See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality. Price did not hold if there are not strong believers and investors. It's not luckiness for Bitcoin, Gold and their investors to hold price in bear markets and tested in many bear markets in history. Their cycles can be longer or shorter but you can see how psychology of market cycle works.
Just as Rothschild said , buy when there is blood in the streets:I like the graphics and I understand what Rothschild wanted to imply. You can not buy your own blood and you need to have money to buy anything, includes your own blood. This emphasizes the importance of capital management and strategy to always prepare money for buying dips.
(https://preview.redd.it/4aa4pakk9gz11.jpg?auto=webp&s=b13df990310fe04489831219508d727ce5573f24)
The idea of buying the dip and selling at a massive price increase is literally tied to decision making.All things of the past are reflected on the price chart, zoom out, you can see price movements historically. However, you don't have experience in the market by looking at a chart. Lack of experience in the market, will affect your decisions with market dip in future. Experience is another important factor for investors and traders, after fundamental knowledge.
From the first cent that Bitcoin was worth to the current thousands of dollars, the Bitcoin cycle is enough evidence to show that Bitcoin is a digital asset worth investing in without being told
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The point is not go with buzzworda and trends. We want to be doing the opposite of everyone. Buying when the price is falling, and selling when the price is hitting ath or close by.
I didn't start to sell in this cycle yet, I plan to do so after we pass 80k. I hope we do soon.
The "problem" is that the majority do not think for themselves, but are constantly under the influence of the media and so-called "influencers". Even when people know that they are doing something possibly wrong, they will not give up if they see that others are not reacting. I bet that nowadays many people ask AI what to do, as if they will get a good answer that way.Asking AI can be better than asking influencers and I know AI can lie you too for what it does not know from its available database. However, AI will not give you answers because they want to distort fact like influencers to get profit, while you will get loss. At least severity of this biased answers from AI will be less than from bad influencers.
$80k seems like a good start, but $100k is even better - although I don't stress too much about it since I sell when I need to ;)It is always interesting to see people start to predict, speculate price of Bitcoin after a halving. You are in this market a longer time than me, so I have nothing to 'teach' you.
Asking AI can be better than asking influencers and I know AI can lie you too for what it does not know from its available database. However, AI will not give you answers because they want to distort fact like influencers to get profit, while you will get loss. At least severity of this biased answers from AI will be less than from bad influencers.
It is always interesting to see people start to predict, speculate price of Bitcoin after a halving. You are in this market a longer time than me, so I have nothing to 'teach' you.
Let's say it for newbies, they must zoom out and try to have long term investment mindset. Focus on one cycle sometimes will be very headache but if they can manage to have capital and plan for their investment like 2 or 3 cycles, they will feel investment in Bitcoin is very easy and very profitable.
When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.
The point is not go with buzzworda and trends. We want to be doing the opposite of everyone. Buying when the price is falling, and selling when the price is hitting ath or close by
I didn't start to sell in this cycle yet, I plan to do so after we pass 80k. I hope we do soon
See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality. Price did not hold if there are not strong believers and investors. It's not luckiness for Bitcoin, Gold and their investors to hold price in bear markets and tested in many bear markets in history. Their cycles can be longer or shorter but you can see how psychology of market cycle works.Those who have the balls to buy when everything are panicking are surely the ones that will get the most profit in the long run.
Focus on knowledge, build up belief, then investment plan, success will come.Exactly but many people would like to invest before learning, and doing all those things you said. According to scholars, knowledge is power, once you acquired the knowledge then you have to build up you empire and start your investment aims and goals from there. Success is not something that's very far from people but the way you present yourself and how you are focus and discipline. Knowing what you doing, focus and plan then patient, endurance and persistent working will make you to hit the jackpot one day.
When many people immediately invest without studying first, that is the wrong step. We should first study the coins we choose for investment, so that the money you use for investment remains safe and will not be lost. Patience is indeed an important key to achieving success in the investments we make.Focus on knowledge, build up belief, then investment plan, success will come.Exactly but many people would like to invest before learning, and doing all those things you said. According to scholars, knowledge is power, once you acquired the knowledge then you have to build up you empire and start your investment aims and goals from there. Success is not something that's very far from people but the way you present yourself and how you are focus and discipline. Knowing what you doing, focus and plan then patient, endurance and persistent working will make you to hit the jackpot one day.
When many people immediately invest without studying first, that is the wrong step. We should first study the coins we choose for investment, so that the money you use for investment remains safe and will not be lost. Patience is indeed an important key to achieving success in the investments we make.
People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.I did not know before that a bull run takes 10 years to come for Gold, that's a lot of time, but still, people prefer it. I can't agree more with you on the fact that there is less luck and more knowledge, but OP I was once a newbie, everybody was, and I have read many confessions from newbies that, they said, they get lucky with their BTC investments. Some say, their relatives or friends near them ask them to buy BTC, and at the time they bought they did not have any knowledge but were still able to make a profit.
I think doing the opposite of what everyone does is not just as easy as it is because we all know the fact that we should atleast have enough knowledge in doing so before we proceed to something like jumping into it fully. It also requires patience, effort, consistency and capital before achieving success but yeah that is not that easy as we all know it needs a lot of time prior to hitting the goal.
See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality. Price did not hold if there are not strong believers and investors. It's not luckiness for Bitcoin, Gold and their investors to hold price in bear markets and tested in many bear markets in history. Their cycles can be longer or shorter but you can see how psychology of market cycle works.
Just as Rothschild said , buy when there is blood in the streets:
(https://preview.redd.it/4aa4pakk9gz11.jpg?auto=webp&s=b13df990310fe04489831219508d727ce5573f24)
The point is not go with buzzworda and trends. We want to be doing the opposite of everyone. Buying when the price is falling, and selling when the price is hitting ath or close by
I didn't start to sell in this cycle yet, I plan to do so after we pass 80k. I hope we do soon
It also requires patience, effort, consistency and capital before achieving success but yeah that is not that easy as we all know it needs a lot of time prior to hitting the goal.