Market is recovering, what steps are you taking? - page 11.

Ararbermas

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Quote from: Princeofpoetry on July 05, 2021, 06:32:17 PM

I think the market has not fully recovered, so I'm still waiting for the right time to buy. currently I prefer short term trading with small capital.

not yet but yes it will happen without knowing anytime soon, especially right now that the market were showing potential, for me its like showing signal because it keeps turning into green after showing red.
so i will suggest to accumulate more while you still have a chance mate wherein in order to obtain massive profits in the future. Because it's been a long time since market drop back to the support level, so expect it will rapidly increase once it gained enough strength..

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: QueenVera on June 28, 2021, 03:37:51 PM

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

In this scenario i will choose to stop checking the market and will keep my funds on hold because instead of selling loss i rather choose to risk for long term.

Quote

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

Actually we have our own strategy and capacity in investing .

- Others has limited fund that they need to sell out even at loss to cover the another trading.

-Others can stand longer from the previous plan as they only invest the amount they can afford to lose.

KaliLinux

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Quote from: Handsome Boy on July 05, 2021, 01:07:29 PM

Quote from: Kena Banned on June 28, 2021, 04:36:22 PM

Quote from: QueenVera on June 28, 2021, 03:37:51 PM

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I dont have free money left on my pocket, so i just staking my entire coins and doing nothing recently, if i have some free cash i would buy some dip of altcoin on spot and have some scalping by shorting bitcoin incase the price dump back.

if you don't have free money, then my advice don't force to buy cryptocurrency, because I always suggest my friends to invest in cryptocurrency using free money and not main money, therefore never invest in cryptocurrency with main money, because when the market hasn't recover and you need money, then of course you will definitely do a panic sell and it will make you lose your money.

Well, that is kinda true about which of your funds to invest in cryptocurrency with but on the other hand, you can still invest with your min money if you have the will to. I have made some investment like that and I know whatever happens I was going to ride out the storm. So it also depends on your determination for your investment because that might be the only chance you have to get in at that rate.

inanilujimi

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Merit: 259

This is a momentum to reverse the situation that previously lost a lot of money, can minimize losses by buying back what I have bought.
do not continue to expect the price as before because it will take a long time.

sunsilk

hero member

Activity: 3038

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Quote from: doomloop on July 06, 2021, 01:57:10 AM

Quote from: sunsilk on July 05, 2021, 06:37:30 PM

It's a good sign and the step that we have to take is to be determined if you're into accumulation and holding.

Yeah that is the reason, we are closely watching market movements to confirm that the market turns into recovery or still into sideways or correction phase. Still, we can simply go buying bitcoins right now and hold them for quick and easy prifits.

It will all sum up that everyone should be buying bitcoins while thinking if the market is on its recovery process or not yet or there's another wave for the correction. While the others are worried with those uncertainties, you do your work into accumulation and you're preparing yourself once the market has fully recovered if you're aiming the $40k price again.

There's no other step that you have to do when the process is there, it's all about how you take the market with what you do and taking the wisest decisions that you can ever do.

doomloop

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Quote from: seleme on July 04, 2021, 03:42:30 PM

I still wait for the market recovery, these small steps towards up are fake unless the weekly candle breaks resistance levels. After a huge drop, I wanna add more Eth to portfolio, the potentially bigger trend can be real on next market cycle. Maybe next cycle will bring more opportunities but we can't predict what will happen.

Yeah these small movements can be deceptive and signal a market recovery while it won't happen anytime soon. I think investors who have a long term vision don't need to worry but as a dynamic traders, we must wait a little bit more before we start getting too optimistic about recovery and a new ATH. Maybe the end of the year is a good estimation for a recovery.

Quote from: sunsilk on July 05, 2021, 06:37:30 PM

It's a good sign and the step that we have to take is to be determined if you're into accumulation and holding.

Yeah that is the reason, we are closely watching market movements to confirm that the market turns into recovery or still into sideways or correction phase. Still, we can simply go buying bitcoins right now and hold them for quick and easy prifits.

sunsilk

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Quote from: SFMHodler on July 05, 2021, 01:31:19 PM

I don't think it's recovering yet. We will probably see this level (and lower) for a few months, before the bull market returns.

