Crash recoveries are not moons - page 7.

The Sceptical Chymist

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Quote from: Kemarit on July 25, 2018, 08:26:47 AM

You haven't lost if you haven't dump your bitcoins already.

I don't buy into that line of thinking. It's true that you haven't had an actual loss if you didn't sell, but you still have a paper loss, and that's just as bad IMO. Bitcoin is only worth what the market says it is, and if you bought at $20k, you're in the red whether you sold below that price or not. It's kind of like saying you haven't made money unless you sold. Mark-to-market accounting would suggest otherwise.

I do agree with what's stated in the title. This "moon" idea has been floated around for years, and what we're seeing right now is just a little recovery, and none of us knows whether it's going to be sustainable. It does seem to be gradual gain rather than exponential growth (so far), so that's a good sign.

legenduim

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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 agree. For short-term trading this can be good. But when people bought coins at the beginning of the year at a very high price they understand that it will take a long time to wait for growth.

nl247

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Quote from: gabmen on July 25, 2018, 06:49:24 AM

Quote from: pinoyden on July 25, 2018, 05:41:06 AM

Quote from: TheReverend on July 25, 2018, 05:36:22 AM

yeah i think so, market down 20% then go up just for 1-10%we still lose our asset,that i mean im not recomend day trade,except if u are pro trader.
better buy and hold for 1 or 2 month.

you only loose if you bought cryptos at a high price . but for those who bought cryptos at a low price , they dont loose anything as well as the people who dont buy cryptos at all . and if you look at the price histry of cryptos , you can see that cryptos this year is still higher when compared to thier price on the past years ever since 2009 . so overall , we should still be thankful because cryptos are actually improving and more people are now already recognizing the use of it .

Well here's the thing, if you bought bitcoin close to it's all time high, you haven't lost yet. There are investors that believe btc can exceed that ath in time and they're willing to wait it out. Those people that talk about mooning with the slightest sign of an upward trend would have to reconsider their outlook towards crypto trading and investing.

The issue a whole lot of newbies always have is due to the fact that they had the wrong reasons for investing in the first place which is wanting to get rich as fast as possible which obviously affected all their outlook like you said towards investing and trading cryptocurrencies. This is one outlook that will be hard to just discard unless they figure out a way to remove that mindset of getting rich quick which is also the reason why they join FOMO pretty fast, want to trade the market without knowledge and assume that every slight move should start with a bullish move.

lelahkenabanned

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just calm bitcoin prices will definitely experience a price recovery you just need to prepare yourself to be able to make a withdrawal of profits.

cryptoteen

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Bitcoin is back. The world's biggest and best-known cryptocurrency is recovering from its recent crash, which saw it lose two thirds of its value from its $20,000 peak in mid-December. On April 6, bitcoin slumped to just $6,620, with rival alt-coins such as bitcoin cash, ethereum, litecoin, ripple by XRP and dogecoin also plunging back to earth after hitting dizzying heights in 2017. Could they still “fly to the moon”, to use the jargon favoured by cryptocurrency investors, and make you rich? Or should you do the sensible thing and shun this terrifyingly volatile asset class?

VclDm

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To talk about the current crypto market, it will probably be one of the most potential markets, maybe in the future the value of the coin will continue to rise. And if so, whoever holds the patience will be one of the great things

Kemarit

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Quote from: gabmen on July 25, 2018, 06:49:24 AM

Quote from: pinoyden on July 25, 2018, 05:41:06 AM

Quote from: TheReverend on July 25, 2018, 05:36:22 AM

yeah i think so, market down 20% then go up just for 1-10%we still lose our asset,that i mean im not recomend day trade,except if u are pro trader.
better buy and hold for 1 or 2 month.

you only loose if you bought cryptos at a high price . but for those who bought cryptos at a low price , they dont loose anything as well as the people who dont buy cryptos at all . and if you look at the price histry of cryptos , you can see that cryptos this year is still higher when compared to thier price on the past years ever since 2009 . so overall , we should still be thankful because cryptos are actually improving and more people are now already recognizing the use of it .

