Crypto Market on the Rise, But Proceed with Caution! - page 3.

koang

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Quote from: wxa7115 on March 12, 2023, 01:03:03 AM

At this point we need to consider if it is worth it to invest in those stable coins when they are nowhere near as stable as they claim to be.

After all it is not as if we are talking about stable coins that no one has ever heard about and no one is using, USDC is the second largest stable coin only behind USDT, and if even such a coin can crash 12% in a few hours then it is obvious there is something terribly wrong with centralized stable coins and we must avoid them as much as we can.

The portion of USDC security in SVB is not large and won't put USDC under threat of collapsing.
However, this is an example of another reason to self-custody and hodl Bitcoin. Stablecoins and other S coins are dangerous due to being centralized.
But what people should understand is that all the problems with SVB have nothing to do with crypto or Bitcoin, and stop panicking.

wxa7115

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Quote from: Fivestar4everMVP on March 07, 2023, 04:12:27 PM

I believe all that OP said is what is currently playing out in the cryptocurrency market, Bitcoin was already proceeding to sitting above $25,000 before the unfortunate news of Silvergate crypto bank having issues, came crashing the whole market down again, I really thought we've gone past all the FTX collapse and all of its effect on the crypto market, but seems I was wrong.

But anyways, its what it is, I believe the bull run will come, maybe not this year, right now, I believe the market is giving everyone of us the opportunity to buy our preferred coins at very cheap prices, while we prepare for the bull market ahead.

At this point we need to consider if it is worth it to invest in those stable coins when they are nowhere near as stable as they claim to be.

After all it is not as if we are talking about stable coins that no one has ever heard about and no one is using, USDC is the second largest stable coin only behind USDT, and if even such a coin can crash 12% in a few hours then it is obvious there is something terribly wrong with centralized stable coins and we must avoid them as much as we can.

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I believe all that OP said is what is currently playing out in the cryptocurrency market, Bitcoin was already proceeding to sitting above $25,000 before the unfortunate news of Silvergate crypto bank having issues, came crashing the whole market down again, I really thought we've gone past all the FTX collapse and all of its effect on the crypto market, but seems I was wrong.

But anyways, its what it is, I believe the bull run will come, maybe not this year, right now, I believe the market is giving everyone of us the opportunity to buy our preferred coins at very cheap prices, while we prepare for the bull market ahead.

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Quote from: jaberwock on January 23, 2023, 06:59:40 AM

We only need to hope that nothing bad will happen to them because not all times people can extend their patience but they will soon ran out of it and quit permanently in cryptos. We are not in a bullish market yet but maybe we are heading on that path as the coins are now recovering slowly.

Yeah, if we could end up realizing that bitcoin is something we could trust on the long run, then we have nothing to worry about. There are too many people who do not realize this and make mistakes, because they think that price going down means it will crash and they should sell and get out.

Even right now, from 24.5k to under 23k, there were a lot of people who were afraid that it would go back to 16k and sold, that type of panic will make you lose a lot of money in this market and its really not needed. You should always try to find a way to make money based on the market and the best way to do it is buy when its lower, not panic and sell when it gets low.

wxa7115

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Quote from: sana54210 on March 01, 2023, 02:10:15 PM

Quote from: cryptoreviewhunters on January 21, 2023, 11:14:53 AM

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%. However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet.

Yeah, it's important to realize that crypto is something that is volatile and if you believe in one thing then another thing could happen and it would be pretty reckless if you just go full in. I respect the market too much to know that I am not going to invest and profit very quickly, so I invest whenever I can and let the market do its own thing and wait for it to go up, it's obvious that it is going to go up and make me profit "one day" and until that eventual day comes I am not going to do anything about it.

If you end up trying to invest right now, with the hopes of making a quick profit because it's going up, then you are going to end up with a huge loss instead.

What is interesting is that this relaxed approach to investing is not only profitable and less time consuming, but in a great deal of the cases is the only approach that works for most people as they simply do not have what it takes to become a successful trader.

