Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bitterguy28 on January 07, 2025, 10:04:06 AM
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if you have been in the community long enough you know well by now that there are different kinds of investors based on how they handle their coins and how they plan to take profit some people hold their coins indefinitely no matter what they will keep holding their coins some people hold their coins only on definite amount of time and takes profit when they deem the price to be high enough or if they are satisfied with the profit they have made
those people who sell during high prices tend to re-buy when the market dips now we know that there is no fool proof plan in investing and sometimes it happens that we regret our decisions it is not that uncommon for someone to sell at a wrong time aka where the price is not yet at the highest now some people would try to get back on the market and buy when the price is high due to fomo but then the market crashes and its an even bigger loss for them than what they had in the first place
but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
i want to hear your perspective.
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If you intend to hold up to the next cycle - clearly, buy at any price and be happy.
If not - just buy at the dips and the correction especially, and don't mourn the prices that were there if you didn't catch what you wanted.
It's going to be great in any case with BTC.
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yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
It depends on your investment and trading strategy. If you are a short-term trader, yes, such a risk may be good to provide more liquidity, which means more profits. However, if you are a beginner or your emotions control you, it is better not to do this.
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~snip~
but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
As has always been said, without sacrifice there is no victory, the important thing in that is what each person understands by sacrifice. Over the years I've been in cryptocurrencies, I've made some of the mistakes you mention, but I do not regret my past actions, since they have made me learn many other things. Thanks to that I have obtained a more critical and focused point of view.
One of your questions is whether we should buy Bitcoin even at a high price. Well, just as no one could imagine or know that Bitcoin would reach $10 in 2011 (I'm sure $10 surprised a lot of people like $100,000 surprises us today), we don't know what will come in the future. But I think it's clear that the current value will also seem small to us at some point. So yes, I think we should buy Bitcoin, even in small quantities. DYOR.
As for greed, it is something we should keep away from ourselves because the greedier we are, the sooner we will probably end up bankrupt. We must differentiate what we need and what we want, they are always very different things.
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Yes, I think that sacrificing is also a best way to improve in crypto currency market. We also believe that if we want to invest in bitcoin, when market is already achieve best position. I think that it will be little losses for us. But when the crypto currency market will be very down, then if we want to invest it will be very prefer for us. But we also believe that sometimes we noticed that few losses will face for us. So for best profit sometimes we noticed some sacrificing in crypto currency market. I think that it will be very simple matter in crypto currency world.
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..but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
i want to hear your perspective.
I wouldn't buy BTC at current prices, I know it'll come down once the bullish phase ends, my buys will start from $60k and below.
Though, there are people who do DCA into coins they like regularly irrespective of prices.
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It is only acceptable for me if I can hodl that long I mean the four year cycle or even just a year or two. But if not then taking profit every single rise like how traders do is a must and from that perspective then it isn't an option buying at the top I should atleast wait for pullbacks before jumping in.
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Investors are trying to make profit as much as possible. From what I have read, they only DCA during the bull season. Buying BTC while price is high and the chart says its on ATH, that investor is if going to lose more if he doesn't sell.
I have been in such situation and crypto market is going to punish those investors until they regret buying at that price. You sacrifice so others will make money? Thats very noble. No one does that.
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This is my third cycle, I've been here since 2017 and I've been through 2 big crashes, I've lost Bitcoin on an exchange, I've seen my portfolio fall by 90%, so I think I've passed the sacrifice part hehehe :P
Today with Bitcoin I have a good part that I'll keep on hold for years to come
A small part I can use to get more satoshis, but with caution
It's very difficult to hit the top or the bottom. We saw what happened to those who waited for BTC to fall to 12k before buying back in a few months ago.
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Looking at how the trend is happening when Bitcoin is bullish, it is a high price and if it forces continuing buying it is because you are affected by FOMO.
It's a good idea to buy when the price is correcting or consolidating, because when it corrects and reaches the lowest support point, it is the best time to buy.
A sacrifice is not necessary when you know how to buy and don't just get swayed by FOMO that ends up trapping prices too high.
I always have a guideline to not be affected by FOMO and wait patiently for a proper purchase when a correction actually occurs.
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You can buy at high price, but you have to wait for little longer to realized profits unlike when you bought at at lower price and time the market. Yes, there are no fool proof strategies, but at least tailor fit it o how much money you are willing to invest and obviously what's your perspective, whether to go short or long term.
The long term mindset you have the better in my opinion. And you will also be tested many times, but I think if you are strong mentally, you are going to survived here, thus making you a good investor base on that experience.
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I find it foolish to re-buy at a higher price when you already sold it. You don't have to sacrifice what you've already gained because there are still cycles even for BTC. In case you felt regret for selling everything too early, just remember that nobody got poorer for taking profit. Be patient when to re-enter the market and have a better plan next time.
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This is my third cycle, I've been here since 2017 and I've been through 2 big crashes, I've lost Bitcoin on an exchange, I've seen my portfolio fall by 90%, so I think I've passed the sacrifice part hehehe :P
Today with Bitcoin I have a good part that I'll keep on hold for years to come
A small part I can use to get more satoshis, but with caution
It's very difficult to hit the top or the bottom. We saw what happened to those who waited for BTC to fall to 12k before buying back in a few months ago.
there is a reason why they keep telling us to buy low sell high because that's how traders should do like its the first commandments of moses.
the guys who made profit the time when their first bull run happen and still keep holding i think are already unafraid whether where the market will go. some are just made a lot of USD from the martyrs who bought at high price and they they will pray the market to fall so deep too so they could buy more coins.
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For Bitcoin, I personally am much more confident compared to altcoins. Therefore, with some strategies that may be very suitable for us, making these sacrifices is still worth it, as long as the market is not really at its peak bull. Well in this case, keep adjusting to our strategy, and never regret anything we decide. Then, take all possible advantages on Bitcoin, yes it is necessary.
In this case, I personally set the selling price of Bitcoin at a certain increase. And if it is felt that the increase on that day is high enough, then I sell some, only some, not all in to sell. Well this is intended to prepare for the next correction. Because in the Bitcoin market, after a significant increase, there will usually be a correction. And that's when it becomes our opportunity to buy Bitcoin when the price drops quite a bit. Then, hold for a while to set profits at a certain rate again. I know this requires more efforts and confidence, but stay strong and don't ever regret the strategy I'm doing. It's my decision and I shouldn't regret it.
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...but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway?
Yes, there is no problem with the idea, that is if you got some stock of money 96Kleft in your pocket buy anytime at any price and the market would be so happy for it. Now, if you are poor as me, I would always watch when there is a dip so that I can save. Just like right now, the price of Bitcoin is at $96K after it reached more than $100K few days ago...there is a small dip so today can be the right time to buy compared to yesterday. And I think if one is a Bitcoin watcher of its ups and downs we are already aware of this pattern and one must take advantage of the opportunity.
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I wouldn't buy BTC at current prices, I know it'll come down once the bullish phase ends, my buys will start from $60k and below.
i know that i could buy more bitcoin once the bearish season starts and i intend to buy during that time too but it does feel regrettable if i let this bullish run go to waste by not maximizing all my profits i was hoping to have made some profit before this cycle ends
Though, there are people who do DCA into coins they like regularly irrespective of prices.
i know this prevents people from becoming too impulsive or too hesitant but i still like to consider what the prices are before i start buying
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yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
It depends on your investment and trading strategy. If you are a short-term trader, yes, such a risk may be good to provide more liquidity, which means more profits. However, if you are a beginner or your emotions control you, it is better not to do this.
Yes, you are on points, buying Bitcoin absolutely depends on individuals trading, investments and holding purposes, whether on a short, long, hold plans. Every investor, trader, holder has plans for his Bitcoin purchases whether the price is high or low.
In facts, traders buys during the dip or corrections periods to make profits, while, the long term investors buys bitcoin to resale in the future. I think that long term investors can buy Bitcoin at certain prices, probably on a high or lower price because they are on a long term plans.
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but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
i want to hear your perspective.
If you are one of those people who tend not to book profit in any time soon, then you should be good to go because in the long term, BTC will surely give profits if things go straight with it, as the USA is now the biggest manipulator of BTC, as the news and the Trump is being speculated about by almost every trader in the world, and the manipulation is also on peak, so therefore this is scary as it can lead us to a situation where China leads us several times. I mean, in the past China bans were really famous, haha.
If you plan to hold for the long term, it's better, and no loss should be even if you buy high, but for the short term, if you would have bought at $108k you would be in loss by now. Therefore buy low.
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but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
i want to hear your perspective.
If you are one of those people who tend not to book profit in any time soon, then you should be good to go because in the long term, BTC will surely give profits if things go straight with it, as the USA is now the biggest manipulator of BTC, as the news and the Trump is being speculated about by almost every trader in the world, and the manipulation is also on peak, so therefore this is scary as it can lead us to a situation where China leads us several times. I mean, in the past China bans were really famous, haha.
If you plan to hold for the long term, it's better, and no loss should be even if you buy high, but for the short term, if you would have bought at $108k you would be in loss by now. Therefore buy low.
Sacrifice is something we must do in any case, but we also cannot just sacrifice, but we must have a reason behind the sacrifice we make, and if it is related to bitcoin, then knowledge must be the reason we sacrifice.
However, if we sacrifice without any knowledge, then I do not recommend it, because the risk will be greater. because this requires a very big mentality.
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but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
i want to hear your perspective.
Greed is something that has a big effect on traders, most times this doesn't affect investors or Bitcoin holders, rather traders mostly, because they see every moves in the market. Buying Bitcoin at its highest price is not really about greed, though FOMO could be a cause of that, but with patience, we know that the price will come up again, and profits will be made. This could take a short or long time, but definitely it will go above the price at which purchase was made. When it comes to buying at its lows, profits can easily be made, cause after every lows, then we expect an uptrend.
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yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
No time is late for someone who has a long term investment plan in Bitcoin. But let that be done with calculations so that the person would make many gains rather than few gains from Bitcoin.
