Crash recoveries are not moons - page 10.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: pitiflin on June 21, 2018, 05:46:42 PM

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

You cannot just say that recoveries are not a good sign for a market. There are various factors that affect the recovery. Hell, various factors affect what you say. Sometimes, if not most of the times, they are good. The rest, they are bad.

One main factor is that, sometimes recoveries are not a good sign if a coin is only meant to be pumped and dumped. Take XVG for example.

Having a short correction is not a bad thing for the market and when you see a market that just keeps going down without those corrections shows a high level of weakness in the market and possibilities of a crash. This was the exact thing happened in last year December month.

The little flags that are shown is just to let us know the bulls are in a way still trying to fight back but too weak to do so until the moment will come when there would be enough to strike back and that is what volume most of the time usually depicts but there is nothing wrong with the market at all.

Dukjila

newbie

Activity: 238

Merit: 0

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

Still, the percentage of Bitcoin's dominance in the market does not decrease, but it grows, so investors buy up Bitcoin, in the hope of growth and will soon raise the stakes to fix profits.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: MainIbem on June 21, 2018, 08:19:43 PM

Speculation has got everyone wanting to see the market high up there, not minding what damage it is causing the entire cryptocurrency ecosystem.

What do you have in mind about damage to the ecosystem?

Quote from: Ronaldcoin2017 on June 21, 2018, 11:26:25 PM

I agree on that, we need to be more practical. Tbis dropping of the bitcoin price is not new yo us, i see that we have been experience this before from the past few year from now but ot will still recover at last. So then the best thing to do right bow is maybe to hold with patience and we must stop looking at the proce chart to avoid unnecessary feelings.

Best thing to do now is to go to sleep and stop looking at the market any more. Put an alarm clock that would ring only when the bull run starts so that you can sell and make some cash. In case you are feeling adventurous then place some buy orders with prices of 6.5k USD and then stock up on bitcoins. Its all a part of the cycle.

Quote from: Tory-Tory on June 22, 2018, 04:50:44 AM

This can be either a positive sign or a negative sign (for example a fall correction). The market can then fall through again which has been happening for several months.

What can happen is speculation. People can say anything while speculating. Maybe someone bought some coins and so market recovered a bit.

Tory-Tory

member

Activity: 196

Merit: 10

“Blockchain Powered Clinical Trial Management”

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

This can be either a positive sign or a negative sign (for example a fall correction). The market can then fall through again which has been happening for several months.

Ronaldcoin2017

sr. member

Activity: 1148

Merit: 300

Quote from: audaciousbeing on June 21, 2018, 03:22:13 PM

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

I think I would agree with you but not on the irritating part because people should be entitle to interpret current happening to the best of their ability and be hopeful with it without being judged. Most times we express false hopes thinking because of such marginal increase then all is green till the foreseeable future forgetting that its just normal market forces at play. The source of those false hopes to me is because everyone is eager to see a boost just like people waiting for a rain and the moment there is huge breeze to suggest rain is about to fall, everyone is happy ready to get the maximum. That's when you see series of threads opening up for the same reason on increase and when it didn't happen same threads turn to prophesying about death to bitcoin. The circle is repeated all over again.

I agree on that, we need to be more practical. Tbis dropping of the bitcoin price is not new yo us, i see that we have been experience this before from the past few year from now but ot will still recover at last. So then the best thing to do right bow is maybe to hold with patience and we must stop looking at the proce chart to avoid unnecessary feelings.

MainIbem

sr. member

Activity: 1316

Merit: 379

Fully Regulated Crypto Casino

Speculation has got everyone wanting to see the market high up there, not minding what damage it is causing the entire cryptocurrency ecosystem.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

You cant blame people and get used to it for those people who do react even on a small increase percentage on bitcoins price or on any altcoins in the market. Being optimistic or hopeful is always been part of the of human nature.If you are irritated then this cryptomarket would just stress you out because you can really remove or do avoid those people who do make such reactions.Therefore just neglect it and move on.

cryptolidus

member

Activity: 406

Merit: 10

We have to be patient and be prepared for every scenario. The bearish market is stressful and the stagnation is boring but we have to remember that it can last for several Years ( like it was from 2013-2017) Many of us will give up on Crypto and only the patient ones will win and winners will take it all.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

You cannot just say that recoveries are not a good sign for a market. There are various factors that affect the recovery. Hell, various factors affect what you say. Sometimes, if not most of the times, they are good. The rest, they are bad.

One main factor is that, sometimes recoveries are not a good sign if a coin is only meant to be pumped and dumped. Take XVG for example.

3la9l_kolbaCa

sr. member

Activity: 952

Merit: 250

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

Indeed, we must stay on the fo while the price was showing minimal recovery and possibly it was just some part of the crypto corrections in parallel with bitcoin value. The perceptions on the price value was a great signs when it could blew up our minds upon noticing the price pump successively in the next few days. However we should take this opportunity right as we buy new coins to hold, do it now while the value was still cheap in the exchange markets.

iram701

member

Activity: 105

Merit: 10

Yeah it is not good sign for me, 1% -2% recovery in a day really bad for me because i want to see the crypto recoveries not happen today. I want to see the crypto keep fall, so i can collect crypto in cheap price. Hope that it will happen again, because that was good chance to catch the ticket for tomorrow trading.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: nsasuiteb on June 21, 2018, 02:08:27 PM

It is definetely not, 1-2 % increase after a crash is normal, it is not even an increase but if you buy at a dip and hodl the coin for few months you can make more than 10-20% profit.

It's not as easy as you might think. If you did that in the more recent months, you would have ended up not making any profits at all. Never underestimate the market when it is going down, because as low as you might think the price is, it can always go much lower than that. In other words, the timing as always is the most important aspect of making profit in this market. You can't just blindly buy a dip thinking it will automatically result in profits just because it is a dip. The far majority of the dips in the recent months have turned out to be very bad entry points....

Encrypt01

newbie

Activity: 22

Merit: 0

Crash recoveries are definitely not moons but I'm still optimistic in general. Now It seems the market will only turn bullish at the 4th quarter of the year. At the end patience wins.

cryptowolfsu

member

Activity: 476

Merit: 10

It cannot be called recovery but every positive sign can be a start of the recovery. I can understand that some of us are losing their
patience and expecting the market to bounce back, but it is still not happening and they are frustrated.
It is also a good sign that the market today has not reacted negatively on the hack of Bithumb.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

I think I would agree with you but not on the irritating part because people should be entitle to interpret current happening to the best of their ability and be hopeful with it without being judged. Most times we express false hopes thinking because of such marginal increase then all is green till the foreseeable future forgetting that its just normal market forces at play. The source of those false hopes to me is because everyone is eager to see a boost just like people waiting for a rain and the moment there is huge breeze to suggest rain is about to fall, everyone is happy ready to get the maximum. That's when you see series of threads opening up for the same reason on increase and when it didn't happen same threads turn to prophesying about death to bitcoin. The circle is repeated all over again.

shinchan123

full member

Activity: 504

Merit: 100

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

Yes, indeed. It's good that the market is recovering somehow after a great crash. However, do not consider it as a sign of a market recovery, since the market crashed heavily and a little recovery does not even meet the amount of percentage it dipped compared to the past market value of cryptocurrency.

wantjokull

sr. member

Activity: 700

Merit: 275

Quote from: nsasuiteb on June 21, 2018, 02:08:27 PM

It is definetely not, 1-2 % increase after a crash is normal, it is not even an increase but if you buy at a dip and hodl the coin for few months you can make more than 10-20% profit.

Obviously it is just few % which is also getting added up by the new investors that may wanna try the crypto world now. Roll Eyes

People are always and will be misleading in all senses. They have never understood the criticality of the market when it sinks at the bottom. When any coin reaches its bottom then either it will take very long time to rover itself with lots of ups and downs and kinds of 1-2% on the way. With single green candle the whole prediction can never be done and those who does is just not the real investor for sure.

nsasuiteb

full member

Activity: 406

Merit: 100

BAILOUT

It is definetely not, 1-2 % increase after a crash is normal, it is not even an increase but if you buy at a dip and hodl the coin for few months you can make more than 10-20% profit.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

I think it depends on the reason why it crashed. If its something like what happened last year when China announced ban of ICO's after the 2017 ghost month, it took a few weeks when market started to pick up and Bitcoin hits all time high by December. If its after a site has been hacked same thing, market will react for a while but it will soon recover. Recovery maybe slow but at least it is recovering.

yesyes18

member

Activity: 546

Merit: 12

Quote from: OriginTrain on June 20, 2018, 11:12:14 PM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

That's true. That's what I refer to as the lower greens. The small increments we see are just camouflage we see and they are not a true recovery. Recovery is when you get back to your initial state.

Topic: Crash recoveries are not moons - page 10. (Read 1894 times)