Topic: instead of seeking reasons,... just adjust your strategies to new trend! - page 2. (Read 568 times)

Exactly. I would classify bitcoin investors into two categories. One category is the holders for the long term that doesn't actively trade in the short term. The traders are the ones that try to take advantage of the short term volatility of the BTC markets.

It's rather pointless to try to justify a recent dump or pump by one reason only. The fact is, often it's just normal market volatility that is driving the markets up or down in the short term. Doesn't always have to be due to one factor. Focusing on finding that single factor that is influencing the price movement can often result in someone missing out on the big picture.

Anyways, as scary as the current dump looks, it's expected coming off such a bullish year of 2017. Any investors should have known the risks, especially with bitcoin being pumped so hard last year and adjusted their strategy accordingly.

this just shows that there are so many people invested in bitcoin without any clear idea what they are doing here which is why we see a lot of confused people around and eventually see a lot of panic sells and weird investing decisions when they buy bitcoin out of fear of missing out and sell it because of some FUD.
we need people to stop acting irrationally and start thinking more. if you want profit then you don't really need a rise to gain profit, drops can also be profitable. the easiest way to make profit from a drop is to buy even more bitcoin with the same amount of money and sit on it long term!

hahahaha

get ready yourself because we will see many threads with these questions... is normal because most people are entering the crypto world when the price was very high and as in the months of August to December many analysts made forecasts of very high prices caused that people believe in them and buy bitcoin and altcoins without fear that the price would fall and when these people look back and realize that they have losses of more than 50% they enter panic and will want to know if there have any hope of the price increase

I even realized after many months that it was much better to buy bitcoin and altcoin and insure for a year or more of a year.

I'll give an example of what happened to me last year:

I went to the bank and deposited money, then went to a website and bought bitcoin and then bought lisk. ok the price of lisk was 22,000 satoshi, the price of bitcoin fell a lot and consequently the price of lisk fell a lot to 15000 satoshi. I panicked and sold my lisk. then I traveled and suffered a major car accident and months later when I went to see the price of lisk was 90,000 satoshi.

see how much profit I would get if I had insured.


there are a lot of people who bought because they want to have more money in the future, I would even venture to say that for these people they chose to buy bitcoin instead of opening a savings account in the bank. That's why they panic for fear of losing everything.

see this:


 

In this volatile market one needs to be agile to make changes and get the returns quickly. Also you should not expect much returns unless you sure market is going to rise as sometime in anticipation of higher returns in short term strategy you might be holding it and market keep crashing.

Investors with flexible and adaptive attitude is what this volatile investment highly need.. The bitcoin price won’t adjust to your wants,, but the opposite.. It is us trader must keep moving with the flow and movement of the chart..

Patience my friend will always be the biggest weapon to succeed,, what the legend had face before when price at start is below a dollar is beyond a trustee should follow..

That's right change a strategy in the new trend is important for someone who have an investmentor choose for being a trader, excepting they have a long term and they believe the price will high. The type someone who have investing in long term is they just calm down when the price fall and they was have investment in cryptocurrency it's have been a long time.

I'm newbie in this cryptoworld and I choose being a trader for get a profit. Untill now I always use a stategy with what you say, but for me it will useless to made a thread about prediction price, I prefer to use fundamental analys and often to see the latest information that come. For me it more worthwhile to increase my knowledge about cryptocurrency.

printing new tether never had anything to do with bitcoin price to begin with and nothing about releasing new USDT has changed, they are still "printing" it like before and price is now dropping and that is proof enough that all this tether drama was pure bullshit that was started by some idiot on the internet.

in case you see some small rise after the tether thing, it may be because of some FOMO buyers who fell for the bullshit thinking it actually is a thing.

At some way it can help us though since we see what market currently thinks about bitcoin as a whole. It somehow helps me to make decisions whether to buy or sell. If FOMO is present and is widespread, I try to sell a portion whenever I can to take some profit and when there is a lot of FUD, I try to rebuy and prepare some fiat, waiting for a dump to happen. It affects the actions of inexperienced and make them do bad decisions, but somehow others benefit from it as well.

but there is a reason or just some big guys are dumping btc for some reason. without reason btc cant dumping. Someone are dumping btc cuz maybe to buy cheaper btc or other altcoins. Its the hardest thing ever making good profit during bearish time. Not easy man. you think its dip and you buy some alts than btc is falling and than your alts have new dips !
we saw that this fucking idiot japanese trustee has sold around $400 million worth btc. so we could say , big dump was cuz of this guy but what about now ? who is selling btc rigth now and why ?? if we find answer we can make new strategy.

