Each time you see a red candle! - page 2.

crzy

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Quote from: Zilon on January 06, 2023, 05:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

You can’t just abandon it, just hold but with less expectation this time.
Especially with Bitcoin, if you are trap at $40k, will you abandon it? Of course not because you still believe that its price will recover and you are still hoping to get your funds back and make some profit. Looking for a new good projects are also ok, diversification is the key for a more profitable investment don’t just buy one or two projects, try to have more and always monitor when to sell and buy.

lionheart78

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Quote from: irhact on January 07, 2023, 03:00:18 AM

Quote from: Zilon on January 06, 2023, 05:46:57 PM

The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Most of these investors doesn't really know what they are doing. Most of these short-term investors are newbies that were influenced by other people or circumstances and get hyped because they see people gaining profit in a short term. So they use the money that they can't afford to lose, that is why most of these investors often sell when they see profit, or when the market is crashing.

Quote from: irhact on January 07, 2023, 03:00:18 AM

Some investors see red candles as selling opportunity when what they should be doing is observing as you said to see if the market will give them a very good discount with price drop of the market. As an investor your target should be that when it's about time you exit the market, you can do so comfortably without caring about the state of the market (don't care if it's a green or red candle) because you are in profit no matter the situation of the market, that should be your goals as an investor and not investing short term.

They panic sells because the trend of the market is not what they had expected. Having weak hands, they immediately sell to cut more losses when the candle turns red. Some investors short their trade thinking that the price will go lower to buy more Bitcoin.

goaldigger

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Quote from: Oceat on January 07, 2023, 03:06:13 PM

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

Probably those who are following their cur loss price to avoid a further losses and I think we should also practice this regardless of the coin or project.

For me, red candle is not an automatic signal of buying because you still need to wait for a more deeper price and a confirmation of the price before buying. Perfect timing is the key to be more profitable, don’t just buy right away wait for the good price to enter.

jrrsparkles

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Quote from: Zilon on January 06, 2023, 05:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

The money which is ours can't be used for something we need then its useless money, the returns are secondary thing first is to fulfill our need but don't use it for what we want and there is huge difference between what we need and want.

Actually no one can't be losing as long term investor if they're actually holding their bitcoin so its important to keep holding and accumulating whenever is possible, don't think red as bad its just an opportunity to buy the assets for cheaper.

_BlackStar

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Quote from: Oceat on January 07, 2023, 03:06:13 PM

Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

If they really need the money instead of profit then I might understand that but selling it because of fear that it might drop even more probably doesn't know what they are investing. It's normal to fear about of our investment especially in this bear market nothing could make someone be wary about of their investment when the market is in long deep bearish trend.

My investment budget has decreased in the last few months, but not significantly because actually I have to manage it as well as possible when inflation occurs. Whatever they say might help, but having consistency and belief in what we want to achieve should make us even more optimistic. It doesn't matter how much we can save on the investment budget, consistency is a must.

Having fear will only keep you from going any further, so avoid it as best you can as long as you believe that after dark there is light. Are you sure that red will never turn green? You should know what the answer is. It's normal to be scared, but if they're feeling scared about investing in something that has proven to be profitable for them then I don't know what else to say. Maybe bitcoin is not the right investment asset for them.

Oceat

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Isn't it obvious if they see a red candle then it's time to buy instead of selling.

Who on earth would sell when it's all red and the price is dropping?

If they really need the money instead of profit then I might understand that but selling it because of fear that it might drop even more probably doesn't know what they are investing. It's normal to fear about of our investment especially in this bear market nothing could make someone be wary about of their investment when the market is in long deep bearish trend.

abel1337

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Quote from: xSkylarx on January 07, 2023, 11:33:11 AM

There are no investments that will make you rich over night. It really takes years or more for the business to go boom, and the same is true with bitcoin. If you have extra money to spend, it is better to spend it in bitcoin rather than put it to sleep because you will not profit from it. Though the real issue with buying and holding bitcoin is our emotions, because as time passes, our mind tells us to sell it because we are losing money, which is why we must control our emotions.

