I'm trapped in trading | Bitcointalksearch.org

Yamifoud

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Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think the price will fall again or keeps surging?

It's either of the two suring or dumping. But as we notice the current market flows, it eventually changes into a positive outlook that bitcoin price may surge high instead of getting down IMO. I believe halving has a huge market impact and yet, it is already been noticeable at this time. It could be more pumps maybe will occur as we are getting close on that launch date.

Well, its either be this year is bullish or bearish again and still, we have to accept the reality. Crypto isn't controlled by someone and prices may varies depending on the market demand and supply.

Barbut

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I think Bitcoin will go a couple more times under $9k before it takes off. Now $10k is close, it wouldn't be strange for the price to check that high levels before it drops back under $9k. In my opinion if Bitcoin crosses $10k that will be a good signal for selling, if it goes under $9k it will be a good signal for buying.

barbara44

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Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

I am strongly linked with trading but I can't say that I am trapped in trading. But, actually I love trading and I am actively filling profits from leverage trading even in the bearish signs of the bull markets. This is what makes me more interested in trading and I am spending most of my day in speculating the graphs.

I do hold some stable coins like the USDT in order to buy bitcoins at the correct dip which I can never afford missing and hence I feel like it is a must for each of the trader to hold some stable coins which would help them to enter bitcoins at an approx price. Prices for bitcoin markets might feel like they are surging but they can never be trusted upon. Markets might show us great movement ahead but we need to predict the direction of the movement.

criza

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Quote from: Smitty Werben Man Jensen on January 31, 2020, 07:53:27 AM

Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

Do you sell it when bitcoin goes down? indeed the price is now quite satisfactory for traders who hold Bitcoin, I myself sold it yesterday when at $ 9200, surely the price will go down again maybe correction, keep calm

Bitcoin price in the present is steadily increasing and would continuously increase in this year. It survived the $8,000 struggle last year and I think it would not fall again into that price.

Trading sure is hard especially when dealing with crypto currency that are volatile that its price would increase and decrease anytime. Patience is also a key here in trading, so be sure to wait for the right time to trade your asset bro.

maxreish

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You are not the only one, bro. I have always experienced the same before hoping that my coins will still go up the way I am expecting it to be but rather, it went down and hard to pump or recover. I have learned my lesson now. So, what I usually do is to step a stop loss price for example in Binance if my coin reaches down to 3-5 %then that is the time I am going to sell if. At least, it saves up my big loss and even get out of the trap immediately.

bering

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That's why many people suggest to buy more on the last year because that's good opportunity to buy cheap bitcoin and during this rally i think it's very normal if you fear to buy because there are the risks after buy the price will down and you lost your money but usually instead of fear to buy again while uptrend there are small corrections for the price itself so it could be the right time to buy

GreatArkansas

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Quote from: JohnBitCo on February 02, 2020, 10:35:45 AM

Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? (....)

So you converted your coins in USD thinking bitcoin will fall again. At which price did you convert them in usd ?
Bitcoin will not always fall. You should know the resistance and support for bitcoin and only then convert the coins.
(....)

In your statement, seems like that is easy to do. Converting your coins to USD anytime when we reach support and resistance, there's a lot of supports and resistance in different timeframes and for sure that's difficult to spot. Even professional traders are having hard time where is the supports and resistance.

Although you can make profits by trading within supports and resistance, and you know that is also important in trading, most of the traders should know to identify supports and resistance BUT still, you can't guaranteed.
That's why we still need more things in trading, like the stop-loss, risk reward ratio/risk management etc.

Kelvinid

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Quote from: hirngespenst on February 02, 2020, 01:47:02 PM

If you feel like this, I would say you stop trading for a while and start learning the price chart. If you are able to read the price chart perfectly then you will know when to convert into USDT and when to in Bitcoin. You may try with the Cryptowhale bot in telegram with the /ch command to look at the price chart very easily but deeply, I believe that will be helpful for you as a beginner and keep learning the trade. Good Luck.

