First of all your reaction to buy bitcoin depending on a war between Iran and USA was wrong to begin with, the very first thing you should do shouldn't have been buying.
However, after you already bought, you shouldn't have sold that quickly neither, that was a wrong movement as well, you ended up with a net negative that is a closed position and that is always a wrong move, even if you had to wait days or weeks or even months to make that money back.
On top of that bitcoin price didn't went down because Iran can't compete with USA, we all knew that already and price went up anyway, the price went down because USA is not going to war with Iran, they decided not to and that might have affected the price, at least a bit. Next time, don't make so emotional decisions depending on nations.
Topic: How is the situation with Iran affecting the price - page 2. (Read 520 times)
You must have learn your lesson of not too greedy of holding up to your position for a long time. Supposed you sell when Bitcoin was trading around $8450 you end up in profit than you selling at lost. You can't maintain patience while the market is going against but you can hold while the market is in your favor. You need to have a realistic target before you place trade.
I believe he was thinking that it will go up more than that. But who knows, in the long run, it will be more than $8450 in the next coming weeks or months? He panicked and sold it lower than what he had bought it. That's a learning experience there. So if you see that you are already in profit and you don't want to wait any longer, better sell it, even if the profit is not what you wanted. At least you are on the positive side.
Also, was my emotional reaction right?
In that very moment, i honestly thought the price may dip to 7000 or below again sooner or later, i exactly don't know why. I felt it was just a temporary pump and dump due to a false climate of uncertainty ( since Iran is unlikely to start a war against U.S., but the people temporarily thought so).
But as soon as i sold, the price bounced and now it is at 8060.
So i am not sure my reaction was right.
What do you think?
Iran issue was the reason why Bitcoin pump just told by the others, not only Bitcoin was pumped but also the Gold and Oil prices.In that very moment, i honestly thought the price may dip to 7000 or below again sooner or later, i exactly don't know why. I felt it was just a temporary pump and dump due to a false climate of uncertainty ( since Iran is unlikely to start a war against U.S., but the people temporarily thought so).
But as soon as i sold, the price bounced and now it is at 8060.
So i am not sure my reaction was right.
What do you think?
The pump was almost $1,000 with the span of just around 24hours..
But for me, the current Iran issue nothing to do with Bitcoin especially if we based more on technical side:
About your decision selling it to around 7900, always remember, profits is profits. You can seek another trade opportunity nextime, don't be mad.
You must have learn your lesson of not too greedy of holding up to your position for a long time. Supposed you sell when Bitcoin was trading around $8450 you would have end up in profit than you selling at lost. You can't maintain patience while the market is going against you but you can hold while the market is in your favor. You need to have a realistic target before you place trade.
i got anxious, and i sold at 7900.
This is why people don't make money trading--they let their emotions get the better of them. My opinion is that it's a much easier and less stressful tactic to just buy bitcoin and hold it for the long term. That way you don't have to be constantly watching every fluctuation of its price, wondering what's causing the price movements. Who cares, anyway? The jump to above $8k could have been due to the Iran-US situation or it might not have. We'll never know, will we?You know you're on the "Trading Discussion" board right? A successful trading strategy can repeatedly beat a long-term buy and hold strategy, even a DCA strategy can beat buy and hold. Buy and hold may be the easiest, but it's not the most profitable.
No, it is not. Nobody in their right mind would consider bitcoin a safe haven asset, and all you'd have to do to convince yourself that it isn't would be to look at the 10-year price chart. Gold has been relatively stable in the past ten years, whereas bitcoin has been like a manic depressive mental patient off his medications.
And the attitude of new investors toward Bitcoin is like useless pills for a mental patient, there are so many kinds of drugs mixed together, they backfire each other accidentally, and finally, we get a bitcoin at present value, fly around and never settle down 
In the end, bitcoin cannot be an asset enough to replace gold, but at least it gives us freedom in the currency if in a remote place, another country, for example.
With that panic we didn't realize that bitcoin will grow again and need some more time, I always control what I experience now when buying bitcoin in such a situation, I will not be dependent on news that is aware there about my US and Iran conflicts will see the movement of bitcoin at any time to ensure an increase.
Just as The Pharmacist said above that you can forget the news and hold them for long time (like 4 years as how the halving works) and sell them when it is in the highest level. It is the easiet way to make profit but still, rumour and news (like what happened to Iran and USA) are useful for those who do trade in short-term basis to make daily, weekly or monthly profits.
I really didn't think the Iran situation had much influence on the price of Bitcoin. But, after seeing the price go up during all of that mess and then dumping almost immediately after President Trump released a statement, I must admit that I think I was wrong. I guess there's always paranoid people out there that think the worst is happening and will invest in things like this during tough times.
you denied to sell on $8,300 but rush to sell below 8k$?it seems that Greed covers the whole system here?that is why you have waited for more highers value but ended up panicking when the value starts to fall down.
this is why i make sure that everytime i invest in bitcoin is i can afford to hold that certain amount if ever the price bounce again.like what the scenario yesterday when price goes up speed and down speed as well.
this is why i make sure that everytime i invest in bitcoin is i can afford to hold that certain amount if ever the price bounce again.like what the scenario yesterday when price goes up speed and down speed as well.
