I'm officially sick of the bitcoin price right now...

Silberman

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Quote from: dunfida on November 21, 2019, 12:05:22 PM

Quote from: Silberman on November 21, 2019, 11:56:26 AM

Quote from: andycarrol on November 21, 2019, 06:40:22 AM

and right now the price of bitcoin is touching below 8000 usd, I am a little panic if it will go down further. ya, maybe it's not a good idea to sell now and try to buy again below, because I have limited funds. no choice may have to be patient until next year. just hoping the end of the year can back to 9000 or 10000 usd.

If you are constantly taking bad decisions when it comes to investing then you need to rethink what you are doing in the markets, there were many investors that were very happy with the huge pump in the price that we saw weeks ago, but to me that was an obvious bull trap, instead of seeing a small and steady growth in the price of bitcoin the price went up very rapidly, that told me that was a fake movement and since then the price has been going down and it is returning to its true level.

Differentiating a bull trap and the real one is really hard. Are you sure that you dont have those thoughts that it might be already the start of the bull phase?
Basing on TA's on identifying bull trap can be spot out but we know that anytime it can be breakout without our awareness or notice thats why people do
keep on committing mistakes when we do trade.Some are just lucky to follow up their guts and intuition when it comes to decisions on getting out while they are still on greens.

Well no one ever said that trading was going to be an easy activity, in fact I have made my own share of mistakes that have cost me money during my time as a trader, but at the end it doesn't matter because I learned from those mistakes and now I am a better trader because of it and despite all of this I still got profits and I'm happy with my performance and I know that as time passes that performance is going to be even better since I have tested my strategy throughly.

gentlemand

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Quote from: jhonjhon on November 17, 2019, 10:01:35 AM

I think the reason why people who got easily sick with the market invested in bitcoin thinking that it provides easy money in a short period of time without really understanding the bitcoin market fully.

I don't really understand how you can fail to digest its history by this point. You get a boom. Then you get a bust. You'd better acknowledge that it's going to happen.

You can make easy money provided you arrive at the right time and, rather more importantly, leave at the right time. Very few have the judgement and balls to time it.

My preference would definitely be to put that cycle to bed and settle into something much steadier but it seems we're still a long, long way from it.

Lucky7btc

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This is what happens when Wallstreet gets there hands on BTC and future trading.

dunfida

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Quote from: Silberman on November 21, 2019, 11:56:26 AM

Quote from: andycarrol on November 21, 2019, 06:40:22 AM

and right now the price of bitcoin is touching below 8000 usd, I am a little panic if it will go down further. ya, maybe it's not a good idea to sell now and try to buy again below, because I have limited funds. no choice may have to be patient until next year. just hoping the end of the year can back to 9000 or 10000 usd.

If you are constantly taking bad decisions when it comes to investing then you need to rethink what you are doing in the markets, there were many investors that were very happy with the huge pump in the price that we saw weeks ago, but to me that was an obvious bull trap, instead of seeing a small and steady growth in the price of bitcoin the price went up very rapidly, that told me that was a fake movement and since then the price has been going down and it is returning to its true level.

Differentiating a bull trap and the real one is really hard. Are you sure that you dont have those thoughts that it might be already the start of the bull phase?
Basing on TA's on identifying bull trap can be spot out but we know that anytime it can be breakout without our awareness or notice thats why people do
keep on committing mistakes when we do trade.Some are just lucky to follow up their guts and intuition when it comes to decisions on getting out while they are still on greens.

Silberman

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Quote from: andycarrol on November 21, 2019, 06:40:22 AM

and right now the price of bitcoin is touching below 8000 usd, I am a little panic if it will go down further. ya, maybe it's not a good idea to sell now and try to buy again below, because I have limited funds. no choice may have to be patient until next year. just hoping the end of the year can back to 9000 or 10000 usd.

If you are constantly taking bad decisions when it comes to investing then you need to rethink what you are doing in the markets, there were many investors that were very happy with the huge pump in the price that we saw weeks ago, but to me that was an obvious bull trap, instead of seeing a small and steady growth in the price of bitcoin the price went up very rapidly, that told me that was a fake movement and since then the price has been going down and it is returning to its true level.

andycarrol

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Quote from: barota on November 21, 2019, 05:50:06 AM

Quote from: andycarrol on November 18, 2019, 09:06:51 AM

Quote from: Silberman on November 17, 2019, 10:46:29 AM

Quote from: coolcoinz on November 16, 2019, 09:32:06 AM

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

Quote from: wozzek23 on November 14, 2019, 08:12:39 AM

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

I think in the exact same way, if I did not panic and I did not sold my coins when bitcoin reached its lowest point this year and I was sustaining losses why should I panic now when the price of bitcoin is higher than at that time, it is better to not think too much about the market otherwise we will always be in a state of frustration, as those that want the price to go up that are mad because the price is not doing what they want while those that want the price to go down are mad as well by the same reason.

I am always greedy when prices rise, I want prices to continue to increase and ultimately I do not sell at the highest price. but when prices fall I always panic and want to sell it right away.
when it's already selling, then the price increases again, but when I buy why the price always goes down, like a few days ago when I bought at $9500 I thought it would go above $10k, but now it almost even touches $8k and I'm really frustrated with the price at this time.

no one can predict the peak for sell . and you most hold for long term without selling for buying again . remmember past bull run of the past when prices rose without stop . this is the risk when you try buying and selling . the cause of current drop is that some or little traders want buying under 10000 usd per btc

and right now the price of bitcoin is touching below 8000 usd, I am a little panic if it will go down further. ya, maybe it's not a good idea to sell now and try to buy again below, because I have limited funds. no choice may have to be patient until next year. just hoping the end of the year can back to 9000 or 10000 usd.

barota

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Quote from: andycarrol on November 18, 2019, 09:06:51 AM

Quote from: Silberman on November 17, 2019, 10:46:29 AM

Quote from: coolcoinz on November 16, 2019, 09:32:06 AM

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

Quote from: wozzek23 on November 14, 2019, 08:12:39 AM

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

I think in the exact same way, if I did not panic and I did not sold my coins when bitcoin reached its lowest point this year and I was sustaining losses why should I panic now when the price of bitcoin is higher than at that time, it is better to not think too much about the market otherwise we will always be in a state of frustration, as those that want the price to go up that are mad because the price is not doing what they want while those that want the price to go down are mad as well by the same reason.

I am always greedy when prices rise, I want prices to continue to increase and ultimately I do not sell at the highest price. but when prices fall I always panic and want to sell it right away.
when it's already selling, then the price increases again, but when I buy why the price always goes down, like a few days ago when I bought at $9500 I thought it would go above $10k, but now it almost even touches $8k and I'm really frustrated with the price at this time.

no one can predict the peak for sell . and you most hold for long term without selling for buying again . remmember past bull run of the past when prices rose without stop . this is the risk when you try buying and selling . the cause of current drop is that some or little traders want buying under 10000 usd per btc

pixie85

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Quote from: andycarrol on November 18, 2019, 09:06:51 AM

I am always greedy when prices rise, I want prices to continue to increase and ultimately I do not sell at the highest price. but when prices fall I always panic and want to sell it right away.
when it's already selling, then the price increases again, but when I buy why the price always goes down, like a few days ago when I bought at $9500 I thought it would go above $10k, but now it almost even touches $8k and I'm really frustrated with the price at this time.

You're the average investor! Most people think like you and there even diagrams that show how the market follows a circle path and people always overreact and overshoot the target.

