Need to be more cautious than ever | Bitcointalksearch.org

buwaytress

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Quote from: South Park on March 07, 2020, 11:52:15 AM

Don't know about you, but it really is easy for me to say hold, and do it. It literally takes no effort once funds are secured in your own wallet! Wasn't fazed at 20k, wasn't at 3k, keep waiting for Bitcoin to truly shock me! But I guess after surviving miners trying to boss things around, big blockers trying to blackmail people, etc. etc. All this is getting kinda boring. Even CW trying feebly to make people scared he's releasing 1M btc was quite embarrassing to see =p

Different strategies are effective for different people, you find holding easy and that is amazing, it means that most likely once bitcoin hits really outrageous prices you are going to still be holding the bitcoin you have now and even more as you buy more bitcoin during the dips, but it is easy to see how holding can be difficult for people, especially for those that bought at the last ATH and had to endure the crash all the way to 3k not knowing if they will ever recover their money.
[/quote]

Well, it depends. For me, to put it simply, I think I have two alternative scenarios for an endgame.

The first is a timeframe, but that's really, really far away. Retirement age, so not earlier than say 2045? So when I reach this age, regardless of price, I will want to liquidate what I can for a retirement and pension (hopefully, not even liquidate if by then bitcoin pays for even more things). And the rest goes to inheritance and I no longer care for what happens to BTC.

The second is a price range, so if this outrageous price hits my range, then I also liquidate and give away remaining to inheritance. This is, of course, the ideal scenario, but unlikely to happen.

Twinkledoe

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It depends on person's priorities at the time of his trading. Because if you are not depending on your crypto portfolio, you can wait til the market is okay. But if you have urgent needs, you will sell your crypto even if you are losing.

Quote from: Kelvinid on March 07, 2020, 06:56:36 PM

I really appreciate those people who could manage to hold in times of crisis. But somehow it was not effective at all times knowing of its volatility. Besides how strong we are and even positive for the upcoming but sometimes we've been affected by our emotions and badly brought us in the worse case and sell our coins.

Most of those people that can manage are those that have no immediate need of their crypto. So they can wait longer. And they are ready to treat this as long-term investment. But this will only be true, if they are holding good alts with real usage. Otherwise, they will be losing a lot of money because they are waiting for nothing.

Kelvinid

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I really appreciate those people who could manage to hold in times of crisis. But somehow it was not effective at all times knowing of its volatility. Besides how strong we are and even positive for the upcoming but sometimes we've been affected by our emotions and badly brought us in the worse case and sell our coins. People have a different market appreciation and therefore, of different thinking that is why some could hold and some could not.

South Park

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Quote from: buwaytress on March 03, 2020, 04:25:14 PM

Quote from: Yamifoud on March 03, 2020, 03:16:02 PM

It was easy to say "HOLD" but we couldn't think that everyone will do the same. It for sure, many will sell their coin when the saw declines just for the sake to save some. Volatility will remain and we don't have to complain about it. That is why we can't see that market just dump instantly because many we're holding, the same thing that it won't move straight high because someone is also selling it. If we all are of the same thinking about the market, it absolutely we can't see its volatility...

Don't know about you, but it really is easy for me to say hold, and do it. It literally takes no effort once funds are secured in your own wallet! Wasn't fazed at 20k, wasn't at 3k, keep waiting for Bitcoin to truly shock me! But I guess after surviving miners trying to boss things around, big blockers trying to blackmail people, etc. etc. All this is getting kinda boring. Even CW trying feebly to make people scared he's releasing 1M btc was quite embarrassing to see =p

Different strategies are effective for different people, you find holding easy and that is amazing, it means that most likely once bitcoin hits really outrageous prices you are going to still be holding the bitcoin you have now and even more as you buy more bitcoin during the dips, but it is easy to see how holding can be difficult for people, especially for those that bought at the last ATH and had to endure the crash all the way to 3k not knowing if they will ever recover their money.

jhonjhon

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Quote from: Wysi on March 02, 2020, 04:20:48 PM

Quote from: Hippocrypto on March 02, 2020, 03:19:28 PM

Quote from: South Park on March 02, 2020, 02:16:27 PM

Quote from: michellee on February 26, 2020, 11:17:20 PM

Quote from: inanilujimi on February 26, 2020, 08:16:21 PM

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

We are seeing an important recovery in the market, after reaching 8400 the price has recovered more than 400 dollars which is a good sign, however I do not really believe the market is going to keep going up, the panic for the coronavirus is spreading around the world so most investors are nervous about investing in a speculative asset like bitcoin, so most likely we are going to get to the halving at a price close to what we are seeing now, however there is also the possibility the price goes down before the halving just as it has happened during the previous halvings.