Bitcoin is bullish because in the long term it's inflation will decrease and disappear. That itself makes it grow in value because the same number of bitcoins has to describe growing value of the world around us. World conflicts are just a temporary distraction throwing the priorities off balance in some parts of the world. I don't think Iran in particular has any noticeable effect on bitcoin. US maybe. China more likely, because that's where many miners are.
But as soon as i sold, the price bounced and now it is at 8060.
So i am not sure my reaction was right.
What do you think?
So i am not sure my reaction was right.
What do you think?
Many people suggest not to add feeling or emotion in your decision making. I see this as panic reaction when you realize it was getting dip again and resulted you a loss.
Could not be wrong but just not totally right.
With that panic we didn't realize that bitcoin will grow again and need some more time, I always control what I experience now when buying bitcoin in such a situation, I will not be dependent on news that is aware there about my US and Iran conflicts will see the movement of bitcoin at any time to ensure an increase.
Also, was my emotional reaction right?
In that very moment, i honestly thought the price may dip to 7000 or below again sooner or later, i exactly don't know why. I felt it was just a temporary pump and dump due to a false climate of uncertainty ( since Iran is unlikely to start a war against U.S., but the people temporarily thought so).
But as soon as i sold, the price bounced and now it is at 8060.
So i am not sure my reaction was right.
What do you think?
The tension died down so it seems. The talks about it lasted for about 2 - 3 days, which was seen with the rise of BTC, but then Trump responded quite peacefully to the retaliation of Iran, which literally dwindled down the interests of traders towards BTC. As for any possible push, I doubt any in the near few weeks. FOMO about the halving should only appear by Mid February or so, and other than that, there really isn't much news capable of pushing BTC (Currently).
Also, was my emotional reaction right?
In that very moment, i honestly thought the price may dip to 7000 or below again sooner or later, i exactly don't know why. I felt it was just a temporary pump and dump due to a false climate of uncertainty ( since Iran is unlikely to start a war against U.S., but the people temporarily thought so).
No. I mean, any emotional reaction is honestly a HUGE mistake when it comes to trading. We only trade based on facts, analysis, predictions, etc. Heck, even a blind guess is a lot better than something called emotions. In that very moment, i honestly thought the price may dip to 7000 or below again sooner or later, i exactly don't know why. I felt it was just a temporary pump and dump due to a false climate of uncertainty ( since Iran is unlikely to start a war against U.S., but the people temporarily thought so).
But as soon as i sold, the price bounced and now it is at 8060.
So i am not sure my reaction was right.
What do you think?
So i am not sure my reaction was right.
What do you think?
Many people suggest not to add feeling or emotion in your decision making. I see this as panic reaction when you realize it was getting dip again and resulted you a loss.
Could not be wrong but just not totally right.
It may somehow affect the price as usd is an international currency so far. We cannot deny the fact that the movement of usd also affect btc as these two are seemingly the price reference of all currency. Bitcoin increases as usd losses its value. The war between Iran and America is a big opening number this year and is a big comeback of bitcoin somehow. It may sound bad as specifically it needs a war to make it work somehow but as they say anything could happen.
i got anxious, and i sold at 7900.
This is why people don't make money trading--they let their emotions get the better of them.
Because they believe they're acting on the right information. I used to trade more actively based on news too. I learned the hard way. Haha.
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My opinion is that it's a much easier and less stressful tactic to just buy bitcoin and hold it for the long term. That way you don't have to be constantly watching every fluctuation of its price, wondering what's causing the price movements. Who cares, anyway? The jump to above $8k could have been due to the Iran-US situation or it might not have. We'll never know, will we?
The only information we need. ATH in hashing power, ATH in Bitcoins HODLed.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html
https://bitinfocharts.com/top-100-dormant_1y-bitcoin-addresses.html
Buy the dip, and HODL.
Trump's attitude has softened and the US opened the opportunity for negotiations with Iran, on the other hand the Iranian foreign minister also did not want an escalation of war, they were only defending themselves. If we look at the latest conditions, we can be sure that bitcoin and gold will go down again. I do not want to associate it too much with crypto, but actually it has caused quite positive speculation about a temporary increase in btc.
Looks like a buy high sell low example. I have done that several time in the past, you haven't done the worse yet after all the price hasn't drop a thousand. The possibility of war I think contributed the panic buying of BTC but its not just it because right now investors knew halving is coming, if you just wait the price will eventually go up. Keep watching the hourly chart for oversold signals.
i got anxious, and i sold at 7900.
This is why people don't make money trading--they let their emotions get the better of them. My opinion is that it's a much easier and less stressful tactic to just buy bitcoin and hold it for the long term. That way you don't have to be constantly watching every fluctuation of its price, wondering what's causing the price movements. Who cares, anyway? The jump to above $8k could have been due to the Iran-US situation or it might not have. We'll never know, will we?~snip~
This week bitcoin has good movement but I see many people related this moment with global politic event, such as about USA president that suspected doing something bad. From this reason create negative impact into USD and giving bitcoin chance to fix his value. So far I know only currency and primary commodity ( oil ) will get impact if something bad happen in politic, I don't see any relation with bitcoin. Crypto movement only can moving by development program, economic issues and event. In this part I disagree involve politic issue with crypto market.
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