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. Let all the worries and hesitations gone away, and start all in scratch then move on a new way of life then set all certain plans according to previous bad experiences.
Consider it as your warning and prevent any sorts of panic overpower your decisions, always let your best skills prevail instead of seeking others opinion.
Topic: Need to be more cautious than ever - page 2. (Read 563 times)
As Rothschild said: "Buy when there's blood in the streets, even if the blood is your own." But most likely he did not mean margin trading, but conservative investments during the crisis. Given the fact that the crisis is just starting to buy too early.
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 lossSo, I assume that panic selling is for those who didn't know the prediction or they only make a decision to buy and sell based on their lust and was tempting with the movement price. And it is negative thing if my perspective so as much as possible I should be a able to avoid it.
Buy when others are fearful.
Its looking pretty dam shaky, I want to know if the current prices will form to be a ceiling or we can recover above them. It is possible its begun a quite aggressive negative trend
https://i.imgur.com/NJgSoS6.png
Previous on the left it turned into a bit of support but its below that trend at the moment. Aggressive targets to downside are 7500 area or lows of late last year.
https://i.imgur.com/NJgSoS6.png
Previous on the left it turned into a bit of support but its below that trend at the moment. Aggressive targets to downside are 7500 area or lows of late last year.
Negative phenomena in the economy greatly affect the crypto. If countries do not start massively introducing QE analogues to support an economy suffering from coronavirus, then we will fall much lower than these levels. Maybe to 4000-5000.
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.
What do you mean words and action? I assume you mean the predictions "sometimes" don't coincide the outcome. Well, most of the time predictions doesn't meet the expectation. Not "sometimes", but "most of the time".
Why dont you want to get out of the market when the price is declining? Imho, that's the perfect time to get in and buy more while the price are still low. Then get out when the price target is reached.
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 have been in up and down movement so many times. but here we are, we are still here believing in bitcoin. but of course if you are in tight spot right now when it comes to investment, you really have to be cautious where you will invest. or ask yourself, if it is time to invest in alts or just stick to few top crypto like btc. and by now, we know that investing in crypto comes at high risk, so whatever you decide at the end of the day, you should have contingencies afterwards. else, you will be trap and will make decisions that will further ruin your financial situation.
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.
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.
Indeed we should learn from our past experience and think deeply what could be the best move to gain profit. But sometimes even we already experience losing our capital due to wrong decision we tend to forget it and again taking the risk hoping this is the right thing to do.Each of us has different way of thinking and we can't coerce anyone to do the same just because we thought we are right. It's just shows that we have different strategy and belief on how the market will perform.
We should have done this right from the very start but I guess there isn't something like being too late in crypto.
It would always be better safe than sorry so we should really be more cautious than ever,
We have experience the rapid price increase in 2017 and also the rapid downfall of 2018 so we should be more cautious right now that there are more people who are trying to create FUD and FOMO.
Seeing the fall in prices like this time of course we must be vigilant if you want to buy, maybe prices will continue to plummet in the next few days. But some people just make this a good opportunity to buy lots of potential coins as their long-term investment. All choices are up to you, but I think now is not the right time to sell your coins. It would always be better safe than sorry so we should really be more cautious than ever,
We have experience the rapid price increase in 2017 and also the rapid downfall of 2018 so we should be more cautious right now that there are more people who are trying to create FUD and FOMO.
Its looking pretty dam shaky, I want to know if the current prices will form to be a ceiling or we can recover above them. It is possible its begun a quite aggressive negative trend
Previous on the left it turned into a bit of support but its below that trend at the moment. Aggressive targets to downside are 7500 area or lows of late last year.
Previous on the left it turned into a bit of support but its below that trend at the moment. Aggressive targets to downside are 7500 area or lows of late last year.
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.
When you start in investing or trading in crypto or maybe before you start, you should know how to be more cautious because money is not just a talk. We need money for us to buy all our needs and want. Being cautious doesn't need to remind to people every little time, besides all of us should know that money is not that easy to get.
We should have done this right from the very start but I guess there isn't something like being too late in crypto.
It would always be better safe than sorry so we should really be more cautious than ever,
We have experience the rapid price increase in 2017 and also the rapid downfall of 2018 so we should be more cautious right now that there are more people who are trying to create FUD and FOMO.
It would always be better safe than sorry so we should really be more cautious than ever,
We have experience the rapid price increase in 2017 and also the rapid downfall of 2018 so we should be more cautious right now that there are more people who are trying to create FUD and FOMO.
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.
Indeed, now that the price of Bitcoin is slowly retaining its price above the $9,400, this could be a sign of the Bullish run everyone thinks of. As the days comes closer and closer to the month of the halving in may, we should keep on holding Bitcoin for the fact that its supply would be affected greatly by the event. The halving indicates a massive demand for Bitcoin as its supply gradually decrease during and after the event. This could be the best time to buy a lot of Bitcoin before its price pumps high and it would be too late.
This is why you need to be incredibly cautious, just today the price has gone down significantly and the past days have been terrible for anyone predicting that a bull run was coming, the market reached a price that was unsustainable and now we are seeing an important correction, to me the current price is close to what I would consider fair but I will not be surprised if it overcorrected as panic took control over the market during the next few days. 
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.
Easy to say but really hard to be done by someone who've been dealing with this market specially volatility is your main enemy.
You cant say that you wont be falling into Fuds or Fomos from time to time because even veterans do experience panic sell or massive buy
but somewhat our experience would really be helpful on how we do face up these circumstances.Being cautious is a must if you do like
to succeed into this market.
"Need to be more cautious than ever" is the same thing I seen 4 years ago when I joined crypto. People who are in for longer wrote about troubled times, that caution should be on the highest possible level. What's changed? As anyone can notice nothing except one thing, the crypto market worth more now than before, more money is in it, everything else is the same, the price still fluctuates, there are good and bad projects, people should be careful all the time!
I agree that learning from the mistake will be important,its because we cannot predict our business fate on a daily basis ,as they say that experience is the best teacher.so if your profit today is too small you must do something else to prevent loss and stress and make your own market recovery,i mean you have to be wisely and careful because money is easy to find but it is easy lose in a flash and maybe you need to undergo some training for trading to avoid panic to buy and sell to the market.
if we already done a mistake on the past then we already know how to deal with this kind of market or unless if you are a hard headed person that still love to do and repeat same mistake again and again . speaking of mistake , its not a mistake to buy once you saw a drop on the price but its a mistake to sell once the prices are droping especially these days . its okay to consult others if your unsure about your decisions but that is risky because you wont know if they are telling the truth or not
Doing the wrong thing or decision the first time is called a mistake but if you did it again then it isn’t a mistake anymore it is a choice. You already know it is a mistake why do it again right?. The simple role in bitcoin is buy low and sell high which means you buy when the price is lower and sell it if the price is higher than the price when you purchased it, sell when you think you can get profits from it.
Now, the risk of buying Bitcoin today is somewhat of higher risk as the price started to soar high. If you have that strong belief and trust towards Bitcoin, you're certainly be buying more but for those who are taking more precautions, they might not and may have to wait for the price to dump before investing.
The risk would not be high if you are willing to hold for longer term, bitcon already soar a big percentage since it started this year but there's still more room for growth, bitcoin is expected to rise due to the increasing demand so $20,000 is still quite a good target in 1 year time from now. Jump to: