Topic: Bitcoin Bullish period and advantage. - page 2. (Read 1290 times)

Bitcoin is currently trading in the $60K region and what will happen next, do you know? Will it continue to decrease or will it continue to increase from now on? What will you do next if the price bounces back from now and doesn't drop to $50k as you expected? Will you continue to wait in vain or will you have to buy bitcoin for $70k just because you bargained too much with the market?

That's what I want to say, trading is not simple, if making profits from trading is so easy then why do so many people lose money and even stay away from it. I still maintain my opinion, DCA and long-term holding is the best strategy if we want to make huge profits in this market.

What I meant is what you said exactly - mistakes will be made, and it's great if you have a tutor of sorts, but if not - you yourself should see the problems arising and try to solve them. That's harder for sure, but you will become experienced nevertheless.

That is basically the most newbie move that anyone could make in the crypto world, if you know crypto then you know that it always recovers and because of this I feel like we should not be worried about it. I get that it may not feel like it's something we can argue against, it's definitely something we are not really worried about, just let it be and we are going to end up with a good return if we know what we are doing and this is why we do not sell and we hold as long as we possibly could, that makes things a lot better.

We are going to probably see a much better result with time, we just need to focus on whatever we can do for the short term and in this period we may need to hold for long term and ignore short term.

I would have loved your statement but it's not without a fault. Fine, it is good to follow your trading perspective and plans to avoid distractions, but that is only good and honourable when they are working. If they are not, I bet you need to reach out to others you know they are better than you. This was what I did that made me a better trader too, we may not make it if we rely on our trading views and wisdom alone.

Many are on the forum I naturally know they are still in need of a tutor as there is no way they can make it in trading with the wrong ideology they carry about. Telling such people to stick to their motives is like telling them to continue failing.

They will suffer the most when they sell their investment for fear of further losses because if they had been able to hold it patiently for a long time it might have recovered and made a profit. That is why we should acquire proper knowledge about investments before investing, And we should control our emotions while investing.

As you mentioned, if an investor's portfolio loses 50 percent in value, it is a matter of concern. In this situation, bad thoughts will arise in everyone's mind and even they will be tempted to sell it. But if they can patiently hold the investment like a seasoned investor during this tough period then they will see success when the price of Bitcoin increases. Instead of getting upset during the market dip season, one should take the opportunity to buy coins at low prices using the funds close at hand, which can give the investor the desired results if the price rises later.

Self-discipline is key here. When we see red, we shouldn't be encouraged to leave our red bags behind. The bounce back (especially on BTC) is inevitable. It's just a matter of time.

Well you do not know when it will decrease, but you know when it's decreased, and you do not know when it will go up, but you know when it's up, isn't that enough? Think about it, if the price is around 60k right now, that means if it goes down to 50k, it's perfect time to buy, and if it goes back to 60k then you are free to sell. Doesn't mean that it won't go down more or go up more, those things can happen but you made your profit and that's the only thing that matters. That's what you just have to do there is nothing else you have to worry about.

I personally believe that we are going to make a good profit if we know what we are doing and there is no need for anything else, we just have to focus on making that type of profit.

Trading sounds simple, we just need to buy when the price dip and sell when the price increases. But the question is how do we know when prices will decrease and when prices will increase? What guarantees that when we buy, the price will stop falling and prepare to reverse? Many people also try this strategy, thinking that by doing so they can make profits or easily increase their bitcoin holdings. But the truth is not that simple, most lose money and even miss a big price increase.
I also have friends who fall into this situation, they sell when the price increases and wait for a correction to happen to buy in, but unfortunately bitcoin suddenly skyrockets beyond their expectations. As a result, they have to buy bitcoin at a higher price than they sold it for fear of missing the train.

In my opinion, there is no method that brings better results than the DCA strategy and holding until the goal is achieved.

Selling any BTC in retrospect has not been the best idea.  The idea of perfect trading exists for 1% of the population maybe and they do it on leverage and its their job for 8 hours everyday.   Thats legitimate but its not the reality for most and looking back and pointing out the lows and highs after the fact isnt useful its destructive and misleading if anything.

The only thing to do is a consistent plan which works in the past and also the present.  If you held previously and also do so now you will very likely gain, quite simple.   I cant hold everything, I dont have that capital spare so Im quite fine with some attempt at trading but most of us wont be anywhere as good as we need to be.

Investors must keep good knowledge on Bitcoin to survive such a situation. Those who have acquired a good understanding of Bitcoin must be able to hold their Bitcoins in any situation. They can control themselves in emotional areas but beginners make the biggest mistakes during this time. A slight price drop tempts them to make the wrong decision. If investors are busy holding only after learning about the potential of Bitcoin then they will definitely be profitable after a long time. But for investors who can't afford to take a little risk and who panic at a 5-10% price drop, it will definitely be difficult to hold Bitcoin. They will never profit from Bitcoin.

