Don't react to the fluctuations - page 3.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: acdc on November 07, 2019, 11:15:46 PM

It is the FOMO phenomenon when we are afraid to miss something, so many people have lost money because of this.
I think patience is the key to success in life and it is also very important in the cryptocurrency market. It is easy to lose money if we do not keep our calm and patience in all situations.
The best way is to plan ahead and implement it, If you are not a good trader, move on to the long term.

When we plan to hold longer since we know that time will come BTC will have it's ATH again then better have a way to HODL even fluctuations is happening. When we plan we will not be affected no matter how low it can but set amount also when to stop loss if ever.

Sahyadri

sr. member

Activity: 744

Merit: 266

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

Reacting to each and every fluctuation can rob you off your money.
But keeping a tab on each and every fluctuation is actually very important. The reason being, sentiments in crypto market shift really very fast. Some small fluctuations followed by a bigger one can lead to trend reversal. If they are not followed, you might miss on an opportunity. Always be ready to take position after a fluctuation in case the market plays in the same direction.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Quote from: Wexlike on November 07, 2019, 09:37:11 PM

Quote from: serjent05 on November 01, 2019, 06:43:24 AM

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

I believe there is no wrong in reacting to the fluctuation. The problem why we lost during these fluctuations because we had choosen wrong choices such as buying instead of selling when price pumped and selling instead of buying when price dump. If we timed our buy and sell right due to our right decision, we will see that reacting to the fluctuation is pretty profitable than just going idle what ever happen to the Bitcoin price.

Just try to profit a bit from the swings with a small portion of your holdings. Nothing bad of making a few 100s$ here and there, on the plus side it keeps you awake to the market and you won't hibernate when the rocket starts to burst again. Guess it's time to make a long-term plan for the next coming 2 years just not to panic if it really starts to get wild again.

Market fluctuations were common with bitcoin, ongoing market variation is much associated with the speculations. Users who are aware about the same won't get into panic. This will help with easy profiting compared to the users making panic decisions to make some profit out of the marginal variations happening with time. Finally as mentioned it is good to plan for long term profiting.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: BitHodler on November 08, 2019, 08:23:35 AM

Quote from: aysg76 on November 08, 2019, 07:46:29 AM

Yes it is main thing to remain calm in this volatile market but most of traders ignore this fact and react panickly or become over joyed in pump and dump situations which lead to manipulations in market.

How do you expect people to stay calm when they go all in on a trade? Even worse, some go all in with high leverage, so every move could mean they either make a lot of money, or lose everything they put into that trade.

The only way I can think of this leading to manipulation is to have whales wick the price up or down to liquidity people's positions, but that's not our problem.... they chose to enter extremely risky trades and have to face the consequences.

Everything would surely react yet no human being wont really react when they do saw that they are gradually losing up their money.
Trading with leverage and going all in is some sort of gamble or shall we say a do or die situation for that trader to take.Even how hardly we do make
some analysis but results or outcomes arent still guaranteed.Therefore, with margin trades we should always set good fund management if we dont like
on getting burned instantly.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: aysg76 on November 08, 2019, 07:46:29 AM

Yes it is main thing to remain calm in this volatile market but most of traders ignore this fact and react panickly or become over joyed in pump and dump situations which lead to manipulations in market.

How do you expect people to stay calm when they go all in on a trade? Even worse, some go all in with high leverage, so every move could mean they either make a lot of money, or lose everything they put into that trade.

The only way I can think of this leading to manipulation is to have whales wick the price up or down to liquidity people's positions, but that's not our problem.... they chose to enter extremely risky trades and have to face the consequences.

aysg76

legendary

Activity: 1974

Merit: 2124

Yes it is main thing to remain calm in this volatile market but most of traders ignore this fact and react panickly or become over joyed in pump and dump situations which lead to manipulations in market.We need to control our emotions and stay calm in every situation but the actual thing is its not easy to not react in these situation as prices fluctuates very highly so we cant force anyone to be in limits.

acdc

sr. member

Activity: 939

Merit: 256

It is the FOMO phenomenon when we are afraid to miss something, so many people have lost money because of this.
I think patience is the key to success in life and it is also very important in the cryptocurrency market. It is easy to lose money if we do not keep our calm and patience in all situations.
The best way is to plan ahead and implement it, If you are not a good trader, move on to the long term.