However, many of the people who become wealthy through Bitcoin did that at the right time when Bitcoin was at a decrease, not an increase. And they all sell at the right time(peak of the market).
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However, many of the people who become wealthy through Bitcoin did that at the right time when Bitcoin was at a decrease, not an increase. And they all sell at the right time(peak of the market).
of course though some people were lucky enough to have bought at a high price that was not yet the peak and they have invested huge amounts of money in bitcoin and the risks they took were definitely worth it as it has paid off it is what i was pondering over but i also know that this is very risky and not everyone walks away happily by doing this
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but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
i want to hear your perspective.
This is an unfamiliar territory. for many of us because we are seeing Bitcoin reaching one all-time high to another, and we are afraid that Bitcoin will make a big dive and be in a situation where we have to cut our losses or wait for another all-time high to happen and a possibility that it will take some time before that happens.
Investing now needs a good analysis, and we should have a prepared mind to accept the outcome of the situation. We are in a choice of making a big sacrifice for a possible big profit or cutting our losses.
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However, many of the people who become wealthy through Bitcoin did that at the right time when Bitcoin was at a decrease, not an increase. And they all sell at the right time(peak of the market).
of course though some people were lucky enough to have bought at a high price that was not yet the peak and they have invested huge amounts of money in bitcoin and the risks they took were definitely worth it as it has paid off it is what i was pondering over but i also know that this is very risky and not everyone walks away happily by doing this
And that is actually something we can already see, for example when bitcoin was at 15k at that time. For the people who bought it, now they have made a huge profit.
That is the use of the situation that they do, because when other people are afraid to buy, many people buy it. So when the price goes up they make a decent profit and people who are afraid may not feel this profit.
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Who do not know about Bitcoin may sell their Bitcoin for a small profit. Some expect high profits. Some think that if the price increases slightly, they can sell it there and then buy it regularly when it decreases slightly, then they will make a profit. But if the market becomes bullish after selling, it will definitely be difficult for them to buy Bitcoin again. But if someone knows about Bitcoin well and wants to accumulate Bitcoin for the purpose of implementing long-term plans, then whatever the price of Bitcoin is, it is not a problem. Bitcoin will definitely be bullish in the long term. So whatever the price, it is suitable for buying.
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And that is actually something we can already see, for example when bitcoin was at 15k at that time. For the people who bought it, now they have made a huge profit.
That is the use of the situation that they do, because when other people are afraid to buy, many people buy it. So when the price goes up they make a decent profit and people who are afraid may not feel this profit.
This is what we usually experience from those who are afraid to invest on time when the market seems to be dip or when the price are extremely low and they wouldn't have that feeling to double their investments rather they keeps having this feeling that market will drop or it wouldn't grow anymore where they think that if they invest they will lose for long term before the market will recover and, of course there are people who are not afraid to venture into investments when they sees there is an opportunity to invest on that particular assets than just keep waiting till the assets rises and they regret at last.
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This is what we usually experience from those who are afraid to invest on time when the market seems to be dip or when the price are extremely low and they wouldn't have that feeling to double their investments rather they keeps having this feeling that market will drop or it wouldn't grow anymore where they think that if they invest they will lose for long term before the market will recover and, of course there are people who are not afraid to venture into investments when they sees there is an opportunity to invest on that particular assets than just keep waiting till the assets rises and they regret at last.
That feeling is true to anyone even those who regularly see the bitcoin price since then. It's always those who think who will profit in long term, and those who doubts that maybe the price will dump for any negative reason so they will stay or buy with doubts then later will sell eventually after days of dump or pump, means those short term traders regardless the outcome if gain or loss.
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i want to hear your perspective.
If you are not a short term investor, you can buy BTC anytime, as long as you are not going to buy and start feeling frustrated that you cannot make profit in the short term. Long term investors do not have any problem buying BTC at any price, because they know that they will surely make returns in the long run. So the answer to your question depends on the kind of investor you are.
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And that is actually something we can already see, for example when bitcoin was at 15k at that time. For the people who bought it, now they have made a huge profit.
That is the use of the situation that they do, because when other people are afraid to buy, many people buy it. So when the price goes up they make a decent profit and people who are afraid may not feel this profit.
This is what we usually experience from those who are afraid to invest on time when the market seems to be dip or when the price are extremely low and they wouldn't have that feeling to double their investments rather they keeps having this feeling that market will drop or it wouldn't grow anymore where they think that if they invest they will lose for long term before the market will recover and, of course there are people who are not afraid to venture into investments when they sees there is an opportunity to invest on that particular assets than just keep waiting till the assets rises and they regret at last.
Honestly, maybe we will also feel a little afraid about the price will fall again. However, with the DCA method, we can also be more free to buy again when the price falls again.
There must be courage to start moving, otherwise we will not be able to move to any stage in life. However, that courage must also be based on broad knowledge, so that it does not look like gambling.
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And that is actually something we can already see, for example when bitcoin was at 15k at that time. For the people who bought it, now they have made a huge profit.
That is the use of the situation that they do, because when other people are afraid to buy, many people buy it. So when the price goes up they make a decent profit and people who are afraid may not feel this profit.
