The worst news among all the bad ones was China banning the mining of cryptocurrencies because China without a doubt was the biggest source of bitcoin mining and with them being hampered
True. It really brings big impacts on market trends. After the banning issue was spreading, most crypto coin prices experienced huge drops immediately. I was quite surprised to see my balance values, it dropped about 50%. However, there is also a good thing behind the banning issue, many miners leave China. I am sure that China isn't the biggest country in crypto mining field anymore now. So, in the future, if there was bad news about crypto in China, we can expect no significant impacts on crypto prices in the market again.
Topic: What should we do in the sideways market of Bitcoin? - page 3. (Read 687 times)
And surely it will again go bull during the end of this year as well. It's quite hilarious that we all know it drops and rises all the time yet we are so fragile that we start doubting everything once the price goes down. Around Christmas, I am expecting the bull run to reach its peak levels but it might be earlier than that.
Due to limited supply of bitcoins, you could never expect sideways market of bitcoin; when bitcoin will hit mainstream of adoption, you can see heavy FOMO to happen.
Bitcoin sideways can also happen. The movement of bitcoin will slow down and be more stable when the dominance of bitcoin begins to decline. this is an opportunity for altcoins and other Defi tokens to make a price recovery. FOMO will probably happen, but hard FUD will happen too.Due to limited supply of bitcoins, you could never expect sideways market of bitcoin; when bitcoin will hit mainstream of adoption, you can see heavy FOMO to happen.
The sideway market becomes an opportunity for us to profit from several altcoins.
In my opinion the best strategy is to hodl and if possible accumulate more. Last year Bitcoin traded sideways for a preety long period and bull market started end of the year and went on for the first half of this year. Now correction is happening and it is right time to accumulate more and keep on holding the existing one.
And surely it will again go bull during the end of this year as well. It's quite hilarious that we all know it drops and rises all the time yet we are so fragile that we start doubting everything once the price goes down. Around Christmas, I am expecting the bull run to reach its peak levels but it might be earlier than that.Due to limited supply of bitcoins, you could never expect sideways market of bitcoin; when bitcoin will hit mainstream of adoption, you can see heavy FOMO to happen.
For sure that would leave out a regrettable feeling and this is just like into those previous years where people had been always expecting into those last quarter pumps which i cant really blame
off people on having that kind of presumptions or expectations since mostly this is really the time on where bitcoin do make out significant move but to think off that those are just chances.
Demand cant really be determined before it happens and it turns out that it is really happening mostly on last months of the year.
In my opinion the best strategy is to hodl and if possible accumulate more. Last year Bitcoin traded sideways for a preety long period and bull market started end of the year and went on for the first half of this year. Now correction is happening and it is right time to accumulate more and keep on holding the existing one.
And surely it will again go bull during the end of this year as well. It's quite hilarious that we all know it drops and rises all the time yet we are so fragile that we start doubting everything once the price goes down. Around Christmas, I am expecting the bull run to reach its peak levels but it might be earlier than that.Due to limited supply of bitcoins, you could never expect sideways market of bitcoin; when bitcoin will hit mainstream of adoption, you can see heavy FOMO to happen.
When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.
The worst news among all the bad ones was China banning the mining of cryptocurrencies because China without a doubt was the biggest source of bitcoin mining and with them being hampered, it causes some real problems now. Elon Musk we all know is volatile just like BTC so I don't take him too seriously because he may tweet something against BTC and the next minute he may tweet something in favor of it.Precisely! Musk already shown his identities and people learned about following him, while with that china's continues banning crypto mining farm that's really brings weight with this market.
We do see some good news about adoptions but it doesn't affect that much so during this sideways better to choose what strategy will bring you good fortune.
Both Short and long have tha opportunities it's a matter of proper executions that will give you the profits out from your investment.
I hate people selling at low prices because they are eventually contributing to the bear market by selling. Then I also feed bad for some because not everyone has a humongous capital and they cannot risk the market crashing even further. Not everyone has a backup plan or secondary job so they have to cut their losses as much as they can.
If you ask anyone who sold their coins for cheap, to honestly answer this: "Do you really feel BTC will never go up again?" they will almost all answer they believe it will go up, but because it might be their life savings, they cannot just risk it either. Some people are doing leverage and futures trading and hence they automatically lose when a big crash takes place.
The real sad thing part is that they are losing money by not holding as well and they are hurting others for now while hurting themselves in the long run. If we keep our bitcoins to ourselves and not sell any, that means we are going to profit eventually when it goes up, maybe it will happen later than we like but it will eventually happen one day, anyone ever doubts that bitcoin will be over 40k+ one day? We all know it will be, so all we have to do is hold it.If you ask anyone who sold their coins for cheap, to honestly answer this: "Do you really feel BTC will never go up again?" they will almost all answer they believe it will go up, but because it might be their life savings, they cannot just risk it either. Some people are doing leverage and futures trading and hence they automatically lose when a big crash takes place.
What the sellers however are doing is that they are losing money, the price goes down and it causes them to lose money and in short term hurt the market at the same time. I understand anyone who needs the money and sell because of that, but selling because you see it go down is not a good reason to get out of the market for sure, you need a lot more than that in order to survive in the long run.
Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
The market has been moving sideways for long now without any proper direction of where it possible move could be. The sideway movement is the current pendulum pattern of the market now which is somehow obvious to trade if one is skilled in trading ranging market.Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
To trade this pendulum patterns, the continuous analysis of the price chart will be of good importance, reading and interpreting chart patterns to correlate it with the be latest price movement.
If you doubt that the market will go better than before, you can take a rest for a while and leave the market because that will be a good solution for you. If you see that the market can move better from your analysis, you can prepare to buy or sell so you will not late to get the benefits.
When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.
The worst news among all the bad ones was China banning the mining of cryptocurrencies because China without a doubt was the biggest source of bitcoin mining and with them being hampered, it causes some real problems now. Elon Musk we all know is volatile just like BTC so I don't take him too seriously because he may tweet something against BTC and the next minute he may tweet something in favor of it. 
Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
Only if you are a trader I guess,,, or a guy with a lot of money. For most people doing regular DCA like me, we just keep buying as long as the time comes and we have spare cash. Does not matter the price.
Of course,,, the longer price stays low like this the happier I am as I get closer to my BTC value amount faster. So all good:)
When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.
Sideways trend are for those who actively monitor the market, especially the day trader since the market is very volatile and the price can change that easily. We should always focus on the strategy that you've set-up, we all have different activities during the sideways and personally, I prefer to hold than to trade and catch the market because it's too hard for me to deal with volatility everyday. 
Market is very unpredictable, you will just lose money if you sold your crypto at a low price because you think it will dump more in the next coming days.
Yes you are right because Bitcoin is dumping many are selling at low prices. They may think that bitcoin will be more dumping in front of it so they are now selling at a low price. They may not know that Bitcoin had been dumping in 2018 and it's okay again. Now maybe Bitcoin has been dumping and it's okay in the future if they sell it, they can get a good profit.
If you ask anyone who sold their coins for cheap, to honestly answer this: "Do you really feel BTC will never go up again?" they will almost all answer they believe it will go up, but because it might be their life savings, they cannot just risk it either. Some people are doing leverage and futures trading and hence they automatically lose when a big crash takes place.
Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
The market has been moving sideways for long now without any proper direction of where it possible move could be. The sideway movement is the current pendulum pattern of the market now which is somehow obvious to trade if one is skilled in trading ranging market.Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
To trade this pendulum patterns, the continuous analysis of the price chart will be of good importance, reading and interpreting chart patterns to correlate it with the be latest price movement.
When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.
Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.
Honestly, sideways market or doesnt have that much volatility is the time on where i dont like the most.Why? You would really be confused on where the market could possibly go.It doesnt always mean that if the market do make out sideways then next would be a pump? You shouldnt really think off this way because there would be always two possible
scenario could happen and this is where own analysis do sets in because if we do really mind off on making profits then positioning yourself would be your next move.
You can see indications and possibly path that it would be heading next but since this is crypto then any analysis could really be fucked up.
Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
Holding and stacking up some BTCs during the sideways market is the best long-term strategy for now. If you day trading in the sideways market, it’s gonna be much riskier than ever, especially if you position yourself in a wrong way. We just don’t know when will it go up or down as the market is very unpredictable right now.
Only linear logic. The total amount of Bitcoin remains unchanged,
1. Smart traders earn bitcoins in your hands in daily transactions.
2. I have to sell coins to improve my life,
3. The private key is lost,
4. The person leaved the world but did not leave any private key backup, etc.,
The emergence of these situations will cause the number of bitcoins hand to become less and less. Perhaps we are wrong to think that the number of bitcoins is 21 million unchanged, and that bitcoins will only become scarcer.
