there are two most important points, perhaps this is the golden rule, not in terms of prequel, but controlling yourself from greed and patience. When you lose you have to be patient to hold it, or have to lose but you can take advantage of that moment, or you have to learn not to be greedy if the target is reached never to change the target, or you will regret it. this is my own experience.
That greed and patience will be the things that are very important to us that need to be controlled to help us prevent the loss and make a profit. Greed will become bigger if we do not sell the coin at the right time, and I guess that many traders have that experience. Patience is something that we must have in any situation, especially if we see the bearish trend is coming to wait for a while and still analyze knowing what we should do. If we lose control of greed and patience, we will not take too long to lose our money. 
Topic: What are all the golden rules of bitcoin predicting? (Read 367 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
there are two most important points, perhaps this is the golden rule, not in terms of prequel, but controlling yourself from greed and patience. When you lose you have to be patient to hold it, or have to lose but you can take advantage of that moment, or you have to learn not to be greedy if the target is reached never to change the target, or you will regret it. this is my own experience.
that must be the new golden rule because we are now in the era of hypes but before , the golden rule for investing cryptos is buy low sell high .
other golden rules are > not your keys not your coins , hodl , buy the dip . theres many more but this are only the ones i know .
if you invest late on hype coins , you can sell at a loss to prevent more losses .
other golden rules are > not your keys not your coins , hodl , buy the dip . theres many more but this are only the ones i know .
Quote
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
hodling is one of the golden rules but it can apply to the main coins only and not on the hype coins . if you invest late on hype coins , you can sell at a loss to prevent more losses .
There is no such existing rule when it comes to Bitcoin prediction for those people are only stating their in sights and what they think of how they can be able to make deal with the Bitcoin market. Also, no one could actually predict what will happen or how things will turn out with regards to Bitcoin since it is highly volatile. Golden rules are only created by people for their own personal use or to influence other people to get into the same path like they do. It is up to you if you will follow it or make your own rules to follow.
I agree and the China news now show that your predictions are just worth nothing because you can't predict when and if the Chinese government decides to crack down on people who are involved with cryptocurrencies. Where are the technical analysis gurus now? Did they predict this? They couldn't as their TA doesn't contain any information that is politically related. Since Bitcoin obviously is highly political, I don't pay any attention to models that can't reflect exactly the issues that have a major impact on Bitcoin's price.
There is no such existing rule when it comes to Bitcoin prediction for those people are only stating their in sights and what they think of how they can be able to make deal with the Bitcoin market. Also, no one could actually predict what will happen or how things will turn out with regards to Bitcoin since it is highly volatile. Golden rules are only created by people for their own personal use or to influence other people to get into the same path like they do. It is up to you if you will follow it or make your own rules to follow.
One thing I know is never sell at a loss?
Everyone doesn't want to lose. in crypto I think you have to believe in yourself without following other people's understanding / predictions of others, and the most important thing is to buy bitcoin when the price is down, not at the top, that's the main thing that must be applied and one more use your free money not your wife's money
No, it can certainly make sense to listen to other peoples' opinions. These opinions might even complement yours or open a different perspective or angle of consideration. As long as you use inputs from others as a tool to improve your own information processing, it is fine. If you skip the step to put in your own effort, you might fall for someone who did the same and tells you stuff that is not grounded and proper due diligence but pure speculation and the hope to turn you into another buyer in order to push the price up further.
One thing I know is never sell at a loss?
Everyone doesn't want to lose. in crypto I think you have to believe in yourself without following other people's understanding / predictions of others, and the most important thing is to buy bitcoin when the price is down, not at the top, that's the main thing that must be applied and one more use your free money not your wife's money
So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
It's very straight forward. if you can learn how to predict (or anticipate) human behavior then you can most likely predict price action (directionally). The market is made of human participants (and bots that are trained to react to market structure which is preceded by human action). Learn human behavior and you will have an edge on the market. That's why they say the best traders are usually psychologists.
So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.
even if you had watched this earlier yet you will never buy because he is not a legit person tobelieve in and you just give Him sympathy because his prediction becomes true.Quote
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Quote
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
Because it is your learning and understanding that will make you gain and not other people telling you. hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I only buy low and sell high. Buy the hype and sell the news seems easy to do, but you can not expect that will always work, especially if people see that the news does not impact the market.
Maybe you can cut the loss of your coin and buy at the dips to prevent the big loss if you still hold the coin. But no matter what your decision is, you should analyze it before the act.
Maybe you can cut the loss of your coin and buy at the dips to prevent the big loss if you still hold the coin. But no matter what your decision is, you should analyze it before the act.
No one in the world should dare to say that they have mastered the golden rules of Bitcoin investment. Perhaps the rich and giant whales can affect the price of Bitcoin, but they cannot predict when Bitcoin will rise sharply. Everyone has their own standards. By law, it is impossible to predict completely accurately. It can only be said that you are absolutely optimistic about buying Bitcoin as a long-term investment method.
"Buy the hype, sell the news"
Buy the rumor, sell the news. That saying reminds you to buy rumor that can create price dip and sell with the news when price would rise with good news.If you buy the hype, you will be stucked at all time high or temporary peak, you will be challenged by later dips. If you shake out, you will cut loss and end with loss.
Nobody can predict the market. If you know any investor say, I can predict the market and believe me, my prediction is 100% correct. The best thing to do for you is don't listen to that person.
What do you do if I now tell you that Amazon integrates Bitcoin and makes it the only payment option on the platform? Are you going to buy Bitcoin because it is a rumor? Or are you first going to confirm the rumor, thereby removing the characteristic of being a rumor from the rumor. When do I know what a rumor is without destroying the buy-the-rumor effect because then it can't be a rumor anymore when it's fact?
So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
So how much the so called youtuber who can predict the market has gained with these "golden rules". According to me you can speculate the prices for any coin based on technical and fundamental analysis but exact prediction is not possible.The rules varies from trader to trader like for some best strategy is to invest "when there is blood on streets" which means invest when charts are red if you have hodl btc.Many have faced looses in search for perfect time to sell or buy because if there was any rule then all will have profits.But one thing is sure invest timely. One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
there are no special rules in my opinion, we all get it ourselves, both profit and loss but the most important thing is not to invest more than what you have. invest from the excess or unused money you have. so we can wait for the right moment to sell it in order to take profit.
The main key is to keep holding, i prefer not to think about cut loss, it's better that i hold it for long and wait for the time rather than experiencing loss. Other than that, i think another important rule is not to be influenced by the news and do panic selling. Panic selling is one of the reason why bitcoin can be destroyed, we don't want the thing happened in 2017 to happen again right? So people should be a lot wiser now and think thoroughly before they decided to do anything. Investing in bitcoin is pretty simple actually just keep believing and hodl, you might gain lots of profit from there.
So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
I don't think there's such thing as a golden rule in making predictions. Remember that you are predicting what may occur in the future which means you are only speculating through observations on factors such as price movement and the current influence of the coin. You can get it right in predicting through getting other people's opinion wherein it would be best if you would follow the prediction of the majority. It is just right that you should buy the hype and sell the news because through that you can ensure that the probability of it occuring will take place in the future. One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
Well interesting this sentence "buy the rumours, sell the news". But remember this type of strategy use experts now you might be think if this strategy is for experts then now i know about this strategy so am i experts? Well, its quite yes. But those aren't only experts who can only make profit those are also experts who are ready to face any kind of lose situation. Because they understand its also a strategy for bitcoin. So they take chance about that sentence if it works they are in profit but if it won't work they are in lose. Though they are able so they can easily recover it but beginners can't. So according to me bitcoin is rules less. You just make your own rules be your own rules maker. Thank you
I'm not sure about "not selling losses" because as long as we trade we've certainly done that, because that's the usual thing, to minimize losses. Now the golden rule in my opinion is with the prequel to the EMA21, this was once explained in youtube crypto savage. You can check it.
If you as ask I would say since the market of crypto and bitcoin is too young and it can be effected by the news hugely, there will be a bit harder to predict and the price of bitcoin comparing gold and other assets. I would say as history showed us, if someone is going to invest for long term and needs to predict the price he would be better to forgot the news and tweets by famous people because they will try to take advantage for themselves in first place. So the golden ruse can be to aim for high and forget the tweets.
I think it is impossible for Bitcoin to predict accurately. There is no golden rule. It is better to believe in yourself than to believe in other people’s predictions, because this time it was completely sudden and was affected by external factors. I want to fully judge whether it is rising or falling. It is unrealistic, so I suggest that you hold Bitcoin is the best, because from the general trend, it has been rising, and it is effective as a long-term store of value.
It's possible that is why there are YouTubers who predicted the crash on the night of SNL, it's just not a very accurate price, however. But there's are other rules to follow when predicting Bitcoin and one of them is that sell your coins whenever it hits the ATH or prepares to lose your profit when you hold your dear coins in bear season. Sell because time to gain is when you sell.
Jump to: