Market Correction | Bitcointalksearch.org

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Quote from: bettercrypto on March 06, 2024, 03:07:25 AM

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

Because of the correction this past day, there are many people who bought bitcoin at its expensive price. Did they buy them without knowing that there is already a retracement happening in the market? Of course, either they will be disappointed or there is nothing they can do but wait for its price to rise again in the market.

That's why it's difficult to buy when there is a liquidation to be done in the market, but the one who understands is really a winner and will get a good profit in situations like this

That's the problem of those investors who carried away from the hype; they are buying assets or entering into a trade without thinking or considering what might happen in a few days. I get it. In the bitcoin market, maybe there is a chance of it increasing more as bull runs are not around, then it's better to buy assets than do a trade because if you enter into a trade at a price hike, then if the price drips because of a slight correction or other circumstances,. You will be in trouble and also lose your trade in money, so this should be a lesson that you shouldn't just believe and carry away in hype without even thinking or analysing. Because that is the most common mistake that every investor makes,think before you engage in any trade or investment, or else you will learn it the hard way. Now that the market is more unpredictable, we should always take precautions.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: armanda90 on March 06, 2024, 05:38:53 AM

Quote from: tygeade on March 06, 2024, 12:18:33 AM

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

Absolutely right, panic during correction moment give advantage or profitable for trader or holder keep calm and do not panic moment keep hold their bitcoin or altcoin assets until recovery to the higher price. Today, bitcoin dropping drastically after success raise up to $68k and dropping under $59k but without few hours success return back almost to the higher price until $66k.
Usually the beginner or new trader always get panic moment for selling their investment assets when price drastically dropping or correction moment, need much experienced in trading how to keep calm and hold cryptocurrency assets during correction time and most of them try to buy back more when market on correction.

Last night I got opportunity with my cheapest order with bitcoin, I don't know how possibility drastically correction and lucky ability for buying back bitcoin under $60k.

When we do speak about the market then this is something that cant really be predicted on which there would really be those price crashes or correction on which we cant be having a market that would really be having that kind of movement upwards like forever. Just like been said by others that what comes up must come down. You wont really be able to have that panic on the time that you do already have that awareness on how this market behaves or simply having the experience towards this in regard. We do know that this isnt something that we can be able to know and this is why we do have those tools and indicators on which we can make use at least.

Although it wont really be something an assurance or to be precise for you to make use but at least you do have the idea about those probabilities. Just make yourself that get prepared with those corrections.
Instead on making yourself panic with those drops, it would be wise and better that you should be seeing this to be an opportunity for you to buy cheap and make profits
when the market comes back up.

armanda90

hero member

Activity: 1190

Merit: 599

Quote from: tygeade on March 06, 2024, 12:18:33 AM

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

Absolutely right, panic during correction moment give advantage or profitable for trader or holder keep calm and do not panic moment keep hold their bitcoin or altcoin assets until recovery to the higher price. Today, bitcoin dropping drastically after success raise up to $68k and dropping under $59k but without few hours success return back almost to the higher price until $66k.
Usually the beginner or new trader always get panic moment for selling their investment assets when price drastically dropping or correction moment, need much experienced in trading how to keep calm and hold cryptocurrency assets during correction time and most of them try to buy back more when market on correction.

Last night I got opportunity with my cheapest order with bitcoin, I don't know how possibility drastically correction and lucky ability for buying back bitcoin under $60k.

bettercrypto

sr. member

Activity: 1498

Merit: 271

DGbet.fun - Crypto Sportsbook

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

Because of the correction this past day, there are many people who bought bitcoin at its expensive price. Did they buy them without knowing that there is already a retracement happening in the market? Of course, either they will be disappointed or there is nothing they can do but wait for its price to rise again in the market.

That's why it's difficult to buy when there is a liquidation to be done in the market, but the one who understands is really a winner and will get a good profit in situations like this

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: kentrolla on March 05, 2024, 07:53:17 AM

Quote from: adpinbr on March 04, 2024, 11:15:23 PM

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

That's the challenge as people panic and sell it off at loss without much plan, either those who don't want to risk it or cannot follow the trend needs to have SL applied beyond the risk ratio or else they need to sell it with minimal loss because what I have seen people doing is neither both as correction phase or market dump they will wait for the market to pump expecting an equal and opposite reaction and it further goes doen but they don't want to sell it as they have lost good amount of value by now, but eventually end up selling due to funds. They need to have a clear strategy in order to sustain.

I don't mind having my funds struck during the correction phase of its BTV but I won't be comfortable doing same with Altcoin

The panic during the correction stage will be so profitable for people who do not panic. I mean it's clear that we are going to end up with a much better solution eventually, but that's just not the way it goes, we should be considering the situation to be something that will take sometime.

