If you are not familiar with this term, just look at the bitcoin price as now. There it goes!
That’s true, you really have to wait for the bottom and wait for the signal of the trend reversal. For now, you just have to enjoy watching Bitcoin falling and be ready to buy more when its the right time. Don’t panic, and stay calm if you didn’t do any stop loss then prepare to hold it for long. 
Topic: Never catch a falling knive - page 4. (Read 604 times)
Check my very current post...
You cant catch a falling knife... But you sure can pick it from the floor...
On your charts that's called support...
And Bitcoin and ethereum has just hit that imaginary floor...
How much you gone bet??
You cant catch a falling knife... But you sure can pick it from the floor...
On your charts that's called support...
And Bitcoin and ethereum has just hit that imaginary floor...
How much you gone bet??
A great saying when it comes to trading. It can be applied both literally and in relation to a sudden market crash. This saying applies in my strategy on trading both Bitcoin and other alts. I am not sure when will the drop of price will stop so I wait even though the price is already low for a good buy to make my entry point more effective. Red candles in the long run will eventually consolidate and move back up and so what I do is to look for that consolidation of prices and apply different studies if the price is now bound to go up or if it will still go down. Trading effectively and efficiently can be achieved if you apply different studies to the graph.
If you are not familiar with this term, just look at the bitcoin price as now. There it goes!
Good for those who had bought in $45k and bad for those who had panic sell when they had bought bitcoin in above $50k. These kind of situations are bit common
where theres some shake off into the market and now to those who had able to buy cheap then for sure making profits in a short span of time or didnt really take 24 hours
was indeed pretty easy.
I thought that we might be seeing 30k into that rate or fastness of movement of price decline but i was wrong again or others said that this will be
like a dead cat bounce.
Bitcoin is dumping currently and have been expecting this since but it those not mean you will see bitcoin around $10k to $20k. I think Bitcoin is down currently and nobody knows what next will happen to bitcoin the next step might be a bull run and it might still dump more so I believe if you really have intention or plans to buy bitcoin you can start buying but you don't have to buy all at once you can buy in percentage. But from what I notice about this dump the next bull run will be massive I believe if you are holding bitcoin or any other altcoins I believe you might be at lost currently but you can hold your coin don't panic since you know the kind of coin you are holding it is going to recover with time.
If you are not familiar with this term, just look at the bitcoin price as now. There it goes!
While true I think there are many that will try, but to me this is simply too dangerous, even if I do not think we are bound to see some catastrophic crash yet the potential is there, so it is better to just hold for those that are in bitcoin for the long term and wait for a better opportunity to buy more, if on the other hand you are a trader then it is still better to wait since at the time we are close to the bottom of the movement and there is no guarantee the price will not keep dropping for some more time. 
I didn't expect that today I will see the crypto market collapse so quickly and have made the market cap drop more than 15% based on CMC as I write. The altcoin average was affected by the decline in the price of bitcoin which is currently trading at a price of $46,700+ and I've seen it fall. I don't think 2018's history is being reborn today which might be considered a sign the pumping period has ended. I am sure the market will return to normal and the market capitalization will rise again.
I don't know if today's price decline is normal or not, I think the decline is quite big after the big increase a few days before. The bitcoin and ethereum network are still quite dense and transaction fee are not dropping, leading to speculation whether people are constantly dumping bitcoin from their storage wallet and altcoin in a burning market ?
I don't know if today's price decline is normal or not, I think the decline is quite big after the big increase a few days before. The bitcoin and ethereum network are still quite dense and transaction fee are not dropping, leading to speculation whether people are constantly dumping bitcoin from their storage wallet and altcoin in a burning market ?
Just because it is dropping right now doesn't mean that you should not buy it. By that logic back in 2020 march when the price of bitcoin dropped from 9k to 4k you should not buy any bitcoin, that would be a "bad idea to catch a falling knife" during that period as well, but anyone who did that would be 10x richer right now as well, in just one year you could have turned 10k dollars into 100k dollars if you did that. So right now, it is falling and you are thinking it should not be bought because it is going down now? That is as bad of an advice as anyone could ever give.
Reality is that if you are looking for a reason for not buying bitcoin, that would be actually bitcoin being so peaked out at 60k that it responded with going down super high for falling to go above that, so it should always be "never buy at peak" instead of "never buy when it is going down" because buying when it is going down is good, buying when it is peaked is not.
Reality is that if you are looking for a reason for not buying bitcoin, that would be actually bitcoin being so peaked out at 60k that it responded with going down super high for falling to go above that, so it should always be "never buy at peak" instead of "never buy when it is going down" because buying when it is going down is good, buying when it is peaked is not.
Let the knife fall on the floor freely before we pick it up in a right way. It simply means there there's always a perfect timing especially during the market situation right now. It's better to wait for a lower price so we'll never have losses and regrets in the future. If we know how to apply the basics of trading, we'll surely understand how to apply this advise.
Never catch a falling knife, these words are usually used to describe any form of investment and when the price drops sharply the investor makes a purchase and must have the guts because when everyone sells it for a big profit and he takes advantage of the moment by buying in large quantities.
and hold in the long run to sell it back at a satisfactory profit when the price goes up high, and that way is very common but the result is very profitable and must be disciplined and consistent and must be patient.
but in my opinion the market is currently undergoing a correction and it will rise again and also don't expect a sharp decline because investors will lose confidence due to fear and not all investors' thoughts are the same.
and hold in the long run to sell it back at a satisfactory profit when the price goes up high, and that way is very common but the result is very profitable and must be disciplined and consistent and must be patient.
but in my opinion the market is currently undergoing a correction and it will rise again and also don't expect a sharp decline because investors will lose confidence due to fear and not all investors' thoughts are the same.
The author gives us good advice. I read something similar in Jack Schwager's "market magicians". There one old trader advised to buy only the market where there were no more falling daggers left. More precisely, “when the last dagger stuck in the floor stops trembling,” then you need to buy. Otherwise, we risk cutting our hands. On the other hand, everything is determined by the position size.
People could safely catch the knife together with amount they can afford to risk/lose to avoid getting injured and prevent it from falling sharply to the floor.
I think they could catch the knife with something other than their flesh to avoid getting bloody hands.
The saying is right but if you know what you're doing, you're not catching the knives but you're catching those cheap bitcoins this time.
If you believe that it's a good time to buy then it should be your decision and do it unless you're hesitant.
If you believe that it's a good time to buy then it should be your decision and do it unless you're hesitant.
If you are not familiar with this term, just look at the bitcoin price as now. There it goes!
Trading is a risky business and this saying is for traders. Obviously it's better to wait until it's down and buy the bottom. But the bottom doesn't last, so the traders with balls are "fishing".
The rest are watching and waiting.
Some fishers will catch the bottom, some will get burned.
The reference about Bitcoin being a "falling knife" seems kinda wrong.I don't mind buying and HODLing
The reference is for traders. Investors/HODLers will wait until the price rises again. This could be just another refueling stop.
All the hype about Ellon Musk and Tesla buying and adopting BTC is gone.
All the rumors about big institutional investors joining the crypto markets and buying BTC are gone.
When you have those things in mind,it's pretty obvious that the current price correction was pretty much expected to happen and the BTC market will return back to normality.
All the rumors about big institutional investors joining the crypto markets and buying BTC are gone.
When you have those things in mind,it's pretty obvious that the current price correction was pretty much expected to happen and the BTC market will return back to normality.
It rose too fast. A stop for catching breath is good, although it does look scary, I don't deny that. TA people were warning about this around one month ago.
The news come and go. The buyers love these dips, they may even cause them to buy the bulk cheaper.
All the hype about Ellon Musk and Tesla buying and adopting BTC is gone.
All the rumors about big institutional investors joining the crypto markets and buying BTC are gone.
When you have those things in mind,it's pretty obvious that the current price correction was pretty much expected to happen and the BTC market will return back to normality.
The reference about Bitcoin being a "falling knife" seems kinda wrong.I don't mind buying and HODLing BTC in the long term,even though the price is falling.Unfortunately,I don't have enough capital right now.
All the rumors about big institutional investors joining the crypto markets and buying BTC are gone.
When you have those things in mind,it's pretty obvious that the current price correction was pretty much expected to happen and the BTC market will return back to normality.
The reference about Bitcoin being a "falling knife" seems kinda wrong.I don't mind buying and HODLing BTC in the long term,even though the price is falling.Unfortunately,I don't have enough capital right now.
This is a true advise. Catching a falling knife can make you a slaughtered goat and leaving you there bleeding just as the market is bleeding now. Bitcoin is on high fluctuation at the time, it is selling at $46,285/777, from last week $56k. This is blood bath at this time but is normal if you also follow the market.
Totally agree with the OP here. Just checked the basic stats and it shows 4.8$ Billion from 529897 traders were liquidated in the last 24 hours.
The single largest was on Huobi with BTC value of 20.66$ Million. Futures trading is so so risky when the market is shaking, all you need is one single mistake and all of your portfolio will be vanished in a minute.
The single largest was on Huobi with BTC value of 20.66$ Million. Futures trading is so so risky when the market is shaking, all you need is one single mistake and all of your portfolio will be vanished in a minute.
The author gives us good advice. I read something similar in Jack Schwager's "market magicians". There one old trader advised to buy only the market where there were no more falling daggers left. More precisely, “when the last dagger stuck in the floor stops trembling,” then you need to buy. Otherwise, we risk cutting our hands. On the other hand, everything is determined by the position size.
If you are not familiar with this term, just look at the bitcoin price as now. There it goes!
Great Saying here
because it will surely hurt or scratch you if does , better wait for the drop and then pick it up from the floor so you can choose in which part you will handle the Knife and no risk in having it in the Blade part.But we must be also aware that any moment the growth will come because for me this is what correction is all about.
If you are not familiar with this term, just look at the bitcoin price as now. There it goes!
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