Well here's the thing, if you bought bitcoin close to it's all time high, you haven't lost yet. There are investors that believe btc can exceed that ath in time and they're willing to wait it out. Those people that talk about mooning with the slightest sign of an upward trend would have to reconsider their outlook towards crypto trading and investing.

You haven't lost if you haven't dump your bitcoins already. But I'm sure that newbie investors, those who bought the hype around December have opted to get out and cut their losses. Day trade is different though, you can't just jump on it and thinking that you will gain 1%-5% daily, it ain't happening. Any daily increase though might not be a good indication, because it could be a bull trap or just a dead cat bounce. As for people shouting "mooning", they are also the first one to bitch out when the price suddenly declines. LOL. Grin

Koro-Sensei

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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.

For some yes but with special conditions. Though it rarely happens a while or so but the probabilities won't be even considered if calculated thoroughly. Crash can be recovered for a while but not all the cryptos can do that so do be careful not to rashly invest all of your money into random coins.

shoreno

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As far as i know , moons are the state of cryptos in which they are increasing that leads to reaching their new ath . while on the other hand , crash recoveries are only a slight increase of what the coins have lost .

Quote from: culuuton on July 25, 2018, 06:15:41 AM

People are happy when the price rises, they say "go to the moon" but its meaning is not so. A slogan needed to continue holding the coin. Grin

Lol . that was freakin hillariuos . the price are only going to the moon because it is rising but not the people .

Quote

A slogan needed to continue holding the coin. Grin

Slogan are nothing. if you trust the coin , then you just hold it without depending on any other factors .

gabmen

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Quote from: pinoyden on July 25, 2018, 05:41:06 AM

Quote from: TheReverend on July 25, 2018, 05:36:22 AM

yeah i think so, market down 20% then go up just for 1-10%we still lose our asset,that i mean im not recomend day trade,except if u are pro trader.
better buy and hold for 1 or 2 month.

you only loose if you bought cryptos at a high price . but for those who bought cryptos at a low price , they dont loose anything as well as the people who dont buy cryptos at all . and if you look at the price histry of cryptos , you can see that cryptos this year is still higher when compared to thier price on the past years ever since 2009 . so overall , we should still be thankful because cryptos are actually improving and more people are now already recognizing the use of it .

Well here's the thing, if you bought bitcoin close to it's all time high, you haven't lost yet. There are investors that believe btc can exceed that ath in time and they're willing to wait it out. Those people that talk about mooning with the slightest sign of an upward trend would have to reconsider their outlook towards crypto trading and investing.

culuuton

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People are happy when the price rises, they say "go to the moon" but its meaning is not so. A slogan needed to continue holding the coin. Grin

SolomonSollarsNSense

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Quote from: iram701 on June 21, 2018, 05:41:34 PM

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.

Those stuffs you guys are calling recovery are bear flags and that does not show anything else than the market is still in a huge downtrend and shows a possibility of falling down lower.
They are just patterns and that does not mean the market is trying to pick up or have a bounce but when there is indeed a bounce, I am sure it would be pronounced enough with high volume on break out most of the time. For now, there is nothing like moon. What claims being made now a days, I am believing that bitcoin has already started to touch moon. Soon, we may see bitcoin prices to test $10,000 levels and that may happen in few days also.

pinoyden

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Quote from: TheReverend on July 25, 2018, 05:36:22 AM

yeah i think so, market down 20% then go up just for 1-10%we still lose our asset,that i mean im not recomend day trade,except if u are pro trader.
better buy and hold for 1 or 2 month.

you only loose if you bought cryptos at a high price . but for those who bought cryptos at a low price , they dont loose anything as well as the people who dont buy cryptos at all . and if you look at the price histry of cryptos , you can see that cryptos this year is still higher when compared to thier price on the past years ever since 2009 . so overall , we should still be thankful because cryptos are actually improving and more people are now already recognizing the use of it .

