Topic: Making profit with a bubble - page 3. (Read 661 times)
I would say that NFT is the scariest bubble for me. Despite ICO bubble, where an investor or buyer at least have a small and predictive description of what he is spending money on, NFT is something I always avoid. With NFT, I just buy a bunch of pixels. Some of them have a value, but compared to a token from ICO, that value is described in whitepaper, NFT value is an imaginary amount that someone once set. It can be 1 cent, it can be $1 million. With ICO bubble, tokens in most scenarios can be sold at etherdelta for 1 gwei. With NFT, you can just hope that someone buys for the price you've set. I find it very hard to earn with NFT bubble and avoid it.
But there are certain areas that where people are focusing that much. Like in NFT, there are arts and musics and games. Although these areas are big.
There's more focus with the gaming area, NFT gaming has became bigger due to the rewarding games where you can buy those NFTs to play with.
They are trying to get into the crypto hype and it is working. I am personally not a fan of hype based objects like ICOs previously and now NFT. Still if they help increase adoption and use of crypto, I am up for that.There's more focus with the gaming area, NFT gaming has became bigger due to the rewarding games where you can buy those NFTs to play with.
But these bubbles help some predatory people to make money, no doubt in that and being able to jump on the bandwagon becomes the rat race then.
Important thing is to exit timely and not expect to use your long-term mindset for such projects, because they are short term ones.
Dont expect yourself to be able to jump on them every time. Sometimes it is better to ignore the commonly taken path.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.
Due to pandemic.The crypto adoption rate growth and that's because all of us have been quarantined and locked down to our homes. But at this time, things are becoming back to normal slowly.
Still, look at the adoption rate, it keeps on going better.
But there are certain areas that where people are focusing that much. Like in NFT, there are arts and musics and games. Although these areas are big.
There's more focus with the gaming area, NFT gaming has became bigger due to the rewarding games where you can buy those NFTs to play with.
The issue is that what we call common sense in the markets is in fact not so easy to acquire and you need some experience to begin to develop it, so newbies that come here without any strategy and without common sense lose their money relatively quickly as they are unable to grasp the realities of the market, it is not until they go thought several hardships they begin to understand the markets but by that time they have lost so much of their capital they are unable to apply those lessons.
What they are failing to understand is that market is an ever moving and emotionless place. They believe that it is like nations or citizens or public or communities and so forth where there could be something wrong and people could still defend it and achieve it. Market is the place where the right thing happens each and every time because it is money that we are talking about so the result is always what should be happening anyway.There is no "it should have been higher but went low", if it should have been higher then it would have been higher, if it is lower than it should be lower, there is no other way around it, if we are the ones with money and we make the decisions then our decisions are the last call and nothing on top of that could be said. This ruthless sharp situation doesn't sit well with many people who haven't done it before.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.
Due to pandemic.The crypto adoption rate growth and that's because all of us have been quarantined and locked down to our homes. But at this time, things are becoming back to normal slowly.
Still, look at the adoption rate, it keeps on going better.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.
Due to pandemic.The crypto adoption rate growth and that's because all of us have been quarantined and locked down to our homes. But at this time, things are becoming back to normal slowly.
Still, look at the adoption rate, it keeps on going better.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.
Due to pandemic.The crypto adoption rate growth and that's because all of us have been quarantined and locked down to our homes. But at this time, things are becoming back to normal slowly.
Still, look at the adoption rate, it keeps on going better.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
A lot of people joining cryptocurrency invest in at geographical area is not the reason why Bitcoin keep its uptrend momentum and the only major reason why Bitcoin is still on uptrend now is because the humpback whale and the whales did not dump their holding. Understand that a single humpback holding surpasses all the holding of the people in your geographical area but I expect the market to experience a big dump in price before the end of this month.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.
Having said that, the market correction doesn't always happen the next cause the rally usually lasts for a single year.
The problem with most people who invest or trade bitcoin is that they don't have an exit plan, i does not matter if they get in early or get in late, they always get greedy once they see the price rise and don't take their profit while they are still green, so whether its a bubble or not they get caught up in the trend and don't set goals, sure the crypto market is hard to predict and there are always ups and downs but trends can be easy to follow but the key is to stay calm and not to get greedy and have a set goal.
I am also having similar type of opinion like for long term bitcoin trading, definitely we do not need any exit plan because bitcoin is always into bullish trend so you can make the maximum benefit if you continue your holding.It means you will never need to go for selling your bitcoins but you can use it in your real time to enjoy the maximum benefit out of your bitcoin investments. People who are selling right now maybe regretting later for their decision of not continue their holding. To avoid such regret it will be a better decision to continue our holding.
but if you have other things to attend to other than holding and waiting to increase the value of btc, it is also worth it to cash out some. like for example, if you want to start a small business, and use some of your btc funds. that for me is a worthwhile move. because you can already increase the value if you are good in the business that you venture with. so imo, it depends on the capability of the person how he will tackle his next move with regards to his btc funds. some can gain, while others will lose some.
A lot of people joining cryptocurrency invest in at geographical area is not the reason why Bitcoin keep its uptrend momentum and the only major reason why Bitcoin is still on uptrend now is because the humpback whale and the whales did not dump their holding. Understand that a single humpback holding surpasses all the holding of the people in your geographical area but I expect the market to experience a big dump in price before the end of this month.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.
A lot of people joining cryptocurrency invest in at geographical area is not the reason why Bitcoin keep its uptrend momentum and the only major reason why Bitcoin is still on uptrend now is because the humpback whale and the whales did not dump their holding. Understand that a single humpback holding surpasses all the holding of the people in your geographical area but I expect the market to experience a big dump in price before the end of this month.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year.
