do not think that the strategy of "chasing a bull" is successful when the repetitions are large, it may succeed one or two times, but it will definitely lose in the hundredth time.

Is this why investors are pouring money into stocks instead of bitcoin at the moment? I mean if we look at the news of numbers economy looks really really bad and banks and WTO and IMF are singing in the same chorus but people are putting more not less money into stocks.

Should we be waiting for bitcoin news to be again bad before going in?

sana54210

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Honestly that is definitely the worst thing that could anyone do. Right now a lot of people are buying because the price increased, they should have bought when it was low. You should try to buy low and sell high. Some people really just thinks there is a FOMO increase and they buy in because they are afraid of missing out.

I understand the feeling, because a lot of people basically think when it goes up, it will continue to go up, when it goes down it will continue go down. That is not like that, the reality is price goes down so it goes up, it goes up so it can go down. With that being said I understand people who buy up when price goes high, that is why I really think that if you buy high and wait, you could still make money, just not too much and it may take some time.

Kelvinid

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Bullrun will come in a moment of time, yet we don't know when that is chasing into it will make no sense at all. I know that we all are wanting to make it happen again but somehow we don't have control over the market and this makes a reason not to think either. Besides, the Bullrun happen last 2017 is also an unexpected thing to see and that it surprised everyone. Think that the coming Bullrun will show the same, it all been still surprising.
We can't be expert in the market nor to see what is coming...shouldn't chase it but rather to keep waiting.

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Quote from: Upgrade00 on May 02, 2020, 04:18:14 AM

"What price is best to buy at?" and, "What price is best to sell at?" being at the top of the list.

When it comes to investing (in any asset) the ideal strategy would be; buying at the bottom and selling at the top.

Yeah, those are questions asked by pretty much all investors--and it's the whole key to investing, i.e., when to get in and when to get out. Only once in my lifetime did I see the perfect buy-in opportunity, and it was in the stock market in 2008-09 when the Dow had crashed to something like 6000. I was absolutely sure that the drop in value represented "the bottom"--and I was right. Unfortunately I was already in the market at the time and didn't have a lot of extra funds to invest more.

As far as crypto is concerned right now, I don't think it's necessarily a bad idea to chase this little bull run we're having. At the very least it could offer you a chance to make some short-term profits. I'm just not convinced this is the start of a bigger movement upward.

Yaunfitda

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I guess this strategy only works if you have lots of capital to begin with, so probably most whales do this kind of thing, called manipulation. But for average joe like the majority of us, the only way to make huge profit is to buy during bottom, i.e. $3200 last year and $3800 last March, during the crash.

And if whales are during this kind of strategy, pumping the market to make more profit, then obviously they will also cause the dump and sell off, rinse and repeat. So it will be very difficult for a mere casual trader to ride those waves. So it's better not to chase the bull run, but be prefer to buy during market dips.

Topic: Chasing the bull run (Read 249 times)