Don't sit on your hands - page 3. | Bitcointalksearch.org

traderethereum

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Quote from: Silberman on August 08, 2022, 11:20:15 PM

Quote from: arwin100 on August 08, 2022, 07:17:01 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.

Silberman

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Quote from: arwin100 on August 08, 2022, 07:17:01 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.

abel1337

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Quote from: Rigon on August 08, 2022, 07:25:41 PM

Quote from: VRExpress on August 01, 2022, 10:20:13 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.

In fact, it is very difficult to say what the Bitcoin market will be at any given time. At any moment the Bitcoin market can be dumping and at any moment the Bitcoin market can be pumping.Many are speculating that the Bitcoin market may be dumping further and may stay within the $10k range. But we have seen and know that Bitcoin only reached the maximum of 69 thousand dollars and then gradually more Dumping is 17k dollar range.This is such a big dumping in the middle I think this is the biggest kind of down that may never come again.At the moment, the Bitcoin market is now at 23 thousand dollars, but if you want to invest, you can invest in this market.Investing must wait for long time. But you can own a huge amount of money someday.

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.

Oceat

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Quote from: arwin100 on August 08, 2022, 07:17:01 PM

Quote from: ?? on ??

Quote from: VRExpress on August 01, 2022, 10:20:13 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.

There is no wrong if you always seek for the best entry as that will help you maximize your future profits. However, in a market that is so much unpredictable and that bitcoin is highly volatile, you will never know exactly when is the best entry and the best exit. The most important is that you got to grab every bit of opportunities that is happening in the market, otherwise you'll be left behind. So do DCA now, as its the most effective way to increase the volume of your bitcoin and make your portfolio profitable in the future.

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.

It depends actually on how much capable they are when doing trades but after all they still need those experience so that they will learn in the future how to do trade with the right plan and strategy to make some profit. 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.

Rigon

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Quote from: VRExpress on August 01, 2022, 10:20:13 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.

In fact, it is very difficult to say what the Bitcoin market will be at any given time. At any moment the Bitcoin market can be dumping and at any moment the Bitcoin market can be pumping.Many are speculating that the Bitcoin market may be dumping further and may stay within the $10k range. But we have seen and know that Bitcoin only reached the maximum of 69 thousand dollars and then gradually more Dumping is 17k dollar range.This is such a big dumping in the middle I think this is the biggest kind of down that may never come again.At the moment, the Bitcoin market is now at 23 thousand dollars, but if you want to invest, you can invest in this market.Investing must wait for long time. But you can own a huge amount of money someday.

arwin100

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Quote from: ?? on ??

Quote from: VRExpress on August 01, 2022, 10:20:13 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.

There is no wrong if you always seek for the best entry as that will help you maximize your future profits. However, in a market that is so much unpredictable and that bitcoin is highly volatile, you will never know exactly when is the best entry and the best exit. The most important is that you got to grab every bit of opportunities that is happening in the market, otherwise you'll be left behind. So do DCA now, as its the most effective way to increase the volume of your bitcoin and make your portfolio profitable in the future.

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.

Fatunad

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Quote from: lienfaye on August 08, 2022, 12:18:31 AM

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

Quote from: VRExpress on August 01, 2022, 10:20:13 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 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.

Always trust your analysis and just snip out some ideas on others but dont make yourself that relying into others calls and analysis because you would end up on regretting if you do lose a certain
trade just because you've followed on what others said.DCA is good but not all does have the money on doing so thats why whenever they do decide to make a buying decision then they would really be
that careful on taking such thing because it do cost money but its true that due to hesitance it do really end up on missing out good opportunities to buy cheap but since this market is unpredictable
then having these errors or missed opportunities is really a common thing.

Alisha-k

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As everyone is saying DCA remains the best strategy at the moment to avoid been caught up by any market surprises. And always having an analysis even for the DCA method is an added advantage. Applying DCA blindly is equivalent to gambling. Crypto investment generally is a research oriented venture. Other sit on one's hand as Op tagged it making research on DCA approach will keep them prepared for what ever the market decides on

lienfaye

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

Quote from: VRExpress on August 01, 2022, 10:20:13 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 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.

NicNacCoin

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Quote from: VRExpress on August 01, 2022, 10:20:13 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 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.

CryptocurencyKing

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Quote from: VRExpress on August 01, 2022, 10:20:13 AM

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 guess some would be wanting on another wave of the pandemic or of a different kind, lol... But the truth is, even if the world experiences a little short down, it won't be like we had it in 2020. Nope, not at all because, the world has grown more aware of what has been online around them and the pandemic brought that to there door steps, there rooms and most persons now seek even more opportunities online.

When we talk about best opportunities, I think even now is a right opportunity. Yes, right this moment is one of the best opportunities there is only if you could have a visionary eye to look into 5years from now. Just invest and be ready to hold.

Kelvinid

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when lambo...

Quote from: VRExpress on August 01, 2022, 10:20:13 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,

Perhaps, most of the time. It is very unfortunate that we never know the next thing to happen but having this volatile nature of the market makes it more interesting. Those who are able to understand the nature of the market won't just wait for the next bottom but rather take every drop opportunity to buy (if possible). But, this is not just only the thing we considered, we also need to learn to be patient and wait for the price to rise.

Buy low, Sell high. This is still the best strategy that we need to use.

freedomgo

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Quote from: jackg on August 01, 2022, 02:54:15 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).

People would always go for the cheapest price because that means the best moment to buy, but since there is no easy way to make us know that bitcoin price will still drop or not, then waiting for the cheapest price before buying would only mean regretting in the end. It’s better to do DCA than just keep on purely waiting, as you might not want to regret in the end because you miss another golden opportunity again.

teosanru

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Quote from: VRExpress on August 01, 2022, 10:20:13 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.

This is true. Dollar cost averaging is undoubtedly the best way to hold bitcoins and accumulate a lot of them at cheap levels. People thinking that bitcoin might go to 10k may be right but will think bitcoin will go even down when it actually reaches 10k because these set of people won't actually buy all they will do is watch the market fall and expect it to fall even further and then regret in the next bull run.

_BlackStar

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Quote from: GeorgeJohn on August 07, 2022, 08:40:47 AM

When see Bitcoin adoption and Bitcoin regulations, you will notice that Bitcoin don't have anything meaningful and anything potential even though you invest when it crash and resurrect again. Because the more an investor wait of cryptocurrency falling the more it's having another shape of increment. Cryptocurrency and especially bitcoin is not something you can be waiting and expecting it to decrease before purchasing for investment. Invest when you have the capital for investment so that you will not lose a positive opportunity over the bullrun of it.

The bitcoin price is hard to guess, it is a real fact about the bitcoin market. Traders and investors can expect the market to be bearish, but of course they don't know for sure whether that wish will happen or not. But you must have a good plan in investing and have a reserve of funds to make entries if the price drops deeper. The strategy can also be interpreted as DCA, this can be a good plan to implement.

GeorgeJohn

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Quote from: VRExpress on August 01, 2022, 10:20:13 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.

When see Bitcoin adoption and Bitcoin regulations, you will notice that Bitcoin don't have anything meaningful and anything potential even though you invest when it crash and resurrect again. Because the more an investor wait of cryptocurrency falling the more it's having another shape of increment. Cryptocurrency and especially bitcoin is not something you can be waiting and expecting it to decrease before purchasing for investment. Invest when you have the capital for investment so that you will not lose a positive opportunity over the bullrun of it.

Ararbermas

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Quote from: VRExpress on August 01, 2022, 10:20:13 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.

Being updated is a big advantage tbh. And you know a worst situation is not the right time to sit and relax, wherein for me IMO it's always a good idea to make a list to monitor some coins to invest so that when the market reverse you can make good return in the future.. And also when it comes trading practicing skills and making new strategies is a must not to relax if you're willing to make good profits on the good times of the market.. Sit and relax unless if you already satisfied on your position.. Cheesy

tbterryboy

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Quote from: Peanutswar on August 06, 2022, 10:35:48 AM

Quote from: VRExpress on August 01, 2022, 10:20:13 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.

Well for the upcoming halving there a chance that the bitcoin sit again in the bottom but still there's a lot of thing happen there's almost two years before the halving so there's a chance it will make a consolidation or make a mini pump before the really dump still anything can happen if you trust the bitcoin no matter what happen still it has the value of it just the price it depends on how you will see the bitcoin as long term or short term investment always plan your trades.

I think that the more we are close to halving the more the price can increase because people are excited for it so they are buying as much bitcoin as they can as they know that once halving is done the price of btc will also increase at a different level but now that we are still far from the halving, there is still a chance that the price of bitcoin can go down.

I only don't think that 10k can be achieved but the lowest prediction that I saw was 13k only. It is really a bad idea to wait for the lowest price bitcoin can get because there is no guarantee that it will happen. That is right that they better do a dca or buy something if they don't want to regret later on.

gabbie2010

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Quote from: TelolettOm on August 05, 2022, 07:57:45 PM

Everybody may have personal expectation about the lowest price in order to get the cheapest price. However, to avoid some regret, I do agree that it needs to use the DCA technique. So, we have at least bought Bitcoin several times at some certain dropped price or rate. That is why we can see that we still have cahnce again to see the price drop or rise up

The best bet is to continue to monitor the price during the bearish run by monitoring the price reaction once it hit a Support zone for a possible reversal in the higher timeframe, however this is subject to having experience in charting techniques. Alternatively for a newbie or an investor when the price begins to dump massively then DCA techniques should be deployed buying bit by bit, of course based on price history whenever there is a massive dump their is the tendency that price is going to recover, however the period when the dumping will end and time for the beginning of the price recovery is unpredictable.

AbuBhakar

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Quote from: worle1bm on August 07, 2022, 01:05:20 AM

If the market is dumping you should invest without waiting it to dip to your expected levels as this might not happen and you miss the chance of investing.If you are long term holder then you should invest but I have seen many people waiting for it to dip to like $10k as you mentioned but how you decide this bottom level? And have it gone there? So why set such limits and wasting your time if you can make profits in long run.

The idea of buying the dip is a good idea but buying on every dip as if you are obligated to enter during that time is very dangerous practice because you might catch the falling knife later on. Because if you are following that kind of logi in trading. There's a high chance that you might loss already the majority of your funds since there's a lot of dumping happened already since all time high. I saw many threads like this when Bitcoin price is sitting on on 50K, 40K, 30K and all the mid price that I mention. Many people keep buying the dip until now and still in loss compared if they just wait.

Yes those people that bought @17K is already in profit today but there's no assurance that they were still in profit in the following weeks unless they sold now.

Topic: Don't sit on your hands - page 3. (Read 985 times)