Don’t buy Bitcoin when FUD is over - page 2.

salad daging

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Quote from: AakZaki on March 22, 2023, 02:39:48 PM

The current price is still quite far from reaching the last ATH. Now is really a Bitcoin recovery moment if no FUD is coming, FUD can indeed happen but some FUD has taken a hard hit to the Bitcoin price. When Bitcoin reaches $28k at the moment, it is a good point and will continue to increase until it can reach the $30k level. The clear potential in Bitcoin and good advice to start buying now and using the DCA strategy. There is no need to doubt, buy and hold in the long term it will be better and will provide commensurate profits, even more.

It's enough to feel now how FUD hit bitcoin to fly again after yesterday's correction, it will still be the way to buy bitcoin now it's still quite good it's just that among those who want to buy then think this is already high then it will be doubtful especially not understanding the history of bitcoin how it used to be so it is difficult for them to determine when to buy.

It is true that you said the DCA strategy is the best, we will not know an increase or decrease, basically DCA is consistent regardless of price, because this is for the long term, so accumulating with this method is a good idea for those who want to try investing in bitcoin.

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Quote from: dimonstration on March 10, 2023, 07:24:28 AM

snip

Agreed, to understand it more accurately you can observe the latest fud created by SEC and USA banks, but those fuds are to decrease the BTC capital/price. I know they are not fuds but some bad economic events have the same effect on BTC price. overall, when people fell prey to those fuds and some sold in panic and some bore it with patience but when time passed people moved on then most of us bought it in by thinking that BTC is already at 22k (let's assume) not there are more chances of it to go to $25k no doubt it hit that target too.

The real game starts when that sentiment made a place in people's hearts and traditional traders thought of it as also a good opportunity but then USA banks were bankrupted which make the BTC price decrease. But suddenly it increases to $27k and now it's at above $28k.

No one can predict the market accurately, and that's why there is a bundle of trading strategies to make more profits and fewer losses.

erep

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Quote from: AakZaki on March 22, 2023, 02:39:48 PM

The current price is still quite far from reaching the last ATH. Now is really a Bitcoin recovery moment if no FUD is coming, FUD can indeed happen but some FUD has taken a hard hit to the Bitcoin price. When Bitcoin reaches $28k at the moment, it is a good point and will continue to increase until it can reach the $30k level. The clear potential in Bitcoin and good advice to start buying now and using the DCA strategy. There is no need to doubt, buy and hold in the long term it will be better and will provide commensurate profits, even more.

Even though market conditions are recovering but suggest for buyers to wait for the next correction because the market is still the highest recovery price so far, if you buy with the DCA strategy at the current price then you should focus on long term investment, my prediction is the market can correct at a price of $ 25k if the $27k price is unsustainable, so I think there is no need to rush into buying at the current price and need to wait for the right moment for a lower price.

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Quote from: Falconer on March 21, 2023, 02:07:55 PM

Please note that currently bitcoin is still 54% below its last ATH. This means that we can still expect good potential to achieve new ATH in the future because it has been proven in history. The same thing happened in 2018 and 2019 or after the 2017 ATH, but 2020 was a banger as $69k was hit as bitcoin's new ATH.

If you and others are hesitating because you think the current price is too high, then use a sound strategy. Of course, it's DCA.

The current price is still quite far from reaching the last ATH. Now is really a Bitcoin recovery moment if no FUD is coming, FUD can indeed happen but some FUD has taken a hard hit to the Bitcoin price. When Bitcoin reaches $28k at the moment, it is a good point and will continue to increase until it can reach the $30k level. The clear potential in Bitcoin and good advice to start buying now and using the DCA strategy. There is no need to doubt, buy and hold in the long term it will be better and will provide commensurate profits, even more.

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Quote from: dimonstration on March 10, 2023, 07:24:28 AM

Don’t buy Bitcoin when FUD is over because it’s very hard to timing when will it happened or else you will be buying at high price.

