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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
The bitcoin had huge demand in the current cryptocurrency market,after the pump in the bitcoin price with 42k dollars.We able to see many old traders back to the crypto trading and specially on bitcoin.After the bitcoin mark the value of 19k dollars,we can able to see huge people get into the bitcoin trading.But when ever the bull run occur,we able to see many traders in the market.The negative trend is the transaction fee of the bitcoin was officially increased by the exchange when they able to get more demand of bitcoin in the market.
The continuous investment in the bitcoin will be the better option to trader to have huge bitcoin at the end of the day.If the market get into the bear market from the current bull market,the traders can use the chance to get huge bitcoin to their wallet for their future.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
This is quite some interesting post you've made. I think it's generally most people's habit to use the dying minutes approach to address a particular issue. It is said that: every price is a given opportunity to make your investment. Certainly, the price of Bitcoin can't go back to $19K again, which makes some investors prefer to wait for a decline in current price inorder to make purchase, while others chooses to use the dying minutes approach.
Well I am not a huge investor, but i think the different approach is basically to make profit. Buying towards bull, and buying early are primarily to make profit, so it doesn't matter to me.
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I'm not sure it works like that
Many people heard about Bitcoin when it got expensive doesn't mean buying it Is fear of missing out.
As long as you ready to hold $100K is still a good time to accumulate Bitcoin not to mention $43K.
There's an upcoming ETFs approval and people tend to buy the rumor and sell the news.
With Bitcoin potential $43K is till early. Not to be easily swayed by the market just buy with money that you can easily do away with and start accumulating so you won't get too emotional incase of a dip.
FOMO is not advisable for coins with no real utility and whose market can be easily manipulated for a pump and dump.
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I think most of the people who bought Bitcoin when it was falling in value couldn't keep their savings. In fact, very few people have an accurate idea of when a bull market will occur. But those who have been patient after investing in bitcoins have benefited a lot at the end of the day. So my personal opinion is that holding bitcoins has the potential to be profitable in the future. But most people cannot survive for this. It is not possible for everyone to be patient for a long time.
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I think most of the people who bought Bitcoin when it was falling in value couldn't keep their savings. In fact, very few people have an accurate idea of when a bull market will occur. But those who have been patient after investing in bitcoins have benefited a lot at the end of the day. So my personal opinion is that holding bitcoins has the potential to be profitable in the future. But most people cannot survive for this. It is not possible for everyone to be patient for a long time.
The next Bitcoin halving is expected in April next year, which is just over three months. It is recommended to buy Bitcoin about six months before this event. By the end of 2024, it should rise significantly in price and surpass its previous price record. Therefore, now it is quite possible to buy until its price rises significantly. But I think that before the halving there will still be a significant price correction. Then you can buy it much cheaper than today's price. But this is everyone's choice.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Actually who understand Bitcoin's future and bought early he will huge benefited from here. I am agree with you. I also think don’t wait for bull market. Who buy bitcoin in bear market he will more profitable then how buy bull market.
I think talent people already bought Bitcoin in deep and they are waiting for bull session. And still they are profited now. But it also true all people who invested on bitcoin now he also profited today or tomorrow i strongly believe it.
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Actually who understand Bitcoin's future and bought early he will huge benefited from here.
Yeah, I think investing is doing at the right time to buy and hold.
I f we bought bitcoin at the beginning launched, we will be rich. But It was passed.
For now, I think we still have opportunity, buy now before halving
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I think most of the people who bought Bitcoin when it was falling in value couldn't keep their savings. In fact, very few people have an accurate idea of when a bull market will occur. But those who have been patient after investing in bitcoins have benefited a lot at the end of the day. So my personal opinion is that holding bitcoins has the potential to be profitable in the future. But most people cannot survive for this. It is not possible for everyone to be patient for a long time.
The next Bitcoin halving is expected in April next year, which is just over three months. It is recommended to buy Bitcoin about six months before this event. By the end of 2024, it should rise significantly in price and surpass its previous price record. Therefore, now it is quite possible to buy until its price rises significantly. But I think that before the halving there will still be a significant price correction. Then you can buy it much cheaper than today's price. But this is everyone's choice.
its everyones choice alright but as we get closer to the halving an when the price starts to climb there will definitely be FOMO.
when the price passes the ATH of $69000 there will definitely be FOMO.
It happens every time, some people wont understand the bitcoin cycle and will buy in at the wrong time approaching the end of the bull run and they will sell after the drop.
if you are going to FOMO hopefully you will have patience to HODL through the bear season which can be very bleak.
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As long you're ready to hodl and wait patiently, buying Btc now is still right as long the beating of its new ATH still in progress, and beside missing out in some opportunities of buying Bitcoin when the price where still around the the price range of $20k doesn't mean you can buy now and still partake in the profit of the next bull run. Because you not buying now might still end up having the same regret of nor buying then when the time comes so grab any chances and opportunities you have now to partake on the upcoming bull run.
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Is there a precise definition of when a bull market begins and when it ends? For some, the bull cycle started at 20,000, for others at 50,000. The same goes for buying at the bottom. You can say the following: "Buy according to the DCA strategy and you'll be happy." DCA - is a really cool model, but I believe it is not suitable for small amounts (under 30k). The market is repeatable You don't need to push yourself into a fomo framework. And importantly, you should not listen to outsider personalities in any purchase/sale.
Do not pass the responsibility to others, only independent decision making. There is no other way!
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
I think that not all people can do this, just because not everyone knew about bitcoin or someone had money invested elsewhere, it has long been proven that any investment, regardless of the time of investment at a certain duration gives a profit and you can buy bitcoin now and sell it in a couple of years and you can earn 200% like those who bought it in 2022 and sold it this year.
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Is there a precise definition of when a bull market begins and when it ends? For some, the bull cycle started at 20,000, for others at 50,000. The same goes for buying at the bottom. You can say the following: "Buy according to the DCA strategy and you'll be happy." DCA - is a really cool model, but I believe it is not suitable for small amounts (under 30k). The market is repeatable You don't need to push yourself into a fomo framework. And importantly, you should not listen to outsider personalities in any purchase/sale.
Do not pass the responsibility to others, only independent decision making. There is no other way!
Absolutely, the definition of when a bull market begins or ends can vary based on individual perspectives — people often use different indicators or milestones like price points to identify these cycles. The diversity of opinions on whether the bull cycle started at $20 000 or $50 000 emphasizes the subjectivity of market analysis.
The DCA strategy is indeed a robust approach for long-term investors. It helps in mitigating the impact of short-term market volatility by spreading purchases over time. While it's true that some may feel it's more suited for larger amounts, the principle remains applicable to various investment sizes.
The market's repetitive nature is a crucial insight. Trends tend to follow recognizable patterns, and understanding these can be valuable for making informed decisions. Rushing into a fear of missing out (FOMO) can be counterproductive. Patience and a disciplined approach often yield better results :)
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Well, as people who have been in the Bbitcoin market for some time and who have some experience in this, we can assume that we are not fooling around, that is, that we do not stop at the forum, because we are very clear about what What does Bitcoin mean and everything it can be in life, personally I see that Bitcoin is at a lower price than the ATH because for me that is enough to decide to buy, there is no other way , of course I know that some people who can enter the market as newbies and have their doubts, because they can buy bitcoin and see a drop in price, because they sell sometimes out of panic, I know, but it is very difficult to tell a person that it does not matter for the price to go down, the last ATH was almost at $70k, the next one will be more than $100k , those are things that are easy to say, but when you have money in there it is different, and even more so when it is very much money. worked and see how it depreciates, but the moment bitcoin rises in price, new things will come.
This is a question of knowing well what you can get in the long term, I don't blame people who don't believe it, but when they realize this for what it is, they will Regret not buying Bitcoin.
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If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Well, you are right, afterall, it's already established that wise investors do all the investing during the bear season, the bear season is the time when we get to find the best and strong projects to invest in, this is if what we are talking about is not bitcoin, for bitcoin on its own is the head of all cryptocurrency, no one ever will go wrong investing in bitcoin as long as the investment is done in the right time, which is during be bear market.
If I should use the law of sowing and reaping, like I've said before, the bear season is the time for sowing, while the bull season is the time for reaping the fruit of that which we sowed in the bear season.
Though it's still very possible to invest in a bull season and still make profit, but profit made from investing this way can't be compared to the profit some one who invested in a bear season will make, though it still depends on when each of this investors sell off their investment though.
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If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Well, you are right, afterall, it's already established that wise investors do all the investing during the bear season, the bear season is the time when we get to find the best and strong projects to invest in, this is if what we are talking about is not bitcoin, for bitcoin on its own is the head of all cryptocurrency, no one ever will go wrong investing in bitcoin as long as the investment is done in the right time, which is during be bear market.
If I should use the law of sowing and reaping, like I've said before, the bear season is the time for sowing, while the bull season is the time for reaping the fruit of that which we sowed in the bear season.
Though it's still very possible to invest in a bull season and still make profit, but profit made from investing this way can't be compared to the profit some one who invested in a bear season will make, though it still depends on when each of this investors sell off their investment though.
I have already written above, but I will add that bitcoin can be bought always, not only in the bear season, which is of course the most profitable, but in any because if you are in addition a trader, on all exchanges there is a pair with bitcoin, you can invest money in it and without noticing that you invested somewhere to trade on all this money as if you invested in usdt and not in a volatile cryptocurrency.
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Absolutely, the definition of when a bull market begins or ends can vary based on individual perspectives — people often use different indicators or milestones like price points to identify these cycles. The diversity of opinions on whether the bull cycle started at $20 000 or $50 000 emphasizes the subjectivity of market analysis.
The DCA strategy is indeed a robust approach for long-term investors. It helps in mitigating the impact of short-term market volatility by spreading purchases over time. While it's true that some may feel it's more suited for larger amounts, the principle remains applicable to various investment sizes.
The market's repetitive nature is a crucial insight. Trends tend to follow recognizable patterns, and understanding these can be valuable for making informed decisions. Rushing into a fear of missing out (FOMO) can be counterproductive. Patience and a disciplined approach often yield better results :)
People are often in the habit of shifting responsibility to others. I understand, it is much easier that way. You can read or listen to various analysts who have been in the market for months. In case of deposit loss, it is much easier to blame someone outside the market. About the DCA strategy: yes, it does work. But I would still advise not to use it for those users who have a deposit of several hundred dollars. It will be absolutely useless. It is better to invest these funds in your knowledge and skills that will be useful in the future.
Knowledge + experience = brings its fruits. Hodl as it was, and remains to this day a simple strategy, which will bring a fairly large income to those who understand and adhere to its principle of operation.
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This is the best time that we need to buy Bitcoin and hold that because just some chance that the BTC will come down but the main chance is that it will go highs o much and I hope at that time BTC will easily touch the $60,000 and after that with in two months it will touch the $100,000.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Buying low and sell high has been the most infective ways of making money from the cryptocurrency market, Bitcoin inclusive. Many people violate this law of investment and that is why they keep losing money.we should also no the different between risk capital from investment capital if we want to analyze right time to invest. Buying Bitcoin in 2022 and holding till 2024 may be capital tired down for some people were as that same money could be put in day trading and people will still make more than what they could make by tired down their capital for many years.
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Absolutely, the definition of when a bull market begins or ends can vary based on individual perspectives — people often use different indicators or milestones like price points to identify these cycles. The diversity of opinions on whether the bull cycle started at $20 000 or $50 000 emphasizes the subjectivity of market analysis.
The DCA strategy is indeed a robust approach for long-term investors. It helps in mitigating the impact of short-term market volatility by spreading purchases over time. While it's true that some may feel it's more suited for larger amounts, the principle remains applicable to various investment sizes.
The market's repetitive nature is a crucial insight. Trends tend to follow recognizable patterns, and understanding these can be valuable for making informed decisions. Rushing into a fear of missing out (FOMO) can be counterproductive. Patience and a disciplined approach often yield better results :)
Hodl as it was, and remains to this day a simple strategy, which will bring a fairly large income to those who understand and adhere to its principle of operation.
Hodl is a relative value. You have to sell at some point anyway, right? I know a few people who say they won't sell bitcoin ever and just make money from it. However, when to sell bitcoin is a big question, and it is unlikely that anyone can provide a definitive answer.
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American venture investor Tim Draper suggested that next year the Bitcoin rate could significantly exceed $250,000.
So let's wait and don't worry.
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Hodl is a relative value. You have to sell at some point anyway, right? I know a few people who say they won't sell bitcoin ever and just make money from it. However, when to sell bitcoin is a big question, and it is unlikely that anyone can provide a definitive answer.
A hodl is a long-term holding of assets until time "x", the price you are interested in. Roughly speaking, until the price you personally set for yourself. Of course, the asset will have to be sold. "These few people" - they've been in the market for a long time, right? There are situations when people go into Fomo at 60 thousand dollars..... and after that blame everyone around + declare that the cryptocurrency market is a scam.
Choose a strategy for yourself personally + buy where you think you should. Do not listen to outsiders. For, it is they who can mislead and give incorrect financial recommendations
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If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
This is another way of telling the person not to buy when the price is too high and everyone is hyping it on social media. Not because you just saw something trending on social media, you will jump into it directly. A lot of people have already learned a lesson on this because people tend to buy when the price is high, and they are always thinking that it will continue to rally. I am hoping that this year people will now be thinking deeply and having second thoughts on investing in something.
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If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
This is another way of telling the person not to buy when the price is too high and everyone is hyping it on social media. Not because you just saw something trending on social media, you will jump into it directly. A lot of people have already learned a lesson on this because people tend to buy when the price is high, and they are always thinking that it will continue to rally. I am hoping that this year people will now be thinking deeply and having second thoughts on investing in something.
Likely most difficult how to to talk not buy bitcoin when raising most highest price because many FUD and hype moment exactly when bitcoin on top position price. Still memorize when last time Bitcoin made All Time High (ATH) many investor and influencer talk about bitcoin get potential will raise to $100k.
But after making new all time high bitcoin drastically drop and need more than two years later for closing the higher price before, must take lesson how now be hype when investing in bitcoin keep patience and waiting right moment to buy bitcoin.
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my personal opinion is that holding bitcoins has the potential to be profitable in the future. But most people cannot survive for this. It is not possible for everyone to be patient for a long time.
Holding bitcoin for along time is always being profitable investment.
But It needs big fund.As you said most people can't survive for this.
Imagine If I bought bitcoin at the beginning 2010 and hold until now, I will be rich man.
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Buying a coin that just created an ATH is highly risky especially while going with leverage.
in the case of bitcoin i would say FUD is worse. Speaking from experience sold my btc in loss around dec 2022 during the FTX bankruptcy but bitcoin bounced back in 2023 and exceeded its 2022 all time high and its still rising.FOMO is not really something i would associate with bitcoin now since this isn't anywhere close to its peak not to mention its volatility isn't the highest.
Greed and fear are the two emotions that kills in trading or make you richer. Just try to strike a balance.
In the case of HODL, there's no specific time period is based on the owner and their wants. Some hold with respect to time, Price or even profit. Your Hodling shouldn't be copied from another. You know your target, what you aiming for but as many would advice even if you are selling.
Do not be a Nocoiner
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Hodl is a relative value. You have to sell at some point anyway, right? I know a few people who say they won't sell bitcoin ever and just make money from it. However, when to sell bitcoin is a big question, and it is unlikely that anyone can provide a definitive answer.
A hodl is a long-term holding of assets until time "x", the price you are interested in. Roughly speaking, until the price you personally set for yourself. Of course, the asset will have to be sold. "These few people" - they've been in the market for a long time, right? There are situations when people go into Fomo at 60 thousand dollars..... and after that blame everyone around + declare that the cryptocurrency market is a scam.
Choose a strategy for yourself personally + buy where you think you should. Do not listen to outsiders. For, it is they who can mislead and give incorrect financial recommendations
As a holder, I have never sold any accumulated bitcoin. However, I have a question: When should I sell? My plan is to wait until the previous price high is surpassed. But if the price continues to rise, what should I do? How can I determine the optimal selling price?
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I'm not sure it works like that
Many people heard about Bitcoin when it got expensive doesn't mean buying it Is fear of missing out.
As long as you ready to hold $100K is still a good time to accumulate Bitcoin not to mention $43K.
There's an upcoming ETFs approval and people tend to buy the rumor and sell the news.
With Bitcoin potential $43K is till early. Not to be easily swayed by the market just buy with money that you can easily do away with and start accumulating so you won't get too emotional incase of a dip.
FOMO is not advisable for coins with no real utility and whose market can be easily manipulated for a pump and dump.
To add to what you have said we still need to understand that it is not all about the fear of missing out that makes people to buy late. There are people who discovered bitcoin when the price was fair enough for them to buy but there was no fund to buy Bitcoin. At the time that they had fund to invest the price has already skyrocketed that is one of the things that happens.
Secondly the Bitcoin will are seeing now is not enjoying any kind of hype from the social media. So it is correct to say that many people have not heard much about Bitcoin. But if bull run starts 70% of the post on social media will be about bitcoin making people rich and that is when so many people will jump into the market in order to partake from the goodies of Bitcoin. What I am very sure that happens, is only when they testimony of Bitcoin is high that people will tend to invest in Bitcoin.
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As a holder, I have never sold any accumulated bitcoin. However, I have a question: When should I sell? My plan is to wait until the previous price high is surpassed. But if the price continues to rise, what should I do? How can I determine the optimal selling price?
Sorry, but giving financial advice is wrong.
- Depends on when you bought it;
- On what percentage of your deposit;
- On how many X's the asset has brought in; etc.
It's all individualized. My purchases/sales are different from yours. So is the expectation of the asset. Each user has a different perception and so on.
P.S. Try not to listen to outsiders too much. So You don't have to blame someone through advice in the future. All decisions - make your own! Don't let fomo defeat you.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Of course Mr X that bought early will be the one to make more profit when the bull market comes. Although not all those that invested early will get more profit than those that invested late. Bitcoin investment has to do with the number of bitcoin you are able to accumulate overtime before the bull market approaches when a lot of people are cashing out their investments. If Mr X invested when the price was at $20K and bought 1BTC but Mr F invested about $90K to buy 2BTC at the current market price. With this stats, Mr F will be the one to make the most profit when the bull run approaches because of the number of bitcoin holding he has in his savings at the time of the bull run.
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This is the best time that we need to buy Bitcoin and hold that because just some chance that the BTC will come down but the main chance is that it will go highs o much and I hope at that time BTC will easily touch the $60,000 and after that with in two months it will touch the $100,000.
Indeed, you are very courageous. I don't know what you know that gave you such much hope to see Bitcoin in $100k. The highest we have seen so far is $59k which was in the last bull run and then crashed to $15k in the year 2022, but now the price is okay and ready to do another journey but I'm not sure about that $100k. I hope you know that for the bitcoin price to pass $60k, we need to cross the previous resistance which happens to be the last previous all-time high, $100k will not be easy to cross without putting many fights against the bears.
American venture investor Tim Draper suggested that next year the Bitcoin rate could significantly exceed $250,000.
So let's wait and don't worry.
Tim Dapper obviously holds Bitcoin and that is why he is so bullish but he isn't the only person who has said that in the past and none ever occurred. What I know is that the bitcoin price will increase in many fold but not the way we expect. It is when you don't expect much from bitcoin you get more surprises but by the time you see people giving different predictions, that is when nothing occurs.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
Yeah, I think we should have analyzing very early before investing.
For now, almost all of investors buy more before bitcoin halving.
I don't say they buy bitcoin only because of FOMO, but they have research about bitcoin habits every 4 years.
Halving and will touch new ATH.
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but unfortunately it cannot be denied that many people buy Bitcoin because when the hype and the price start to rise high. Most new investors even just follow their colleagues to invest in Bitcoin without first understanding what Bitcoin, Crypton in general and specifically, and how to invest in them.
and as a result, when the price of Bitcoin suddenly experienced a market correction or fell even slightly, the new investors panicked and thought that their money was lost. in the end they panic to sell the Bitcoin at a lower price. this is what is worrying when people invest in Bitcoin just because of fomo or just join in without prior understanding
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Sorry, but giving financial advice is wrong.
- Depends on when you bought it;
- On what percentage of your deposit;
- On how many X's the asset has brought in; etc.
It's all individualized. My purchases/sales are different from yours. So is the expectation of the asset. Each user has a different perception and so on.
P.S. Try not to listen to outsiders too much. So You don't have to blame someone through advice in the future. All decisions - make your own! Don't let fomo defeat you.
I didn't consider seeking advice. I am interested in an outsider's opinion ;) If I follow someone else's advice, I take full responsibility because it's my money, and I decide what to do with it. I only buy when I have extra money. Based on the average price, I should be in profit by now. However, I always want more, so I am waiting for the bull run.
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I didn't consider seeking advice. I am interested in an outsider's opinion ;) If I follow someone else's advice, I take full responsibility because it's my money, and I decide what to do with it. I only buy when I have extra money. Based on the average price, I should be in profit by now. However, I always want more, so I am waiting for the bull run.
Yeah, yeah, I specifically said It's good that you understand yourself + realize the risks. If x2 in bitcoin or more, that's great. I'll just say this, the price we are at now is not bad enough to lock in some of the money invested. (If there is a big return). But that doesn't mean we won't see 50k for a single bitcoin tomorrow.
Sometimes, greed plays a big role. Everyone has a different idea of a bull market. For me, it started at $38,000. The ultimate decision making is yours alone. I, where I see a good (within my limits) income....I'm starting to sell. I don't like to wait for a miracle. 8)
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but unfortunately it cannot be denied that many people buy Bitcoin because when the hype and the price start to rise high. Most new investors even just follow their colleagues to invest in Bitcoin without first understanding what Bitcoin, Crypton in general and specifically, and how to invest in them.
It's a common scenario as there are people who are showing off their money through social media or stuff like that. Bragging about their earned profit, since it is a lot of money, people get easily attracted and do the same thing which is investing even if the price is high to at least earn a profit out of their investment.
and as a result, when the price of Bitcoin suddenly experienced a market correction or fell even slightly, the new investors panicked and thought that their money was lost. in the end they panic to sell the Bitcoin at a lower price. this is what is worrying when people invest in Bitcoin just because of fomo or just join in without prior understanding
Many new investors are selling their investments or panicking because they lack knowledge about the market. They invested solely because they saw someone else doing the same and were influenced without prior research. When the market experiences a price correction, they are unsure of what to do, leading to losses instead of profits.
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What we can be certain of is. Actually, this is very general advice and we often echo it in the crypto space. This is to reduce the Fomo rate in Bitcoin purchases without based on adequate knowledge and understanding from investors, especially newcomers.
