Afraid to buy Bitcoin in its bearish state? - page 5.

virasog

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Quote from: Fundamentals Of on May 02, 2022, 09:48:51 PM

Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season. So instead of being fearful, people should be stoked that they are given an opportunity to buy low, to buy Bitcoin at a discounted price. Others would think it is irresponsible to recommend buying during the red days in the market. But when is the better time? When the price has already recovered?

The best time to buy bitcoin is when it is cheap during the bear times. I do not understand why people do not want to buy bitcoin when it is cheap. These people buy bitcoin near the all time high when they have the fear of missing out. This is the wrong approach. If anyone wants to accumulate bitcoin, this is another good time to do the dollar cost average.

worle1bm

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I would say that most of the newbies and those who don't know about bitcoin investment and it's future growth gets panic during the bearish trend and sell instead of buying giving out more profits to whales in the market.The best time for investment is when it's dipping because you can have more at less but on the contrary less people understand this and call themselves traders.

South Park

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Quote from: Fundamentals Of on May 02, 2022, 09:48:51 PM

Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season. So instead of being fearful, people should be stoked that they are given an opportunity to buy low, to buy Bitcoin at a discounted price. Others would think it is irresponsible to recommend buying during the red days in the market. But when is the better time? When the price has already recovered?

You are correct but we know that newbies do not think like that, they come to the market once bitcoin begins to make headlines all over the world about all the ATHs it has been reaching and that is when they decide to invest, now since the bull markets can be really extreme then they will still see some profits, but then the inevitable happens and a bear market comes, they are not prepared for it and the losses they accumulate become massive, this is why they fear the bear market as they do not see it as the buying opportunity that more experienced traders see.

tranthidung

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Farewell o_e_l_e_o

Look into the Fear and Greed index and practice the strategy "Being greed when others are fearful and being fearful when others are greed"

This strategy works for real investors, not speculators, not traders. Don't time the market, don't try to find absolute bottoms, let's apply that strategy and you will harvest good results in long term.

Where to check the Fear and Greed index?

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riso2015

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Quote from: Fundamentals Of on May 02, 2022, 09:48:51 PM

Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season. So instead of being fearful, people should be stoked that they are given an opportunity to buy low, to buy Bitcoin at a discounted price. Others would think it is irresponsible to recommend buying during the red days in the market. But when is the better time? When the price has already recovered?

Personally, I will never be afraid to buy bitcoin when the price drops, because this is an opportunity for me personally to risk my money, because the risk is definitely there, because I think the bigger the risk we accept, the bigger the profit we get, because I always believe there will never be profit if there is no risk.

mk4

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Quote from: Fundamentals Of on May 02, 2022, 09:48:51 PM

Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season. So instead of being fearful, people should be stoked that they are given an opportunity to buy low, to buy Bitcoin at a discounted price. Others would think it is irresponsible to recommend buying during the red days in the market. But when is the better time? When the price has already recovered?

Sounds so simple and so great in theory, but good luck getting the typical newbie “investor” to do it successfully; as if we would know what the price floors and price ceilings would be.

For most people — assuming they actually know what they’re investing in, the ever so simple buy and hold is the way to go; while looking for ways to increase cash flow in other places outside crypto.

Jawhead999

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Quote from: TheGhostMan on May 02, 2022, 09:27:40 PM

It is understandable that people tend to follow the most active entities in the world of Trading since having experience in this area people place their trust in them

That's the first wrong step and will ruined everything, you must not ever trust someone if you can't verify anything about their claims. If someone still trust any stranger about his Bitcoin, I believe he didn't even understand what is Bitcoin and just want to ride the trend for money oriented.

Anyone who already experienced at least since 2017, wouldn't afraid of bear market. The 2017-2018 years is a tough lesson for many peoples, if they're bought every dip when the Bitcoin price is $3000-$4000 they're a millionaire right now.

franky1

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Quote from: Poker Player on May 02, 2022, 10:33:20 PM

I completely agree. When the price is low, it is an opportunity to buy cheap. Another option is the DCA: buy the same amount every week or every month and forget about what the market is doing.

DCA is just the dumb game of smart investors trying to get dumb investors to pump on a specific date every month to cause a predictable speculative pump day

its not good advice to give to people to tell the less savvi trader to just buy at any price but on a specific day each month,. as thats just going to cause the less savvi investors to always be buying on the monthly high

best advice is always: buy low sell high.
price dips are not a bad thing. its a discount period to buy cheap

Baofeng

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For those who have been in the bitcoin market, this is no secret. Take for example what happened during the initial news about Covid-19, the price plummeted to $3k, a good buying opportunity and you just have to wait for 2021 bull run.

And we can compare that scenario here, short term, is much riskier though. I would prefer to buy cheap bitcoin in bear market and again, wait for the next stage, bitcoin halving-> eventual bull run in 2024-2025.

Poker Player

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Quote from: TheGhostMan on May 02, 2022, 09:27:40 PM

Don't you think it's a good way to take advantage of the bearish state of said cryptocurrency?

I wouldn't call it bearish, we just (I think) hit the top of the cycle last year (sadly) and now we are in a kind of sideways. People get depressed because we don't do a 20x as if it was the first years, lol.

Quote from: Fundamentals Of on May 02, 2022, 09:48:51 PM

Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season.

I completely agree. When the price is low, it is an opportunity to buy cheap. Another option is the DCA: buy the same amount every week or every month and forget about what the market is doing.

tranthidung

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Farewell o_e_l_e_o

When more people get exposed to Bitcoin fundamentals (controlled supply, halving, etc.), there will be more people converted to Bitcoin investors.
This progress happens with time, gradually but around each halving (usually within one year before each halving), there are more news and educational campaigns about Bitcoin that all combined each other to bring Bitcoin to the mass.

Check estimated Bitcoin halving countdown
- https://www.bitcoinblockhalf.com/
- https://coinmarketcap.com/halving/bitcoin/

Don't try to identify bottom or when a bull run starts. Let's accumulate when price is in discount or in bottom range.

Fundamentals Of

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Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season. So instead of being fearful, people should be stoked that they are given an opportunity to buy low, to buy Bitcoin at a discounted price. Others would think it is irresponsible to recommend buying during the red days in the market. But when is the better time? When the price has already recovered?

TheGhostMan

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Quote

There is no way of knowing what will trigger a Bitcoin bull run, but a Glassnode report on April 18 has spotted “a large amount of coin supply” hovering between $38,000 and $45,000. For traders who believe that BTC will hit $50,000 in July, there is a low-risk options strategy that can be used to launch a long bullish bet.

It is understandable that people tend to follow the most active entities in the world of Trading since having experience in this area people place their trust in them, Bitcoin is a cryptocurrency full of possibilities, that is why it is so volatile that it's up today. and low tomorrow, but many investors usually see the movements of these and could even predict the future of this (not entirely true but they are close). What I mean by this? Basically this cryptocurrency is not going through its best moment since it is even said that it will oscillate between $25k, this is where I highlight my comment “Bitcoin is a cryptocurrency full of possibilities” since for some investors this will be the key point and the moment exact to invest in this and see it as a long-term investment since it will have to rise due to its volatility and good profits will be generated, it is a matter of time for this to happen. Don't you think it's a good way to take advantage of the bearish state of said cryptocurrency?
Information extracted from:https://es.cointelegraph.com/news/afraid-to-buy-the-dip-bitcoin-options-provide-a-safer-way-to-go-long-from-38k

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