After the dip in crypto, when are we expecting ath? - page 6.

Issa56

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

You know about the volatility of cryptocurrency before investing, so why do you have to ask how long it’s going to take before they start rising back? If you really know about cryptocurrency, then you should know that nobody knows when a particular coin is going to pump or dump, so nobody can tell you how soon it’s going to take before the market is going to bounce back. Since you are already at a loss, it’s just better you just keep on holding till the market bounces back.

I hope the money you invested in your coins is an amount you won’t be using for now, and I hope it’s an amount you can afford to lose, because from your post, I think you invested in altcoins, which we know are high risk investments compared to investing in bitcoin.

Ludmilla_rose1995

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Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

what coin did you buy? By the way, what are your expectations for your investment in crypto! you have to understand that the crypto market is very volatile, especially bitcoin, the price changes very quickly

I recommend you use the DCA bitcoin buying method, you buy with the same money every month and consistently for 3 to 5 years then you can see that the coins you buy are actually profitable in the long term

You have to be able to invest wisely, if you are still a beginner then don't look at your portfolio too often, it can disturb your mentality to sell at a loss

nakamura12

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I think you are looking for a chance to earn profit by buying coins since it is almost halving as you have said which I think it wasn't that long ago when you bought bitcoin since you mentioned halving which happened this month. It seems you still lack some information about bitcoin or even halving because it isn't 100% accurate or true that when halving happens is that the price of bitcoin will increase or even reach new ATH but that isn't what happened this time of halving although before the halving happened is that the price increased a lot and even reached new ATH as you might have heard. As you can read the post above, nobody can guess when the price increase or see the future. Anyway, it's up to you if you want short term or long term.

Stalker22

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I wouldnt really say that Bitcoin has been on "a continuous decline". It depends on when you bought in, but the current price probably is not too far off what you paid. Volatility is definitely part of the game, and this year can be a great time to invest, especially with the recent halving. But you should remember that "great time" does not mean guaranteed instant profits. Those ups and downs you mentioned can be scary for a newbie investor, but you said yourself that you were patient and did not panic. No need to start now.

Quote from: Nangiconference on April 26, 2024, 01:04:49 PM

~
I do not know how soon they will begin to rise again.

Nobody knows that for sure. Focus on the long game.

Saint-loup

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When did you buy your Bitcoins? At the ATH? It's a golden rule in trading, you should never buy an asset at his ATH, if you are not ready to lose your investment. Because chances to drop down are at the highest level.

Cricktor

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How few days or weeks ago did you buy some coins? (Assuming Bitcoin because you speak of the halving event.)

Did you invest only money that you can afford to loose or that you don't need back very soon?

Nobody can see into the future, we're all on the same page by that.

You were told... aha. When you're fully aware of the volatility, then why the weak hands? If price drops further, consider it as an opportunity to buy some more (again, dyor, no financial advise, don't over-invest!). I believe that last ATH wasn't the last and that we'll see higher rates. Only I can't tell you when.

Keep calm and hodl. Grin

alastantiger

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Be patient. You are holding for the long term and not for the halving. Is that so? If you are so concerned about your coins then you need to stop checking the prices. Checking the price every other hour will induce anxiety and doubt. About the halving and its impact on Bitcoin price, it is too early to draw conclusions. For instance when runes drove the transaction fee of Bitcoin very high but now the fees have dropped. If you are not okay with the reply, search the forum for similar threads to read their replies.

Nangiconference

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With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.

Topic: After the dip in crypto, when are we expecting ath? - page 6. (Read 810 times)