Market Correction - page 2. | Bitcointalksearch.org

jaberwock

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Quote from: bangjoe on December 18, 2023, 10:12:00 AM

That's what I don't like about derivatives trading, when the market reverses or is different from the results of the analysis that has been done then our position will be liquidated when a correction occurs, I have several times felt painful, if it always happens like this, even though it does offer greater profits than spot trading.

I prefer spot trading because it is much safer, although I have to have a lot of money to get enough returns, like 1%-5%. And when the market reverses, my total holdings will not be reduced, I can have the opportunity the next day to sell when the market recovers, I feel much more comfortable with this trade. Sorry for going a bit off topic but maybe you understand what I mean.

Isn't that the same to what we do in spot trading, investing, and others? That when our actions differ to what is happening, we will also lose. Maybe derivatives are only a little riskier than them. Corrections and market fluctuations are always there.

You may not see them now, or there are almost no signs that they are coming but trust me, they are always there, so why are you guys not doing the best as you can to stay safe? Just in case you already know this. Spot trading will now become riskier if you will use more money but the only thing is, that like you said, your positions are not auto-liquidated. Although they can too if you use a stop loss.

Baofeng

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Quote from: lombok on December 18, 2023, 05:25:03 PM

Maybe this only affects futures trading when it comes to liquidation. For spots or holders, this may be normal and normal if there is a price reduction.

It is normal for a price decrease to usually test a support level or close a gap that occurs. What's worse happens only in the form of a wick and the price goes back up or recovers. To be safer when playing in futures, always pay attention to the leverage and margin we use, considering how volatile the Bitcoin market is.

Or correction is needed so that speculators and investors can go and buy at entry point that is lower. But for those who are here in the long term, doesn't matter. If we do DCA, it might be good to buy when the price goes down, but it's average so it's irrelevant.

And I think though but future and spot traders are going to be affected as when there is liquidations because of price reduction.

The real winner here is the HODLer, because they are not affected by the price. Their mentality is to just hold for a long time and obviously profit taking is for the future, when we reaches new all time high.

lombok

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Maybe this only affects futures trading when it comes to liquidation. For spots or holders, this may be normal and normal if there is a price reduction.

It is normal for a price decrease to usually test a support level or close a gap that occurs. What's worse happens only in the form of a wick and the price goes back up or recovers. To be safer when playing in futures, always pay attention to the leverage and margin we use, considering how volatile the Bitcoin market is.

GeorgeJohn

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Quote from: Zigabel on December 16, 2023, 02:23:26 PM

Quote from: R100K-Martin-Lunger on December 15, 2023, 02:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

I didn't experience any loss that day neither do I know anyone who had a loss that day but then this a normal situation that occurs in the market most often and we are to be cautious enough to notice them and make sure to not be caught up in the frenzy of the losses, one of the ways we could possibly be mindful about it is by exiting once we notice some of the early confirmations that are indications about possible reversals for corrections.

That is the reason its wise to be wise in trading because if you are not wise in trading you will not know when and period that you will get lose and when you will not get lose in trading so therefore I believe that as trader we have to learn the rudiments of Trading from the beginning to the end so that we will not be victims of loss, at least when you have scrutinised trading measures very well you won't experience losses, so it's good to know movement of candles sticks so that you will know exactly when to venture into the market or not.

bangjoe

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That's what I don't like about derivatives trading, when the market reverses or is different from the results of the analysis that has been done then our position will be liquidated when a correction occurs, I have several times felt painful, if it always happens like this, even though it does offer greater profits than spot trading.

I prefer spot trading because it is much safer, although I have to have a lot of money to get enough returns, like 1%-5%. And when the market reverses, my total holdings will not be reduced, I can have the opportunity the next day to sell when the market recovers, I feel much more comfortable with this trade. Sorry for going a bit off topic but maybe you understand what I mean.

gabbie2010

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Quote from: R100K-Martin-Lunger on December 15, 2023, 02:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Though I wasn't liquidated based on just an investor of course there is some drawdown on my portfolio due to the market correction, I believe traders who traded with a leverage would have experience liquidation while experience traders would have utilized Stop Loss to minimize their losses while some traders are of the opinion that the market correction would be shortlived and would bounce back unfortunately refused to protect their portfolio which resulted to their liquidation, traders who traded with small leverage are a bit safer therefore can still hang on because the price of Bitcoin seem to started bouncing back to bullish sentiment.

tvplus006

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Quote from: MFahad on December 16, 2023, 10:17:11 PM

...I personally don't do futures trading and never intend to, because it doesn't feel right to me anyway so I always prefer spot trading...

I will not try to convince you otherwise, but I believe that the main advantage of futures is that you will continue to trade and make a profit, even when the market is in a bearish phase. But when you trade on the spot market, you do not have the opportunity to open a short position and you are out of the market at this time.

