Don't sit on your hands - page 2. | Bitcointalksearch.org

rojan

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Quote from: dbundus on August 09, 2022, 02:55:54 PM

Quote from: VRExpress on August 01, 2022, 09:20:13 AM

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

I do agree with you. Also, the market also likes to play counter-intuitive at times and that is why a lot of people lose trying to guess. DCA is the best strategy for overall win in the market. However, it requires more patience to finally make those huge gains.

Chatting basically requires patience. If you can be patient, you can survive in your trading. Anything can be achieved if you can be patient. If you lose patience somewhere, you must accept failure. If you can then one day you will be successful just like tweeting here when the market fluctuates you have to wait patiently and keep an eye on the situation of the market like this if you proceed step-by-step then you will be successful here properly.

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Quote from: VRExpress on August 01, 2022, 09:20:13 AM

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true,

The things about buying too low is that you won't ever reach that price range point anytime soon unless there are some major breakdown in the world for example what we have experienced with COVID 3 years ago which makes the price really down at that moment and fortunately we have recovered from that. If you are waiting for that kind of moment, that might be unhealthy to do.

blackened515

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Quote from: VRExpress on August 01, 2022, 09:20:13 AM

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

Although, Bitcoin price is hard to predict accurately. Personal, I won't basically be surprise if Bitcoin price probably falls to $10000. But, is not a great idea to wait for it to falls to 10k before investing. The bull run can begin anytime, we just have to take advantage of the present dip to enable us make profit when it rises. However, the price is currently around $24k, therefore IMO, their are low possibility that it will be dipping all the way to $10k anytime sooner.

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Quote from: Webetcoins on August 11, 2022, 04:31:52 PM

Quote from: blockman on August 10, 2022, 06:39:22 AM

it's all about those experiences that a new trader will accumulate. He can treat those losses as a learning experience but the cost depends on how much it is.
He can actually start with little and treats that as the way to learn the market at the expense of that budget he has allocated for his first trades. It doesn't have to be big.
But the matter is to be able to learn and maximize every lesson that he'll have through it.

Not many people understand that concept. Losing money as a way of learning how to make money better, is something crucial for any trader but they do not realize how important it could be. Instead they look at their losses and think that that's just a loss and they end up being something wrong, I do not think that it would be good enough at all for many people.

Just being upset or angry that you ended up losing money doesn't mean that you have the right to do that. You shouldn't be upset or angry, you should be anxious to learn that there is a good chance it could benefit you if you know what you lost and you could regain that even more if you learned your lesson.

we must learn from the mistakes that make us lose money in the trades we make. feel annoyed and angry I think it's natural, but we have to make us learn from our mistakes. otherwise, we will not get any progress and will always fail in the trades we do. the result may be that we will leave the market and start not trusting the crypto market anymore.

Silberman

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Quote from: traderethereum on August 09, 2022, 02:32:59 AM

Quote from: Silberman on August 08, 2022, 10:20:15 PM

Quote from: arwin100 on August 08, 2022, 06:17:01 PM

Newbie should do DCA because this could practice their patience towards their trades and as well they can learn more from their daily activities by looking at the market volatility. Although its really hard to spot the dip to maximize our profit but we should always put this as a goal that whenever we are in profit we should exit so that we can continuously accumulate rather than waiting for more pumps which we didn't knew if this one will continue and might this will cost us losing our all money if we are so careless on our trades.

DCA could be too advanced for most newbies as it could be incredibly painful for them to buy bitcoin and see that it goes down in price and then repeat this process over and over again, since at some point they could panic and sell their coins, to me it is better that newbies start by using the most simple strategy, which is just to buy and hold their coins, and then after they get a better understanding of this market they can try their hands on DCA.

Maybe newbies really need to learn more to analyze better so that even if the price drops, they can still see an opportunity to buy more than before.
It takes experience and practice many times to see the opportunities that come and I'm sure if they can do it, their ability to try DCA will be better one day.
It may look difficult but that's where the challenge is for a newbie, especially those without enough trading experience.
Everyone, especially professional traders, starts their career from the bottom and keeps learning until they have enough skills to trade and make a profit.

Without a doubt I think that many newbies could learn to perform the DCA strategy correctly, but in my opinion on their rush to get profits they skip a great deal of steps on their development and this plays against them, how many newbies try to day trade immediately with almost no knowledge about the markets? A huge number, then they lose their money and they get unhappy about this market, but if instead they began by holding their coins for a few years, then they got to implement DCA for a time as well and only then they decided to become traders their results will be way better, but for them this is a method that is too slow and they do not want to use it.

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Quote from: blockman on August 10, 2022, 06:39:22 AM

it's all about those experiences that a new trader will accumulate. He can treat those losses as a learning experience but the cost depends on how much it is.
He can actually start with little and treats that as the way to learn the market at the expense of that budget he has allocated for his first trades. It doesn't have to be big.
But the matter is to be able to learn and maximize every lesson that he'll have through it.

Not many people understand that concept. Losing money as a way of learning how to make money better, is something crucial for any trader but they do not realize how important it could be. Instead they look at their losses and think that that's just a loss and they end up being something wrong, I do not think that it would be good enough at all for many people.

Just being upset or angry that you ended up losing money doesn't mean that you have the right to do that. You shouldn't be upset or angry, you should be anxious to learn that there is a good chance it could benefit you if you know what you lost and you could regain that even more if you learned your lesson.

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Quote from: monineklutak on August 03, 2022, 09:59:19 AM

Quote from: [email protected] on August 03, 2022, 03:39:47 AM

Quote from: Tellek Garing on August 03, 2022, 02:32:12 AM

Quote from: jackg on August 01, 2022, 01:54:15 PM

It's always a good idea to come up with a strategy for when you're going to buy (and potentially sell) coins rather than just continously aiming to buy a lower price (you're more likely to sell at a loss then too imo).

Few people buy bitcoin at the bottom and most of them either buy randomly or buy without having specific strategies. The market will never tell you were the bottom or top is accurately and it only shows you area of conference and at that waiting to buy at the lowest of the lowest will always cost you to lose investment opportunities.

most of those random buys because they also have confidence in the bitcoin market that will pump up the future.
at any price, I think buying Bitcoin will not lose as long as we are patient for the targets to be achieved in the future.
investing is always profitable for the long term. the situation may be different if they plan a short-term trade or investment.

I think Bitcoin investment for the long term will be profitable and indeed it takes patience,
and for the short term I don't think it's the right time considering the current condition is still like this,
I really believe Bitcoin will skyrocket again in the future

From my personal experience on how the market works I think we are currently at the bottom! Both short and long term are in favor of bullish market. My indicator is showing low low om a daily and weekly charts and that is enough confirmation for me that it is at the bottom. We just waiting for some positive news that will trigger breakouts towards an upward direction.

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Quote from: dbundus on August 09, 2022, 02:55:54 PM

Quote from: VRExpress on August 01, 2022, 09:20:13 AM

~ ~ ~

I do agree with you. Also, the market also likes to play counter-intuitive at times and that is why a lot of people lose trying to guess. DCA is the best strategy for overall win in the market. However, it requires more patience to finally make those huge gains.

DCA aims to reduce mistakes in making investment decisions at the wrong time
DCA will also help us to be disciplined to buy more when the price is down and less when the price is going up and avoid emotional decisions
But if the market trend moves up, the DCA strategy has a relatively small return to investors

If our investment style is more aggressive, then a Lump sum strategy can be an option.
Both of these strategies can be equally profitable, the difference is only in money management and risk profile.

goinmerry

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Quote from: VRExpress on August 01, 2022, 09:20:13 AM

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

Who are these many people? Honestly, even Bitcoin will go down to $10,000, I doubt they will really start investing since for sure, they will expect for the price to go down more. That's always the case for those waiting for their price entry but when it reached, there's still a hesitation.

To expect for $10,000 Bitcoin price seems not close to reality but I'm not saying it's not possible to happened. We need a worst situation that something we can't imagined for that price to be reached.

