Recent dumping of bitcoin : how to take advantage of it - page 2.

jjacob

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Quote from: Dorisebere on November 29, 2017, 03:29:56 PM

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago. This is where traders make their profit, buy when it's dumping and sell when it's pumping. Buying now will be great to sell in few days time when the value increases.

You are making a lot of assumptions - that the dump is market manipulation, it is temporary and the price will go up in a few days. Even if one of these fails, your strategy to make quick bucks goes for a toss. It is better to accumulate at regular intervals, to try and average out your costs.

leonardofr

newbie

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But when you say "sell", do you mean converting to Fiat or to other Crypto?

aardvark15

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Quote from: Dorisebere on November 29, 2017, 03:29:56 PM

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago. This is where traders make their profit, buy when it's dumping and sell when it's pumping. Buying now will be great to sell in few days time when the value increases.

This is a good time to start buying because we know the price can go above $11,000 very easily. People are cashing in profits to buy back lower.

I’m just long term holding everything I have right now, but if I had some extra money sitting around, I would start putting in buy orders at key target prices.

pixie85

hero member

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I'm not so sure about that so I'm not buying. I have bought some of my coins early this year and decided to hold. I was hoping for 8k USD at the most but it went much higher which got me a bit concerned that at least the last 3k must consist of new users ready to dump at any moment. I think that we might be going up and down from this for some time. People have to get familiar with the price and calm down. If you put your money into the day trading range be ready to day trade, if you know what I mean.

RobbieDK

full member

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How to handle those crashes?

The most easy strategy it:
- HODL your power hitters;
- Use those moments to convert FIAT to BTC for dirty cheap extra power hitters to upgrade your army

lucifochrome

full member

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taking advantage of it is as simple as buying at low and selling at high but that is in theory, in reality it is hard because we have to predict how the market will perform, honestly i thought it will reach 12K before dumping but 11K then dumped i guess i predicted that wrong, if you have patience you will make a profit, for short trading you can just add bitcoin when the price dumped and sell some when the price rise back up.

Ruetli

newbie

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I believe that Bitcoin below $10k is a strong buy. The question is when to sell. Aiming near the top before correction is much more difficult.

wiser

legendary

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You have to be very patient, and willing to hold onto your coins when others are panic selling. In general, when you see the price shooting up really fast you can expect it to correct at some point. But you don't know when. So you sell when the run up seems to be slowing down. You most likely won't hit the top, but that's OK. Likewise, when it's falling, you try to buy when it's settled down a bit, and most likely the price will continue to fall some after you've bought in, so you have to let that go and hold on until you see the price rise again. Some people are cut out for that sort of thing and others are not. A lot of people are not cut out for that, which is why those who are get rich.

asdlolciterquit

hero member

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Quote from: Dorisebere on November 29, 2017, 03:29:56 PM

Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago. This is where traders make their profit, buy when it's dumping and sell when it's pumping. Buying now will be great to sell in few days time when the value increases.

if everyone know when to sell and when to buy...we all be rich. But reality is different.

We all want to sell high e buy low...but how many of us are able to do it?

Dorisebere

newbie

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Bitcoin today made a tremendous increase to 11.5k $ which was a surprise to everyone but just had a fall back to 9000$ some minutes ago. This is where traders make their profit, buy when it's dumping and sell when it's pumping. Buying now will be great to sell in few days time when the value increases.

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