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
~snip~
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.
I didn't start to sell in this cycle yet, I plan to do so after we pass 80k. I hope we do soonI think if the market crosses 80K then the market can touch 100K as well. And currently the market is standing at around 67K but there is not enough confidence due to which the market is increasing but it is decreasing again. But I confidently believe that the market will quickly turn bullish again. A bullish movement can be seen especially in the last quarter of this year. I am holding my investment and I will hold my investment until my expected level is reached.
I think the goal should more of not doing exactly what others are doing, to try and modify what others are doing and not necessarily do the opposite, because in some cases, everyone could be doing the right thing but not doing it well, so doing the opposite means doing the wrong thing while trying to do it right and the result would still turn out to be wrong.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 is best to do research before buying coins, understand the character and potential of the coins we are going to buy and determine which ones have the most potential to rise. Investment is a matter of getting profits, both in the short and long term, so we must have a thorough plan before doing itWhen 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.
It is best to do research before buying coins, understand the character and potential of the coins we are going to buy and determine which ones have the most potential to rise. Investment is a matter of getting profits, both in the short and long term, so we must have a thorough plan before doing itNormally it is good to make research about the project before one has to invest in it. And that is why people were saying that it is not good to invest in a new project because it has not gained reputation in the cryptocurrency ecosystem space so if one wants to invest he has to invest in a project that has the potentials to invest and not the one that has no value.
Yes, before investing in any coin or any project it is necessary to do research. and knowledge is needed to carry out research. Those who have good knowledge will definitely be able to make good predictions. and the person who is able to predict the potential will definitely succeed. so to invest in something it is necessary to have good knowledge about that thing.It is best to do research before buying coins, understand the character and potential of the coins we are going to buy and determine which ones have the most potential to rise. Investment is a matter of getting profits, both in the short and long term, so we must have a thorough plan before doing itNormally it is good to make research about the project before one has to invest in it. And that is why people were saying that it is not good to invest in a new project because it has not gained reputation in the cryptocurrency ecosystem space so if one wants to invest he has to invest in a project that has the potentials to invest and not the one that has no value.
~snip~
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.
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.I didn't start to sell in this cycle yet, I plan to do so after we pass 80k. I hope we do soon.
$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 ;)
Yes, before investing in any coin or any project it is necessary to do research. and knowledge is needed to carry out research. Those who have good knowledge will definitely be able to make good predictions. and the person who is able to predict the potential will definitely succeed. so to invest in something it is necessary to have good knowledge about that thing.Research or analysis is the main thing that must be done before we invest, we cannot miss this, because if we miss it then maybe in the end we will regret it.
Yeah exactly and that is sad reality about I think almost anything we dreamed of achieving. I personally admire those people who has the most patience regardless of what the situation is. Focus is also very important especailly nowadays that distractions are everywhere.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.
Certainly not so easy.
It requires a lot of psychological focus and patience to sell on good news, and to buy on bad news when the world is collapsing. ...
Yeah exactly and that is sad reality about I think almost anything we dreamed of achieving. I personally admire those people who has the most patience regardless of what the situation is. Focus is also very important especailly nowadays that distractions are everywhere.Patience is one of keys to succeed in investment, long term and in this volatile market, it is more important to succeed and get profit. It is not decisive, though, as if you choose a bad asset for your portfolio, your patience and long term holding will only cause nightmare and severe loss of your capital. It's easier to lose 90% and bigger like 98% to 99% of your capital from a peak during a bull market, within 2 years of bear market.
Diversifying your investment portfolio requires that both gold, the dollar and Bitcoin be present. Otherwise, you may need liquidity, and then you may sell Bitcoin for about 30% of its real value. Therefore, comparing Bitcoin and gold is useless, as you need both in your investment portfolio.Gold is a favorite investment asset with many people especially the elderly or middle aged people but I am quite sure it is not a most favorite choice for young generations. They will be keen on cryptocurrency market in which Bitcoin is a best investment asset for people who prioritize safety of the capital.
