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Topic: Take advantage of this recent pull-back. (Read 302 times)

hero member
Activity: 1806
Merit: 671
September 28, 2019, 03:47:45 PM
#26
The way I see it is it had been more of an advantage for us already hodling Bitcoin is that if we have shorted it by moving our position from BTC to USD and by that point we have taken loads more in the process if we have risked on selling everything. I myself didn't sold everything and went to a more reasonable sell on that situation and that is selling 50% of my holdings with how things look now I don't think it was the best move but I really didn't expect for Bitcoin to drop this low. The good thing is I have somehow participated with the recent price correction and I expect to gain some when this is over, I'm staring at profits as early as Bitcoin goes back above 8,700$ again hopefully Bitcoin starts to go bullish again in the coming days or weeks.
sr. member
Activity: 2380
Merit: 454
September 28, 2019, 02:55:46 PM
#25

The OP, "Goprimexbt?" Sounds like some hardcore shilling by the site owner.
All the links in the article include a reference code, so I don't think it's the site owner, just a naive/malicious user trying to lure other people with terrible advice to benefit from referral rewards.

I agree, this guy is using a very obvious referral marketing to gain profits by his sugary words that only naive people will believe. Come on guys, this is 2019 and soon we are in 2020 already, stop using bitcoin's name in order to brainwash other people to sign up for your referral link that will not really help someone to earn money, this is too old. Why not try to publish more useful article OP like "How to survive this bearish market without panic selling", something like that.
hero member
Activity: 2996
Merit: 609
September 28, 2019, 12:17:58 PM
#24
Just might be the solution but you have to act fast.

What?! Really?! Is it that urgent to take the bait and click on the link?  Grin

It is true that crypto supporters, especially the newbies, should learn to take a pull-back as an opportunity to buy at a discounted price, but you don't have to say things as if your article is the one and only source of enlightenment people could have.

That is certainly the wrong way to catch naive fishes here!  Grin
Even you do say that naïve fishers but there would be definitely people gonna click up that link.Its true that there are lots of sources on the net
but you cant stop peoples curiosity anytime they do encounter up some links specially if the introduction is pretty well said.

In just common sense as a trader, pullbacks are definitely the opportunity to buyback then rinse and repeat but this will be applicable if you do make short trades.
hero member
Activity: 1078
Merit: 507
September 28, 2019, 09:41:23 AM
#23
If you see the drop, the drop went till the 0.786 level from $10400 and rebounded which is a healthy correction as 0.786 is often respected by the market. Hence, this rebound is a good opportunity to enter a trade if you are looking for short term gains.

Though there is a possibility that $5400 might get touched if the market went for another sell off which will take the price to 0.618 level which can only happen if the price goes below $7k. But as of now there is a strong buy demand between $6500-$7500 levels.
hero member
Activity: 1092
Merit: 500
September 28, 2019, 09:30:32 AM
#22
Hello fellow crypto traders,
  A few days ago I published an article "Is it worth the risk" on my blog and a few websites and I believe that it may contain some useful information pertaining to crypto and trading. Especially if you happened to be long yesterday and took a hit on that nasty pull-back. It costs nothing to check it out and a quick read. https://goprimexbt.com/2019/09/23/is-it-worth-the-risk/
Just might be the solution but you have to act fast.

In other words, you offer your knowledge in the field of the trading industry, which we have nothing else to do but invest in you and you will turn it into trading and return us 100x profit, do you mean in your proposal. How can you say that every concept knows 100x of leverage?

sr. member
Activity: 756
Merit: 251
September 28, 2019, 08:49:39 AM
#21
Just might be the solution but you have to act fast.

What?! Really?! Is it that urgent to take the bait and click on the link?  Grin

It is true that crypto supporters, especially the newbies, should learn to take a pull-back as an opportunity to buy at a discounted price, but you don't have to say things as if your article is the one and only source of enlightenment people could have.

