Taking profits but don't be afraid! - page 6.

WinslowIII

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Activity: 308

Merit: 35

Quote from: Slow death on May 17, 2019, 07:59:06 AM

Quote from: arpon11 on May 17, 2019, 02:55:19 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!

fell more than $1000 and knowing the crypto market, this already was something expected. Whenever the price goes up a lot, it also drops a lot.

Quote from: arpon11 on May 17, 2019, 02:55:19 AM

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 do not understand why you had to think like this when these big increases and followed big losses were always normal things in the crypto world.

Quote from: arpon11 on May 17, 2019, 02:55:19 AM

I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon!

probably many people who bought when the price was $8000 should be selling with losses because they think that the price would fall a lot and never returned to the $8000. unfortunately in the market always has a winner and a loser, at the end of the day this is the market

So buy high sell low is your recommendation? gtfo with that bs, this is the worst advice ever. Non whales should be hodling and buying between now and end of 2021. Selling and hoping to buy back cheaper is for gamblers and those who are already rich.
I can't believe you would say such a stupid thing after so many examples of people getting killed doing just that. How do you think the people who dumped at $800s after buying at $1k+ back in 2014 never to reenter feel today? this is just one of countless examples of why history tells us - DON'T DO THAT. I'm 100% confident that even those buying the 2017 top will come out smelling like a rose holding for a few more years.

Naida_BR

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Activity: 980

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Quote from: arpon11 on May 17, 2019, 02:55:19 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"!

I woke up today and I had the same thoughts.
Yesterday, I was thinking if I had to withdraw and cash out some profits or all of them and come back to the market later. I didn't do so and now I think that If I had to I would have made some good profit for this month.

STT

legendary

Activity: 4102

Merit: 1454

It fell 8000 to 6600 quite quickly I saw and there was a reason for this being that 7800 is a support area and was lost. The 7200 area is the next step where price must decide direction, I have this as the 8 day moving average and once we are below this it will be a more of a bearish phase for the short to medium term.

I havent yet decided what the objective downside for losing 7200 area would be but roughly about 6600. The main point about profit taking or trading is to pick the highs and low to rebuy again, right now I think 7200 is the high till it can prove it will stay as an area of support. Longer term the 200 day average is moving up so we are not really negative at all

Adriano2010

hero member

Activity: 1414

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I also think who want to take a profit can take now, but i think the gainers will be the long holders because bitcoin should value way more and if will hit a new ATH then a good profit can be made.

Reid

hero member

Activity: 3052

Merit: 651

It fluctuates. Better get ready with that as always.
If you are a trader it is a good thing but this kind of large falls should be expected.
The hike run have been continous and it is really getting uneasy when you are in the investment side specially when you love to monitor it everyday.

Although, if you are the hodler type it wont be much of a problem for you. Bitcoin will go large, just need to be patient.

Slow death

legendary

Activity: 3164

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Leading Crypto Sports Betting & Casino Platform

Quote from: arpon11 on May 17, 2019, 02:55:19 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!

fell more than $1000 and knowing the crypto market, this already was something expected. Whenever the price goes up a lot, it also drops a lot.

Quote from: arpon11 on May 17, 2019, 02:55:19 AM

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 do not understand why you had to think like this when these big increases and followed big losses were always normal things in the crypto world.

Quote from: arpon11 on May 17, 2019, 02:55:19 AM

I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon!

probably many people who bought when the price was $8000 should be selling with losses because they think that the price would fall a lot and never returned to the $8000. unfortunately in the market always has a winner and a loser, at the end of the day this is the market

arpon11

sr. member

Activity: 882

Merit: 282

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"!

Topic: Taking profits but don't be afraid! - page 6. (Read 1077 times)