article Exploiting Price Crashes: Bullruns are not the only way to make HUGE profits

[kyoukage01 3181]

22 hours ago, Cryptotanu said:

Yes, I have experienced all the cycles which you have said in this well written post. Yes, I am also a holder of bitcoin since the previous bull run and as I have little knowledge that time I just hold it and never think about selling this because I learned It will be foolish if I'm not selling at top and try to sell right now when price is so low. We all know the situation will be better with time and we will recovered our losses too. Yes, it's easy to say but really tough to do so, as I'm holding for around 3+ years now. All the sudden upside spike excite us as well as downside price upset us.

Did you bought Bitcoins during the bullrun of late 2017 and never got to sell them back profitably!? Aww, man.

 

But you do have gained knowledge about crypto up until this time, right? Just keep hodling to the Bitcoin's you've bought during those times. You've heard the story about the man and the pizza delivery guy, right? Who knew that 10,000 btc back then would cost so much today. Similarly, if in the future Bitcoins rose and 'stabilized' to more than $20,000 you might find yourself reminiscing that buying Bitcoins during 2017 wasn't so bad after all.

 

Nobody knows what the future holds, but what we can do is to adapt what is before us in the present time, and let our wisdom and experience guide us in making that decision.

 

In the meantime, how about trying to buy cheaper Bitcoins, if you haven't already? 😄

 

Edited April 17, 2020 by kyoukage01

[Jeet Narayan 1940]

Bull runs can not only way of making money . There are many ways we can earn from Crypto trading . Price fluctuation in coins is very common so using trading indicators , we can earn good profits.

[iloveyobit 6599]

Thank you for the topic and the information in general. Yes, you are absolutely right. There are a lot of professional traders profiting from the market in both cases of going down and going up.

[Laboni 755]

Yeah, now the price of each currency is much lower. If we buy and hold now, we can earn a lot of profit if the price goes up. The bulls will not be able to influence the market. Of course, there are ways to make a big profit upfront.

[BTC Future 3946]

Certainly a good time to buy is after a major crash, right after support gets verified by the second round of dumping. In the last case Bitcoin bounced from 4k and bears tried to retest but it didn't even manage to break 5K for long enough. It was a clear buy there.

[Captain Karim 0]

Good article, you are right with all that you said, bitcoin has recovered and may be preparing to form a new price high, but unfortunately many cryptocurrencies have not recovered and have remained at the bottom waiting for the supporters.

[Thekingcallme 1975]

You must trust the cryptocurrencies and know that there is a bear market and a bull market and you must prepare for this well to avoid loss when there is control of bulls or bears.

[Virgil dijk 1431]

Yes I agree with you, bull runs isn't the only way of making profit in bitcoin, we can also make profit in terms of crises and when the price crashes, if the price goes very down  and a person buys at a very low price and can sell when the price increases a bit and make profit even when the price is still low.

[Brushless4500KV 4214]

5 hours ago, Virgil dijk said:

Yes I agree with you, bull runs isn't the only way of making profit in bitcoin, we can also make profit in terms of crises and when the price crashes, if the price goes very down  and a person buys at a very low price and can sell when the price increases a bit and make profit even when the price is still low.

There is a good reason why bull runs are the most common ways of earning profit in crypto trading. It is because earning from bull runs is possible with zero knowledge and analysis. Anyone can buy cheap and sell high even beginners. However, the big drawback of this way of earning is that you always have to wait long for prices to crash first and rise after that. A professional trader doesn't need to rely on big runs to get his reward. He knows how to get profit with slightest amount of price changes that other traders may not even notice them! I'm currently practicing to increase my income by trying fast trading methods.

[kyoukage01 3181]

On 5/8/2020 at 4:08 PM, Captain Karim said:

Good article, you are right with all that you said, bitcoin has recovered and may be preparing to form a new price high, but unfortunately many cryptocurrencies have not recovered and have remained at the bottom waiting for the supporters.

Here's a bit of an update as of today: BTC has not only recovered, it is currently knocking on the doors of the $12,000 resistance and is now priced at $11,697. The active traders who sold BTC at less than ~$5,000 a few months ago must be banging their heads on the wall by now; in hindsight this was a very big mistake. They should have bought more instead.