Bitcoin_people

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The situation in the market is very good for the last few weeks and it is much better than before, where people are not losing their money but making money. Also those who have liquidated in crypto may have forgotten to use stop loss due to which they lost their money. That's why you need to follow all maintenance while trading and then start trading. You trade responsibly so that your target is as per your target and you don't take too much risk but you can gradually profit in the trading field. You should never trade against a target when you start trading it is best for you to do it according to a target.

Zanab247

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Quote from: taufik123

There is no need to panic about the correction that occurred this week, isn't this a natural thing and indeed should happen.
Because Bitcoin price has also been overbought and needs this correction for the trend to remain good.

There is no loss I get before I sell the Bitcoin I hold.
It still has the advantage of being only for the long term.

And see how Bitcoin stays held at the $40k support, and that's strong enough support for Bitcoin not to drop.
I believe towards the end of the year the price will increase again higher than it is today.

I think, those that was panicking for the dump of the BTC are those that newly started trading because many old traders continue hodling their coins once they discovered that there is a changing in the market price that will make traders not to achieve what they want in the market than to apply stop loss at the moment. Despite the dump of BTC in few days ago, there is still a hope for the Market price to return back to $50k before the end of this year which is the target of some traders before they can trade to take a profit from the market.

The market price is about to move from $40k to a higher position that will attract more traders to know that this bull run that is coming will be a long bull run that will reach next year before the bear run will come back for traders to buy again and hodl.

MFahad

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Quote from: R100K-Martin-Lunger on December 15, 2023, 02:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Of course, many people's accounts have been washed,but in futures trading we must not always ignore that if we can make a very good profit, our risk of loss is also greater than that.Therefore, people who trade with high leverage usually suffer more losses, so you should always protect yourself with low leverage and stop loss.

I personally don't do futures trading and never intend to, because it doesn't feel right to me anyway so I always prefer spot trading.I often see the market go short where people try to go long and the market goes up where they expect to go short,and thus people's accounts lose a huge amount.This is the cryptocurrency market, there are often cases like this.What details will they provide to you Everyone knows how people's accounts are treated in such a situation.

tvplus006

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Quote from: R100K-Martin-Lunger on December 15, 2023, 02:26:28 PM

... If so, would you mind sharing some details about it?

Not everyone lost their money on the Bitcoin dump, but only those who had open long positions on futures and who did not use stop loss. But besides them, there were many traders who expected a correction and accordingly opened short positions and as a result received a good profit.

EarnOnVictor

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Quote from: R100K-Martin-Lunger on December 15, 2023, 02:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

I am a private trader and a careful one for that matter, I do not take excessive risk and I know how to liquidate my positions when seeing the warning sign of a potential retracement or reversal on the chart. This is why I plan my trade very well before I open the risk and I do this in such a way that it helps me have enough margin that can sustain my account in time excessive drawdown before the positions get liquidated. This was what I observed this time on Bitcoin too, because I saw the trouble coming early enough, which I believe every reasonable trader should know as well not after the damage is done. Also, I don't know traders who got caught in the web of this recent retracement. I always advise the ones I know right before issues arise. But for so many others that are known, they are investors rather than traders, so they do not have to worry about a mere retracement. The market will always retrace against those who HODL it, but it's certainly not a cause for worry. The market that retraces is the same market that will double the earnings for them when the time is ripe.

ZAINmalik75

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Quote from: R100K-Martin-Lunger on December 15, 2023, 02:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

It was not some fundamental factor that cause that temporary correction instead it was a technical one therefore we are calling it a correction and to be honest I was expecting one but did not expecting one so soon therefore I was also shocked but fortunately as a Muslim I avoid future trade and many of my fellow too.

Therefore due to this avoiding I was saved by the market as I don't trade in future but profile looks red when it dumped but I had enough belief in the market that it will recover soon and will try to cross the ath of this year again and will break through.

The dump was so quick that more than 500 million dollars were liquidated at that day and people were really frustrated but they should not do future trading until they see a good opportunity.

borovichok

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Quote from: Zigabel on December 16, 2023, 02:23:26 PM

I didn't experience any loss that day neither do I know anyone who had a loss that day but then this a normal situation that occurs in the market most often and we are to be cautious enough to notice them and make sure to not be caught up in the frenzy of the losses, one of the ways we could possibly be mindful about it is by exiting once we notice some of the early confirmations that are indications about possible reversals for corrections.

We trade and wait for confirmation, we should never dwell on mere guessing strategy rather we ought to understand the market. Losses are counted on regular basis in the market, losses are only recorded after failing to spot out promising projects in the system. The indication is mapped out as good sign of winning but we just have to be careful on confirming opportunities in the market or in a single trade. Whenever I'm in the market, I ensure to triggered good position on confirm entries. Market correction can only be triggered during bull and bear season.