Buy Bitcoin when FUD is upcoming while the price of Bitcoin doesn’t move much or dump harder. You will see the chart that it’s just sideways despite multiple FUD is piling up. This means that mean that there’s still a lot of solid Bitcoin holders while weak hands is leaving. Doing this will give you high chance to purchase on the bottom trend. Wink

***Not a financial advice.

right, the best opportunity to buy bitcoin at any time is when the red market or FUD is spreading strong so i always prepare the cash that i generate from my real-world business to keep buying bitcoin using the DCA method, i also use the 20% percentage ^{(that I buy)} when the market moves down.

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Quote from: Falconer on March 21, 2023, 02:07:55 PM

Quote from: bounceback on March 12, 2023, 05:26:05 PM

If our investment goal is for the long term then buying bitcoin when there is FUD is of course a good opportunity because when FUD takes place the market will usually experience a panic and make the price of bitcoin fall due to the panic selling factor carried out by some investors in the market, so this momentum we can take advantage of it by making purchases in stages so that we can continue to get cheaper prices when making purchases, never hesitate to buy when FUD is in progress because so far this event will only have a brief impact on market movements and when the panic ends the market will rise return.

Please note that currently bitcoin is still 54% below its last ATH. This means that we can still expect good potential to achieve new ATH in the future because it has been proven in history. The same thing happened in 2018 and 2019 or after the 2017 ATH, but 2020 was a banger as $69k was hit as bitcoin's new ATH.

If you and others are hesitating because you think the current price is too high, then use a sound strategy. Of course, it's DCA.

It is true that when there are big fuds that will cause bitcoin to decline, it is a good opportunity to accumulate, but sometimes bitcoin does not need fuds or negative news also to decline. But I won't wait for fuds or black swans to happen to start buying bitcoins. I will buy when I can, and if everything goes according to my plan, I will buy bitcoin.

Like now, we have no bad news, and bitcoin price is only 28k, if we wait without buying right away, we will most likely regret it if bitcoin crosses 30k and goes up a circuit without a decrease again.

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Better to make an accumulation with these possible times, its ideal to make a market technical analysis so you have a way where to buy or where to sell and set a goal always make a plan with your investment and not just only letting your money in the wallet you have, we know how does the bitcoin goes pump and we experience already for the previous halving there's a chance that those coins will make a good run and profit sooner or later. Buy when people doubt and sell when people scared to get late. Always set your mindset in advance to gain more profit.

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Quote from: bounceback on March 12, 2023, 05:26:05 PM

If our investment goal is for the long term then buying bitcoin when there is FUD is of course a good opportunity because when FUD takes place the market will usually experience a panic and make the price of bitcoin fall due to the panic selling factor carried out by some investors in the market, so this momentum we can take advantage of it by making purchases in stages so that we can continue to get cheaper prices when making purchases, never hesitate to buy when FUD is in progress because so far this event will only have a brief impact on market movements and when the panic ends the market will rise return.

Please note that currently bitcoin is still 54% below its last ATH. This means that we can still expect good potential to achieve new ATH in the future because it has been proven in history. The same thing happened in 2018 and 2019 or after the 2017 ATH, but 2020 was a banger as $69k was hit as bitcoin's new ATH.

If you and others are hesitating because you think the current price is too high, then use a sound strategy. Of course, it's DCA.

hatshepsut93

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FUD is always present because there are always people who hate and dismiss Bitcoin. When the market is bearish they get more active and the media is more interested in covering negative aspects of Bitcoin rather than positive. But it's all very relative.

Everyone knows that it's better to buy during the bear market, but no one knows how long it will last and where is the absolute bottom. That's the problem.

