Well, the amount of USDT and USDC increased in millions during this time, people wanted to get USDT like crazy because they didn't want to go out to fiat currency but they didn't want to stay in bitcoin as well so they moved to USDT. We all know that tether company and bitfinex look as shady as it comes and they have literally printed USDT to pay for the law related problems they faced when they were sued and all of that but when it comes to actually getting away from crypto market people still use them.
So, that means it was a safe move to be in stable currency, maybe when you look at the price increases you may think that you are too late but you can still get in from this price, but meanwhile it was smart to not to move to fiat and lose even more.
Topic: In Bearish Phase, Is This a Good Move to safe Capital? (Read 449 times)
Trading in a bearish season is like driving against the flow of traffic. The risk of a collision is high, it means the chance of experiencing a loss is quite large. In such circumstances do not be too aggressive, do not force to enter the market if you lack experience and mentality, do not just believe there will be a rebound without a strong analysis. Wait and see until things are calmer and your condition is also calmer, choose a vacation and refreshing. As we know that trading psychology plays a big role, especially if you are trapped in the market and get a loss before. If there is a small chance then short term trading becomes the best choice, take profit and be grateful, don't be greedy.
It is a pity that a lot of speculators appeared on the cryptocurrency market. I think that a large capital in a year will keep the price of Bitcoin above $ 20,000. But for the moment, I think we will see a price below 4,500 dollars.
when the market falls, people sell all assets so that the price falls further and prepare money to buy when the price reaches its lowest or lowest point before.so my advice is that you buy at a time like this if you have reached the lower limit according to your predictions.
It's good or more safer to change your coins to usdt, crypto is strong that's why it's still standing strong now but Coronavirus ain't stopping, in fact it's getting more stronger everyday, I'm starting to get worried about it
although like that you should be able to see that the current cryptocurrency prices have experienced price increases indeed when prices collapse will make many people afraid but you must know when stuck in bitcoin then you do not need to panic because the estimated value of your assets will return when the bitcoin price returns to recover and when you exchange to usdt the time the price of bitcoin and altcoin collapsed will only make you lose.
I think it is a good period for a safe capital if investments are made now. Most people withdrew their investments during this pandemic, in need of money. I think the worst solution at the moment is to withdraw your investments, because you will most likely lose. You should expect prices to rise again or if you have money, invest more.
If you know how to analyze the market and can sense the price might drop then timing when to convert your crypto to a stable coin to make sure you wont lose your capital.
This is good for investors who cant stand seeing the price of their assets going down. Well for me I prefer to just monitor and wait since I used to see the market fluctuating hence its not new anymore if the market is moving up or down.
Dont think negatively if what's happening is not what you expected it to be instead take advantage the dip and buy more thats the best thing to do.
This is good for investors who cant stand seeing the price of their assets going down. Well for me I prefer to just monitor and wait since I used to see the market fluctuating hence its not new anymore if the market is moving up or down.
Dont think negatively if what's happening is not what you expected it to be instead take advantage the dip and buy more thats the best thing to do.
I do not think it would be easy to take back to the ATH times. I'm not saying it's not going to go back there but what I think will happen soon is it will still rise but not right away. Since the halvening is going to happen soon, maybe a lot more people would have more BTC in the long run. No one could really know whether to HODL or to Buy, just remember to not regret what you have done today in the future.
This is a DISCOUNTED phase of BTC
This is a DISCOUNTED phase of BTC
Usually I do not recommend to enter "All in" mode
But here is this phase is the best time to invest on some stable coins such as ETH and BTC
if you believe enough you know they will rise
Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.
As it stands now, it might look difficult saying when the bulls will take over the market because each day comes with more news on what the deadly virus is causing in different countries therefore leading to further uncertainty and panic and since panic has a negative effect on the market leads to more dump. It can now be seen that in order to limit the losses caused, people sell to stablecoins which is why the demand is increasing rapidly. As for me, I think it is better to save capital as it will come handy at the right time, in this case whether fiat or stablecoins as well as holding those coins we believe in.
Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.
I agree that at the beginning of the pandemic spread throughout the world, bitcoin price movements correlate with other asset price movements. But these days, bitcoin price movements show that bitcoin is better than other assets such as gold or indexes. I think this shows that large investors are getting interested in digital assets such as cryptocurrency
For me, in my opinion, I would still get to stick or keep my assets into its current phase which is in cryptocurrency because if I would convert it now into stable coins like USDT, I am thinking that I will be missing a chance for my loss to be recovered due to the downfall the cryptocurrencies aee all currently experiencing most specially that is observable with the price of Bitcoin. On the bearish times like this, still being able to lengthen your patience is in need because the prices in the market will sure to recover in no time. If you will observe, the price of Bitcoin is now resisting into a higher price from its bottom price of $5,000 going up into nearly $8,000 this past few days. Taking advantage of the situation will be good to do this days in which purchasing top cryptocurrencies while they are somehow cheap in price is good so that once the price increases, you will be benefited.
If at a time like this is used well then I think it will be profitable, like yesterday bitcoin fell to $ 5,000 and now bullrun comes with 24 hours bitcoin growing at $ 1000 is it unprofitable?
You shouldn't be investing if you don't even know what a 'bullrun' is. Thats why people like you end up losing their shirts and keep on holding for a dream.
It's good or more safer to change your coins to usdt, crypto is strong that's why it's still standing strong now but Coronavirus ain't stopping, in fact it's getting more stronger everyday, I'm starting to get worried about it
although like that you should be able to see that the current cryptocurrency prices have experienced price increases indeed when prices collapse will make many people afraid but you must know when stuck in bitcoin then you do not need to panic because the estimated value of your assets will return when the bitcoin price returns to recover and when you exchange to usdt the time the price of bitcoin and altcoin collapsed will only make you lose. Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.