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: Reid on November 04, 2019, 06:38:26 AM

Do react. Go the other way.
You know there are FOMOs around then why not go do vice versa of what they are doing.
The good thing is you have been around crypto for a long time and base on experience it might go the other way.

So that is profit waiting for you.
But, they do think they did the right thing and same goes for you. So who will be wrong?
Since the volatility is too much, no one can predict it. They are risking that prediction for some money.

In other markets this could be a good strategy since I have seen many contrarian traders in other markets, but in the market of cryptocurrencies that is asking for trouble, just look at the movement that happened a week ago if you saw that movement and decided that it was a good idea to go against it at the wrong moment you could have lost 10% or more in hours while in other markets losing or earning 10% could take you whole year and if you used leverage your losses could be even bigger.

Wexlike

legendary

Activity: 1473

Merit: 1086

Quote from: serjent05 on November 01, 2019, 06:43:24 AM

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

I believe there is no wrong in reacting to the fluctuation. The problem why we lost during these fluctuations because we had choosen wrong choices such as buying instead of selling when price pumped and selling instead of buying when price dump. If we timed our buy and sell right due to our right decision, we will see that reacting to the fluctuation is pretty profitable than just going idle what ever happen to the Bitcoin price.

Just try to profit a bit from the swings with a small portion of your holdings. Nothing bad of making a few 100s$ here and there, on the plus side it keeps you awake to the market and you won't hibernate when the rocket starts to burst again. Guess it's time to make a long-term plan for the next coming 2 years just not to panic if it really starts to get wild again.

karanggatak

hero member

Activity: 1106

Merit: 506

in my opinion the people who always react are those who make daily trades or short-term investments. they take advantage of price fluctuations to be able to make a profit. and of course they will always react to fluctuations. but for long-term investors I don't think it will react too much to fluctuations because they believe the coins will pump even more in the future. and they will be patient waiting until then.

Faxmate

sr. member

Activity: 1071

Merit: 253

Quote from: Omega Weapon on November 03, 2019, 11:36:28 PM

Quote from: Faxmate on October 31, 2019, 01:34:51 PM

Quote from: Omega Weapon on October 29, 2019, 08:13:23 PM

This seems like the correct path to take but I do not think many are going to follow your advice, the market is truly in an unpredictable state now and while some may regret losing some profits if the market actually begins to go up once again it is better to take that time to look at the market and analyze what it does from now on, this way if this is once again a bull trap then you avoid losing money and in my opinion that is as important as earning profits in the markets.

Avoiding losses is another way of making money. In the world of crypto currencies, there are few coins that all of sudden show huge increase and then are down to zero. We shall be able to get rid of them in their dumps. Though market is kind of unpredictable these days but if we look at price chart of bitcoin, it gives hope of some decent increase in the values of crypto market so we shall buy potential coins now and earn a good amount of profit.

This is interesting because many traders are only interested in learning certain techniques to try to make as much money as possible from the markets and they are not interested at all in the techniques that help them minimize their losses, they think that it is a waste of time to try to reduce your losses when you can increase your profits, but I have always thought that it is more important to learn how to protect your capital, if you do that then you are more likely to be around when the market skyrockets.

To cut your losses is similar to increase your profit because if you are making some profit but after some time because of some carelessness you lose it, there is no benefit of making that profit. Ultimately you will find yourself at the point where you started from or may be even lower than that. Saving yourself from losses is more important than looking for profits since losses can take place at large scale and can neutralize your profits too.

Getmon

sr. member

Activity: 1400

Merit: 273

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

Reacting to the fluctuations of the prices is good. You sell when the price is at the top and buy when it is at the bottom. That is how everyone should be reacting. Fluctuations are not bad because it is how profit is gained by traders and other crypto investors. It is bad when we react in the wrong manner. People are reacting to FUD and FOMO. They sell when the prices are down and buy when the prices are up.

Darooghe

sr. member

Activity: 1120

Merit: 255

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

Most of them are speculative buyers and daily traders. many of the people buying bitcoins today, are buying based on speculation not because they actually want to use them. Speculative buyers believe that in the future many people will want bitcoins so they buy bitcoins now in anticipation of that future demand and price increase. However, they are very sensitive to current events, news stories can quickly turn speculative buyers into speculative sellers. one the other hand, day traders hit some dips (tops) right and they miss some dips (tops). However crypto is very volatile and it's very hard to predict when a dip will happen or how deep the dip will dive or how quickly it will recover. so they lost money. HODLing is the only strategy that works.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: carlisle1 on November 04, 2019, 07:16:03 AM

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

how come that pump and dump will bring fatality to the traders?don't you know that this is what daytraders want?when the prices fluctuate time after time so they can collect more profits

Exactly day traders will always make profit even with the bearish trend or bull run. Fluctuations and high volatility is an indicator of healthy market. Meaning, there are a huge volume of btc was being traded into several exchange.
I dont get it why the OP are so afraid with market fluctuations when it's just a normal market reaction everytime an investor or trader are making buy and sell.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

how come that pump and dump will bring fatality to the traders?don't you know that this is what daytraders want?when the prices fluctuate time after time so they can collect more profits

i think you are an obvious LONG term holder that's why this is your opinion,we have other strategy in crypto treatment and that includes Holding for long term or short term,and day trading and also arbitrage so better have knowledge on all and not in single part

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: carriebee on November 04, 2019, 06:37:09 AM

It will hard to some cryptocians to not react about fluctuation in the market. Not all are so strong to hodl their emotions when they see market down or volatile. Maybe we need to save what the best we can hold and wait again the bull of the market. We can avoid this fluctuations in the market it's will happen even we don't want,It will depends to us what strategy will do to not lose to much profit.

Just newly heard the word cryptocian Grin

but anyways it will be hard if you are easily get panic with little situations of pumps and dumps since if you are afraid of it provably you will end up loser since you might possibly miss the buying and selling opportunity. And if people can't afford to lose then much really better if there's fud they should transfer their funds on stable alt's so that they feel secured and comeback when market became stagnant.

Reid

hero member

Activity: 3052

Merit: 651

Do react. Go the other way.
You know there are FOMOs around then why not go do vice versa of what they are doing.
The good thing is you have been around crypto for a long time and base on experience it might go the other way.

So that is profit waiting for you.
But, they do think they did the right thing and same goes for you. So who will be wrong?
Since the volatility is too much, no one can predict it. They are risking that prediction for some money.

carriebee

sr. member

Activity: 1148

Merit: 251

It will hard to some cryptocians to not react about fluctuation in the market. Not all are so strong to hodl their emotions when they see market down or volatile. Maybe we need to save what the best we can hold and wait again the bull of the market. We can avoid this fluctuations in the market it's will happen even we don't want,It will depends to us what strategy will do to not lose to much profit.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: iamsange on November 03, 2019, 11:56:07 PM

Although some people said that long term holders need a lot of capital to make it worth of time to wait

That's wrong, with long term investment, you can start with a small or big capital, it doesn't matter, what matters is the rate of growth you will get from your investment.

We can use ETH as an example here:
If you hold ETH in 2016 where the price was still 2 usd, you can sell them at $1300 just holding less than 2 years,.
so if you invested at least 10 usd, you could have get 6500 usd if you sell at peak.

Quote from: iamsange on November 03, 2019, 11:56:07 PM

, short term trading sometime make me stressful especially when see price of bitcoin pump and dump, sometime make me afraid of lose and then panic.

That's why you need to understand the requirements to be an effective day trader before you even try to pursue it, this requires more time and attention if you want to get an ultimate success, and of course this requires proper knowledge and skills.

iamsange

sr. member

Activity: 903

Merit: 391

Quote from: Wysi on October 27, 2019, 08:49:56 AM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

For now i am change my strategy to be long term holders. Although some people said that long term holders need a lot of capital to make it worth of time to wait, short term trading sometime make me stressful especially when see price of bitcoin pump and dump, sometime make me afraid of lose and then panic.

Topic: Don't react to the fluctuations - page 3. (Read 2015 times)