Do you remember how when we fell below 5000 USD Tone Vays and some other traders were screaming that it's going to 1000 and it has to go there because technicals demand it and there was no capitulation? They overshot the same way people were later overshooting when we broke 10 thousand that now it's full bull market and we have to go to 20.
The average investor panics, overshoots prices, is too hesitant in a bear market and too sure of himself in bull.

andycarrol

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Quote from: Silberman on November 17, 2019, 10:46:29 AM

Quote from: coolcoinz on November 16, 2019, 09:32:06 AM

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

Quote from: wozzek23 on November 14, 2019, 08:12:39 AM

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

I think in the exact same way, if I did not panic and I did not sold my coins when bitcoin reached its lowest point this year and I was sustaining losses why should I panic now when the price of bitcoin is higher than at that time, it is better to not think too much about the market otherwise we will always be in a state of frustration, as those that want the price to go up that are mad because the price is not doing what they want while those that want the price to go down are mad as well by the same reason.

I am always greedy when prices rise, I want prices to continue to increase and ultimately I do not sell at the highest price. but when prices fall I always panic and want to sell it right away.
when it's already selling, then the price increases again, but when I buy why the price always goes down, like a few days ago when I bought at $9500 I thought it would go above $10k, but now it almost even touches $8k and I'm really frustrated with the price at this time.

Silberman

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Quote from: coolcoinz on November 16, 2019, 09:32:06 AM

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

Quote from: wozzek23 on November 14, 2019, 08:12:39 AM

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

I think in the exact same way, if I did not panic and I did not sold my coins when bitcoin reached its lowest point this year and I was sustaining losses why should I panic now when the price of bitcoin is higher than at that time, it is better to not think too much about the market otherwise we will always be in a state of frustration, as those that want the price to go up that are mad because the price is not doing what they want while those that want the price to go down are mad as well by the same reason.

jhonjhon

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Quote from: Wysi on November 08, 2019, 11:41:22 AM

Quote from: Kasabus on November 08, 2019, 02:30:46 AM

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True, everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy. We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned.

I think the reason why people who got easily sick with the market invested in bitcoin thinking that it provides easy money in a short period of time without really understanding the bitcoin market fully. Well, it is true that bitcoin is a good source of income but that is if the market is in the bullish times but always remember that the market is not always bullish sometimes it becomes bearish for months before becoming bullish again. Bitcoin is not the same as those ponzi scheme where they promises bog returns in a short time, for you to survive in the bitcoin industry you have to understand how the market really works and also ready for all the risk it has with it.

Kemarit

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Quote from: Wexlike on November 16, 2019, 11:23:36 AM

Quote from: Kemarit on November 16, 2019, 09:16:06 AM

Quote from: Wysi on November 08, 2019, 11:41:22 AM

Quote from: Kasabus on November 08, 2019, 02:30:46 AM

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True, everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy. We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned.

It is a learning curve because no one really know how the price will go, either short or long term.

That's why we have seen countless TA resulting in the opposite direction. When we thought that the price is going to hold, suddenly it goes on the opposite direction. I still remember in 2018, wherein there are lot of experts prediction that the price would go down below the five digit market, but look at to what happen after reaching all time high.

To the OP, Its pretty obvious that newbies like you will be disappointed, but as what I have been saying, let the market takes it's normal course and eventually we will get this hump.

I think you mean 2017 ? In 2018 it was rather the question if the $6k support would hold. That was devastating when we broke through.. Lips sealed

No, it's 2018, remember that in December 2017 we reached all time high and everyone is very happy. But beginning of 2018, the bubble has been burst and all signs that the price will go down hard. But the so called experts says that the price won't go below $10,000, LOL, at the end of 2018 the price is pegged at $3200 if my memory serves me right.

