Topic: In this trading battle which side are you? (Read 687 times)
I am using bitcoin as my own basis of speculation in that since the second month of this year 2018 that the market turns bearish and bitcoin retraced from about $14K to about where we are now. The bitcoin was able to hold at a support level of $6K and will always bounce off the support level. I am speculation that bitcoin move lies in the bull runs since it has not been able to break below the $6K level. I am expecting bitcoin to rally in a bullish way.
I discovered that there are two schools of thought about were bitcoin is heading to and if you go through the speculatives sections of both bitcoin and altcoins, you will agree with me that some people are saying that the bearish market will continue are others are saying any breakout from now will set the market on a bull run. I don't know the side you belong to as the uncertainty is very high. I will like us as traders to discuss this and learn from each other views here. Thanks
As one of the traders in this industry, since that I don't have enough money to invest in other coins has been dumped recently, the things which I am doing so far is I'm in bullish stage, I don't want to risk the coins that I am holding it right now, better to long at least risk is no more place in my situation though market so far was so dry and not good. Its very hard to apply bearish this time honestly speaking because it is very unpredictable and we already spend a hard time for this things actually..
bull run
I really hope for next year's bull run However I am worried that the number of altcoins on offer will have an impact on the bitcoin market itself so that prices will decrease or even bull run
You are right and it seems the next bull run will commence next year. I think the bull will have the day base on the ways the trend is going. Bitcoin going down to $3000 is not in sight right now but in this market all things are possible. I even came across a speculations that bitcoin is heading toward $50,000 before December ! I don't think this is possible as the level bitcoin can go this year should be above $10,000.I really hope for next year's bull run However I am worried that the number of altcoins on offer will have an impact on the bitcoin market itself so that prices will decrease or even bull run
ln the big picture most of us wants the bullrun to come but there are some of us who wants the market to stay as is until they can accumulate more for profit when bullrun comes. The rest of those who owns altcoins are hoping to see btc breakouts for profit, who wouldn't want that? Until there are people still selling at such low price, it won't break.
Traders, is having a hard time to timing the market some are making money but most of them are just losing. If you afford to take the risk, much better but if you are confident about yourself or your trading skills, better to hold and don't monitor the market much of your time.
ln the big picture most of us wants the bullrun to come but there are some of us who wants the market to stay as is until they can accumulate more for profit when bullrun comes. The rest of those who owns altcoins are hoping to see btc breakouts for profit, who wouldn't want that? Until there are people still selling at such low price, it won't break.
Traders, is having a hard time to timing the market some are making money but most of them are just losing. If you afford to take the risk, much better but if you are confident about yourself or your trading skills, better to hold and don't monitor the market much of your time.
I will be on hodler side. Because hodler always wins, though we are passing bad days, holders will get their real value of holding. But, I Think Bearish market will continue! No one knows about it but everyone has the right to make an opinion.
Lol. Easiest way out uhn? In this case, you are not worried whether the bulls are winning or the bears are winning, you are just focused on the future and knowing that no matter what you are just covered. However, for now, I am actually drifting towards the bull side, looking at the way the trend of the market has been lately and how we are beginning to see some possible push upward with the bears tapped out in a way. Even if bearish market will continue, I will not be looking at this year, but however things will turn out, time will most definitely tell. For now, we just have to be patiently waiting to see how events will unfold.I amazed of the opinion that the end of the year may witness all little rally and we may be seeing bitcoin go higher than the value it has maintained since July but we will not be seeing another all time high this year. A lot of altcoins are equally at a very comfortable low that price may not dump huge further and all showing signs or rally
Well, that is one sentiment that has not ceased to leave the market at the moment now, so there is still a possibility we might get to see that or not. It is a market, nothing is unpredictable and in as much as we can be optimistic at times, it still does not mean that what will happen, will surely happen. I am actually a bit optimistic at this moment, and I certainly will not be going bearish when the market has been bearish already. At this point, it is time to go bullish and even if the market goes lower, I will still keep going bullish whichever way as I keep accumulating. I will be on hodler side. Because hodler always wins, though we are passing bad days, holders will get their real value of holding. But, I Think Bearish market will continue! No one knows about it but everyone has the right to make an opinion.
Personally for me right now, I am more bullish than ever. Of course, we cannot predict what the market will hold or bring in the future, but one thing is that there is a great future and in most cases, when a market is tapped out, this is when I accumulate and drift towards the bull side. Bulls will always keep accumulating in a bear trend and distributing in a bullish trend, and this is what I have been doing and will be doing obviously.
