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Topic: Everyone is fearfull. Someone said this is time to be greedy - page 4. (Read 1149 times)

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legendary
Activity: 3850
Merit: 1407
Leading Crypto Sports Betting & Casino Platform
Trade the range if you can at any point, seems good advice and thread title refers to the range of market sentiment which is most recognizable to us and is why we can still rate over automated computer based trading bots which never sleep, we can see the reactions and pick an opposite because people over react.

I would also say we have a simple price range still in effect, the price right now rose very positively but its also just a repeat of prices from start of the year.   Hence we could be top of the range and likely to reverse and repeat downwards again, its not for certain but I presume we operate in a box till we confidently leave that area properly.
hero member
Activity: 2646
Merit: 588
★Bitvest.io★ Play Plinko or Invest!
Honestly, this is still not the time to be greedy because the market hasn't reached the bottom price but if we are talking about long term investors then this is the time for them to be greedy, I will say this is the time to invest with cautious and also exit from all hype based project.

In this market, it depends on your capability, whether you will invest or not.
One can think of long term investments, whereas, a lot are only for short-term profits.
But whatever your situation on this matter, make sure that you are ready to face the possible consequences of your investments.
With this in mind, it is better to invest what you can afford to lose. It is the usual advice but unfortunately, some people don't follow such piece of advice.
hero member
Activity: 2576
Merit: 643
Want top-notch marketing for your project, Hire me
Honestly, this is still not the time to be greedy because the market hasn't reached the bottom price but if we are talking about long term investors then this is the time for them to be greedy, I will say this is the time to invest with cautious and also exit from all hype based project.
legendary
Activity: 2632
Merit: 1090
Leading Crypto Sports Betting & Casino Platform
There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
If have free money, buy will be good thing. As long we not force ourself to buy bitcoin when it's price dumped and then use money from loan. Investment must be use money that not disrupt our daily life. And price of bitcoin if people can hold longer maybe have bigger chance to increased more than now.
full member
Activity: 1330
Merit: 100
C O M B O
There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
greed to buy now is a positive thing, because the price of cryptocurrencies is currently heavily discounted,
of course many people are recommending to buy it, but for me the current price is still not the bottom,
because everything still depends on bitcoin, and bitcoin itself is in its infancy the awkward one, stay careful
sr. member
Activity: 1694
Merit: 268
Binance #SWGT dan CERTIK Audited
There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
trading, of course, must be based on its own initiative, and of course by analyzing market movements so that we can determine when is the right time to enter or exit the market, if we trade only following other people's words, of course, it is possible that we will be trapped in losses, as in the beginning. the beginning of the bitcoin market experienced a decline, many people did not think long enough so they rushed into the market and as a result, when the bitcoin price worsened as it is today, many people suffered considerable losses due to buying at high prices.
sr. member
Activity: 2296
Merit: 332
There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

"Someone" Cheesy

If you don't know who that someone is, I am not entirely sure whether investing is an activity for you at all! Wink
You should better look up who said that and read up on the context he said that in. And by the way, there is also a saying that says never catch a falling knife! Better combine the two statements before making judgments.

I have come to see trading as an individual thing and doing what you are directed by your strategy. Following what the views of others are may not be totally correct in all but surely the world about falling knife is real but the question is how can you identify a falling knife. Trade is dynamic, changing and not consistent, it is not like soccer betting and prediction about teams playing each other consecutive times and outcomes can be known.
sr. member
Activity: 2016
Merit: 323
~

We don't have sure decision if we want profit in the market but we can get a hint by seeing a big dumps and enter on its possible peak, but this will never give us guarantee since there's a possible more dump coming. The one we need is strong guts to hold since most of the time we can see the result in long term period.

If we aim for short term I'm sure we will be afraid for the shaky market trend that will possibly happen.
But there are really people who do really like to dance with the risk of this moving market and tend to go short term rather than on long term holding.

Its up to someones preference which one they would choose because not all would really be having the same mindset on how they should deal with the market.

Nothing is guaranteed when we do talk about peak price or bottom price because market could go further than that this is why its really important to have back up plans whenever your initial set-up had failed where you can always have an option on certain circumstances.
Suppose you're good to make money either way market up or down then it's obvious you damn care about the market condition. Not every person has same expectation, there few choose short tern rather than on long term holding. Still i'm searching the best strategy, nothing is expected in this market and this is a major issue. I'm holding up because i'm certain market will recover, anyway back up plans need in the long run.
hero member
Activity: 2828
Merit: 720
Leading Crypto Sports Betting & Casino Platform
For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.
If they aren't familiar but at the least knowledgeable, I am pretty sure that they can tread on their own in the market. Familiarity will come next when that person has been on the market long enough. I would say that if you are sure about your decision and you won't regret any of it, then do what you think is right.

We don't have sure decision if we want profit in the market but we can get a hint by seeing a big dumps and enter on its possible peak, but this will never give us guarantee since there's a possible more dump coming. The one we need is strong guts to hold since most of the time we can see the result in long term period.

If we aim for short term I'm sure we will be afraid for the shaky market trend that will possibly happen.
But there are really people who do really like to dance with the risk of this moving market and tend to go short term rather than on long term holding.

Its up to someones preference which one they would choose because not all would really be having the same mindset on how they should deal with the market.