To some extent you are right but it is only when you are looking at one side of the picture. Unfortunately we forget to think about the crypto fever just four or five months ago, there were many new adopters of the Bitcoin. For many of them the situation turned opposite of what they were being told or what they watched on the internet and the TV. What OP has raised and is hyper about, for all these new adopters they are the basics which they will learn with the passage of time. So, guys don't shout at them. If you don't wanna answer any of the question you don't like just leave that thread and go for the one of your interest.
I think they need our help and guidance, which they expect from those who are experienced and have good knowledge about trends and strategies to how to deal with it.

If people don't know anything about this market, they won't be able to adjust to the changed sentiment. It's not for nothing why they keep asking the same (for us nonsense) questions after a rise or decrease. The only thing we can do is continue to educate those who need to be educated. If we distance ourselves from these threads, other noobs will poop all over their threads with their nonsense, and then people get brainwashed and even more ignorant than they were before. There is a constant influx of new people finding their way into this market, and it's our 'duty' to help them out where needed. I some times just don't want to, but when I see what other noobs come up with, I can't do anything other than jumping in and pointing OP at what's right.

The people are always finding it difficult to accept the reality of the price position. You either buy bitcoin or others cryptocurrencies now or you are doing different things. If bitcoin continued to be stable around $8,000 then a new buy signal is been form.

The spawns asking "these questions" over and over again, along with the price going for long periods in a certain direction can affect the psychology of the inexperienced and make them get bad decisions.
It's some sort of guerrilla marketing.

Sometimes people have to undergo that kind of situation so that "soon" they will be used to it. Without experiencing those common "misconception" about how crypto markets behaves, they will just stick on single trend belief and that is "continous uptrend" which is not the real thing that should always happened in crytos price behaviour.

Just let them have a mindset as part of building experience. We can't really say things directly to them that they must follow this, that etc. etc. Self experience will teach them to deal with that concerns and soon, no more questions like that will be made up in their mind.

$300mil of tether printed.... there was a small bump to $9k and now back..  perhaps a new surge will be fueled or has already flamed out?

If this pushes to $10k somehow, then in near future probably best to cash out and run to hills...  if not, and it keep sliding then no one can leave

Being relatively new to crypto this has been my first taste of an extended downturn in the market and let me tell you, initially it did not go well. I was still trying to buy dips and look for bounces and it was tough. After some time I took a step back and tried to figure out what changed and realised exactly what you've said, it's not that my strategy was wrong, it's just that I was going against the market which was always going to be difficult. I still wouldn't say that I've done well in the recent downturn but have been able to tread water a lot better of late with a changed approach. Alongside that I've taken the opportunity with having more free time (due to less trading) to try and improve my understanding of some things. I'll never stop looking to answer why a market changed direction or seek to understand when it will reverse but now I'll know for future how to better adapt to the changes.

People never seem to appreciate any market phase, which is just silly. Instead of wasting precious time asking a bunch of random fools here for advice, they should have invested their time into getting to know this market better. People here are lazy, ignorant, mentally unstable, handle the wrong mentality, underestimate the market while they don't have one single clue about how it works, etc. This doesn't only concern newbies, but also those who have been around here for a longer while; I have never been into a place where so many low IQ individuals gather and share nothing but pure gibberish. If you enter a market, doesn't matter which one, you research the base technology or underlying value of a stock or whatever, and then its market, and then you can proceed with an investment. Reality turns out that people here skip the first few steps and just invest anyway because they don't seem to care.

Such questions are never asked by traders. Do you imagine a trader who does not understand what and why he is doing? Lol! Such questions are asked only by newbie. They are confident that there are some secrets that allow traders to earn millions every day. They will never understand that trading is very difficult and risky.

You can know the reason but since the market is irrational by nature (due to most people being irrational) that means you can't predict what will happen in the short term. That is why you always make plays based off the long term, or if you do want to trade short term you better have some damn good reasons as to why. That is why being a day trader is extremely tough, and not a job I would want to undertake.

Agree with you about changing the strategy. The winners always use different strategies in different situations. But the reason why the market is falling or it is increasing is always important.
If a person know the reason can decide better what to do. the person can predict better whether the falling or rising is temporary or it will last long.