However such an approach seems so simple that most of those people assume you cannot make profits with it, despite all the evidence which points towards the opposite conclusion.

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Quote from: cryptoreviewhunters on January 21, 2023, 11:14:53 AM

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%. However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet.

The market of Bitcoin will be always changing, it will have its own era to start going up and down. But yes it's alright that this year, the crypto market is getting better although it is still volatile and fluctuating. But at least, it reached a higher rate at one time.
But, are you sure that the bottom price of Bitcoin has not been reached yet? So, how much it is? I am curious that Bitcoin will really drop again under $16k. Seriously? this is a very bad situation if happening again. I don't think it will be because now the era has been rising up. And even though it will be dropped, I don't think it will drop under the previous bottom.

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Quote from: ShowOff on March 01, 2023, 02:27:50 PM

Quote from: sana54210 on March 01, 2023, 02:10:15 PM

If you end up trying to invest right now, with the hopes of making a quick profit because it's going up, then you are going to end up with a huge loss instead.

The time frame is very important to consider when one wants to invest in bitcoin. I think they can also make profit from market fluctuations in a short time, but that's just what many day traders have been doing for long time. We shouldn't call it investing, but rather kind of day trading. They can make profit, but for a more or less worth it amount "depending on the size of their budget".

The market can fluctuate and never stop. Investing now for the long term is certainly fine, but it's fine to do a DCA if they have doubts about a price drop due to negative news.

There are different ways we can make profits from the market which is dependent on our knowledge and how we can predict or analyse the market. The market will keep moving randomly and if we are not knowledge then we will always make mistakes that will render us with no hope. Trading is another way we can make money from the market if we like how to trade.

To be a trader is not a day job so we shouldn't be thinking of learning it for a few weeks and thinking that we will going to understand the market is the most established manner. Those who are making good funds from the market now are those who are relaxed and had learn the market phases and how things works.

ShowOff

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Quote from: sana54210 on March 01, 2023, 02:10:15 PM

If you end up trying to invest right now, with the hopes of making a quick profit because it's going up, then you are going to end up with a huge loss instead.

The time frame is very important to consider when one wants to invest in bitcoin. I think they can also make profit from market fluctuations in a short time, but that's just what many day traders have been doing for long time. We shouldn't call it investing, but rather kind of day trading. They can make profit, but for a more or less worth it amount "depending on the size of their budget".

The market can fluctuate and never stop. Investing now for the long term is certainly fine, but it's fine to do a DCA if they have doubts about a price drop due to negative news.

sana54210

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Quote from: cryptoreviewhunters on January 21, 2023, 11:14:53 AM

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%. However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet.

Yeah, it's important to realize that crypto is something that is volatile and if you believe in one thing then another thing could happen and it would be pretty reckless if you just go full in. I respect the market too much to know that I am not going to invest and profit very quickly, so I invest whenever I can and let the market do its own thing and wait for it to go up, it's obvious that it is going to go up and make me profit "one day" and until that eventual day comes I am not going to do anything about it.

If you end up trying to invest right now, with the hopes of making a quick profit because it's going up, then you are going to end up with a huge loss instead.

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Quote from: wxa7115 on February 27, 2023, 11:12:07 PM

Quote from: freedomgo on February 26, 2023, 05:45:36 PM

Quote from: The Cryptovator on January 30, 2023, 02:25:46 PM

Still a bear for Bitcoin, as a log run. Although Bitcoin is positive in the short term. Since there hasn't been a significant decline this year, Bitcoin's growth has essentially been organic. Because Bitcoin keeps growing without ever declining, we should proceed cautiously. Although I initially believed it to be a trap, it appears I was mistaken and it is growing. Given that it is impossible to forecast when the price of bitcoin will hit its lowest point, we cannot declare that it has not. Proceed with caution, especially while dealing with altcoin. Altcoins will suffer if Bitcoin crashes even slightly.

