Taking profits but don't be afraid! - page 5.

Cherylstar86

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Quote from: yohananaomi on May 17, 2019, 08:23:03 PM

To buy bitcoin, of course enough funds are needed because obviously the price is quite high, if you really see the current movement of bitcoin shows an increasing direction, and indeed it takes courage to buy and make investments.
also clearly need adequate funding support not just courage. predictions that bitcoin will continue to increase will be the same as in 2017.

Being confident by acknowledging the huge consequences will conquer the possible outcome into a reliable one. When we spend time and money to gain huge profits, make sure that there is an assurance in return to earn and to evade from loses, because taking the risk is difficult to determine, but we have to stay strong and be positive for every conclusions.

yohananaomi

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To buy bitcoin, of course enough funds are needed because obviously the price is quite high, if you really see the current movement of bitcoin shows an increasing direction, and indeed it takes courage to buy and make investments.
also clearly need adequate funding support not just courage. predictions that bitcoin will continue to increase will be the same as in 2017.

Mahanton

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Im even surprised when the price dropped down suddenly while im not on my PC or even watching on my smartphone.
I did miss to sell since im doing active trades but i do miss out that time because BTC is already on overbought zone if
we do base on technicals.

barota

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you should be afraid about prices when pump and dump happend with this marcket, i hope price drop to 4000 per btc soon , Why give something more than its value?

oseikuf44

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Keeping your cool during a few drop of crypto prices particularly bitcoins is the sign of maturity in trading. You never panic withdraw for few drop in prices of your coins. Wait for price to bounce back to your profit target.

WinslowIII

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The op seems to be misunderstood - he's explaining that whales are taking profits and not be afraid of this dip, not telling people to not be afraid of taking profits.

jossiel

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Well, I have been awake and witnessed that fell but I didn't do anything. I just watched on how low the rally would be and thank goodness it fell on $7k's. There were people expecting lower than that so I'm still good with that price.

You just mentioned that dont be afraid and take profits but in the end you suggested to hold and buy. Take profita when you are satisfied but dont ever lose your buying and holding position.

BitHodler

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Quote from: Haunebu on May 17, 2019, 02:36:55 PM

I am expecting the price to recover soon since this looks like a temporary correction.

It might, it might not. I have seen people on Reddit feel disappointed that they didn't buy in the $7000 range before it went to $8000 and now that the price has corrected back to $7000 again, they are gone.

People only regret not having bought after the price has gone up. If people believed it was a temporary correction they would have started buying, but they don't seem to do so.

News outlets blame a faulty trade to have resulted in the selloff that we have seen, but I don't believe any of that at all. It was a legit market sale, very likely side-leveraged on BitMEX for extra profits.

Mahanton

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Quote from: arpon11 on May 17, 2019, 03:55:19 AM

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately, "this thought come into my mind, don't be afraid, it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now, better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

This is just like a typical day here on crypto where price can crash or decrease on some percentage overnight.You cant blame people
on not to panic yet seeing your investment dropped will really give out that kind of mood or emotion.If you do believe on Bitcoin
you wont really care at all if you are eyeing for long term aspect but for shorters? Its a big deal.

WinslowIII

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Quote from: rdluffy on May 17, 2019, 03:05:42 PM

Man, in the beginning I was afraid to lose money and I follow market every hour, and it was very stressful
I think every person not used to cryptos is like me in the past

This is completly normal, BTC goes up and then goes down, make your strategy and follow
Only good traders make money selling and buying daily, but this is hard to do, so relax...

People were sweating buckets when the price was between $1 and $32, can you imagine how silly someone panic selling coins in this range feels today?

arpon11

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Quote from: Gozie51 on May 17, 2019, 03:17:15 PM

Quote from: arpon11 on May 17, 2019, 03:55:19 AM

Though, "this is not a recommendations for you to make investments decision"!

it is obvious you are not telling anybody to dump or buy more, this is speculation board, sure.

But on the same point and speculation, I would hodl longer, we might have seen a correction today, next week might be a good bull.

Thank you for making this observation and explain that this is the speculatives board of this forum. Inside me I have that believes that bitcoin is going up more in days to come no matter what has happened now. The more it reset or makes corrections downward the more we should expect the next pump to go above were it fall from. There was strong support level that seem to hold bitcoin above $7000 currently and that is seeing to be another buying point right now.

Gozie51

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Quote from: arpon11 on May 17, 2019, 03:55:19 AM

Though, "this is not a recommendations for you to make investments decision"!

it is obvious you are not telling anybody to dump or buy more, this is speculation board, sure.

But on the same point and speculation, I would hodl longer, we might have seen a correction today, next week might be a good bull.

rdluffy

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Man, in the beginning I was afraid to lose money and I follow market every hour, and it was very stressful
I think every person not used to cryptos is like me in the past

This is completly normal, BTC goes up and then goes down, make your strategy and follow
Only good traders make money selling and buying daily, but this is hard to do, so relax...

Haunebu

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What is surprising about any of this op? Did you forget that BTC was valued at $20K at one point and fell all the way down to the $3K range? Anything can happen in this volatile market. I am expecting the price to recover soon since this looks like a temporary correction.

Ailmand

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Bitcoin has proven us a lot and I guess that's already a reason enough for us to trust it. They always say that the bigger the risk you are taking, the bigger the profit that you will be gaining so we should be brave to invest. The problem sometimes is our emotions. Bitcoin is volatile and it will always go up and down.

WinslowIII

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Quote from: traderethereum on May 17, 2019, 12:52:45 PM

That is the courage to stay calm at this moment after you saw the bitcoin price is down deeper while not all people can do what you did.
Yes, we need to hold tight our bitcoin, and if there is a chance for us to buy, then we should buy it at a low price.
But if there are people who want to invest in bitcoin, they need to know that what they need to do is only buy at a low price and then hold it for a while like what we did now.
I am sure they will make a big smile when they see bitcoin price can increase higher later and that is the time for them to take the profit.

Some people think of buying bitcoins like putting money into a retirement account and let the value grow over the years without checking the price often. Others treat it like a gambling device, or a penny stock that has as much chance of going to zero as it has going to $1m. The reason I think the first group is doing the right thing is because of the situation of the world economies and the looming debt crisis that is unsolvable - mostly due to the ability to create fiat out of thin air and stick it on a debt that will never be repaid. It's the hopeless situation surrounding bitcoin that gives me faith in it's future, and this exact situation was the reason for bitcoin being created in the first place.
Bottom line is, what good is making a bunch of fiat from bitcoin trading if the value of fiat is heading to nowhere?

traderethereum

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That is the courage to stay calm at this moment after you saw the bitcoin price is down deeper while not all people can do what you did.
Yes, we need to hold tight our bitcoin, and if there is a chance for us to buy, then we should buy it at a low price.
But if there are people who want to invest in bitcoin, they need to know that what they need to do is only buy at a low price and then hold it for a while like what we did now.
I am sure they will make a big smile when they see bitcoin price can increase higher later and that is the time for them to take the profit.

WinslowIII

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Quote from: crairezx20 on May 17, 2019, 12:30:53 PM

This is normal in bitcoin why we need to be afraid? Look at the price increase from the beginning of the year compared today. It's a small amount while the price already increase more than 100%.

Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.

This works until it doesn't. From end of 2015 to end of 2017 this strategy of selling on upticks and buying back cheaper failed way more often than not. We are still a year away from halving so it's much safer to do now than year of halving, but still carries risk of price increasing from buying back with bitcoin gains.
All I'm doing is hoping for sub $5k coins again to buy more and hodling, selling is out of the question. Most traders would probably call me a retard, but this is the safest way to do it when the next halving is only a year away.

crairezx20

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This is normal in bitcoin why we need to be afraid? Look at the price increase from the beginning of the year compared today. It's a small amount while the price already increase more than 100%.

Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.

semobo

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Quote from: arpon11 on May 17, 2019, 03:55:19 AM

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately, "this thought come into my mind, don't be afraid, it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now, better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

No need to panic now and we are at better stage compared to the lowest bottom based on that we have good profits even at the current price as well.DOn't be too greedy and also don't be a hit and run trader just aim for the long and high profits.

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