Investing in Bitcoin is indeed profitable and promising compared to altcoins, and maybe we can say that the risk is lower than altcoins. However, it will be the opposite if we don't have enough understanding about how to invest in Bitcoin smartly and wisely. as well as the readiness needed before investing. Indeed, don't just jump on the bandwagon, but indeed we are truly ready financially, emotionally, in our knowledge and management regarding investing in crypto.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
It is a very good advice but unfortunately the advice is not for everyone. There are people who will deliberately not take the advice and there are people who might not know about the advice and people who knows but cannot apply the advice. Let's highlight them;
- There are people who doesn't know about this advice.
- There are people who will join the bitcoin investment when it is already at the bull
- There are people who got good timing but there was no funds to buy then
- There are people who will not even but at all
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Yeah, yeah, I specifically said It's good that you understand yourself + realize the risks. If x2 in bitcoin or more, that's great. I'll just say this, the price we are at now is not bad enough to lock in some of the money invested. (If there is a big return). But that doesn't mean we won't see 50k for a single bitcoin tomorrow.
Sometimes, greed plays a big role. Everyone has a different idea of a bull market. For me, it started at $38,000. The ultimate decision making is yours alone. I, where I see a good (within my limits) income....I'm starting to sell. I don't like to wait for a miracle. 8)
I see bitcoin as a means of saving. I am confident that its value will increase over time, so I aim to hold onto it for as long as possible. Altcoins are better suited for earning, as they can be earned and then sold, gradually accumulating bitcoin. This is my simple strategy.
What we can be certain of is. Actually, this is very general advice and we often echo it in the crypto space. This is to reduce the Fomo rate in Bitcoin purchases without based on adequate knowledge and understanding from investors, especially newcomers.
Investing in Bitcoin is indeed profitable and promising compared to altcoins, and maybe we can say that the risk is lower than altcoins. However, it will be the opposite if we don't have enough understanding about how to invest in Bitcoin smartly and wisely. as well as the readiness needed before investing. Indeed, don't just jump on the bandwagon, but indeed we are truly ready financially, emotionally, in our knowledge and management regarding investing in crypto.
Bitcoin is ideal for long-term storage, as it is practically inaccessible to most people. Many individuals attempt to earn money and quickly exchange their coins for physical assets. However, experienced users who believe that Bitcoin will eventually reach a value of 100 thousand dollars or more choose to hold onto their coins.
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That's so true even not only for Bitcoin but also for other altcoins. If a coin is good enough then Early investor will make huge profit. Although everyone can't afford to buy Bitcoin when price was low as they have to manage their livelihood true. But who have ability, i also recommended them to buy Bitcoin earlier. Bitcoin may can't give you 5-10x return like altcoins but Bitcoin is safe , secure and always best for investment. Thats why people recommended it
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That's so true even not only for Bitcoin but also for other altcoins. If a coin is good enough then Early investor will make huge profit. Although everyone can't afford to buy Bitcoin when price was low as they have to manage their livelihood true. But who have ability, i also recommended them to buy Bitcoin earlier. Bitcoin may can't give you 5-10x return like altcoins but Bitcoin is safe , secure and always best for investment. Thats why people recommended it
You are right actually, and one thing I really would like us to understand is that, FOMOing is a normal thing in crypto, almost every investor has sometime in the past fomoed in to a crypto investment, and even in the future, most investors will still at some point fomo into a crypto investment, and such investment could be bitcoin or any other altcoin, but just as you have said, it's actually very much better and safer to fomo into investing in bitcoin, than fomo into investing in some random altcoins.
When it comes to investing in bitcoin, it is advised that we should take our time and get a good price to enter, but when the market is going up steadily and rapidly like it does in a bull run, it's better to get in at any price else, you might just miss out on some potential profit, and let's say that after getting in, the price of bitcoin drops, just keep holding and dca, bitcoin will always rise again.
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I see bitcoin as a means of saving. I am confident that its value will increase over time, so I aim to hold onto it for as long as possible. Altcoins are better suited for earning, as they can be earned and then sold, gradually accumulating bitcoin. This is my simple strategy.
The value will be there, but whether it will be as active as it is now is another question. And what will happen after the adoption of ETFs is similarly a rhetorical question. If it's no secret, what was your average purchase price? How long are you willing to keep your blood bitcoins for? If the strategy is speculative (short-term and/or long-term) - in any case there will be income. And what altcoin to buy is purely your decision.
The main thing is that there's no FOMO, everything else is a formality. 8)
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but unfortunately it cannot be denied that many people buy Bitcoin because when the hype and the price start to rise high. Most new investors even just follow their colleagues to invest in Bitcoin without first understanding what Bitcoin, Crypton in general and specifically, and how to invest in them.
and as a result, when the price of Bitcoin suddenly experienced a market correction or fell even slightly, the new investors panicked and thought that their money was lost. in the end they panic to sell the Bitcoin at a lower price. this is what is worrying when people invest in Bitcoin just because of fomo or just join in without prior understanding
Well, this is what is happening at the moment, many investors are just following friends who have already been successful before without knowing the ups and downs of how they can get these profits.
and unfortunately, when bitcoin experiences a decline, the new investor blames the friend who taught him about bitcoin
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but unfortunately it cannot be denied that many people buy Bitcoin because when the hype and the price start to rise high. Most new investors even just follow their colleagues to invest in Bitcoin without first understanding what Bitcoin, Crypton in general and specifically, and how to invest in them.
and as a result, when the price of Bitcoin suddenly experienced a market correction or fell even slightly, the new investors panicked and thought that their money was lost. in the end they panic to sell the Bitcoin at a lower price. this is what is worrying when people invest in Bitcoin just because of fomo or just join in without prior understanding
It is newbies who think that bitcoin is a get rich quick scheme that always want to buy bitcoin during this period that the hype is there and die to fomo they will also invest. This is why when the price goes below their entry point, they panic and sell and lose at the end of the day because they don't want to see bitcoin as an investment that should be done in a long term. I will also call then short-term investors, which are traders. If any newbie knows the basic of bitcoin that it should be a long-term investment that person wouldn't sell even if the price below his entry point because he plans to be on a long-term ride, and this is the only way to less the risk in bitcoin investment. Buying due to FOMO is buying blindly, and you will put yourself on a big risk.
Well, this is what is happening at the moment, many investors are just following friends who have already been successful before without knowing the ups and downs of how they can get these profits.
and unfortunately, when bitcoin experiences a decline, the new investor blames the friend who taught him about bitcoin
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Well, this is what is happening at the moment, many investors are just following friends who have already been successful before without knowing the ups and downs of how they can get these profits.
and unfortunately, when bitcoin experiences a decline, the new investor blames the friend who taught him about bitcoin
It is still not hottest and it is like a rehearsal for a big bull run next two years in 2024 and 2025. We are witnessing FOMO of people in the market but they will become more FOMO in a big bull run which will come soon.
Recent months belong to a mini bull run and it is helpful as a warm-up period for the next two years. We will see more newbies joining this market in near future. They will be part of next FOMO wave in this market.
I feel Bitcoin is going with a mini distribution for top of this rally but I don't worry because after that, it will have an actual bull run after halving in April 2024.
Fear and Greed Index chart: https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/
The index shows Greed now, at 72.
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but unfortunately it cannot be denied that many people buy Bitcoin because when the hype and the price start to rise high. Most new investors even just follow their colleagues to invest in Bitcoin without first understanding what Bitcoin, Crypton in general and specifically, and how to invest in them.
and as a result, when the price of Bitcoin suddenly experienced a market correction or fell even slightly, the new investors panicked and thought that their money was lost. in the end they panic to sell the Bitcoin at a lower price. this is what is worrying when people invest in Bitcoin just because of fomo or just join in without prior understanding
People like that usually just want to make a profit, when prices are rising they enter and start investing without having any basic experience because what they have in mind is just profit and don't think about the risks that will occur later when the price experiences a correction.
And we know that after the pump it will start to go down and when it goes down they will panic of course selling in the middle of the road because they don't want to lose more so they make cutlos.
If they buy at the high then it's the wrong strategy unless you hold for the long term say 10 years, it doesn't matter.
But when you want to make a profit, use several strategies so that your investment grows over time, for example investing using DCA every week or month, this will determine the average price purchased this way, your accumulation will continue to grow even though prices are falling or rising.
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That's so true even not only for Bitcoin but also for other altcoins. If a coin is good enough then Early investor will make huge profit. Although everyone can't afford to buy Bitcoin when price was low as they have to manage their livelihood true. But who have ability, i also recommended them to buy Bitcoin earlier. Bitcoin may can't give you 5-10x return like altcoins but Bitcoin is safe , secure and always best for investment. Thats why people recommended it
I think its more on the altcoin side, they are really volatile and they are prone to what we call "pump-and-dump" scheme. As for FOMO in the market, I think people are buying Bitcoin, maybe they hear it from friends or from reading the internet, but still though, it's all good. The thing is that you need to have mental toughness to being a HODLer. And it might take years for someone to let say buy at the top and then the bear market occurs, so there's no movement after all. But if you can wait and believed that Bitcoin price will still grown despite the current cycle then investment on Bitcoin is still good, in my opinion.
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The value will be there, but whether it will be as active as it is now is another question. And what will happen after the adoption of ETFs is similarly a rhetorical question. If it's no secret, what was your average purchase price? How long are you willing to keep your blood bitcoins for? If the strategy is speculative (short-term and/or long-term) - in any case there will be income. And what altcoin to buy is purely your decision.
The main thing is that there's no FOMO, everything else is a formality. 8)
Honestly, I don't keep track of the average purchase price. I buy regardless of price when I have spare cash. Regarding storage, I try to hold onto the coins as long as possible until the price reaches its peak. However, it can be challenging to determine how much to keep because if the value is very high, the desire to sell may override the desire to hold onto them.
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Honestly, I don't keep track of the average purchase price. I buy regardless of price when I have spare cash. Regarding storage, I try to hold onto the coins as long as possible until the price reaches its peak. However, it can be challenging to determine how much to keep because if the value is very high, the desire to sell may override the desire to hold onto them.
So you're buying into the DCA strategy? Yeah, you can say that's not it. But it's +/- similar.
I understand you, it's called "Fomo", it's quite normal, you won't believe it, most people have it. Decide on the specifics of the purchase/sale price + % on which you have to do. It's much easier that way. If you don't believe me, try it yourself. You'll be surprised how much easier it will become in your head. Так же, большую роль играет жадность. Но всему можно научиться. 8)
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
X will earn more profit. but Mr F will also earn his fair profit. X will earn more because he trusted bitcoin at a time when everyone else including MR F thought he'l loose his money if he buy Bitcoin that time. but when he saw that Bitcoin is continuously increasing. then he decided to take risk too..
technically he took a bigger risk. because it was easier for bitcoin to go from 20k to $40k. but now it is much harder for bitcoin to go from $40k to $50k or $60K.
so You are absolutely right that We should not FOMO in Bitcoin and any other altcoins.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
I don't know what are you pointing Buying or accumulating very Early because what if the person is just find out bitcoin now so when is the very early for him?
always put in mind that there is no late in investing in bitcoin , your comparison about the price per year is not appropriate because you are not pushing people to invest in bitcoin instead your post goes as fud to prevent people from buying since they are late in the part,
even you bought in 2020 or in 2022 the main objective is how strong you can hold?
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Why it does seem as if those who bought bitcoin at its early stage are at profits now because they choose to hodl their Bitcoin for a long term purpose instead of selling it for a short term. If I am not mistaken, there were some investors who bought bitcoin at its early stage and they sold their bitcoin holdings early before its price skyrocketed.
I believe that those who sold their bitcoin at its early stage won't be among those who will say, they were in profits just by hodling bitcoin. Unless they have recently started accumulating bitcoin for long term purposes that's the only way I think they will be at profits with their bitcoin investment. However, the best way to go about bitcoin investment is to hodl it for long term purposes. Whether you are buying it now, or later
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I don't care FOMO.
You should not invest in Bitcoin with the idea that you have to invest in Bitcoin or you will miss the profit. Many times, if you cannot invest after the dumping in the Bitcoin market, many people fear FOMO and invest in Bitcoin during high prices, so if the market dumps again, the investor is afraid of loss instead of profit. Therefore, without FOMO, be patient and wait for the next good time to invest in Bitcoin.
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I think Bitcoin is more dangerous for some aggressive investors who think that buying in a bull market will take a quick profit by selling it quickly. If a person buys $20,000 worth of bitcoins and sells those at this time, the amount of profit he would make and the person who is buying now may not make profit. Since there is no certainty and there is a possibility of more profit in the long term, I think those who invest patiently and hold it will gain more.
While Bitcoin is considered an asset for long-term investors, it is extremely risky for short-term investors. Bitcoin is definitely a good investment platform for those who have developed the mentality of investing but investing only for profit and quick profit will be the riskiest decision.
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I understand you, it's called "Fomo", it's quite normal, you won't believe it, most people have it. Decide on the specifics of the purchase/sale price + % on which you have to do. It's much easier that way. If you don't believe me, try it yourself. You'll be surprised how much easier it will become in your head. Так же, большую роль играет жадность. Но всему можно научиться. 8)
If the bitcoin price remains at $20K, I may experience FOMO.
While Bitcoin is considered an asset for long-term investors, it is extremely risky for short-term investors. Bitcoin is definitely a good investment platform for those who have developed the mentality of investing but investing only for profit and quick profit will be the riskiest decision.
It is possible to profit from bitcoin in the short term, but only if you are certain that its value will increase after your purchase. However, this is unlikely. Currently, market manipulators are taking advantage of this.
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If the bitcoin price remains at $20K, I may experience FOMO.
Why's that? Wait, Fomo in terms of underbought? Or Fomo for not selling x-bitcoins at the current price? Let me get this straight, because it's important. The best and most current way is always. Designate levels for yourself and buy/sell from them. No matter what the situation is, I think you understand the essence.
P.S. As always, it is better to think three times, if Fomo is taking too much. Try not to give in to greed. 8)
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
People have that mentality of waiting till the bull run is around the corner before investing, they don't know that the price of may increase as the bull run draws near and it will cost more to purchase any coin and reduces the potential profit to make.
Early investment is the best for long term holders, it is more profitable than waiting till the arrival of bull run and also there will be no time to conduct research about projects you want to invest in and investing at these times means you are investing due to the fear of missing out.
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When investors invest in long-term plans, they usually don't wait too long for the market to come down. Because their plan is long term, they do not consider it risky to invest according to the current market price. But for those who have a short-term plan in which they intend to buy bitcoins at a relatively low price and sell them after a few days, the lower the price they can buy, the better. That is, short-term investors will wait every time when the price of bitcoins will drop a lot and when they can buy and when the price of bitcoins will increase a lot when they will sell their bitcoins again. This is the difference between short-term investors and long-term investors. While everyone can invest in the short term, not everyone can invest in the long term plan and even if they do, they can't hold it for long. It is very challenging.
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When investors invest in long-term plans, they usually don't wait too long for the market to come down. Because their plan is long term, they do not consider it risky to invest according to the current market price. But for those who have a short-term plan in which they intend to buy bitcoins at a relatively low price and sell them after a few days, the lower the price they can buy, the better. That is, short-term investors will wait every time when the price of bitcoins will drop a lot and when they can buy and when the price of bitcoins will increase a lot when they will sell their bitcoins again. This is the difference between short-term investors and long-term investors. While everyone can invest in the short term, not everyone can invest in the long term plan and even if they do, they can't hold it for long. It is very challenging.
Well, I think that, whenever in each case people have Bitcoin, it means that they can have many things to do. Firstly, when you buy Bitcoin, you should think about having it in the long term for the simple fact that it is an asset that appreciates in value over time. Much more, few people have faith in this, those who have money and do not want to buy do not know that they can amass a great fortune there, I could think that every time one has the opportunity to take some bitcoin and leave it in Hodl as if If you don't have anything and leave it in a period of 10 years, wow, the pleasant surprise will be unusual, because it is expected that in a few years, those who only have 1mBTC will be able to have a great life, and they can make great things with that money, they will practically be millionaires, of course this is agouqe right now it is difficult to believe, but that will be the case.
What I think is that in a few years bitcoin will be able to reach almost 400k and then 800k, that is something that I have always kept in my mind and I know that it is possible.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
It is a very good advice but unfortunately the advice is not for everyone. There are people who will deliberately not take the advice and there are people who might not know about the advice and people who knows but cannot apply the advice. Let's highlight them;
- There are people who doesn't know about this advice.
- There are people who will join the bitcoin investment when it is already at the bull
- There are people who got good timing but there was no funds to buy then
- There are people who will not even but at all
@KingsDen, exactly what I also think. Though the advice of th OP is not bad but the truth is that life happens. Some people might have had a great plans of when to invest into Bitcoin but their financial plans can actually reverse in a way they never intended for it and by so doing, they may not have more funds to invest into Bitcoin again until the price might have sky rocket.
Although some people too are so terrible in making investment decisions, what I mean is that, some investors likes to procrastinate their investment plans meanwhile they already have the money to invest but they will keep procrastinating untill price has already become too bulish.
There was a thread I read before where the OP said that every Bitcoiner bought Bitcoin at th price they deserved. Anyone who wants to buy Bitcoin at a low price usually makes out their plans and stand by it and if they buy, they buy at the price they deserve but those that will procrastinate till price becomes high, they will still buy at the price they deserve.
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Why it does seem as if those who bought bitcoin at its early stage are at profits now because they choose to hodl their Bitcoin for a long term purpose instead of selling it for a short term. If I am not mistaken, there were some investors who bought bitcoin at its early stage and they sold their bitcoin holdings early before its price skyrocketed.
Maybe not all early stage buyers do that, but there are some or some investors who buy Bitcoin at the early stage, in the end they are not able to hold it long-term, but instead sell it when the price is still normal or has not experienced significant skyrocketing. Maybe this is sometimes due to certain factors in the investor, both internal and external factors.
There are also some who are panicking or can't wait for the Bitcoin price to experience skyrocketing or be at the point of the bullish era. so they will tend to immediately take profit even when the profit is only small. Moreover, they become increasingly panicked when the price goes down, even if little by little.
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If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Of course, people who buy at the minimum price are the ones who get the biggest profits.
But it takes a lot of money to hold if you buy at the beginning. Because we know if you buy bitcoin at $ 20,000 in 2022, how long will it be held? Until now the price of bitcoin is at $ 44,000. More than a year. For those who have free money, no problem.
but if Funds are limited, it will be a problem to hold so long. That's why many people choose daily trading to get daily profits.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Why it does seem as if those who bought bitcoin at its early stage are at profits now because they choose to hodl their Bitcoin for a long term purpose instead of selling it for a short term. If I am not mistaken, there were some investors who bought bitcoin at its early stage and they sold their bitcoin holdings early before its price skyrocketed.
People who bought Bitcoin earlier and were patient enough to hodl it till now took a very big risk and they were optimistic that their risk will yield some positive results and it actually did. I tell people that in life their are risks that are worth taking and if you take those risk and succeed everyone will call you a wiseman but they may not know the determination you had taking those risks in other to succeed. Bitcoin is an asset that is worth investing on and it's investment goals can only be achieved in a long term.
I believe that those who sold their bitcoin at its early stage won't be among those who will say, they were in profits just by hodling bitcoin. Unless they have recently started accumulating bitcoin for long term purposes that's the only way I think they will be at profits with their bitcoin investment. However, the best way to go about bitcoin investment is to hodl it for long term purposes. Whether you are buying it now, or later
One thing that hinders some investors is fear and impatient as due to fluctuations in the price of Bitcoin makes some investors to sell their coins with the believe that the market price might start dipping or sometimes it's also as a result of following too much speculations because as an investor if you follow too much speculations you might get confused. If a bitcoiner really want to experience the impact of Bitcoin investment then they actually need to buy and hodl their coin for a long interval of time.
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If the bitcoin price remains at $20K, I may experience FOMO.
Why's that? Wait, Fomo in terms of underbought? Or Fomo for not selling x-bitcoins at the current price? Let me get this straight, because it's important. The best and most current way is always. Designate levels for yourself and buy/sell from them. No matter what the situation is, I think you understand the essence.
P.S. As always, it is better to think three times, if Fomo is taking too much. Try not to give in to greed. 8)
I am sure bitcoin will not be sold at the best price. If I sell now, I will be afraid of missing the moment when the price continues to rise. In this situation, the best strategy is to sell some at a high price and buy some at a lower price. What is your opinion?
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I am sure bitcoin will not be sold at the best price. If I sell now, I will be afraid of missing the moment when the price continues to rise. In this situation, the best strategy is to sell some at a high price and buy some at a lower price. What is your opinion?
Re-read your message. Don't you think fomo is taking its toll? If that price is right for you, why not sell (minimally). But if the price does not reach your values, what will you do then? Or if you expect 60k and tomorrow it's 28k for one bitcoin. What to do?
Personally, I, sell any asset when there is an opportunity to get x2 or more, from the invested funds.
P.S. It's hard to give advice in financial matters. Make a decision so that you don't regret it later.
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Someone who is already having this fear of missing out wouldn't buy Bitcoin in the first place, he would have first clear his doubts before making an investment in bitcoin, but what comes up right after the investment had been made is the fear of missing out in which grips many right from the news feeds they hear or what other things they got exposed to, when we understand the bitcoin network well and how it works z we wouldn't mind anything others are saying that may discourage us.
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This is the time that we need to buy the BTC and hold that just for 1 year because soon BTC go high and at that time it will touch the sky. Crypto is a life-changing opportunity and this market changed so many people's lives I hope if anyone buys BTC now and holds that in the future that person will make good money.
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The mistake of some people, including beginners, is to make Fomo purchases, which makes them inconvenient because they are unable to deal with the pressure they have.
We know the current conditions with the movement of bitcoin which is increasingly recognized to make a lot of new people in bitcoin just because they follow the existing trends and sometimes things like this are considered as a way for them to look slang (happened in my country) but they don't see the important point here because they only try to do that but don't want to learn bitcoin so that purchases are based on following along without any clear learning for them.
This is what makes things dangerous because they are like buying something without knowing what they are buying and not knowing the risks they have to face.
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But if the price does not reach your values, what will you do then? Or if you expect 60k and tomorrow it's 28k for one bitcoin. What to do?
Personally, I, sell any asset when there is an opportunity to get x2 or more, from the invested funds.
P.S. It's hard to give advice in financial matters. Make a decision so that you don't regret it later.
It will be sad. However, if bitcoin reaches $100K tomorrow and I sell at $50, I will also experience FOMO. The key takeaway is that constantly dwelling on missed profits is unlikely to prevent the feeling of FOMO. It is better to accept failures calmly and continue towards your goal.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
I would like to rephrase this to "Accumulate during the bear market. Don't buy during the bull run, but sell at that time instead."
Those who risked their money investing during the bear market in 2022 are the ones who have the most profit as of this moment. I still remember a user on Bitcointalk who shared his story (don't know if made up or not), but to cut the story short, he sold all of his property and used the money to buy Bitcoin. When did he do it? When Bitcoin is below $20,000. Just imagine how much profit that user has right now. I just hope that he didn't sell his Bitcoins when the price of it was at $35,000-$40,000.
I only have one strategy right now. When bears are ruling, buy. When bulls are ruling, sell. Simple as that. :D
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It will be sad. However, if bitcoin reaches $100K tomorrow and I sell at $50, I will also experience FOMO. The key takeaway is that constantly dwelling on missed profits is unlikely to prevent the feeling of FOMO. It is better to accept failures calmly and continue towards your goal.
Have you seen the manipulation yet? I mean, what happened last night. That was something. If the SEC says something negative about bitcoin tomorrow. I think you can see what will happen on the chart.
P.S. No, that doesn't mean it will happen. I don't know anything. I'm just speculating, I don't want to confuse you. The market, alas, is very volatile. What to say when 1 person can make +10/-10% in an instant. The final decision is yours alone. That's the market, everyone makes the decision they think is best. 8)
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
The advice is good but the problem is how we can determine the lowest low of the price, how we can anticipate and take advantage in this situation since we didn't know exactly what will happen next to the price of Bitcoin?
That might be the very concern to many, but for us to know, we can really analyze the market. Because of indicators, price actions, fundamentals, and etc., we can tell what is currently happening to the market base on the previous data, and this will help us to make a better decisions in the market.
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But if the price does not reach your values, what will you do then? Or if you expect 60k and tomorrow it's 28k for one bitcoin. What to do?
Personally, I, sell any asset when there is an opportunity to get x2 or more, from the invested funds.
P.S. It's hard to give advice in financial matters. Make a decision so that you don't regret it later.
It will be sad. However, if bitcoin reaches $100K tomorrow and I sell at $50, I will also experience FOMO. The key takeaway is that constantly dwelling on missed profits is unlikely to prevent the feeling of FOMO. It is better to accept failures calmly and continue towards your goal.
What must be understood is that after all investment is about a profit opportunity and the risk of loss, I understand that all investors come to get a profit but it will not be that easy, there are obstacles and there is a process too, as I said that the profit opportunity is real but the possibility of risk cannot be completely avoided, and if you have excessive fear of the possibility of risk then it is clearly better that you do not get involved in accumulation. No one can predict the future regarding where the next bitcoin price will go whether it will match the target you want or even vice versa, all of this is beyond capacity and there is no other way we can do as investors other than always maintaining good risk management to minimize any unwanted possibilities and stick to our best plans. On the other hand as you said it is true that if we constantly think of lost profits then obviously the feeling of FOMO will continue to haunt the mind, so if your goal is to profit then you also have to deal with the risk of loss.
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I don't know but the Subject is somehow not directly relating to your post OP but its good .
I will just add this, if everyone could read the market chart then market entry would have just been so easier but investment does require knowing alot of skills to reading charts but can be acquired along .
However, people should really consider FOMO at this period because its actually the right time to accumulate before halving though the price might not hike immediately but We should be prepared
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That might be the very concern to many, but for us to know, we can really analyze the market. Because of indicators, price actions, fundamentals, and etc., we can tell what is currently happening to the market base on the previous data, and this will help us to make a better decisions in the market.
Yes, with the help of these indicators, you can determine when to enter and when to exit the market.
Many indicators can be used and combined to predict prices that will occur later.
It will not be 100% accurate, but it will tell you what the price picture will look like in the future.
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Yes, with the help of these indicators, you can determine when to enter and when to exit the market.
Many indicators can be used and combined to predict prices that will occur later.
It will not be 100% accurate, but it will tell you what the price picture will look like in the future.
Sure. There are many indicators to determine the entry (buy) and exit (sell). But these indicators only increase the chance to get the best time for both entry and exit, there is no guarantee that the indicators to give the exact results. However, when we use the indicators, we already do the right way. Although they are not 100% accurate, but they must be very helpful. It is much better than we do it without any approach and with no indicators. ;)
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No doubt an advantage for early adoptors and investors but for the sake of buying nowadays, I think it does not matter if you bought at a specific price or not but what's important here is you got Bitcoin and possibly will reap profits in the future if price goes up. Please donot FOMO just accumulate as much as you can using DCA.
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No doubt an advantage for early adoptors and investors but for the sake of buying nowadays, I think it does not matter if you bought at a specific price or not but what's important here is you got Bitcoin and possibly will reap profits in the future if price goes up. Please donot FOMO just accumulate as much as you can using DCA.
If bitcoin exists (at its peak price) for quite some time, will DCA help much? This strategy works when the price +/- is at -30-40% of its peak.
Anyway, who's in the mood? I'm referring to current news about ETFs. Does anyone have any FOMO on lost profits? Really curious, not trying to hurt anyone's feelings.
P.S. If there is positive news, will you buy at current prices? Or will you expect a decline? :o
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No doubt an advantage for early adoptors and investors but for the sake of buying nowadays, I think it does not matter if you bought at a specific price or not but what's important here is you got Bitcoin and possibly will reap profits in the future if price goes up. Please donot FOMO just accumulate as much as you can using DCA.
Yes, it's true that the important thing is that we don't have FOMO when accumulating. Accumulate slowly with cold money and with the method most widely used by long-term investors, namely DCA. And today the price of bitcoin has touched 49k and maybe it will be higher next week. And for those who have been doing DCA since prices were still not high, today everyone can smile broadly. But for those who are still in the accumulation stage. So do it with more careful consideration and don't use hot money because this will only make us uneasy while holding the bitcoins that we have bought. only use money that is ready if you have to lose so that we remain calm wherever the price goes. And the bullrun has actually just started so there are still lots of opportunities and corrections will definitely occur so just be patient. But don't expect a big correction in the bull run market. Only small corrections are possible. Dwyor
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Sure. There are many indicators to determine the entry (buy) and exit (sell). But these indicators only increase the chance to get the best time for both entry and exit, there is no guarantee that the indicators to give the exact results. However, when we use the indicators, we already do the right way. Although they are not 100% accurate, but they must be very helpful. It is much better than we do it without any approach and with no indicators. ;)
The use of indicators in trading teaches us that everything will relate to data that has existed in the past and not only my technicals, but fundamentals will be very influential and will match technical analysis.
Although there is no 100% guarantee, it will relate to the probability that will occur or the chance that the price will be reached as predicted using the indicator.
A person does not even use any indicators to make predictions, only using their feelings, such as guesswork.
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Sure. There are many indicators to determine the entry (buy) and exit (sell). But these indicators only increase the chance to get the best time for both entry and exit, there is no guarantee that the indicators to give the exact results. However, when we use the indicators, we already do the right way. Although they are not 100% accurate, but they must be very helpful. It is much better than we do it without any approach and with no indicators. ;)
The use of indicators in trading teaches us that everything will relate to data that has existed in the past and not only my technicals, but fundamentals will be very influential and will match technical analysis.
Although there is no 100% guarantee, it will relate to the probability that will occur or the chance that the price will be reached as predicted using the indicator.
A person does not even use any indicators to make predictions, only using their feelings, such as guesswork.
I stopped using indicators because I don't trust it rather I even place trade as a newbie but with more technical analysis .I don't use indicators doesn't mean I do a guess trade so there're different strategy of trading and everyone is free to use any of which is best comfortable with
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If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin
2022 very early , i'll talk about investor since 2015.
If those who understand cryptocurrency since 2015 onwards, will definitely have a lot of Bitcoin.
They are people who are patient with Bitcoin trading and of course they are also lucky investors.
Maybe here on the Altcoinstalks forum there are lots of members who have lots of Bitcoin but they just keep quiet.
They are also not immune to FOMO or Hive about Bitcoin and they also always ignore the news blah blah blah about Bitcoin, they are now definitely enjoying a holiday with hundreds of Bitcoins in their wallet.
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I stopped using indicators because I don't trust it rather I even place trade as a newbie but with more technical analysis .I don't use indicators doesn't mean I do a guess trade so there're different strategy of trading and everyone is free to use any of which is best comfortable with
Yes, everyone is free to want to use any way of trading. Using indicators or not is your choice, but by default indicators are a reference for analyzing the market, without indicators no analysis is presented.
Indicators are included in technical analysis and some popular indicators such as MACD, RSI it will be very useful to see how the market moves whether the market is saturated enough or not.
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It's hard for me to differentiate between FOMO and my own peace when buying Bitcoin because the FOMO from Bitcoin is so very strong.
Many members on this forum are very interested in being carried away by the flow of FOMO, including myself, but unfortunately I can't buy Bitcoin because I don't have the money.
Maybe the best way is not to buy Bitcoin because it's better for me to look for Bitcoin with my expertise in the Altcoinstalks forum, as I said, if women choose to buy Bitcoin, maybe for them it's better to buy "make up" or whatever they need for the household. ;D ;D
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It's hard for me to differentiate between FOMO and my own peace when buying Bitcoin because the FOMO from Bitcoin is so very strong.
Many members on this forum are very interested in being carried away by the flow of FOMO, including myself, but unfortunately I can't buy Bitcoin because I don't have the money.
Maybe the best way is not to buy Bitcoin because it's better for me to look for Bitcoin with my expertise in the Altcoinstalks forum, as I said, if women choose to buy Bitcoin, maybe for them it's better to buy "make up" or whatever they need for the household. ;D ;D
Actually in this case if they are old people must be aware that at least regardless of fomo or not they know they are in a good situation because after all when we buy bitcoin then indirectly we have also learned a lot over time but on the other hand for those who are only based on others (because buying only sees others succeed) and expect more expectations from the first purchase without learning anything that is what I think is a little difficult to accept.
Many beginners have great expectations but end up with disappointment because they cannot balance what is done in buying bitcoin with learning that actually must be prioritised before buying so that not a few consider this to be fraud because of the wrong way of looking at bitcoin from the start.
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Sure. There are many indicators to determine the entry (buy) and exit (sell). But these indicators only increase the chance to get the best time for both entry and exit, there is no guarantee that the indicators to give the exact results. However, when we use the indicators, we already do the right way. Although they are not 100% accurate, but they must be very helpful. It is much better than we do it without any approach and with no indicators. ;)
The use of indicators in trading teaches us that everything will relate to data that has existed in the past and not only my technicals, but fundamentals will be very influential and will match technical analysis.
Although there is no 100% guarantee, it will relate to the probability that will occur or the chance that the price will be reached as predicted using the indicator.
A person does not even use any indicators to make predictions, only using their feelings, such as guesswork.
I stopped using indicators because I don't trust it rather I even place trade as a newbie but with more technical analysis .I don't use indicators doesn't mean I do a guess trade so there're different strategy of trading and everyone is free to use any of which is best comfortable with
There are even naked chart traders, they don't have any indicators and they just watch the candlesticks and imagine the pattern. Indicators are always lagging, but if correctly used they guide you to a higher chance of winning a trade. An indicator is a tool like a calculator that you can easily use to calculate how the market goes so if you don't properly use it, it will show false information. Traders are different, so we should respect if others do not use indicators like you and let them do their best on trading.
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It's hard for me to differentiate between FOMO and my own peace when buying Bitcoin because the FOMO from Bitcoin is so very strong.
Many members on this forum are very interested in being carried away by the flow of FOMO, including myself, but unfortunately I can't buy Bitcoin because I don't have the money.
Maybe the best way is not to buy Bitcoin because it's better for me to look for Bitcoin with my expertise in the Altcoinstalks forum, as I said, if women choose to buy Bitcoin, maybe for them it's better to buy "make up" or whatever they need for the household. ;D ;D
Well, it's not really difficult to invest in Bitcoin without giving attention to the fear of missing out. You only need to start on time to accumulate your bitcoin using the dollar-coil averaging strategy. What makes some people invest in Bitcoin because of FOMO is simply because some investors will keep procrastinating their investment until the price has started increasing so quickly.
If you want to have peace of mind investing in Bitcoin, you should start to invest on time, buy every dip you can witness, and also invest just the amount that you can probably hold for a long time.
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Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
It is not the wrong way in Bitcoin investment but it is not the best way to optimize the chance for the profits. The best way is to buy Bitcoin in the bearish season, buy when the Bitcoin price is in the bottom rate. If we buy the Bitcoin in 2022, we must get many Bitcoin because the price was very cheap. But if we buy now, the price of Bitcoin already increased a lot, we have no chance to buy Bitcoin below $420k anymore.
However, if we buy now, we won't hold the Bitcoin for a long time. We may just hold the Bitcoin for few months or around a year. Then, it is very likely that we will have bullrun season.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Many people just happen to know about bitcoin or have a plan to buy it the moment they see the market price going up, and it's making headlines on all news sites and social media. But for such people, I don't see them as those who qualify to be called investors, as many of them are just there to see what they can achieve from the market in a short period of time.
And aside from the profit part, many who buy on FOMO and don't plan to hold for long always end up losing some of their investment as a result of the price picking a reverse and won't return so quickly, which means those who are not patient will sell off before market correction.
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Many people just happen to know about bitcoin or have a plan to buy it the moment they see the market price going up, and it's making headlines on all news sites and social media. But for such people, I don't see them as those who qualify to be called investors, as many of them are just there to see what they can achieve from the market in a short period of time.
I don't understand what you mean when you said they don't qualify to be called investors. Being an investor simply means that you have invested your money in cryptocurrencies, regardless of how long you plan to hold your investment or sell it once you make a profit. Once you start investing, you become an investor, even if you were only influenced by others or invested because the price of Bitcoin suddenly increased. In the crypto space, anyone who invests their money in cryptocurrencies is considered an investor.
And aside from the profit part, many who buy on FOMO and don't plan to hold for long always end up losing some of their investment as a result of the price picking a reverse and won't return so quickly, which means those who are not patient will sell off before market correction.
That's because those people who invest in Bitcoin don't have enough knowledge about it. They are easily influenced by others and take a chance to make a profit. Some people only prefer to invest one after another in various types of investment opportunities in order to make a profit or to explore other investment possibilities.
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I don't understand what you mean when you said they don't qualify to be called investors
I think she's trying to say a they aren't good investor, anybody who invest either short-term or long-term is an investor and he/she is entitled to benefits enjoyed by the long term investor, besides some of them might even make more profit than those holding depending on their market analysis overview and entry point . Thus they are still bad investors because in BTC we deal with future occurrence in term of investment and the best way to stay in profit is to hold for a longer period of time
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Many people just happen to know about bitcoin or have a plan to buy it the moment they see the market price going up, and it's making headlines on all news sites and social media. But for such people, I don't see them as those who qualify to be called investors, as many of them are just there to see what they can achieve from the market in a short period of time.
And aside from the profit part, many who buy on FOMO and don't plan to hold for long always end up losing some of their investment as a result of the price picking a reverse and won't return so quickly, which means those who are not patient will sell off before market correction.
That's the context of the title OP made because it's a FOMO where they just want to buy because the progress looks good without learning about what they're buying which makes it difficult for themselves.
Situations like this always happen to new people who are in the crypto space which makes it even more difficult for them because in the end there is no readiness from themselves because they only enter crypto for false profits because they don't know how crypto works.
Therefore, it is important for us not to follow that way. being in bitcoin can make this a good position but on the contrary being here can also kill yourself with uncertain expectations when you don't know how it works.
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I don't understand what you mean when you said they don't qualify to be called investors
I think she's trying to say a they aren't good investor, anybody who invest either short-term or long-term is an investor and he/she is entitled to benefits enjoyed by the long term investor, besides some of them might even make more profit than those holding depending on their market analysis overview and entry point . Thus they are still bad investors because in BTC we deal with future occurrence in term of investment and the best way to stay in profit is to hold for a longer period of time
Yes, maybe that's the case. The definition for him of a good investor maybe if you are loyal to the investment. You have to watch it for a long time to be defined as a good investor but it is an incorrect point of view. An investor has the choice of what investment they will make and when they plan to invest. Besides, it's their money to begin with.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Absolutely right i also know many people who bought Bitcoin when it’s price was very low near about $3k. And now Bitcoin price is near about $43k still they are buying Bitcoin. And they huge profited. So it is true that what ever Price of Bitcoin always people will buy Bitcoin.
I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon. Then i will get huge profit. And i also know that when Bitcoin price will more up even $100k and then also people will buy there has no doubt
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I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin.
Because I think Bull session coming soon, Then I will get huge profit And I also know that when Bitcoin price will more up even $100k and then also people will buy there has no doubt
Luckily you were able to buy Bitcoin at $3.2k, I didn't even have any money when Bitcoin crashed to $3k, it was the lowest price and if you can hold it to date you are great, having the ability to hold long term without disrupting your portfolio.
Buying and continuing to accumulate Bitcoin will not make you lose anything, when the price has risen 10x more than the initial price you buy only the profit you will see.
Especially if the price reaches the new ATH at $100k, this will be the biggest profit.
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I don't understand what you mean when you said they don't qualify to be called investors
I think she's trying to say a they aren't good investor, anybody who invest either short-term or long-term is an investor and he/she is entitled to benefits enjoyed by the long term investor, besides some of them might even make more profit than those holding depending on their market analysis overview and entry point . Thus they are still bad investors because in BTC we deal with future occurrence in term of investment and the best way to stay in profit is to hold for a longer period of time
Yes, maybe that's the case. The definition for him of a good investor maybe if you are loyal to the investment. You have to watch it for a long time to be defined as a good investor but it is an incorrect point of view. An investor has the choice of what investment they will make and when they plan to invest. Besides, it's their money to begin with.
As an investor, you can do whatever you want to do and are not bound by other people's circumstances, everything is governed by your own wishes and of course the analysis has been done well. So not all long-term investments can be considered better than short-term and you can say that as an investor, both are the same, the only difference is the actions taken and it is certain that whatever is done is definitely the best and no one wants to suffer losses due to the actions taken. agree with you that each investor will have his own choice in making investments, because he is the one who regulates himself because the funds are with him.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Absolutely right i also know many people who bought Bitcoin when it’s price was very low near about $3k. And now Bitcoin price is near about $43k still they are buying Bitcoin. And they huge profited. So it is true that what ever Price of Bitcoin always people will buy Bitcoin.
I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon. Then i will get huge profit. And i also know that when Bitcoin price will more up even $100k and then also people will buy there has no doubt
In fact, usually when the price of bitcoin reaches its new ATH, it is always followed by bigger purchases from people with FOMO. And we as long-term investors must be able to control ourselves at that time. Because it would be better if we accumulate when a correction occurs. Because even in a bullish market, a correction still occurs at least once a week.
The most important thing is that when we accumulate, only use money that is truly prepared for long-term investment and not money that we actually still need for daily needs.
DCA doesn't actually care what the price is now. Because the goal is long term. That is for the next 5 or 10 years.
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I don't understand what you mean when you said they don't qualify to be called investors
I think she's trying to say a they aren't good investor, anybody who invest either short-term or long-term is an investor and he/she is entitled to benefits enjoyed by the long term investor, besides some of them might even make more profit than those holding depending on their market analysis overview and entry point . Thus they are still bad investors because in BTC we deal with future occurrence in term of investment and the best way to stay in profit is to hold for a longer period of time
Yes, maybe that's the case. The definition for him of a good investor maybe if you are loyal to the investment. You have to watch it for a long time to be defined as a good investor but it is an incorrect point of view. An investor has the choice of what investment they will make and when they plan to invest. Besides, it's their money to begin with.
As an investor, you can do whatever you want to do and are not bound by other people's circumstances, everything is governed by your own wishes and of course the analysis has been done well. So not all long-term investments can be considered better than short-term and you can say that as an investor, both are the same, the only difference is the actions taken and it is certain that whatever is done is definitely the best and no one wants to suffer losses due to the actions taken. agree with you that each investor will have his own choice in making investments, because he is the one who regulates himself because the funds are with him.
That's why I am wondering how the new investors or seasonal investors, who only invest money when the Bitcoin price rallies, are being labeled as not real investors. But in reality, they are more likely to be the ones to make a profit. This is because they aim to sell early after making a profit to guarantee their gains. Even if they make a profit with a small percentage, the goal is to continue to gain as it will be profitable in the long run. This approach is better than those who wait for the highest price and end up being unable to sell.
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That's why I am wondering how the new investors or seasonal investors, who only invest money when the Bitcoin price rallies, are being labeled as not real investors. But in reality, they are more likely to be the ones to make a profit. This is because they aim to sell early after making a profit to guarantee their gains. Even if they make a profit with a small percentage, the goal is to continue to gain as it will be profitable in the long run. This approach is better than those who wait for the highest price and end up being unable to sell.
There will always be good and bad sides to every step that is taken. The profits may be small or large because the intentions carried out may be different because everyone does it in a situation that is considered the best.
All investments made, whether they are made for the first time or just looking for a moment, should still be said to be made by investors because they have placed their funds for the purpose of making a profit, where all investors' main goal is to make a profit.
I think you are right. Why wait for the highest price when you can't make a profit because of wrong analysis? It's better to get a little but consistent and continuous profit. For this reason, always continue to analyze well at all times so that we don't miss the moment we are waiting for, whether short- or long-term.
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I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon. Then i will get huge profit. And i also know that when Bitcoin price will more up even $100k and then also people will buy there has no doubt
Is it true you bought Bitcoin at $3,200? Or you bought Bitcoin at $32,000?
I can't believe how much you can earn money now if you bought the Bitcoin at $3,200. You are very lucky because you will have the chance to be a rich person. :)
I honestly don't know whether Bitcoin really can achieve $100,000 or not. It is very difficult to predict how far Bitcoin price to grow in this bullish season.
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I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon.
Is it true you bought Bitcoin at $3,200? Or you bought Bitcoin at $32,000?
I can't believe how much you can earn money now if you bought the Bitcoin at $3,200. You are very lucky because you will have the chance to be a rich person. :)
If this is true, this is the power of holding. Maybe there are quite a few of us who are still secretly saving the Bitcoins they bought when the price rate was still low. or even there are still some parties who still hold their Bitcoin since Bitcoin is still considered nothing. and maybe we can't imagine how much profit they can get compared to the bullish era of 2021 or the bullish era in the future.
And now it really depends on us personally whether we have started to hold on or are just delaying time. because what we get in the future also depends on what we decide today.
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If this is true, this is the power of holding. Maybe there are quite a few of us who are still secretly saving the Bitcoins they bought when the price rate was still low. or even there are still some parties who still hold their Bitcoin since Bitcoin is still considered nothing. and maybe we can't imagine how much profit they can get compared to the bullish era of 2021 or the bullish era in the future.
And now it really depends on us personally whether we have started to hold on or are just delaying time. because what we get in the future also depends on what we decide today.