The problem with most people who invest or trade bitcoin is that they don't have an exit plan, i does not matter if they get in early or get in late, they always get greedy once they see the price rise and don't take their profit while they are still green, so whether its a bubble or not they get caught up in the trend and don't set goals, sure the crypto market is hard to predict and there are always ups and downs but trends can be easy to follow but the key is to stay calm and not to get greedy and have a set goal.
I am also having similar type of opinion like for long term bitcoin trading, definitely we do not need any exit plan because bitcoin is always into bullish trend so you can make the maximum benefit if you continue your holding.It means you will never need to go for selling your bitcoins but you can use it in your real time to enjoy the maximum benefit out of your bitcoin investments. People who are selling right now maybe regretting later for their decision of not continue their holding. To avoid such regret it will be a better decision to continue our holding.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
Yeah this uptrend wont last forever tho but still u can get opportunities by trading short term with big risk because this uptrend can end anytime, Since a lot new people know about crypto in my place I thought that's one of many reasons this uptrend continue but not all of them enjoy their profit, not a little people complain about crypto volatile and forced them to hold until the price recover or create a big dump.
We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
Yeah this uptrend wont last forever tho but still u can get opportunities by trading short term with big risk because this uptrend can end anytime, Since a lot new people know about crypto in my place I thought that's one of many reasons this uptrend continue but not all of them enjoy their profit, not a little people complain about crypto volatile and forced them to hold until the price recover or create a big dump.
Things do change very fast in cryptocurrency. History of cryptocurrency market have shown sudden dip in price of bitcoin after new ath. I hope bitcoin will still reach new ath before the year runs out. If you however have profit on your coin, you should book those profit!
Depending on the coin you invested you can take your profit, there are several hype coins that are rallying left and right and there is nothing wrong in booking your profit. But if your investment is in Bitcoin or other top coins, you need to have the patience to analyze the market and i am expecting a rally before the major correction and if you could time that then you will make a bigger profit. 
The thing is, nobody knows what's gonna happen next in the market, you don't even know if it is really a bubble or not. The recent bullrun and ATH of Bitcoin is very unpredictable as always, you never know when it'll drop or when it will rise up again to make another ATH.
The only thing we could do to make profits is to follow the trend, you don't want to do the opposite because for sure, you're gonna lose your money.
moreover there is a lot of glitch waiting ahead ...The only thing we could do to make profits is to follow the trend, you don't want to do the opposite because for sure, you're gonna lose your money.
like a shock drop down to 99% within a couple minutes and backup to 99% up sweep all those long/shorter ...
future trading arent for you who loved to go allin , future trading are for those who watching the price the chart closely and knows the momentum. thats not easy and full of risk.
The problem with most people who invest or trade bitcoin is that they don't have an exit plan, i does not matter if they get in early or get in late, they always get greedy once they see the price rise and don't take their profit while they are still green, so whether its a bubble or not they get caught up in the trend and don't set goals, sure the crypto market is hard to predict and there are always ups and downs but trends can be easy to follow but the key is to stay calm and not to get greedy and have a set goal.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
What's your idea about that?
Just go with the waves and wait for the upcoming trend. We already witnessed the continuous cycle of bull and bear over the years. We must know what things should be done once the bubble pops out again and we go back to the red market. People also have to be ready that there might be a time again we can witness a bloodied market even how strong we see it today.
Once it happened, take the opportunity to buy again and don't hesitate.
The bloody market will surely repeat itself where the prices of all coins experience a deep enough decline. Because it is impossible for the market
to always be bullish as it is now, we can learn from market movements over the past 12 years. There will always be alternating bullish and
bearish cycles, we must be able to make the right decisions if this happens. We don't panic when it's bearish, it's an opportunity for us to buy coins
at low prices. And don't be too greedy when we enter a bullish trend, immediately take profit if we have already reached the target we previously set.
Delaying taking profit will only make our opportunity to make profit disappear, because if the market suddenly dumps we will regret it.
I'm not trying to predict the future, I'm just trying to be honest myself considering that this cycle will come to an end (as always did before), but that could represent an opportunity too, for instance, with a short position opened at the right time (I know that I could appear like a complete fool who is trying to imitate Michael Burry in 2008).
What's your idea about that?
What's your idea about that?
Just go with the waves and wait for the upcoming trend. We already witnessed the continuous cycle of bull and bear over the years. We must know what things should be done once the bubble pops out again and we go back to the red market. People also have to be ready that there might be a time again we can witness a bloodied market even how strong we see it today.
Once it happened, take the opportunity to buy again and don't hesitate.
The thing is, nobody knows what's gonna happen next in the market, you don't even know if it is really a bubble or not. The recent bullrun and ATH of Bitcoin is very unpredictable as always, you never know when it'll drop or when it will rise up again to make another ATH.
The only thing we could do to make profits is to follow the trend, you don't want to do the opposite because for sure, you're gonna lose your money.
You could only determine if its a bubble when its already happening but determining on those early phase then its really impossible to point out which means its a matter of risk taking on making out decisions whether you do secure out a position or wait up even a little more.The only thing we could do to make profits is to follow the trend, you don't want to do the opposite because for sure, you're gonna lose your money.
Due into this very unpredictable market then its really hard to say if we do have a real bull run or would have some sort of bubble because of some hype?
So its a matter of choice when it comes to these kind of decisions and this is where people do really differ in relation to this.
Jump to: