Topic: Don't sit on your hands - page 4. (Read 1076 times)
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 $10k as you mentioned but how you decide this bottom level? And have it gone there? So why set such limits and wasting your time if you can make profits in long run.
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In covid-19, btc price is very low like 3500$ dollar only. That was the biggest Opportunity if anyone would buy btc, he/she is now a reach person. That time I save few other coins which are very helpful now to me. Again, when the btc price was under 19k/20k dollars, I also bought few coins for the long term.
Not many people use that moment to buy bitcoins because in addition to panicking about covid-19, they have to fulfill their daily needs where everyone also needs them at the same time. They don't think about the very low price of bitcoin but think about how they can survive the pandemic. But others who are ready with everything can use the opportunity to buy as much as possible to own bitcoins and hold them until the price rises. So if you see bitcoin price bottoming out, don't waste time buying because you probably won't see it again in the long run.It is true that the impact of the COVID-19 pandemic has had a huge impact on the economy of many people. That's why when the price of
Bitcoin has dropped so low as it is now, there are still many people who haven't taken the opportunity to buy Bitcoin. Since many people are
still trying to recover their economy, and prioritize their money to meet their daily needs before buying Bitcoin. So there is a possibility that
the bear market will last longer than we thought.
Then for people whose economy has recovered and plans to invest again, don't hesitate to buy Bitcoin at the current price and don't just let
our money be deposited in the bank, which will decrease in value due to high inflation. Because like you said we should not waste the opportunity
to collect as much Bitcoin as possible before the Bitcoin price rises. It could be surprising that Bitcoin will rise, because the movement of Bitcoin is
very volatile, so we are indeed difficult to predict the price of Bitcoin. What is certain is that if we have extra money, it is better to invest in Bitcoin,
which can prove to be profitable if we hold it in the long term.
But sadly, they are not aware of bitcoin in their midst. While some of them still do not believe in what is offered by bitcoin. And some others say that bitcoin is a scam. But for people who see bitcoin as the potential to help them make money in the future, they will put it to good use and start buying it now.
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,
Nobody knows, and you can't possibly be 100% sure about that possibility.I was expecting a bigger drop to invest more money in bitcoin, that's hope. But what if that doesn't happen? I'm definitely happier because my investment so far has given a good return. People are starting to realize that bitcoin is not a store of value [some believe], it is an assumption that is becoming increasingly popular in society. But I always support this getting better.
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.
The price is still trading within the macro downtrend narrative
And I’m anticipating 10k but no exact date. Just go with the flow of the markets
Btw, Many people are afraid of crypto because of the significant volatility of Bitcoin and cryptocurrencies in general
But if everyone read the mechanics of modern money, they would rush into buying crypto.
I started in early 2017 and thought at that time I was late, but after being in this industry, I can see that We are still early.
Day by day world economy becoming worst . And the cause can be the covid, Russia Ukraine war and tension is seen with China and Taiwan. So no one can say what's going on next. So I also think we should use dca strategy to stay in middle stage and for low risk.
Even I wanna also say one thing if anyone have lazy fund they can invest in btc now I think they don't need dca strategy now because current btc is on a good dip
Even I wanna also say one thing if anyone have lazy fund they can invest in btc now I think they don't need dca strategy now because current btc is on a good dip
I fully agree with not waiting for a fixed bitcoin price to start buying more coins. Having a target bitcoin price of 10,000 or 1,000 USD at which you want to buy is not realistic and will probably let you miss out on the next rally. Nobody knows what the bitcoin price will be in 3 months, if there are more bad events happening this year the price could drop further. What is more realistic is for the bitcoin price to recover. Crypto currencies tend to move in cycles like stocks, so after every bear market comes another bull market. Personally I stopped worry about buying bitcoins at the lowest possible point. My approach now is to buy every month some new coins from money that's left over at the end of the month. Like this I might not get the lowest possible price, but my average price is still decent. And once we hit a new ATH nobody cares anymore if you bought coins at 15, 20 or 25k USD.
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.
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.
I agree with this a lot. We shouldn't really be worried about the current price, it's doing great and we should be fine with it. Prices under 30k means that you would have a 3x when the price breaks the ATH levels, and when we go higher it could still be 2x at the very least. That is just when we break ATH and we all know that it will break a lot higher than that as well.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.
It's not a shame to admit that not understanding bitcoin and markets, but it is a shame if you have money and get in right now and too scared to do that because price is low, you should do exactly that when it's low, buy into it. Maybe it's not easy, but it's definitely not bad in the long run.
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,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?
People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.
especially when the price of Bitcoin drops from ATH $65k to $10k of course people will also be more afraid to buy,
but when the price is at $70k I'm sure people will buy it and think Bitcoin will reach $100k
i think we will see that at 30k, no need to wait at 60k$
the price of Bitcoin is currently trading at $23k, and many people say that they will wait for it to reach 10k before buying it , but if unlucky bitcoin goes up to 30k$
it would not surprise me if they buy for $30k since they fear they'll miss out on buying bitcoin when it reaches $100k,
this is common in the market and it happens all the time, although here we have helpful advice for this
Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?
People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.
especially when the price of Bitcoin drops from ATH $65k to $10k of course people will also be more afraid to buy,
but when the price is at $70k I'm sure people will buy it and think Bitcoin will reach $100k
I personally have never doubted Bitcoin even though so far the price of Bitcoin has not skyrocketed again,
we need to see and follow the progress
Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?
