Why complain about the dump when the market warned you???? - page 5.

KaliLinux

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Quote from: memyselfandi on May 19, 2021, 05:47:04 PM

Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.

Well said. Those people you saw are the people who just recently involved in crypto space and after gaining some profits with the scattered sh*tcoin in the market, they think that they can do it with other coins and feel that they are really into the trading and know it all.

Even as nice as that might sound, do you believe only the people that are recently involved in crypto space and have made profits from trading shitcoins have the strength to bring the entire cryptocurrency market down the way it went this past few days? If that is really the case then why worry? You and I know that is not the case. There are really true HODLers but the majority of the market panicked.

speedforce

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Quote from: Gorosden on May 20, 2021, 02:37:17 AM

Quote from: fortune1002 on May 20, 2021, 02:06:35 AM

Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

Yes mate you are right, no one can get profit without knowledge, but we can't predict market properly. As there are many reasons for market crush and China has announced something about Bitcoin so we can't predict it right.

It's true we can't predict the market properly but people are too greedy, they failed to follow the rules of crypto investment, everything that happens in crypto space today is all I was expecting because I am so disciplined to an extent that I believe in some shits like

1. Things don't stay up forever
2. Up and down is 100% certain in our lives and businesses
3. Billionaires that are hyping crypto wants more money themselves
4. People buying crypto when crypto is surging is RED FLAG
5. People looking at portfolio with 1000% gains and still refuse to take profits, that's their problem, 100% greediness

No 5 is really my problem, Greediness kill me.
Now im hold 3 years for nothing, but live must goes on. I will take lesson from it.

Gorosden

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$CYBERCASH METAVERSE

Quote from: fortune1002 on May 20, 2021, 02:06:35 AM

Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

Yes mate you are right, no one can get profit without knowledge, but we can't predict market properly. As there are many reasons for market crush and China has announced something about Bitcoin so we can't predict it right.

It's true we can't predict the market properly but people are too greedy, they failed to follow the rules of crypto investment, everything that happens in crypto space today is all I was expecting because I am so disciplined to an extent that I believe in some shits like

1. Things don't stay up forever
2. Up and down is 100% certain in our lives and businesses
3. Billionaires that are hyping crypto wants more money themselves
4. People buying crypto when crypto is surging is RED FLAG
5. People looking at portfolio with 1000% gains and still refuse to take profits, that's their problem, 100% greediness

warg2017

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Quote from: fortune1002 on May 20, 2021, 02:06:35 AM

Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

Yes mate you are right, no one can get profit without knowledge, but we can't predict market properly. As there are many reasons for market crush and China has announced something about Bitcoin so we can't predict it right.

I am totally agree with you, how could we predict the market absolutely right, that is impossible. Talking is always easy, but doing it is the hardest part in the world. I said no one can predict the market one hundred percent right.

TheMimic1

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People want their fantasy to come to life, many dreamed of buying mansions and driving Lamborghini through this bull season so they went it with all they have but since they don't know how dangerous buying at ATH is they buy and hold only to watch their portfolio turn red, I'm not surprised because we have more newbies amongst us so they will learn the hard way anyways, the bull market is officially over.

fortune1002

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Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

Yes mate you are right, no one can get profit without knowledge, but we can't predict market properly. As there are many reasons for market crush and China has announced something about Bitcoin so we can't predict it right.

Kasabus

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Quote from: Kelvinid on May 19, 2021, 11:32:59 PM

Okay, then lets us ignore these people, but to know that they will find the answers later and make them realize that they don't need to do it. As I believe that these people who keep complaining are those weak hands investors, as they don't clearly understand what is volatility the hardly they will know about Bitcoin.

So these people are helping the market to make more risky and volatile. As they were still investing crypto and keep asking why and why, the more we got notified and it adds more adoption as many people will come due to curiosity.

Newly investors will never stop to complain unless they learned lessons already or they get used to the dump market.

I think it's our own initiative to research first even its own consequences before deciding to invest not just in crypto but in all aspects of business. When a bull season comes, investors expects huge profits but when the market suddenly dumps, they tend to end up ranting. Remember that this market won't go into bullish without having its bearish season first or vice versa.

wajik-tempe

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But i think people who complained are the people who cannot read the chart or even didn't see the chart when buying a coin, there are a lot of new crypto player lately this year. Most of them are buying a coin because of hype news and also because of FOMO. They will blame the market and the one who recommend to buy if they having a loss. Commn things in crypto

jrrsparkles

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Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.