We're just collateral damage of that BCH vs BSV hashing war, damn Ver and cohorts vs CSW, that's why the $6000 support levels was broken that time. Anyways, we have move on already, still tough times ahead, but we still have aces in our sleeves, the "Block Halving".

piebeyb

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Leading Crypto Sports Betting & Casino Platform

who invited you to come to this forum and invest in bitcoin, that person must be annoying for you, when you made this post the price of bitcoin dropped dramatically and even at this time maybe you see the price is still not showing a definite change, but hope you might haven't sold your bitcoin until now and still hold it, if you still hold it you don't need to sell it just wait for the time not too long next year, hopefully you get a bitcoin price that doesn't make you sick Cool

Wexlike

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Quote from: Kemarit on November 16, 2019, 09:16:06 AM

Quote from: Wysi on November 08, 2019, 11:41:22 AM

Quote from: Kasabus on November 08, 2019, 02:30:46 AM

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True, everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy. We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned.

It is a learning curve because no one really know how the price will go, either short or long term.

That's why we have seen countless TA resulting in the opposite direction. When we thought that the price is going to hold, suddenly it goes on the opposite direction. I still remember in 2018, wherein there are lot of experts prediction that the price would go down below the five digit market, but look at to what happen after reaching all time high.

To the OP, Its pretty obvious that newbies like you will be disappointed, but as what I have been saying, let the market takes it's normal course and eventually we will get this hump.

I think you mean 2017 ? In 2018 it was rather the question if the $6k support would hold. That was devastating when we broke through.. Lips sealed

coolcoinz

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I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

Quote from: wozzek23 on November 14, 2019, 08:12:39 AM

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

Kemarit

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Quote from: Wysi on November 08, 2019, 11:41:22 AM

Quote from: Kasabus on November 08, 2019, 02:30:46 AM

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True, everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy. We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned.

It is a learning curve because no one really know how the price will go, either short or long term.

That's why we have seen countless TA resulting in the opposite direction. When we thought that the price is going to hold, suddenly it goes on the opposite direction. I still remember in 2018, wherein there are lot of experts prediction that the price would go down below the five digit market, but look at to what happen after reaching all time high.

To the OP, Its pretty obvious that newbies like you will be disappointed, but as what I have been saying, let the market takes it's normal course and eventually we will get this hump.

jhonjhon

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Quote from: wozzek23 on November 14, 2019, 08:12:39 AM

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

Given this, we should already know better that these people spreading predictions just wanted to create confusion to people most especially newbies. I also think that these people spreading these unreliable predictions who are somehow linked to whales who just want to create commotion and also try to manipulate the price through these predictions. It is better that you understand the market on your own and make your own predictions.

perfect999

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Quote from: Triffin on November 10, 2019, 10:53:57 AM

People simply rely on the predictions of those people who have history of making appropriate predictions. Most of the times, these prediction makers are the ones who have deep connections with the teams of coin projects and are in touch with the whales who are capable of making hug changes in the market. In addition to this, we cannot ignore their significant market and technical knowledge. In short, not everyone can make predictions. People follow these mentors for predictions.

I would not doubt what you have said here because that is what is happening, and this is the main thing that makes me not to pay much attention to some of these public figures that are just coming up to predict prices, create fud or fomo to just say things that will be in their own favor and you see lots of people believing so much in them and thinking their own value is the most accurate one.

Listening to people’s opinion will only miss guide us, and we should learn to always do a proper analysis on the market ourselves, because whoever we say are expert in predicting the value of bitcoin are not the expert that we think they are, but manipulators who are also working with some of these terrible whales. I have learnt to just study them and know when to get to the market through them.

wozzek23

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The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

owengtam09

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Quote from: superlative on January 15, 2018, 07:38:55 PM

.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle. I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again? It just seems like a really long sideways movement.

On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers. What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)? Another month? March?

I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).

Thanks.

You are just here on September and for sure you actually didn't know the flow of the price of bitcoin, if someone told you that bitcoin will reach $50k this year then why would you believe that? No one knows here what would really happen on the market, all people here are just predicting and there is no exact prediction happen with their prediction. Don't invest immediately if you didn't fully understand the flow of the market.

Topic: I'm officially sick of the bitcoin price right now... (Read 3197 times)