I hope that it gets to a much better place, and we can make it work one way or another. I get that it is not going to be easy, but it is not going to be impossible neither, we should just consider holding as the solution. When those people panic and sell, we will be here trying to grab it when it is lower, and then it will go back up again and the people who didn't panic and bought it will be the ones who make the most profit out of it.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: shawonngp on March 05, 2024, 11:42:49 AM

Quote from: boyptc on March 05, 2024, 05:41:55 AM

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

Just like now, there's a flash crash. People again showed their true nature as if the market didn't came from $50kish level for Bitcoin and now from ATH of $69k, down to $61k. Still in a panic? don't be!

Quote from: MFahad on March 05, 2024, 12:10:04 PM

Quote from: boyptc on March 05, 2024, 05:41:55 AM

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

The corrections we have seen in recent days are way lower than the pumps that we are witnessing in the market. Bitcoin has already touched $69k which wasn't expected at all despite some people predicting that it will hit a new all-time high before the halving but we were not expecting that to happen this soon. We are still a month or more away from the halving event, what else can we expect from the market? $70k?
Such corrections shouldn't make anyone panic because the price of Bitcoin dropping $2k from its value is then gaining more than $5k which should make people gain more confidence.

The correction has came and that's a normal thing and expected moment to come. So that's like a correction of $7k-$8k after hitting the peak again.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: kingvirtus09 on March 05, 2024, 01:10:39 PM

In my honest review of what has happened in the market this past week, I think that there has now been a short correction in the market, and then it will start again to completely break the previous ATH of the past in 2020.

That's why the winners are those who keep up and those who bought when there was a correction in the market. The winners are those who have a deep understanding of trading.

It wont really be called a market if it wouldnt really be having a correction or something that we can call those price drops. Market doesnt really work on having that a single path movement of price on which
neither going up or down. We should really be putting up into our minds that what comes up must goes down and this is something that a trader must realize because if you cant or you do think
always about the positive then you are really just that putting up yourself on great frustration on the time that market would really be having that correction.

This is why it would really be that just normal that to those people who are able to buy when market corrects are the ones who would really be making those profits or money, compared into
those who did buy when the market pumps and having that god green candle or simply getting FOMO are the ones who would really be caught by the dump.
You would really be able to experience those mistakes in real situation if you do have this kind of approach.

kingvirtus09

full member

Activity: 938

Merit: 108

OrangeFren.com

In my honest review of what has happened in the market this past week, I think that there has now been a short correction in the market, and then it will start again to completely break the previous ATH of the past in 2020.

That's why the winners are those who keep up and those who bought when there was a correction in the market. The winners are those who have a deep understanding of trading.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

Quote from: shawonngp on March 05, 2024, 11:42:49 AM

Quote from: boyptc on March 05, 2024, 05:41:55 AM

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

Then you should opt for holding rather than trading. A lot is happening in the market and if you are not such that is deeply rooted in it to know what is actually happening, panic may set in, and before you know it, you might have made decisions that you will regret. Trading is technical, that's why we should be technical with it as well, we should always learn the behaviour of the market in every situation we see, so that we can be appropriate and not base our decisions on emotion or our instinct. The two had made me lost/missed bitterly in the past as the case may be, but now, I give the decision-making power entirely to my trading chart and not what I feel would happen or how I feel it would happen.

As traders, we should learn and know the difference between the trend, the retracement/correction, the range, the channelling/sideways market and so on. In every one of these conditions, any trader can make a mistake, but if we are well-informed, clever and patient with our analysis and decision-making, we will surely get to know what the market is actually resorting to doing instead of liquidating when we should not. Also, the use of stop loss is good to avoid mistakes like this and this must be smartly placed after enough analysis to avoid mistakes.

MFahad

hero member

Activity: 2506

Merit: 645

Eloncoin.org - Mars, here we come!

Quote from: boyptc on March 05, 2024, 05:41:55 AM

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

The corrections we have seen in recent days are way lower than the pumps that we are witnessing in the market. Bitcoin has already touched $69k which wasn't expected at all despite some people predicting that it will hit a new all-time high before the halving but we were not expecting that to happen this soon. We are still a month or more away from the halving event, what else can we expect from the market? $70k?
Such corrections shouldn't make anyone panic because the price of Bitcoin dropping $2k from its value is then gaining more than $5k which should make people gain more confidence.

shawonngp

full member

Activity: 856

Merit: 111

Buzz App - Spin wheel, farm rewards

Quote from: boyptc on March 05, 2024, 05:41:55 AM

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

Quote from: adpinbr on March 04, 2024, 11:15:23 PM

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

That's the challenge as people panic and sell it off at loss without much plan, either those who don't want to risk it or cannot follow the trend needs to have SL applied beyond the risk ratio or else they need to sell it with minimal loss because what I have seen people doing is neither both as correction phase or market dump they will wait for the market to pump expecting an equal and opposite reaction and it further goes doen but they don't want to sell it as they have lost good amount of value by now, but eventually end up selling due to funds. They need to have a clear strategy in order to sustain.

