Topic: Time to buy or sell? - page 6. (Read 1328 times)

The market is fulled of high volatility and one can either be in profits or loss within. Top influencers in the market brings about legit information about the project that will pump but their signals are not 100% accurate. I've been practically patience in the past few months inother to hold down my positions for the bull moment of bitcoin and altcoins. Buying and holding is a repeated trading strategies that circulated round the space for traders. Buying during the bear season is actually one of the good profits one could easily make in the bull season. Dipping coins triggered good entries on the market with more confidence boosted for trading positions.

The graph shown in op is a common graph made by some traders.  But these simple graphs are not very useful now.  Because the analysis is much better now.  And big traders now trade with their own strategies.  So putting full faith on these graphs and investing without doing any research or selling any crypto may be a big mistake.  So ignore this chart or get some general knowledge from this group and then take any decision according to your own research.

Buying is actually a good move though we really have to go through different levels of emotions and deeper patience to wait since we have no idea when the bullish season would start. Just buy, hold patiently, and wait until Bitcoin reaches its best price. I don't think waiting for the dip before buying will be a good move because we got no idea when another dip would happen. Just grab the chance to buy now which is also a good start to hold.

Even without looking at the RBS but just considering the cycle of the market, we can say that investing in Bitcoin this time is good. Though we can't say it was a perfect time cause we never know exactly. As we can see, we are still far from the bull season, taking the current price seems like an opportunity while it was still cheap. We don't need to wait for another dump for the sake of buying low as we never know what really happens next.

Technically, The trend is beginning to change direction since the beginning of January 2023 and Bitcoin has so far made about 40% recovery from its last dip. Has also breaked some key resistance level and turning those resistance levels into support (RBS), Technically which is healthy for our entire crypto market. From my perspective I'm more bullish on Bitcoin than bearish, looking at some fundamental factors and Technical indicators. I do think that starting to Buying Bitcoin right now makes a whole lot of sense as a future investment.

OP shows a picture of a chart pattern with which strategy to take maybe buy or maybe sell it, but I think this is more appropriate for short-term trading than suggesting bitcoin investment so with this pattern there are several conclusions which each individual must be able to sort out The graphic pattern is in accordance with my own research, but the pictures show several forecasted patterns on the market.

So far, if it's with a concept like that, then selling is not a problem because in essence, this is a trade that is done, maybe I take a 10% profit or a pattern going up and above it shows selling if in that way but if for the long term then it's not right to sell but you have to add more bitcoin than now.

Since the op is trying to use some strategy for market analysis and forecasting, I don't think the op needs urgent money that might require him to sell bitcoins or other cryptocurrencies. op wants to know if you should sell or buy cryptocurrencies in this market situation so I personally think that now is not the time to sell cryptocurrencies or bitcoins now is the time to buy more if necessary and try to hold for a long time. Because cryptocurrency is expected to do a lot better in the coming days

Time to buy or sell? Everything depends on you and your necessity. If you have invested in Bitcoins, then I am damn sure that, you know the worth of the coins. Currently if you see the price, then Bitcoins are 1/3rd of it’s value. So if you ask me, then I would suggest you to buy as many Bitcoins as you can in this price segment. But now if you are someone who need urgent money, and don’t have any options rather than Bitcoins. Then unfortunately you have to sell it, to fulfil your needs or requirements. I made you understand about the situations. Now it’s your call OP.

it aint just about following other folks' signals or opinions when it coms to trading. You gotta have a solid grasp of technical analysis to make informed decisions that lead to fat stacks and a deeper understanding of the market. But yo, dont forget to bring some humor and creativity to the table too. 'Cause let's be real, crazzy stuff happens sometimess and you gotta be able to adapt and find creative solutions. I remember this one time when my internet went down and I missed a huge market move. But instead of throwing a fit, I printed out a chart and started sketching with a pencil to track the market. It may have looked goofy, but it kept me in the game during a tough spot. The key is to always stay ready for the unexpected and think outside the box while keeping your technical analysis game tight.

Just the sentence of "you haven't lost until you exit it to fiat" is beyond the understanding of many people. I don't get it, why is it so hard for them to understand this, it should be an easy thing to see and it is definitely easy enough to see how it works out in the end, but if people are not entirely sure about it, and they do not get it, and panic sell whenever price moves, then I would say that it is not going to be that much of a help to explain to them neither, they should have understood it a lot early on.

I am responsible for myself and I understand it which is all I need, and I am always emphasizing the importance of keep buying and holding for long time, but not sure how many people do find the real meaning and get benefits.