This is what we usually experience from those who are afraid to invest on time when the market seems to be dip or when the price are extremely low and they wouldn't have that feeling to double their investments rather they keeps having this feeling that market will drop or it wouldn't grow anymore where they think that if they invest they will lose for long term before the market will recover and, of course there are people who are not afraid to venture into investments when they sees there is an opportunity to invest on that particular assets than just keep waiting till the assets rises and they regret at last.
Honestly, maybe we will also feel a little afraid about the price will fall again. However, with the DCA method, we can also be more free to buy again when the price falls again.
There must be courage to start moving, otherwise we will not be able to move to any stage in life. However, that courage must also be based on broad knowledge, so that it does not look like gambling.
It's gambling already and we must be able to know and understand this from the very moment we step into investments. We don't have to feel that reluctant while investing because we know that whatever amount we invest is something we can afford to lose, therefore it's extremely important to use the amount subjected to lose so that we don't feels we have lost money while doing investments and it must be on the coins we have that trust in other not to be afraid of our investment.
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Honestly, maybe we will also feel a little afraid about the price will fall again. However, with the DCA method, we can also be more free to buy again when the price falls again.
There must be courage to start moving, otherwise we will not be able to move to any stage in life. However, that courage must also be based on broad knowledge, so that it does not look like gambling.
It's gambling already and we must be able to know and understand this from the very moment we step into investments. We don't have to feel that reluctant while investing because we know that whatever amount we invest is something we can afford to lose, therefore it's extremely important to use the amount subjected to lose so that we don't feels we have lost money while doing investments and it must be on the coins we have that trust in other not to be afraid of our investment.
Well, without knowledge, what we do will turn into something that looks like gambling. Don't let us become people like that, meaning don't let us do something without a basis of knowledge.
We can also see from what other people experience, it will make us more organized. It will also make us stronger, because when we make knowledge and experience psychologically we will also be calmer.
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Well, without knowledge, what we do will turn into something that looks like gambling. Don't let us become people like that, meaning don't let us do something without a basis of knowledge.
We can also see from what other people experience, it will make us more organized. It will also make us stronger, because when we make knowledge and experience psychologically we will also be calmer.
Investment is not a gamble, it's a risk.
One that can be calculated to a smaller or bigger degree.
That is what differs them.
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I will not buy when the market is at its peak because I have been here long enough to sense the peak season but even if I do it doesn't affect me much cause I am not that heavy of buy dip and sell high. I am retail investor so I just try to accumulate as much coins which also doesn't mean I will never sell either like people who bought it in 2011 and holding it still irrespective of the price reaches 100K.
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I will not buy when the market is at its peak because I have been here long enough to sense the peak season but even if I do it doesn't affect me much cause I am not that heavy of buy dip and sell high. I am retail investor so I just try to accumulate as much coins which also doesn't mean I will never sell either like people who bought it in 2011 and holding it still irrespective of the price reaches 100K.
I am quite curious about how you can identify the peak of a cycle: through technical indicators or market sentiment? We all know that BTC price fluctuates in a 4-year cycle, if you can sell at the peak, you can buy back more BTC at the bottom, and you will accumulate more BTC after each cycle.
I am a cycle investor so I am waiting for the price increase of BTC due to the supply crisis. Spot ETFs have absorbed BTC from OTC, and the amount of BTC available on CEXs is also depleting. When the demand for BTC suddenly increases due to many economic and political reasons, a price increase will certainly occur and I will wait for BTC at $150K-170K.
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I am quite curious about how you can identify the peak of a cycle: through technical indicators or market sentiment? We all know that BTC price fluctuates in a 4-year cycle, if you can sell at the peak, you can buy back more BTC at the bottom, and you will accumulate more BTC after each cycle.
Almost everyone knows that the year 2025 is going to be the next new ATH for BTC so we know the year and it's not possible to find the exact peak but there are some signs before the market hits pretty hard which is nothing but everyone you see from mainstream media, social media celebs will be bullish about bitcoin and that's the time to hold back cause this is the strategy used by the whales to dump the market.
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Honestly, maybe we will also feel a little afraid about the price will fall again. However, with the DCA method, we can also be more free to buy again when the price falls again.
There must be courage to start moving, otherwise we will not be able to move to any stage in life. However, that courage must also be based on broad knowledge, so that it does not look like gambling.
It's gambling already and we must be able to know and understand this from the very moment we step into investments. We don't have to feel that reluctant while investing because we know that whatever amount we invest is something we can afford to lose, therefore it's extremely important to use the amount subjected to lose so that we don't feels we have lost money while doing investments and it must be on the coins we have that trust in other not to be afraid of our investment.
Well, without knowledge, what we do will turn into something that looks like gambling. Don't let us become people like that, meaning don't let us do something without a basis of knowledge.
We can also see from what other people experience, it will make us more organized. It will also make us stronger, because when we make knowledge and experience psychologically we will also be calmer.
No investors or traders that goes into investments without the pre-knowledge of what they are doing because it's important to have the basic knowledge of their investments to enable them be able to withstand any market forces.
There are people today that goes into something without the clue of how it works operated before jumping into it.
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No investors or traders that goes into investments without the pre-knowledge of what they are doing because it's important to have the basic knowledge of their investments to enable them be able to withstand any market forces.
There are people today that goes into something without the clue of how it works operated before jumping into it.
maybe because all they hear is getting money and they immediately think that it would be easy i certainly do not think that way now investing no matter the time period consists many factors that you have to consider to make sure that you can minimize the losses and maximize the profit that you will be making
and even the most knowledgeable investors can still second guess themselves and have some doubts but that has more to do with psychological factors that an investor has to consider as well
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No investors or traders that goes into investments without the pre-knowledge of what they are doing because it's important to have the basic knowledge of their investments to enable them be able to withstand any market forces.
There are people today that goes into something without the clue of how it works operated before jumping into it.
They would be punished for doing so heavily.
Market and its ways are the best teachers for that matter.
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Honestly, maybe we will also feel a little afraid about the price will fall again. However, with the DCA method, we can also be more free to buy again when the price falls again.
There must be courage to start moving, otherwise we will not be able to move to any stage in life. However, that courage must also be based on broad knowledge, so that it does not look like gambling.
It's gambling already and we must be able to know and understand this from the very moment we step into investments. We don't have to feel that reluctant while investing because we know that whatever amount we invest is something we can afford to lose, therefore it's extremely important to use the amount subjected to lose so that we don't feels we have lost money while doing investments and it must be on the coins we have that trust in other not to be afraid of our investment.
Well, without knowledge, what we do will turn into something that looks like gambling. Don't let us become people like that, meaning don't let us do something without a basis of knowledge.
We can also see from what other people experience, it will make us more organized. It will also make us stronger, because when we make knowledge and experience psychologically we will also be calmer.
No investors or traders that goes into investments without the pre-knowledge of what they are doing because it's important to have the basic knowledge of their investments to enable them be able to withstand any market forces.
There are people today that goes into something without the clue of how it works operated before jumping into it.
When you are trying out to make out some investment or doing up some business then it will really be that recommended you are making up some research or any other relevant things on which you would really be needing up to do to increase up that probability on making profits or success with business. Sacrifices are needed up to consider on which it will really be needing up to consider out because you are the ones will really be seeing whether it is really that viable action that needs up to consider.So it will really be that up to on how to make out adjustments into the actions that you are needing up to take. You cant just that make yourself having such ignoring about into the factors that could affect out success rate.
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No investors or traders that goes into investments without the pre-knowledge of what they are doing because it's important to have the basic knowledge of their investments to enable them be able to withstand any market forces.
There are people today that goes into something without the clue of how it works operated before jumping into it.
maybe because all they hear is getting money and they immediately think that it would be easy i certainly do not think that way now investing no matter the time period consists many factors that you have to consider to make sure that you can minimize the losses and maximize the profit that you will be making
and even the most knowledgeable investors can still second guess themselves and have some doubts but that has more to do with psychological factors that an investor has to consider as well
Psychologically we shouldn't feels that overwhelmed with what we think within our mindset or even harboring in your mind toward making investments and often, I observed that to be greed because we can't control the state of our mind which could leads us to not taking proper precaution of our gambling activities neither do we carry out proper analysis toward every investment we are making than entirely relying on our Psychologically state of mind.
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Well, without knowledge, what we do will turn into something that looks like gambling. Don't let us become people like that, meaning don't let us do something without a basis of knowledge.
We can also see from what other people experience, it will make us more organized. It will also make us stronger, because when we make knowledge and experience psychologically we will also be calmer.
No investors or traders that goes into investments without the pre-knowledge of what they are doing because it's important to have the basic knowledge of their investments to enable them be able to withstand any market forces.
There are people today that goes into something without the clue of how it works operated before jumping into it.
That's what I mean, now there are so many people who jump into the world of investment or trading without knowing what they are actually doing. They just see other people's success, then they try it.
They should have found out what they were actually going to do in its entirety at the beginning. But it's not too late for them to learn even if they take the wrong steps at the beginning.
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Investment is not a gamble, it's a risk.
One that can be calculated to a smaller or bigger degree.
That is what differs them.
Of course and it's totally different from gambling to be honest with you. Gambling requires luck to win but investment you need patience, knowledge, fundamentals, technical analysis you name it I mean you work for it because it will give you gains if done correctly while gambling itself doesn't need those things because it is purely based on luck.
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Of course and it's totally different from gambling to be honest with you. Gambling requires luck to win but investment you need patience, knowledge, fundamentals, technical analysis you name it I mean you work for it because it will give you gains if done correctly while gambling itself doesn't need those things because it is purely based on luck.
Depending on how you use gambling, if you play a game like Slots it is indeed entirely up to luck.
But if you do sports betting you can do research according to that data and you can determine which team will win, lose or draw.
Again with the discussion of trading, trading can also be considered like gambling if you trade only based on instinct or feeling, without knowing the basic knowledge of trading.
As in futures trading or Binary Options trading which is completely the same as gambling.
