Topic: Making profit with a bubble - page 6. (Read 661 times)
I don't know if everyone noticed it but a bubble is also an opportunity when you expect the price won't get down you might lose your will to hodl but instead you sell it to recover at least small amount of your losses. But in Bitcoin, it's different when there's a bull run you can sell some to make some profit and when there's a bearish market you accumulate first and hodl until the price goes bull run. That's how investors/traders do it, they wait for the opportunity. But sadly, some of them are too greedy, they tend to that when there's a time to get the profit they hodl instead of taking some profit and mostly ended up losing more instead.
We can't be sure until the year 2140 pops in and the last bit is mined by the miners. The bubble will surely last until then we are safe or either most of us will be buried and burnt somewhere at the corner of morgue. Lolz. So lets think about the current cycle may be for next 40 years on an average we all be trading it. Until then I dont see any problem. May be most of the countries would have supported the bitcoin legally, may be by this time StarLink is active and we are able to send and receive the bitcoin from every corner of the world. May be this will increase the bitcoin value enormously and its already trading at 1 bitcoin equal to hundred thousand USD or more. There are multi-bubble theories for this. I would say lets focus on the current times and keep gaining as much profits we could!
We're worried because we know what has happened during 2017-2018. A long bear market but it seems too quick.
I wouldn't mind thinking about worrying the next bear market and would be focused only at the current market that we're having. It's been a year since the start of this bull run.
It may end anytime soon but as long as the momentum is there, you take that chance.
I wouldn't mind thinking about worrying the next bear market and would be focused only at the current market that we're having. It's been a year since the start of this bull run.
It may end anytime soon but as long as the momentum is there, you take that chance.
Using a method that you understand and taking advantage of the market situation to make a profit and being more careful from the arrival of a bear market is a good decision. When all can control decisions, it will not harm you and your finances. As long as the market provides an opening for you to enter, do some shorts that can be taken back in no time. However, most of these trades are of greater consequence and not worth the gain.
If you can do it right then use that knowledge to make a profit out of it. You don't look like the type who is doubting himself and that is your first step with taking advantage of the bull market. Buy the dip and sell it if there's a chance. I think that's why this is in the trading discussion for that purpose and not in other sections of the forum.
There are hardcore holders who won't agree with the method but we have our own ways if we are impatient on waiting for the bubble to explode.
There are hardcore holders who won't agree with the method but we have our own ways if we are impatient on waiting for the bubble to explode.
I knew some people who have profited with the dump during the 2017-2018 bull run and amassed big profits, and they have probably made a lot more with the current trend that we are in now. Back then, I wasn't looking at the bigger picture and understand why it's happening now, but now at least you will be looking ahead instead of just a couple of steps. Look at cryptocurrency now; it's big.
Do you think it will get back to that level soon? If you can time that, good for you. For me, it's going to be the long run.
Do you think it will get back to that level soon? If you can time that, good for you. For me, it's going to be the long run.
This is my idea, one thing about bitcoin is that ATH is what that will later happen, it depends on how early you want to make use of your money, know that I am not talking about other cryptocurrencies but only bitcoin because other cryptocurrencies can give you opposite result, many altcoins are shitcoins.
If someone needs his money very early, it is good now to convert his bitcoin to fiat and use it, but if the person have altcoins, he can still consider to make use of altcoins for the fiat and use it for what he wants to use it for. But if the person is not using money for anything and can hold for more years to come, this will be the best to do, to hold regardless of the market situation, bitcoin price will again and again get to ATH.
If someone needs his money very early, it is good now to convert his bitcoin to fiat and use it, but if the person have altcoins, he can still consider to make use of altcoins for the fiat and use it for what he wants to use it for. But if the person is not using money for anything and can hold for more years to come, this will be the best to do, to hold regardless of the market situation, bitcoin price will again and again get to ATH.
Using long and short positions when confident that the prices will move a certain way isn't really anything new, and is being done for a while now. But yea, it could be profitable if you could actually do it correctly, but it's been shown time and time again that most people aren't built for trading. It's going to be completely up to you to prove if you're actually better than most people or not.
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?
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