When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.
Sideways trend are for those who actively monitor the market, especially the day trader since the market is very volatile and the price can change that easily. We should always focus on the strategy that you've set-up, we all have different activities during the sideways and personally, I prefer to hold than to trade and catch the market because it's too hard for me to deal with volatility everyday. Accumulate is the best thing to do now if you can still afford to but I don't recommend going all-in as crypto market is very volatile. Seeing their previous highs will bring us quick profit once the market starts to rally again. We've been consolidating for many weeks now so this is a sign that whales are accumulating. I don't think we can go lower than $30k at this point as bulls are strongly defending that support. There is no point selling at this moment if you're at loss like you bought during bull season. Market is very unpredictable, you will just lose money if you sold your crypto at a low price because you think it will dump more in the next coming days.
Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.
True, now that the market is mostly trading sideways is a good time to keep accumulating once you have the funds to do so and I believe that this might also mean that the market must have already bottomed out since the last time we saw $29k+ and it is just steadily going sideways and we might also start to witness an uptrend in the coming months. Look it depends on peoples mind. What they want or how they want to Overcome there situation. I know you mention this sideways all because of to overcome from this loss situation. People can easily make a decent profit and live a tensedless life. All people are in tensed beause of huge loss. So though to share this. Which is a novel vertue. But my question is, is it will be truely working for us or not? Because sideways also a trading strategy right now. And the market is unpredictable now its aware me. Now can't understand anything. Thank you
As far as the current market is concerned, we are constantly tormenting us, and we are constantly washing down all the unsteady holders through shocks back and forth. Whether you are optimistic about Bitcoin, suppressing Bitcoin, or praising Bitcoin, as long as Bitcoin does not die, There is only one result-that is, the worldwide public awareness of Bitcoin continues to increase, and the global consensus continues to increase.
When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.
It is really hard to make a clear decision when the market behaving that way. Traded cautiously is only a thing it helps, we need to be careful otherwise, we lose a lot. That gives me a reason why I don't just trade Bitcoin this time, I'll choose altcoins in the meantime while Bitcoin is so tricky and finds it too hard to predict what will be its next move.
@OP,
If you were not able to make a clear decision, I suggest not to trade. Or, go for altcoins just like what I did.
@OP,
If you were not able to make a clear decision, I suggest not to trade. Or, go for altcoins just like what I did.
In my opinion the best strategy is to hodl and if possible accumulate more. Last year Bitcoin traded sideways for a preety long period and bull market started end of the year and went on for the first half of this year. Now correction is happening and it is right time to accumulate more and keep on holding the existing one.
Well, that is a good opinion, and traded sideways will perhaps very risky to other because you don't know the exact time of executing the buy and sell. But the sideways trend is very common on bitcoin price, just like what happened right now that bitcoin was struggling on the range price of $32-36k because of this up and down movement of bitcoin price. If the market is in a sideways position, I suggest to stop for a while trading in the market, --instead, just accumulate more and hold your portfolio safe. Sometimes it is good to spend our bitcoin but yet, I always good to store the value of bitcoin. legendary
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It can go two ways, the first is quite riskier as the market can leave you behind at any moment and you can lose all as well make some decent profits especially if your predictions are right. Those that have been trading Bitcoin during the weekends, in the last couple of weeks hasv already made a decent amount of profits as from the charts excluding this last weekend, Bitcoin has always dropped in value.
Now if you don't have experience in trading and also haven't perfect the skills then Dollar coat averaging is another way to go about the market. In simple terms it requires you buying in batches and holding instead of going in at ones. This strategy gives rooms for opportunity of buying more incase there's a decline in price after you have already bought some.
Both strategy can be used effectively and you'll come out profitable in the market. While accumulating and holding is more advice is because it's the easiest of them all and more secure in regards to profiting although you have to be patience for the market to recover.
Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.
Honestly, sideways market or doesnt have that much volatility is the time on where i dont like the most.Why? You would really be confused on where the market could possibly go.It doesnt always mean that if the market do make out sideways then next would be a pump? You shouldnt really think off this way because there would be always two possible
scenario could happen and this is where own analysis do sets in because if we do really mind off on making profits then positioning yourself would be your next move.
You can see indications and possibly path that it would be heading next but since this is crypto then any analysis could really be fucked up.
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