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Well, without knowledge, what we do will turn into something that looks like gambling. Don't let us become people like that, meaning don't let us do something without a basis of knowledge.
We can also see from what other people experience, it will make us more organized. It will also make us stronger, because when we make knowledge and experience psychologically we will also be calmer.
No investors or traders that goes into investments without the pre-knowledge of what they are doing because it's important to have the basic knowledge of their investments to enable them be able to withstand any market forces.
There are people today that goes into something without the clue of how it works operated before jumping into it.
That's what I mean, now there are so many people who jump into the world of investment or trading without knowing what they are actually doing. They just see other people's success, then they try it.
They should have found out what they were actually going to do in its entirety at the beginning. But it's not too late for them to learn even if they take the wrong steps at the beginning.
These sets of people can incur much lose because they solely rely on other people success stories and jumps into invest, usually it's actually bad to go into investments without having the pre knowledge of they are doing.
Every investors must know the reason for their investments before going into that investment, if not properly studied it could leads to several losses. As I know it's important to know what they investing than just investing due to the success stories they had from other people.
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Investment is not a gamble, it's a risk.
One that can be calculated to a smaller or bigger degree.
That is what differs them.
Yes, the difference is that investment is a manageable risk, and how big the risk will depend on each investor who does it. Even with the same coin, each investor has their own risk. Because sometimes a person's strategy in choosing the time to invest, then the moment to take profits, and also how they manage their emotions and mentality, this also affects their risk management. and there are still many more conditions that allow each person to invest wisely enough for themselves.
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I am this thickened heart already that even buying at the top is no longer an issue for me. What I look at is my focus to increase the number of BTC that I want to hold. I cannot avail a lot of it but even with the little that I have, looking at it with better quantity is so much better to my feeling and it's a better achievement for me to take. And that's why buying at the top is part of DCA.
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if you have been in the community long enough you know well by now that there are different kinds of investors based on how they handle their coins and how they plan to take profit some people hold their coins indefinitely no matter what they will keep holding their coins some people hold their coins only on definite amount of time and takes profit when they deem the price to be high enough or if they are satisfied with the profit they have made
those people who sell during high prices tend to re-buy when the market dips now we know that there is no fool proof plan in investing and sometimes it happens that we regret our decisions it is not that uncommon for someone to sell at a wrong time aka where the price is not yet at the highest now some people would try to get back on the market and buy when the price is high due to fomo but then the market crashes and its an even bigger loss for them than what they had in the first place
but my idea here is when it comes to bitcoin where you are sure that it will rise again in the future, should you just buy even at a high price? yes maybe you will lose some money since you are buying at a higher price than you intended but would it not be worth it anyway? do you think this kind of sacrifice is okay or is it just another case of being greedy?
i want to hear your perspective.
I actually dont buy the fact that this part of buying bitcoin to hodl even when its at a higher price isn't meant to be called greed at all.
All these are just particularly imvesstment choices and decisions.Hodling particularly is also part of these as lile you said;peiple trnd to hodl indefinitely to any particular period.
If for example i choose to buy bitcoin right mow even at its booming price as of current;it wont entirely be a bad idea or a factor of greed;its all to bring back profit for myself even if its not so much.I might even decide to hodl as long as i want and would expect a whole lot more profit.the thing is that ;all these are the basis of investments;choices.
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That's what I mean, now there are so many people who jump into the world of investment or trading without knowing what they are actually doing. They just see other people's success, then they try it.
They should have found out what they were actually going to do in its entirety at the beginning. But it's not too late for them to learn even if they take the wrong steps at the beginning.
These sets of people can incur much lose because they solely rely on other people success stories and jumps into invest, usually it's actually bad to go into investments without having the pre knowledge of they are doing.
Every investors must know the reason for their investments before going into that investment, if not properly studied it could leads to several losses. As I know it's important to know what they investing than just investing due to the success stories they had from other people.
For reasons, I think the main goal is to make a profit. But to strengthen that reason, we must know something that must be known at the beginning, which is in-depth knowledge of crypto.
If the reason without knowledge is the same as an unreasonable reason. Whatever we are going to do, must have a reason, the point is a reasonable reason.
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That's what I mean, now there are so many people who jump into the world of investment or trading without knowing what they are actually doing. They just see other people's success, then they try it.
They should have found out what they were actually going to do in its entirety at the beginning. But it's not too late for them to learn even if they take the wrong steps at the beginning.
These sets of people can incur much lose because they solely rely on other people success stories and jumps into invest, usually it's actually bad to go into investments without having the pre knowledge of they are doing.
Every investors must know the reason for their investments before going into that investment, if not properly studied it could leads to several losses. As I know it's important to know what they investing than just investing due to the success stories they had from other people.
For reasons, I think the main goal is to make a profit. But to strengthen that reason, we must know something that must be known at the beginning, which is in-depth knowledge of crypto.
If the reason without knowledge is the same as an unreasonable reason. Whatever we are going to do, must have a reason, the point is a reasonable reason.
Yes that is why is important to have a pre-knowledge of what we are doing than just jumping into what we don't have any idea of it, yes I can say that some people doesn't really care about the in-depth knowledge, but as soon as they found their into the investments they are already secured but with time they starts facing some difficulties due to their ignorance and lack of knowledge towards what they ventured into. It's always advisable to have it stick into our minds to avoid unrealistic loses or expenses.
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Yes that is why is important to have a pre-knowledge of what we are doing than just jumping into what we don't have any idea of it, yes I can say that some people doesn't really care about the in-depth knowledge, but as soon as they found their into the investments they are already secured but with time they starts facing some difficulties due to their ignorance and lack of knowledge towards what they ventured into. It's always advisable to have it stick into our minds to avoid unrealistic loses or expenses.
Interested in an investment, of course, you must also know how the basic knowledge needed for the investment is.
Sometimes ordinary people just follow the advice given by others without knowing how the investment works.
They do not have the necessary prior knowledge so it will be easy to lose the investment and do not know how to strategize to develop the investment.
They can't avoid losses and unrealistic ones as long as they don't know how the initial knowledge is needed.
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For reasons, I think the main goal is to make a profit. But to strengthen that reason, we must know something that must be known at the beginning, which is in-depth knowledge of crypto.
If the reason without knowledge is the same as an unreasonable reason. Whatever we are going to do, must have a reason, the point is a reasonable reason.
Yes that is why is important to have a pre-knowledge of what we are doing than just jumping into what we don't have any idea of it, yes I can say that some people doesn't really care about the in-depth knowledge, but as soon as they found their into the investments they are already secured but with time they starts facing some difficulties due to their ignorance and lack of knowledge towards what they ventured into. It's always advisable to have it stick into our minds to avoid unrealistic loses or expenses.
If at the beginning, I still think it is a normal thing, because at the beginning we may know where to start, and sometimes we only look at something positive, in this case it is profit. But I can't tolerate it if it is done by someone who is experienced, because it would be very strange.
But I am sure someone who is experienced will not be so careless as to do things like this. With the experience they have, they must know what is right and what is wrong.
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For reasons, I think the main goal is to make a profit. But to strengthen that reason, we must know something that must be known at the beginning, which is in-depth knowledge of crypto.
If the reason without knowledge is the same as an unreasonable reason. Whatever we are going to do, must have a reason, the point is a reasonable reason.
Yes that is why is important to have a pre-knowledge of what we are doing than just jumping into what we don't have any idea of it, yes I can say that some people doesn't really care about the in-depth knowledge, but as soon as they found their into the investments they are already secured but with time they starts facing some difficulties due to their ignorance and lack of knowledge towards what they ventured into. It's always advisable to have it stick into our minds to avoid unrealistic loses or expenses.
If at the beginning, I still think it is a normal thing, because at the beginning we may know where to start, and sometimes we only look at something positive, in this case it is profit. But I can't tolerate it if it is done by someone who is experienced, because it would be very strange.
But I am sure someone who is experienced will not be so careless as to do things like this. With the experience they have, they must know what is right and what is wrong.
Having experience in all we do is always the solid key to financial success towards investment. Experience on investment we know plays an epical role to guide and shield them from bad investment, it's always important to be that active and selective towards any coin that is not directly related to bitcoin.
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For reasons, I think the main goal is to make a profit. But to strengthen that reason, we must know something that must be known at the beginning, which is in-depth knowledge of crypto.
If the reason without knowledge is the same as an unreasonable reason. Whatever we are going to do, must have a reason, the point is a reasonable reason.
Yes that is why is important to have a pre-knowledge of what we are doing than just jumping into what we don't have any idea of it, yes I can say that some people doesn't really care about the in-depth knowledge, but as soon as they found their into the investments they are already secured but with time they starts facing some difficulties due to their ignorance and lack of knowledge towards what they ventured into. It's always advisable to have it stick into our minds to avoid unrealistic loses or expenses.
If at the beginning, I still think it is a normal thing, because at the beginning we may know where to start, and sometimes we only look at something positive, in this case it is profit. But I can't tolerate it if it is done by someone who is experienced, because it would be very strange.
But I am sure someone who is experienced will not be so careless as to do things like this. With the experience they have, they must know what is right and what is wrong.
Having experience in all we do is always the solid key to financial success towards investment. Experience on investment we know plays an epical role to guide and shield them from bad investment, it's always important to be that active and selective towards any coin that is not directly related to bitcoin.
Its always been that basing up into actual experience because at the time that you do have that actual experience and dealing up with things then you do able to learn and having those mistakes or errors is inevitable and this is why you do need up to learn on what you have been able to encounter. There are ones who do been able to make out such adjustment and apply up these learnings and there are ones who do just simply quit and stop at the time that they will be able to encounter some small problems and never look back. This is where we can be able to see that difference in between to these people who are really that mindful on taking up this career seriously and to those people who do easily give up.
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Having experience in all we do is always the solid key to financial success towards investment. Experience on investment we know plays an epical role to guide and shield them from bad investment, it's always important to be that active and selective towards any coin that is not directly related to bitcoin.
