Bitcoin trading dilemmas

Trading in this market can be super stressful, right? The constant ups and downs of prices really mess with your head. Right now, Bitcoin’s sitting below $70,000, and I’m not sure if it's gonna drop even lower. So, what do you all think? Should I keep trading or just pull out?

First of all, please move this thread to the Trading discussion board.. If you are new to the market and to trading, it's best you avoid trading at a time like this, but rather give yourself time to learning and mastering the different types of trading and how they each work for different market conditions.. If you are about to trade and you are already battling with fear and anxiety from that beginning, it clear shows you don't know what you are about to do, so it's best to not trade at that time, give yourself time until the market is a condition where you are confident of your decisions and choices, then you can give the market a try at that time. And concerning the current price of Bitcoin and whether or not it will go down than this, no body can really tell since the market is generally unpredictable or hard to accurately say the direction the market is going, but as a trader, you must learn to analyze the market and come up with an idea of the directional the market is headed, knowing this, trading and being right is how traders make profit off the market, but on the other hand, always be prepared for the worst as well..

What makes you fear that Bitcoin will never see above 70k again? Has there been some sort of news that put this fear into you? I have not heard of anything that would mean that Bitcoin will never go up again. I personally think that if you are a good trader, you do not panic about the current price. Otherwise you just flip-flop on the buy and sell decision until you have shaved away your coin through trading fees.

Do what you prepared as of your plan. Don't be scared and hodl if you can, if you need funds - wait for the eventual rebound.

I highly doubt that the OP is a trader. And if they are, they are an amateur trader with little experience who has made few trades. A good trader knows how to make money whether the market is bullish or bearish. Given your limited experience and knowledge, OP, I would recommend that you forget about trading and invest for the long term, taking into account your personal financial situation and only investing money that you will not need for years.

If you ARE not experienced, I will advise you to stay away from trading to avoid losing your money to the market. You might have read from people how they made fortune from trading, maybe you think it is that easy but the truth remains that trading is not an easy thing to do and it is better to consider holding than trying to flip your Bitcoin through trading. If you have some capital, the market gave a very wonderful opportunity for buys at low prices, focus on that and hold.

The man is not even an amateur trader Imho. Just an unsophisticated guy that wants to engage a trading conversation. What sort of trader comes up to say this? If you can't read the news and analyze your charts, how do you trade? I'd rather you take the advice from the rest of the commenters here. Stick to long-term investment plans and increase your Capital once you're comfortable with the process. That can save you from the anxiety etc..

This is more appropriate for a trading discussion. But regarding your concerns, no one can guarantee that the current price won't drop further, as anything is possible. However, what's happening in the market now is just short-term volatility, so Bitcoin's price will eventually rise again for sure. If you're confident, you can continue trading, as the market will surely recover. But from what I've seen, you probably have little experience, so it's better to stick to spot trading to avoid margin calls, and there's no need to push yourself if you can't.

It's really hard to give advise here, as you might get different results. And probably this is why trading is not for everyone as it's not for the faint in heart. Because you really need to have courage specially in this kind of market cycle which is bear market. From what I read, it's very hard to make money in bear market because prices keeps on declining or it's just trading sideways. That's why there are traders or speculators who might shift their strategy and not trade and just continue to accumulate and DCA in this time. In any case, goodluck on your decision.

I can see the spirit of newbies from you OP. As a newbie the first step to take before going into BTC investment or trade is to have the knowledge of decentralized currency before taking a step, because it will make you not to trade or sell in the loss. This is where some newbies are missing it in the market, because they don't use to carry out their own research to know if what they are hearing about BTC is profitable or not before following the market to trade or sell to earn profit. With what am observing from the market now, I don't think this bull run will last long before the massive bear market will occur and it will help many people waiting for bear to use the opportunity to buy plenty BTC.

So if you are trading and at least dont have an insight or even you own idea as to where the market is going you had better stop trading. Trading is not as simple as waiting for the market to move in your favourable direction. You need to read the charts and be able to forecast short, medium and long term. Thats the mistake a lot of people make when starting to trade. I have a friend who used to trade and to this day he still keeps an eye on the market and he has charts with lines drawn and his own predictions and this he has been doing for years.

