A shocking truth! - page 3. | Bitcointalksearch.org

BitHodler

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Quote from: abstractednerve on May 30, 2019, 02:31:33 AM

Though I agree with you, but I respect who are waiting to buy at the dip! Because It's a 50/50 chance! I remember when the Bitcoin price was 18K USD, one member posted like this one, some people bought and then they hold to sell at 40K USD! We all know what happened next! So, it is better to hear own mind about investing. 90% of people here like to suggest someone to buy and hold, no one suggests selling!

With how much hype there was going on, and the fresh money that kept flowing into crypto, $40k wasn't entirely impossible. At peak it would 'only' require the price to double in order to be worth $40k.

Not many people had the chance to buy or sell the peak, which was positive for people buying because they were forced to buy in around the $15k mark, which is still high, but much better than buying at $20k or more.

Don't forget that South Korean exchanges had to deal with a $5000 premium, which has vanished completely the moment the price started to correct. These people are the true bag holders in crypto.

Kevin77

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Quote from: ghermghuda on May 24, 2019, 05:53:06 PM

Even though I haven't experienced many parabolic sessions of the crypto market, my little observations I made in the immediate past one is that, we're all likely to miss the boat of the next run again. Especially if you're not holding much coins already. I'm saying so because the bull run/market comes like a snake attack- subtle, tactical, unexpected and quiet and by the time we realize, we're already at the top again.

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

That's why I try to dilute my investments into parts. I do have a lot of bnb not because I purchased it but I had affiliates and whenever they traded something useless I just turned their dust into bnb and now I do have a fair amount of bnb. I usually work and earn bitcoin instead of buying so I have plenty of bitcoin at any given time until I spend them, I don't usually spend all of it and leave a bit aside which I like to play with.

I don't care how much a coin is because I do not invest for today or tomorrow, I want to retire early and not need to work ever again in my life, that is why I invest for like 10+ year investment and that means the current price is irrelevant, if I like the coin I buy it and store it and leave it at that. I even have coins that bottomed so hard that I am not sure if they will be capable of going back up any time soon but in 10 years they will probably either cease to exist or will be great.

arpon11

sr. member

Activity: 882

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Many people that failed to buy bitcoin and other coins in early 2017, regretted not doing so at the end of the year when bitcoin went as high as $20090 around 13th of December. The reality is that it is very difficult for bitcoin to get dump to the level they want to buy and they are there waiting for miracle to happen so that everyone will dump their bitcoin so that they can buy cheap. Bitcoin is heading towards if not above $20,000 again and it is currently around $8000 and that means you can still buy bitcoin at the price now and make good prices when it got to $20,000, however, that is subject to how much you have and the level of risk you can take.

abstractednerve

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Though I agree with you, but I respect who are waiting to buy at the dip! Because It's a 50/50 chance! I remember when the Bitcoin price was 18K USD, one member posted like this one, some people bought and then they hold to sell at 40K USD! We all know what happened next! So, it is better to hear own mind about investing. 90% of people here like to suggest someone to buy and hold, no one suggests selling!

wawanlindu

member

Activity: 490

Merit: 28

Everything depends on each person. Suppose your friend is sure of your words and buys a few coins, then the coin is worth under $20 for a long time, surely your friend will sell it and suffer a loss. In my opinion, crypto trading greatly affects the mentality of traders when buying and selling, moreover there are many negative issues at that time.

MIner1448

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I agree of course that some of the coins already in the bottom will not, but I believe there are coins from top-10 coinmarcetcup not yet reached its peak and you can say you can still catch the last train.

tonyja2017

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Quote from: ghermghuda on May 24, 2019, 05:53:06 PM

Even though I haven't experienced many parabolic sessions of the crypto market, my little observations I made in the immediate past one is that, we're all likely to miss the boat of the next run again. Especially if you're not holding much coins already. I'm saying so because the bull run/market comes like a snake attack- subtle, tactical, unexpected and quiet and by the time we realize, we're already at the top again.

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version

)

My experience is, bull run will always give us profit by all means. When you see the market growing strangely and for no reason. Please buy more and put it at a price higher than the purchase price of 15%. You will definitely be profitable.
I did it 4 times in 1 month and my formula is completely correct. Cheesy

Caladonian

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Quote from: hahay on May 29, 2019, 01:11:50 PM

Quote from: Indrawan77 on May 29, 2019, 06:01:55 AM

Well it depends on the coin and the term of the investment, buying a strong coin immediately is good, if the price go down it tend to go up in the long term, but if you buy weak coin then need to be careful because once it drop it could be hard to gain momentum, nobody could predict correctly 100% when is the bottom, but by learning indicators and market situation it could help us to determine where will be the bottom

If having the skills to analyze indicators can make you have a prediction even though it is not 100% correct, then at least that is a separate motivation for him, so the bottom can be obtained for his own version. This method shows that he does not become a FOMO and will make his own decisions which in the end can make a good profit or may be a loss due to an mistake in analyzing the indicator.

