Quote from: Mrbluntzy on December 30, 2023, 01:20:52 AM

Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

Always Start accumulation very early, don't wait until when bull market is close before investing.

Absolutely right i also know many people who bought Bitcoin when it’s price was very low near about $3k. And now Bitcoin price is near about $43k still they are buying Bitcoin. And they huge profited. So it is true that what ever Price of Bitcoin always people will buy Bitcoin.

I was also bought bitcoin when Bitcoin price was $3200 and still now buying bitcoin. Because i think Bull session coming soon. Then i will get huge profit. And i also know that when Bitcoin price will more up even $100k and then also people will buy there has no doubt

In fact, usually when the price of bitcoin reaches its new ATH, it is always followed by bigger purchases from people with FOMO. And we as long-term investors must be able to control ourselves at that time. Because it would be better if we accumulate when a correction occurs. Because even in a bullish market, a correction still occurs at least once a week.

The most important thing is that when we accumulate, only use money that is truly prepared for long-term investment and not money that we actually still need for daily needs.

DCA doesn't actually care what the price is now. Because the goal is long term. That is for the next 5 or 10 years.

Now is not the best time to wait for the DIP of the price. Bitcoin and Ether are extremely promising in terms of price growth, because even the halving of bitcoin and the adoption of ETFs for Ethereum in May, and in the future we may no longer be able to buy these cryptocurrencies at such prices as now.

I agree with you. So we have to take advantage of every price correction appropriately and quickly. But don't let us make a mistake in deciding which project we will enter into installments at the time of correction. We still have to do an analysis first. Both from a technical, sentimental and fundamental perspective. But I was still surprised by what happened to Bitcoin which even experienced a correction to the level of 41k USD. However, after reading the reasons behind the decline, I was not surprised and thought everything was normal. And maybe the green market will return again this week.

traders expecting a dump will happen though.  lot will be taking profit if the price continues to touch even at $45k.  SEC didn't approved ETF to a better time but right when the market is already overbought. anyone who will be buying now will burned themselves.

if base on the chart i could say the price may dip to $38k or if it goes worse $32k as the next support line. that's when the institutions are going to buy massively to hit $50k. i guess its time to wait for now.

Well maybe that's what's happening. And it's possible that the price will move as you say. But I personally see that the price bounce will probably happen again from 43 or 44. But whatever it is, I actually don't really care about it. Because I will only start accumulating again if the price goes down again. Because the long-term investment journey is definitely ready with graphic twists and turns that will continue to occur. Even now Bitcoin has fallen to 45250. And yes, this is a little surprising. But this decline is similar to a liquid hunter that targets future traders who have long positions and are starting to get liquidated at the current price. And yes, currently the number of future traders being liquidated is very large. And perhaps for some people today's drop in bitcoin completely crushed the hopes of those who expected btc to fly after the announcement of bitcoin etf acceptance.

I extend my greetings to everyone here.
I recently joined this forum and I have read through its rules and I'm interested in learning about cryptocurrencies.
If you can give me the resources I need to get through this, it will be appreciated.

Welcome friends. You just have to be more diligent in exploring every board on this forum and you will find what you are looking for. especially things related to altcoins. Because this is a forum that focuses more on altcoins according to the name of the forum. And what makes it easier is that several reputable altcoin projects even have their own boards for users who want to discuss them. So you won't find it difficult to find it. And if there is something you don't understand, you can also ask questions in the beginners section. And choose whether it is about forums or about crypto.

In fact, a project enters the crypto market with a different token supply. So how important is more or less supply to you? What do you think if there is more supply the token price of the project may be lower. But you should know that a project becomes stronger with more supply and now there are many top altcoins that have more supply.

The amount of supply an altcoin has is actually not that important in my opinion. But what must be taken into consideration is whether there is circulating supply and what percentage of the total and max supply is in circulation. The method of vesting and distribution is also very important. So the most important thing is the governance itself and the time period required for distribution or vesting.

So whether a lot or a little supply is actually not that much of a problem.

No doubt an advantage for early adoptors and investors but for the sake of buying nowadays, I think it does not matter if you bought at a specific price or not but what's important here is you got Bitcoin and possibly will reap profits in the future if price goes up. Please donot FOMO just accumulate as much as you can using DCA.

Yes, it's true that the important thing is that we don't have FOMO when accumulating. Accumulate slowly with cold money and with the method most widely used by long-term investors, namely DCA. And today the price of bitcoin has touched 49k and maybe it will be higher next week. And for those who have been doing DCA since prices were still not high, today everyone can smile broadly. But for those who are still in the accumulation stage. So do it with more careful consideration and don't use hot money because this will only make us uneasy while holding the bitcoins that we have bought. only use money that is ready if you have to lose so that we remain calm wherever the price goes. And the bullrun has actually just started so there are still lots of opportunities and corrections will definitely occur so just be patient. But don't expect a big correction in the bull run market. Only small corrections are possible. Dwyor

Trading volatile coins for daily profits can be risky. Sol, Cake, and Avax are currently considered volatile and relatively safe, but it's crucial to conduct detailed analysis and understand support and resistance. Daily trading demands expertise, so approach with caution and only trade what you can afford to lose.

I agree with you. Apart from that, daily trading also requires truly mature technical analysis. Because without technical analysis, daily trading will not bring good profits. In fact, daily trading has a greater level of risk because it is related to the trader's own emotions and mentality in his activities in the market. So choosing coins that are safe enough can minimize risks. However, the determination of entry and exit positions must be truly understood through thorough technical analysis. For the Avax coin, I personally prefer it as a medium-term investment. But everyone definitely has their own choice based on their experience in the market.

HODLing has always been a safer strategic option, especially when the market is on a downturn. While with Bitcoin, I believe it's essential to choose a long-term perspective, selecting altcoins can be challenging. Personally, I prefer established projects like Solana and Ethereum for more extended HODLing, possibly up to ten years.

Choosing a project that is already established and has clear fundamentals should be a priority if it is for the long term. Because choosing a new altcoin whose potential has not yet been seen is much riskier. Unless it is for the medium or short term.

Hodling Btc is indeed the most comfortable to do, especially if you are accumulating using the DCA strategy since the bearish market occurred. So that when the bull run market comes, we can see our portfolio growth being very positive. Likewise in altcoins the DCA method can be done like in Ethereum etc.