I'm trapped in trading - page 3. | Bitcointalksearch.org

Smitty Werben Man Jensen

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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 ?

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

sunsilk

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I've been into that situation before but when I have already noticed that whenever I trade, I've decided to simply hold it until I can. There's no stress, there is no worry if the price will fall back because I can just buy back again with my extra cash.

Use that experience as part of your lesson in trading so that you will not commit it again in the future. This is the very reason why many are telling to HODL ever since but only a few people have listened.

rodskee

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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 ?

Part of my holdings comes from my trapped amount wayback 2018 when the market suddenly fall badly ,thinking it will recover again i tend to keep on holding but the sad part is?MArket continues to fall until my funds fall more things that i cannot handle to sell off.
Lucky that in the beginning of 2019 when bitcoin down to 3k$ level then i took advantage and buy half of our family savings,and my family are now happy because of what we are having ,i am planning now to send back our savings and just let my bitcoins until this year end or in the first quarter of 2021.

pooya87

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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?

have you ever seen the "big green dildos" on the charts before? that is when price suddenly shoots up $2000 in half an hour. that means you are not alone in making this mistake. there are lots of others who make the mistake of selling during a rise and waiting for the price to drop so that they can correct their mistake. then as price keeps going up they eventually give up waiting and do a FOMO buy hence causing the sharp rise.

wheelz1200

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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 ?

That's why trading is so risky, you miss more of the large upsides then you do sniping little wins here and there. Incrementally buy back in. Can it fall yeah can it go to 20k yep...dont completely miss out

CryptoVzla

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www.thegeomadao.com

this situation is the best time to trade because bitcoin price was jumped over this week, its very good to grab some cheap altcoin to trade, its because when bitcoin price are high, the value of satoshi that you bought altcoin will rise to. no one is trapped i think, because its really best time to trade and make some profit from this bear market situation, if i had more capital to trade, i would like to trade it more.

Saint-loup

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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 ?

You need to wait till the end of the coronavirus outbreak. Price should go back to $8k after that. But before it can go way higher than the current price, it can reach $11k or even $12k in my opinion. I don't hope to see that because it would mean the outbreak is really serious. Good luck.

masterrex

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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 guess its normal when you are doing trading that was also my problem before but thanks I was overcome it, normally when buying some coins/tokens you wait until the price becomes more profitable as you think but sometimes you missed the pump that's why you are now trapped with that price, and you are hoping that the price will back to that point but it's not, in Bitcoin price my opinion is I believe that bitcoin price will stabilize in the present territory and it will not dip more.

Ucy

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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 think you did OK... but if I were you, I would sell only a part of my holding for stablecoin and leave the remaining part... so that if the price keeps rising, I will gain from my Bitcoin holding but if it dips, I will probably sell half of my stablecoin holding for more Bitcoin. If price dips again, I will sell my stablecoin for Bitcoin. If Bitcoin goes up I sell some for stablecoin. You could automate this, I guess.

joseyphil82

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You are on safer side if you have your stable coin, we can't predict what will happen in February next month and i still have strong feeling that this uptrend won't last that long, though it might recover too but some will take the advantage of the bullish price

aioc

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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 cannot keep up then you should stop trading, trading takes a lot of time and money you should just buy and hodl coins that are worth investing because the price is moving up, although this is the best time to trade if you cannot keep up with the time of studying the chart then go for this strategy of buying coins with good potential.

RapidsNetwork

newbie

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Thinking it will go up, but not all to sure. Thought it was going to drop one last time but then reversed. Which isnt bad at all. Just means more money for those that are hodling. Right!

istiak2277

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KUWA.ai

I am also one of them. But I was a trap with alts and I didn't go up. I sell all my token with 60% loss as I can remember. Cry

sjbi

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www.thegeomadao.com

Not only you many of the people involved in cryptocurrency do the same. As the crypto market is highly volatile, traders and investors are well aware that their investment may sink anytime. So it is the best option to convert your coins into stable coins so you can trade safely. But sadly for me, I have not done it so far as I do not have enough worth of coins.

bgaf

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That's not a gamble mate. I think trading is risky and we can't predict what would be the market outcome. As you can see some traders, knows where to sell and where to buy during this kind of volatility. But the price range of course isn't far than maybe what youre expecting. Right now btc price playing around 9k to 9.3k and the support is very strong on 9k level already. We dont know if some whales will play this to let it dump below that range. I suggest you just hold it if youre not the type of trading to ease your pain.

GreatArkansas

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CoinPoker.com

I don't think if there are being 'trapped' in trading.

Because as I believe; preserving capital is good. Like there are still more opportunities will come to find another good entry and there are a lot of pairs in particular exchange, you can conduct your technical analysis on some and analyze it if that is a good entry.

And also what trapped in trading for me, is you didn't set your stop-loss and you already lot of losses and decided to wait to break-even your trade even or minimize the losses but it still falling and your losses still increasing.

TanakabZX

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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

shiming

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In the current crypto market, with the halving of the price of bitcoin, the volatility is too great and is not suitable for short-term operations, otherwise it may get off the bus. Unable to buy at low prices. Therefore, it is currently suitable for holding coins, not for short-term operations. I wonder if you and I are the same? Wait until half a year later.

Furryball

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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 ?

Topic: I'm trapped in trading - page 3. (Read 588 times)