 

[Cryptonym 54]

On 4/15/2020 at 1:00 PM, bliznec said:

I can once again suggest that where there is a decrease in the price of bitcoin, there is an increase in the price of bitcoin. I completely agree with the author of the topic, thanks for sharing. 

Decreasing price of Bitcoin is reasonable because the demand of Bitcoin is going down. We just need to observe the movement of supply and demand because it is the reason why a coin price is moving.

[Moaz 7239]

You are absolutely right, it was a great opportunity for investors to buy bitcoin when its price fell to $4,000 due to the Corona virus and they were confident that bitcoin will rise in price again and this is what actually happened. The price of bitcoin has now reached $ 11,500 and   they achieved great profits

[Alimhana930 1605]

The successful trader sees opportunities in the market, no matter how high or low the market situation, and as it is said, be a friend of the wave That is, the decline is an opportunity to buy at a cheap price and achieve double gains, and the rise is also an opportunity to achieve gains

[Sarahden111 1231]

The bull run, in my opinion, has great benefits for people who rely on storing currencies and buying them from the bottoms at cheap prices. As for the trader, he can achieve huge profits through speculation by relying on good capital Thus, as you indicated, it is not the only way to accumulate wealth.

[TimopheyKa 3900]

Of course, taking off is not always a victory! In fact, this is a big misconception, because you should not forget that you can earn money on the fall of the cryptocurrency, especially on a bearish breakdown! Thus, it makes us understand the fact that trading is flexible, and it can be used in different directions.

[Fixfin 2569]

Sometimes even Bitcoin may not recover. I remember buying the dips in 2018 and it dropped even when it was at 6k, but looking back again the chart a few days ago it seems that the 3 averages 20MA 100MA and 200MA were looking good for another dip. Anyway holding helped and we are now back to 10K and hope for better.

[kryptonick 2659]

The problem is that many people were scared and sold. They feared the doomsday or something similar and thought they needed cash instead of Bitcoin. The fact is that this opportunity to buy so low may not come back again. There are many funds buying cryptocurrencies and these are not going to sell on another event as a second corona wave. Looking at chart there is a small chance that price may got to 6k but it is not even likely. Not to say that lower is almost impossible right now so perhaps the bull run has already started.

[kyoukage01 3181]

On 9/10/2020 at 6:21 AM, kryptonick said:

The problem is that many people were scared and sold. They feared the doomsday or something similar and thought they needed cash instead of Bitcoin.

Is this about the current pandemic? If so, then people panicking and selling off their BTC may be justified as today's health crisis may be as closest to a zombie apocalypse as we can get. There is also the need to stock up on supplies just in case they dwindle, and most stores need payments in cash for those.

 

On 9/10/2020 at 6:21 AM, kryptonick said:

The fact is that this opportunity to buy so low may not come back again. There are many funds buying cryptocurrencies and these are not going to sell on another event as a second corona wave. Looking at chart there is a small chance that price may got to 6k but it is not even likely. Not to say that lower is almost impossible right now so perhaps the bull run has already started.

A dip as low as ~$4,000 per BTC back in March may not happen again, true that. What we can do now is take a look at price charts and see if crypto prices take a dip to the point where we can profit from it no matter what value it has.

 

Take a look at BTC charts for September for example. BTC has crashed down to around ~$10,000 from ~$11,000 last month. There is potential profit to make there. We can either buy right now and wait for prices to rise again, or wait and see if the price can go even lower to rock-bottom prices and buy at that time.

 

Edited September 12, 2020 by kyoukage01

[Alex9876r 1408]

As for the people who specialize in analysis, they prefer speculation and exploit the rise and fall, and therefore the bullrun is really only useful for investors who have stored from very low prices.

[Shaza Ahmad 1682]

The most important thing we learned from that disaster during the Bitcoin price crash is that Bitcoin will not go to zero at least, in that period the fear increased among traders and everyone wanted to exit the market and own cash, and some began promoting that Bitcoin would soon reach $ 1,000 and then reach zero. But it turned out that everything that was said during that period is incorrect.

[Rosarvx 965]

bull race to see where the price will reach have hold their Bitcoins, but also there are traders who daily still making a lot of profits

[Cryptomint 433]

Yes you are right only the bullrun is not a way to earn profit there are many methods also. Like you can earn by market crash if you are doing marginal trading.