Sure mate, i agree with you. The stablecoins have there marketcaps exponented really high due to the downtrend of the cryptocurrency market. The fall of price of virtually every crypto asset the past few days was massive and nobody loves seeing his investments and cash burn down when in investment and as a result, lots of people cashed out and others switch to stablecoins. With the way things are unfolding, this global crisis seems like something that will be around for quite some time and till the threat is over before we see a stable market
It's good or more safer to change your coins to usdt, crypto is strong that's why it's still standing strong now but Coronavirus ain't stopping, in fact it's getting more stronger everyday, I'm starting to get worried about it
Now, we see bitcoin price finally back to $6,300, and it still increases. We can hope that the price can still go up and break the higher price so we will make a big profit. But bitcoin price still unpredictable until now, and we don't know if the price can be like that for this day and the next day, so we need to be careful. And if we can make a profit in this day, I think it is better to take that profit before it's too late because the price can go to any price without we can predict.
[/quote]
That's true Bitcoin price still unpredictable, after a deep decline now the price bounce back to $6300. I think the price will rice again there is no reason to sell because we can get a more profit.
Trading in a bearish season is like driving against the flow of traffic. The risk of a collision is high, it means the chance of experiencing a loss is quite large. In such circumstances do not be too aggressive, do not force to enter the market if you lack experience and mentality, do not just believe there will be a rebound without a strong analysis. Wait and see until things are calmer and your condition is also calmer, choose a vacation and refreshing. As we know that trading psychology plays a big role, especially if you are trapped in the market and get a loss before. If there is a small chance then short term trading becomes the best choice, take profit and be grateful, don't be greedy.
It is a pity that a lot of speculators appeared on the cryptocurrency market. I think that a large capital in a year will keep the price of Bitcoin above $ 20,000. But for the moment, I think we will see a price below 4,500 dollars.Now, we see bitcoin price finally back to $6,300, and it still increases. We can hope that the price can still go up and break the higher price so we will make a big profit. But bitcoin price still unpredictable until now, and we don't know if the price can be like that for this day and the next day, so we need to be careful. And if we can make a profit in this day, I think it is better to take that profit before it's too late because the price can go to any price without we can predict.
Trading in a bearish season is like driving against the flow of traffic. The risk of a collision is high, it means the chance of experiencing a loss is quite large. In such circumstances do not be too aggressive, do not force to enter the market if you lack experience and mentality, do not just believe there will be a rebound without a strong analysis. Wait and see until things are calmer and your condition is also calmer, choose a vacation and refreshing. As we know that trading psychology plays a big role, especially if you are trapped in the market and get a loss before. If there is a small chance then short term trading becomes the best choice, take profit and be grateful, don't be greedy.
The situation offers a very good long term profit for courageous traders, back then people are wishing that the price will go back to this level but now that the price is on this level people again, people are having second thought of investing because they are now afraid that the price will not go up again only those courageous traders will have the guts to invest and will likely to make a profit.
Investing in crypto entails high risk and since we are in a pandemic situation, people are scared what will happen next in crypto. The reason why even the bitcoin price is considerably low, they are still hesitant to spend money buying it. The fear that it might still go down is always there. Only risk takers can embrace the situation and brave enough to shell out their money to buy more bitcoin.
Stablecoins are a type of cryptocurrency backed by real assets, so its value is almost unchanged or has a very small change.
Stablecoins are a good choice in times of market volatility. At a time of market volatility, if you are unsure of your decisions, it is best to choose Stablecoin.
It's not a real asset but it used fiat to backed the token and remove all of the volatility and it acts as a digital form of traditional money. To trade using stable coin is the only best way to secure our profit at the same time. It's better to convert our asset into the stable coin when the market is starting to get a slightly decrease To convert it when the market is facing the bulltrend is a wrong decision. Just try to make sure if we are using stable coin wisely based on the trend. Stablecoins are a good choice in times of market volatility. At a time of market volatility, if you are unsure of your decisions, it is best to choose Stablecoin.
I do not think it would be easy to take back to the ATH times. I'm not saying it's not going to go back there but what I think will happen soon is it will still rise but not right away. Since the halvening is going to happen soon, maybe a lot more people would have more BTC in the long run. No one could really know whether to HODL or to Buy, just remember to not regret what you have done today in the future.
This is a DISCOUNTED phase of BTC
This is a DISCOUNTED phase of BTC
I agree that we don't need to worry about the existence of the cryptocurrency market amid falling prices. The cryptocurrency market in my opinion will last a long time and might be an alternative investment in addition to the stock market or other money. The price of Bitcoin has begun to rebound after previously falling below $ 5,000 and I think this will continue because investors want to look for alternative investments in addition to the types of investments that are already mainstream
Trading in a bearish season is like driving against the flow of traffic. The risk of a collision is high, it means the chance of experiencing a loss is quite large. In such circumstances do not be too aggressive, do not force to enter the market if you lack experience and mentality, do not just believe there will be a rebound without a strong analysis. Wait and see until things are calmer and your condition is also calmer, choose a vacation and refreshing. As we know that trading psychology plays a big role, especially if you are trapped in the market and get a loss before. If there is a small chance then short term trading becomes the best choice, take profit and be grateful, don't be greedy.
The situation offers a very good long term profit for courageous traders, back then people are wishing that the price will go back to this level but now that the price is on this level people again, people are having second thought of investing because they are now afraid that the price will not go up again only those courageous traders will have the guts to invest and will likely to make a profit.
Agree, the current conditions are good for accumulating coins at lower prices compared to a few weeks ago. The Corono outbreak might be completed in the next few months and I think investor confidence will rise again, this will make crypto prices go up maybe even higher than yesterday's highs
Jump to: