Price fluctuations - Opportunity or despair? - page 4.

Febo

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Quote from: Wysi on October 05, 2019, 03:20:26 AM

How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

Depends how you want to feel you can feel great and think is a great chance to buy, or you can feel bad and think is a bad time to sell. You can simply pick what your day will look like. Same when prices will be close to ATH. You can choose to be miserable to not buy more at times like this.

YuginKadoya

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Quote from: Wysi on October 05, 2019, 03:20:26 AM

How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

For traders, the fluctuation is always an opportunity for them every inch change will surely have an income whether it is an increase or decrease these changes always gets them busy trading, I guess that is why they are lean and attracted to cryptocurrency because of the volatileness, but many people are clueless of some trades because of lack of knowledge and the right thing to do when a fluctuation occurs they think that it is just a simple walk in the park that they will choose a trading side blind and hope for the luck to make an income without further research and understanding of the points and clue the market was offering.

figmentofmyass

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Quote from: Wysi on October 05, 2019, 03:20:26 AM

How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

for most people, it's the latter. that's why warren buffett said "the stock market is a device for transferring money from the impatient to the patient." most people are running around like chickens with their heads cut off, trading based on news and fomo buying and panic selling---no idea what they are doing.

if you can beat the market, go for it, but the vast majority of traders lose money.

minime0105

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Quote from: Meowth05 on October 05, 2019, 09:08:44 AM

Quote from: Wysi on October 05, 2019, 03:20:26 AM

How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

Price fluctuation is definitely an opportunity. Entering crypto could be a risk that is why you must learn to adapt and go with the flow on the movement of the market. Learn how to convert the downside into an opportunity for an example in the downtrend you could buy the coins that are cheap and make sure that it will give a high return as the uptrend comes. You must be flexible and wise in the industry otherwise you be nothing but a simpleton.

Yeah but if you don't pay attention to the price ticker then you will lose much more. See my quote :

Quote from: minime0105 on October 05, 2019, 08:02:48 AM

Altcoins bleeding is common. It will stop bleeding and start sucking like a hooker pretty soon as bitcoin recovers. You just need to wait. But for guys like me, these fluctuations don't matter. My 1 btc was worth $18,000 when I bought last year. This year it has already been worth a 6th of that. I am only hoping to see the day I can cash out my btc at 18,000 or above.

Meowth05

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Quote from: Wysi on October 05, 2019, 03:20:26 AM

How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

Price fluctuation is definitely an opportunity. Entering crypto could be a risk that is why you must learn to adapt and go with the flow on the movement of the market. Learn how to convert the downside into an opportunity for an example in the downtrend you could buy the coins that are cheap and make sure that it will give a high return as the uptrend comes. You must be flexible and wise in the industry otherwise you be nothing but a simpleton.

Pearls Before Swine

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Quote from: bitbunnny on October 05, 2019, 06:26:26 AM

So far everyone should have learned that Bitcoin is volatile. And price fluctuations are part of that volatility, that can't be changed.

I have a feeling there are some noobs who haven't learned about bitcoin's volatility yet, and they're the ones that panic when we see a 20% decline over the course of a week. My feeling is that one shouldn't always buy the dips unless there is an obvious break in an overall positive trend, which is not the case right now. Meaning this isn't a dip to be bought, and traders should just hold right now and wait to see where bitcoin goes from here.

That would be the rational thing to do in my opinion. On the other hand I dont think bitcoin is going to slide much further than it already has, no matter what Bakkt does or the halving or whatever news may come out. Remember that its still higher than it was for most of the year and part of last. Bitcoin isn't in a solid bull run but its in no way a bear market out there.

BitHodler

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It's an opportunity for those interested to take advantage of them. If you're not a trader and just rely on Bitcoin as a form of income, then the fluctuations aren't going to please you at all.

Also, I have had a problem once paying for something where I had to complete the payment within a 10 minute window. Transaction got stuck (my fault) and had to wait for it to confirm in order to request a refund.

After finally having received the funds back the price took a dive and I ended up losing/adding just over 5% extra in BTC just to make the same purchase. This is where volatility is a bitch.

minime0105

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Quote from: gantez on October 05, 2019, 08:06:19 AM

The fluctuation is good for the market. Without it, that means the market will not give out difference in price and no profit. So, when the fluctuation drops, it is better for a buy.

True but for someone that has been holding somce btc, it can be bad news. It means that the person is losing his money. Imagine if you Have $9,000 in btc in July. And then suddenly Btc price drops to $6,000. Then you lose $3,000 !! In some countries, that is the salary of an entire year..

timerland

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Took this recent small drop to buy some more BTC, pretty good drop in price and a great chance to capitalise off the little drop. I'm thinking there's going to be small correction in price and it'll shoot back up fairly quickly.

I've actually only ever bought BTC during a dip period, and it's actually worked quite well, you just need a bit of luck and insight so you know it's not a huge drop, just a small dip that will get recovered.

gantez

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The fluctuation is good for the market. Without it, that means the market will not give out difference in price and no profit. So, when the fluctuation drops, it is better for a buy.

minime0105

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Altcoins bleeding is common. It will stop bleeding and start sucking like a hooker pretty soon as bitcoin recovers. You just need to wait. But for guys like me, these fluctuations don't matter. My 1 btc was worth $18,000 when I bought last year. This year it has already been worth a 6th of that. I am only hoping to see the day I can cash out my btc at 18,000 or above.

LFC_Bitcoin

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You should see the current price drop & subsequent stagnation as a huge opportunity to buy. If you’re not buying what you can afford to now over the next few months then don’t complain when after the halving we hit new heights.

Now is the time to buy!

Jating

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Quote from: Wysi on October 05, 2019, 03:20:26 AM

How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

If you are going to follow the old adage here, buy in every dip, however,

Bitcoin goes to $13k, buy, because it will grow more.
Bitcoin goes down to $10k, buy because the price is cheap

So it really up to you to decide in the end. Usually I prefer to buy in dip, but it doesn't mean I should buy 1 full BTC, might be proportions or small amounts and then see how the market goes. So I can say it is a boon, for less experience traders, yes it's possible because they usually panic. But if you have been trading for about two years or more, most probably you are immune to this price drop and you're going to take advantage of the situation.

Quidat

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Quote from: Wysi on October 05, 2019, 03:20:26 AM

How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

Both ways but come to think that this market isnt really just made for the sole of making profits but its always been part into this kind of market.
Despair situation is also part yet this do only involves in 2 things which is profiting and losing money.The entire market is composed of
sellers and buyers which its just normal to see price fluctuations.If this market has never been volatile then i doubt we wont see a community
would be big like this.

bitbunnny

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So far everyone should have learned that Bitcoin is volatile. And price fluctuations are part of that volatility, that can't be changed. Besides, volatility is tool that helps traders to learn money, without volatility that wouldn't be possible.
And price drop and fluctuations are the opportunity to make more money not to start panic.

djsugar

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Cryptocurrencies go through high volatility because of less trading volume and high manipulation. But the volatility is always an opportunity for a trader. No trader would want a sideways market. Take advantage of the market in both uptrend and downtrend. You can go trade shorts in downtrend and earn enough or just come out of the market and go tether. Keep your stoplosses intact. Don't let your money sit idle in a trade during a downtrend. If you follow all these steps, downtrend wont be a pain in the ass. Uptrends are anyway profitable.

Flor1982

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It will depend of the situation of the crypto users of which will favor them. Expect the new comers will rejoice as they will have the opportunity to buy cheap but it will be the opposite for the long time holders as holding for long term will be in vain in which they will need to hold more longer and extending more their patience with hope that the price will increase sooner.

Wysi

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How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?

Topic: Price fluctuations - Opportunity or despair? - page 4. (Read 569 times)