That's what short-term traders do because if they can get a low price and sell at a higher price many times, their profit will grow even more. We have seen how the market moves and it provides evidence that when the price goes down, it is not always followed by another decline but sometimes the price can bounce back to a higher price. And if we can buy at that low price, we have the opportunity to sell at a high price.

And as long as we don't panic about circumstances or changes in the market, we can adapt well and instead use every opportunity in the market for our benefit. And if we can't see the high price after we buy, we don't need to panic and just keep waiting because the price will return to the high price.

Agree with you. 1 BTC = 1 BTC. But the problem is that people easily panic when they see the price of bitcoin dropping as much as it did a while ago and think that the decline will continue. It will not be what they imagine because often, the price can bounce back to a high price and even continue to increase to a certain price level. And it happens repeatedly, and they can use it to trade short term if they want to analyze further. And bitcoin now, which is still far from the last ATH, still needs time to increase in price and we can use that to buy more bitcoins.

Better not to become dependent on the signals of other people try to make your own understanding regarding with the knowledge of technical analysis so you can have an idea what are the things you really need to consider when making a trade and not just plotting with the support and resistance having a knowledge may lines you up for the possible profit if you can't still under stand how does the trading works so you can make your self question if this position and trend is good to buy or sell.

They can just predict what might happen next but it was too different when it comes to reality, that really be joking. Because no matter how long we spend on the market, check and monitor the price trend but won't guarantee that we can exactly predict what gonna happen next. Well, that 90% right is certainly wrong but 50% can possibly be right. We have 50/50 chances, whether we are right or wrong.
It is not necessary to know when exactly to buy and to sell, something we need our instinct help to decide.

And they are still statistically right or mistaken. I never see any trader who can predict market moves even close to 90%, most have prediction accuracy much lower. We all know that some of trade foretellers are jokingly called as counter-indicators as their predictions are more often wrong. If anyone knows market good enough we'll hardly know about that because such person will try to protect his privacy as it only possible.

Since we don't know the direction of the market, it is more advisable for us to buy when price goes down giving us opportunity for us to buy below normal price. There are some traders that are very good at analysing the market and knowing the next move the market may want to go. It is good to understand the market because even deciding to trade because this will help us to what the market is up to and the necessity of going into trading. We need to establish interest in buying when the market is down and selling when the market price goes up.

Yes, it is never found to be consistent all the time and changes may come as always. I used to check the market sentiment and do analysis hourly or daily but there is one thing I've found, the volatility of the market still working and could sometime fail our analysis. Even though we spend a lot of time in the market doing this but still can't pinpoint where we are going by tomorrow or in a couple of days. That is why we should never expect quick returns from investing in crypto. 

At this time of the market, it is not possible to say which direction the market will actually go. Because if you observe the four-hour candle, it is understood that if the market is up in the first four hours, the market is down again in the next 4 hours. Candles rise within a certain range. However, I have seen before that the candles rise and suddenly there is a big change in the market. Maybe the market has not gone up much from such a stage, maybe it has gone down a lot.  But if the Bitcoin market changes a bit then it will be seen that other ALT coins in the market will change. So at this time it is not certain whether you will sell your coins or buy new ones.

It is a known problem based on poor economy education. How many forum users do understand concept of 1BTC=1BTC in any sense? I guess it could be so that a majority thinks that it is a fun meme while this idea in one of senses shows that you haven't lost until you exited into fiat. And it is about investing, you should be prepared to wait long enough and chose assets to invest wisely. So now bitcoin is far from it's ATH and previous peak so it is a good idea for investing. But trading rules are not like that: you need working capital all the time so sometimes you need to close the loss even in a prospective asset to have an opportunity to trade here and now.

Short term dealing up with volatility on this unpredictable market is really indeed complex and does really need sufficient experience for you to be able to sustain and survive and this doesnt suit out anyone and it would
really be that hard.Time to buy or sell would be always targeting into those huge corrections or dumps that do happen on the market.For larger movements then swing up trading would  be the best approach
but for those who do make out some scalping but for those who are really going for long term holds then this wont really be that much in concern since they could hold up anytime.
Selling decision would be according into your target point or goal and each one of us does really have different point.

It's nice that you've divided your portfolio for it. Other investors forget that they also need to take some profits and take the opportunity when there is one any moment from now. Yes, we do have different targets and when we want to sell.

And that's why it's needed for someone to look for it because no one will say if it's the right time to buy and sell and only you can determine it.

Not just analysis but also the preferred price when they're going to sell. That's giving the target and goal that they want to achieve whether they're long term holders or short term folks.