I agree with buwaytrees here, it is usually a very easy thing to do. Some people have trouble with the whole long term holding things. I feel like it is the easiest way to make money, and it just feels like it is the opposite of hard, you literally do nothing while holding, holding is not a thing that you do, it is just the name we call to doing nothing.
There are some people who fail to do it, don't know why and how, but it just feels like they are not good at it at all. I have been doing DCA for a while as well, and I wish I started earlier, I would love to have a lot more right now, if I had money, I would buy bitcoin right now without a worry at all, it is as close to bottom as it gets anyway.
Topic: Bear Market Opportunities - Forget "When Lambo" - page 3. (Read 427 times)
Its funny though how it goes and how it will go, there will be people saying in a couple
of years from now, "Why didnt I buy more when it was $19,000?" and maybe "Why didnt
I sell the kitchen sink?"
Buy now - profit later. This is the thing we have to focus on rather than think about when is the next ATH. It is better to fill our bag now making ready for that moment as there is nothing happening in the future if we don't take action by now.
Thats pretty much what I'm talking about.
Ah I dont know about that, I take it that the "When Lambo" group were just impatient
or niave thinking their expectations were going to be realised short term, "Sell Everything"
is about realising the opportunities presented now are not going to last and may not
be revisited short term.
The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.
DCA's already pretty much perfection. My 2 satoshi.
I DCA on average 3 times per month too from my wages and I think more and more people
are realising the benefit of the practice.
But sometimes people want to wait for lower, but that won't be a bottom but know that when it's bearish the buying opportunity is pretty good.
Yea trying to time the bottom can be tricky and you could easily lose out.
of years from now, "Why didnt I buy more when it was $19,000?" and maybe "Why didnt
I sell the kitchen sink?"
Buy now - profit later. This is the thing we have to focus on rather than think about when is the next ATH. It is better to fill our bag now making ready for that moment as there is nothing happening in the future if we don't take action by now.
Thats pretty much what I'm talking about.
Realise I'm replying late down here but the thing though with a "sell everything and the kitchen sink" mentality, you're usually a right fit for the Wen Lambo group as well.
Ah I dont know about that, I take it that the "When Lambo" group were just impatient
or niave thinking their expectations were going to be realised short term, "Sell Everything"
is about realising the opportunities presented now are not going to last and may not
be revisited short term.
The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.
DCA's already pretty much perfection. My 2 satoshi.
I DCA on average 3 times per month too from my wages and I think more and more people
are realising the benefit of the practice.
But sometimes people want to wait for lower, but that won't be a bottom but know that when it's bearish the buying opportunity is pretty good.
Yea trying to time the bottom can be tricky and you could easily lose out.
We also often hear "when lambo" is when the price peaks, but without us realizing it, that is the right price to take for ATH but in fact, after bearish, the words repeat themselves.
The current bear market opportunity is enough to buy at $20,000 and wait $80,000 that's a profit that must be taken but believe me this will be the next ATH because of the direction of bitcoin with its forward line.
But sometimes people want to wait for lower, but that won't be a bottom but know that when it's bearish the buying opportunity is pretty good.
The current bear market opportunity is enough to buy at $20,000 and wait $80,000 that's a profit that must be taken but believe me this will be the next ATH because of the direction of bitcoin with its forward line.
But sometimes people want to wait for lower, but that won't be a bottom but know that when it's bearish the buying opportunity is pretty good.
Realise I'm replying late down here but the thing though with a "sell everything and the kitchen sink" mentality, you're usually a right fit for the Wen Lambo group as well.
The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.
DCA's already pretty much perfection. My 2 satoshi.
The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.
DCA's already pretty much perfection. My 2 satoshi.
Something to remember is "when Lambo" is very usual to hear in the past years, asking when ATH. But then, it was answerable by "I/We don't know...
Maybe you are right - forgetting about When Lambo is somehow could help to relax our minds after seeing the huge decline.
Buy now - profit later. This is the thing we have to focus on rather than think about when is the next ATH. It is better to fill our bag now making ready for that moment as there is nothing happening in the future if we don't take action by now.
Maybe you are right - forgetting about When Lambo is somehow could help to relax our minds after seeing the huge decline.
Buy now - profit later. This is the thing we have to focus on rather than think about when is the next ATH. It is better to fill our bag now making ready for that moment as there is nothing happening in the future if we don't take action by now.
So while the "When Lambo" crew have disappeared there is a lot of talk about Bitcoin's
market value falling further, $13k, $10k and beyond.
Think back to 2017 The ATH at the end of the year was ~$19700
Think back 1 year after to 2018 Bitcoin fell to under $4000
We all know Bitcoin in the long term is only going one way, and thats up but most of us
didnt take the opportunities presented to us like in 2018, $4000 for a Bitcoin is now
a "sell everything" to buy Bitcoinprice.
Everyone has a mark at such time they panic to BUY Bitcoin, at what price is your
"sell everything to BUY Bitcoin" mark?
We know $69000 is easily achievable and we may not see these prices again after next
year so we have to take these bear market opportunities.
market value falling further, $13k, $10k and beyond.
Think back to 2017 The ATH at the end of the year was ~$19700
Think back 1 year after to 2018 Bitcoin fell to under $4000
We all know Bitcoin in the long term is only going one way, and thats up but most of us
didnt take the opportunities presented to us like in 2018, $4000 for a Bitcoin is now
a "sell everything" to buy Bitcoinprice.
Everyone has a mark at such time they panic to BUY Bitcoin, at what price is your
"sell everything to BUY Bitcoin" mark?
We know $69000 is easily achievable and we may not see these prices again after next
year so we have to take these bear market opportunities.
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