TheReverend

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yeah i think so, market down 20% then go up just for 1-10%we still lose our asset,that i mean im not recomend day trade,except if u are pro trader.
better buy and hold for 1 or 2 month.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ballerin and giroud on July 22, 2018, 07:10:05 AM

A good prediction, after the crash the price of crypto currency will try to change the trend or at least increase in a few days. And this is happening now, bitcoin prices grew a few percent after crashes a few days ago and now signal up will still continue. If you look at price movements now, I just believe bitcoin prices will touch $ 10,000 in August, we can see that later.

It may even touch 10k before August, no one can say for sure. But August is the safer bet because of the bitcoin ETF happening we might see people stocking up on bitcoin before it and then a dump after a few days. This is not a healthy growth of price though. The market is swelling with money coming in from young blood who are naive about the rise and fall cycle of bitcoin hence expect some bloodshed market by next week.

My suggestion would be to hold at the moment. Buying is no longer feasible at this price, though you can do so if you want it badly.

ballerin and giroud

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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.

A good prediction, after the crash the price of crypto currency will try to change the trend or at least increase in a few days. And this is happening now, bitcoin prices grew a few percent after crashes a few days ago and now signal up will still continue. If you look at price movements now, I just believe bitcoin prices will touch $ 10,000 in August, we can see that later.

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Quote from: hannahboy on July 17, 2018, 01:06:30 AM

if the price reaches to $20000, it will not be moon for the price but it will recover its previous highest price. The moon will start from that point. It will take long time and only cool people can wait till that time. I have also invested for long term and will wait till the price reach to $25000.

You may find your party soon. I am also expecting a new ATH within this year that may be your target or beyond that also. But most people here are not understanding the nature of bitcoin markets. We were in a bear trend and all these things are normal and the same way most times we get to see some corrections during an uptrend is also something that should be expected. Yes, I am denoting the overall uptrend of entire bitcoin market in long run. Nothing is new and it happens in every other market. When there is a full recovery, we will get to know but rather than call these flags recovery, it is just some little bit of correction during the downtrend and nothing new about it. Crashes and recoveries are just the nature of market behavior and we cannot be relax about them as they may happen at any time and in random manner too.

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So anyway, I applied as a merit source :)

Quote from: MiukoOk on July 12, 2018, 04:57:32 AM

This time for the coin to rise again and to the moon is impossible, I think it will be very difficult for us, so I believe the market will grow again in the next year.

Just yesterday there has been a price rise from 6800 to 7400$. If you were wise you would have taken advantage of this opportunity to buy some bitcoins at the low and then sell at 7400$. I am expecting a drop to happen at 7500$ if some people start selling too much, or if everything goes nicely then we might see 8k USD very soon this weekend.

Quote from: hannahboy on July 17, 2018, 01:06:30 AM

Yeah you are right if the price reaches to $20000, it will not be moon for the price but it will recover its previous highest price. The moon will start from that point. It will take long time and only cool people can wait till that time. I have also invested for long term and will wait till the price reach to $25000.

LOL 25k wont happen anytime this year. Maximum we can dream of is 20K touching again but it wont sustain much long.

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Quote from: Giratina on July 10, 2018, 02:55:16 PM

Actually all crash can be recovered once the compay perform a better actions from this and many people have been supported the services they offeere in the public or the world trade market

Yeah you are right if the price reaches to $20000, it will not be moon for the price but it will recover its previous highest price. The moon will start from that point. It will take long time and only cool people can wait till that time. I have also invested for long term and will wait till the price reach to $25000.

MiukoOk

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This time for the coin to rise again and to the moon is impossible, I think it will be very difficult for us, so I believe the market will grow again in the next year.

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