That's the other opinion that I also saw from the others and they're thinking that it can go as low as $20k but I don't think that will happen again. We saw the recovery for bitcoin that it went under $30k radar.

And then it has recovered and reached back to $30k radar again and was able to get back a few moments on $40k then suddenly it's now stable to $33k-$34k. It's a good sign and the step that we have to take is to be determined if you're into accumulation and holding.

Yamifoud

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Quote from: Kasabus on July 05, 2021, 04:34:47 PM

Quote from: pawanjain on July 05, 2021, 11:00:02 AM

Quote from: ?? on ??

snip...

That's absolutely correct. Now is definitely not a good time to sell as the market is consolidating. It would be better to average out the portfolio now.
If market continues to rise then we might not see these prices again in near future. Also, keeping an eye on the prices and monitoring it would be good.
Staying updated to the crypto news and prices would make us a step ahead in getting in at a good opportunity.
I have bought whatever I could and I would be HODLing now until we see the peak prices again.

The market is still not stable so i would say we are not yet becoming bullish and is still in a dump season. This still a good opportunity to buy cheap coins as long as the prices are still low. But if this market will start to become green, prices will eventually start rising again and we will miss those opportunities again.

For now, i'm still observing the market and waiting if this price correction will continue. I prefer to hold my coins until i see the market is in a bullish, then maybe i will start selling my coins when the prices are definitely in their new peaks.

Likewise, most of our intention is to hold during the bear season which is a good idea instead. But we also have to think about what particular coins are we holding because for me I just hold those most promising coins and I sell those coins that I feel it never survive in the upcoming bear season.
I'd learn my previous experience as holding doesn't guarantee that you will be safe that is why I don't hesitate to secure some of my funds before the worse case to come.

Kasabus

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Quote from: pawanjain on July 05, 2021, 11:00:02 AM

Quote from: ?? on ??

if market conditions have improved then you should not be rash in making decisions, or sell all assets owned !! I think it's something wrong, if it can last for a few sensitive times in the future, maybe the market will continue to improve. I think like that

That's absolutely correct. Now is definitely not a good time to sell as the market is consolidating. It would be better to average out the portfolio now.
If market continues to rise then we might not see these prices again in near future. Also, keeping an eye on the prices and monitoring it would be good.
Staying updated to the crypto news and prices would make us a step ahead in getting in at a good opportunity.
I have bought whatever I could and I would be HODLing now until we see the peak prices again.

The market is still not stable so i would say we are not yet becoming bullish and is still in a dump season. This still a good opportunity to buy cheap coins as long as the prices are still low. But if this market will start to become green, prices will eventually start rising again and we will miss those opportunities again.

For now, i'm still observing the market and waiting if this price correction will continue. I prefer to hold my coins until i see the market is in a bullish, then maybe i will start selling my coins when the prices are definitely in their new peaks.

SFMHodler

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I don't think it's recovering yet. We will probably see this level (and lower) for a few months, before the bull market returns.

tygeade

legendary

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Quote from: ?? on ??

In investing you must research in detail each coin you want to invest and also remember to be prepared to accept any risk that you have decided. instead of investing using cold money. yes, one week ago the market was bearish where the price of btc and also other altcoins decreased in price. and at that time i thought to add some top coin investments of my choice and till today the coins i bought have made quite a lot of profit.

By cold money do you mean savings? I would be not hesitant to invest my savings into Bitcoin but I will wait for the price to rob a little bit more before I buy some more and I have already purchased some when the price was around $28k. So obviously after grabbing the possible bottom prices, like most people I am also expecting the market to recover toward a new ATH.

Quote from: ?? on ??

buy a coin that you think is good and has the potential to be at the forefront of the market recovery this time, and remember, always use idle money capital, and divide it into several altcoins in investing

And even when you invest in a coin that has a good market cap, make sure to follow the news around it. Ripple has always been among top coins but people who know problems they have with SEC will hardly ever invest much in it.

fullhdpixel

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Activity: 2828

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Quote from: Baimovic on July 04, 2021, 02:56:39 PM

My decision when the market is in an uptrend, of course I will stay and monitor the market movement whether to continue the uptrend or there will be a deeper correction, if the movement triggers an uptrend, obviously I will take the risk to buy some coins which are quite safe even though the coin price will experience correction.