I cannot tell about the old holders on this forum, but I know of a few old Bitcoin holders on the Bitcointalk forum who bought Bitcoin back in 2012 and 2013, and they said they are still holding up to date. I think that to be able to hold one's Bitcoin investment for a long time, the investor must also have other sustainable sources of income that generate steady income for them. I believe that the old Bitcoin holder that I know has some other investments, and that's why they are not in a rush to yet sell their Bitcoin. There are also other Bitcoiners who had the opportunity to buy Bitcoin when the price was still $1, but ended up selling when the price got above $10, probably because they actually needed the money or they had a short vision about Bitcoin.
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I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon.
Is it true you bought Bitcoin at $3,200? Or you bought Bitcoin at $32,000?
I can't believe how much you can earn money now if you bought the Bitcoin at $3,200. You are very lucky because you will have the chance to be a rich person. :)
If this is true, this is the power of holding. Maybe there are quite a few of us who are still secretly saving the Bitcoins they bought when the price rate was still low. or even there are still some parties who still hold their Bitcoin since Bitcoin is still considered nothing. and maybe we can't imagine how much profit they can get compared to the bullish era of 2021 or the bullish era in the future.
And now it really depends on us personally whether we have started to hold on or are just delaying time. because what we get in the future also depends on what we decide today.
Yes this is possible, but however it is hard to believe that people have maintained bitcoin so far and also the problem is that most people will not really believe or be sure about the potential of bitcoin in the future when we talk 5 - 10 years back which means not everyone will be able to know and maybe only a small percentage of people, and also in my opinion for those who can maintain their bitcoin until it can finally reach the highest price it is most likely due to accident, whether it forgets or whatever and when bitcoin starts to be popular which then makes them remember that they bought it a few years ago, and obviously on the other hand if you buy at 3. 200 then that means as our friend said above that they have the opportunity to become rich.
On the other hand, I agree with your statement that everything that will happen in the future always depends on what we do today.
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I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon.
Is it true you bought Bitcoin at $3,200? Or you bought Bitcoin at $32,000?
I can't believe how much you can earn money now if you bought the Bitcoin at $3,200. You are very lucky because you will have the chance to be a rich person. :)
If this is true, this is the power of holding. Maybe there are quite a few of us who are still secretly saving the Bitcoins they bought when the price rate was still low. or even there are still some parties who still hold their Bitcoin since Bitcoin is still considered nothing. and maybe we can't imagine how much profit they can get compared to the bullish era of 2021 or the bullish era in the future.
And now it really depends on us personally whether we have started to hold on or are just delaying time. because what we get in the future also depends on what we decide today.
Yes this is possible, but however it is hard to believe that people have maintained bitcoin so far and also the problem is that most people will not really believe or be sure about the potential of bitcoin in the future when we talk 5 - 10 years back which means not everyone will be able to know and maybe only a small percentage of people, and also in my opinion for those who can maintain their bitcoin until it can finally reach the highest price it is most likely due to accident, whether it forgets or whatever and when bitcoin starts to be popular which then makes them remember that they bought it a few years ago, and obviously on the other hand if you buy at 3. 200 then that means as our friend said above that they have the opportunity to become rich.
On the other hand, I agree with your statement that everything that will happen in the future always depends on what we do today.
There are several important points related to the journey of Bitcoin and crypto investment in general. It's true that adoption and understanding of Bitcoin's potential haven't always kept pace. Some people may have a long-term view, while others may only see it as a short-term investment. Understanding the potential and risks of crypto investment is important. Long-term success can depend on awareness, understanding, and decisions made now. For many people, maintaining long-term investments can require discipline and confidence in blockchain technology and the value of crypto assets. Stay on top of developments in the crypto world, and don't hesitate to adjust your investment strategy according to changing market conditions and your financial goals. As you say, what we do today can shape the future of our investments.
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I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon. Then i will get huge profit. And i also know that when Bitcoin price will more up even $100k and then also people will buy there has no doubt
Is it true you bought Bitcoin at $3,200? Or you bought Bitcoin at $32,000?
I can't believe how much you can earn money now if you bought the Bitcoin at $3,200. You are very lucky because you will have the chance to be a rich person. :)
I honestly don't know whether Bitcoin really can achieve $100,000 or not. It is very difficult to predict how far Bitcoin price to grow in this bullish season.
Brother i was bought Bitcoin It's price was $3.2k not $32k. Actually i was bought Very low price but i couldn’t able to hold it for long time. When Bitcoin price hit $6k then i sold it for my emergency need.
And you can think that bitcoin price will touch $100k in future bull session i strongly believe it. Till now Bitcoin ATH is $69k in the year of 2021.I think within 2025 Bitcoin price will hit new ATH whicj will minimum $100k. Actually people Don't afraid to invest on Bitcoin whatever it’s price because they know bitcoin price will increase today or tomorrow.
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Brother i was bought Bitcoin It's price was $3.2k not $32k. Actually i was bought Very low price but i couldn’t able to hold it for long time. When Bitcoin price hit $6k then i sold it for my emergency need.
I sympathize with you because your investment was at the right time, maybe you couldn't hold onto your bitcoins for your emergency needs. Actually I also invested at the right time but due to special needs of my family I also had to sell bitcoins. Those who managed to invest and hold at the right time became grainers. I invested in bitcoin in bloody chapter 2022 at the rate of 18000 dollars but when bitcoin increased to 25 thousand dollars I sold all my bitcoins and started a small business. If you had not done this business for me, if I had kept my bitcoin holdings, I would have tripled my profit potential.
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Brother i was bought Bitcoin It's price was $3.2k not $32k. Actually i was bought Very low price but i couldn’t able to hold it for long time. When Bitcoin price hit $6k then i sold it for my emergency need.
I sympathize with you because your investment was at the right time, maybe you couldn't hold onto your bitcoins for your emergency needs. Actually I also invested at the right time but due to special needs of my family I also had to sell bitcoins. Those who managed to invest and hold at the right time became grainers. I invested in bitcoin in bloody chapter 2022 at the rate of 18000 dollars but when bitcoin increased to 25 thousand dollars I sold all my bitcoins and started a small business. If you had not done this business for me, if I had kept my bitcoin holdings, I would have tripled my profit potential.
No use regretting because you couldn't hold on to your investment. There are many investors like you who invested in bloodier markets than you and sold when the market went up a bit. I don't know about your financial status but I can always say middle class people can't hold investments for long. Bitcoin investment is best for those who want to invest and never look back. But since you sold bitcoins to trade, I won't feel too sorry for you. Focus on your business and return on investment using the DCA method with earnings from the business hopefully your investment will grow and hold.
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Brother i was bought Bitcoin It's price was $3.2k not $32k. Actually i was bought Very low price but i couldn’t able to hold it for long time. When Bitcoin price hit $6k then i sold it for my emergency need.
It's fantastic, if you still hold until now.
Unfortunately you have sold it.
If you hold it until now and until bullish next year, you will be rich.
I agree the opinions that said investing is hold for long term if we want to be rich.
No use regretting because you couldn't hold on to your investment. There are many investors like you who invested in bloodier markets than you and sold when the market went up a bit. I don't know about your financial status but I can always say middle class people can't hold investments for long.
Financial is important, but there are greed and fear in crypto investment.
Sometimes when our asset goes up, we feel fear if suddenly down.
But it's better than greed.
Greed is very dangerous if you don't have proper analysis and predictions
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Fatal mistake made by many investor when investing in bitcoin with hype or fomo moment, actually when fomo or positive news is time for selling bitcoin not investing and buy back later when bad news or after fomo have been over. Right now need to change strategies or technique when investing in bitcoin don't get panic when every one buy bitcoin on the hype moment and we are allowing with their step.
Brother i was bought Bitcoin It's price was $3.2k not $32k. Actually i was bought Very low price but i couldn’t able to hold it for long time. When Bitcoin price hit $6k then i sold it for my emergency need.
I don't think have to disappointed when selling bitcoin have earn much profitable, don't imagine what happen later still hold the bitcoin investment assets maybe you forget what have do you bough from profitable earn after selling bitcoin. Make the most expensive experience to buy back later when bitcoin going drop and not in disappointed moment after selling bitcoin on lower price.
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Fatal mistake made by many investor when investing in bitcoin with hype or fomo moment, actually when fomo or positive news is time for selling bitcoin not investing and buy back later when bad news or after fomo have been over. Right now need to change strategies or technique when investing in bitcoin don't get panic when every one buy bitcoin on the hype moment and we are allowing with their step
For long term hodlers this is not an issue because whatever trend will come it cannot affect the holdings unless the hodler has weak hands. One strategy that also do not care about FOMO is the DCA thing as it is safer than buying and selling indiscriminately that might end us up making wrong decisions.
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For long term hodlers this is not an issue because whatever trend will come it cannot affect the holdings unless the hodler has weak hands.
You are right; long-term investors don't face disadvantage or loss even if they purchase Bitcoin because of FOMO, but the people that mostly fall victim to such investments are newbies because they don't have very good knowledge about Bitcoin, so they believe that they can just buy, hold for a short time, and sell to take profit. They don't realize how volatile the market can be and that their investment may not be profitable when they want to sell. In conclusion, I feel this kind of advice is more recommended for crypto newbies.
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For long term hodlers this is not an issue because whatever trend will come it cannot affect the holdings unless the hodler has weak hands.
You are right; long-term investors don't face disadvantage or loss even if they purchase Bitcoin because of FOMO, but the people that mostly fall victim to such investments are newbies because they don't have very good knowledge about Bitcoin, so they believe that they can just buy, hold for a short time, and sell to take profit. They don't realize how volatile the market can be and that their investment may not be profitable when they want to sell. In conclusion, I feel this kind of advice is more recommended for crypto newbies.
A lot of newbies try to ignore crypto advice from other people. This is because they don't have trust in other people when it comes to their investment. However, whenever they see someone making money whatever the situation of the market, they always experience FOMO and feel to invest to make a profit. This is when they make mistakes as they realize the importance of understanding the advice of others and applying it to future investments. It is through these mistakes that they can learn and make better investment decisions in the future.
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There are several important points related to the journey of Bitcoin and crypto investment in general. It's true that adoption and understanding of Bitcoin's potential haven't always kept pace. Some people may have a long-term view, while others may only see it as a short-term investment. Understanding the potential and risks of crypto investment is important. Long-term success can depend on awareness, understanding, and decisions made now. For many people, maintaining long-term investments can require discipline and confidence in blockchain technology and the value of crypto assets. Stay on top of developments in the crypto world, and don't hesitate to adjust your investment strategy according to changing market conditions and your financial goals. As you say, what we do today can shape the future of our investments.
⚠️ Publishing text written by an AI bot is a type of plagiarism. Anyone who is interested in the bot’s opinion can ask the bot a question himself, so there is no need to publish the bot’s texts on the forum.
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Many newbies tend to ignore crypto advice given by othe. This is because they may lack trust in others when it comes to their investment decisions. However, when they see someone else making money despite the market's current situation, they may experience FOMO and feel tempted to invest. Only when they make mistakes will they realize the importance of understanding the advice of others and applying it to future investments. It is through these mistakes that they can learn and make better investment decisions in the future.
Yep , newbies will learn from their mistakes, they will make better investment decisions at the coming future.
I think It's nature, if tend to ignore crypto advice given by others.
Because It's about money, they didn't believe or confident to others.
But for newbies, don't buy bitcoin only because of FOMO.
start to learn about bitcoin, opportunity and prediction.
Better to see what other do, if they have long experience.
Be respect..
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
Any investor who is buying because due to FOMO will surely get into trouble with their investment one day because they don't know what the investment is all about. If they do, they won’t buy at that time. However, the bitcoin price will be at least a little high, so all these investors rushing to buy at that time won’t get a profit like people who buy early when the price is very low. That is how the investment is supposed to work. We should accumulate early so that when the bull market comes, we will sell and get a huge return.
However, most of the time, this mistake is common among newbie investors who have recently joined the crypto market and are not ready to take the risk of the investment they want to make. They are scared of living their hard-earned money in there or thinking it will crash or lose their money due to the risk that is attached, so they want to be waiting until they remain days in the bull market, which is when they start thinking of buying bitcoin and store it, which is not alright that way. Although some of them didn’t have the knowledge.
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Bitcoin being the world first and leading crypto currency in the market has in time passed proven it's a trust worthy coin for investment. This alone is enough fact to boost our confident in the project. Those who bought Bitcoin earlier and never gave up the coin, tend to have more profit from it than those wattin for a dip to buy. Beside since it was launched, majority of the trend it has is the bull run and this can be confirmed from the market price.
From it price worth less than a dollar to $42k and we are still expecting more baes on the concept of scarcity. Isn't this wonderful? If you are still processing on buying, you are only doing yourself no good because, you'll miss opportunities to buy at lower price. So there is no better time in buying Bitcoin than now. Tomorrow's price might be higher than today so grab every opportunity you have right in front of you before it vanishes.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Agreed, we should accumuate bitcoin and altcoin very early, don't to be late.
Because soon we will see the bitcoin halving, it is estimated that the price will rise after the halving.
Before going up, try to add to our coin collection.
It' a good time to buy bitcoin.
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...//:::so grab every opportunity you have right in front of you before it vanishes.
Hi,
ehh!...
... Well, your comment was a bit accelerated, a brainstorm about bitcoin to say that buying today is the right time, tomorrow is too late, and that phrase is repeated every day, someone would say, that's not DCA...! ;)
Now, the only thing we cannot agree on is that bitcoin is going to disappear.(vanishes)
I don't think it will happen.
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Now, the only thing we cannot agree on is that bitcoin is going to disappear.(vanishes)
I don't think it will happen.
I can see that you, based on the way I arranged the istatement it, you are misunderstanding me. What I actually meant is, grab every opportunity now I buying at this price before the price increase leaving this current one as the lowest before the halving. Because I have heard some person saying, they'll wait for more dip before they buy Bitcoin, forgetting that they cannot always give 100% prediction of the price movement.
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FOMO(Fear of Missing Out)
This is very important especially for new investors that we have to invest before the market price rises and they invest too quickly without thinking and later face huge losses.
Fear of Missing Out is an important aspect of investing that an investor cannot afford to risk. Investments should be made independently and according to own research. If he hastily invests without doing enough research on an investment in any market, then that investment will definitely turn into a risky investment later.
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FOMO(Fear of Missing Out)
This is very important especially for new investors that we have to invest before the market price rises and they invest too quickly without thinking and later face huge losses.
Fear of Missing Out is an important aspect of investing that an investor cannot afford to risk. Investments should be made independently and according to own research. If he hastily invests without doing enough research on an investment in any market, then that investment will definitely turn into a risky investment later.
Hey guys, you seem too rigid and don't blend into this thread.
We all already know about FOMO, and you don't need to explain it in detail.
Here we discuss how purchases are affected by FOMO, how do you think about it.
That will make the discussion better and more weighty.
You have to give your own opinion or your experience when trading and get caught up in FOMO.
Or respond to someone's comment that you need to respond to.
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...//::::
I can see that you, based on the way I arranged the istatement it, you are misunderstanding me. What I actually meant is, grab every opportunity now I buying at this price before the price increase leaving this current one as the lowest before the halving. Because I have heard some person saying, they'll wait for more dip before they buy Bitcoin, forgetting that they cannot always give 100% prediction of the price movement.
???
I don't know what you're referring to, I think you have the quote wrong, since my comment was to:
...//:::so grab every opportunity you have right in front of you before it vanishes.
...//:::
But, just in case to clarify, since you involve me in your idea for the reply.
It seems to me that you took my comment at random... I speculate, as is done with the price of bitcoin.
In any case, your comment, and trying to understand it, it is somewhat confusing to be honest, the price at which you buy will always be below the next ATH, it is obvious, then you cannot say that the current price is the most low before the next ATH, there is a kind of paradox in your comment.
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Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.
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Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.
It's never too late, friends, only our profits will be small if we buy now because the price is already high. Currently bitcoin price is $ 51K before halving, maybe if we bought while bitcoin price was below $ 20K, we already gain profit .
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I also would suggest not to buy Bitcoin only because you want to make money out of it. A wish to earn is good, buy if money is the only thing that is on persons mind, then someday, somewhere he would fail. I suggest more to focus on chances Bitcoin or cryptocurrency give in general. Anonymity, alternative payment, jobs, creativity. All that is what crypto give, despite just money.
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It's never too late, friends, only our profits will be small if we buy now because the price is already high.
My consideration is not to add Bitcoin because the current price is already high, I am more focused on buying altcoins which according to my analysis will provide more profit.
I also would suggest not to buy Bitcoin only because you want to make money out of it.
~
It's the basic reason why I want to buy Bitcoin, because In my country just allow Bitcoin for investment not for payment method.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
You're absolutely correct, it's not a brilliant idea to invest based on FOMO"fear of missing out" just because other crypto Investors are trading and investing on a particular cryptocurrency that doesn't mean you should do same.its very important and wise to do your research and find out too be sure what's best and how you can manage risks and potentials of any investment before you take your decision.
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It's never too late, friends, only our profits will be small if we buy now because the price is already high.
My consideration is not to add Bitcoin because the current price is already high, I am more focused on buying altcoins which according to my analysis will provide more profit.
Although it is never too late to invest in Bitcoin as long as you can hold it for a long time, I agree with you. Maybe it's better now that we can start focusing on altcoins, because I think this is the time to enjoy our investment, especially if we enter at the lowest price of bitcoin at that time.
Now I see many altcoins that are also promising. We just need to analyze more deeply which coins we will invest in. Several coins have started to show very good movements recently.
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Although it is never too late to invest in Bitcoin as long as you can hold it for a long time, I agree with you. Maybe it's better now that we can start focusing on altcoins, because I think this is the time to enjoy our investment, especially if we enter at the lowest price of bitcoin at that time.
Now I see many altcoins that are also promising. We just need to analyze more deeply which coins we will invest in. Several coins have started to show very good movements recently.
For investors who have a good and accurate understanding of analysis, they can try investing in potential altcoins. I do that too but don't have great accuracy, so I keep more bitcoins than altcoins.
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Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.
It's never too late, friends, only our profits will be small if we buy now because the price is already high. Currently bitcoin price is $ 51K before halving, maybe if we bought while bitcoin price was below $ 20K, we already gain profit .
Yes, during this time the profit in investment will be less. But there is no reason to worry. If we invest in Bitcoin following the target of $200k price range then there is definitely profit opportunity. A simple solution is that if Bitcoin goes to the 200k target then there must be buyers. We should not just consider it as a investment tool but if we think about the long term potential then it is not only 200k but its price will increase with time. Moreover, gradually people's interest in it is increasing and the demand will also increase. Any investor who can invest in Bitcoin with patience and long-term planning will definitely be profitable in the long run.
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You're absolutely correct, it's not a brilliant idea to invest based on FOMO"fear of missing out" just because other crypto Investors are trading and investing on a particular cryptocurrency that doesn't mean you should do same.its very important and wise to do your research and find out too be sure what's best and how you can manage risks and potentials of any investment before you take your decision.
Before making an investment, you should be aware of the risks that can occur in Cryptocurrency. So far there are no guarantees regarding the assets invested in Cryptocurrency, everything depends on independent research, So I agree with what you say to be wiser in responding to investment in Cryptocurrencies.
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For investors who have a good and accurate understanding of analysis, they can try investing in potential altcoins. I do that too but don't have great accuracy, so I keep more bitcoins than altcoins.
The problem is that some people are not experienced to make their own personal research not to talk more on the analysis of the altcoins and it's so sad that the new altcoins we are seeing today are attributed to meme, something that can give them quick return without wasting time and why the time this coins they collapsed, they blame crypto as scam.
It's even dangerous to engage in some altcoins now, I don't know maybe is because Bitcoin is stealing the show for now, the real coins with product aren't making any moves. Maybe when Bitcoin is done they will start making moves.
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This is just a recent on the ongoing volatility of the bitcoin market as we have seen recently, some of my friend had their investment on bitcoin and it happens that it suddenly go dip to as low as $64,000 some minutes ago and they were all selling their coins with the hope that it will go the more on bearish pattern not to know that it going back to where it had dropped off from and this happened withing the spaces of five minutes and the sell and miss out as the market pumps immediately after their sale.
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This is just a recent on the ongoing volatility of the bitcoin market as we have seen recently, some of my friend had their investment on bitcoin and it happens that it suddenly go dip to as low as $64,000 some minutes ago and they were all selling their coins with the hope that it will go the more on bearish pattern not to know that it going back to where it had dropped off from and this happened withing the spaces of five minutes and the sell and miss out as the market pumps immediately after their sale.
it's well known that you shouldn't buy in FOMO, even in my opinion they do it on purpose, I read an article yesterday in a newspaper, they talked about the fact that people wait for the liquidity of Chinese banks to come in in the morning, and then punish those who came in, so they do it on purpose IMHO
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Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.
It is a bit difficult to understand everything you have said, but from the few I picked, you bought Bitcoin in early 2023 when the price was low, which made you very lucky, and you are already profitable right now. Still on FOMO, some people since last week may have set a sell order of $69k, which probably might have been executed today. It could be that they really don't want to miss out on the price, so they decided to sell. Meanwhile, there is still a great possibility that the price of bitcoin will get to $100k. Most investors can buy with fomo and end up regretting it, while some can also sell because of fomo and still blame themselves for selling too soon. It is wise to be very educated about Bitcoin investment.
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It is a bit difficult to understand everything you have said, but from the few I picked, you bought Bitcoin in early 2023 when the price was low, which made you very lucky, and you are already profitable right now. Still on FOMO, some people since last week may have set a sell order of $69k, which probably might have been executed today. It could be that they really don't want to miss out on the price, so they decided to sell. Meanwhile, there is still a great possibility that the price of bitcoin will get to $100k. Most investors can buy with fomo and end up regretting it, while some can also sell because of fomo and still blame themselves for selling too soon. It is wise to be very educated about Bitcoin investment.
If we can't have accurate predictions and analysis, don't buy during FOMO, because it will happen so quickly. If we don't always unite the market and set targets, sales will get stuck there. do analysis and research, choose safe coins.
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Although it is never too late to invest in Bitcoin as long as you can hold it for a long time, I agree with you. Maybe it's better now that we can start focusing on altcoins, because I think this is the time to enjoy our investment, especially if we enter at the lowest price of bitcoin at that time.
Now I see many altcoins that are also promising. We just need to analyze more deeply which coins we will invest in. Several coins have started to show very good movements recently.
For investors who have a good and accurate understanding of analysis, they can try investing in potential altcoins. I do that too but don't have great accuracy, so I keep more bitcoins than altcoins.
That's a wise choice, I also keep altcoins as a second option after bitcoin, which means I hold more bitcoin than altcoins. Actually this also requires a process in collecting bitcoins, because I am not an investor who carries very large capital.