People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.
especially when the price of Bitcoin drops from ATH $65k to $10k of course people will also be more afraid to buy,
but when the price is at $70k I'm sure people will buy it and think Bitcoin will reach $100k
Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?
People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.
In covid-19, btc price is very low like 3500$ dollar only. That was the biggest Opportunity if anyone would buy btc, he/she is now a reach person. That time I save few other coins which are very helpful now to me. Again, when the btc price was under 19k/20k dollars, I also bought few coins for the long term.
Not many people use that moment to buy bitcoins because in addition to panicking about covid-19, they have to fulfill their daily needs where everyone also needs them at the same time. They don't think about the very low price of bitcoin but think about how they can survive the pandemic. But others who are ready with everything can use the opportunity to buy as much as possible to own bitcoins and hold them until the price rises. So if you see bitcoin price bottoming out, don't waste time buying because you probably won't see it again in the long run.It is true that the impact of the COVID-19 pandemic has had a huge impact on the economy of many people. That's why when the price of
Bitcoin has dropped so low as it is now, there are still many people who haven't taken the opportunity to buy Bitcoin. Since many people are
still trying to recover their economy, and prioritize their money to meet their daily needs before buying Bitcoin. So there is a possibility that
the bear market will last longer than we thought.
Then for people whose economy has recovered and plans to invest again, don't hesitate to buy Bitcoin at the current price and don't just let
our money be deposited in the bank, which will decrease in value due to high inflation. Because like you said we should not waste the opportunity
to collect as much Bitcoin as possible before the Bitcoin price rises. It could be surprising that Bitcoin will rise, because the movement of Bitcoin is
very volatile, so we are indeed difficult to predict the price of Bitcoin. What is certain is that if we have extra money, it is better to invest in Bitcoin,
which can prove to be profitable if we hold it in the long term.
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
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.
Buying at its current prices is still a good idea, it can be doubled or even more when Bullrun comes again. But the question is if this person can manage to hold and wait for the moment as I was afraid to weaken his hands and sell them after a few days or weeks. That still never works. That I say we should have some commitment to doing this and not just simply buy and sell. For we are about to engage in investing in Bitcoin, the more we have to spend time searching and familiarizing the market trend so we have the idea of where we are going and the idea when to sell. 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.
People do usually whine are to those who are just non-investors and the real ones would just simply be silent and wont really be making out much reaction but they do know on what condition
or situation they are facing as of this moment.
If you do have future plans then act and plan accordingly because if you wont take any action then you would just simply miss out lots of possible opportunities to make money.
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.
Buying at its current prices is still a good idea, it can be doubled or even more when Bullrun comes again. But the question is if this person can manage to hold and wait for the moment as I was afraid to weaken his hands and sell them after a few days or weeks. That still never works. That I say we should have some commitment to doing this and not just simply buy and sell. For we are about to engage in investing in Bitcoin, the more we have to spend time searching and familiarizing the market trend so we have the idea of where we are going and the idea when to sell. 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.
It might take a while for the bitcoin price to drop to that price and, likely, it won't drop that far.
So we also have to think about whether the situation is likely to happen or whether it will happen in the future so that we can decide when to buy.
I agree that the best strategy is to use the DCA method, where we buy at a low price to accumulate more bitcoins.
This can also help us to be able to benefit from each subsequent increase.
There’s always no guarantee as to what price comes next, if there will be a sudden price increase or decline, so if you just wait and do nothing, you might end up missing new opportunity to buy bitcoin at a good price. This is why a lot prefer to do DCA while waiting for the best price to buy. At least, if your expectation does not happen, then you won’t be regretting around and blame yourself why you never make such a good move that time. So we also have to think about whether the situation is likely to happen or whether it will happen in the future so that we can decide when to buy.
I agree that the best strategy is to use the DCA method, where we buy at a low price to accumulate more bitcoins.
This can also help us to be able to benefit from each subsequent increase.
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.
Some people are just indecisive and regardless of how good the price may be they are not going to buy it, even if the price of bitcoin went down all the way to 10k those people are then going to wait for the price to go to 5k, however what really happens is that they are scared of taking the wrong decision, and someone with that kind of mentality is never going to become a successful trader, as a good trader needs to take calculated risks and even if from time to time he is wrong as long as he is correct more often than not then he will make money. 
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.
They say always wait for the right timing to buy and sell, but we often perceive it wrongly and still resort into wrong decisions. Bitcoin price is already a good time to buy, so always make a move while there is still opportunity to seize. Some would prefer waiting for another bitcoin price drop, but seeing how the price of bitcoin changes rapidly, there’s no such better idea than to do DCA than miss the train again. That is way safer than just purely waiting and do nothing. Choosing bitcoin while it is lower in price is good idea. But its not just a dip because bitcoin is really a valuable coin and the price is low but not for those who can not afford it. Bitcoin is ideal coin you can invest in it but think about its price that if it drops quickly then will you be able to recover it back easily as you have invest a big part of your money in it. Bitcoin is really worth but its price is so high to manage after loss.
We don't need to buy a whole Bitcoin if we can't afford it. We can take baby steps and buy the amount that we can only afford. As long as we buy during the bearish season, I don't think we'll have big losses especially when the market gets back to normal. It's still a good time to buy rather than letting the opportunity pass.
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