That's right and people usually get hyped with the start of a bull run and forget that a correction will almost always follow it so either be ready to face the correction and don't panic sell or just wait for the correction to finally happen and then make your move.

Usually when the market is down, I try and buy more coins but this time because of all the negative energy around social media and blogs, I am deferring my decision to buy for now. This is from the idea of sailing on the same direction of what most people prefer rather than completely depending on what our technical analysis says; yeah sometimes people will nullify the TA.

Handsome Boy

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I ❤ ₿itcoin and Ethereum

Quote from: Kena Banned on June 28, 2021, 04:36:22 PM

Quote from: QueenVera on June 28, 2021, 03:37:51 PM

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I dont have free money left on my pocket, so i just staking my entire coins and doing nothing recently, if i have some free cash i would buy some dip of altcoin on spot and have some scalping by shorting bitcoin incase the price dump back.

if you don't have free money, then my advice don't force to buy cryptocurrency, because I always suggest my friends to invest in cryptocurrency using free money and not main money, therefore never invest in cryptocurrency with main money, because when the market hasn't recover and you need money, then of course you will definitely do a panic sell and it will make you lose your money.

Gayong88

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This is the condition that is happening now, this is where the importance of money management for traders is applied, meaning you can enter the market if it is time to enter. don't force it because of the correction, it is very vulnerable to happen at any time and one more thing in my opinion it is very necessary to use a stop loss if there is a significant decline

carlisle1

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Quote from: BitcoinPanther on July 05, 2021, 10:12:18 AM

Quote from: QueenVera on June 28, 2021, 03:37:51 PM

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

If I am for a long run then definitely I will accumulate while the market is recovering. This means I am able to buy at a discount since it was way too cheaper than its peak price. It would be a sad thing to just watch and see the possible profit pass by. So as long as I have free money I will definitely buy more until the time I think I am stashing enough.

Good thing to do if you are into investment, buying while the value still cheap is the best thing to do. Using your spare money and treat things for long term goals gives you that comfort that in anyhow the market will start to recover and brings you decent amount of profits.

Make sure though to set your target and have that willingness to wait till the time come and hit your goals.

pawanjain

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Nothing lasts forever

Quote from: ?? on ??

if market conditions have improved then you should not be rash in making decisions, or sell all assets owned !! I think it's something wrong, if it can last for a few sensitive times in the future, maybe the market will continue to improve. I think like that

That's absolutely correct. Now is definitely not a good time to sell as the market is consolidating. It would be better to average out the portfolio now.
If market continues to rise then we might not see these prices again in near future. Also, keeping an eye on the prices and monitoring it would be good.
Staying updated to the crypto news and prices would make us a step ahead in getting in at a good opportunity.
I have bought whatever I could and I would be HODLing now until we see the peak prices again.

panjay

sr. member

Activity: 1079

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Someone already said it, DCA if you looking to enter the market again.

I personally just farming and chill with xtz on crunch farms. It's more manageable for me to just farming, rather than actively scan and monitor my alts coins.

Wong Gendheng

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Quote from: QueenVera on June 28, 2021, 03:37:51 PM

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I think waiting is a bad thing, it's better to see new listed altcoins and study in detail including following the latest news in the telegram community, always optimistic that there is always a chance for profit even though the market is red.

BitcoinPanther

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Quote from: QueenVera on June 28, 2021, 03:37:51 PM

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

If I am for a long run then definitely I will accumulate while the market is recovering. This means I am able to buy at a discount since it was way too cheaper than its peak price. It would be a sad thing to just watch and see the possible profit pass by. So as long as I have free money I will definitely buy more until the time I think I am stashing enough.

sulis sudibyo

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Volare.network

If you think the market is recovering, then now is a good time to buy. remember this applies if you are very sure about the market situation. but when in doubt, better stay quiet and don't buy anything. it will only make you regret if later it doesn't go according to predictions.

but i suggest better not to buy at this time. look at the market in a few weeks. if the situation is still the same as it is today then buy it.

Topic: Market is recovering, what steps are you taking? - page 11. (Read 10760 times)