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Topic: Market is recovering, what steps are you taking? - page 9. (Read 10760 times)

legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
This was written on June 28th but I guess it applies to now as the market really is recovering now. Bitcoin just broke out of a long term RSI downtrend. The scene is set for a 6 month bull run now. The steps I’m taking are simple, HODL & wait for the peak of the bull run.
Would you like to tell me the steps that you take to determine the peak of the bull run, I have tried selling on the top of the bull run in the past but most of the times I was completely wrong in measuring the top and Misunderstood the chart and sold way before the top which costed me a fortune of lost potential profit.
The steps that I am taking are pretty simple, I just buy the coins that are most affected by the bearish trend along with investing in Bitcoins and am holding my bags and hoping to ride a bull run soon.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
This was written on June 28th but I guess it applies to now as the market really is recovering now. Bitcoin just broke out of a long term RSI downtrend. The scene is set for a 6 month bull run now. The steps I’m taking are simple, HODL & wait for the peak of the bull run.
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
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 am waiting for the market to fall, further a bit, I am not an alt-coin buyer but I have been sniffing around some alt-coin, but first the market has to go down a bit before I can get them, am not sure if these alt-coin I am sniffing around will reach there all time high again, but if they can go down enough, to my perimeters of buying them, then I can see a profit from them in future, regardless not to be a selfish person am glad the market is getting exciting again, but let's -Newbie- not get insensitive about this, I think they should give the market time, before panic buying.
full member
Activity: 1190
Merit: 108
I am still waiting to re enter to the market, actually while wait my last bought that stuck in higher price than now. I am no rush to add other coin to my portofolio, maybe until the end of this july, wait what august first week signal to re enter.
Buy more coins in 2021 is actually yes for me, but i was said, i am waiting the perfect time for it.
hero member
Activity: 2730
Merit: 632
The present market is still fairly good and bears arent in full control yet so I'm not ready to start buying coins unless there is a very bad bear market like 2018 for now I focused my attention on building a mining farm, this have been my dream since 2017 and today I can afford it, I'm ready to store some ETH, Ergo and Ravencoin in my portfolio for the future and still have my mining rigs in the process instead of just investing money on the coins
What an amazing job you are doing, because mining has very little risk, in contrast to trading which is sometimes more risky when a bear market starts happening and doesn't get any improvement in the near future so have to wait longer for some profits

If you are not careful you'll lose more inside trading, the market is for those who really understand the business and those who can extend their time to make sure that they are doing the right thing.

Setting up mining farm while holding some good assets, that's really an amazing achievements,
for sure in the long run the profits is very decent.

Choose the right assets and even there's some downfall as part of the cycles, expect that it will bounce back and bring a decent earnings to your investments.

Knowledge is very important, not only in trading but when starting mining business, nowadays, mining is not that easy, based on the news and articles I read, mining now is only most profitable to big miners, which means it requires a big investment to start a good mining farm.

However, if you'll focus on trading, you can start small and with less hassle as you can stop and resume anytime you want, you can also learn and improve until your capital will start to grow as your trading skills will improve.
When you are in passion on becoming a miner then it isnt bad to start up with  1 asic but  you should really be aware about profitability since energy cost would be one  of the  main factors that would be  needed to consider out before making any  decisions but if  you are really minding  about being worthy then its better to  invest and  hold rather than hassling yourself into something which  is a bit complicated and  does
really need big  capital for it to be worth to start on and cherish out  some considerable profits.For the steps on taking  then it is on someones choice because there are lots of things which you can really able to
do so if you are really  that serious and dedicated  and of  course it would  be needing that risk factor thing.
hero member
Activity: 2940
Merit: 715
The present market is still fairly good and bears arent in full control yet so I'm not ready to start buying coins unless there is a very bad bear market like 2018 for now I focused my attention on building a mining farm, this have been my dream since 2017 and today I can afford it, I'm ready to store some ETH, Ergo and Ravencoin in my portfolio for the future and still have my mining rigs in the process instead of just investing money on the coins
What an amazing job you are doing, because mining has very little risk, in contrast to trading which is sometimes more risky when a bear market starts happening and doesn't get any improvement in the near future so have to wait longer for some profits

If you are not careful you'll lose more inside trading, the market is for those who really understand the business and those who can extend their time to make sure that they are doing the right thing.

