Don’t buy Bitcoin when FUD is over - page 3.

sujonali1819

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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.

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.

If I am wrong please correct me, someone. Maybe I don't know the proper meaning of FUD.

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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...

If you are a long-term investor, then you do not even need to try to make a purchase when the price reaches the bottom. What difference does it make if you bought BTC for 15 thousand or 20 thousand if you intend to sell it for 100 thousand dollars. Buy some BTC now and then repeat the purchase if the price continues to decline.

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

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.

Actually some smart buyers actually waiting for their target price and those big players even paying some media to create noise and news that even recycle to use for dragging btc down. If you are smart enough then youll just bought it when it goes down hard and ecen bought again if it plunges to average thevloss of value by buying at a lower price. Means DCA is a good way to counter this kind of market.

348Judah

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To make it more simpler in advising newbies, one of the things that discouraged maby people from investing in cryptocurrency is FUD, but you don't need to consider that when you're about to take a decision in other not to get discouraged, we have many people everywhere talking different manners of things about bitcoin and other cryptocurrencies but what we see and leanrt should be our first consideration and not what others say, they will not invest and will always discourage others from doing so.

Marykeller

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The best choice I have at this time, when the price of bitcoin ranges from $20k to $23k, is DCA. I'll be gradually taking profits as the price of bitcoin rises and falls.

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

Likely bitcoin is not going to $14000 ever again.

You cannot predict whether or not bitcoin will reach $14,000. We are yet to understand the direction of the bearish market, taking the bitcoin price to. Whether we are to witness a $14k price or not. Nevertheless, many investors will be expecting that bitcoin will drop in price to $14k or even less. So that they will have a great incentive to invest more

armanda90

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I don't care about DCA moment and seems right now is the best time for investing in Bitcoin although many people speculation about FUD still not over yet and have potential with Bitcoin price lower under $19,000. Dropped from $25,000 to $19,000 seems have enough and right now the great time for reinvesting in Bitcoin without hearing any positive news for reaching back to higher price.

But optimistic with Bitcoin current price have been lower and if still waiting I don't sure have another chance will drop again, I think next several days Bitcoin will back around $22,000 until $23,000.

dimonstration

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Quote from: tranthidung on March 10, 2023, 08:56:55 AM

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.

Like don't try to time the market and find it bottom. You can not.
Dollar Cost Averaging is cool. This website is useful to make your DCA plan https://dcabtc.com/

With DCA, you will spend fund regularly and after a few months or years, you will have big net capital by DCA. If you don't do DCA, you will not assign a same big net capital because when you have money in hands, you likely will use it for other purposes that reduce total capital for your investment.

I do DCA most of the time but I’m looking for a scenario like this for a possible good entry on short trade separate to my DCA. I personally find DCA quite boring especially if the price keeps back and forth that result to breakeven even if I’m doing DCA since 16K to 25K.

This is what I’m doing now to find a perfect opportunity to purchase at the current trend bottom and not the real bottom because no one can really predict that sweet price for entry.

tranthidung

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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.

Like don't try to time the market and find it bottom. You can not.

Dollar Cost Averaging is cool. This website is useful to make your DCA plan https://dcabtc.com/

With DCA, you will spend fund regularly and after a few months or years, you will have big net capital by DCA. If you don't do DCA, you will not assign a same big net capital because when you have money in hands, you likely will use it for other purposes that reduce total capital for your investment.

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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.

Chances of it dipping to 14 is quite unlikely. Even with multiple unfortunate events last year, the lowest price point was at sub 15K.

DCA is still ideal though.

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That's the hard part you will never know when and what price is bottom without DCA you won't be able to timing when to buy.

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

Likely bitcoin is not going to $14000 ever again.

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.

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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 means 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.

It's actually a piece of good financial advice and this is what I'm actually doing or should we be doing, waiting for the FUD so weak hands will release their holdings the bear market is the time when newbies and weak hands show their true color, what we mean by weak hands are those who invested with money they can't afford to lose, or who have not to trust the market and still holding on the thought that Bitcoin is dying.
Strong hands are those who patiently wait for the right and best time to buy, we are defined by what circumstances we are buying and selling our Bitcoin.

Pandu Geddon

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I am very bad at investment planning. I only buy when I have the money and the will to buy. I don't care about the value that is always moving. this one year I only focus on increasing the quantity of Bitcoin that I have.
but indeed when we see the price is dropping because of FUD, it makes us feel compelled to take money out of our wallet to buy Bitcoin. as many people say when the opportunity arises, and buy low and sell high. simple principle but might be difficult to implement for a beginner.

_act_

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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?

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.

Rikafip

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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?

dimonstration

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Dimon69

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.

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