In Bearish Phase, Is This a Good Move to safe Capital? - page 2.

fortunecrypto

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Quote from: gundala on March 21, 2020, 03:58:23 PM

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.

vvu351

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Quote from: gundala on March 21, 2020, 03:58:23 PM

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.

gundala

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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.

South Park

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Quote from: Alhamza24 on March 19, 2020, 10:12:45 PM

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.

If you prefer to stay out of the market for now no one can blame you, the uncertainty that we are facing is a enormous, even if somehow governments around the world can solve the crisis with the corona virus during the next months its effects are probably going to remain for way longer than that especially when it comes to the economy, and I think it is likely the market of cryptocurrencies will suffer a similar fate as investors prefer to stay out of this market out of the fear to see another instantaneous crash like the one we saw a week ago.

bttmember

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It was a great buying opportunity when btc crashed to around 4000 mark, although most of the people were not expecting this crash but i will take it positive as this crash has wiped out a lot of users and now bull cycle will be even better and bigger especially after halving.

MCDev

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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.

julius caesar

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Quote from: Alhamza24 on March 19, 2020, 10:12:45 PM

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.

This is the best moment for us to be able to have some bitcoin or other altcoins out there. The value of the coins as of now is much more cheaper than to its price before. You can take advantage into it and try to have some of it and then sell it when the price of it becomes suitable to your own preferences. As long as you know how to hold a coin properly, you will for surely gonna gain profit into it.

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Purchasing the stable coins also holds the same risk because if the price of fiat money backed by those stable coin fells then investors also literally lose the asset values but for now stable coins seems the best choice compared to all others or just take the risk and buy more this time.

cytpoway121

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Quote from: Alhamza24 on March 19, 2020, 10:12:45 PM

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.

When it comes to moving capital, i think it should depend on basic variances, why ?
Either you are in a bull run or bearish run; you can basically move capital when you are in profit.

When you say stable coins picked up, i do not really understand, but high demand for stable coin means people converted their crypto currency to tether.
You can do likewise, and always dyor

bitgolden

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Well, bitcoin is back up? I don't know what we can say about that. Price didn't moved from 8k to 5k, it moved from 8k to under 4k for a while and moved up right after that, we can't just ignore the 3.6k prices just because it was a short lived part of it, we have seen it and it happened, executed many peoples sell orders and buy orders, so it is there and a reality.

However, after that we have peaked today at around 6k which tells us that price moved from 7.5k to above 6k now, not really all that much of a big difference is it? Many people kept saying that bitcoin shouldn't be affected and always said that however some people didn't cared, well they must be caring right now because we are back up again. Soon we will move beyond 7k and 8k and be back where we started and even above.

barumbado

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It is always right to secure your capital during thia bearish market.During this phase,we are uncertain of our invesment,better to make your capital be safe than go dip.Its all a risk,though.

trauchot

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Unfortunately, manipulators can make the cryptocurrency market fall to the bottom in a matter of minutes and therefore you should always watch the cryptocurrency market and when there are big drops, most people immediately transfer their assets to stable coins and this is the right choice.

cryptoknightt

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this is natural, because the corona virus not only affects cryptocurrency, but also the economy around the world, because its citizens are asked not to engage in activities so that the industry does not work, which means that economic growth has slowed down.
people will start buying when the market starts to improve, and will start taking profits as soon as possible, and then exchange them again for stable coins.

crwth

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Quote from: joshua123 on March 20, 2020, 01:06:02 AM

Agreed. Some people mindset is difference from other. More or less if they are going to buy more stocks of btc then they can be ripping profits when the time comes. But if they just decided to sell of due to tragic loss then it will be meaningless but unless they needed the money due to crisis.

You can never blame them though. If they need it, then it's go time. It's just that we need to be mindful of those kinds of things.

Quote from: joshua123 on March 20, 2020, 01:06:02 AM

No one knows but if you just hold it without any worry then its much safer, and will not result to more losses.

I am learning this the hard way, you know? I should've just HODL my BTC but I still gambled it, so my loss. Sad.

Quote from: DDante on March 20, 2020, 05:27:40 AM

Bitcoin halving is coming and I think because of this it will be easy for Bitcoin to reach ATH again, that's the reason many are accumulating Bitcoin presently, many top exchanges are filled of Bitcoin buy orders and that's a good thing

I don't think it could easily be translated to that, but in order for the miners to profit, the price needs to rise.

Quote from: LogitechMouse on March 20, 2020, 07:36:53 AM

The perfect term to use into what are we experiencing right now Cheesy

For SALE BTC. Lol.

LogitechMouse

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Quote from: crwth on March 20, 2020, 12:37:01 AM

This is a DISCOUNTED phase of BTC

The perfect term to use into what are we experiencing right now Cheesy

When the big drop happened to Bitcoin and the market. I saw the price of Tether went up to $1.08 and this is the first time I saw this. Days after, I saw it again went below $0.95.
If you are thinking right now that this is the right time to exchange your Bitcoins to stablecoins then I think it will be a wrong move. We saw the movement of Bitcoin already this day, its price is around $6600 already. You're too late to safe your capital and trade it into stablecoins.

thiscomm

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in my opinion this is due to the spread of the corona virus which is so troubling for crypto users in the world, so that transactions continue to decline. but when crypto developers took steps to make stablecoin because prices continued to decline, the corona vaccine was discovered and the transaction returned. this is my opinion, but there are also those who think that stablecoin is better so choose to buy it. but for me it will not bring us income in trade or investment, because we only keep it.

Questat

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It's always right to ensure the safety of your capital but you should do it when the price has not dump yet, otherwise you'll lose the value when you buy back. Check the market now and you will see its not bearish anymore, there seems to be some good news coming and bitcoin brings the entire market for full recover, with this movement, I would not be surprise that we will be back to $8000 even this month.

awakpane

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in my opinion, now people have started to re-invest in crypto, this is based on the current price of bitcoin and altcoin. maybe one of them is due to the corona virus factor especially the crypto currency does not spread the corona virus is different from the fiat currency which has the potential to transmit the corona virus.

DDante

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Quote from: crwth on March 20, 2020, 12:37:01 AM

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

Bitcoin halving is coming and I think because of this it will be easy for Bitcoin to reach ATH again, that's the reason many are accumulating Bitcoin presently, many top exchanges are filled of Bitcoin buy orders and that's a good thing

Shallow

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Quote from: Alhamza24 on March 19, 2020, 10:12:45 PM

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.

In bearish phase comes with lots and lots of things such as uncertainty, panic, fear etc, while most people might be deep in loss in some coins some might be lucky enough to have moved to stablecoins. Before this bearish phase fully sets in, most people moved to stablecoins and some are still doing so which has resulted to the high demand of it. Also, some who believes in their several coins or holdings still held on as they know the market will recover. About your question, in my own opinion, I think holding stablecoins is a good call as it will enable you get good coins when the time is right. On the other hand, if someone is holding BTC and is already in loss I do not see any need to sell because once the market corrects, Bitcoin will take the lead.

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