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Topic: What's going up, will going down later - page 2. (Read 243 times)

sr. member
Activity: 812
Merit: 253
No I don't think everything that goes up must comes down. Well maybe at a very short period of time but it will recover and soon goes back up again before you know it.
hero member
Activity: 1806
Merit: 672
I simply don't believe in this kind of principle, this is the belief system of people with the lines of this "Oh BTC is 9,500$ but it will still go down to 6,000$" this people believing something will later go down do not really have a plan as they are just sometimes hoping or something to fall, that even if it falls to the price they want because of its low price they are afraid that it might still fall. Also look at prices of stocks of company even though they are going down, the price of the stock is always a reflection of the company's performance.  And hoping that company will go down when it is performing well is simply stupid and a waste of time. Now believing that BTC will down to an unbelievable price is being like that stupid guy.
full member
Activity: 406
Merit: 101
Decentralized Digital Billboards
Let's talk about this "principle" Smiley

DO you think this is an always-right rule?

How do you trade ?
That is the right rule for market conditions, we can not expect the price will always go up because:
  • If the price always goes up then that means the early sellers will incur losses because they have to buy at a higher price if they want to buy back
  • If the price always goes down then nobody wants to buy because it is tantamount to suicide
sr. member
Activity: 532
Merit: 250
It is going up and down so that we can trade there always happen. But when it is going up at which price you will sell and buy when it is going down makes you good trader or not.
legendary
Activity: 3108
Merit: 1029
Let's talk about this "principle" Smiley

DO you think this is an always-right rule?

How do you trade ?
Looks like you are feeling the same like me if the market is predictable right now. But this latest downtrend is really unpredictable.
Yes, i think. It won't increase forever and there will be a pit stop before it will reach another value again. Downtrend just like a rule, something was going up and it will be going down too.
Just try to sell some amounts when it reaches the top and then buy again when it goes to the bottom and i have doubled my CRPT from $70k to the $210k  Roll Eyes
full member
Activity: 305
Merit: 106
Bored....
Let's talk about this "principle" Smiley

DO you think this is an always-right rule?

How do you trade ?
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