Regardless of any market condition, it’s still best to deal the market with more caution so you won’t fall in any trap and see yourself losing in the end. Although I must say the market is showing a positive price increase these days, but knowing the fact that there is high volatility that will trigger the market any time, so we should always learn to be more cautious and mindful whether we are yet to start our investments or start the trading activity.

On their rush to make profits many traders forget that just as they can me money they can lose it too, after all everyone is looking for the very same thing and they want to earn money by trading.

So it is important to be as cautious as possible, especially at the start of our journey when the mistakes will not only be more frequent but larger as well, but once you have acquired enough experience and you are a profitable trader then you can take a few more risks and increase your profits in this way.

If you arent aware on the risk on the things that you are dealing with then sooner or later you would be able to experience on whats the reality and this is where you would really be that ending up on making some realizations which is really that very common. It is really just that normal that you should proceed with caution because if not then you would really be experiencing lots of mistakes and errors.
Market is really only having two possible path which is going up and going down and this is why it would really be that subjective for you whether you would be buying or selling.
This is one of the things that you would be mainly be doing on dealing with this market.

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The market is as it should be without much smoke from players like microstrategy or elon.

The involvement or the lack of foresight to stop corporate involvement is a big risk. Bitcoin itself is much too limited to satisfy even the US market. Firms like blackrock can cripple any centralized coin, specially stablecoins. For the public that does not matter.

People need to be aducated to use wallets, wallets are the proper way for crypto. To get rid of the middleman, not to call that middleman Binance.

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Quote from: GigaBit on February 27, 2023, 02:01:09 AM

As Bitcoin price takes less time to fall but may take longer to rise. The market is a bit bullish after a long time which is definitely a good sight. However, after settling at 25k it again reduce 23k when there were no buyers. So buying during this period may make the investor wait for a long time. Investing by looking at the next signal can be a very good decision.

Currently

In my view, the market is Bullish until it's above $20K, and from a trader's point of view and investor it feels hard to break $20k major resistance still it's crypto we keep some exceptions and possibilities. In every market rather risk markets or other markets patience is the key to success as you can't do anything except for waiting, facing the waiting time and avoiding getting trapped is really hard, especially for the new ones..

Rest of the things with the current market status the market has already tested 3 times $25k resistance and now the resistance range as compared to the first testing is much weaker if the market tries again with a good volume then we might see one more testing and then a Pull back to the $30K with no major resistances between this journey. Condition a good volume. This week can play major role in the coming market sentiments for now I am expecting a good and positive week.

stomachgrowls

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Quote from: jaberwock on February 28, 2023, 03:00:40 PM

Quote from: wxa7115 on February 27, 2023, 11:12:07 PM

On their rush to make profits many traders forget that just as they can me money they can lose it too, after all everyone is looking for the very same thing and they want to earn money by trading.

So it is important to be as cautious as possible, especially at the start of our journey when the mistakes will not only be more frequent but larger as well, but once you have acquired enough experience and you are a profitable trader then you can take a few more risks and increase your profits in this way.

That experience was too painful. Imagine, you already saw the money in your two big eyes but then you will also witnessed them declining. It's either you are greedy and didn't stop on what you are doing or you pick up a wrong coin which life span is only for short term but that should taught you a lesson and it was up to you if you will try again and do what's right this time or you will quit permanently like the others due to much disappointment and heavily losses.

We all here are the same. whether pro or noob, our goal is to earn money but we should not be hasty because it will only lead to disasters. Even in trading, patience is still badly needed here.

This is why its really important that you should really check which project does really have that real use case or actual utility which you do assume out that it would be able to good on holding it for long term.

The best way for you to avoid on making hasty decisions is that you should't really rush up yourself and thinking on being rich or making huge profits because thats not how this market works.

Everything does really require sufficient knowledge and that patience whether it would really be already that good to sell or to hold up into your position.
This is why every action does really need up considerations before proceeding.

jaberwock

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Quote from: wxa7115 on February 27, 2023, 11:12:07 PM

On their rush to make profits many traders forget that just as they can me money they can lose it too, after all everyone is looking for the very same thing and they want to earn money by trading.

So it is important to be as cautious as possible, especially at the start of our journey when the mistakes will not only be more frequent but larger as well, but once you have acquired enough experience and you are a profitable trader then you can take a few more risks and increase your profits in this way.

That experience was too painful. Imagine, you already saw the money in your two big eyes but then you will also witnessed them declining. It's either you are greedy and didn't stop on what you are doing or you pick up a wrong coin which life span is only for short term but that should taught you a lesson and it was up to you if you will try again and do what's right this time or you will quit permanently like the others due to much disappointment and heavily losses.

We all here are the same. whether pro or noob, our goal is to earn money but we should not be hasty because it will only lead to disasters. Even in trading, patience is still badly needed here.

wxa7115

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Quote from: freedomgo on February 26, 2023, 05:45:36 PM

Quote from: The Cryptovator on January 30, 2023, 02:25:46 PM

Still a bear for Bitcoin, as a log run. Although Bitcoin is positive in the short term. Since there hasn't been a significant decline this year, Bitcoin's growth has essentially been organic. Because Bitcoin keeps growing without ever declining, we should proceed cautiously. Although I initially believed it to be a trap, it appears I was mistaken and it is growing. Given that it is impossible to forecast when the price of bitcoin will hit its lowest point, we cannot declare that it has not. Proceed with caution, especially while dealing with altcoin. Altcoins will suffer if Bitcoin crashes even slightly.

Regardless of any market condition, it’s still best to deal the market with more caution so you won’t fall in any trap and see yourself losing in the end. Although I must say the market is showing a positive price increase these days, but knowing the fact that there is high volatility that will trigger the market any time, so we should always learn to be more cautious and mindful whether we are yet to start our investments or start the trading activity.

On their rush to make profits many traders forget that just as they can me money they can lose it too, after all everyone is looking for the very same thing and they want to earn money by trading.

So it is important to be as cautious as possible, especially at the start of our journey when the mistakes will not only be more frequent but larger as well, but once you have acquired enough experience and you are a profitable trader then you can take a few more risks and increase your profits in this way.

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Quote from: Cling18 on February 02, 2023, 10:33:39 AM

Quote from: pawanjain on February 01, 2023, 11:28:42 AM

Quote from: cryptoreviewhunters on January 21, 2023, 11:14:53 AM

It's true that despite the negative reputation that crypto assets have, they have been performing well in the beginning of 2023. Bitcoin, as an indicator of the overall crypto market, has risen 27% since the start of the year, while the S&P 500 has only risen 2.6% and gold has risen 5.4%. However, it's important to remember that the crypto market is still in a bear market and the bottom has not been reached yet. The editor of Daily, Teeka Tiwari, is a long-term bull on crypto but he advises caution and patience in the current market. He believes that there are several negative factors that need to be worked through before the long-term rally can restart.
It's important to be aware of these negative stories and to not let the bear market trap you.
It's also worth noting that the crypto market is still relatively small, so it's not necessary to make large investments to see significant returns as the market improves. It's recommended to be cautious and to focus on incredible buying opportunities when they arise. Despite the current market conditions, the future of crypto remains promising, with institutions like Fidelity launching new bitcoin products and more favorable regulations in countries like Brazil. Over the long-term, the outlook for crypto is positive.
More info at cryptocartel.co

Well said mate. I personally think it's time to monitor the market closely and wait for opportunities to buy/sell the coins.
Looking at the charts I think we will see a correction in the next few days followed by a good spike in the prices.
If that happens then I guess it will be a good time to place our buy orders when the market recovers from the correction.

It's a good thing to see how the market moves nowadays but we should still not be too confident about it because there is still a huge possibility that it would switch in a different direction in the coming days. We might be in the recovery phase but we should not disregard the fact that we might only get trapped if we will buy or sell without considering ththeossibility of a huge dump again. We must be wise in every move that we take in these critical market situations and just be observant.

A few weeks of positive attitude have opened the door to a lot of possibilities in the Bitcoin world. But the desired moment is coming now? Many people are commenting on it. But as an ordinary investor I think this is not the proper time. As Bitcoin price takes less time to fall but may take longer to rise. The market is a bit bullish after a long time which is definitely a good sight. However, after settling at 25k it again reduce 23k when there were no buyers. So buying during this period may make the investor wait for a long time. Investing by looking at the next signal can be a very good decision.

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Quote from: LUCKMCFLY on February 11, 2023, 09:15:27 AM

Quote from: Bitstar_coin on January 23, 2023, 03:28:01 PM

The best way to achieve a maximum success is to have a long-term strategy, cryptocurrency markets can be highly unpredictable in the short-term, so it's important to have a long-term strategy in place. Don't make impulsive decisions based on short-term market fluctuations.
Crypto investment requires lots of patience, anyone who does not possess that will find it difficult to achieve anything in this space. The markets has been very positive the past days even their are different opinions regarding it.

I also think the same, in fact, whenever I go to do some trading, my first advance or my first analysis is to look for the longest trend, it is to go for a period of months, because that way I can see something else or how the trend could be. continue, so according to that, I'm going down in temporality, but as the temporality goes down, things get more difficult because the volatility is much higher, and that's something difficult to see or predict, when we do that kind of analysis. We must take into account many factors, and that sometimes requires reacting very quickly to the most abrupt movements in the market.

This will imply the importance of doing market analysis, as seeing the previous and current performance will likely give us insights into what we do next and make decisions based on it. Regrets will never fall on us if we avoid them because as long as we are investing in the right time (or at least) there is no way we suffer losses but profit. It was not just investing in caution but also investing ONLY potential coins that could really give us profit, not those questionable projects, especially new projects.

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Quote from: The Cryptovator on January 30, 2023, 02:25:46 PM

Still a bear for Bitcoin, as a log run. Although Bitcoin is positive in the short term. Since there hasn't been a significant decline this year, Bitcoin's growth has essentially been organic. Because Bitcoin keeps growing without ever declining, we should proceed cautiously. Although I initially believed it to be a trap, it appears I was mistaken and it is growing. Given that it is impossible to forecast when the price of bitcoin will hit its lowest point, we cannot declare that it has not. Proceed with caution, especially while dealing with altcoin. Altcoins will suffer if Bitcoin crashes even slightly.

Regardless of any market condition, it’s still best to deal the market with more caution so you won’t fall in any trap and see yourself losing in the end. Although I must say the market is showing a positive price increase these days, but knowing the fact that there is high volatility that will trigger the market any time, so we should always learn to be more cautious and mindful whether we are yet to start our investments or start the trading activity.

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LUCKMCFLY

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Quote from: Bitstar_coin on January 23, 2023, 03:28:01 PM

The best way to achieve a maximum success is to have a long-term strategy, cryptocurrency markets can be highly unpredictable in the short-term, so it's important to have a long-term strategy in place. Don't make impulsive decisions based on short-term market fluctuations.
Crypto investment requires lots of patience, anyone who does not possess that will find it difficult to achieve anything in this space. The markets has been very positive the past days even their are different opinions regarding it.

I also think the same, in fact, whenever I go to do some trading, my first advance or my first analysis is to look for the longest trend, it is to go for a period of months, because that way I can see something else or how the trend could be. continue, so according to that, I'm going down in temporality, but as the temporality goes down, things get more difficult because the volatility is much higher, and that's something difficult to see or predict, when we do that kind of analysis. We must take into account many factors, and that sometimes requires reacting very quickly to the most abrupt movements in the market.

Topic: Crypto Market on the Rise, But Proceed with Caution! - page 3. (Read 1243 times)