I usually invest in altcoins for a short period of time like I do when holding bitcoin. When I feel that I have enough to take advantage of altcoins I will take them, and usually I also allocate them for me to invest again in bitcoin.
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It is a bit difficult to understand everything you have said, but from the few I picked, you bought Bitcoin in early 2023 when the price was low, which made you very lucky, and you are already profitable right now. Still on FOMO, some people since last week may have set a sell order of $69k, which probably might have been executed today. It could be that they really don't want to miss out on the price, so they decided to sell. Meanwhile, there is still a great possibility that the price of bitcoin will get to $100k. Most investors can buy with fomo and end up regretting it, while some can also sell because of fomo and still blame themselves for selling too soon. It is wise to be very educated about Bitcoin investment.
If we can't have accurate predictions and analysis, don't buy during FOMO, because it will happen so quickly. If we don't always unite the market and set targets, sales will get stuck there. do analysis and research, choose safe coins.
FOMO can indeed lead people into making rash and hasty decisions without properly giving it a thought or confiding on experts for advice on what step or approach to employ, so it's very important to take a step back and properly assess the situation before going ahead to invest your money. It's also very important to conduct proper research and choose the tokens that are likely to have a positive long-term outlook, rather than just acting based on hypes and investor's sentiment.
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It is a bit difficult to understand everything you have said, but from the few I picked, you bought Bitcoin in early 2023 when the price was low, which made you very lucky, and you are already profitable right now. Still on FOMO, some people since last week may have set a sell order of $69k, which probably might have been executed today. It could be that they really don't want to miss out on the price, so they decided to sell. Meanwhile, there is still a great possibility that the price of bitcoin will get to $100k. Most investors can buy with fomo and end up regretting it, while some can also sell because of fomo and still blame themselves for selling too soon. It is wise to be very educated about Bitcoin investment.
If we can't have accurate predictions and analysis, don't buy during FOMO, because it will happen so quickly. If we don't always unite the market and set targets, sales will get stuck there. do analysis and research, choose safe coins.
FOMO can indeed lead people into making rash and hasty decisions without properly giving it a thought or confiding on experts for advice on what step or approach to employ, so it's very important to take a step back and properly assess the situation before going ahead to invest your money. It's also very important to conduct proper research and choose the tokens that are likely to have a positive long-term outlook, rather than just acting based on hypes and investor's sentiment.
never trust FOMO, in fact all the stupid choices made by people are made during FOMO, when we have the possibility to wait we wait and we don't all go together like sheep, because then we know what happens to the sheep, eaten by the wolf ahaha
so it's a good rule to sometimes go against the trend
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If we can't have accurate predictions and analysis, don't buy during FOMO, because it will happen so quickly. If we don't always unite the market and set targets, sales will get stuck there. do analysis and research, choose safe coins.
Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
True, we must do deep research before we buy Bitcoin. Make sure we buy Bitcoin at the right time, don't buy when it already reaches the next ATH. For the options of crypto coins, just buy Bitcoin if you are not sure with other crypto coins. It is not a must to have as many as coins, have the best coin only.
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Regardless of what fhs price of Bitcoin is right now, it is important to know that, investors will never see that price hyke as any thing stopping them from buying Bitcoin, because at a point what determine our purchasing power is the availability of a free cash at hand, because to some people, when bitcoin was at its lowest price, they can afford it, of not having the money to buy.
But now that they have the needed cash flow to invest, the price is not gonna stop them, and at the end, if they hold for the long term, at the right time, they will also be in profits like those who bought at a low price as you said., so the sure Bitcoin can never get to a stage where it becomes too expensive for those that want to buy at whatever price.
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Regardless of what fhs price of Bitcoin is right now, it is important to know that, investors will never see that price hyke as any thing stopping them from buying Bitcoin, because at a point what determine our purchasing power is the availability of a free cash at hand, because to some people, when bitcoin was at its lowest price, they can afford it, of not having the money to buy.
But now that they have the needed cash flow to invest, the price is not gonna stop them, and at the end, if they hold for the long term, at the right time, they will also be in profits like those who bought at a low price as you said., so the sure Bitcoin can never get to a stage where it becomes too expensive for those that want to buy at whatever price.
It's true that diversification is important, but you have to choose coins that are truly safe to hold. I agree, don't buy coins because of FOMO, the risk is very big. It's best to do research before buying, but if we don't have accurate analytical skills, buy the top 10 coins, it's safer to hold.
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Regardless of what fhs price of Bitcoin is right now, it is important to know that, investors will never see that price hyke as any thing stopping them from buying Bitcoin, because at a point what determine our purchasing power is the availability of a free cash at hand, because to some people, when bitcoin was at its lowest price, they can afford it, of not having the money to buy.
But now that they have the needed cash flow to invest, the price is not gonna stop them, and at the end, if they hold for the long term, at the right time, they will also be in profits like those who bought at a low price as you said., so the sure Bitcoin can never get to a stage where it becomes too expensive for those that want to buy at whatever price.
It's true that diversification is important, but you have to choose coins that are truly safe to hold. I agree, don't buy coins because of FOMO, the risk is very big. It's best to do research before buying, but if we don't have accurate analytical skills, buy the top 10 coins, it's safer to hold.
There's no such thing about being safe even if we do speak about diverisification on which this is something that still that not an assured thing that you would really be able to make money.
This is why it would really be always best that when it comes to diversification then it would be that better to stick with solid projects. FOMO? This is really just that normal into this market
on which there would be always best that you do know on what you are doing and be prepared on whatever things that could happen along the way.
There's no assurance whether you would be able to make profits or not. It would be basing up on how well you have hovered yourself into this space.
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There's no such thing about being safe even if we do speak about diverisification on which this is something that still that not an assured thing that you would really be able to make money.
This is why it would really be always best that when it comes to diversification then it would be that better to stick with solid projects. FOMO? This is really just that normal into this market
on which there would be always best that you do know on what you are doing and be prepared on whatever things that could happen along the way.
There's no assurance whether you would be able to make profits or not. It would be basing up on how well you have hovered yourself into this space.
Well, one of the reasons why we advocate for diversification is because we want to establish a point of stability in our investment journey after all, the risk of having a mono investment approach is high since a lot of time, things will not go as usual and at some point, we need to place a boundary between what we hold as an investment.
But then it is better to diversify into investments that we already have hands-on knowledge of and also that we have access it risk tendency, but another aspect to also consider in investment is to check whether or not you are to stay with your preset asset like when you holding bitcoin, there ain't be need to risk other altcoins.
Fomo will always be there and for that, we need to build ourselves in a way that fomo will not occupy us too much and that we don't buy or sell based on fomo.
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It is a bit difficult to understand everything you have said, but from the few I picked, you bought Bitcoin in early 2023 when the price was low, which made you very lucky, and you are already profitable right now. Still on FOMO, some people since last week may have set a sell order of $69k, which probably might have been executed today. It could be that they really don't want to miss out on the price, so they decided to sell. Meanwhile, there is still a great possibility that the price of bitcoin will get to $100k. Most investors can buy with fomo and end up regretting it, while some can also sell because of fomo and still blame themselves for selling too soon. It is wise to be very educated about Bitcoin investment.
If we can't have accurate predictions and analysis, don't buy during FOMO, because it will happen so quickly. If we don't always unite the market and set targets, sales will get stuck there. do analysis and research, choose safe coins.
Its important that we make the research as you've said about bitcoin before making an investment, this will tell on the kind of investment we are interested about, the duration and how we could be profitable in the way we are going for the same investment we are making, when we adequately make a plan, then we will also have the ability of following the market trends by speculating each time, this helps to get used to what is happening and how we are not going to miss out from the ongoing market season.
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Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
True, we must do deep research before we buy Bitcoin. Make sure we buy Bitcoin at the right time, don't buy when it already reaches the next ATH. For the options of crypto coins, just buy Bitcoin if you are not sure with other crypto coins. It is not a must to have as many as coins, have the best coin only.
If you ask 100 of people that bought bitcoin why they bought bitcoin, only 1 or 2 will tell you that he bought Bitcoin because of the tech reasons, the rest don't have any reason, they are only here because of the profit and once they are done with the profit, they run to sell and wait for it to bottom again, that's what they do in every circle of Bitcoin bull run. Even the institutional buy Bitcoin because they just want to and not because they have something peculiar about bitcoin.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
The problem is that we don't know when the bull run is going to end and when to exit the market. I made a similar mistake in the last bull run. My accumulation of Bitcoin was high. Even though I did buyy them, I exchanged my other earningsforo Bitcoin whenthe Bitcoin price was too high. I did this because heard everyone was saying that Bitcoin will reach 100K by this year and I was waiting to hit 100K even though Bitcoin reached 68K. Then the market started crashing and I thought it's just typical behaviour and we will regain the price again. I was keep holding and that was the beginner mistake.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
The problem is that we don't know when the bull run is going to end and when to exit the market. I made a similar mistake in the last bull run. My accumulation of Bitcoin was high. Even though I did buyy them, I exchanged my other earningsforo Bitcoin whenthe Bitcoin price was too high. I did this because heard everyone was saying that Bitcoin will reach 100K by this year and I was waiting to hit 100K even though Bitcoin reached 68K. Then the market started crashing and I thought it's just typical behaviour and we will regain the price again. I was keep holding and that was the beginner mistake.
in fact we can't know this, I also made the mistake of selling my bitcoins during the downturn years ago, so now I would never dream of making risky choices and following the FOMO or getting scared when the price drops, the secret is only one HOLD
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in fact we can't know this, I also made the mistake of selling my bitcoins during the downturn years ago, so now I would never dream of making risky choices and following the FOMO or getting scared when the price drops, the secret is only one HOLD
We reached another ATH a few hours ago, and I know that a lot of people are still buying at this price because we are expecting a long bull run this year. Just imagine BTC falls back from here, and we are still expecting it to touch another all-time high because the halving is ahead, and the scarcity will increase after the halving. But, We had almost no hope in 2021, yet a lot of us held because we did not understand the market movement. Especially, I thought it's a small time correction and BTC will bounch back within a week.
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in fact we can't know this, I also made the mistake of selling my bitcoins during the downturn years ago, so now I would never dream of making risky choices and following the FOMO or getting scared when the price drops, the secret is only one HOLD
People always learn after losing something so you have learned from your past it is a good and profitable step towards success. One who keeps in his mind that the secret of success is hidden only in holding so he will not disturb during lower price and he will stick to his holding until he gets his target.
Some people will buy and some will sell but they do this by thinking about their profit so don't follow them Because the percentage of their profit or loss is different from yours.
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in fact we can't know this, I also made the mistake of selling my bitcoins during the downturn years ago, so now I would never dream of making risky choices and following the FOMO or getting scared when the price drops, the secret is only one HOLD
People always learn after losing something so you have learned from your past it is a good and profitable step towards success. One who keeps in his mind that the secret of success is hidden only in holding so he will not disturb during lower price and he will stick to his holding until he gets his target.
Some people will buy and some will sell but they do this by thinking about their profit so don't follow them Because the percentage of their profit or loss is different from yours.
Very well said. That's the best thing we can do for now, if we see some other people gaining profits from this bull run, don't get FOMO and never enter the market during the rally. Always wait for the right time to enter or if we really want to join the ride, wait for the pullback before investing. It's the wisest move to avoid having a huge loss, we might not be able to maximize the profit just like other people who have purchased while in the bear market, but it is better than buying at the highest price.
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Very well said. That's the best thing we can do for now, if we see some other people gaining profits from this bull run, don't get FOMO and never enter the market during the rally. Always wait for the right time to enter or if we really want to join the ride, wait for the pullback before investing. It's the wisest move to avoid having a huge loss, we might not be able to maximize the profit just like other people who have purchased while in the bear market, but it is better than buying at the highest price.
During FOMO, we can also benefit if you play short term. buy and sell as soon as possible when you make a profit. because it will happen quickly, if you are late you will be trapped and the price will plummet. but if you don't dare to take risks, it's best to invest in safe coins, such as Bitcoin, ethereum, BNB, Solana, and maybe polkadot.
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Very well said. That's the best thing we can do for now, if we see some other people gaining profits from this bull run, don't get FOMO and never enter the market during the rally. Always wait for the right time to enter or if we really want to join the ride, wait for the pullback before investing. It's the wisest move to avoid having a huge loss, we might not be able to maximize the profit just like other people who have purchased while in the bear market, but it is better than buying at the highest price.
During FOMO, we can also benefit if you play short term. buy and sell as soon as possible when you make a profit. because it will happen quickly, if you are late you will be trapped and the price will plummet. but if you don't dare to take risks, it's best to invest in safe coins, such as Bitcoin, ethereum, BNB, Solana, and maybe polkadot.
you're right my friend, I remember when there was a crazy hype with the shiba inu and from that day onwards I fortunately managed to ride the wave and made a great profit, consider the fact of exploiting these events sometimes also to your own advantage not it's bad
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
Everyone will say that, because it is already a fact that the price of Bitcoin used to be only $1, now it is $70k, even if you knew this day would happen when Bitcoin was launched, I'm sure you would have bought a lot of Bitcoin when it appeared, no one would have paid much attention to it.
OK, because this is already expensive, so I think this will still be considered a cheap price for the next 8 years. It seems so, because it is likely that many people are speculating that the price of BTC will reach above $100k, some even say it will be higher than $150k. Whether that will happen or not, it is certain that now you can still accumulate BTC as you said.
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Everyone will say that, because it is already a fact that the price of Bitcoin used to be only $1, now it is $70k, even if you knew this day would happen when Bitcoin was launched, I'm sure you would have bought a lot of Bitcoin when it appeared, no one would have paid much attention to it.
OK, because this is already expensive, so I think this will still be considered a cheap price for the next 8 years. It seems so, because it is likely that many people are speculating that the price of BTC will reach above $100k, some even say it will be higher than $150k. Whether that will happen or not, it is certain that now you can still accumulate BTC as you said.
If you remember when bitcoin was launched and we saw the price at that time was very cheap, I even got free from the faucet and sold some of my cheap bitcoins. We will regret that the current price is so high. Forget all that, let's try to make a profit from Bitcoin now.
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If you remember when bitcoin was launched and we saw the price at that time was very cheap, I even got free from the faucet and sold some of my cheap bitcoins. We will regret that the current price is so high. Forget all that, let's try to make a profit from Bitcoin now.
The price of Bitcoin when it was first launched should not be easily forgotten because that way you can see and give encouragement that the price of Bitcoin can have price movements so far, those of us who have entered high prices like this must look back to give encouragement to keep holding on. Bitcoin until the price reaches its highest because there is still supply that can be obtained by miners so for me there is still an opportunity to save as much Bitcoin as I can.
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Very well said. That's the best thing we can do for now, if we see some other people gaining profits from this bull run, don't get FOMO and never enter the market during the rally. Always wait for the right time to enter or if we really want to join the ride, wait for the pullback before investing. It's the wisest move to avoid having a huge loss, we might not be able to maximize the profit just like other people who have purchased while in the bear market, but it is better than buying at the highest price.
During FOMO, we can also benefit if you play short term. buy and sell as soon as possible when you make a profit. because it will happen quickly, if you are late you will be trapped and the price will plummet. but if you don't dare to take risks, it's best to invest in safe coins, such as Bitcoin, ethereum, BNB, Solana, and maybe polkadot.
you're right my friend, I remember when there was a crazy hype with the shiba inu and from that day onwards I fortunately managed to ride the wave and made a great profit, consider the fact of exploiting these events sometimes also to your own advantage not it's bad
It only applies to some who have experience or those people who know what they need to do during the rally. There are some people, specifically newbies, who are getting greedier or thinking differently as they don't know what will be the next move of the market. They end up riding the rally and are unable to make a profit as they want more profit than they currently have.
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It is a bit difficult to understand everything you have said, but from the few I picked, you bought Bitcoin in early 2023 when the price was low, which made you very lucky, and you are already profitable right now. Still on FOMO, some people since last week may have set a sell order of $69k, which probably might have been executed today. It could be that they really don't want to miss out on the price, so they decided to sell. Meanwhile, there is still a great possibility that the price of bitcoin will get to $100k. Most investors can buy with fomo and end up regretting it, while some can also sell because of fomo and still blame themselves for selling too soon. It is wise to be very educated about Bitcoin investment.
I would like to add to the above. Most people make a banal (but widespread mistake), listening to whom they should and should not listen to. There is a saying for a reason: "Greed breeds, even more Fomo". If you haven't bought an asset, you'd better wait (for yourself set prices). Rather than buying here/now without understanding why and for what.
P.S. As one option. Observe from the outside, and then draw conclusions for yourself. And if you have already decided to buy an asset + don't buy for the entire % deposit also try to keep risk management to a minimum.
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I would like to add to the above. Most people make a banal (but widespread mistake), listening to whom they should and should not listen to. There is a saying for a reason: "Greed breeds, even more Fomo". If you haven't bought an asset, you'd better wait (for yourself set prices). Rather than buying here/now without understanding why and for what.
P.S. As one option. Observe from the outside, and then draw conclusions for yourself. And if you have already decided to buy an asset + don't buy for the entire % deposit also try to keep risk management to a minimum.
Well greed could also lead to fomo but in that situation I won't really say it's greed but lack of understanding about the halving and how the market works, because some who was able to invest in bitcoin when the price was about 40k and above and made a lot of profit when it reaches 69k should be aware of the upcoming halving and instead of takinng profit, I expect such person to wait for a retrace and buy more so as to gain more in the halving.
However the person decided to take profit at 69k, it shows that they don't got a good knowledge about the halving or are ot aware that BTC is at it's bull season, if only the person had waited a little bit till today, then they would've made more profit now bitcoin has set another ATH currently above 70k, right now I think such person would be regretting their actions and If he/she is wise enough they should wait for a trace and acquire more Bitcoins cause there's a potential of it reaching 100k plus in this upcoming halving.
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Very well said. That's the best thing we can do for now, if we see some other people gaining profits from this bull run, don't get FOMO and never enter the market during the rally. Always wait for the right time to enter or if we really want to join the ride, wait for the pullback before investing. It's the wisest move to avoid having a huge loss, we might not be able to maximize the profit just like other people who have purchased while in the bear market, but it is better than buying at the highest price.
During FOMO, we can also benefit if you play short term. buy and sell as soon as possible when you make a profit. because it will happen quickly, if you are late you will be trapped and the price will plummet. but if you don't dare to take risks, it's best to invest in safe coins, such as Bitcoin, ethereum, BNB, Solana, and maybe polkadot.
you're right my friend, I remember when there was a crazy hype with the shiba inu and from that day onwards I fortunately managed to ride the wave and made a great profit, consider the fact of exploiting these events sometimes also to your own advantage not it's bad
It only applies to some who have experience or those people who know what they need to do during the rally. There are some people, specifically newbies, who are getting greedier or thinking differently as they don't know what will be the next move of the market. They end up riding the rally and are unable to make a profit as they want more profit than they currently have.
True. Jumping into something we are not aware of or prepared of really makes or turns things from good to bad situations because we all know that this industry is very volatile and it needs more knowledge for us to be profitable on these events. We are here for opportunities so every chances we see and have here we grab it. The only problem with newbies is that they cannot control their emotions and has not enough knowledge that is why they easy get FOMO.
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If you remember when bitcoin was launched and we saw the price at that time was very cheap, I even got free from the faucet and sold some of my cheap bitcoins. We will regret that the current price is so high. Forget all that, let's try to make a profit from Bitcoin now.
It even has no price when it is launched for the first time. I think it is something natural, it is the same as other coins.
Sure, we don't need to think about it too much. Don't regret that we didn't buy it at that time. It is true that we must focus on the current fact of Bitcoin. It is okay to buy Bitcoin now as long as it deserves to buy. Only buy Bitcoin when it seems to increase in the next few months/years.
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True. Jumping into something we are not aware of or prepared of really makes or turns things from good to bad situations because we all know that this industry is very volatile and it needs more knowledge for us to be profitable on these events. We are here for opportunities so every chances we see and have here we grab it. The only problem with newbies is that they cannot control their emotions and has not enough knowledge that is why they easy get FOMO.
When you decide to do something without any research, it will make you feel like committing suicide because the risk is too high and the money you use can be lost instantly, so in Cryptocurrency, what you want to do should be considered first, such as the risk opportunities and profits that can be obtained. , It is true that many beginners make wrong decisions and I hope that with experience like that they can learn and be more careful in the future.
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True. Jumping into something we are not aware of or prepared of really makes or turns things from good to bad situations because we all know that this industry is very volatile and it needs more knowledge for us to be profitable on these events. We are here for opportunities so every chances we see and have here we grab it. The only problem with newbies is that they cannot control their emotions and has not enough knowledge that is why they easy get FOMO.
When you decide to do something without any research, it will make you feel like committing suicide because the risk is too high and the money you use can be lost instantly, so in Cryptocurrency, what you want to do should be considered first, such as the risk opportunities and profits that can be obtained. , It is true that many beginners make wrong decisions and I hope that with experience like that they can learn and be more careful in the future.
Agree with you, it's best before we buy coins or make investments to do research first. so we already understand what we are buying, what risks we are taking. Don't buy coins because of FOMO, because it will make us lose if we sell late.
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Agree with you, it's best before we buy coins or make investments to do research first. so we already understand what we are buying, what risks we are taking. Don't buy coins because of FOMO, because it will make us lose if we sell late.
Only a foolish investor can invest in something that will not be researched, you are right about FOMO, because of it many novice investors fall for a scam and invest in something they can not make money on and lose all their money.
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Agree with you, it's best before we buy coins or make investments to do research first. so we already understand what we are buying, what risks we are taking. Don't buy coins because of FOMO, because it will make us lose if we sell late.
Only a foolish investor can invest in something that will not be researched, you are right about FOMO, because of it many novice investors fall for a scam and invest in something they can not make money on and lose all their money.
But strangely, even though many beginners are warned about the dangers of having FOMO, I always see them repeating the same things over and over again. And yes, any investment in any form must always go through a thorough analysis process. Especially from a fundamental perspective. Because most investments are long term. So paying attention to fundamentals is very important.
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Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
True, we must do deep research before we buy Bitcoin. Make sure we buy Bitcoin at the right time, don't buy when it already reaches the next ATH. For the options of crypto coins, just buy Bitcoin if you are not sure with other crypto coins. It is not a must to have as many as coins, have the best coin only.
The problem is that most buy out of fear (of missing out on profits). + Most don't count on, their actual finances. Always said it and will keep saying it. It's better to observe from the outside + learn from other people's mistakes. Rather than entering the market on your own, getting greedy all the time, etc. Be smarter, don't make the mistakes most people make. Analyze + look at the % of your deposit and make decisions from there.