Zigabel

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Quote from: R100K-Martin-Lunger on December 15, 2023, 02:26:28 PM

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

I didn't experience any loss that day neither do I know anyone who had a loss that day but then this a normal situation that occurs in the market most often and we are to be cautious enough to notice them and make sure to not be caught up in the frenzy of the losses, one of the ways we could possibly be mindful about it is by exiting once we notice some of the early confirmations that are indications about possible reversals for corrections.

Zaguru12

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Quote from: adaseb on December 16, 2023, 01:30:50 AM

Even those with only 10x leverage got liquidated because it they bought at $44K and used 10x leverage, they would be liquidate around $40K or so. And 10x leverage is not considered that large.

Over the past few weeks it seems bitcoin has actually set a support level above that $40k price which could actually make them save from liquidation but I am thinking that will change should either it will go up if the ETF spot gets approved or will break it if it gets rejected or postponed.

Quote from: CODE200 on December 16, 2023, 01:31:46 AM

I've seen or read it somewhere that when the price of bitcoin started going to 45k or so, that it was just begging for a correction which has finally happened and I am thankful for that because that means that I can still be able to buy some bitcoin and get some more out of my purchase. Good thing that I've taken a profit when it was going up, knew that it's going to go down anytime soon and I might as well sell half and get some profit out of the increase in prices.

It’s a great thing you have taken profit at your price target, taking profits base on price target seems to be more secure to me than using time frame, although you will get gutted when it actually grows more but still a little profit is better than not getting any at all. For re accumulation I will advice you to start DCA because with bitcoin rallying up again and looking to find support between $40k to $42k I am not so sure that would break now except the anticipated ETF approval takes a different turn.

OcTradism

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Quote from: taufik123 on December 16, 2023, 01:40:33 AM

If you benefit from such gains when Bitcoin reaches $44k, then congratulations and enjoy those gains.
however, you should not forget that some of these corrections indicate that Bitcoin will rise again soon.

The Bitcoin trend is quite good because of the Bitcoin Halving support that is a few months away.

A trend is a friend and the coming trend is bullish so any correction is for a higher high. It is different than in a bear market, when after bouncing well, price will be corrected and a lower low will be seen.

Quote

It will be a good trend and continue to be talked about, Start collecting Bitcoin and altcoins with potential and hold until it reaches the highest price target.

It is safer to don't touch altcoins right now if you are not consider yourself as an altcoin holder. If you only speculate the price and bet that price will rise more and you will get quick profit, it is not a good time for it.

Altcoins are risky now for short term traders and speculators because many of them rose a lot recent months.

taufik123

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Quote from: CODE200 on December 16, 2023, 01:31:46 AM

I've seen or read it somewhere that when the price of bitcoin started going to 45k or so, that it was just begging for a correction which has finally happened and I am thankful for that because that means that I can still be able to buy some bitcoin and get some more out of my purchase. Good thing that I've taken a profit when it was going up, knew that it's going to go down anytime soon and I might as well sell half and get some profit out of the increase in prices.

If you benefit from such gains when Bitcoin reaches $44k, then congratulations and enjoy those gains.
however, you should not forget that some of these corrections indicate that Bitcoin will rise again soon.

The Bitcoin trend is quite good because of the Bitcoin Halving support that is a few months away.
It will be a good trend and continue to be talked about, Start collecting Bitcoin and altcoins with potential and hold until it reaches the highest price target.

CODE200

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Quote from: taufik123 on December 15, 2023, 06:55:32 PM

There is no need to panic about the correction that occurred this week, isn't this a natural thing and indeed should happen.
Because Bitcoin price has also been overbought and needs this correction for the trend to remain good.

There is no loss I get before I sell the Bitcoin I hold.
It still has the advantage of being only for the long term.

And see how Bitcoin stays held at the $40k support, and that's strong enough support for Bitcoin not to drop.
I believe towards the end of the year the price will increase again higher than it is today.

I've seen or read it somewhere that when the price of bitcoin started going to 45k or so, that it was just begging for a correction which has finally happened and I am thankful for that because that means that I can still be able to buy some bitcoin and get some more out of my purchase. Good thing that I've taken a profit when it was going up, knew that it's going to go down anytime soon and I might as well sell half and get some profit out of the increase in prices.

adaseb

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This happens all the time, it’s mostly due to derivatives. Instead of buying spot where you can’t get liquidated people buy using futures and have leverage as high as 100x and easily get liquidated with a small move.

Even those with only 10x leverage got liquidated because it they bought at $44K and used 10x leverage, they would be liquidate around $40K or so. And 10x leverage is not considered that large.

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