Quote from: Slow death on August 29, 2018, 12:19:19 PM

Quote from: deus030518 on August 29, 2018, 09:58:58 AM

How did you know when will the price in the market will pump and dump.

People do not have a crystal ball to be able to predict the price, but you can use an alternative, you should know that the price of bitcoin increases or decreases depending on the news. For example, if tomorrow you have some good news then the price is more likely to increase, but if tomorrow we have negative news the price will be more likely to fall. You can see this with a great concrete example, I speak of the ETF's... if by case the SEC on September 30 approve the ETF then the price will increase, but if the SEC postpones its decision or disapprove the ETF, then the btc price will drop a lot and in the months that will follow the price will not increase much. this is because people buy cryptos to make a lot of profit fast, so they just buy when they know that a great good news is coming

I really wonder what some people expect from a market when they think there are some people who are good at predicting the market.

No one knows the future and the only thing most traders do is to use certain signals to know if it is a good point of entry or a good point of exit and even at that, there are still bound to be some times market will always end up doing the shittiest thing but at least with some minimal loss as the case may be for someone who is knowledgeable.

Someone like OP apparently assume it is all about buying low and selling high or just seeing green and hopping in immediately. That to me is just another form of gambling for someone who does not have a strategy.