Monitoring the market

[mid9tclaw02]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

[Frankolala]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

Bitcoin price movement is unpredictable and monitoring the market isn't a guarantee that you would know the next price movement of bitcoin. This is why you need to be a long-term investor, instead of a trader because the market isn't friendly with traders. Long-term investors have an edge over bitcoin volatile nature because investing in a long term limit your losses. We can only speculate on the price of bitcoin based on past history.

[Redley555]

A good bitcoin miner is suppose to be a good monitor, i really don’t see why people pay less attention to the market, bitcoin is a serious business and should be taking seriously all miners should always stay informed with the news, economy and the government these factors affects the market.

[Mia Chloe]

Bitcoin price movement is unpredictable and monitoring the market isn't a guarantee that you would know the next price movement of bitcoin. This is why you need to be a long-term investor, instead of a trader because the market isn't friendly with traders. Long-term investors have an edge over bitcoin volatile nature because investing in a long term limit your losses. We can only speculate on the price of bitcoin based on past history.

Actually the price of bitcoin can be speculated based on past data , analysis and many others we often group as technically analysis but the thing is you speculations are still based on probability.  In fact it's what sets aside a good analysis from a bad one.

Fundamentals have a huge effect on almost every market but the problem is most times you can't accurately predict them. No matter how sure you are there is always an infinitesimally small chance things could go side ways.

[kotajikikox]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

Yes bitcoin is unpredictable but it is not always completely unpredictable. Bitcoin has become more predictable now compared to before because there is more historical data available now that can guide us into analyzing the market. The tools are a lot more sophisticated and efficient so if you just know enough how to study a market, you can get close to predicting the price of bitcoin at a specific time. Though of course there are still times where bitcoin surprises and there is no clear reason why it suddenly goes up but it just does.

[Ojima-ojo]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

The volatile nature of bitcoin, where it market value is unpredictable os what makes bitcoin, a speculative asset, so we shouldn't expect bitcoin price movement to act the way we want it or expect it to go, I won't happen.


That only safety for an investor, trader or who ever is to make sure to have a perfect entry amd exit approach, that way, whatever happens you will still be at a favorable position on the long run.

[Solosanz]

Isn't that due to bias?

When the price go down or below than what people expect, people will check it more often because they worried if Bitcoin price continue to down.

When the price up, but not that high, people will feel calm and not trying to check as often as the price goes down. Just like now when Bitcoin price hovering around $94K, it's not as low as $80K, but it's not enough to make an interesting article since the price not even reach $100K.

[Samlucky O]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

It will be unwise to monitor the market since Bitcoin price is unpredictable. The market is controlled by demand and supply. market sentiment leading to panic of selling or buying is what's makes the market increase and decrease which is volatility. So for that reason Bitcoin price should not be monitored. It is expected either you buy and Hodl for a long period of Time for future profit, or you buy and sell in a short period of time (Trading).

[Tmoonz]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

Yes bitcoin is unpredictable but it is not always completely unpredictable. Bitcoin has become more predictable now compared to before because there is more historical data available now that can guide us into analyzing the market. The tools are a lot more sophisticated and efficient so if you just know enough how to study a market, you can get close to predicting the price of bitcoin at a specific time. Though of course there are still times where bitcoin surprises and there is no clear reason why it suddenly goes up but it just does.

Bitcoin is always and completely unpredictable, the availability of historical data doesn't make Bitcoin to be predictable in any because past performance is not or never a guarantee for the future performance and at such making Bitcoin not be predictable but however, every predictions or speculation can be right until it is proven otherwise and that doesn't still make Bitcoin to be predictable, Bitcoin is volatile in nature making it difficult for anyone to monitoring the market and be certain about it, no one a total controls of  the factors that causes bitcon volatility that is why there is no tools no matter how sophisticated that is good enough to completely predict the market correctly.

[Cityhunter34]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

Well I think as a good investor that knows the operations of Bitcoin can never in any way think of monitoring the market. Because though once an investor start having such thought of monitoring the market price there is a high possiblity that such person might likely sell his Bitcoin any time soon. However, it's essential to understand that Bitcoin have a great future ahead, so there is no need of monitoring the market when you have not yet reach your desire target.

[Theupdude]

Since Bitcoin never moves the way people would have expected, it is all about patience. The best thing is to be cool and focus long term instead of chasing rapid profits. when everyone believes it will explode and often dips and when none is looking it pumps hard.

[JoyMarsha]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

Without patience, you can't be a successful Bitcoin investor; rather, you turn out to be a loss investor who complains about the Bitcoin price all the time.