Quote from: dimonstration on March 10, 2023, 07:24:28 AM

***Not a financial advice.

*Gives financial advice*

bounceback

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If our investment goal is for the long term then buying bitcoin when there is FUD is of course a good opportunity because when FUD takes place the market will usually experience a panic and make the price of bitcoin fall due to the panic selling factor carried out by some investors in the market, so this momentum we can take advantage of it by making purchases in stages so that we can continue to get cheaper prices when making purchases, never hesitate to buy when FUD is in progress because so far this event will only have a brief impact on market movements and when the panic ends the market will rise return.

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Quote from: Rikafip on March 10, 2023, 07:27:27 AM

Or instead of trying to time the market (which you will most likely fail to do as a newbie anyway), why not use DCA method so you don't have to worry about any of things you mentioned?

Perhaps this is the best advice for beginners, I read the forum and I see that even for experienced users it is not so easy to determine where the bottom will be, and even more so it will be difficult for beginners. DCA greatly simplifies and makes everything understandable.

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Quote from: _act_ on March 10, 2023, 07:31:44 AM

That is the good idea.

But if bitcoin can decrease to $17000 next, I am buying big amount, it is a good buying price. If it falls back below $16000, I am using the 100% money to buy. This is more than DCA because that price is the list price if bitcoin. Likely bitcoin is not going to $14000 ever again.

If the price of bitcoin is still at $18000 to $25000, I will continue DCA.

LOL same here, I am also waiting for bitcoin to go down under 17k$ to buy more again. But I don't think the price will go down to this point now, so we have to wait for a long time to buy again. But if the price goes down I will empty my bank and I will go all in.
I set an alert for 17k$ already, and I wish bitcoin price to go down.

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Quote from: dimonstration on March 10, 2023, 07:24:28 AM

Don’t buy Bitcoin when FUD is over because it’s very hard to timing when will it happened or else you will be buying at high price.

Buy Bitcoin when FUD is upcoming while the price of Bitcoin doesn’t move much or dump harder. You will see the chart that it’s just sideways despite multiple FUD is piling up. This means that mean that there’s still a lot of solid Bitcoin holders while weak hands is leaving. Doing this will give you high chance to purchase on the bottom trend. Wink

***Not a financial advice.

The FUD shouldn't be what we should wait for before buying because we are not seers.
I know that in the crypto market,one of the rules for trading is buy when the price is low and sell when the price is high. I think only traders should do this, investors who wants so hold for long don't have any business to do with the fluctuation in bitcoin price. All they need is regular DCA and wait till bitcoin halving is over and sell some of their investment during the bull run at a desired price. If bitcoin price goes dip beyond expectations, it will be a good opportunity to buy more bitcoin to your investment.

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In general, you can buy bitcoin at any time, because bitcoin is always growing, unlike the vast majority of altcoins. Of course, you can follow the charts and look for the ideal entry point for a profitable buy, but not everyone does that. Even the big players are buying bitcoins without looking at the charts. You can buy bitcoin at any time and with any free money you have, if your planning horizon for making profit is much longer than the next month. If your investment strategy implies long term HODL, for example 5-7 years, then who cares at all what is going on in bitcoin market right now. Only short-term speculators and leveraged traders care.

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Quote from: dimonstration on March 10, 2023, 07:24:28 AM

Don’t buy Bitcoin when FUD is over because it’s very hard to timing when will it happened or else you will be buying at high price.

Who knows when the fud is coming or over? What are the signs for them? The timing for any of sort is never accurate and with that I think DCA is still the best way to measure out some profit at any major bull run if you already hodling. Looking for an appropriate timing will turn you into s spectator outside from the market. Only buy when you expect price can run with your hodling and you can cash out if you are not in for the long.

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Quote from: dimonstration on March 10, 2023, 07:24:28 AM

Don’t buy Bitcoin when FUD is over because it’s very hard to timing when will it happened or else you will be buying at high price.

