Each time you see a red candle! | Bitcointalksearch.org

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Quote from: michellee on January 21, 2023, 11:01:39 PM

Usually, a decline will be interpreted as a red candle, and an increase will be interpreted as a green candle. You can replace the red and green colors with other colors you like. And if you don't do something by the time the red candle comes up, which means there is a price decline, you may miss out on buying at that low. The price movement must also be seen based on the indicators you use. If it decreases, a red candle will appear. If it rises, a green candle will appear.

Hmm, not sure we're on the same page. You interpret candles, candles form on strict conditions -- it's what you do with them and how you think the next action will be lies the interpretation.

And far as I know, candlesticks are indicators themselves, suggesting future patterns and confirmed by subsequent candles -- you don't jump ahead of the first main candle Wink

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Quote from: palle11 on January 21, 2023, 10:16:03 AM

Quote from: michellee on January 21, 2023, 03:19:26 AM

Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

Let us get this straight. What does a candlestick colour have to do with the candle direct haha nothing of course. If you set your candlestick in red it is not significant to where the price is going. We have the setting where you can adjust your colours and nothing will happen depending on the colour. So you have to learn this very well and stop making such mistakes. The colour of a candlestick doesn't affect the direction where it is moving to.

Usually, a decline will be interpreted as a red candle, and an increase will be interpreted as a green candle. You can replace the red and green colors with other colors you like. And if you don't do something by the time the red candle comes up, which means there is a price decline, you may miss out on buying at that low. The price movement must also be seen based on the indicators you use. If it decreases, a red candle will appear. If it rises, a green candle will appear.

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Quote from: palle11 on January 21, 2023, 10:16:03 AM

Quote from: michellee on January 21, 2023, 03:19:26 AM

Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

Let us get this straight. What does a candlestick colour have to do with the candle direct haha nothing of course. If you set your candlestick in red it is not significant to where the price is going. We have the setting where you can adjust your colours and nothing will happen depending on the colour. So you have to learn this very well and stop making such mistakes. The colour of a candlestick doesn't affect the direction where it is moving to.

Unless you would really be connecting out with those candle pattern indicators which it would really be that relevant if you would be including it into your own analysis and not just basing on candle
color whether it would be green or red which there's no way you could be able to point out on where the prices could potentially go and this what makes it hard even more.
Each time on seeing a red candle which i do usually check it out on higher time frame which it would be helpful on seeing on what would be the possible next trend but of
course you would be needing to make use of other indicators which would really make out some bias or confirmation.You cant just make out or draw conclusions
based up on nothing.

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

As we grow and mature and become a experience investor, we have realized that the best time to really make money is to buy when the market is down. It's very different when what we learned though, that during bear market, we shouldn't be buying because the market is uncertain and the it might continue to go down, so that is bad for us.

Quote from: Zilon on January 06, 2023, 04:46:57 PM

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

First, you should invest what you can afford, so that you don't mistakenly selling off when the market is down because you just need money. Second, yeah, hold as long as you can, when the first condition is met, then the best thing is continue to accumulate and be a long term investor and just don't sell for small profits. I know others might be thinking of selling off right now because the market has been green for almost the whole month. But look ahead, the price is still low at $20k'ish, sell when we reach 6 digit or even higher.

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Quote from: michellee on January 21, 2023, 03:19:26 AM

Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

Let us get this straight. What does a candlestick colour have to do with the candle direct haha nothing of course. If you set your candlestick in red it is not significant to where the price is going. We have the setting where you can adjust your colours and nothing will happen depending on the colour. So you have to learn this very well and stop making such mistakes. The colour of a candlestick doesn't affect the direction where it is moving to.

michellee

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Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

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Quote from: Frankolala on January 20, 2023, 01:03:38 PM

Sometimes newbies are lucky by coming into the cryptospace when it is bullish,and when they invest in short term they make much money and they feel that the market is always bullish, so they use this mentality to rush into investing, using funds that is for an important purpose to invest, believing they will make much profit immediately.