It's always that way, there's different points of view regarding to this investment field, investors wanted to follow their own patterned and due their
own will they will place their positions according on how they understand the possibilities of the next anticipated momentum.

If you can analyze and you are trusting your assessment, placing your money will give you enough confidence to invest in a particular projects.

South Park

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Quote from: ghermghuda on May 24, 2019, 05:53:06 PM

Even though I haven't experienced many parabolic sessions of the crypto market, my little observations I made in the immediate past one is that, we're all likely to miss the boat of the next run again. Especially if you're not holding much coins already. I'm saying so because the bull run/market comes like a snake attack- subtle, tactical, unexpected and quiet and by the time we realize, we're already at the top again.

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version

)

While bull markets can appear at an incredible speed the price of bitcoin before the recent recovery was down for more than a year, that was more than enough time to save all the fiat you could and wait for your opportunity, if people decided to not take advantage of it then that is their problem, even buying bitcoin at the current price is an incredible opportunity but I can assure you that most people are not going to take it because they will want the price of bitcoin to go below 4000 and it is unlikely we will go that low again.

hahay

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Quote from: Indrawan77 on May 29, 2019, 06:01:55 AM

Well it depends on the coin and the term of the investment, buying a strong coin immediately is good, if the price go down it tend to go up in the long term, but if you buy weak coin then need to be careful because once it drop it could be hard to gain momentum, nobody could predict correctly 100% when is the bottom, but by learning indicators and market situation it could help us to determine where will be the bottom

If having the skills to analyze indicators can make you have a prediction even though it is not 100% correct, then at least that is a separate motivation for him, so the bottom can be obtained for his own version. This method shows that he does not become a FOMO and will make his own decisions which in the end can make a good profit or may be a loss due to an mistake in analyzing the indicator.

Bezobraznike

sr. member

Activity: 1274

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50/50 is kind of prediction which may be used for everything. So it's easy to say 50/50 towards bitcoin and it's next move.
There is no need to wait for a bottom. Buy bitcoin now and with good period of waiting its just 100% guaranteed profitable.

ricardobs

hero member

Activity: 1204

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Quote from: ghermghuda on May 24, 2019, 05:53:06 PM

Even though I haven't experienced many parabolic sessions of the crypto market, my little observations I made in the immediate past one is that, we're all likely to miss the boat of the next run again. Especially if you're not holding much coins already. I'm saying so because the bull run/market comes like a snake attack- subtle, tactical, unexpected and quiet and by the time we realize, we're already at the top again.

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version

)

If I knew you, I would have been among those your friend that has probably missed out of the train, those were exactly my words till Binance coin increased from $15 to $35 and I never had any investment in it. I kept thinking it has been over bought and would still dump hard, and this is same way many people will also miss out of the bitcoin train with this mentality also.

This trend has already started and there is nothing forcing us back to the bear market again, so whatever investment that is needed to be done should be right now without much hesitation, in order to be among the future millionaire off BTC.

Indrawan77

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Well it depends on the coin and the term of the investment, buying a strong coin immediately is good, if the price go down it tend to go up in the long term, but if you buy weak coin then need to be careful because once it drop it could be hard to gain momentum, nobody could predict correctly 100% when is the bottom, but by learning indicators and market situation it could help us to determine where will be the bottom

davinchi

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Quote from: leowonderful on May 27, 2019, 01:14:41 PM

Smart money was accumulating in the $3000s when the bears were screaming for $2000 and below and/or DCAing during that time, though I would say it's indeed not the worst time to buy and hold coins for long term profits if that's what you're looking for.

You should still remember that FOMO can and will destroy you if you let it run unmanaged. While you might be losing out on profits by not buying in at a certain time, you could also lose money by FOMOing near the top of a movement (worse than sitting out IMO). Patience is rewarded in crypto; you should still be looking for good entries even if you're trying to buy and hold for long term gains.

The little issue I see with some investors is that they all listens and follows people’s opinions a lot. Some investors has actually been patient enough to continue holding till the ATH of this new trend is attained, but they eventually end up listening to some advises of them selling off now with the profit they see now and then buy back when the market dips again.

This is why you see many of them all waiting for a coin to go down in value for them to get the chance to buy low again after taking profit, they keep waiting for this dump till it done on them that they are beginning to miss the train when they see price spiking and before they could make decision to join the train again, they are already falling for FOMO. The best I think for investors is never to take profit till bitcoin gets to its ATH.

leowonderful

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Smart money was accumulating in the $3000s when the bears were screaming for $2000 and below and/or DCAing during that time, though I would say it's indeed not the worst time to buy and hold coins for long term profits if that's what you're looking for.

You should still remember that FOMO can and will destroy you if you let it run unmanaged. While you might be losing out on profits by not buying in at a certain time, you could also lose money by FOMOing near the top of a movement (worse than sitting out IMO). Patience is rewarded in crypto; you should still be looking for good entries even if you're trying to buy and hold for long term gains.

pawanjain

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Nothing lasts forever

It's quite true mate. We get confused between holding and selling so much that we end up missing the boat every time.
But mistakes shouldn't be repeated. If you have been through it once then you should have enough confidence to catch the boat the second time.
I am sure about my targets and shall sell accordingly. If we set the targets right and perform the action accordingly then there shouldn't be any reason for any loss.

raven7886

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Quote from: traderethereum on May 25, 2019, 02:23:06 AM

That is what people say if they don't have an interest in one or two coins, and they still reject to buy the coin.
But then they are disappointed to miss the chance to buy the coin because the price was got a rally to the high price.
Yes, I agree with your advice.
Just do what you want to do and don't make a "too" deeper analysis because if you cannot do it in the short time, then you only spend your time without having a chance to make a profit.

Sometimes, it’s not that they don’t have interest in the coin, but financial constraints sometimes could cause some of those decisions to wait for a coin to deep before investing. Take myself as an example, I have been investing in coins since 2017 after the bull run which I am yet to get my investment back and it has so much gotten to a peak now where I don’t have much cash to invest again.

Opportunity like that of binance might come that one really desires to take, but because there is no much money to do so, we either let it go or wish it becomes very cheap one to be able to buy little on can buy.

Caladonian

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Quote from: dioanna on May 27, 2019, 09:18:23 AM

Trading is all about risk and profit, i cannot tell if its a bull run already or just a bull trap but comparing the price of the market from 2017 it has a lot more room to fill for me its not too late to enter again, the market is slowly moving up but still having a pullback, its actually good to do day trading just in my opinion

If you can handle the pressures of volatility you can work out with day trading, seeing the market quick movements can be a tough calls to make
with day trading, you have to manage your skills and you need to work more with possible influenced that can make the market moves, holding
coins or start investing will be an option for traders who's eager to take the pressures.

Work with your knowledge and keep planning your next movements, don't rush it up but careful analyze everything first.

cabron

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Quote from: carter34 on May 27, 2019, 09:54:28 AM

Quote from: onecall123 on May 27, 2019, 09:45:09 AM

Don't FOMO and buy shitcoins thinking that the next bull run could move your coins as well.

This is the mistake some of us made while joining the crypto world as newbies. When you don't know a coin that the community is no longer active or it is already scheduled to be delisted by an exchange, it stays with you Grin

Its likely not to happen these days though because those altcoins that survived the long crypto winter must have been worth keeping it alive. So those coins that died just recently because of the bear market, deserves to die. I have a different feeling about the bullrun today is going to be a bullrun of the century because ultimately the adoption is going to happen and people might not believe on fud anymore coming from the banks and government.

Reatim

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Quote from: ghermghuda on May 24, 2019, 05:53:06 PM

Even though I haven't experienced many parabolic sessions of the crypto market, my little observations I made in the immediate past one is that, we're all likely to miss the boat of the next run again. Especially if you're not holding much coins already. I'm saying so because the bull run/market comes like a snake attack- subtle, tactical, unexpected and quiet and by the time we realize, we're already at the top again.

Well that’s what we called volatility,and remember that in crypto nothing is permanent,the dumping coin today might be the pumping one tomorrow

Quote

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.

Lol that same thing what those early adopters says to their friend before bitcoin spikes to a thousand dollar value

Quote

My advice: Stop thinking there's gonna be another last bottom (it's a 50/50 bet which can go either way), and just buy /invest into anything you think it's good to buy...Procrastination is a thief of money (crypto version

)

But this is how market must be,if we will have same thinking then for sure crypto market will die soon,for someone to profit there must be another one to lose

Topic: A shocking truth! - page 3. (Read 1013 times)