A moment about Fomo: Fear and greed indices of traditional and crypto market. Extreme Greed VS Extreme Greed
(https://i.ibb.co/QQ7s7RN/photo-2024-03-08-12-07-54.jpg)
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Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
True, we must do deep research before we buy Bitcoin. Make sure we buy Bitcoin at the right time, don't buy when it already reaches the next ATH. For the options of crypto coins, just buy Bitcoin if you are not sure with other crypto coins. It is not a must to have as many as coins, have the best coin only.
The problem is that most buy out of fear (of missing out on profits). + Most don't count on, their actual finances. Always said it and will keep saying it. It's better to observe from the outside + learn from other people's mistakes. Rather than entering the market on your own, getting greedy all the time, etc. Be smarter, don't make the mistakes most people make. Analyze + look at the % of your deposit and make decisions from there.
A moment about Fomo: Fear and greed indices of traditional and crypto market. Extreme Greed VS Extreme Greed
(https://i.ibb.co/QQ7s7RN/photo-2024-03-08-12-07-54.jpg)
Most people only see FOMo and don't do good research before investing which makes them suffer losses. If you are not sure about a new project and haven't had time to do research, you should buy a coin that is clearly safe in the top 10 coins. I think that's a good choice.
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We don't have to let fear get hold of us in what we are doing, because we cannot make the best performance in cryptocurrency when we are afraid of what may be the outcome of the steps we are about to take, we should also not intentionally go for what we see that can affect us in terms of risk involved, we have to make the necessary research and avoid going for what we cannot afford to risk.
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We don't have to let fear get hold of us in what we are doing, because we cannot make the best performance in cryptocurrency when we are afraid of what may be the outcome of the steps we are about to take, we should also not intentionally go for what we see that can affect us in terms of risk involved, we have to make the necessary research and avoid going for what we cannot afford to risk.
In-depth analysis before we make a decision is something we must do. This factor is very important in our journey in determining what we should do and what we should not do. For example, when buying coins.
Don't let us not dare to invest because of fear, and also don't invest because of FOMO or just following what other people are doing, that is a mistake that must be avoided in the crypto world. Before swallowing raw what we see or hear, we must do our own analysis.
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People do not really need a "reason" to buy bitcoin aside from the fact that we could make a lot of money from it. I understand that sometimes it feels like that's not the case, but it is highly the case in this situation. We are about to embark on a profitable period, so why not buy it. I know that its already high so many think that its not going to be all that high, but that doesn't mean that it can't keep going higher. These type of things are quite interesting to see, we should be able to make it work one way or another, and that usually means that we are going to make a good return from this easily.
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Agree with you, it's best before we buy coins or make investments to do research first. so we already understand what we are buying, what risks we are taking. Don't buy coins because of FOMO, because it will make us lose if we sell late.
Only a foolish investor can invest in something that will not be researched, you are right about FOMO, because of it many novice investors fall for a scam and invest in something they can not make money on and lose all their money.
But strangely, even though many beginners are warned about the dangers of having FOMO, I always see them repeating the same things over and over again. And yes, any investment in any form must always go through a thorough analysis process. Especially from a fundamental perspective. Because most investments are long term. So paying attention to fundamentals is very important.
A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.
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A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.
Something we should avoid is FOMO, because many people fall into this. It's best to do research before investing and stay calm when looking at market conditions. Holding for the long term is better than short term.
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But strangely, even though many beginners are warned about the dangers of having FOMO, I always see them repeating the same things over and over again. And yes, any investment in any form must always go through a thorough analysis process. Especially from a fundamental perspective. Because most investments are long term. So paying attention to fundamentals is very important.
A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.
Well, that's true, that's the important point. That many beginners think investing is an easy thing that doesn't even require hard work in digging for information or beforehand. In fact, they will immediately believe it if an influencer provides news regarding a potential crypto project. So apart from FOMO, many beginners are also victims of unclear news from Influencers. Even though investment is the same as trading, it requires analysis that must be carried out carefully. So we only have to put our money in an investment instrument if we are really sure about the investment instrument we are analyzing.
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People do not really need a "reason" to buy bitcoin aside from the fact that we could make a lot of money from it. I understand that sometimes it feels like that's not the case, but it is highly the case in this situation. We are about to embark on a profitable period, so why not buy it. I know that its already high so many think that its not going to be all that high, but that doesn't mean that it can't keep going higher. These type of things are quite interesting to see, we should be able to make it work one way or another, and that usually means that we are going to make a good return from this easily.
The DCA method is our friend in such situations. People who were around when Bitcoin's price was way lower than this should have bought earlier, but those who couldn't do that for any reason and want to be a part of the ride through the bull run, can use the DCA method to keep accumulating Bitcoins in portions that are proportion to a percentage of their capital based on their set strategy of how many buying rounds they want to carry it through.
This will help the buyers be safe from sudden market pumps and dumps because if market pumps, they would have at least something in their bag, and if it dumps, they will have a portion of their capital left to buy more.
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Well, that's true, that's the important point. That many beginners think investing is an easy thing that doesn't even require hard work in digging for information or beforehand. In fact, they will immediately believe it if an influencer provides news regarding a potential crypto project. So apart from FOMO, many beginners are also victims of unclear news from Influencers. Even though investment is the same as trading, it requires analysis that must be carried out carefully. So we only have to put our money in an investment instrument if we are really sure about the investment instrument we are analyzing.
It's not easy to be an investor in crypto, we have been crypto lovers for more than 10 years, we are still always learning to analyze projects, markets and coins in circulation. If investing were easy, many people would get rich and once rich would leave the crypto world.
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A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.
Something we should avoid is FOMO, because many people fall into this. It's best to do research before investing and stay calm when looking at market conditions. Holding for the long term is better than short term.
I agree with you about holding in the long term, but there are people who are much better able to spin this money and get profits much more in the short term, often these are traders or those who understand how everything works and can take risks and correctly and quickly make analytics.
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Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
True, we must do deep research before we buy Bitcoin. Make sure we buy Bitcoin at the right time, don't buy when it already reaches the next ATH. For the options of crypto coins, just buy Bitcoin if you are not sure with other crypto coins. It is not a must to have as many as coins, have the best coin only.
The problem is that most buy out of fear (of missing out on profits). + Most don't count on, their actual finances. Always said it and will keep saying it. It's better to observe from the outside + learn from other people's mistakes. Rather than entering the market on your own, getting greedy all the time, etc. Be smarter, don't make the mistakes most people make. Analyze + look at the % of your deposit and make decisions from there.
A moment about Fomo: Fear and greed indices of traditional and crypto market. Extreme Greed VS Extreme Greed
(https://i.ibb.co/QQ7s7RN/photo-2024-03-08-12-07-54.jpg)
Aside scam, fear is another means through which many investor losses on several investment opportunities that they would have utilized effectively and take a very good advantage with, but instead of them having the understanding that fear could only cause them the loss of asset, they think in most cases that such is a smart way of playing safe to avoid the loss in which they later fall in for.
The market can go dips in many instances and that is not a call for us to adopt fear into the situation, we need to realize this that the market will always pump after each session of a bear market and all that is needed at such particular time is enough patience in holding and not a decision for sell as a result of fear, this same thing has been what has been affecting many from adopting bitcoin because they dont wanty to lose because of fear.
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
If an investor or trader has extensive knowledge in trading, he will really get earnings if he carries out trading activity in the short-term, either scalping and if he wants to do nothing, he will enter into holding or long-term holdings.
So if you do a day trade, that means you can be affected by the news that will be released in the news, articles, and so on, but for long-term investors, there is nothing like that because they will really just wait.
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I agree with you about holding in the long term, but there are people who are much better able to spin this money and get profits much more in the short term, often these are traders or those who understand how everything works and can take risks and correctly and quickly make analytics.
If a trader with the same capital can make greater profits than the holder, that is very extraordinary. He is truly a professional trader. I don't have that kind of analytical and predictive ability yet.
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I agree with you about holding in the long term, but there are people who are much better able to spin this money and get profits much more in the short term, often these are traders or those who understand how everything works and can take risks and correctly and quickly make analytics.
Trading is profitable and in investment people often earn after years but in trading people earning is based on days but trading does not requires day based earning to everyone. They are only the masters in trading who can only earn through using their knowledge otherwise a newbies will hardly earn from only a single trade among ten or more trades.
Newbies in investment can earn money through holding long but traders can never earn more money if they don't have knowledge because analysis of price prediction is most compulsory thing for traders which a common man cannot do.
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It's not easy to be an investor in crypto, we have been crypto lovers for more than 10 years, we are still always learning to analyze projects, markets and coins in circulation. If investing were easy, many people would get rich and once rich would leave the crypto world.
As crypto investors, we have many challenges. The volatility, FUDs, government intervention, scammers, and the change of world economic status become some important matters to face for every crypto investor. We must always learn about those factors, and we must prepare varied plans to deal with those challenges.
Yep. We already become crypto enthusiasts around 14 - 15 years. Bitcoin was created in 2009, and we are already in 2024 now. There must be people who can be rich investing in Bitcoin, but there are also people lose their money in Bitcoin. I think investing isn't as easy as we think, it also requires proper knowledge.
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As crypto investors, we have many challenges. The volatility, FUDs, government intervention, scammers, and the change of world economic status become some important matters to face for every crypto investor. We must always learn about those factors, and we must prepare varied plans to deal with those challenges.
Yep. We already become crypto enthusiasts around 14 - 15 years. Bitcoin was created in 2009, and we are already in 2024 now. There must be people who can be rich investing in Bitcoin, but there are also people lose their money in Bitcoin. I think investing isn't as easy as we think, it also requires proper knowledge.
You are right, investing requires knowledge, experience and proper analysis. It takes a long time to get it all, you can't suddenly become rich investing unless the person has good luck. Moreover, buying during FOMO, this is really very risky.
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As crypto investors, we have many challenges. The volatility, FUDs, government intervention, scammers, and the change of world economic status become some important matters to face for every crypto investor. We must always learn about those factors, and we must prepare varied plans to deal with those challenges.
Yep. We already become crypto enthusiasts around 14 - 15 years. Bitcoin was created in 2009, and we are already in 2024 now. There must be people who can be rich investing in Bitcoin, but there are also people lose their money in Bitcoin. I think investing isn't as easy as we think, it also requires proper knowledge.
You are right, investing requires knowledge, experience and proper analysis. It takes a long time to get it all, you can't suddenly become rich investing unless the person has good luck. Moreover, buying during FOMO, this is really very risky.
That's the common mindset of most newbies who just happen to know Bitcoin through social media platforms or from some influencer who uses Bitcoin as their content. They think of Bitcoin as a tool or an investment where they will invest and do nothing, after a few days they have their profit. Which is incorrect, as they don't properly get any explanation or do any research about how Bitcoin does work. Due to this reason, they often happen to lose their money as they are only FOMO to start their investment and they don't know what they need to do next.
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You are right, investing requires knowledge, experience and proper analysis. It takes a long time to get it all, you can't suddenly become rich investing unless the person has good luck. Moreover, buying during FOMO, this is really very risky.
We only can do a proper analysis if we have good knowledge and experience, right?
So, the point is to always improve our knowledge besides we have better experience in crypto industry.
Sure, to have enough knowledge and experience, it requires a lot of time, it will never get instantly.
Although a person has a good luck, I doubt he will be lucky enough in trading or investing if he don't understand how to do it properly. At least, someone must have the basic knowledge or basic skills. No one can be rich with no knowledge!
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Very well noted. It is a nice advice from Op but we need to realise that in as much as we are in the industry, we must respond to the stimuli of the industry. FOMO is an agent of bitcoin and also is FUD. Both plays out in different instances. While FOMO makes one to enter the market in a very wrong time, FUD makes one to exit market prematurely or at lose. So, in as much as we must react to the above two, we should try to be confident of ourselves and trust the bitcoin. After going bear, it must bull and vice versa.
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I agree with you about holding in the long term, but there are people who are much better able to spin this money and get profits much more in the short term, often these are traders or those who understand how everything works and can take risks and correctly and quickly make analytics.
If a trader with the same capital can make greater profits than the holder, that is very extraordinary. He is truly a professional trader. I don't have that kind of analytical and predictive ability yet.
And what is unusual in this, I think that everything is clear and understandable, if it were the other way around, such a profession as a trader would not even exist, but it is the other way around and in fact any even the most novice trader gets dozens of times more profit than an investor, but there are risks that traders have to take, so not everyone can be a trader.
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And what is unusual in this, I think that everything is clear and understandable, if it were the other way around, such a profession as a trader would not even exist, but it is the other way around and in fact any even the most novice trader gets dozens of times more profit than an investor, but there are risks that traders have to take, so not everyone can be a trader.
Yeah. I can be an example. I was holding some BTC for a while and my holdings are 2x at this moment. Lately, however, some web3 wallets and other cex have offered trading activity bonuses. Like, If you trade xxxxx amount, you will be eligible to win a share of $xxxxx amount. So, two days ago, I thought I would give it a try with a small amount to participate in an activity similar to this.
What I didn't know is that the pairs they offer are too volatile. That was a first come, first serve system, and I had to rush. As soon as the new paid opened, the token raised up to 11000% percent. Imagine how volatile it is. A lot of people sold at 11000% profit. But unfortunately, I lost 70% of my portfolio. That was due to my inexperience. I had to research about that pair before I start trading that pair.
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And what is unusual in this, I think that everything is clear and understandable, if it were the other way around, such a profession as a trader would not even exist, but it is the other way around and in fact any even the most novice trader gets dozens of times more profit than an investor, but there are risks that traders have to take, so not everyone can be a trader.
Yeah. I can be an example. I was holding some BTC for a while and my holdings are 2x at this moment. Lately, however, some web3 wallets and other cex have offered trading activity bonuses. Like, If you trade xxxxx amount, you will be eligible to win a share of $xxxxx amount. So, two days ago, I thought I would give it a try with a small amount to participate in an activity similar to this.
What I didn't know is that the pairs they offer are too volatile. That was a first come, first serve system, and I had to rush. As soon as the new paid opened, the token raised up to 11000% percent. Imagine how volatile it is. A lot of people sold at 11000% profit. But unfortunately, I lost 70% of my portfolio. That was due to my inexperience. I had to research about that pair before I start trading that pair.
I have had similar experience in the past when taking part in exchange launch pad. Other crypto markets are very volatile upon launch so one would need be smart and wise enough to sell at that first launch and that happens like upto 1 to 2 hours upon launch of that token and after then there is a decrease in price action or value of the token.
I have learnt that in such a launch pad or market, you do not allow your emotions lead you. Sell out immediately because there would definitely be a drop in price after then because of the dump from holders of the token. That is why you see a token drop in price after listing and after as long time the real price growth begin to take shape as a result of the utility value of the project.
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And what is unusual in this, I think that everything is clear and understandable, if it were the other way around, such a profession as a trader would not even exist, but it is the other way around and in fact any even the most novice trader gets dozens of times more profit than an investor, but there are risks that traders have to take, so not everyone can be a trader.
I don't understand that traders can make profits tens of times higher than investors. What can I offer? if top coins, investors who hold for the long term profit are bigger than traders. but for traders who buy the coin at launch on the exchange, it can make tens of times more profit.
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buying bitcoin when FOMO is the same as living but looking for trouble, because this is very risky. And why should we do it?
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And what is unusual in this, I think that everything is clear and understandable, if it were the other way around, such a profession as a trader would not even exist, but it is the other way around and in fact any even the most novice trader gets dozens of times more profit than an investor, but there are risks that traders have to take, so not everyone can be a trader.
Yeah. I can be an example. I was holding some BTC for a while and my holdings are 2x at this moment. Lately, however, some web3 wallets and other cex have offered trading activity bonuses. Like, If you trade xxxxx amount, you will be eligible to win a share of $xxxxx amount. So, two days ago, I thought I would give it a try with a small amount to participate in an activity similar to this.
What I didn't know is that the pairs they offer are too volatile. That was a first come, first serve system, and I had to rush. As soon as the new paid opened, the token raised up to 11000% percent. Imagine how volatile it is. A lot of people sold at 11000% profit. But unfortunately, I lost 70% of my portfolio. That was due to my inexperience. I had to research about that pair before I start trading that pair.
Perhaps it was a lure that make exchanges, such pairs certainly can not trade if you do not know what is happening, they at your expense made liquidity and earned on it, it is better to trade proven coins.
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Aside scam, fear is another means through which many investor losses on several investment opportunities that they would have utilized effectively and take a very good advantage with, but instead of them having the understanding that fear could only cause them the loss of asset, they think in most cases that such is a smart way of playing safe to avoid the loss in which they later fall in for.
The market can go dips in many instances and that is not a call for us to adopt fear into the situation, we need to realize this that the market will always pump after each session of a bear market and all that is needed at such particular time is enough patience in holding and not a decision for sell as a result of fear, this same thing has been what has been affecting many from adopting bitcoin because they dont wanty to lose because of fear.
That's the thing. The stronger the fear of lost profit, the more Fomo the user has. The market absolutely always provides opportunities to make money. Whether you take advantage of them or not is a secondary issue. It depends on each individual. If you go in for deals - also try not to pass the buck. Otherwise, it will lead to greed + incomprehensible actions.
P.S. What's happening now is the real overheating of the market + all the metrics say so. What will happen, suddenly bitcoin will be worth (let's say 90.000 thousand dollars). Can you imagine the panic/greed then?
(https://i.ibb.co/WPdnWkH/photo-2024-03-14-11-54-27.jpg)
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I have had similar experience in the past when taking part in exchange launch pad. Other crypto markets are very volatile upon launch so one would need be smart and wise enough to sell at that first launch and that happens like upto 1 to 2 hours upon launch of that token and after then there is a decrease in price action or value of the token.
Yesterday, I took a chance to trade shitcoin right after the listing and tried to make some money. Unfortunately, It didn't work for me. Usually, shit coins move a lot when they get listed on some major exchanges like Binance and Kucoin. Yesterday, Binance listed a token named Book of Meme, and I tried to make some money trading this shit. But, Unfortunately, the market moved only a little and fortunately, I was able to recover my initial investment.
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- In the past few days that there has been a short correction, I think this is a good opportunity for our bitcoin holders to buy in the dip, even in other altcoins.
If we have other altcoins that also want to buy, then hold again.
I will do DCA continuation again, and even the others will probably do the same, as long as we have chances to buy. That's how we live here as community investors in the crypto space.
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Perhaps it was a lure that make exchanges, such pairs certainly can not trade if you do not know what is happening, they at your expense made liquidity and earned on it, it is better to trade proven coins.
True. But, predicting the market is not easy. Everyone cannot do that. Moreover, if you want to make more profits, you have to take some risks, and that's what I tried. In my case, I was the one who lost 70% of the money. But, someone else got more than 70% in profit. Right? I already understand what mistake I made during the trade period, and I am planning not to repeat it.
Another exchange will list some pairs tomorrow, and I am planning to buy that coin early, even before they list it. I will get the coin from somewhere else and I will try to sell it on that exchange at a good price. I hope I won't repeat the same thing again.
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Perhaps it was a lure that make exchanges, such pairs certainly can not trade if you do not know what is happening, they at your expense made liquidity and earned on it, it is better to trade proven coins.
True. But, predicting the market is not easy. Everyone cannot do that. Moreover, if you want to make more profits, you have to take some risks, and that's what I tried. In my case, I was the one who lost 70% of the money. But, someone else got more than 70% in profit. Right? I already understand what mistake I made during the trade period, and I am planning not to repeat it.
Another exchange will list some pairs tomorrow, and I am planning to buy that coin early, even before they list it. I will get the coin from somewhere else and I will try to sell it on that exchange at a good price. I hope I won't repeat the same thing again.
You are right that you do work on mistakes, only in this way people understand the value of what they do, to lose 70% is certainly painful but it is not critical, even to lose 100% is not critical, the most important thing is not to lose hope and do not stop making mistakes and continue to continue and at some point to lose 70% will be others and you will take them away.
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I have had similar experience in the past when taking part in exchange launch pad. Other crypto markets are very volatile upon launch so one would need be smart and wise enough to sell at that first launch and that happens like upto 1 to 2 hours upon launch of that token and after then there is a decrease in price action or value of the token.
Yesterday, I took a chance to trade shitcoin right after the listing and tried to make some money. Unfortunately, It didn't work for me. Usually, shit coins move a lot when they get listed on some major exchanges like Binance and Kucoin. Yesterday, Binance listed a token named Book of Meme, and I tried to make some money trading this shit. But, Unfortunately, the market moved only a little and fortunately, I was able to recover my initial investment.
I've given up on buying shitcoin, especially new projects that have just been listed. I won't buy it again. because in the past I lost a lot because of shitcoins, even though there were also profits. but the losses are huge.
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Yesterday, I took a chance to trade shitcoin right after the listing and tried to make some money. Unfortunately, It didn't work for me. Usually, shit coins move a lot when they get listed on some major exchanges like Binance and Kucoin. Yesterday, Binance listed a token named Book of Meme, and I tried to make some money trading this shit. But, Unfortunately, the market moved only a little and fortunately, I was able to recover my initial investment.
Same here brother, seeing that the price of bitcoin started to decrease, I saw that the whole altcoin market started to go down and then I also invested in a token like shitcoin. And currently, I am at a loss. Although it was my mistake, I invested in the hype, had no analysis of my own, and just went to give a signal. My point is that when I buy a coin the price of the coin goes down and when I sell the coin the price goes up :( . Anyway, I currently have some of my dollars invested in PEOPLE to see if I am hopeful that my losses will be recovered. But currently the greed level is high, in my opinion it is better not to buy now, especially for holding.
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Very well said. That's the best thing we can do for now, if we see some other people gaining profits from this bull run, don't get FOMO and never enter the market during the rally. Always wait for the right time to enter or if we really want to join the ride, wait for the pullback before investing. It's the wisest move to avoid having a huge loss, we might not be able to maximize the profit just like other people who have purchased while in the bear market, but it is better than buying at the highest price.
During FOMO, we can also benefit if you play short term. buy and sell as soon as possible when you make a profit. because it will happen quickly, if you are late you will be trapped and the price will plummet. but if you don't dare to take risks, it's best to invest in safe coins, such as Bitcoin, ethereum, BNB, Solana, and maybe polkadot.
The recent bullish market was merely an opportunity to risk personal funds by succumbing to FOMO. Coins such as BNB were at $400 but later surged to $600 in a matter of weeks. Ethereum, priced at about $3K, surged to $4K, and BTC, ranging from $62-65K for weeks, surged to $73K. These prices were worth taking a risk for, as anyone who tried would be swimming in substantial profits right now. ;D
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The recent bullish market was merely an opportunity to risk personal funds by succumbing to FOMO. Coins such as BNB were at $400 but later surged to $600 in a matter of weeks. Ethereum, priced at about $3K, surged to $4K, and BTC, ranging from $62-65K for weeks, surged to $73K. These prices were worth taking a risk for, as anyone who tried would be swimming in substantial profits right now. ;D
from this spike we can take advantage, by looking at the increase in the price of bitcoin ethereum and BNB, at least we can sell it then buy back during a correction like now from the profit from selling when bitcoin touched the new ATH $73K
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I've given up on buying shitcoin, especially new projects that have just been listed. I won't buy it again. because in the past I lost a lot because of shitcoins, even though there were also profits. but the losses are huge.