Thinking like this is too simple for beginners and you shouldn't be like that, because you should invest based on knowledge of what you want to invest, so that when something happens you don't panic and do things that are detrimental. In addition, relying on luck when investing is also not correct, because you will not be prepared if the market conditions get worse, it requires in-depth analysis to enter the market and make a purchase. Taking the short term under certain conditions is profitable, but the long term can always be relied upon.

Sometimes people take the wrong moment to invest, so that during a bear market they will react in the wrong way and try to cut losses by selling it, this is where the error lies in investing and making people lose their investment assets, because relying on luck when investing is the way most people who don't understand the bitcoin cycle.

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Quote from: Frankolala on January 20, 2023, 01:03:38 PM

Sometimes newbies are lucky by coming into the cryptospace when it is bullish,and when they invest in short term they make much money and they feel that the market is always bullish, so they use this mentality to rush into investing, using funds that is for an important purpose to invest, believing they will make much profit immediately.

When their instinct fails them due to the volatile nature of bitcoin, they might buy in the bearish period and thinking to get a quick profit,this will lead to panic and they might end up selling below their the price they bought it. Long term investment is the best and use bitcoin for as your savings to enable hodi for long no matter the pump and dump in the price.

Depends on a certain person because not all would really be that easily be ending up with that kind of decision because there are ones who are really that good on making up some research and able to read up some

other peoples experiences which they would really be tending to adapt and would apply into their own investment decisions which it could really at least hold their position if ever they had entered a bear market
season or situation on which they didnt panic out despite on having that lack of knowledge and awareness around.

I wouldn't say its luck but all of us are really that prone into that condition on which there are investment decisions turns out to be a good call.

Frankolala

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Sometimes newbies are lucky by coming into the cryptospace when it is bullish,and when they invest in short term they make much money and they feel that the market is always bullish, so they use this mentality to rush into investing, using funds that is for an important purpose to invest, believing they will make much profit immediately.

When their instinct fails them due to the volatile nature of bitcoin, they might buy in the bearish period and thinking to get a quick profit,this will lead to panic and they might end up selling below their the price they bought it. Long term investment is the best and use bitcoin for as your savings to enable hodi for long no matter the pump and dump in the price.

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As the saying goes, the loss is not achieved except by clicking on the sell order, so as long as you are not forced to sell, no matter how low the price goes, you will not face problems, but to be on the right side, you must put your economic accounts close to the bottom and not the top.

If I am an investor, I will put my accounts on the previous bottom, which is 3 thousand dollars. Unless the price drops below 3,000 dollars, I have no problem. The same thing applies now, if we assume that the bottom is 15,000 thousand (to avoid any problems, I assume the bottom is at 8,000) so if the price drops For this range, you are in trouble, and any price higher than that is a real profit.

So if you buy now at 21K, this price may be the bottom after 3 to 7 years, so after 3 years, your investment will not be in danger because the price will be far from this bottom and so on.

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Quote from: palle11 on January 19, 2023, 10:54:17 AM

Quote from: SquallLeonhart on January 16, 2023, 09:26:03 AM

In trading, it is always safe to just buy when the candle is red or

How do you mean candle is red? I think this is funny. You can adjust the setting of your indicators likewise the colours just like you can change colours of your letters to any colour you want. Candle colours can be changed to the colour you prefer and that doesn't mean anything. You can have your candlestick colours change to any of the colours you want, it is just the colour and nothing more to it.

You can change any colour, even the colour of your skin. But you can't change the direction of the price the way you want it to go. It depends on many factors which you cannot influence. You can have green candles on your chart instead of red candles, but that doesn't change the fact that price is constantly falling. So the suggestion to change the colour of the candles from red to green is not very relevant right now.

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Quote from: SquallLeonhart on January 16, 2023, 09:26:03 AM

In trading, it is always safe to just buy when the candle is red or

How do you mean candle is red? I think this is funny. You can adjust the setting of your indicators likewise the colours just like you can change colours of your letters to any colour you want. Candle colours can be changed to the colour you prefer and that doesn't mean anything. You can have your candlestick colours change to any of the colours you want, it is just the colour and nothing more to it.