That percentage of price recovery earned a huge impact to holders who've been patiently halting their selling. They've been facing several struggles in life, but still kept choosing to stay focus on their principles to develop an assurance in order to fulfill each and every goals. Price will goes up and down, as part of volatile market so fluctuations could be visible at all times.

We have to accept the fact about crypto domain and make appropriate moves, we cannot blame the market for its fluctuations when we are already aware that it is going to be a volatile situation forever, stability is temporary over here. We need to be mentally prepared for all these fluctuations.

Investors should have known that in the first place before investing in crypto, it is our responsibility as investors to study and know everything about the investment wanted for us to be prepared it whatever it will throw us. Crypto or bitcoin in particular has been very unpredictable in it’s 10 years of existence and we should already know that and that we should have been mentally prepared already and knows what to do around it. We should be wise in managing our coins in whatever situation there maybe.

dunfida

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Quote from: Oasisman on March 02, 2020, 09:56:13 PM

Quote from: Wysi on March 02, 2020, 04:20:48 PM

We have to accept the fact about crypto domain and make appropriate moves, we cannot blame the market for its fluctuations when we are already aware that it is going to be a volatile situation forever, stability is temporary over here. We need to be mentally prepared for all these fluctuations.

There's no stable price for Bitcoin and other alts except the stable coins. Though the price sometimes stay at an specific level, $8,000 for example. But the price are still moving sideways. Let's say it changes more than 1% in a 24hr time frame.
The main problem here isn't the fluctuations or the volatility, but the ability to predict the next market movements.

Your right even in forex and stocks where prices do still moves but it does have lesser percent when it comes to volatility but having fixed price doesnt fit out to be used when talking into markets.

If these things arent moving then profitability would already be an issue yet buyers and sellers wont exist in the first place in that case.The only reason why we do tell that it is stable is on when

the market is moving sideways but as said it do still moves even on the slightest one.

buwaytress

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Quote from: Yamifoud on March 03, 2020, 03:16:02 PM

It was easy to say "HOLD" but we couldn't think that everyone will do the same. It for sure, many will sell their coin when the saw declines just for the sake to save some. Volatility will remain and we don't have to complain about it. That is why we can't see that market just dump instantly because many we're holding, the same thing that it won't move straight high because someone is also selling it. If we all are of the same thinking about the market, it absolutely we can't see its volatility...

Don't know about you, but it really is easy for me to say hold, and do it. It literally takes no effort once funds are secured in your own wallet! Wasn't fazed at 20k, wasn't at 3k, keep waiting for Bitcoin to truly shock me! But I guess after surviving miners trying to boss things around, big blockers trying to blackmail people, etc. etc. All this is getting kinda boring. Even CW trying feebly to make people scared he's releasing 1M btc was quite embarrassing to see =p

Yamifoud

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Quote from: kentrolla on March 03, 2020, 02:45:33 PM

Quote from: ?? on ??

Quote from: Wysi on February 18, 2020, 02:30:43 PM

Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.

panic selling is also very important friend, don't only look at it from one point of view, but more than one, if you don't sell it then you can also get caught up, and one surefire way you take it is HOLD, it doesn't matter if you sell it right, even if you have a loss

Panic sell will lead you to the downfall mate, Just hold and wait until the market gears up also it's not about looking at one point it's Just a precaution. I agree the market is very volatile but that doesn't mean it will go down day by day, once the market starts slowly recovering then you can make your decisions.

It was easy to say "HOLD" but we couldn't think that everyone will do the same. It for sure, many will sell their coin when the saw declines just for the sake to save some. Volatility will remain and we don't have to complain about it. That is why we can't see that market just dump instantly because many we're holding, the same thing that it won't move straight high because someone is also selling it. If we all are of the same thinking about the market, it absolutely we can't see its volatility...

kentrolla

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Quote from: ?? on ??

Quote from: Wysi on February 18, 2020, 02:30:43 PM

Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.

panic selling is also very important friend, don't only look at it from one point of view, but more than one, if you don't sell it then you can also get caught up, and one surefire way you take it is HOLD, it doesn't matter if you sell it right, even if you have a loss

Panic sell will lead you to the downfall mate, Just hold and wait until the market gears up also it's not about looking at one point it's Just a precaution. I agree the market is very volatile but that doesn't mean it will go down day by day, once the market starts slowly recovering then you can make your decisions.