You now feel panic... because maybe you bought at a high price and now the price is going down so there is fear. If you are not ready, it is better not to start investing, just hold the coins you have now instead of feeling anxious, because of course you will continue to pay attention to prices where the movement continues to decline. If you are ready and willing to take a bold step... then invest now.

It is precisely this type of crypto market that most investors are happy with and they will try their best to achieve their vision and mission in the crypto market. I once sat with local investors, maybe 60% of their words can be trusted, the reason is that they have succeeded in doing several things with Bitcoin, such as long-term investment, trading and so on. Behind this long decline in Bitcoin, of course many people should think this is an opportunity and moment that should not be wasted, Maybe a situation like this will take a long time to happen again, meaning investing is one of the best moments now for the long term, that's their understanding.

Feelings like that are experienced by those who are just starting to trade. There is fear and also worry, which are feelings experienced by traders who do not have enough confidence in their abilities. It can be said that they still lack experience and skills.  It is better to postpone trading if you are not confident or are worried about a market that is difficult to predict. It is better to stay still than to take the risk of losing money.

Maybe there is currently a completely new situation. Prices drops in January and February, and if February continues so negative, then this will be the first time in histroy. This could continue, beacause the bearmarket say hello, but it could also be a new situation. A new cycle? I dont really believe that yet, because the global economy is looking so negative. Tariffs become to a toy and people are experiencing something new almost every month. But Bitcoin is simply continuing and the network is getting stronger.

Whatever you have (wisdom or courage), use it, if you have both, then it is still a win win situation. Bro don't stress too much, don't hold it too long in your hand, otherwise your hand will start to weigh too much same goes for the mind. I was watching some podcasts lately and they all indicate that holding onto some things can weigh them down. So use whatever you have, if you don't have courage, or wisdom, then it is also not a problem develop them, do trading, learn it first, don't step into the future trading first, it is like a higher level for trader which newbies mostly die, haha, by die I don't mean literally die.

Are you a trader or a long-term hodler? If you are a trader, it is obvious that you don't have basic trading skills. I think you are seeing Bitcoin as a get-rich-quick or money-doubling scheme, which is a very wrong mindset. The price of Bitcoin is not predictable, so I cannot tell if the price will rise or fall over a certain period. If you have a long-term plan, this could be a good time to buy, but traders would have to be cautious. The price will definitely increase in the future; there is no need to panic.

The situation is not easy right now, according to On-Chain Mind, the Bitcoin market is under serious pressure. Short-term holders (<5 months) incur deep unrealized losses, and the profitability of new investors is at one of the lowest levels in history. The pain is intense, and capitulation may come, but this is where the long-term accumulation game begins. Therefore, we can definitely say that Bitcoin still has a lot to fall. But on the other hand, there are signs that the bottom is near or has already arrived. The BTC STH-MVRV chart shows that holders are at a loss and panicking. You know what this usually means: Not a clear bottom, but if it diverges from the bitcoin price, it will be a pretty good guideline.

IIf you are having fear to trade in the market it will be better not to even go in the market because the product of fear when it comes to trading is just lose. It is very important to understand that the market is volatile and will always be volatile, knowing this you have to know how to go about the market not to lose. Being afraid of the market to trade most times one doesn't have the understanding of how to go about it. If you think the market is at the point that seems to be very risky to go into it then their is no need to go into trading because if you try you may end up because that fear is already their for one to lose.

This Bitcoin market movement does not need tremendous courage but rather a full understanding of the market movement.  If you have been in the Bitcoin community for too long and have happened to experience two halvings, this kind of market movement won't frighten you but instead it would make you excited because Bitcoin is now opening its windows for a lower price. If you are not that familiar for trading, you can just DCA if you do not have that huge amount of funds to buy BTC wholesale.  It is proven in the previous cycle that whoever accumulates during a bear market profits greatly when the bull market take over.