Its always been that basing up into actual experience because at the time that you do have that actual experience and dealing up with things then you do able to learn and having those mistakes or errors is inevitable and this is why you do need up to learn on what you have been able to encounter. There are ones who do been able to make out such adjustment and apply up these learnings and there are ones who do just simply quit and stop at the time that they will be able to encounter some small problems and never look back. This is where we can be able to see that difference in between to these people who are really that mindful on taking up this career seriously and to those people who do easily give up.
You know during learning process there are things we might be facing which is a challenging moments for us, as we are on the process learning it we might feels that quitting could be next options but when you bring that patient and that determinant to hold yourself to learn everything it turns to experiences and these experience are things that gives you solid foundation to be able to manage your risk and becomes successful with your investments or trading.
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Having experience in all we do is always the solid key to financial success towards investment. Experience on investment we know plays an epical role to guide and shield them from bad investment, it's always important to be that active and selective towards any coin that is not directly related to bitcoin.
Experience comes from practise.
Only having bad investments or positions would teach a person how things should not be done accordingly.
And afterward, it would go easier from there.
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Having experience in all we do is always the solid key to financial success towards investment. Experience on investment we know plays an epical role to guide and shield them from bad investment, it's always important to be that active and selective towards any coin that is not directly related to bitcoin.
Experience comes from practise.
Only having bad investments or positions would teach a person how things should not be done accordingly.
And afterward, it would go easier from there.
Sometimes those bad investment and position are things that are teaching us how to be very mindful with out investment, and investment that doesn't involves looses would not creates additional learning or studies. When an investors loses the first time it makes them to be proactive to understand the kind of investment they should involved themselves for the second time.
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This is my third cycle, I've been here since 2017 and I've been through 2 big crashes, I've lost Bitcoin on an exchange, I've seen my portfolio fall by 90%, so I think I've passed the sacrifice part hehehe :P
Today with Bitcoin I have a good part that I'll keep on hold for years to come
A small part I can use to get more satoshis, but with caution
It's very difficult to hit the top or the bottom. We saw what happened to those who waited for BTC to fall to 12k before buying back in a few months ago.
In 2018, Bitcoin had the worst bear run that lasted to 2020, about a year and few months. In facts, may people who invested on altcoins had their coin/tokens almost fall to zero, unfortunately, because of fear, some sold their coins/tokens just to cut losses.
As you might have observed on some businesses, there are people that has the capacity to hold without being emotional, and today, those who stick to their long term plans, despite the insinuation that bitcoin might crashes to Zero, these long term holders are currently reaping huge returns.
In facts, i am holding for whatever conditions that may occur, having learnt from the experience of the bear run in 2018.
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This is my third cycle, I've been here since 2017 and I've been through 2 big crashes, I've lost Bitcoin on an exchange, I've seen my portfolio fall by 90%, so I think I've passed the sacrifice part hehehe :P
Today with Bitcoin I have a good part that I'll keep on hold for years to come
A small part I can use to get more satoshis, but with caution
It's very difficult to hit the top or the bottom. We saw what happened to those who waited for BTC to fall to 12k before buying back in a few months ago.
In 2018, Bitcoin had the worst bear run that lasted to 2020, about a year and few months. In facts, may people who invested on altcoins had their coin/tokens almost fall to zero, unfortunately, because of fear, some sold their coins/tokens just to cut losses.
As you might have observed on some businesses, there are people that has the capacity to hold without being emotional, and today, those who stick to their long term plans, despite the insinuation that bitcoin might crashes to Zero, these long term holders are currently reaping huge returns.
In facts, i am holding for whatever conditions that may occur, having learnt from the experience of the bear run in 2018.
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If at the beginning, I still think it is a normal thing, because at the beginning we may know where to start, and sometimes we only look at something positive, in this case it is profit. But I can't tolerate it if it is done by someone who is experienced, because it would be very strange.
But I am sure someone who is experienced will not be so careless as to do things like this. With the experience they have, they must know what is right and what is wrong.
Having experience in all we do is always the solid key to financial success towards investment. Experience on investment we know plays an epical role to guide and shield them from bad investment, it's always important to be that active and selective towards any coin that is not directly related to bitcoin.
Yes, that is one of the important factors to make us achieve great success for the future. Experience will help us a lot, and maybe in the future experience will be something that can prevent us from entering the wrong hole.
For example, when we have been able to achieve financial success. Well, with experience we can maintain it. Because some people have to fall again when they are successful.
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The altcoin market is cyclical, going up and down at more or less regular periods, buying bitcoin at a perhaps high price is always a good investment because in the future its value can only grow
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I am this thickened heart already that even buying at the top is no longer an issue for me. What I look at is my focus to increase the number of BTC that I want to hold. I cannot avail a lot of it but even with the little that I have, looking at it with better quantity is so much better to my feeling and it's a better achievement for me to take. And that's why buying at the top is part of DCA.
There is always volatility in the market and this is what always shakes someone in their investment journey.
That's right, it requires a strong mentality and discipline of course. Yes. Someone can get profit when buying at a falling price and it will be even better with a DCA position. Here is the key to increasing numbers and their value.