This is the point through which people often choose shitcoins because they provide huge profit at start and they attract people with such a huge return but after sometimes they turn into low value or zero value coins so I think we should not choose coins on the basis of huge price but we have to check the market capitalization before investment.
Shitcoins are created normally with great profit at the beginning but their losses are also very big as some people when gain profit from a coin then they increases their investment amount so in such greed they loss their large sum of money due to investment in shitcoins.
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Yesterday, I took a chance to trade shitcoin right after the listing and tried to make some money. Unfortunately, It didn't work for me. Usually, shit coins move a lot when they get listed on some major exchanges like Binance and Kucoin. Yesterday, Binance listed a token named Book of Meme, and I tried to make some money trading this shit. But, Unfortunately, the market moved only a little and fortunately, I was able to recover my initial investment.
Same here brother, seeing that the price of bitcoin started to decrease, I saw that the whole altcoin market started to go down and then I also invested in a token like shitcoin. And currently, I am at a loss. Although it was my mistake, I invested in the hype, had no analysis of my own, and just went to give a signal. My point is that when I buy a coin the price of the coin goes down and when I sell the coin the price goes up :( . Anyway, I currently have some of my dollars invested in PEOPLE to see if I am hopeful that my losses will be recovered. But currently the greed level is high, in my opinion it is better not to buy now, especially for holding.
Haha. It happens to all of us bro. I have a good portion of Bitcoin, and I was planning to sell a small portion to take some profit when BTC is in the 75K range. Even if it did not hit 75K, I planned to sell at 73K the next day, and Bitcoin started to dump. Look at the market right now. We are straight 10K down from 73K. I know that this correction was necessary to build up a solid price. But look at the timing. I feel like it was personal. Otherwise, I do not see the reason why the market has to do the correction only when I planned to cash some profits? LOL.
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I have had similar experience in the past when taking part in exchange launch pad. Other crypto markets are very volatile upon launch so one would need be smart and wise enough to sell at that first launch and that happens like upto 1 to 2 hours upon launch of that token and after then there is a decrease in price action or value of the token.
Yesterday, I took a chance to trade shitcoin right after the listing and tried to make some money. Unfortunately, It didn't work for me. Usually, shit coins move a lot when they get listed on some major exchanges like Binance and Kucoin. Yesterday, Binance listed a token named Book of Meme, and I tried to make some money trading this shit. But, Unfortunately, the market moved only a little and fortunately, I was able to recover my initial investment.
I've given up on buying shitcoin, especially new projects that have just been listed. I won't buy it again. because in the past I lost a lot because of shitcoins, even though there were also profits. but the losses are huge.
This happened not only to you but also to everyone who purchased Shitcoin. Earlier I didn't understand much about investment so I used to buy such coins and wait for profit but buying these coins at that time was a wrong decision for me which I realized this time. I have lost enough money investing in Shitcoin that I don't want to lose money again. Investing in Shitcoins has a higher potential for profit but there is a lot of risk involved. Expecting profit if one's capital is not protected is nothing but folly. Even if the profit is relatively low, we should invest in coins that are reliable and can be trusted.
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This happened not only to you but also to everyone who purchased Shitcoin. Earlier I didn't understand much about investment so I used to buy such coins and wait for profit but buying these coins at that time was a wrong decision for me which I realized this time. I have lost enough money investing in Shitcoin that I don't want to lose money again. Investing in Shitcoins has a higher potential for profit but there is a lot of risk involved. Expecting profit if one's capital is not protected is nothing but folly. Even if the profit is relatively low, we should invest in coins that are reliable and can be trusted.
I guess we all get matured at some point and we all had such a bad experience of trading shit tokens. I never paid attention to these shit coins. Do you guys remember when that Shiba Inu thing created hype, and people were buying it? They were considering Shiba Inu as a doge killer token, and the project was kind of successful, to be honest. But, I thought this was another shit token where I should not invest. Because it is too late already. One of my friends has a lot of Shiba inu, and he got xx times profit from that. But he got greedy and bought more when it was pumped already. He was supposed to sell it and cash some profits. He bought instead and made a loss. I am glad that I didn't fall for that.
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This happened not only to you but also to everyone who purchased Shitcoin. Earlier I didn't understand much about investment so I used to buy such coins and wait for profit but buying these coins at that time was a wrong decision for me which I realized this time. I have lost enough money investing in Shitcoin that I don't want to lose money again. Investing in Shitcoins has a higher potential for profit but there is a lot of risk involved. Expecting profit if one's capital is not protected is nothing but folly. Even if the profit is relatively low, we should invest in coins that are reliable and can be trusted.
I guess we all get matured at some point and we all had such a bad experience of trading shit tokens. I never paid attention to these shit coins. Do you guys remember when that Shiba Inu thing created hype, and people were buying it? They were considering Shiba Inu as a doge killer token, and the project was kind of successful, to be honest. But, I thought this was another shit token where I should not invest. Because it is too late already. One of my friends has a lot of Shiba inu, and he got xx times profit from that. But he got greedy and bought more when it was pumped already. He was supposed to sell it and cash some profits. He bought instead and made a loss. I am glad that I didn't fall for that.
Greed will make people lose a lot of things, because we have to think clearly and rationally when investing, especially in hype coins such as shb, dogecoin etc. Because not only your friend, I am also trapped in high prices on shitcoins.
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This happened not only to you but also to everyone who purchased Shitcoin. Earlier I didn't understand much about investment so I used to buy such coins and wait for profit but buying these coins at that time was a wrong decision for me which I realized this time. I have lost enough money investing in Shitcoin that I don't want to lose money again. Investing in Shitcoins has a higher potential for profit but there is a lot of risk involved. Expecting profit if one's capital is not protected is nothing but folly. Even if the profit is relatively low, we should invest in coins that are reliable and can be trusted.
I guess we all get matured at some point and we all had such a bad experience of trading shit tokens. I never paid attention to these shit coins. Do you guys remember when that Shiba Inu thing created hype, and people were buying it? They were considering Shiba Inu as a doge killer token, and the project was kind of successful, to be honest. But, I thought this was another shit token where I should not invest. Because it is too late already. One of my friends has a lot of Shiba inu, and he got xx times profit from that. But he got greedy and bought more when it was pumped already. He was supposed to sell it and cash some profits. He bought instead and made a loss. I am glad that I didn't fall for that.
Some of the coins you mentioned may have made a lot of profit by investing some money but I don't think investors have invested a lot of money in these coins. Investing money in Shitcoins is usually done thinking that the amount of money I am investing is lost from my total money. Because a very small amount of shitcoins return our money. The coins you mentioned have pumped hundreds of times in recent times. In that case, those who invested $10 to $100 in all these coins have now earned $200 to $2,000 profit from their investment. Although these coins have high profits, it is not safe to invest a lot of money in these coins.
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Some of the coins you mentioned may have made a lot of profit by investing some money but I don't think investors have invested a lot of money in these coins. Investing money in Shitcoins is usually done thinking that the amount of money I am investing is lost from my total money. Because a very small amount of shitcoins return our money. The coins you mentioned have pumped hundreds of times in recent times. In that case, those who invested $10 to $100 in all these coins have now earned $200 to $2,000 profit from their investment. Although these coins have high profits, it is not safe to invest a lot of money in these coins.
I completely agree with that. Whenever I bought a small amount of shitcoins, I always sold them at a certain point because I knew that shitcoin won't pump forever. Shit tokens pump only in the hype, and once the hype ends, it may go to zero in a single week. As I said, one of my friends invested in that shit coin, and he got a nice profit. He is supposed to cash out his profit. But he invested more instead and that's where he was fucked up. I am glad that I did not invest any bigger amount.
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In that case, those who invested $10 to $100 in all these coins have now earned $200 to $2,000 profit from their investment. Although these coins have high profits, it is not safe to invest a lot of money in these coins.
I agree with you that investing money in such coins is very dangerous, but you wrote about (10-100) dollars, brother, this is not money)) that’s exactly what you need to invest in such coins so that you don’t feel sorry for losing them, but if something happens, then 1 an investment can cover hundreds of bad ones in other similar coins.
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I have had similar experience in the past when taking part in exchange launch pad. Other crypto markets are very volatile upon launch so one would need be smart and wise enough to sell at that first launch and that happens like upto 1 to 2 hours upon launch of that token and after then there is a decrease in price action or value of the token.
Yesterday, I took a chance to trade shitcoin right after the listing and tried to make some money. Unfortunately, It didn't work for me. Usually, shit coins move a lot when they get listed on some major exchanges like Binance and Kucoin. Yesterday, Binance listed a token named Book of Meme, and I tried to make some money trading this shit. But, Unfortunately, the market moved only a little and fortunately, I was able to recover my initial investment.
I've given up on buying shitcoin, especially new projects that have just been listed. I won't buy it again. because in the past I lost a lot because of shitcoins, even though there were also profits. but the losses are huge.
Very funny you know. Shitcoin sucks as the name implies and are pump and dump tokens fully projected by some few people who just wake up one day and begin to develop a project. Sometimes shitcoin pays and sometimes it just sucks. Although I have hady own share of the the experience. Lots of shitcoin right iny wallet and project nowhere to be found all absconded living their shitcoin in various investors wallets making them loose huge amount of money. Ever since my last experience investing in shitcoin, I made up my mind not to have anything doing with shitcoin.
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Greed will make people lose a lot of things, because we have to think clearly and rationally when investing, especially in hype coins such as shb, dogecoin etc. Because not only your friend, I am also trapped in high prices on shitcoins.
Unfortunately, greed is always present in humans, no matter who they are, they will definitely be greedy, but for those who care about other people and provide opportunities to share with others, this kind of greed will disappear, even if only a little. Meme coin as you mentioned has a very high risk and many people are trapped in meme coin.
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Very funny you know. Shitcoin sucks as the name implies and are pump and dump tokens fully projected by some few people who just wake up one day and begin to develop a project. Sometimes shitcoin pays and sometimes it just sucks. Although I have hady own share of the the experience. Lots of shitcoin right iny wallet and project nowhere to be found all absconded living their shitcoin in various investors wallets making them loose huge amount of money. Ever since my last experience investing in shitcoin, I made up my mind not to have anything doing with shitcoin.
If you check coinmarketcap, there are 2.4 Million crypto's and I guess 1.5 million of them are just useless shit tokens that were created to scam people. I bought some shitcoins in the last bull run back in 2021, and some of them do not exist anymore. I mean they become zero. I have the tokens, but the value is zero.
This is one of the reasons I do not like tokens that are centralized. Do you remember how Luna developers increased Luna's supply during the crash back in the old days? That's how they scammed people like us. This is why I like Bitcoin most.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
If you bought during a bear market, it seems like it’d get pretty easy after you clear one cycle.
But to be even harder for most to hold through the raging Bull.
And if we see the carnage of the last cycle, we begin to understand how hard it is for Hodl.
Investing is managing emotions...and getting lucky. I'm not sure which is more difficult.
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Greed will make people lose a lot of things, because we have to think clearly and rationally when investing, especially in hype coins such as shb, dogecoin etc. Because not only your friend, I am also trapped in high prices on shitcoins.
There's a saying that fits this topic very well:"New deposit, new life." The greedier a person is = the harder it will be to earn anything, or take back the money invested. + If there is no definite strategy/plans - the situation is doomed to failure as far as I'm concerned. Again, you need to calculate the amount of deposit, calculate the frequency of investment, etc.
P.S. If you came into this market yesterday. The best solution is to sit on the fence (for a while) and watch what is going on. And only then, take minimal actions. Taking into account risk management! 8)
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Always Start accumulation very early, don't wait until when bull market is close before investing.
If you bought during a bear market, it seems like it’d get pretty easy after you clear one cycle.
But to be even harder for most to hold through the raging Bull.
And if we see the carnage of the last cycle, we begin to understand how hard it is for Hodl.
Investing is managing emotions...and getting lucky. I'm not sure which is more difficult.
Yes, you are right, when the price of bitcoin collapsed from $73k, many people panicked and sold their assets at low prices and ended up losing money. At least when you want to trade in cryptocurrency you have to use a cool head, so that the decision you choose won't make you lose money.
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Yes, you are right, when the price of bitcoin collapsed from $73k, many people panicked and sold their assets at low prices and ended up losing money. At least when you want to trade in cryptocurrency you have to use a cool head, so that the decision you choose won't make you lose money.
It seems that Bitcoin price movements have stabilized and there is no more good news. When Bitcoin prices tend to be stable like this, it will be very dangerous because there will be a potential decline in Bitcoin prices. So we must remain careful when buying Bitcoin at high prices like now.
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Yes, you are right, when the price of bitcoin collapsed from $73k, many people panicked and sold their assets at low prices and ended up losing money. At least when you want to trade in cryptocurrency you have to use a cool head, so that the decision you choose won't make you lose money.
It seems that Bitcoin price movements have stabilized and there is no more good news. When Bitcoin prices tend to be stable like this, it will be very dangerous because there will be a potential decline in Bitcoin prices. So we must remain careful when buying Bitcoin at high prices like now.
The decline will occur when the Bitcoin halving occurs, because all investors have predicted it. This is normal and always occurs in a 4 year cycle. so we don't need to panic, keep holding our coins and if we have the funds we can buy when the price really goes down. because the bullish season is predicted to occur next year.
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This you advise is good but all depends on the time the person also came to the investment of bitcoin and if he comes to understand bitcoin at the time when bitcoin is trading at $42,113 then he has to start from there. And if he thinks that the price is too high for him at that time then he has to wait for the dip to come then start from there. And if the person knew bitcoin at the early time and didn't invest at that time too, you have to consider the financial status of the person. Therefore all depends on the time and the mindset of the person. You have to know whether he has money to invest at that time or not. Don't blame anyone.
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The decline will occur when the Bitcoin halving occurs, because all investors have predicted it. This is normal and always occurs in a 4 year cycle. so we don't need to panic, keep holding our coins and if we have the funds we can buy when the price really goes down. because the bullish season is predicted to occur next year.
That's right, only those who buy at high prices will feel panic, for those of us who already know the right position to buy coins, we will remain calm and try to wait until the price is high and sell the bitcoins we bought during the bearish season.
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The decline will occur when the Bitcoin halving occurs, because all investors have predicted it. This is normal and always occurs in a 4 year cycle. so we don't need to panic, keep holding our coins and if we have the funds we can buy when the price really goes down. because the bullish season is predicted to occur next year.
That's right, only those who buy at high prices will feel panic, for those of us who already know the right position to buy coins, we will remain calm and try to wait until the price is high and sell the bitcoins we bought during the bearish season.
If we buy at the base price during a bearish season, we will not panic when we see a price drop or market correction. investing is buying when prices are low, that's the main key. If we have done that, just wait for the bullish season and sell it
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But there are times when tomorrow's price is cheaper than today's price, because market movements are not easy to predict even though in the end we will encounter a bullish market to end trading. Buying sometimes still requires a strategy and everyone has the right to adopt the strategy they like, because they themselves will be responsible for how they trade.
If you want to buy early, without taking into account time and chart calculations like people doing technical analysis, then the solution is to do DCA. You can buy it in stages without having to worry about market movements, because the purchase price will automatically become an average as long as purchases are made gradually and continuously.
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Acctually we saw most of the people buy bitcoin of FOMO and they fall in trap. But it is wrong decision i strongly believe it. In FOMO market were up for short time but after FOMO market were come his real position.
I also fall in this FOMO trap several times. And i was lost my valuable fund with short time. So we have to more careful to buy bitcoin. We have to justify more and more to buy bitcoin.
If we unable to understand about FOMO then it will be very harmful for us. And i think our fund will be hamper there has no doubt.
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If we buy at the base price during a bearish season, we will not panic when we see a price drop or market correction. investing is buying when prices are low, that's the main key. If we have done that, just wait for the bullish season and sell it
Base price? I don't know if Bitcoin has a base price, mate. :D
If we bought at bearish season, no doubt we will buy at a cheap price. It is the time when Bitcoin price freefall, the best time to do entry. Next cycle, 2026-2027 probably will be the bearish time. I personally have planned to buy Bitcoin as many as possible at that years. However, we must focus on determining the best time for exit now. Some people may consider in Q3-Q4 of 2024, others plans for exit in 2025. How about you?
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Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.
If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.
Always Start accumulation very early, don't wait until when bull market is close before investing.
OP, I think that people invest in Bitcoin according to when they have the money they can afford to lose. Some people can find themselves lucky to invest in bitcoin when the price is low side and some invest when the price is high side due to that's when they have the funds to invest in bitcoin. In whichever way, whether the investor bought a low price or high price since their intention is hodl for long, they are in for profits in the future
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OP, I think that people invest in Bitcoin according to when they have the money they can afford to lose. Some people can find themselves lucky to invest in bitcoin when the price is low side and some invest when the price is high side due to that's when they have the funds to invest in bitcoin. In whichever way, whether the investor bought a low price or high price since their intention is hodl for long, they are in for profits in the future
Agree, not many people dare to decide to invest in bitcoin because so far bitcoin has had unstable price movements, as is currently happening, the price of bitcoin has collapsed and made many people panic. Investors will buy at whatever price bitcoin is available, but I think we should buy bitcoin at a cheap price even though it takes too long to wait for bitcoin to fall to the bottom price again.
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we must focus on determining the best time for exit now. Some people may consider in Q3-Q4 of 2024, others plans for exit in 2025. How about you?
Wouldn't that depend on the price movement of Bitcoin after the halving and during the bull run? You can't decide a time for your exit strategy because the market is unpredictable and you never know, if the price might be in the correction mode when the time you had in mind reaches, so the exit decision for Bitcoin investors would largely depend on the price movement later this year.
A lot of investors will exit the market very early just like previous cycles where people sold their assets when Bitcoin hit a significant price point because people though it wouldn't go higher than this but then it did, and all of them regretted their decisions and thought they should have waited a bit longer.
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The decline will occur when the Bitcoin halving occurs, because all investors have predicted it. This is normal and always occurs in a 4 year cycle. so we don't need to panic, keep holding our coins and if we have the funds we can buy when the price really goes down. because the bullish season is predicted to occur next year.
That's right, only those who buy at high prices will feel panic, for those of us who already know the right position to buy coins, we will remain calm and try to wait until the price is high and sell the bitcoins we bought during the bearish season.
Many people said the market took them unaware and it is very high, that they are waiting for correction. As we speak bitcoin has corrected and back to $60k, what have they done? They are waiting for more decline and before they will understand, the price will pick up again to progress to the bull run and then there will be more bugs because of FOMO. So, there's definitely gonna be FOMO buying, it's part of the cryptocurrency industry.
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Many people said the market took them unaware and it is very high, that they are waiting for correction. As we speak bitcoin has corrected and back to $60k, what have they done? They are waiting for more decline and before they will understand, the price will pick up again to progress to the bull run and then there will be more bugs because of FOMO. So, there's definitely gonna be FOMO buying, it's part of the cryptocurrency industry.
I think expectations of a deeper correction are justified in the current market conditions, but we need to keep a close eye on whether the bears can break the support around $60-61k or not. If they can, the BTC price will most likely dump to $50-52k. Alternatively, if the bulls take the initiative and can push back from the current level, the BTC price will return above $70k.
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Many people said the market took them unaware and it is very high, that they are waiting for correction. As we speak bitcoin has corrected and back to $60k, what have they done? They are waiting for more decline and before they will understand, the price will pick up again to progress to the bull run and then there will be more bugs because of FOMO. So, there's definitely gonna be FOMO buying, it's part of the cryptocurrency industry.
I think expectations of a deeper correction are justified in the current market conditions, but we need to keep a close eye on whether the bears can break the support around $60-61k or not. If they can, the BTC price will most likely dump to $50-52k. Alternatively, if the bulls take the initiative and can push back from the current level, the BTC price will return above $70k.
Hopefully not, I have seen someone in a social media group says that as we zoom out the chart on BTC, we can see that the chart is forming a cup and handle pattern. Meaning a bullish pattern that we can expect to see on the next coming months which might also be exactly the take effect of the halving. If the bear breaks the support and go deeper to $50-$52k range, who knows what will happen next or how long it will take for Bitcoin to recover and go back to green.
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Agree. The whole FOMO thing ate me up inside when I first started trading crypto currencies. Back then, I was so overwhelmed and tempted. The good news was I was pretty broke back then (I am not sure if it is a piece of good news) so it didn't cause a huge demange.
Now I realize this is kind of like a business and you need to take it seriously otherwise you will be the dishes. Make a plan for trade and trade by the plan you make. That's all I do now.
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Agree. The whole FOMO thing ate me up inside when I first started trading crypto currencies. Back then, I was so overwhelmed and tempted. The good news was I was pretty broke back then (I am not sure if it is a piece of good news) so it didn't cause a huge demange.
Now I realize this is kind of like a business and you need to take it seriously otherwise you will be the dishes. Make a plan for trade and trade by the plan you make. That's all I do now.
It's a good step to make a trading plan, because in investing we must have a plan, including determining the selling target for the coins we own. FOMO is something that makes us unable to rationally determine our steps in investing.
Apart from that, avoid hype coins because usually when the market suddenly drops, we are late in entering so we are trapped in high prices.
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I think expectations of a deeper correction are justified in the current market conditions, but we need to keep a close eye on whether the bears can break the support around $60-61k or not. If they can, the BTC price will most likely dump to $50-52k. Alternatively, if the bulls take the initiative and can push back from the current level, the BTC price will return above $70k.
People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.
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I think expectations of a deeper correction are justified in the current market conditions, but we need to keep a close eye on whether the bears can break the support around $60-61k or not. If they can, the BTC price will most likely dump to $50-52k. Alternatively, if the bulls take the initiative and can push back from the current level, the BTC price will return above $70k.
People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.
I also agree with you, I don't think the price of bitcoin will fall below $60K, because bitcoin seems to have improved again and it is possible that the price of $70K will be reached as soon as possible, maybe next week we will see it. Many expect the price of bitcoin to fall further, that's just those who have prepared USD to buy bitcoin at a lower price
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People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.
There are still many FUDs I don't know if they are telling facts but for me, the price increase recently back to $63k this might be a sign of bullish reversal currently the price action of Bitcoin is trying to retest the $64k road it fail recently but let's wait tomorrow if it will success or not if it fails it will drop back to around $62k or maybe it would stay at $63k to retest the $64k resistance if its success we would see a big impact after block halving but I heard there is an upcoming correction? I don't know if it's true but if its true the price may drop later before block halving.