It is like timing the market; I believe ensuring you can Take advantage of the market is demanding. It’s easy to say that you should hold. If it is a bullish market, then sell at the top. Bearish market the opposite way.

I believe this is an effect in terms of the psychological factor if it is going to be continuous or not, but it’s definitely affected also by emotion. We need to know ourselves if we want to be clear on what we want.

Fearing further losses, people withdraw their investments but they should have bought more Bitcoin and allowed the unit price to fall further. Aggressive buying during bearish periods should be taken as an opportunity for the investor to accumulate more bitcoin and get higher profits during bullish periods/round the multiple cycle. Although many investors may not have the ability to make aggressive buying, but an investor who applies the DCA method over the long term can hold large holdings.

We cant deny it, most of the investors is tempted to sell during dip when they saw thier portfolios losses 50% of its value it is because we have fear, instead of buying more coins they are tempted to sell because they think that dropping of price continue and they don't want thier funds to be loss forever, this is the reason why most of the investors loss and only few percent of them earn.

You are wrong about this and my advice is that you should let investors do as they wish, after all, both classes of investors are aiming to earn money through Bitcoin and indeed they will earn it if they speculate and actualise it well. The exception is that one investment style will earn more than the other. Also, contrary to your view, it is those who invest when the trend is bullish and divest when the trend is bearish that will earn more money from Bitcoin, not the HOLDers if the high price of Bitcoin is to be observed.

In my experience, HODLing is a context that is being exaggerated, but of course, it worked well in the past, which might be what has entered into the heads of many, but the positive effectiveness can't be the same when the price of Bitcoin is already high. For instance, those who bought Bitcoin at $32 and continue to HODL it will have fortunes in their account now. But those who tried such when Bitcoin is at about $65,000 will only be deceiving themselves because they would be neglecting many facts/factors by doing that.

They should know that at $65,000, Bitcoin is already heavy, and the popularity and liquidity of the coin when it was at $32 can't be compared to when it is at $65,000 are not the same. More investors and better adoptions were still possible when it was at $32, but I wonder who will push it significantly upward to gain more than 200 times when bought at $32 in comparison to when bought at $65,000?

Choosing a cycle with a long duration will always be suitable for people who like to invest in Bitcoin because from what I have seen in several cycles in Bitcoin, it has always been more profitable for people who have consistently bought when the price was still low and then invested it in the long term. So that can be a good example for everyone who still continues to do something like that for now without having any hesitation in buying in conditions like this. And I also still want to stick with Bitcoin investments even though I also like to trade with other coins in the market for the short term.

The decision to stick with Bitcoin holdings tends to increase your profits in the future. Tendency to continue buying and taking care of holdings in any bearish or bullish market. This should make it more useful to base your decisions on the sentiments of people at different levels of market sentiment as everyone may have different investment objectives. But you should continue to make consistent buy considering the surrounding conditions, which gradually fills a full circle from bitcoin fractions. And for this you should choose a cycle of long duration.

Problem with selling into strength is one day it moves past the ceiling say 70k now and it doesn't stop it just keeps going.  But if you sold relying on a sell to occur at that top then you missed the majority of gains others received and all they had to do was hold nothing that clever, just avoid the mistake of selling a performing asset which BTC is.

Its really hard to separate all the competing dynamics in BTC or the majority of assets.   It has been a very good bet since Feb that we operate in a range, 70k down to 50k or so which is large enough to trade on.  However at some point the market out does itself and BTC reverts to its basic definition of a volatile asset not easily predictable and very hard to trade to advantage most weeks.

In the end, everyone must stick to their own position on anything because other people's perspectives are only given based on what they feel comfortable enough to do which may not be comfortable enough for us to do ourselves. So we must still have initial considerations on all other people's perspectives besides sticking to our own decisions on anything. And with the current market conditions, of course everyone will try to be patient and keep their respective holdings on a better track because conditions like this will not last long in the market.

Sticking to a plan and not falling for someone else's perspective is key to self-improvement. We should strive to become better at analyzing the factors that are worth our efforts (how and why news affects the market, why we shouldn't go after the crowd which panics a lot out of nothing, the flow of smart money and the moves from big hands, and many more).

If the beginners had done some research they would not be making the same mistakes that the veteran makes because the veterans that made the mistake has already shared it and we can learn from them to save the cost of the mistakes which is to lose money. But most beginners do not care to do research and only act as they like which is why we are having repeated mistakes happening every time.We should hodl when there is a bear market because the price will bounce back. Bitcoin is volatile therefore we do not have to buy at every dip too or sell at every dip, we need to have our plans on how we buy based on the capital available. We also should not make the mistake of ignoring Bitcoin during bear market to only chase after the price during the bull market, as that is wrong.