Setting up mining farm while holding some good assets, that's really an amazing achievements,
for sure in the long run the profits is very decent.

Choose the right assets and even there's some downfall as part of the cycles, expect that it will bounce back and bring a decent earnings to your investments.

Knowledge is very important, not only in trading but when starting mining business, nowadays, mining is not that easy, based on the news and articles I read, mining now is only most profitable to big miners, which means it requires a big investment to start a good mining farm.

However, if you'll focus on trading, you can start small and with less hassle as you can stop and resume anytime you want, you can also learn and improve until your capital will start to grow as your trading skills will improve.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
The present market is still fairly good and bears arent in full control yet so I'm not ready to start buying coins unless there is a very bad bear market like 2018 for now I focused my attention on building a mining farm, this have been my dream since 2017 and today I can afford it, I'm ready to store some ETH, Ergo and Ravencoin in my portfolio for the future and still have my mining rigs in the process instead of just investing money on the coins
What an amazing job you are doing, because mining has very little risk, in contrast to trading which is sometimes more risky when a bear market starts happening and doesn't get any improvement in the near future so have to wait longer for some profits

If you are not careful you'll lose more inside trading, the market is for those who really understand the business and those who can extend their time to make sure that they are doing the right thing.

Setting up mining farm while holding some good assets, that's really an amazing achievements,
for sure in the long run the profits is very decent.

Choose the right assets and even there's some downfall as part of the cycles, expect that it will bounce back and bring a decent earnings to your investments.
member
Activity: 164
Merit: 11
yes, the market is recovering it is very good news for the holder but It is not good news for me because when etherum dump from 1900 to 1800, I sold my etherum in loss now etherum is pumping but I can not buy it because its price is very high in this time   Cry
sr. member
Activity: 1190
Merit: 250
Buzz App - Spin wheel, farm rewards
my decision is to keep buying a number of coins slowly taking into account the potential. because what I know right now the price is going down and I will take this opportunity to buy coins in the top 10 coinmarketcap to prepare for future bullruns
member
Activity: 1260
Merit: 21
Looking at the market situation right now, I think it's not looking good for the year as there has been a lot of news as well as FUD for this market. Personally, I still think this phase of the market is just a test of our patience, and soon we will be happy again with what it is.
Soon when? because now we have entered Q3 for this year and the market is not showing any signs of making a change for the better,
so soon it is still not possible to say for sure.
Even if you believe that we are already in Q3 that means we have less time to get back to the last ATH and even surpass it, I believe you should have a rethink. I believe with Bitcoin anything can happen in the shortest time.



It took just about 35 days for Bitcoin to fall from ATH to the low of around $29k+ and if Bitcoin really wants to rally back, I believe there is still more time, 6 months still remaining in the year to do that. I believe anything can happen and I am still HODLing most of the coins and buy more if I have the funds.
I believe you. Anything can happen in the shortest time when it comes to the cryptocurrency market and Bitcoin in particular. if it didn't take long to get down to that price as you have pointed out, I also believe that we could also see a new All Time High for the bitcoin price before the EOY even though it is mostly kinda trading sideways i most say now.
hero member
Activity: 2996
Merit: 580
Hire Bitcointalk Camp. Manager @ r7promotions.com
My decision is still intact such that, i have already bought a top coin in the market with its price at low value, then it just climb up significantly over high percentage, i have DIA coin and ethereum coin that gives me a good profit now. When it reached it's peak price over this year, i have sold half of it that makes me much profit then hold the other half.
When Ethereum dropped under $2k, you bought?