Diversifying your investment portfolio requires that both gold, the dollar and Bitcoin be present. Otherwise, you may need liquidity, and then you may sell Bitcoin for about 30% of its real value. Therefore, comparing Bitcoin and gold is useless, as you need both in your investment portfolio.
However when it comes to bitcoin investment long time investment is more better since Bitcoin is volatile engaging in a short time investment may lead to loses so to prevent such is better one engage in a long time investment.
And especially for a newbie into Bitcoin investment is advised to go into Long time Bitcoin investment it will prevent you from losing money.
In my opinion bitcoin is more suitable for the long term, while altcoins are more profitable for the short term. but it all depends on your method of investing, we can be a short-term trader or just a long-term holder. Depending on my respective skills, I run both and enjoy the benefits of them all.
However when it comes to bitcoin investment long time investment is more better since Bitcoin is volatile engaging in a short time investment may lead to loses so to prevent such is better one engage in a long time investment.
And especially for a newbie into Bitcoin investment is advised to go into Long time Bitcoin investment it will prevent you from losing money.
From my personal experience, Bitcoin does not cause losses if it is for the short term, it's just that the profits are different from long-term investments in my opinion, so all decisions are in the hands of the BTC owner himself, whether long-term or short-term, there is no prohibition on when we want to release our own BTC
People who are new or have spent a short time in the market often feel fear when prices drop. Usually, they sell their assets when they see the price is low, thinking that the market will crash. Haha! But I am a little confused as to why they do not take advantage of that opportunity. For wise investors, a decrease in price is an opportunity; they start buying at the lowest price while the newbies are fearful and sell their assets. By the way, the title of the post provides a good strategic plan in a few words.
For traders they prefer short term because that is where good profits came from given that they are more knowledgeable on that field but for investors who has no in depth knowledge about fundamentals and technical analysis they prefer long term hodling and that is also stress proof as you just leave it on your wallet until the estimated time of taking profit. On my part I prefer short term hodling due to my priorities.In my opinion bitcoin is more suitable for the long term, while altcoins are more profitable for the short term. but it all depends on your method of investing, we can be a short-term trader or just a long-term holder. Depending on my respective skills, I run both and enjoy the benefits of them all.
However when it comes to bitcoin investment long time investment is more better since Bitcoin is volatile engaging in a short time investment may lead to loses so to prevent such is better one engage in a long time investment.
And especially for a newbie into Bitcoin investment is advised to go into Long time Bitcoin investment it will prevent you from losing money.
From my personal experience, Bitcoin does not cause losses if it is for the short term, it's just that the profits are different from long-term investments in my opinion, so all decisions are in the hands of the BTC owner himself, whether long-term or short-term, there is no prohibition on when we want to release our own BTC
For traders they prefer short term because that is where good profits came from given that they are more knowledgeable on that field but for investors who has no in depth knowledge about fundamentals and technical analysis they prefer long term hodlinganything can be learned if you have enough motivation to do so if someone wants to get into trading they would need to learn about both types and then decide which one is most suitable for them
Anything can be learned if you have enough motivation to do so if someone wants to get into trading they would need to learn about both types and then decide which one is most suitable for them. We all start with no knowledge so after learning about the basics of both kinds, you will have to then evaluate yourself whether you can do long term or short term and in which will you be most successful.
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.You will get to know about all these you stated, but as you begin to ride on with the crypto market, your level of experience and exposure to the market begins to change that someone shouldn't bug themselves with the kind of information they receive about Bitcoin. What they should focus on is how to invest rightly during the bear market and sell at a high price during the bull market. That's what counts, to make profits at the end of the long term investment plan one chose
If we already have plans for long-term holding, we should not be influenced by the news, because this will only disturb your focus on remaining patient and holding your coins. I agree with this, because we should stay focused on our goals. If a correction occurs, make a purchase if you still have capital.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.You will get to know about all these you stated, but as you begin to ride on with the crypto market, your level of experience and exposure to the market begins to change that someone shouldn't bug themselves with the kind of information they receive about Bitcoin. What they should focus on is how to invest rightly during the bear market and sell at a high price during the bull market. That's what counts, to make profits at the end of the long term investment plan one chose
I still read the latest news, because besides holding for the long term I also do daily trading. so I need updated news that will affect the crypto market. Some friends who only hold for the long term, they only buy and hold waiting for a bullish event, this is also good if they don't have time to monitor the market.If we already have plans for long-term holding, we should not be influenced by the news, because this will only disturb your focus on remaining patient and holding your coins. I agree with this, because we should stay focused on our goals. If a correction occurs, make a purchase if you still have capital.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.You will get to know about all these you stated, but as you begin to ride on with the crypto market, your level of experience and exposure to the market begins to change that someone shouldn't bug themselves with the kind of information they receive about Bitcoin. What they should focus on is how to invest rightly during the bear market and sell at a high price during the bull market. That's what counts, to make profits at the end of the long term investment plan one chose
I also do both as a holder and a trader, so I also read the latest news. Actually, I'm not that busy in the real world with my work, so I can still trade when there is a free team and still monitor market prices at all times. Many only focus on crypto, but I prefer real world work so I have to be able to divide my time.I still read the latest news, because besides holding for the long term I also do daily trading. so I need updated news that will affect the crypto market. Some friends who only hold for the long term, they only buy and hold waiting for a bullish event, this is also good if they don't have time to monitor the market.If we already have plans for long-term holding, we should not be influenced by the news, because this will only disturb your focus on remaining patient and holding your coins. I agree with this, because we should stay focused on our goals. If a correction occurs, make a purchase if you still have capital.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.You will get to know about all these you stated, but as you begin to ride on with the crypto market, your level of experience and exposure to the market begins to change that someone shouldn't bug themselves with the kind of information they receive about Bitcoin. What they should focus on is how to invest rightly during the bear market and sell at a high price during the bull market. That's what counts, to make profits at the end of the long term investment plan one chose
For traders they prefer short term because that is where good profits came from given that they are more knowledgeable on that field but for investors who has no in depth knowledge about fundamentals and technical analysis they prefer long term hodlinganything can be learned if you have enough motivation to do so if someone wants to get into trading they would need to learn about both types and then decide which one is most suitable for them
we all start with no knowledge so after learning about the basics of both kinds, you will have to then evaluate yourself whether you can do long term or short term and in which will you be most successful
I think diversification in investment is a good way for us to do so that we can benefit from many opportunities. In addition to investing in crypto, I also invest in stocks and property, I do this because I need a lot of income for my future and my family. Moreover, currently the crypto market is experiencing a correction, I can only buy and trade but am less focused because there is a concern that the price will suddenly drop sharply.
Just learning new things every day is already big, and then as we evolved, we might learn new investments like stocks and so we can diversify our portfolio so that we will have multiple source of income and that is one secret of successful people, they don't just rely on one source, they have different ways to make money.
So in crypto you can just buy, and then hold. But then you have stocks as well and maybe similar approach. And then if you have other business then that is another source for you.
One should be very knowledgeable and experienced in the field of investment as it plays a very important role for investment. However, our long-term planning and proper preparation when it comes to investing is really important for achieving financial success. A get-rich-quick attempt is usually risky and many people suffer losses because they are not equipped with the necessary knowledge and experience.Knowledge and experience are very much needed in investing. Stay away from emotions that want to get rich quick, because everything needs experience. If you want to get rich quick by relying on luck, this is certainly a big risk, do we dare to take that risk because the probability of winning is very small.
In investing, we must learn and have knowledge. and over time if we already have experience we can make analysis and predictions in choosing coins that we will buy for investment, because the character of each coin is different. If you do not understand the character of the market and coins, you should do research first.
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.