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Quote from: Oshosondy on January 15, 2023, 03:05:49 AM

Quote from: Sebas.tian on January 09, 2023, 11:44:08 PM

Quote from: Oceat

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.

It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.

Indicators can fail, so we shouldn't always depend on them but it would be better if we will do the trade manually, I mean we can buy or sell according on what we currently see. That is more surer. You entered in a green candle but that's fine if the bull run continues, because you still can sell for a profit. You got lucky there but you should avoid doing it next time as your luck might not be on your side anymore.

In trading, it is always safe to just buy when the candle is red or when the price is dumping and then sell only at greens. Trading is so wide, and can be wider than investing. There is more learn to about it. It's hard but very worth it at the end.

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Quote from: Sebas.tian on January 09, 2023, 11:44:08 PM

Quote from: Oceat

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.

Whenever I see a red candle in the market, I go with my analysis to see my chances of buying bitcoins. And if I could see that my opportunity would come with that red candle, I would place a buy order at the price I wanted and let it fill. The red candle is the time for me to buy bitcoins again and if the price can decline any further, it will be a very good opportunity to accumulate bitcoins. So as long as there are ups and downs and red candles in the market, we have to use it well.

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Quote from: uneng on January 15, 2023, 02:46:18 PM

Crypto trading isn't an exact science and must be taken more as gambling than anything else. Nobody can predict accurately if the price of an asset will continue rising or if it will be corrected next. It's pretty easy to fall for bear and bull traps. To avoid losing money trading, investors have to focus on long term for gains. If they bought BTC today, they have to be prepared to wait for years, if necessary, until they can cashout profits. If they attempt daily trading, they will go into losses at some point due to the unpredictable inconsistencies in market, just like a gambler playing dice at the casino.

Trading is not gambling but can be taking as gambling. With sincerity, I lost more in trading than gambling while I still lost in gambling as I was an addict before since 2014 until 2019 that I stopped gambling. You can lose much more in trading or gambling but trading is not gambling if you learn about it very well and the major thing you need to learn is not to be greedy, using a better strategy and having a good money management risk. Good strategy and not being greedy is what it takes in trading. But in gambling, making profit is not guaranteed like in trading if you are good excellently in the two.

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Quote from: uneng on January 15, 2023, 02:46:18 PM

Quote from: Oshosondy on January 15, 2023, 03:05:49 AM

Quote from: Sebas.tian on January 09, 2023, 11:44:08 PM

Quote from: Oceat

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.

It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.

Crypto trading isn't an exact science and must be taken more as gambling than anything else. Nobody can predict accurately if the price of an asset will continue rising or if it will be corrected next. It's pretty easy to fall for bear and bull traps. To avoid losing money trading, investors have to focus on long term for gains. If they bought BTC today, they have to be prepared to wait for years, if necessary, until they can cashout profits. If they attempt daily trading, they will go into losses at some point due to the unpredictable inconsistencies in market, just like a gambler playing dice at the casino.

This is the biggest challenge or pain in the ass on the time you had decided to deal up with trading which is something that normal which the price isnt really something that you could really be able to predict.
You should make yourself that expecting about long green and red candles which are really that pretty common.

Since we are talking about red candles then as a human being then it would be normal to have that panic specially when you do bought up something on peak price and make yourself that on negative.
But there were people who do see these red candles as a sign of opportunity to accumulate or buy and this do simply shows up that it would really vary.

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Quote from: Oshosondy on January 15, 2023, 03:05:49 AM

Quote from: Sebas.tian on January 09, 2023, 11:44:08 PM

Quote from: Oceat

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.

It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.