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People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.
I also agree with you, I don't think the price of bitcoin will fall below $60K, because bitcoin seems to have improved again and it is possible that the price of $70K will be reached as soon as possible, maybe next week we will see it. Many expect the price of bitcoin to fall further, that's just those who have prepared USD to buy bitcoin at a lower price
It's good that the BTC price was pushed from $60k, but it's too early to be happy about it. We can talk about continuing the bullish trend only if the BTC price breaks through the resistance near the current ATH. Meanwhile, it seems to me, there is some uncertainty in the market. That's why BTC is trading in a relatively small range from $60k to $73k.
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People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.
I also agree with you, I don't think the price of bitcoin will fall below $60K, because bitcoin seems to have improved again and it is possible that the price of $70K will be reached as soon as possible, maybe next week we will see it. Many expect the price of bitcoin to fall further, that's just those who have prepared USD to buy bitcoin at a lower price
It's good that the BTC price was pushed from $60k, but it's too early to be happy about it. We can talk about continuing the bullish trend only if the BTC price breaks through the resistance near the current ATH. Meanwhile, it seems to me, there is some uncertainty in the market. That's why BTC is trading in a relatively small range from $60k to $73k.
This morning Bitcoin experienced a decline to a price of 59k. But that only lasted a short time and the market returned to its slow rise. And as I write this, the BTC price is even above 64k again. And just now it has reached 65k again. And keep going up and down in that area. Maybe FOMO and fear are covering the market right now. People are scared and selling because of the news of Israel's attack on Iran. And there are also people who have FOMO because in a few hours the Bitcoin halving will come. And now the market has become uncertain.
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People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.
I also agree with you, I don't think the price of bitcoin will fall below $60K, because bitcoin seems to have improved again and it is possible that the price of $70K will be reached as soon as possible, maybe next week we will see it. Many expect the price of bitcoin to fall further, that's just those who have prepared USD to buy bitcoin at a lower price
It's good that the BTC price was pushed from $60k, but it's too early to be happy about it. We can talk about continuing the bullish trend only if the BTC price breaks through the resistance near the current ATH. Meanwhile, it seems to me, there is some uncertainty in the market. That's why BTC is trading in a relatively small range from $60k to $73k.
This morning Bitcoin experienced a decline to a price of 59k. But that only lasted a short time and the market returned to its slow rise. And as I write this, the BTC price is even above 64k again. And just now it has reached 65k again. And keep going up and down in that area. Maybe FOMO and fear are covering the market right now. People are scared and selling because of the news of Israel's attack on Iran. And there are also people who have FOMO because in a few hours the Bitcoin halving will come. And now the market has become uncertain.
These days I have been thinking about that very problem that could be between a war between those countries, and if that happens it is not good for the market , obviously it will cause panic and many will sell to take refuge in the origin, it is the safest thing that the investors, but things for these investors are very changeable, and this morning seeing the news I realized that many countries have advocated for this war not to occur, even the country of Russia itself urged them to resolve the problem and Let them not pass it on to adults, I have seen that these Countries are very radical, for example Iran said that if they finish it they should live with the consequences because it was going to attack with everything, and last night Israel attacked, which I think As more than proving the problem, I hope this doesn't happen for anything in the world.
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These days I have been thinking about that very problem that could be between a war between those countries, and if that happens it is not good for the market , obviously it will cause panic and many will sell to take refuge in the origin, it is the safest thing that the investors, but things for these investors are very changeable, and this morning seeing the news I realized that many countries have advocated for this war not to occur, even the country of Russia itself urged them to resolve the problem and Let them not pass it on to adults, I have seen that these Countries are very radical, for example Iran said that if they finish it they should live with the consequences because it was going to attack with everything, and last night Israel attacked, which I think As more than proving the problem, I hope this doesn't happen for anything in the world.
Nobody likes war, they want to live in peace. And it's best to stop the war and find the best solution for both of them. Because war will have a negative impact on humans and the country's economic system and also have an impact on the global economy. Hopefully crypto will not be affected by this war
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OP, I think that people invest in Bitcoin according to when they have the money they can afford to lose. Some people can find themselves lucky to invest in bitcoin when the price is low side and some invest when the price is high side due to that's when they have the funds to invest in bitcoin. In whichever way, whether the investor bought a low price or high price since their intention is hodl for long, they are in for profits in the future
Agree, not many people dare to decide to invest in bitcoin because so far bitcoin has had unstable price movements, as is currently happening, the price of bitcoin has collapsed and made many people panic. Investors will buy at whatever price bitcoin is available, but I think we should buy bitcoin at a cheap price even though it takes too long to wait for bitcoin to fall to the bottom price again.
of course we buy bitcoin during a cheap, bearish season and keep holding it for the long term. Many investors do that, they will hold it for 3 years, then sell it during the bullish season.
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People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.
I also agree with you, I don't think the price of bitcoin will fall below $60K, because bitcoin seems to have improved again and it is possible that the price of $70K will be reached as soon as possible, maybe next week we will see it. Many expect the price of bitcoin to fall further, that's just those who have prepared USD to buy bitcoin at a lower price
It's good that the BTC price was pushed from $60k, but it's too early to be happy about it. We can talk about continuing the bullish trend only if the BTC price breaks through the resistance near the current ATH. Meanwhile, it seems to me, there is some uncertainty in the market. That's why BTC is trading in a relatively small range from $60k to $73k.
This morning Bitcoin experienced a decline to a price of 59k. But that only lasted a short time and the market returned to its slow rise. And as I write this, the BTC price is even above 64k again. And just now it has reached 65k again. And keep going up and down in that area. Maybe FOMO and fear are covering the market right now. People are scared and selling because of the news of Israel's attack on Iran. And there are also people who have FOMO because in a few hours the Bitcoin halving will come. And now the market has become uncertain.
As Bitcoin is highly volatile, many people are quite concerned about the price of Bitcoin. Any time the price goes up and down. Now this is a great concern with Bitcoin. However, in recent times, the alliance between Israel and Iran has gradually taken on a larger form. At the same time that Bitcoin halving is occurred and the price of Bitcoin could be bullish but the opposite happens. Investors are selling their bitcoins in panicky without understanding. What I understand is that if a war breaks out, the fiat currency is supposed to drop down. A better policy is to hold Bitcoin coins to keep your wealth secure to yourself. I am certainly say bitcoin price will rise.
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As Bitcoin is highly volatile, many people are quite concerned about the price of Bitcoin. Any time the price goes up and down. Now this is a great concern with Bitcoin. However, in recent times, the alliance between Israel and Iran has gradually taken on a larger form. At the same time that Bitcoin halving is occurred and the price of Bitcoin could be bullish but the opposite happens. Investors are selling their bitcoins in panicky without understanding. What I understand is that if a war breaks out, the fiat currency is supposed to drop down. A better policy is to hold Bitcoin coins to keep your wealth secure to yourself. I am certainly say bitcoin price will rise.
Saving money in bitcoin is a safe way to do it when a war occurs, because real life settings can be affected. Maybe currently Bitcoin seems to be struggling during the halving because investors are still waiting for clarity on the economy due to the impending war between Iran and Israel.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
The best time to buy is when the market is on the bear trend but always remember that even if the market is dipping never invest or buy using money coming from loans because of the market volatility you never know when will you profit from your investment.
Only invest what you can afford to lose, DCA is one of the best strategies to implement when accumulating Bitcoin.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
The best time to buy is when the market is on the bear trend but always remember that even if the market is dipping never invest or buy using money coming from loans because of the market volatility you never know when will you profit from your investment.
Only invest what you can afford to lose, DCA is one of the best strategies to implement when accumulating Bitcoin.
In my own opinion, there's nothing like "best time to buy" when talking about Bitcoin investment, everytime is a best time to buy, whether in a DIP, Bear market or even in the middle of a bull run, because you can never predict Bitcoin's next move.
There's every tendancy of bitcoin hitting a crazy dip after a long time of sustaining in a bear market, so you could buy in a bear market with and predict the next move to be a green but still hit a crazy ass red.
Just buy when you can and HODL. no matter how long it takes it's 100% certain that the market you break through it's current ATH and reach a new one so the secret is just to BUY whenever you can and HODL. You're right that the DCA strategy could also appear to be quite helpful when trying to accumulate bitcoin. By spreading out your investment and buying at specific interval, you're at advantage because you get the chance to buy more when the price is low and less when the price is high.
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The best time to buy is when the market is on the bear trend but always remember that even if the market is dipping never invest or buy using money coming from loans because of the market volatility you never know when will you profit from your investment.
Only invest what you can afford to lose, DCA is one of the best strategies to implement when accumulating Bitcoin.
I think that we still have a chance to buy bitcoin and some top altcoins because the market is not as high as that was predicted and if predictions show accuracy then after Bitcoin reaching to 100k$ altcoins will also reach to maximum level and it will be profitable for every investor.
Investment is not profitable if you use borrowed money for it but instead it will maximize your efforts as well as your stress because if you use your own money then you will not be worried about loss but if you lose borrowed amount then there will be no option to recover that money so you will take loan again and again that will become worse part of your life.
Use your own money whether it's too little and if you use the DCA method then your burden will be neglected so buy when you have money even little by little no matter how long you buy but use your own money.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
The best time to buy is when the market is on the bear trend but always remember that even if the market is dipping never invest or buy using money coming from loans because of the market volatility you never know when will you profit from your investment.
Only invest what you can afford to lose, DCA is one of the best strategies to implement when accumulating Bitcoin.
I agree with you, never invest with borrowed money, it will make us panic when the market dumps, and the price becomes below our purchase price. intend to invest using free money. I also bought when it was bearish and held until it was bullish, that's what I've been doing for a long time
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Always Start accumulation very early, don't wait until when bull market is close before investing.
The best time to buy is when the market is on the bear trend but always remember that even if the market is dipping never invest or buy using money coming from loans because of the market volatility you never know when will you profit from your investment.
Only invest what you can afford to lose, DCA is one of the best strategies to implement when accumulating Bitcoin.
- It seems like we have the market in a correction period right now, although it hasn't reached the full correction yet, right? What do you think, mate? Is that right? The other altcoins that are in the top listing are still low so far in terms of their price values in the market.
So it is still timely to buy them, like Sol, Aptos, ARb, Matic, and others that are in the top listing of the market. People who are open to this field of industry are envious that there is a lot of money to buy.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
The best time to buy is when the market is on the bear trend but always remember that even if the market is dipping never invest or buy using money coming from loans because of the market volatility you never know when will you profit from your investment.
Only invest what you can afford to lose, DCA is one of the best strategies to implement when accumulating Bitcoin.
- It seems like we have the market in a correction period right now, although it hasn't reached the full correction yet, right? What do you think, mate? Is that right? The other altcoins that are in the top listing are still low so far in terms of their price values in the market.
So it is still timely to buy them, like Sol, Aptos, ARb, Matic, and others that are in the top listing of the market. People who are open to this field of industry are envious that there is a lot of money to buy.
Yes, yesterday the crypto market experienced a correction during the halving, and today the price of bitcoin started to rise. And I saw the market starting to turn green, altcoins starting to rise in price. A correction is the right time to buy bitcoin if you still have funds, because we can sell it when it is bullish and make a profit.
FOMO is a problem for our mentality. If we can't manage our emotions when we have FOMO, we will lose.
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These days I have been thinking about that very problem that could be between a war between those countries, and if that happens it is not good for the market , obviously it will cause panic and many will sell to take refuge in the origin, it is the safest thing that the investors, but things for these investors are very changeable, and this morning seeing the news I realized that many countries have advocated for this war not to occur, even the country of Russia itself urged them to resolve the problem and Let them not pass it on to adults, I have seen that these Countries are very radical, for example Iran said that if they finish it they should live with the consequences because it was going to attack with everything, and last night Israel attacked, which I think As more than proving the problem, I hope this doesn't happen for anything in the world.
Nobody likes war, they want to live in peace. And it's best to stop the war and find the best solution for both of them. Because war will have a negative impact on humans and the country's economic system and also have an impact on the global economy. Hopefully crypto will not be affected by this war
Well, I hope that war doesn't happen. Although many have advocated for it not to happen more, what happens is that Iran is a country that threatened not to attack it otherwise things would be worse, I could say that this could become fundamental and the market will be affected, In fact, when the rumors of war began to be seen, the price dropped and that is not a good thing. I hope that there is no war for anything in the world, not so much for the crypto thing, but that blood should not be shed in the world. innocent, that is what we must see so that things can be generated in the best way.
Sometimes when we are thinking about what we should do, it is about being patient and if something like that happens, then you have to be patient, being in hodl mode is what I could recommend, so as not to panic.
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These days I have been thinking about that very problem that could be between a war between those countries, and if that happens it is not good for the market , obviously it will cause panic and many will sell to take refuge in the origin, it is the safest thing that the investors, but things for these investors are very changeable, and this morning seeing the news I realized that many countries have advocated for this war not to occur, even the country of Russia itself urged them to resolve the problem and Let them not pass it on to adults, I have seen that these Countries are very radical, for example Iran said that if they finish it they should live with the consequences because it was going to attack with everything, and last night Israel attacked, which I think As more than proving the problem, I hope this doesn't happen for anything in the world.
Nobody likes war, they want to live in peace. And it's best to stop the war and find the best solution for both of them. Because war will have a negative impact on humans and the country's economic system and also have an impact on the global economy. Hopefully crypto will not be affected by this war
Well, I hope that war doesn't happen. Although many have advocated for it not to happen more, what happens is that Iran is a country that threatened not to attack it otherwise things would be worse, I could say that this could become fundamental and the market will be affected, In fact, when the rumors of war began to be seen, the price dropped and that is not a good thing. I hope that there is no war for anything in the world, not so much for the crypto thing, but that blood should not be shed in the world. innocent, that is what we must see so that things can be generated in the best way.
Sometimes when we are thinking about what we should do, it is about being patient and if something like that happens, then you have to be patient, being in hodl mode is what I could recommend, so as not to panic.
If the war escalates it will affect the global economy, and crypto prices will be affected. There is no good influence in war because it only causes losses. As we saw when war was declared between Israel and Iran, the price of Bitcoin fell. although currently the price of bitcoin is recovering.
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If the war escalates it will affect the global economy, and crypto prices will be affected. There is no good influence in war because it only causes losses. As we saw when war was declared between Israel and Iran, the price of Bitcoin fell. although currently the price of bitcoin is recovering.
I just hope that this war does not happen, in fact things are calm, because I have seen that there is no longer much incidence, of course the threats are a fact , the problem with this is that sometimes wars occur due to misunderstandings that do not have very Important , but I think that now the countries of the world want to show their potential to be Able to see that they are in Something more and that they are not weak, like after the Second World War to the European countries and in many , because they do not want to have Economic Hegemony world, perhaps it is something that influences the Economy, power, Everything, that is why when we see that these types of Confrontations are being generated, because if many countries come together, it is worse, a War will never be good, to the point that the markets become a total crash , even the BTC can be Greatly Affected and mitigate the effects that for now they have, which are a bullish rally.
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If the war escalates it will affect the global economy, and crypto prices will be affected. There is no good influence in war because it only causes losses. As we saw when war was declared between Israel and Iran, the price of Bitcoin fell. although currently the price of bitcoin is recovering.
I just hope that this war does not happen, in fact things are calm, because I have seen that there is no longer much incidence, of course the threats are a fact , the problem with this is that sometimes wars occur due to misunderstandings that do not have very Important , but I think that now the countries of the world want to show their potential to be Able to see that they are in Something more and that they are not weak, like after the Second World War to the European countries and in many , because they do not want to have Economic Hegemony world, perhaps it is something that influences the Economy, power, Everything, that is why when we see that these types of Confrontations are being generated, because if many countries come together, it is worse, a War will never be good, to the point that the markets become a total crash , even the BTC can be Greatly Affected and mitigate the effects that for now they have, which are a bullish rally.
The impact of war will always be bad in all sectors. So we all always hope that war will never happen. But the current conditions are quite difficult to understand. And right now, like it or not, we have to continue trying to understand the existing situation. So that we know when the market will reverse direction because of fud news. So that we can always immediately save the value of our assets properly.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
That's right. It is very perfect for everyone to enter the crypto market when the price of bitcoin and other top altcoins is low price, but it is not everyone that will enter the market at the same time. There will be some investors who will get to know about bitcoin at its bull run, they will like to invest because of what the future holds for bitcoin in this bull run. You wouldn't advise someone who have such goal of making profits in bitcoin for long term not to invest because they miss to invest in bitcoin at low price. Your advice will be for them to go on to invest in bitcoin, so long as they are investing with the money they can afford to lose and they have a long term investment plan.
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If the war escalates it will affect the global economy, and crypto prices will be affected. There is no good influence in war because it only causes losses. As we saw when war was declared between Israel and Iran, the price of Bitcoin fell. although currently the price of bitcoin is recovering.
I just hope that this war does not happen, in fact things are calm, because I have seen that there is no longer much incidence, of course the threats are a fact , the problem with this is that sometimes wars occur due to misunderstandings that do not have very Important , but I think that now the countries of the world want to show their potential to be Able to see that they are in Something more and that they are not weak, like after the Second World War to the European countries and in many , because they do not want to have Economic Hegemony world, perhaps it is something that influences the Economy, power, Everything, that is why when we see that these types of Confrontations are being generated, because if many countries come together, it is worse, a War will never be good, to the point that the markets become a total crash , even the BTC can be Greatly Affected and mitigate the effects that for now they have, which are a bullish rally.
The impact of war will always be bad in all sectors. So we all always hope that war will never happen. But the current conditions are quite difficult to understand. And right now, like it or not, we have to continue trying to understand the existing situation. So that we know when the market will reverse direction because of fud news. So that we can always immediately save the value of our assets properly.
You are right about that, one of the things that we as market speculators, even as investors, must be aware of what is happening in the world, because anything, threat of war, the price will go down, I'm not saying that because they want to change bitcoin to usdt or a more stable currency, I also think that if this happens, I hope not, but if it happens, they have to be very clear that the price is like that, because some will take advantage. buying, and we have not yet had the effect of the bitcoin halving nor have we had the effect of the ETF, so in this case things can happen very differently and can be very decisive, that is why you have to be very attentive to everything, The news, anything has an almost immediate effect on the market.
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That's right. It is very perfect for everyone to enter the crypto market when the price of bitcoin and other top altcoins is low price, but it is not everyone that will enter the market at the same time. There will be some investors who will get to know about bitcoin at its bull run, they will like to invest because of what the future holds for bitcoin in this bull run. You wouldn't advise someone who have such goal of making profits in bitcoin for long term not to invest because they miss to invest in bitcoin at low price. Your advice will be for them to go on to invest in bitcoin, so long as they are investing with the money they can afford to lose and they have a long term investment plan.
That's right, if you don't want to accept higher risks, DCA can be done with money that is free from primary needs. Using money that you are ready to lose is safer than having to force yourself to get high profits but not being able to perfectly implement the correct trading strategy. In fact, it will only increase the risk in trading.
It is better for us to pay attention to allocations for investments that will never affect our main assets. So, for example, if we need money suddenly, the free money will not be touched and will not decrease. And also we can still survive.
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That's right. It is very perfect for everyone to enter the crypto market when the price of bitcoin and other top altcoins is low price, but it is not everyone that will enter the market at the same time. There will be some investors who will get to know about bitcoin at its bull run, they will like to invest because of what the future holds for bitcoin in this bull run. You wouldn't advise someone who have such goal of making profits in bitcoin for long term not to invest because they miss to invest in bitcoin at low price. Your advice will be for them to go on to invest in bitcoin, so long as they are investing with the money they can afford to lose and they have a long term investment plan.
That's right, if you don't want to accept higher risks, DCA can be done with money that is free from primary needs. Using money that you are ready to lose is safer than having to force yourself to get high profits but not being able to perfectly implement the correct trading strategy. In fact, it will only increase the risk in trading.
It is better for us to pay attention to allocations for investments that will never affect our main assets. So, for example, if we need money suddenly, the free money will not be touched and will not decrease. And also we can still survive.
DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.
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DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.
Exactly, with this DCA method we will unconsciously have a very large amount of bitcoin assets, what we need to do is keep buying bitcoins no matter how much money we have and it won't feel like the number of bitcoins we have will grow a lot.
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DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.
A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.
The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.
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DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.
A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.
The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.
This would really be the #1 rule that you should really be having in mind when it comes on investing on crypto on which dont make yourself that believe that there's really a guarantee
when it comes to investments on which we do know that everything cant really be known whether it would really be making out such movement or not. Always consider about the risks
because this is something that will really be that having something on which this isnt really just that limited on crypto investment but also in other investment as well.
On the time that you do invest your life savings or emergency funds then you would really be having that kind of impulsive feeling from time to time.
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DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.
A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.
The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.
That's right, we have to use money specifically for investing or trading. Never mix money used to buy living necessities and money for trading or investing. The importance of managing the finances we have is very useful so that our life becomes calm and makes us stressed when the money we have all goes into cryptocurrency but is stuck at high prices.
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A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.
Well said dear, as we should only invest in which we can't be afraid to lose. Although I don't think in this world there would be a person who wants his/her money to be lost and won't be afraid to lose. But what this statement meant is the same as you mentioned. We should not invest with the money we are living on, we are going to face our expenses. If we have some savings, then IMO it would be wise to save them in the form of BTC.
But first, we have to consider the timing as well, i.e. if its already a bull market then it is idiotic to save funds in the form of BTC now. but if you are planning to save funds for a longer period of time like for the next halving, then you can proceed.
The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.
Even if the money is free from obligations, the person can fall into some kind of stress or worry or maybe in some emergency as well. Which can require him/her to get more funds then he have saved in an emergency account. We can't predict the future completely and I hope we never have to face such emergencies.
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DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.
A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.
The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.
That's right, we have to use money specifically for investing or trading. Never mix money used to buy living necessities and money for trading or investing. The importance of managing the finances we have is very useful so that our life becomes calm and makes us stressed when the money we have all goes into cryptocurrency but is stuck at high prices.
If prices fall and we are trapped in high prices, this will cause panic and stress if we don't use free money, because we will use that money to meet our needs. So we should look for capital by participating in bounty campaigns and airdrops to get rewards that we can use for trading or holding.
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Always Start accumulation very early, don't wait until when bull market is close before investing.
Accumulating bitcoin early is good for those who find out about it and invest in it when they have the spare money. Not all investors in crypto were lucky to invest in bitcoin early, don't forget about that. Many invested when they had the money to invest, which is not a bad move, so long they will be hodling their bitcoin for long.