Quote from: FeelingVER on April 15, 2017, 07:59:42 PM

Quote from: aardvark15 on April 15, 2017, 07:34:18 PM

Quote from: krisnt80 on April 15, 2017, 07:27:13 PM

Quote from: Noctis Connor on April 15, 2017, 02:05:47 PM

when the price of bitcoin drop i dont usually panic on selling it out or cashing it out because after a weeks it will pump very high tried and tested since i begin on bitcoin and also bitcoin is so dramatically when it comes on crashing and then suspense when it comes on pumping maybe bitcoin is being control and depends on the traders .

Well you are a strong trader but sometimes you must dump your coins and try to get the bitcoins even cheaper, this is what most traders does when then see a dump coming, they join it and expect cheaper coins, this year it happened twice with 200-300 dollars between before and after the dump, and well bitcoin has recover in part those value, soo it would mean around 10-20% extra more bitcoins if you had followed those.

I agree that if a trading thinks the price will drop soon, he will sell regardless of the current price. The problem is guessing when a dump will occur. Usually it happens after some bad news or after the price has gone up really high. It's very hard to time it correctly.

It seems to me that with the crypto currency it is absolutely impossible. Sometimes bitcoin behaves unpredictably.
But often the price of bitcoin goes down due to the fact that many newcomers lend themselves to panic and sell their savings

and additionally newcomers are afraid of lose money. but they dont even know this is part of trading experimentation. Patient and self-control is more important than statics,graphics in this market. i can't say anything to panic sells while in margin trading.

modsa26

Posts

Merits