Crypto trading isn't an exact science and must be taken more as gambling than anything else. Nobody can predict accurately if the price of an asset will continue rising or if it will be corrected next. It's pretty easy to fall for bear and bull traps. To avoid losing money trading, investors have to focus on long term for gains. If they bought BTC today, they have to be prepared to wait for years, if necessary, until they can cashout profits. If they attempt daily trading, they will go into losses at some point due to the unpredictable inconsistencies in market, just like a gambler playing dice at the casino.

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Quote from: Sebas.tian on January 09, 2023, 11:44:08 PM

Quote from: Oceat

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.

It is easy to say a trader should buy when the candle stick is red and sell when the candle stick is green, but that is just the beginning of trading because it is not always working like that in reality as indicators can fail. The minute you used also matters, expect more failed indicators as the time range is shorter. Without the right strategy, indicators can lead to money loss too. For swing trading, I remember I enter at green candle stick some days ago but the bull run continues till yesterday, what if I had gone for sell? There is a lot to learn in trading.

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Quote from: Oceat

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Yes, Whenever the red candle appear in the market showed that there is an opportunity to buy and hold which is a popular strategy many traders are using to make progress in the community. Those that took their time to invested in Bitcoin some months ago will definitely achieve something good in future when the price of Bitcoin hit higher before the end of next month, because the green light is about to take over from the red light which is a symbol of bearish in the market. I believe, is never too late to buy coins and hold because the red light is still on to allow both long term traders and short term traders to have access to a great future.

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Quote from: irhact on January 07, 2023, 02:00:18 AM

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Some investors see red candles as selling opportunity when what they should be doing is observing as you said to see if the market will give them a very good discount with price drop of the market. As an investor your target should be that when it's about time you exit the market, you can do so comfortably without caring about the state of the market (don't care if it's a green or red candle) because you are in profit no matter the situation of the market, that should be your goals as an investor and not investing short term.

In my opinion the expectations the majority of people have from the markets and their own skills are simply out of proportion with what they can reasonably achieve, after all it is not rare to see people coming to the forum and asking how to get 10x in two weeks and other similar questions like that, and when someone has those kind of expectations then it is easy to see how they can disregard long term holding as not worth their time, they are mistaken of course but they will not learn this lesson until the market demonstrate them that their expectations were simply too high.

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

You can’t just abandon it, just hold but with less expectation this time.
Especially with Bitcoin, if you are trap at $40k, will you abandon it? Of course not because you still believe that its price will recover and you are still hoping to get your funds back and make some profit. Looking for a new good projects are also ok, diversification is the key for a more profitable investment don’t just buy one or two projects, try to have more and always monitor when to sell and buy.

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Quote from: irhact on January 07, 2023, 02:00:18 AM

Quote from: Zilon on January 06, 2023, 04:46:57 PM

The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Most of these investors doesn't really know what they are doing. Most of these short-term investors are newbies that were influenced by other people or circumstances and get hyped because they see people gaining profit in a short term. So they use the money that they can't afford to lose, that is why most of these investors often sell when they see profit, or when the market is crashing.

Quote from: irhact on January 07, 2023, 02:00:18 AM

Some investors see red candles as selling opportunity when what they should be doing is observing as you said to see if the market will give them a very good discount with price drop of the market. As an investor your target should be that when it's about time you exit the market, you can do so comfortably without caring about the state of the market (don't care if it's a green or red candle) because you are in profit no matter the situation of the market, that should be your goals as an investor and not investing short term.

They panic sells because the trend of the market is not what they had expected. Having weak hands, they immediately sell to cut more losses when the candle turns red. Some investors short their trade thinking that the price will go lower to buy more Bitcoin.

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Quote from: Oceat on January 07, 2023, 02:06:13 PM

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

Probably those who are following their cur loss price to avoid a further losses and I think we should also practice this regardless of the coin or project.

For me, red candle is not an automatic signal of buying because you still need to wait for a more deeper price and a confirmation of the price before buying. Perfect timing is the key to be more profitable, don’t just buy right away wait for the good price to enter.

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

The money which is ours can't be used for something we need then its useless money, the returns are secondary thing first is to fulfill our need but don't use it for what we want and there is huge difference between what we need and want.