That is certainly the wrong way to catch naive fishes here!  Grin
hero member
Activity: 1414
Merit: 505
Backed.Finance
September 28, 2019, 07:37:25 AM
#20
I agree mainly with the title and some point stated in the article. The current pullback is currently giving a good opportunity to some people who thought they have missed the boat. No one really missed it, but truth be told some have better positions than that of other people. I would say that anything below $10k is still a good buy long-term, but I wouldn’t go far into it by putting random numbers out of thin air to justify my side.

I agree with you.Below $10,000 is a good entry point. The lower the better, and this recent bearish market is a good entry point but be cautious as it may go down further.Just enter in staggered positions and always look out for news and market movement.
hero member
Activity: 2100
Merit: 794
Top Crypto Casino
September 28, 2019, 07:11:57 AM
#19
The pull back wasn't that drastic to make a meal out of the situation and it has started to show recovery instinct, and the year is all most up so I don't see bitcoin getting to $15000 this year anymore, probably sometime next year
I also agree with you. The owner's topic blog seems to be heading towards expectations. I felt that he was only expecting a bull run and did not feel that he was analyzing practically. With Bitcoin's current bad chart, it will be very difficult or impossible to reach $ 15k by the end of this year.
aa
A clip from the article the OP posted:

Quote
Anyways, please position yourselves to capitalize to the max when Bitcoin takes off to its newest all-time highs $35,000-$50,000. If you don’t have enough capital to invest then I suggest signing-up for a wallet like PrimeXBT. Even with just $100 you can take advantage of the 100X leverage and BUY a FULL BITCOIN.

What does everybody think of this??  This sounds like putting a carrot on a stick in front of a bunch of hungry donkeys.


Haha, The excerpt doesn't mention the risks aligned with using a 100X leverage margin Smiley Except you're comfortable with losing $100 that is. Aside from OP's Predictions, I do feel Bitcoin would one day – At the very least, Attain a price of $30K or even more. But then, We can't say for sure what comes next.
member
Activity: 445
Merit: 10
Worlds Simplest Cryptocurrency Wallet
September 28, 2019, 02:33:24 AM
#18
The pull back wasn't that drastic to make a meal out of the situation and it has started to show recovery instinct, and the year is all most up so I don't see bitcoin getting to $15000 this year anymore, probably sometime next year
I also agree with you. The owner's topic blog seems to be heading towards expectations. I felt that he was only expecting a bull run and did not feel that he was analyzing practically. With Bitcoin's current bad chart, it will be very difficult or impossible to reach $ 15k by the end of this year.
hero member
Activity: 1232
Merit: 669
September 28, 2019, 01:31:21 AM
#17
A clip from the article the OP posted:

Quote
Anyways, please position yourselves to capitalize to the max when Bitcoin takes off to its newest all-time highs $35,000-$50,000. If you don’t have enough capital to invest then I suggest signing-up for a wallet like PrimeXBT. Even with just $100 you can take advantage of the 100X leverage and BUY a FULL BITCOIN.

What does everybody think of this??  This sounds like putting a carrot on a stick in front of a bunch of hungry donkeys.

100X it's the greatest scam in the world, why?

People use to think it's easy not to get burned by 1% price movement, hah! specially in crypto.

But they don't read between lines, because you need some percentage of your position to open a margin, it's something like.. 0.45% of the position..


if you get liquidated at 1% that means when you open a 100X position you at the same time are about to get liquidated if the price move against you by 0.55%

it's tricky.. but that's the way bitmex and other platforms that offer leveraged, make their money.

