The slow 5 days of green ended in less than 5 hrs. - page 2.

Siren

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Quote from: leonair on February 24, 2019, 10:54:22 AM

I thought the slow price increase of Bitcoin is a sign of a Bull market but I was wronged, it happens so fast. I'm deciding to invest $1000 yesterday, thanks God I didn't. It seems spike increase nowadays are so scary as it follows a downfall afterwards.

New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell Shocked

.

I can celebrate with you mate coz i also planned to buy again and just waiting fore $4,500 mark before putting another investment
Lucky that after an hour the prices drops again

And you’re right that this is another strategic experience for us whos eager to re enter the market again

TheCoinGrabber

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Quote from: Jating on February 24, 2019, 01:37:19 PM

Quote from: TheCoinGrabber on February 24, 2019, 12:09:25 PM

I must admit, even though I keep telling my to wait for it to get back to 6k before selling, I was tempted to sell at 4k. Well, guess I missed the chance and have to wait some more.

Lol, me too, I was tempted to sell some of my stash because I wanted to buy something and then whoahh, suddenly the price goes down that fast, I miss the opportunity, but anyways, I'm not in a hurry to buy that item though, so yes, we have to wait a bit further.

But the slide, was really fast though, matter of minutes as I was monitor it, don't know what triggers it, hopefully we may have to try to get back that $4k - $42xx range again.

I too am clueless since there seem to be no big news that caused it but maybe it's just people trying to exit when they saw a slight increase?

Me I'll be waiting for 6k, I just don't know how long I'll have to wait.

Ozero

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Hardly the next time Bitcoin will behave in a similar way to use the strategy you specified for the period of its sale. However, in general, this is a good tactic. Now bitcoin is unlikely to be able to rise for a long time in its price and therefore it is possible to use its price surges. However, it is better to do this in parts, so the risk will be less.

wendiar19

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Quote from: susila_bai on February 25, 2019, 06:36:03 PM

If you see the market movement chart of 2016 then you will see that when the market bottomout the market started to move up and then it will go down half, like if the market is up 10% then the market will correct 5% and then same way it will go up. So i think this correction is expected as market moved up 30% and it was knowing that short term traders will take profit. If this movement goes same then we can see next up market moving above 4500+. so dont be sad of market going down, always buy when market is down and sell when it is moving up.

indeed, price movements in 2016 can be said like that but you must know the price movements that occur in 2018 and 2019 will not be like that, the price movements will be different from year to year and no one can predict the price movements of bitcoin.

susila_bai

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If you see the market movement chart of 2016 then you will see that when the market bottomout the market started to move up and then it will go down half, like if the market is up 10% then the market will correct 5% and then same way it will go up. So i think this correction is expected as market moved up 30% and it was knowing that short term traders will take profit. If this movement goes same then we can see next up market moving above 4500+. so dont be sad of market going down, always buy when market is down and sell when it is moving up.

kaya11

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SOL.BIOKRIPT.COM

Quote from: namqnvn9 on February 24, 2019, 10:56:11 AM

bitcoin continued to decline. the cow won . I lost $ 100 USD Angry

I was unable to place an order to withdraw it in less than 5 minutes -10 %

We are far away from being completely happy, you should've sold them wile you have the chance. But still if you are willing to hold more onto it there might be some green days to come, I hope it will just be a minor push back.

bitcoin31

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Im shocked yesterday when I saw the dumping market again almost $300 the value that decreased of the bitcoin. From $4100 to the $3700 plus and we don't know that happened in the short period of time that's I don't like happening in the market after waiting longtime the value of it decreased fast.

Bagaji

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Quote from: omonuyak on February 25, 2019, 05:13:26 PM

This is how we have see it yesterday and it was very surprised to me. Bitcoin lose around $300 in just an hour and it very difficult for people to take little profits from the pump we ensure of lately. I think we just need to be able to endure with this market in other to be able to make profits.

I don't think it will appropriate to refer to the recent increase in the market value of Bitcoin as pump as you right put it. I see it as a normal increase which could be attributed to some good news that has happened to Bitcoin in the couples of days/week back.

omonuyak

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This is how we have see it yesterday and it was very surprised to me. Bitcoin lose around $300 in just an hour and it very difficult for people to take little profits from the pump we ensure of lately. I think we just need to be able to endure with this market in other to be able to make profits.

Bagaji

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Quote from: The Sceptical Chymist on February 25, 2019, 01:41:28 PM

Quote from: bL4nkcode on February 24, 2019, 11:08:17 AM

Quote from: leonair on February 24, 2019, 10:54:22 AM

New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell Shocked

.

That doesn't apply in every increase, but if you think you can profit even a little and doesn't care if the price will still increase then that's win win strategy than holding IMO.

This is crypto market, that sudden decrease is not a new thing, it can even do in just 1 hour or so.

That's definitely not any sort of strategy for the future--the price just happened to behave like this and there's no guarantee it'll act the same in the future. I get the feeling OP is setting himself up to lose more money if he thinks his plan is going to work next time we see a slow gain over a few days, but who knows.

On a positive note, btc is back around $3800 right now, and I'm glad it didn't fall any further than it did. Could have been much worse.