Actually no one can't be losing as long term investor if they're actually holding their bitcoin so its important to keep holding and accumulating whenever is possible, don't think red as bad its just an opportunity to buy the assets for cheaper.

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Quote from: Oceat on January 07, 2023, 02:06:13 PM

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

If they really need the money instead of profit then I might understand that but selling it because of fear that it might drop even more probably doesn't know what they are investing. It's normal to fear about of our investment especially in this bear market nothing could make someone be wary about of their investment when the market is in long deep bearish trend.

My investment budget has decreased in the last few months, but not significantly because actually I have to manage it as well as possible when inflation occurs. Whatever they say might help, but having consistency and belief in what we want to achieve should make us even more optimistic. It doesn't matter how much we can save on the investment budget, consistency is a must.

Having fear will only keep you from going any further, so avoid it as best you can as long as you believe that after dark there is light. Are you sure that red will never turn green? You should know what the answer is. It's normal to be scared, but if they're feeling scared about investing in something that has proven to be profitable for them then I don't know what else to say. Maybe bitcoin is not the right investment asset for them.

Oceat

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Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

If they really need the money instead of profit then I might understand that but selling it because of fear that it might drop even more probably doesn't know what they are investing. It's normal to fear about of our investment especially in this bear market nothing could make someone be wary about of their investment when the market is in long deep bearish trend.

abel1337

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Quote from: xSkylarx on January 07, 2023, 10:33:11 AM

There are no investments that will make you rich over night. It really takes years or more for the business to go boom, and the same is true with bitcoin. If you have extra money to spend, it is better to spend it in bitcoin rather than put it to sleep because you will not profit from it. Though the real issue with buying and holding bitcoin is our emotions, because as time passes, our mind tells us to sell it because we are losing money, which is why we must control our emotions.

Yep that's the truth. There are people especially newbies thought that bitcoin or crypto is an easy way to gain profits but the truth is it takes a long amount of time before it realizes into profit. There are many newbies on this space don't know what is the meaning of investment or they treat investment the wrong way. Some newbies fantasized those crypto stories that people are getting rich overnight but in reality it rarely happens and it's just pure luck to achieve those kind of overnight millionaire. Red candles are part of charts and it will never gonna disappear, New Investors should zoom out and see where we are headed too. I've been there too and lost so much potential profit after selling so much because of not controlling myself.

xSkylarx

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There are no investments that will make you rich over night. It really takes years or more for the business to go boom, and the same is true with bitcoin. If you have extra money to spend, it is better to spend it in bitcoin rather than put it to sleep because you will not profit from it. Though the real issue with buying and holding bitcoin is our emotions, because as time passes, our mind tells us to sell it because we are losing money, which is why we must control our emotions.

MoonOfLife

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I will agree with you that bitcoin is a long term investment so we need to invest with idle money not money to cover daily necessities. It can be said that this is a common mistake of newbies because they think they can quickly make a profit when starting bitcoin, and this is also the reason they dump every time they see a red candle instead of buying.

Odusko

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Quote from: LFC_Bitcoin on January 07, 2023, 12:38:17 AM

Quote from: Outhue on January 07, 2023, 12:25:23 AM

Well said, this was the same strategy I used in 2017 and I end up selling 70% of my assets just to sustain myself, many people think that investing in crypto is a short term especially now that we are in a bear market, if you aren't preparing for a long term investors do not even try to invest.

This market can last another one and a half years before we start seeing good returns on investments, we haven't even gotten to the point where everyone will feel frustrated like in march 2020, I believe that we will see such again.

Be prepared.

Exactly right, most people are just too impatient & want instant profits. It doesn’t work like that & it very rarely ever does.

"The stock market is a device for transferring money from the impatient to the patient."
(Warren Buffett)

The above quote applies to bitcoin also.