I doubt the price will reach that level again. For those who are still waiting, they wasted lots of opportunity already with several price swings happened. If they think bitcoin is really good for long-term holding, they really need to act now and consider buying at the current price rate while also trying to increase their holdings as they wait for their expected moon price.

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It's not bad that OP is raising such advise at this point in the market where there's so much uncertainty than before. For risk taking in times when a market doesn't seem favourable is what has made many outstanding businessmen reach the height they are today.

But one thing OP fail to attach to his thread is that people should always never forget to put in an amount they are able to easily let go should there be a downfall to their investment plan. So as to avoid certain depression they may arise eventually from your loss.

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Quote from: Oceat on August 09, 2022, 02:59:54 PM

Quote from: blockman on August 09, 2022, 05:28:10 AM

Quote from: Oceat on August 08, 2022, 06:29:33 PM

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.

It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.

Yeah, it's debatable since there's too much factors why trading is not for everybody hence, not quitting will result to more losses though the cost was great but if someone can endure the losses and learn what they have been doing in the past when trading then it's worth it. But if someone who hasn't had enough funds to support their trading career I think it's best to stop or try a different approach when trading because it depends on someone's strategy.

Yes, it's all about those experiences that a new trader will accumulate. He can treat those losses as a learning experience but the cost depends on how much it is.
He can actually start with little and treats that as the way to learn the market at the expense of that budget he has allocated for his first trades. It doesn't have to be big.
But the matter is to be able to learn and maximize every lesson that he'll have through it.

Phyllomania

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Totally, it’s not going to wait for something that you might think will happen but may not. So, if one can invest some money in crypto, it’s a good time to do so.

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Quote from: Vaculin on August 09, 2022, 06:08:36 PM

Quote from: AicecreaME on August 05, 2022, 05:13:13 AM

Actually if they are lazy enough to research about strategy regarding about the possible price of Bitcoin when it goes down even more, they could literally just buy at whatever the price of Bitcoin right now, because we are too far from the all time high and all they would do is to wait for it to reach that peak again to gain profits.

Now, if the price dumps even more after they bought, then it's fine, because the bottom line is Bitcoin will definitely gonna make a new all time high after this bear market.

Bitcoin will always bound to settle for a new all time high, that is why even if you can’t make the best entry, you will still be profitable in the future as long as your goal is to have bitcoin as a long term investment. Unlike with altcoins, their future are more uncertain compared to bitcoin, and people should always wait for the best entry so that they can maximize their profits in time before the value of those altcoins start to drop again.

That's why we don't have to wait for Bitcoin to drop to $10k first to buy Bitcoin. We can buy Bitcoin at the current price, it's not too bad if
we decide to buy Bitcoin at $23k. Because when compared to the price of Bitcoin which managed to reach a price above $60k before,
then buying at a price of $ 23k we can say we are buying Bitcoin at a low price. Even I myself do not have a target to buy Bitcoin at
what price, what I'm doing now is buying Bitcoin regularly every month from 10% of my income. Because I know as long as we can collect as
much Bitcoin as possible and after that we hold the Bitcoin we have in the long term, I am optimistic that we can all make a profit from Bitcoin.
So my advice never delay buying Bitcoin if we do have the capital to invest.

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Winding down.

Quote from: AicecreaME on August 05, 2022, 05:13:13 AM

Actually if they are lazy enough to research about strategy regarding about the possible price of Bitcoin when it goes down even more, they could literally just buy at whatever the price of Bitcoin right now, because we are too far from the all time high and all they would do is to wait for it to reach that peak again to gain profits.

Now, if the price dumps even more after they bought, then it's fine, because the bottom line is Bitcoin will definitely gonna make a new all time high after this bear market.

Bitcoin will always bound to settle for a new all time high, that is why even if you can’t make the best entry, you will still be profitable in the future as long as your goal is to have bitcoin as a long term investment. Unlike with altcoins, their future are more uncertain compared to bitcoin, and people should always wait for the best entry so that they can maximize their profits in time before the value of those altcoins start to drop again.