That's the usual strategy that we must do. As long as you're going to follow that strategy of yours then you have to be sure that you won't miss that moment to profit.

Don't be eaten by greed when the market bounces back and you've got more than what you've planned.
member
Activity: 196
Merit: 11
The present market is still fairly good and bears arent in full control yet so I'm not ready to start buying coins unless there is a very bad bear market like 2018 for now I focused my attention on building a mining farm, this have been my dream since 2017 and today I can afford it, I'm ready to store some ETH, Ergo and Ravencoin in my portfolio for the future and still have my mining rigs in the process instead of just investing money on the coins
member
Activity: 784
Merit: 10
My decision is still intact such that, i have already bought a top coin in the market with its price at low value, then it just climb up significantly over high percentage, i have DIA coin and ethereum coin that gives me a good profit now. When it reached it's peak price over this year, i have sold half of it that makes me much profit then hold the other half.
full member
Activity: 896
Merit: 108
Personally, I think that there is no point in taking any steps now. The market is in a flat, no one knows what will happen next.
I am sure that we will go in the range of 30-40 thousand for a certain time until the whales take most of the funds of those who are trying to do something in this market.

After all, the increase is not significant enough, so I'm still waiting and seeing. very risky because the price can fall deeper, it takes quite a lot of news to be able to see the waves again. some of my friends who were carried away by the fomo some time ago have not been able to do much because the funds have not been recovered. it is quite difficult to expect another increase in the near future. I also focused on bounties and airdrops while waiting for the market to recover.
legendary
Activity: 2982
Merit: 1485
I don't see any recovery as you say, where is it please tell me because almost all coins I follow are at same price range for weeks. I wish we see lower prices but it looks very suspicious when market goes sideways and volumes are decreasing. We kinda expect this in the Summer, people cashed out and went on holiday. Now either we see lower prices so people jump back in or we see new rally but who knows when.
sr. member
Activity: 1056
Merit: 251
Personally, I think that there is no point in taking any steps now. The market is in a flat, no one knows what will happen next.
I am sure that we will go in the range of 30-40 thousand for a certain time until the whales take most of the funds of those who are trying to do something in this market.
member
Activity: 168
Merit: 19
If I had enough money, I would keep buying and holding until it went up, but I don’t have enough money right now. I would keep my coins in my wallet until I made a bigger profit.
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
Sadly at this momment i don't have any money to spend in crypto, my saving already i spend into eth in last month. Maybe i'm gonna buy more when i got my salary in the end of this month, right now my strategy in crypto is just buy more and more.

I imagine that when you bought ETH last month you bought ETH at a loss, this could be a bad, very bad thing because if you bought ETH at a loss then you should be mindful of the market if the bitcoin price drops below $28000 ( something still impossible to happen these days ), but if by some accident of fate the price of bitcoin drops below $28000 then run to sell your ETH because it will start a big dump of altcoins something that would make ETH drop below $1000. for now just watch the market, if you have a chance to sell high don't waste the opportunity to profit because we still don't know which direction the market will take
member
Activity: 464
Merit: 10
Sadly at this momment i don't have any money to spend in crypto, my saving already i spend into eth in last month. Maybe i'm gonna buy more when i got my salary in the end of this month, right now my strategy in crypto is just buy more and more.
dont be sad, maybe you will get money from another place. not from investing but from your work in bounty campaign or airdrop. better use your salary to fill daily needs so in this pandemic situation we still have reserve fund to cover emergency needs.
sr. member
Activity: 574
Merit: 250

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?

the current state of the market has not fully recovered, to buy coins maybe I will go to ETH and waves for short term trading with small capital, quite a profit for this week
Do we notice that the current market situation hasn't recovered yet, but the altcoins prices are stable? I can assure you that the market won't dip more. So many times we passed between the flat candles. As in recent history, big investors are always waiting for that time. In the current state, I'm helping my friend to invest more in the top volume altcoins.
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