Post
Topic
Board Trading Discussion
Re: Crash recoveries are not moons
by
tambok
on 09/09/2018, 18:07:52 UTC
It's not.
So you mean that 1% - 2% of recovery are worthless? Just to be clear, even how small the recoveries are, it was still an improvement after all and you cannot discount it. I think you're just become exaggerated to that one Grin.

Nonetheless, I do agree with your title. Small ups cannot be considered a major sign of a "skyrocket". Crypto is naturally volatile, remember? Meaning, it's normal to experience ups and downs in this field everyday. All of us should get used to it and treat this kind of situations as "nothing special".

But then again, there's also nothing wrong if you will get a little bit hype and be hopeful every time it happens because that's a natural response of an investor. Just always keep in mind, remain calm and expect less because the more you expect the more it hurts.
Grin It is not like it is still not something tangible but we also have to understand that the way people always shot the moons and stars once they start seeing just some little movement in price can actually be a little bit funny.

It might even be a bit higher than 1% but one way or the other, the same way we have corrections when market is in an uptrend, is also the same way we always tend to have corrections when market is in a downtrend which most people are always so optimistic with the moon calling thing.

Honestly you can't blame those people, they just want to have something to look forward to and will motivates them that sooner they'll taste the moon. Yes it's funny somehow, but you know they're thirsty for something that they long and this optimism will lead the market to be more trusted.

Let people believe on it and let the market decide.

Currently I am actively buying into and selling out to get profit, I am not in expectation of this market will grow sharply until the moon. I'm just focusing on the profits I'm earning.

That's a good point like what matters most in the end of the day is you profited enough and mooning will just be a bonus.
Exactly! Even though I want to tell people to continue to hold but we cannot force them as there are different reasons and that is maybe they need financial too and market causing them stress, that is why if you are not a risk taker it is not advisable for you to be to hold coins.