Traders, y'all buying, selling or on the fence?

LUCKMCFLY

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I think that the way out of all this has to do with the way in which the market is attacked, each trader has his way of seeing the market and for each trader his way of thinking is correct, in this case the short-term market has gained 4.41%, which is excellent:

Quote

On the daily chart, Bitcoin (BTC) can keep rising as bulls have seized the initiative in the short-term case. The closest level at which sellers may return to the game is the vital mark of $40,000, as the buying volume is not enough for a long-term bull run.

Source: https://u.today/btc-bnb-xlm-and-yfi-price-analysis-for-june-2

I think the best for now is to stay in Hodl mode, if BTC continues to rise I think many will have huge profits, at least if it reaches $50k it is already a lot that investors will soon put in more money.

sana54210

legendary

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Quote from: 9thsky on May 20, 2021, 08:14:52 PM

Recent events needs nerves of titanium! Good time to sell? Good time to buy? Wait and see...?? Where are you in this equation, and why?

Right now I am on the buyer side of things but not buying as of right now, I bought, it's done and now I am on the waiting side. I do not understand why people are worried about a potential bear run, what did you expected to happen when it was on a bull run? Keep going on a bull run forever without ever going down? Obviously after a bull run there is a bear run because price can't keep going up forever and that will ruin all your "profits" at that point but if you keep buying at lower level once again and can wait for years eventually you are going to have another 10x one day, just focus on where you can buy.

I didn't buy for the past 36 hours or so, probably longer than that as well, I am just very happy that it reaches 30k and hopefully even lower because that means that we can buy at those prices and make a 10x easier, when you buy at 20k and it is 200k it is 10x profit but when it is 60k, you need 600k for 10x that is 3x more for the same profit.

dunfida

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Quote from: Wexnident on May 23, 2021, 05:13:29 AM

Wait and see is probably the best bet. The recent decline just started, after all, trying to take a position quickly may make you get some unnecessary losses when you could've planned it out much better. Definitely not the time to enter and expect Bitcoin going up, but if they really want to, they can try spreading out their investment times to different periods, just so that you won't lose everything by entering now or entering later. Profit is smaller, but hey, that's the price for it.

Wait and see is a line for those who arent really sure about their capacities and capabilities towards trading or investment where you do wait when the market would have risen up already?

When it comes to times like these then you would need to make some action but there are instances on where patience would be tested out.

Honestly this is the best time on buying coins while its still on sale but of course purchase with your own risk.

michellee

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Quote from: 9thsky on May 20, 2021, 08:14:52 PM

Recent events needs nerves of titanium! Good time to sell? Good time to buy? Wait and see...?? Where are you in this equation, and why?

*Note: Question is to traders, not HODLers.

This time will be the best time to buy, although you need to analyze more to find if it's good for your or waits for more. That is what the investors do if they see the lower price. But the traders will not just buy and hold but they will try to search for the time to sell the coins at a high price. But you can just wait and see what will happen to the market so you can decide later. But before you do something, make sure you research to know the real situation in the market so you do not make a wrong decision.

Wexnident

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Wait and see is probably the best bet. The recent decline just started, after all, trying to take a position quickly may make you get some unnecessary losses when you could've planned it out much better. Definitely not the time to enter and expect Bitcoin going up, but if they really want to, they can try spreading out their investment times to different periods, just so that you won't lose everything by entering now or entering later. Profit is smaller, but hey, that's the price for it.

magneto

hero member

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Unloading leverage but still keeping my positions open.

It's clear that we're no longer in the prime of the bull market, which poses a significant amount of downside risk in terms of the potential for flash crashes and whatnot due to excessive volatility. That makes the case for reducing any leverage on longs (or even shorts) that you have.

But I am a firm believer in BTC in the long run, and I think that Musk will change his tune very soon. Hence keeping longs open.

pooya87

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Quote from: adaseb on May 22, 2021, 10:33:47 PM

Right now is neither the time to buy or sell. Need to see what will happen in the next few days. There is a good chance we might break $30K and head to the $20-25K area, if we go there then that is the place to buy, not here. If you want to buy here then buy some but not all. I am pretty sure the market is thin on capial because everybody bought in the $50K area and everyone is out of money.

If you want to buy, then wait for confirmation first, wait until $42K breaks and heads to like $45K and buy on some pullback then. This way there is a good chance that $30K was indeed the low and you will pay a little higher but at least you won't be sitting at a loss. Currently we don't know where the market will take us.

The problem with this type of strategy (of waiting to see what happens) is that it also is risky because as much as it is possible to see a drop, there is also a chance of seeing a rise. For example you could wake up tomorrow to see price is $50k+ again which means you have lost the chance to buy bitcoin at a discount.

This is why I always suggest spreading out your buy orders. Unless you plan on buying with a very small amount of money like $20, you should place multiple buy orders and buy at different prices. That way you reduce the risk you are taking so if suddenly price rises back up you've already bought some coins or if it drops more you still have more fiat to make more purchases.

P.S. everyone is not out of money, all the millions of dollars worth of bitcoin that were sold in the past days is fiat standing on the side line waiting to come back in!

adaseb

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Right now is neither the time to buy or sell. Need to see what will happen in the next few days. There is a good chance we might break $30K and head to the $20-25K area, if we go there then that is the place to buy, not here. If you want to buy here then buy some but not all. I am pretty sure the market is thin on capial because everybody bought in the $50K area and everyone is out of money.

If you want to buy, then wait for confirmation first, wait until $42K breaks and heads to like $45K and buy on some pullback then. This way there is a good chance that $30K was indeed the low and you will pay a little higher but at least you won't be sitting at a loss. Currently we don't know where the market will take us.

MusaMohamed

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Quote from: STT on May 22, 2021, 09:31:40 AM

Watch it to break this trend and we can talk. Really any turn around a larger move requires a multi stage effort like a rocket launch its not just one thing in reality. It can definitely turn around as dollar is so poor and I see all of this as a pullback or profit taking area. 40k is 200 day but I think I said last month that 30k to 20k area would be the buffers and where I would seriously consider a no sell turn around area, however I need to reconsider my reasoning; mostly I defer to my prior negative outlook scenario during positive pricing because I overly react to near term like most people.

The big thing many might be missing is the low on this chart the 30k area is the 200 day average for wall street type traders, reason being they close shop Friday and open Monday. They have less days involved with crypto and so a different perspective and numbers for the averages.

$29k is the price must be hold for bitcoin. I don't say anything bad for bitcoin long term, I am bullish but it is a important price in TA. If it is broken, bots will be triggered and panic sells will appear again.

I don't know what whales are playing and why that price was not broken last week. Likely whales did not want it to be break in this bull run or they only did not want it to be broken in the past week.

Next one month is important for the process of death cross. If the death cross appears, another bad time for market will be seen.

STT

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Watch it to break this trend and we can talk. Really any turn around a larger move requires a multi stage effort like a rocket launch its not just one thing in reality. It can definitely turn around as dollar is so poor and I see all of this as a pullback or profit taking area. 40k is 200 day but I think I said last month that 30k to 20k area would be the buffers and where I would seriously consider a no sell turn around area, however I need to reconsider my reasoning; mostly I defer to my prior negative outlook scenario during positive pricing because I overly react to near term like most people.

The big thing many might be missing is the low on this chart the 30k area is the 200 day average for wall street type traders, reason being they close shop Friday and open Monday. They have less days involved with crypto and so a different perspective and numbers for the averages.

crwth

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I think that's why the term diamond hands come into play. There's always going to be different types of people

HODLers
Traders
Lurkers

I'm currently at the trader's section and HODLers because I have a portion of my portfolio for holding and another for trading. So I'm a speculator and just your Bitcoin HODLer. And I'm always going to buy continuously, no matter what because I believe in the asset.

I'm trading because I want to speculate what happens with an asset's price and doing it automatically with Gunbot.

GreatArkansas

legendary

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If you are asking for traders.
Traders will buy or sell based on the chart, so technical analysis is a must.

Every trader got also different techniques or tools or analyses that are using to trade. So that's me now, I am still not any positions without breakout, these price levels currently is very difficult to trade, I am afraid to stop loss hunted.

Ararbermas

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Quote from: 9thsky on May 20, 2021, 08:14:52 PM

*Note: Question is to traders, not HODLers.

if you don't have choice and stuck up as well because of the some factors, for sure you will become hodler especially when it fell like a rock. Wherein waiting for the recovery is your option until it goes back to the resistance or more..

Actually there's no big difference when it comes trader and hodler because for your information most of the traders nowadays were used to trade for long term because it always give a massive profits than short term, so they are a hodler as well.

pooya87

legendary

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When price is already down by a lot, it is never a good time to sell, so although you could still sell when seeing more drop you would be taking a much bigger risk. You just have to understand that risk and manage it better, like by having a plan when price didn't go any lower than the price you sold at and instead went back up instead of having no plan and panicking.

Buying when price is already down by a lot is a good idea if you are an investor who want to buy bitcoin and store it for long term not just for day trading. For traders on the other hand, when there are illogical drops due to panic sells and market manipulations it is not a good idea to buy or do any trades in situations like this because the market is the most unpredictable at those times. However the big swings can also give a good profit but at a higher risk.

So the answer is not doing one thing for everyone because which one you choose depends on your strategies and on how much risk you are willing to take.

ethereumhunter

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Quote from: Kong Hey Pakboy on May 21, 2021, 10:33:24 PM

Quote from: ethereumhunter on May 21, 2021, 04:24:19 AM

The time to buy the coin is already passed. And now it is the time to sell and wait for another time to buy back. That is what the traders did in the market and they will search for the time to buy and sell. But they can wait for a while to see the chance to enter the market and if they can not found that time, they will not force to enter the market. They will act based on the market situations and not because of the other people suggestion because the wise trader will try to research before the act.

The problem is that it might take a long time before we see a price worth buying back so that would be really difficult to do. You might be able to do all the research in the world but traders also have to be patient regarding this because as I said, the best time to buy sometimes takes a long time to arrive.

Patience will give a big reward to all traders who can calm down with the current situations that happen in the market. As long as you can research and analyze the market before you do something, you can minimize the risk of loss in trading. We need to have that patience and wait for a while because the market will be like this. I am sure the situation will be back to a better situation.

Kong Hey Pakboy

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Quote from: ethereumhunter on May 21, 2021, 04:24:19 AM

The time to buy the coin is already passed. And now it is the time to sell and wait for another time to buy back. That is what the traders did in the market and they will search for the time to buy and sell. But they can wait for a while to see the chance to enter the market and if they can not found that time, they will not force to enter the market. They will act based on the market situations and not because of the other people suggestion because the wise trader will try to research before the act.

The problem is that it might take a long time before we see a price worth buying back so that would be really difficult to do. You might be able to do all the research in the world but traders also have to be patient regarding this because as I said, the best time to buy sometimes takes a long time to arrive.

xSkylarx

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I'm buying now some altcoins that has a big potential to double on the next bull run with their current price now like UNFI, CHZ, ENJ. Those coins increase a lot from the previous rally so I think they have a big potential to make a new ATH in the next few months, they are also active in improving their cryptocurrency's use case which is good for long term. With the current state of the crypto market, it won't make sense if you will just panic sell because of fuds spreading lately.

MusaMohamed

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The market now has different types of traders.

Traders lost their lives because of margin, leverage and liquidations. They are regret, suicide or give up, abandon crypto market. No capital left to join again.

Traders who get temp loses and panic sell. Now the market gives them hope to come back and they become greed again.

Traders who accept their loses and spend time to learn from their loses and figure out ways to fix. They spend few weeks to think of themselves before actually join the market again.

Traders who are wise and enjoy the active time of market.

ethereumhunter

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The time to buy the coin is already passed. And now it is the time to sell and wait for another time to buy back. That is what the traders did in the market and they will search for the time to buy and sell. But they can wait for a while to see the chance to enter the market and if they can not found that time, they will not force to enter the market. They will act based on the market situations and not because of the other people suggestion because the wise trader will try to research before the act.

maxreish

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Depends on what type trader you are, if you are a daily trader, since the price movements are unpredictable. I always rely on different tools like technical analysis , fundamental and of course with how those trading volume reacts at the moment.

The btc price dumps so much that you have to read carefully the indicators you are using before having an entry whether to sell it or have a buy positions.

Lorence.xD

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If this is for traders then you should probably move it to Trading Discussion board because Bitcoin discussion is for general discussion. I do trade but I am still on the fence right now because I don't have enough money to buy but time will come when I get the money and I would probably put it all in.

TheUltraElite

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So anyway, I applied as a merit source :)

Let the dust settle.

The price dropped to 39k and then rose back to 40k USD yesterday and today it is back to 39k USD. This means that there is both buying and selling pressures and this 40k level may end up as a future resistance level. With the two concurrent negative news, we will see a gradual dump in price and some uptrends in between. Hence my current move is to wait it out.

We dont know how the weak hands might respond and they may end up crashing it even further forgetting the fact that institutional money was the first reason why bitcoin crossed 10k USD a few months back this year.

Now that the inorganic pump has been neutralized or close to being removed, the real price levels are coming back and there might be buying opportunities in future at 30k or even lower levels. That would be the time to buy.

If you have not sold already, hold it for now too. Either way my first line should answer the situation aptly.

9thsky

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Recent events needs nerves of titanium! Good time to sell? Good time to buy? Wait and see...?? Where are you in this equation, and why?

*Note: Question is to traders, not HODLers.

Topic: Traders, y'all buying, selling or on the fence? (Read 310 times)