I don't mind having my funds struck during the correction phase of its BTV but I won't be comfortable doing same with Altcoin

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: adpinbr on March 04, 2024, 11:15:23 PM

I sold some bitcoin that day, so what happened usually happens.

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

Quote from: adpinbr on March 04, 2024, 11:15:23 PM

It is something that you really don’t need to panic or you have to do is to stay calm.

I agree.

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

MusaMohamed

sr. member

Activity: 966

Merit: 306

Quote from: stadus on December 19, 2023, 04:26:46 PM

You will only lose if you dare to sell your coins at a lower position than you bought it first. And for me, that's always a wrong decision to take most especially if we only sell because of the fear of losing more. Fear is something that won't help us in the long run so we need to control it or avoid it as much as possible.

However, with the previous price correction, I guess I have not known some friends who resort into selling their coins. Most probably because they know that they will only lose in the process, or it's just that they don't have valid reasons to sell at that time so there's no point of selling if you don't need some immediate funds either.

By investment with own money, not from any loan, we will have better psychology and can make better decision for holding or taking profit. With our own money and long term plan, we will not worry that we must to find a peak to take profit in one market cycle. We possibly will have better psychology for holding as we can easily accept that we miss peak of this market bull run and move onward with a next bull run, next four years.

It's not bad to take profit partially to enjoy profit and make our life better but by fear of missing the peak, chance to take profit but also fear of missing higher highs, better chances, we need to take profit partially and gradually with time.

[ANN] JJG Sustainable Bitcoin Withdrawal Strategy.

adpinbr

sr. member

Activity: 1078

Merit: 254

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

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

You will only lose if you dare to sell your coins at a lower position than you bought it first. And for me, that's always a wrong decision to take most especially if we only sell because of the fear of losing more. Fear is something that won't help us in the long run so we need to control it or avoid it as much as possible.

However, with the previous price correction, I guess I have not known some friends who resort into selling their coins. Most probably because they know that they will only lose in the process, or it's just that they don't have valid reasons to sell at that time so there's no point of selling if you don't need some immediate funds either.

kojektea

sr. member

Activity: 2296

Merit: 256

Vave.com - Crypto Casino

Yes, I thought it was a bit strange that day, where I thought my analysis was good enough to be ready to open a position but it turned out the market was moving in the opposite direction. I think this has something to do with the price of bitcoin which tends to be unstable. It's a good idea in the next few days until the new year to continue to focus only on Bitcoin in trading, this reduces the possibility of us being liquidated. On average, those who were liquid were those of us who were trading in altcoins at that time. I think if we trade with bitcoin it is much more accurate, especially since bitcoin is unstable, sometimes it rises significantly and also falls more quickly.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

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

What details are you actually trying to find?
How they do lost up those trades?
How much they have lost?

Usually these liquidation reports would really be just be seen on some news or notifications on which this is usually be posted up specially into those crypto related news site.
Is this something new? No its not but rather it is really just that a normal thing which liquidations of those positions whether long or short could happen.Why?
This market is unpredictable and with some unexpected events like black swans and regulation issues would really make out those sudden shifts on which
it would really be messing up someones positions even no matter how good it is.

We can call it a market if we do speak about these movements on which there would really be corrections on which you should expect that these are the primary things
on which you would really be able to encounter once you would really be able to touch up this space.

synchronym

full member

Activity: 504

Merit: 163

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

Bitcoin is a popular name. Bitcoin's popularity is increasing day by day. So I think there is no need for Bitcoin correction. Bitcoin will reach its peak of success at its own pace. Bitcoin is a risk. So when we trade in Bitcoin we must be careful to trade in Bitcoin. Bitcoin is risky, so if we want to trade Bitcoin, we must trade Bitcoin with that risk.

Ahli38

hero member

Activity: 952

Merit: 779

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

In fact, every time a correction occurs, many positions are always liquidated. It amazes me how people place trades with liquidation positions so close. What amazes me is that many of those liquidated are worth hundreds of thousands of dollars or more. But this is something I have become accustomed to seeing. Especially when there are announcements of economic events such as the FOMC meeting and so on. At that time, it is common for us to see the candle become like a syringe that flies quickly and then falls quickly too. Which is like targeting the closest and largest liquidation positions. Because when all large positions have been liquidated, the market will calm down again. This has become a habit in today's market.
If you want to see and get notification at telegram every large liquidated position use this. (BinanceLiquidations)

jaberwock

legendary

Activity: 2660

Merit: 1074

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

legendary

Activity: 2576

Merit: 1655

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

sr. member

Activity: 882

Merit: 326

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

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

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

hero member

Activity: 1400

Merit: 674

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

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

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

legendary

Activity: 2268

Merit: 1655

To the Moon

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

sr. member

Activity: 700

Merit: 380

🎗️🍁🎭

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

full member

Activity: 1358

Merit: 207

Catalog Websites

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

hero member

Activity: 2506

Merit: 645

Eloncoin.org - Mars, here we come!

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

legendary

Activity: 2268

Merit: 1655

To the Moon

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

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 1414

Merit: 670

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

hero member

Activity: 1148

Merit: 518

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

full member

Activity: 434

Merit: 202

Duelbits.com

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

hero member

Activity: 868

Merit: 952

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

hero member

Activity: 1722

Merit: 801

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

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

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

sr. member

Activity: 1484

Merit: 323

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

legendary

Activity: 3808

Merit: 1723

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.

Ben Barubal

member

Activity: 560

Merit: 17

Eloncoin.org - Mars, here we come!

Quote from: Johnyz on December 15, 2023, 04:47:58 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

Every market have their own correction cycle and in crypto, you can always see it.
Those who got liquidated probably forget to set their stop loss and think that Bitcoin will finally reach its peak that easily without entering into any corrections.

As you trade, you have to be more conservative and lower the risk that you are taking, don’t ever trade without your target price and your cut loss price, this is a trader with a responsible decision making.

Only bitcoin experts can actually keep up with the correction you are talking about. Then another thing you say you saw is just your assessment, and it's not 100% certain that it will actually happen. Even if you say that you have a source link for that, if there is, it will still remain speculation.

Even though I see a correction in the market, I cannot say that this is what will happen; it can happen and it can also not happen. Because the market is so volatile and unpredictable, the same thing happens to the ecosystem we live in for a few years.

MusaMohamed

sr. member

Activity: 966

Merit: 306

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?

If you are a holder who hold your bitcoin in your non custodial wallet, you are not affected by market, centralized exchange liquidations.
If you are a trader who trade with Spot only, don't use any leverage, don't use Futures, you are not affected by liquidations.

If you don't take high risk with leverage or Futures, you will see corrections as very healthy corrections to keep the marketing running towards its bull run in 2024. Bitcoin halving is around the corner as it will happen in April 2024.

With this view, you will see corrections as very great chances for you to accumulate more bitcoin with discount prices.

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

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.

terrific

hero member

Activity: 2324

Merit: 513

Catalog Websites

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 don't because I don't publicize my trades anymore. Just for my own safety, if someone asks me directly about crypto or trading, I'd speak to them.
But I have seen a lot of people that have been liquidated on it but basically these are just small traders and this is nothing to make them worry about.
What details you want to know? Usually, there's no difference from most of them because if they're liquidated, that's it.

Johnyz

full member

Activity: 2086

Merit: 193

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

Every market have their own correction cycle and in crypto, you can always see it.
Those who got liquidated probably forget to set their stop loss and think that Bitcoin will finally reach its peak that easily without entering into any corrections.

As you trade, you have to be more conservative and lower the risk that you are taking, don’t ever trade without your target price and your cut loss price, this is a trader with a responsible decision making.

goaldigger

sr. member

Activity: 2422

Merit: 357

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

This is the risk of being too greedy and not setting your stop loss price, we know that the market is still not stable and yet we choose to be more greedy.

The correction is normal and you should always anticipate it. Futures liquidity always at a bigger risk, I’m still wondering why many are not using the stop loss feature especially when they are away from their monitors and still have an open position.

Fatunad

sr. member

Activity: 2226

Merit: 347

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

Corrections are common and to those people who had been liquidated are the ones who had been hit up by counter trend. So this is something that new anymore.

You want some heatmap.? Check in here.
https://www.coinglass.com/LiquidationData

Talking about liquidations then this might be not updated but this could at least put some picture out.
Roughly $260 million of longs were liquidated on April 19; this is the biggest liquidation for longs in 2023.
Roughly $250 million of shorts were liquidated on April 14, previously the most liquidations seen this year.
Source: https://cryptoslate.com/insights/biggest-long-liquidation-event-for-crypto-in-2023-took-place-on-april-19/

Numbers are counting adding up into those recent liquidations.
So why would you care that much about to those people who had lost up their trades?
What specific details you do really want to hear? Aside on getting liquidated?

R100K-Martin-Lunger

jr. member

Activity: 142

Merit: 1

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

Topic: Market Correction (Read 478 times)