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Quote from: Oceat on August 09, 2022, 02:59:54 PM

Quote from: blockman on August 09, 2022, 05:28:10 AM

Quote from: Oceat on August 08, 2022, 06:29:33 PM

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.

It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.

Yeah, it's debatable since there's too much factors why trading is not for everybody hence, not quitting will result to more losses though the cost was great but if someone can endure the losses and learn what they have been doing in the past when trading then it's worth it. But if someone who hasn't had enough funds to support their trading career I think it's best to stop or try a different approach when trading because it depends on someone's strategy.

You should accept losses and learn from it instead of quitting, you cant really make yourself that improved or good in terms of being a trader or investor if you do really make yourself that too impulsive on things
and made out decisions that you should quit or completely stop because you do see that you cant really able to do it.Whenever we do see investment opportunities then its up to our choice
and base up on our risk management or factor if we do really make out decision whether we do get in or not. Just dont make yourself sit down and telling up things without doing any action
or decision because once the market do make out some move and you had missed it out then it would leave you regretting.

Oceat

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Quote from: blockman on August 09, 2022, 05:28:10 AM

Quote from: Oceat on August 08, 2022, 06:29:33 PM

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.

It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.

Yeah, it's debatable since there's too much factors why trading is not for everybody hence, not quitting will result to more losses though the cost was great but if someone can endure the losses and learn what they have been doing in the past when trading then it's worth it. But if someone who hasn't had enough funds to support their trading career I think it's best to stop or try a different approach when trading because it depends on someone's strategy.

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Quote from: VRExpress on August 01, 2022, 09:20:13 AM

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

I do agree with you. Also, the market also likes to play counter-intuitive at times and that is why a lot of people lose trying to guess. DCA is the best strategy for overall win in the market. However, it requires more patience to finally make those huge gains.

lixer

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Quote from: lienfaye on August 07, 2022, 11:18:31 PM

Quote from: NicNacCoin on August 07, 2022, 06:53:50 PM

I don't think Bitcoin will ever hit 10k. But currently, Bitcoin is between $22,000 and $23,000.In the meantime came up to 17 thousand dollars. But it did not wait there for a long time and the market went up very quickly.If you want to invest, you must invest with your head and analysis and see a good time, don't rely on your hands all the time.You can never invest on your own hands.

Having our own analysis can help us decide on when is the right timing for us to buy. If you're going to hold for long period, a price decrease even a bit will do since its not for short term investment. The problem for some investors are they're waiting for the real bottom not knowing they already missed the opportunity to buy. On the other side, DCAing is a good strategy so we dont need to concern ourselves for the current price.

That’s the benefit of being a long term investor. If you are doing something that is beneficial for you like long term investment, then all those things that "should" hurt you like a short term drop would not matter to you. Like I have been holding for a few years now, saw it go up a lot, saw it go down a lot and none of that mattered to me, I was of course happy when it went up but didn't sell much.

So, people who are long term will not be caring for the drops there are in the price of bitcoin or anything else. This is the approach you could have during bear markets like now, you could buy as much as you can and wait for the long term profits.

blockman

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Quote from: Oceat on August 08, 2022, 06:29:33 PM

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.

It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: abel1337 on August 08, 2022, 06:34:20 PM

Bitcoin is a very volatile asset and it is expected to move up and down anytime. The massive dump of bitcoin has happened many times before and it is expected because of the market cycle we are anticipating for. There are many charts all over the internet speculating where will bitcoin go and some of them are from $10k range. It's actually possible but the best thing we can do right now is to apply DCA since the market now is very uncertain.

Depending on what money you have at hand to spend, you could buy bitcoin at different levels when it is dropping and hold your horses when it is rising.

Simple and safe strategy to accumulate bitcoin with the idea to sell them at higher levels works nicely but it takes patience and the earning is gradual. Indeed, you could take more risks and speculate on the prices but one should ask themselves is that stress worth it? In most cases the answer is No.

Since the price has moved from 22k to 23k USD, I expect the bearish trend to have reduced compared to the bull trend. Therefore it is a time to keep patience and focus on markets other than crypto for active trading and just wait and watch for this one.

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