and this is only the first part, I'm not taking into account the fees you need to pay for maintaining a leveraged position open.
legendary
Activity: 1862
Merit: 1015
September 27, 2019, 07:55:27 PM
#16
the article you provided only contained about 100 times the leverage when trading, I thought about your suggestion to invest in bitcoin, because at the beginning of the article you said bitcoin,
Now we just have to wait for Bitcoin to complete its pullback, because the pullback done by Bitcoin in September is very long.
sr. member
Activity: 503
Merit: 250
September 27, 2019, 11:53:22 AM
#15
The pull back wasn't that drastic to make a meal out of the situation and it has started to show recovery instinct, and the year is all most up so I don't see bitcoin getting to $15000 this year anymore, probably sometime next year
$15000 isn't that impossible to reach before 2019 ends, hopefully it would. The recent market situation is a big opportunity to grab for now as market is showing recovery right after it went down, profit is possible for average investors. I guess this was just a whale trap set up with the launch of BAKKT to make people not to give a shot on BAKKT. What do you think of it ?
sr. member
Activity: 2338
Merit: 338
September 27, 2019, 11:40:05 AM
#14
The pull back wasn't that drastic to make a meal out of the situation and it has started to show recovery instinct, and the year is all most up so I don't see bitcoin getting to $15000 this year anymore, probably sometime next year
We should have to be considerate also, not just by eating such a meal but we are having this chance, and why not have to grab this? 
Well, I don't see any basis that we could have a chance to reach for $15k or $20k...it is big enough to see the entire market moving up for at least 2%. It is already a satisfying and fair price for me. Well, I don't know the others.
member
Activity: 210
Merit: 13
September 27, 2019, 11:28:03 AM
#13
It was the strongest pull back in the past couple years.  Longer-term price movements have changed to bearish.
member
Activity: 560
Merit: 14
September 27, 2019, 11:20:58 AM
#12
The pull back wasn't that drastic to make a meal out of the situation and it has started to show recovery instinct, and the year is all most up so I don't see bitcoin getting to $15000 this year anymore, probably sometime next year
member
Activity: 210
Merit: 13
September 27, 2019, 11:10:03 AM
#11
It feels like there is a little nip in the air, like another crypto winter is on it's way...
sr. member
Activity: 1988
Merit: 283
September 27, 2019, 11:03:37 AM
#10
Yup we must take advantage the pull back because every fluctuation there's always a chance it will bounce back afterwards without knowing.  But I'm not saying we should focus in long term because market isn't stable wherein it's very dangerous for us to stay in the line. So we must be aware also and prefer to gain quick to at least there's a opportunity to accumulate profits despite of the volatility. .
sr. member
Activity: 2436
Merit: 272
Eloncoin.org - Mars, here we come!
September 27, 2019, 09:34:43 AM
#9
But, why only Bitcoin? Many currencies are increasing their value this year. Thanks for the article but, I think is necessary to talk about all the currencies.

For example, this year has been very good for mintme and mintme coin. We are in this and we have learned how to negotiate. And I see a promising future for mintme project
he only talks about bitcoin because bitcoin has a high trading volume and most of them are held by whales. The whales will never let people decide the price of bitcoin, they will definitely pump in the future and that is why he only mentioned bitcoin.
We can't simply say most bitcoins were owned by whales,they have enough amount to stir the market and do manipulation but still most owned by many people who don't have to act as how the whales want.In future the bitcoins will get diluted once more people get adopted but still people need to help the adoption and hold as long as you can.
member
Activity: 770
Merit: 10
https://streamies.io/
September 27, 2019, 08:35:59 AM
#8
But, why only Bitcoin? Many currencies are increasing their value this year. Thanks for the article but, I think is necessary to talk about all the currencies.

For example, this year has been very good for mintme and mintme coin. We are in this and we have learned how to negotiate. And I see a promising future for mintme project
he only talks about bitcoin because bitcoin has a high trading volume and most of them are held by whales. The whales will never let people decide the price of bitcoin, they will definitely pump in the future and that is why he only mentioned bitcoin.
sr. member
Activity: 1008
Merit: 297
Grow with community
September 27, 2019, 05:39:03 AM
#7
But, why only Bitcoin? Many currencies are increasing their value this year. Thanks for the article but, I think is necessary to talk about all the currencies.


Its because BTC has proven its value

I'm not actually against other coins as I am also holding a reputable coins

Being said that coin reputation and its value are a major considerations for investments

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