KTChampions

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Quote from: el kaka22 on March 03, 2020, 09:35:48 AM

I assume when people say that price of bitcoin is stable they do not mean it is literally exactly the same amount, they mean that volatility is lower those days and spread is smaller as well. Sure it moves a lot even on the calm days compared to worlds many other investment options but considering bitcoin has moved from 7k dollars to 10k to now under 9k once again in just under 2 months, we can safely say that when bitcoin moves only 200-300 dollars that is "stable" for bitcoin.

So, it is actually a relative stable compared to what you mean by other stable terms. Dollar is more stable even tho it loses its value as well but inflation is very tiny compared to what bitcoin can do, however bitcoin is stable now as well compared to how volatile it can be, its all relative.

Short periods of time when bitcoin is stable (movement in the range of 200-300 dollars) does not speak of any qualitative changes in volatility. These can be periods of consolidation before rising or falling, and after them volatility can rise sharply again. This pattern is constantly repeated. Perhaps the emergence of many derivatives can affect the decrease in bitcoin volatility, but I do not think that this will be a radical influence.

tbterryboy

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Quote from: Wysi on February 18, 2020, 02:30:43 PM

Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.

You sound too realistic but fortunately I'm not a short-term trader hence I never need to worry about any bull trap or panic sell scenarios. These are the concerns only for the active traders and for the people who believing in to making use of dips for buying, definitely no need to worry about them.

Panic and uncertainty due to corona virus must be one of the important factor every bitcoiner must need to consider at this moment. Because, it must be completely all-new factor which is highly influencing world economy and economics of bitcoin too. So, we need to react according to the market fluctuations this time because we have never experienced what such worldwide economic panic will do in the history of bitcoin markets.

el kaka22

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I assume when people say that price of bitcoin is stable they do not mean it is literally exactly the same amount, they mean that volatility is lower those days and spread is smaller as well. Sure it moves a lot even on the calm days compared to worlds many other investment options but considering bitcoin has moved from 7k dollars to 10k to now under 9k once again in just under 2 months, we can safely say that when bitcoin moves only 200-300 dollars that is "stable" for bitcoin.

So, it is actually a relative stable compared to what you mean by other stable terms. Dollar is more stable even tho it loses its value as well but inflation is very tiny compared to what bitcoin can do, however bitcoin is stable now as well compared to how volatile it can be, its all relative.

Oasisman

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Quote from: Wysi on March 02, 2020, 04:20:48 PM

We have to accept the fact about crypto domain and make appropriate moves, we cannot blame the market for its fluctuations when we are already aware that it is going to be a volatile situation forever, stability is temporary over here. We need to be mentally prepared for all these fluctuations.

There's no stable price for Bitcoin and other alts except the stable coins. Though the price sometimes stay at an specific level, $8,000 for example. But the price are still moving sideways. Let's say it changes more than 1% in a 24hr time frame.
The main problem here isn't the fluctuations or the volatility, but the ability to predict the next market movements.

Wysi

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Quote from: Hippocrypto on March 02, 2020, 03:19:28 PM

Quote from: South Park on March 02, 2020, 02:16:27 PM

Quote from: michellee on February 26, 2020, 11:17:20 PM

Quote from: inanilujimi on February 26, 2020, 08:16:21 PM

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

We are seeing an important recovery in the market, after reaching 8400 the price has recovered more than 400 dollars which is a good sign, however I do not really believe the market is going to keep going up, the panic for the coronavirus is spreading around the world so most investors are nervous about investing in a speculative asset like bitcoin, so most likely we are going to get to the halving at a price close to what we are seeing now, however there is also the possibility the price goes down before the halving just as it has happened during the previous halvings.

That percentage of price recovery earned a huge impact to holders who've been patiently halting their selling. They've been facing several struggles in life, but still kept choosing to stay focus on their principles to develop an assurance in order to fulfill each and every goals. Price will goes up and down, as part of volatile market so fluctuations could be visible at all times.

We have to accept the fact about crypto domain and make appropriate moves, we cannot blame the market for its fluctuations when we are already aware that it is going to be a volatile situation forever, stability is temporary over here. We need to be mentally prepared for all these fluctuations.