A vivid look at the chat shows that there maybe further decline because, the support level was breaking except if something good will happen in the market that will make it gather momentum for an upward trend again. The worse could still happen bro.

ololajulo

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There is no price within these bull run recovering days that is not good, $4500 is even a good price, just that every trader into bitcoin should think long time maybe into 2021. Bull run does not mean the sideways wont happen it also give an Idea of how long and strong the market is, is a correcting process.

Bagaji

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Activity: 1330

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Quote from: leonair on February 24, 2019, 10:54:22 AM

I thought the slow price increase of Bitcoin is a sign of a Bull market but I was wronged, it happens so fast. I'm deciding to invest $1000 yesterday, thanks God I didn't. It seems spike increase nowadays are so scary as it follows a downfall afterwards.

New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell Shocked

.

Many who are in your type of deciding when the market start up always end up losing because that is not the best or rational strategy to take expecting profit. Now that the market is down is the best time to invest but many are afraid maybe the market will decline further which may not be so at the end.

BitHodler

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Quote from: exstasie on February 25, 2019, 02:11:26 PM

Interesting move here, and quite an ugly daily candle. I'm not really sure if this is a shakeout, or if that was a legit top. These types of double tops (with long consolidation in between) are rare, but not unheard of.

It was a rejection, nothing more nothing less. I was expecting it to happen before it happened, and it did. Admittedly, it was a large red candle on the daily chart, but it found support at the exact level of the first pump.

What I will be paying attention to is how the Ethereum fork plays out. Bitcoin will definitely mirror Ethereum's move based on what's going to happen there. I would say $4000 test best case scenario for Bitcoin, and $3500 test worst case.

sheenshane

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That small spike of price in crypto is not a new thing in crypto market cap, that's the reason why I didn't expect bullrun will come.
There's no good technical analysis on this because the market will go down or up motion in moving price.

Keep on holding guys and let's just hold our coin for the better future and to avoid panic selling to others.

hungafub

copper member

Activity: 364

Merit: 2

This drop is almost guaranteed to have only happened as quick as it did because the correction broke below 4k and hit peoples stop losses...it was to be expected so close to such a psychologically important price. Essentially, with where the price was people should have been waiting for the correction to bounce off of 4k before buying, or at least waiting for the price to get a healthy range away from 4k and retracing before entering.

exstasie

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Interesting move here, and quite an ugly daily candle. I'm not really sure if this is a shakeout, or if that was a legit top. These types of double tops (with long consolidation in between) are rare, but not unheard of.

I'm still betting on the rally continuing but I'm not married to the idea.

The Sceptical Chymist

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Quote from: bL4nkcode on February 24, 2019, 11:08:17 AM

Quote from: leonair on February 24, 2019, 10:54:22 AM

New strategy learned, ride the slow price increase and wait for the sudden price increase within a day then sell Shocked

.

That doesn't apply in every increase, but if you think you can profit even a little and doesn't care if the price will still increase then that's win win strategy than holding IMO.

This is crypto market, that sudden decrease is not a new thing, it can even do in just 1 hour or so.

That's definitely not any sort of strategy for the future--the price just happened to behave like this and there's no guarantee it'll act the same in the future. I get the feeling OP is setting himself up to lose more money if he thinks his plan is going to work next time we see a slow gain over a few days, but who knows.

On a positive note, btc is back around $3800 right now, and I'm glad it didn't fall any further than it did. Could have been much worse.

Caladonian

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Quote from: Gaff on February 25, 2019, 09:08:04 AM

Quote from: ReiMomo on February 24, 2019, 11:34:19 PM

A good lesson you learnt. You still no need to wait for a huge hike when you see a sudden spike occured. Just go ahead and sell them off even for a small profit as you will loose more if the price suddenly falls back to earth. Hence, set a minimum profit when ever you are in trading now as the market is such a situation you can not expect a huge profit.

Hodlers cannot be shaken with that sudden fall, because this was just an ultimate test and all your strong faith will be measured through that kind of scenario. If you're weak to handle that kind of situation you can't survive in the long run. Strong traders have long term patience and will not be discourage even though fluctuating market took more roller coaster rides.

Long holders also knew how to play with any market trends, they can buy and sell while holding much higher value of their tokens, anticipating rise and falls can be learned while also investing in the long process, the sway gives opportunities to investors who wanted to have both long and short positions.

As long as you have strong faith and you have lots of courage and patience, you'll not worried about thinks like this but to keep thinking positively.

Thanasis

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Keep watching the price may increase with the same rate of speed like how it dumped. Actually the price needs to get little dump as well before going for the next step which is the sign to invest for smart people,may I know how about you.

el kaka22

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The increase wasn't like in a week neither, look at how it increased there is a huge bump in the price increase as well, maybe it did a small amount of increase afterwards as well but it wasn't a total slowly increase neither, than of course just like how fast it increased it also decreased as well. So, it is unfair to call it a slow 5 days of green ended in 5 hours, its unreasonable and a big lie, the huge increase that happened in an hour was gone in an hour as well, whatever happened in between was just the small movements that had nothing to do with it.

Price of bitcoin will always be moody, it better be in everyone's mind and I hope everyone gets used to it but you will not see a bitcoin that resembles stablecoin, it will always have ups and downs no matter how sad it makes us while going down.

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