Buy Bitcoin when FUD is upcoming while the price of Bitcoin doesn’t move much or dump harder. You will see the chart that it’s just sideways despite multiple FUD is piling up. This means that mean that there’s still a lot of solid Bitcoin holders while weak hands is leaving. Doing this will give you high chance to purchase on the bottom trend. Wink

How does one know when the FUD is coming? If that was really something we could know, I think we could all time the market pretty well. So it is better not to chase FUDs or anything, and simply start doing DCA as soon as you feel that the price is starting to drop slowly. This way, you won't miss any points and will have enough collected when it reaches the bottom.

This is the best way if you have been saving up to invest in Bitcoin at the best possible price. Timing the market exactly is not possible and is hardly doable. So, it's better to just do the least doable.

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That doesn't sound like the most reliable strategy, at least not something that could work all the time.
The thing about FUD is that its effectiveness depends on a lot of factors. For example market sentiment and the ongoing trend plays a very important role. 2017 is the best example of everything since we saw literary everything in that year.

After SegWit was activated there was a massive FUD campaign telling people that they will lose their money by repeating a keyword called "anyonecanspend" lying that anybody can spend your SegWit transactions trying to push the price down. It didn't really work and price went up.
On the other hand there was another FUD campaign before SegWit activation where everyone was spreading FUD even some of the US banking cartel joined in talking about the "end of bitcoin" and it caused a considerable crash.

2 different FUD campaign at 2 different times had 2 different outcome.

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Quote from: dimonstration on March 10, 2023, 07:24:28 AM

Don’t buy Bitcoin when FUD is over because it’s very hard to timing when will it happened or else you will be buying at high price.

Buy Bitcoin when FUD is upcoming while the price of Bitcoin doesn’t move much or dump harder. You will see the chart that it’s just sideways despite multiple FUD is piling up. This means that mean that there’s still a lot of solid Bitcoin holders while weak hands is leaving. Doing this will give you high chance to purchase on the bottom trend. Wink

***Not a financial advice.

Instead of waiting for FUD to start and maybe over and timing when to buy or not, it would be better you start buying at low now either as you earn or you apply the DCA method. This method works well for long term investors.
Do not used FUD as a criteria to enter or exit market because FUD never ends and has so many negative implications.

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Quote from: _act_ on March 10, 2023, 07:31:44 AM

Likely bitcoin is not going to $14000 ever again.

Hah I wouldn't bet on it, that we will never see those prices again. Just a couple of months ago bitcoin was ~$16k which so who is to say that we won't go back there again with everything that has been happening lately, and it doesn't take much from 16k to 14k. If something happens to Binance (which is a realistic possibility) for example, we would go through 14k like a hot knife through butter.

_act_

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Quote from: BitMaxz on March 10, 2023, 08:31:57 AM

How did you know? There is no way to know if Bitcoin can touch again to 14k if you know what happened in the past about the price of bitcoin there is also someone predicting that the price of Bitcoin won't drop below 10k but after a few months, it started to drop below 10k. So there is still a possibility it may drop to 14k or lower than that.

Anything can happen, but that is based on my analyses and how the price of bitcoin has been in history. But let me put it like this: if the price of bitcoin get to $16000 again, will you not buy enough? If you did not, it would only be a missed opportunity of the next bull run, although the price may still fall again and reach $16000, but getting below $14000 is highly not likely at all.

Quote from: sujonali1819 on March 10, 2023, 11:23:04 AM

What does mean by this FUD actually? As I know it's something like a piece of false news but hyped on the internet. So it could good news or bad news. Most of the time it acts as bad news I assume. But you are suggesting buying bitcoin when FUD is upcoming. So a Big chance to lose your fund because most of the time FUDs are bad news and help to crash the market as I know.

Did you remember the China FUD on bitcoin and crypto ban? The price crashed from $46000 to $29800 at that time. Did you remember the one that happened during FTX implosion? Bitcoin price crashed from $22800 to $15500. I think that is what OP meant. During the FUD, the price will fall significantly. After the FUD, you can still wait, but you will notice that bitcoin is not going beyond certain price again after massive bear market.

Topic: Don’t buy Bitcoin when FUD is over - page 2. (Read 599 times)