KTChampions

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Quote from: Ethereums on February 28, 2020, 12:59:35 AM

Quote from: STT on February 26, 2020, 10:32:29 PM

https://i.imgur.com/NJgSoS6.png

This is where people get rekt for selling since the price keeps falling. But at the moment, someone trying to take the chance since he knows there will be a bottom for this situation. My friend told me this is the chance to buy at low, but i still not convinced and still waiting for the best price at 7k actually. Maybe just my personal analyst that made me keep sane at the bay right now. I can't afford to lose my saving if i buy at this price level since many bear still lurking if u watch the price movement.
For this level right now which at 8K level , price still on sideways moment. My speculation there will be big movement again in 2-3 days, and there will be raise or falling deeper to 7K which already mentioned before. I hope my analyst goes wrong since many of my friends keep buying at this level which they think already cheap if they took 10K before as last top level.
Well, i couldn't agree more if they think like that...

The fall did not happen. The growth that we have seen since the writing of your post has already been “closed” by your forecast or is there still uncertainty? I (like many others) expected this day to open with a decrease in cryptocurrency prices and was very surprised by what happened.

Hippocrypto

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Quote from: South Park on March 02, 2020, 02:16:27 PM

Quote from: michellee on February 26, 2020, 11:17:20 PM

Quote from: inanilujimi on February 26, 2020, 08:16:21 PM

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

We are seeing an important recovery in the market, after reaching 8400 the price has recovered more than 400 dollars which is a good sign, however I do not really believe the market is going to keep going up, the panic for the coronavirus is spreading around the world so most investors are nervous about investing in a speculative asset like bitcoin, so most likely we are going to get to the halving at a price close to what we are seeing now, however there is also the possibility the price goes down before the halving just as it has happened during the previous halvings.

That percentage of price recovery earned a huge impact to holders who've been patiently halting their selling. They've been facing several struggles in life, but still kept choosing to stay focus on their principles to develop an assurance in order to fulfill each and every goals. Price will goes up and down, as part of volatile market so fluctuations could be visible at all times.

South Park

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Quote from: michellee on February 26, 2020, 11:17:20 PM

Quote from: inanilujimi on February 26, 2020, 08:16:21 PM

sometimes the words and actions are not synchronous, in my opinion right now it's good to get out for a while from trading, when the market gets better maybe that's the right time to re-enter.

This time is very difficult for us to stay in the market because the market still goes down, and there is no sign of increasing back. It is better to watch the market only without buying because if we still trying to buy the coin, I am afraid that we can get in a trap by buying at a high price. Maybe we need to calm down to see where the market will move, and if somehow, the price can give us the sign to bounce again, then we can try to buy some amount of the coin so we can try to make a profit in this situations.

We are seeing an important recovery in the market, after reaching 8400 the price has recovered more than 400 dollars which is a good sign, however I do not really believe the market is going to keep going up, the panic for the coronavirus is spreading around the world so most investors are nervous about investing in a speculative asset like bitcoin, so most likely we are going to get to the halving at a price close to what we are seeing now, however there is also the possibility the price goes down before the halving just as it has happened during the previous halvings.

Ethereums

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Quote from: STT on February 26, 2020, 10:32:29 PM

This is where people get rekt for selling since the price keeps falling. But at the moment, someone trying to take the chance since he knows there will be a bottom for this situation. My friend told me this is the chance to buy at low, but i still not convinced and still waiting for the best price at 7k actually. Maybe just my personal analyst that made me keep sane at the bay right now. I can't afford to lose my saving if i buy at this price level since many bear still lurking if u watch the price movement.
For this level right now which at 8K level , price still on sideways moment. My speculation there will be big movement again in 2-3 days, and there will be raise or falling deeper to 7K which already mentioned before. I hope my analyst goes wrong since many of my friends keep buying at this level which they think already cheap if they took 10K before as last top level.
Well, i couldn't agree more if they think like that...

sunsilk

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Quote from: ice098 on February 27, 2020, 02:37:05 PM

If we're still making same mistakes just like before, nothing will change but frustrations will happen again and again. You won't improve within yourself, because you let the past dominates over you.

Yeah, correcting the past mistake is the best thing to do right now. If you have been buying at the top then why not reverse it and start buying while it's at the bottom. And as we can see, the market isn't that high and it's not on the peak.

Meaning, that if we're even buying at the top for the past few years or with your past experience then why not try to buy when the price of bitcoin is way cheaper as it is right now?

TIDOVEE

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Thank you, I don't think there is anyone here who was here at the 2017 period, who Should have not learnt one lesson or another. It's about 3 years now. And any one then should be 3years older in cryptocurrency. It's not a small period of experience. So, we should be good advisers to ourselves and those who are just coming in. Though we can't stop learning. The issue of when to sell and buy still however depends on individual motive. Some wouldn't mind to loose now because the are ready to consciously bear the loss, to meet up other fains.

Topic: Need to be more cautious than ever (Read 563 times)