Bitcoin investment is not a get-rich scheme, as misunderstood by some people(mostly newbies) who think Bitcoin would give them maximum profits at any time they invested in it without having the basic knowledge of how the crypto is. To invest mostly in bearish market and sell at bull market when the price of Bitcoin has skyrocketed.

[SmartGold01]

Anyone who is investing in Bitcoin market should know that the market is always volatile and doesn't go as expected, the volatile nature of Bitcoin makes it attractive to people because they could target when the market goes upside and get huge profits from the price change over the time, most times there are people who wishes for the price to dump so they will as well accumulate more of it. The market needs patient to succeed for long run except for those who are that desperate to venture in altcoin investments for quick profiting and even as that it's more volatile than Bitcoin.

[Kemarit]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

That is the nature of Bitcoin, it's unpredictable and no can really see where it's going to be and that's why there are no so called experts in this market. For sure there are tools that speculators used, and it's called technical analysis.

But still, it is not a exact science and as the market is open every day in a 24 x 7 basis, it is bound to change very frequent that the analysis is going to be invalidated. As for patience, it's the key here and that's why the advise is to really look at the bigger picture and invest at least for one whole cycle.

[GbitG]

Yeah, definitely, it's unpredictable whether it's Bitcoin or any other cryptocurrency. You might speculate, but you cannot always be right, even the experts can't always be right about the short-term movements of Bitcoin. Because it depends on how the demand is and how much people are into buying or selling. If there are more buyers than sellers at a time, then the market will go up because they will keep bidding higher so that's why they can buy as quickly as possible, and similarly, if there are more people willing to sell, then they will keep reducing their asking price so that why they can sell their assets quickly.

Besides that, let's me tell you something more that those who make short term trades or day trades are usually doing a lot of research and analysis before jumping in, but they didn't even make a profitable trade because anytime the market can go against your expectations. But the important thing is risk management...if you have then its okay in some situations.

[Btcdeybodi]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

Volatility will always push the price either ways that is why monitoring the market is just a kind of putting yourself under unnecessary pressure and stress because as the price is falling that is how your emotions will be affected and when it rises, you feel so excited and the fluctuations the market experiences is not healthy for you to be glued while watching the charts, so the best is just to invest and accumulate without caring about the price each time you are buying whether you choose to buy randomly or apply the DCA strategy. Without patience it will be uneasy to own a huge amount of bitcoin and make more profits hence there is need to buy and hodl until your investment is ripe to reap the proceeds that comes with it.

[tabas]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

And it goes down after we personally have sold it. That is an experience that many can relate and that's why, if you're monitoring the market, make sure that you know what your targets are. The mainstream are there just to cover things about Bitcoin, but this coverage for them is sometimes not valuable for us, and it won't help us to decide, but if you're a firm long-term holder, whatever they say won't make a difference. Because it's funnily enough that even mere predictions of unknown experts, they'll have it covered and will make a headline out of it.

[Wiwo]

Bitcoin would have lost it relevancy if investors are able to predict it next price direction a d getting ot right, this will allow them to habe power over the outcome of future market values and direction making it worthless to still remain I'm the bitcoin ecosystem  as a speculative assets.

What make bitcoin to be fun and heavily chased after os the volatility nature of bitcoin and how impossible markets manipulator can't get hols of it next price movement, so every investors are left in the dark, left to discover the reality of the tru price worth of bitcoin anytime and any price it presents investors will have to accept and move along with that reality.

[Josefjix]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

It had been moving like this from inception till date and nothing strange has ever happened to the movement, the same price of Bitcoin can cause wide major hurts to every investors round the world making investors feel like Bitcoin is a scam shit, while the same time bring joy to the faces of investors with patience to wait for price at new ATH.

That's how the price of Bitcoin had been from day one, you just have to be patient and be ready to leverage on every low for more quantity to be added to already gotten BTC in your wallet.

[Botnake]

The price of Bitcoin goes up when people least expect it. And it moves down when mainstream are expecting it to blast off. It requires more of patience

That’s how unpredictable bitcoin is. One day, it’s on the top, the next day, it’s going in dips. If you have weak hands, you will really find it too confusing and so you end up with a wrong decision-making and put you at a loss. However, if you can ride with the market’s volatility and understand bitcoin’s uncertainty, and you set your patience too high, you will end up benefiting bitcoin and reap what you sow.

Bitcoin seems complex for those who aren’t meant to be bitcoin investors, but for those who can handle bitcoin easily, they will continue to take advantage with bitcoin’s high potentials.