Yep that's the truth. There are people especially newbies thought that bitcoin or crypto is an easy way to gain profits but the truth is it takes a long amount of time before it realizes into profit. There are many newbies on this space don't know what is the meaning of investment or they treat investment the wrong way. Some newbies fantasized those crypto stories that people are getting rich overnight but in reality it rarely happens and it's just pure luck to achieve those kind of overnight millionaire. Red candles are part of charts and it will never gonna disappear, New Investors should zoom out and see where we are headed too. I've been there too and lost so much potential profit after selling so much because of not controlling myself.

xSkylarx

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There are no investments that will make you rich over night. It really takes years or more for the business to go boom, and the same is true with bitcoin. If you have extra money to spend, it is better to spend it in bitcoin rather than put it to sleep because you will not profit from it. Though the real issue with buying and holding bitcoin is our emotions, because as time passes, our mind tells us to sell it because we are losing money, which is why we must control our emotions.

MoonOfLife

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I will agree with you that bitcoin is a long term investment so we need to invest with idle money not money to cover daily necessities. It can be said that this is a common mistake of newbies because they think they can quickly make a profit when starting bitcoin, and this is also the reason they dump every time they see a red candle instead of buying.

Odusko

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Quote from: LFC_Bitcoin on January 07, 2023, 01:38:17 AM

Quote from: Outhue on January 07, 2023, 01:25:23 AM

Well said, this was the same strategy I used in 2017 and I end up selling 70% of my assets just to sustain myself, many people think that investing in crypto is a short term especially now that we are in a bear market, if you aren't preparing for a long term investors do not even try to invest.

This market can last another one and a half years before we start seeing good returns on investments, we haven't even gotten to the point where everyone will feel frustrated like in march 2020, I believe that we will see such again.

Be prepared.

Exactly right, most people are just too impatient & want instant profits. It doesn’t work like that & it very rarely ever does.

"The stock market is a device for transferring money from the impatient to the patient."
(Warren Buffett)

The above quote applies to bitcoin also.

Weak hand are always doing the steel hands a favor by buying dumping. their investment om them to buy cheap, when it comes to bitcoin speculation it is easier said than done and most people will just jump in when their think the price is low enough and expect a quick rise to cash out profits but as time pass by their discovery that the stock market doesn't work that way most especially in a volatile market like bitcoin.
To gain profits from Bitcoin, investors have to invest for lonlong-termse and be ready to wait out the time no matter the direction the market is going.

Ziskinberg

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Quote from: Zilon on January 06, 2023, 05:46:57 PM

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

It was difficult when we invest in crypto or anything without knowledge. Because what I see is that people who come here and investing crypto are thinking that they could make money quickly that is why when they fail in their expectations, they easily quit and sell their coins even though they are losing. This situation is not new and we keep hearing these things always.
And why?
- lack of knowledge
- lack of determination
- impatient

Fesatmas

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True, it is better to invest using money that will not be touched at all. I even consider the money I invest is lost money, because I have my own emergency fund that does not require me to take money from my investment. It's times like this that we have to distinguish which money is for daily needs, which money is for urgent situations, and which money is for investing. Sometimes we are wrong in dividing the money, we use funds that should be used as emergency funds instead to invest. We have to manage as smartly as possible, it doesn't matter if our investment isn't big, as long as we don't take it at a loss.

Tony116

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I am in accumulation mode, so to be honest, I prefer the red candle to the green candle. The market has more red candles which gets me excited because I know it's my chance, and that's also why I never expected bitcoin to recover this year. 2022 is also considered a pretty successful year for my goals.