The same pattern is there when you see the prices are going up well, but if you care about the 20 to 30% dump then you have a feature called stop loss which can be set into your desired threshold limit so if it falls further then the orders will be executed.

Kelvinid

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win lambo...

Okay, then lets us ignore these people, but to know that they will find the answers later and make them realize that they don't need to do it. As I believe that these people who keep complaining are those weak hands investors, as they don't clearly understand what is volatility the hardly they will know about Bitcoin.

So these people are helping the market to make more risky and volatile. As they were still investing crypto and keep asking why and why, the more we got notified and it adds more adoption as many people will come due to curiosity.

Mpamaegbu

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Once a man, twice a child!

Well, what we have ongoing is called "cleansing" in religious circle while the crypto industry called it correction. It happens from time to time, except you're new to it. It should afford numerous investors an opportunity to buy more of their favourite tokens. This is what investors are doing right now while weak hands sell off. The current drop in BTC is around 50%. It isn't even as bad as what the market experienced in 2018 with almost 85% drop. Yet it came back strong. My take is that hodlers shouldn't panic beyond this level for Bitcoin is a phoenix. It will surely rise back and hit a fresh ATH.

meanwords

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Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.

Let's be honest here, a lot of people who invested because of the hype doesn't really know how to check this type of thing. Elon Musk brought them through constant shills and hype. Now that Elon Musk is done, they are blaming him for everything. Well, we can only watch and see how this will turn out.

Midy

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Currently, there are indeed a lot of investors and traders who complain about the decline in cryptocurrency prices, and they also argue that the cause of the current decline in cryptocurrency prices by Elon Musk and several other things, even though there are many media that warn of the great risks of investing in the cryptocurrency world today, but most of them ignore it.

EmmaGod

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I believe it's impossible to always make a perfect decision in this industry. Atimes, one could make losses and other times Profit, but in every case one needs the courage to continue irrespective of the situation. The market present situation is disheartening and it would be difficult to find someone who is a regular user of the industry that wasn't affected.

Bitcoinjheta

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when the market crazily downside you can't say there is no complain why? because they are mostly newcomer in crypto who hopes for another pump, they don't know its a bull trap that is hiding on the other side. You have to take risk no matter what it takes just to save anything to avoid lossing out all your investment.

TastyChillySauce00

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it's because a lot of newcomers coming to crypto right now that hasn't experienced dumping before hand, many of them even never did any investment or trading before so it's only normal to expect that some of the newcomers gonna get
panicked at the slightest of price dip and now the price dip is rather large and it even make them more panicked meanwhile ever since we are reaching the ATH of 60k dollar most of us already expecting the price dumping just like this.
for the hodl who bought in 2018 though still gets an ROI of 11x, if that's not great investment then i wonder what it is.

MadeMen

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Volatility is an inherent nature of the market, so when we see changes in value, its taken as a norm. We saw the value change, but I thought it was a sign of the market preparing for a higher ATH. It feels really bad to see my portfolio drop significantly in value. I wished I sold much more before the dip started.

dunfida

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Quote from: ogundowotoby01 on May 19, 2021, 05:33:35 PM

It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.

I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.

Warnings and tips doesnt always mean that they would really be followed by anybody because we do have different decisions and perceptions towards the market thats why its no surprise when it comes to this manner.

Decisions would neither be on positive or negative outcome and does vary on what are the decisions you had made before the market made out some significant move and if you had missed on selling while youre
in profits and suddenly the price dump then that would really be giving a regretful feeling.

harapan

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The new crypto people don't care much about trading principles, price action or whatever it is pro traders use for their trading activities. They just want a crypto that they would put money in and get between 100% to 1000% in a week or month. There's no interest in learning how trading works other than just using fundamental analysis. News, hype and taking financial advices from people on crypto Twitter. The market showed a lot of signs of being overbought but nobody paid heed to it and they paid the price for their ignorance.

cabron

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Its not the market that people are complaining, its Elon that they wanted to stop talking because some guys are losing more than $100K with just a tweet. Its causing the avalanche when people wanted to hold, they instead sell because he spread fear that even miners in China are selling for a cheap price. Elon shouldn't also complain if he gets mob after all he had done.

Topic: Why complain about the dump when the market warned you???? - page 5. (Read 962 times)