And it feels that OP needs space for him to realize and think deeply in order to have a bright decision and to have a simple plan about his funds. To farther enhance his trading capabilities, it is better also to take time to follow the steps or whatever successful traders have been done before. Becoming a trader isn't perfectly made simple, and yet losses are always a part of it. But we don't give up and won't stop learning, we gonna surpass these struggles and difficulties that we've facing. And the most thing is that we know our limitations.

hirngespenst

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If you feel like this, I would say you stop trading for a while and start learning the price chart. If you are able to read the price chart perfectly then you will know when to convert into USDT and when to in Bitcoin. You may try with the Cryptowhale bot in telegram with the /ch command to look at the price chart very easily but deeply, I believe that will be helpful for you as a beginner and keep learning the trade. Good Luck.

JohnBitCo

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Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

So you converted your coins in USD thinking bitcoin will fall again. At which price did you convert them in usd ?
Bitcoin will not always fall. You should know the resistance and support for bitcoin and only then convert the coins. Without proper analysis, you will be stuck by making wrong decision.

wozzek23

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Quote from: justdimin on February 02, 2020, 01:09:14 AM

Looking at the price the drawback doesn't seem like going to happen anytime soon, the support is getting more and more powerful each day and that means the drop would be very difficult as well, previously the latest support was around $7k levels, nowadays its around $8.3k levels which is still a decent fall and that is bad but now we are building support even higher as well, that means even if there is a drop it may be small and if the drop doesn't happen that means we will go even further with the mindset of "if its not going down, it will go up so I should buy more" and when you think like that the price goes up anyway.

So, I see the price going up even further, even if there is a small fall in the end we will end up higher at the end of this month for sure.

Yes, many people do get that feeling of trapped when price goes up and they are not in bitcoin at that moment, the people who bought already bought and holders are holding, so reality is people do not really know what to do when they are at stablecoins and they see bitcoin going up.

If you buy right now, it may not continue that upward trend and may start to go down, nobody knows if it will do that or not. On top of that if you do not buy and it goes even further high, you missed the first chance but you will miss the second chance as well. So all in all whatever you do in this scenario, its very risky and you will miss something out if you just keep on watching without doing anything. Hopefully we will find a price that we are willing to go in and then it goes up.

jhonjhon

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Quote from: TanakabZX on January 30, 2020, 07:08:48 AM

The halving HYPE is too strong and it's working perfectly on bitcoin price for now at least, we might actually not see price declining again, i am holding some USDT as well, i thought i was smart but i was wrong

The hype is indeed very strong now and it shows positively on bitcoin's price in the past days and hopefully, it will continue to surge in the coming days. Though we still don't know for sure because something might happen that can lower the price but I just think it'll be within the $8,500 - $9000 if in case it will go down. For me the price now is very good and in fact, I'm having profits little by little.

kraiwoc2

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I think that is not so simple to predict exactly how the market will behave. I'm sure that there will be both unexpected ups and downs. But in general, I think that the market will go up over the next half year. Therefore, we need to prepare for this (but we also need to understand that everything can go wrong).

maydna

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Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

I am one of them too Grin

Having stable coin is another way to prepare to buy bitcoin when it is down. I am sure that the bitcoin price will not just increase, but it will decrease too, and usually, after the price can increase, in the next moment or next day, the price will fall to the lower price. Bitcoin price will always be like that, so if you want to buy bitcoin, you need to wait for a while until the bitcoin price can go down, and you can get bitcoin at a lower price.

But if you already have bitcoin by buying in some range of the price, and you are afraid of the price will go down in the next hours, you can sell it for some amount to wait for buying at another lower price, or you can hold it for more. Bitcoin prices will not stay forever at a low price or high price, but the price will always volatile. Unfortunately, we don't know where bitcoin prices will move, and we can only predict what will happen in the next hours.

justdimin

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Looking at the price the drawback doesn't seem like going to happen anytime soon, the support is getting more and more powerful each day and that means the drop would be very difficult as well, previously the latest support was around $7k levels, nowadays its around $8.3k levels which is still a decent fall and that is bad but now we are building support even higher as well, that means even if there is a drop it may be small and if the drop doesn't happen that means we will go even further with the mindset of "if its not going down, it will go up so I should buy more" and when you think like that the price goes up anyway.

So, I see the price going up even further, even if there is a small fall in the end we will end up higher at the end of this month for sure.

btc78

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Quote from: Febo on January 31, 2020, 06:36:08 PM

Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

You should ever go full retard. Never sell all Bitcoin, always keep some. What if when you see all we have huge run to $300.000? What you will do then? Yes play a bit but have no Bitcoin at all, although you know Bitcoin will change financial world, is just fatally dumb. What you will tell your grandsons 30 years form now? I was there when all happened. I sold all. LOL

Exactly what we must do if the trust for crypto is in our thoughts,for those newbie here maybe they did not experience the massive bullrun of 2017 but for us who witnessed the hype?No we always have this idea that market can go forward and grow up to more than we could expect.
The $20k value we saw in the end of December 2017 is the proof how crypto market can be and specially to bitcoin in whos the majority of investments is on this side.
No wonder what people who sold all their bitcoin in 4 digits will feel if they saw the 5-6 digits value?or what about the 7 digits that McAfee has been predicted?

Capt00

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Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

If you aren't able to catch the cheap price before it soars high, it will be sorry by then. You are just wasting your time if you keep waiting for it to turn back down again. I could suggest that you better find another coin or just make some additions to your Stable coins since you are still holding it by now.
You shouldn't have to trap yourself because you mess something, why not to trust another coin that shows a good market reputation. Or you'll have to take the current price it has today. Nothing could be wrong with that provided that certain coin isn't played by hypes.

Ridwan Fauzi

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Quote from: Furryball on January 30, 2020, 06:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

Move this thread to trading disscussion because it's worthy to be there if your concern is trading.

First of all, you have to make an analyst by yourself. I mean, you will understand what price that will be touch by bitcoin later. And as a trader you should have this strategy because it is a benchmark you will get profit or lose.

But if you intend to choose long term trade then I think you can buy bitcoin at anytime price moreover with this current situation when the sentiment market is good. Even you will be fine as well when bitcoin price is fall because you just need to change your strategy to be a holder.

coinfinger

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Quote from: BitHodler on January 31, 2020, 07:00:16 PM

I know how it feels to be left behind where you hope that the price tanks hard so that you can finally load up on Bitcoin, but waiting for the price to tank isn't a good way to deal with this situation.

It's better to use 25% of what you have in stablecoins to buy Bitcoin so that you at least have a decent position in case the price doesn't go down but only heads higher, which currently is the more likely outcome.

The market has given enough signals that it is ready for a trend reversal. People often think that there are sellers lined up to sell whenever they have a chance, but that's not the case. This is a buyers market. Don't short it.

There are a lot of big whales which are waiting to diversify their holdings and also most of them are waiting for a dip to enter bitcoins. This might perhaps bring the price for bitcoins a bit down before they could experience a pump but yes, there would be a lot of buy orders which would directly pump the price for bitcoins.

The charts already are showing us some signs of the bullish trends and this is what makes the big whales accumulate onto the markets. Once the big whales accumulate on the certain price, we could experience a greater price growth in the coming times which might even trigger the bull runs. Even shorting in this market might be good if we find some dips and peaks in short term trading which might even give us stable profits.

Reid

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Shit happens, and it does happen a lot for all the traders specially now that pairs used is with stable coins.
Unlike before where you are waiting for the alts to grow after selling your bitcoin.
Now, you do nothing after selling it.
Will you wait or will you look for another option? Grin

Topic: I'm trapped in trading (Read 581 times)