I amazed of the opinion that the end of the year may witness all little rally and we may be seeing bitcoin go higher than the value it has maintained since July but we will not be seeing another all time high this year. A lot of altcoins are equally at a very comfortable low that price may not dump huge further and all showing signs or rally
I will be on hodler side. Because hodler always wins, though we are passing bad days, holders will get their real value of holding. But, I Think Bearish market will continue! No one knows about it but everyone has the right to make an opinion.
bull run
I really hope for next year's bull run However I am worried that the number of altcoins on offer will have an impact on the bitcoin market itself so that prices will decrease or even bull run
I really hope for next year's bull run However I am worried that the number of altcoins on offer will have an impact on the bitcoin market itself so that prices will decrease or even bull run
ln the big picture most of us wants the bullrun to come but there are some of us who wants the market to stay as is until they can accumulate more for profit when bullrun comes. The rest of those who owns altcoins are hoping to see btc breakouts for profit, who wouldn't want that? Until there are people still selling at such low price, it won't break.
while the market is unstable, I replenish my portfolio with different coins. I am for the hold and short-term trading-the best at this time. I think that by 2019 we will gradually begin to rise up.
I want both sides to moon please
I think trading requires all of the kinds that equally had a person that they will be the right person to be trade any kind of cryptocurrency otherwise you cannot make the stable profit in your business this is my little opinion.
I want both sides to moon please
For the day traders the bear or bull run may not be much important as long as they are using the volatility of the coins in their way to make profits.I think the prices will stay at this level in the future too or it will go bulling after the stable market and no chance for bear run if that happens then it will affect the whole mining system and crypto transactions.
They are taking advantage of current movements, both side can produce profits if you are well knowledgeable in terms of coins movements, you can buy those coins which in status of dip wait for some time till the coins will start to bounce a little, in this type of venue experience can be a big factors reaching a goal to gain profits, enough understanding can bring you on side that you think is best for your type of a trader. 
For the day traders the bear or bull run may not be much important as long as they are using the volatility of the coins in their way to make profits.I think the prices will stay at this level in the future too or it will go bulling after the stable market and no chance for bear run if that happens then it will affect the whole mining system and crypto transactions.
I also think like the majority. Because the market has been stable for so long and I do not believe that the Crypto market is so. I think they are giving other strategies to make many traders worry. But I still hold my own, long-term investment and I believe that the end of October will be a strong blow. Bitcoin will increase to 8k $. so how do you think about my opinion?
I'm an investor and it should be done in that way because if you do day trading on crypto, you will experience major stress just like my friend , losses about $ 5000 and got depressed !
I have proven myself about crypto especially bitcoin that I can made about more than 1000% profit in 4 years just by Holding !
I have proven myself about crypto especially bitcoin that I can made about more than 1000% profit in 4 years just by Holding !
I'm on the side of hodl and accumulate as many coins as possible on the way down. We won't hover around current levels for ever, so the best thing to do is to have fiat ready to be put into action. People will only realize how much of an opportunity this bear market is when we break through the $10,000 level again, and that's the moment threads will pop up asking whether or not it's still a good time to buy.
It has always been like that; we're repeating the same cycles over and over again, and if people by now still haven't got a clue, they should ask themselves what they are doing here.
Another well known cycle is how the price increases far before block halvings kick in, which means that we can expect a serious form of growth next year. Once the market goes back up the sentiment will improve as well, which means that money will slowly flow back into crypto. 2019 is the last ever year people will be able to buy at sub $10,000 levels.
I second emotion what 1Referee says about Hodling because for me this is the safest way to save our investments and have a big chance of profiteering sooner.because for me cutting losses is not an option if you really believe this community and if you trust your cryptocurrency It has always been like that; we're repeating the same cycles over and over again, and if people by now still haven't got a clue, they should ask themselves what they are doing here.
Another well known cycle is how the price increases far before block halvings kick in, which means that we can expect a serious form of growth next year. Once the market goes back up the sentiment will improve as well, which means that money will slowly flow back into crypto. 2019 is the last ever year people will be able to buy at sub $10,000 levels.
My thinking that bitcoin and altcoin for 1 year have not reached a stable point, because after reaching the highest point in 2017, the government is not very similar that bitcoin is a digital currency in this world.
I agree with you and the bull run will commence by first quarter of next year. I believe that the current stability is also a sign that the bulls are ready to push the price forward. If the current level is sustain before the next positive news then we should expect a breakout that will set bullish trend.
I don't think so. We've had lots of bullish news over the past few months with no effect on the price. The most recent news is that Fidelity, the world's 4th largest asset management firm with over $7 trillion in assets under management, are launching a cryptocurrency branch. This is big, big news, and the market reacted by doing absolutely nothing.
Good news currently has minimal, if any, effect on price. We are in a market that has been stagnant around $6,500 for several months now, and I would expect this sideways trend to continue for several more months yet.
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