Weak hand are always doing the steel hands a favor by buying dumping. their investment om them to buy cheap, when it comes to bitcoin speculation it is easier said than done and most people will just jump in when their think the price is low enough and expect a quick rise to cash out profits but as time pass by their discovery that the stock market doesn't work that way most especially in a volatile market like bitcoin.
To gain profits from Bitcoin, investors have to invest for lonlong-termse and be ready to wait out the time no matter the direction the market is going.

Ziskinberg

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

It was difficult when we invest in crypto or anything without knowledge. Because what I see is that people who come here and investing crypto are thinking that they could make money quickly that is why when they fail in their expectations, they easily quit and sell their coins even though they are losing. This situation is not new and we keep hearing these things always.
And why?
- lack of knowledge
- lack of determination
- impatient

Fesatmas

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True, it is better to invest using money that will not be touched at all. I even consider the money I invest is lost money, because I have my own emergency fund that does not require me to take money from my investment. It's times like this that we have to distinguish which money is for daily needs, which money is for urgent situations, and which money is for investing. Sometimes we are wrong in dividing the money, we use funds that should be used as emergency funds instead to invest. We have to manage as smartly as possible, it doesn't matter if our investment isn't big, as long as we don't take it at a loss.

Tony116

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I am in accumulation mode, so to be honest, I prefer the red candle to the green candle. The market has more red candles which gets me excited because I know it's my chance, and that's also why I never expected bitcoin to recover this year. 2022 is also considered a pretty successful year for my goals.

Quote from: irhact on January 07, 2023, 02:00:18 AM

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Most of the short term bitcoin investors are newbies, and they are lazy to learn about the history of bitcoin, they invest in it thinking that it will give them quick returns. Those mistakes will always exist in the market because there are always newbies entering the market every day.

dansus021

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Well one of biggest enemy of trade is emotion ( Fear and Greed ) Know how to stop loss and know how to take profit, even myself still can't control my emotion when red candle showed up but one big red candle is another opportunity. of course before do trade know what you are doing Research is always.

Fundamental First Techincal Analyst second and bit of luck hahah

Sebas.tian

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I agree with you OP, using funds that you don't want to use in two or three years time to invest in Bitcoin, is a good advice to bitcoiners in the community, because those that apply this strategy in the past, smile at the end of their investment. I think, many investors will learn from this information to buy Bitcoin when there is a Red candle, and hold for two or three years for the green candle to remain stable before he or she can sell to make a good income. I don't think, I will miss this opportunity because the red candle is preparing to turn to green candle which is the best signal for investors to be alert of bullish season.

maydna

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That is a mistake often made by novice investors who are less experienced in investing because they think that if they use a lot of money to invest in bitcoin, they will be able to get big profits in a certain time. They don't know that there will be a decline in the price of bitcoin and most of them start investing in bitcoin when the price reaches a peak. And when the bitcoin price slowly decreased, they panicked because they never imagined that the bitcoin price would fall and even experience a drastic decline.

But if they know that investing has risks, they will try to minimize the level of risk by adjusting the amount of money to invest. This will save them from losing a lot, and they can also buy more bitcoins when the price is low. And the red candle is nothing to be afraid of but is where our opportunity to buy more bitcoins is.

irhact

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Some investors see red candles as selling opportunity when what they should be doing is observing as you said to see if the market will give them a very good discount with price drop of the market. As an investor your target should be that when it's about time you exit the market, you can do so comfortably without caring about the state of the market (don't care if it's a green or red candle) because you are in profit no matter the situation of the market, that should be your goals as an investor and not investing short term.

bittraffic

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

Money meant for something else is to be set aside for that purpose not to invest it. People do this because they are hopeful, they could get ROI in the time they would need to spend already. Unfortunately, profit doesn't come easily.

Short-term investors do this as they think its an easy money. Short-term investing is also good as long as they have it in mind to buy at the bottom and even just earn $50 they can sell as long as they could keep making a profit.

LFC_Bitcoin

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Quote from: Outhue on January 07, 2023, 12:25:23 AM

Well said, this was the same strategy I used in 2017 and I end up selling 70% of my assets just to sustain myself, many people think that investing in crypto is a short term especially now that we are in a bear market, if you aren't preparing for a long term investors do not even try to invest.

This market can last another one and a half years before we start seeing good returns on investments, we haven't even gotten to the point where everyone will feel frustrated like in march 2020, I believe that we will see such again.

Be prepared.

Exactly right, most people are just too impatient & want instant profits. It doesn’t work like that & it very rarely ever does.

"The stock market is a device for transferring money from the impatient to the patient."
(Warren Buffett)

The above quote applies to bitcoin also.

Outhue

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Well said, this was the same strategy I used in 2017 and I end up selling 70% of my assets just to sustain myself, many people think that investing in crypto is a short term especially now that we are in a bear market, if you aren't preparing for a long term investors do not even try to invest.

This market can last another one and a half years before we start seeing good returns on investments, we haven't even gotten to the point where everyone will feel frustrated like in march 2020, I believe that we will see such again.

Be prepared.

adaseb

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Bitcoin is one area where many investors were burnt but stock market is another. There are so many people who lost their savings due to stock market losses. The biggest lately is Tesla stock.

Even one guy says he lost $10M of his families retirement due to overinvesting in Tesla and it’s not the only company. Meta, Netflix, Nvidia, Etc where all stocks that were popular and ongoing huge corrections.

Silberman

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

The truth is that a great deal of investors which put their sights in this market do not really have what it is needed to become successful in this market, at the most basic level you only need two things and that is seed capital and knowledge about investing, and most of those investors do not have either of those two things, they do not know anything about investing and they do not have the money to spare either, because as you mention at the first sign of trouble they sell their coins as they simply cannot afford to lose any money, even if this is inevitable for any investor during their careers.

TravelMug

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Quote from: Zilon on January 06, 2023, 04:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

You only lost when you sell your crypto at a price lower that you bought it. And so it's a paper lost if you just hold on your crypto and not willing to sell unless you really make some money or wait till the next bull run.

Quote from: Zilon on January 06, 2023, 04:46:57 PM

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

If that is the case then you are not investing what you can afford to lose simply as that. Because if the money that are you investing are just for investing itself then why would you sell at a lost? So yeah, just invest some errand money or just extra in your pocket and look for the long term returns.

Oshosondy

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Gamble responsibly

Quote from: Zilon on January 06, 2023, 04:46:57 PM

Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

As trading is a course to learn, hodl is simpler but it is worth learning too which is not difficult at all. Assuming bitcoin was at $50000 and you bought $250 worth of it. When it decreased to $30000, you bought $250 of it. When it got to $20000, you bought another $250. When it got to $16500 and stayed for long, you bought $250 of it. The average buying when you will start making profit would be $23300 while the price you bought in average would further decrease to favour you as you buy more at lower price.

Do not just buy bitcoin at once, have a plan like averaging.

Yatsan

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To avoid fear or pressure, know what you are doing. A long candle won't mean that it is the end of a 'rally'. The market itself is unpredictable; even TAs are just for guidance only and won't mean certainty with the market price behavior.

Quote from: Zilon on January 06, 2023, 04:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings.

Since you've engaged to long term invest, that should be normal because that is the 'gamble' to long term holding. If this is the case, I think (if I'm wrong please correct me) investor id at fault if he would suffer from lomg term loss. In the first place, not because it is long term, you won't take precautionary actions to either cut or endure the loss. You still need to measure if there are possibilities of recovery or not; whether to move from one to another token.

Quidat

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Sounds and it do looks simple but this isnt something that you could easily deal with because as a human being you would really be looking for the bottom price as low as possible.
Also we are that having those emotions which you cant really assure yourself that you would be able to withstand market swings and so as with your emotional swings too.
Honestly, it is really hard to control it out if you dont have that sufficient experience and awareness about this market.This isnt something you could really
deal with.

Zilon

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The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

Topic: Each time you see a red candle! (Read 445 times)