Quote from: irhact on January 07, 2023, 03:00:18 AM

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Most of the short term bitcoin investors are newbies, and they are lazy to learn about the history of bitcoin, they invest in it thinking that it will give them quick returns. Those mistakes will always exist in the market because there are always newbies entering the market every day.

dansus021

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Well one of biggest enemy of trade is emotion ( Fear and Greed ) Know how to stop loss and know how to take profit, even myself still can't control my emotion when red candle showed up but one big red candle is another opportunity. of course before do trade know what you are doing Research is always.

Fundamental First Techincal Analyst second and bit of luck hahah

Sebas.tian

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I agree with you OP, using funds that you don't want to use in two or three years time to invest in Bitcoin, is a good advice to bitcoiners in the community, because those that apply this strategy in the past, smile at the end of their investment. I think, many investors will learn from this information to buy Bitcoin when there is a Red candle, and hold for two or three years for the green candle to remain stable before he or she can sell to make a good income. I don't think, I will miss this opportunity because the red candle is preparing to turn to green candle which is the best signal for investors to be alert of bullish season.

maydna

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That is a mistake often made by novice investors who are less experienced in investing because they think that if they use a lot of money to invest in bitcoin, they will be able to get big profits in a certain time. They don't know that there will be a decline in the price of bitcoin and most of them start investing in bitcoin when the price reaches a peak. And when the bitcoin price slowly decreased, they panicked because they never imagined that the bitcoin price would fall and even experience a drastic decline.

But if they know that investing has risks, they will try to minimize the level of risk by adjusting the amount of money to invest. This will save them from losing a lot, and they can also buy more bitcoins when the price is low. And the red candle is nothing to be afraid of but is where our opportunity to buy more bitcoins is.

irhact

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Quote from: Zilon on January 06, 2023, 05:46:57 PM

The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

I still don't understand why people invest in Bitcoin for short term and not long term, haven't they learnt from history that Bitcoin always reward it's hodlers and those who sell early always end up regretting. As an investor hoping to benefits in this market, we should learn to do our research on the history of Bitcoin before investing so we know what we're getting ourselves into.

Some investors see red candles as selling opportunity when what they should be doing is observing as you said to see if the market will give them a very good discount with price drop of the market. As an investor your target should be that when it's about time you exit the market, you can do so comfortably without caring about the state of the market (don't care if it's a green or red candle) because you are in profit no matter the situation of the market, that should be your goals as an investor and not investing short term.

bittraffic

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Quote from: Zilon on January 06, 2023, 05:46:57 PM

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

Money meant for something else is to be set aside for that purpose not to invest it. People do this because they are hopeful, they could get ROI in the time they would need to spend already. Unfortunately, profit doesn't come easily.

Short-term investors do this as they think its an easy money. Short-term investing is also good as long as they have it in mind to buy at the bottom and even just earn $50 they can sell as long as they could keep making a profit.

LFC_Bitcoin

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Quote from: Outhue on January 07, 2023, 01:25:23 AM

Well said, this was the same strategy I used in 2017 and I end up selling 70% of my assets just to sustain myself, many people think that investing in crypto is a short term especially now that we are in a bear market, if you aren't preparing for a long term investors do not even try to invest.

This market can last another one and a half years before we start seeing good returns on investments, we haven't even gotten to the point where everyone will feel frustrated like in march 2020, I believe that we will see such again.

Be prepared.

Exactly right, most people are just too impatient & want instant profits. It doesn’t work like that & it very rarely ever does.

"The stock market is a device for transferring money from the impatient to the patient."
(Warren Buffett)

The above quote applies to bitcoin also.

Outhue

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Well said, this was the same strategy I used in 2017 and I end up selling 70% of my assets just to sustain myself, many people think that investing in crypto is a short term especially now that we are in a bear market, if you aren't preparing for a long term investors do not even try to invest.

This market can last another one and a half years before we start seeing good returns on investments, we haven't even gotten to the point where everyone will feel frustrated like in march 2020, I believe that we will see such again.

Be prepared.

Topic: Each time you see a red candle! - page 2. (Read 376 times)