Nothing is guaranteed when we do talk about peak price or bottom price because market could go further than that this is why its really important to have back up plans whenever your initial set-up had failed where you can always have an option on certain circumstances.
sr. member
Activity: 2744
Merit: 343

Yeah, people will buy if they want to. I know we all have some fear but we don't just let this controls us because if that going to happen, we will no longer reach our goal. And this to say that Bitcoin is not for everyone, if we have some guts and willing to risk, this might be ours but if not, we better step away. Risk-takers win, we can't deny this thing and so many people had tried to invest in Bitcoin but not all of them went succeed, many were fail and lose their money.
We really need to prevent that risk by learning how to do that, and with practice, I am sure we can manage the risk and know how to have less risk.
In this matter, people need to learn more details about bitcoin not to be afraid.
If they think it is hard to manage their emotions to see the fluctuating price, they do not have to invest in bitcoin instead of searching for the other investment type they want.
Risk-takers can win if they can know how to manage the risk and not many people can do that because some people can not calm down with the volatility of the price.
And that was their choice. They will no longer succeed because they are thinking negatively in the first place. If they will never change their mindest there is no sense of investing in here but rather to stop.

I was wrong in saying that Risk-takers win, maybe the majority of them do but not all. Because even though we know that we can do it, still we need not be overconfident, we can't underestimate the market and we have to know that.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.
If they aren't familiar but at the least knowledgeable, I am pretty sure that they can tread on their own in the market. Familiarity will come next when that person has been on the market long enough. I would say that if you are sure about your decision and you won't regret any of it, then do what you think is right.

We don't have sure decision if we want profit in the market but we can get a hint by seeing a big dumps and enter on its possible peak, but this will never give us guarantee since there's a possible more dump coming. The one we need is strong guts to hold since most of the time we can see the result in long term period.

If we aim for short term I'm sure we will be afraid for the shaky market trend that will possibly happen.
sr. member
Activity: 1624
Merit: 309
Leading Crypto Sports Betting & Casino Platform
For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.
If they aren't familiar but at the least knowledgeable, I am pretty sure that they can tread on their own in the market. Familiarity will come next when that person has been on the market long enough. I would say that if you are sure about your decision and you won't regret any of it, then do what you think is right.
hero member
Activity: 2170
Merit: 530
Everyone would be scared when they see their portfolio getting it's value cut in half, it's a matter of how patient you are and how faithful you are that bitcoin prices will go back up again. I think people know that it is volatile but what they don't understand is that you can't make a quick buck out of bitcoin's volatility since it takes along time before the prices can recover.

it is literally the most scary part to see your portfolio getting it's value cut in half. I've experienced this same kind of situation way back in year 2018. For me this is my most unforgettable experienced that really reminded me how volatile the crypto market is. I have a bitcoin token at my wallet way back then, got to used only a half of my token which I exchanged in fiat and when the huge market dropped of 2018 started I didn't able to rescue my token and the remaining half of my token lost. I didn't mean any negative thought about it, yes I regret but I manage myself to move forward and yes up until now I'd still hodl bitcoin. For me, the virtue of patience is so essential because the crypto market is volatile, you can't tell when it will pump again.
legendary
Activity: 3010
Merit: 1127
For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.
Going all in is never been suggested no matter how experienced you are because when it comes to odds then both pro and noobs could have the same chance of choices but would only differ into how they would enter and exist out on the market. Decisions and analysis made will really be different
but knowing on how deep is that rabbit hole would really be just a similar questions in mind. We should always be mindful on how we do gonna enter in the market without risking too much of your capital and i do agree with that buying with gradual basis on small purchases despite of the unpredictability,
hero member
Activity: 2828
Merit: 793
I am terrible at Fantasy Football!!!
They become too scared because basically they are not too sure of the potential that bitcoin will achieve after a price correction. I wouldn't say they're cowards because honestly they don't dare to take bigger risks. There are many types of trader in the market and not all of them really believe that after a correction the market price will recover. Bitcoin is a very volatile asset, so only those who are really willing to take big risks will get big profit.
Everyone would be scared when they see their portfolio getting it's value cut in half, it's a matter of how patient you are and how faithful you are that bitcoin prices will go back up again. I think people know that it is volatile but what they don't understand is that you can't make a quick buck out of bitcoin's volatility since it takes along time before the prices can recover.
You would be right on most markets but we are in the market of cryptocurrencies in which we know this can happen, anyone that is part of this market must know that this is a possibility and that the longer they are here the greater the chances this happens to them, so while I can understand that people get worried about it I do not see how this could have come without them understanding that it will eventually happen to them and prepare for it, and yet that is not what we see, people somehow think they are never going to be part of a correction and then lose everything when they take bad decisions and panic due to the correction.
full member
Activity: 365
Merit: 100
There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

"Someone" Cheesy

If you don't know who that someone is, I am not entirely sure whether investing is an activity for you at all! Wink
You should better look up who said that and read up on the context he said that in. And by the way, there is also a saying that says never catch a falling knife! Better combine the two statements before making judgments.
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
don't be greedy if already profit  Grin
Wise words, if the profit is good or decent and you have a feeling that it's going to go down, might as well sell it before you regret not selling. This is actually what Warren Buffett said so I think that it is a true thing to do, doing what's opposite of the crowd.
legendary
Activity: 1456
Merit: 1332
I do not understand why people sell when the price goes down, because that is not helping them neither, it is not something that is profitable, it is not something that we should care, at the end of the day we are talking about something that would be basically a big loss without a return. There are traders who can take advantage of these situations because they are very good at what they do but that's about it, nobody else should be trading if they feel like they are not great and just keep holding their coins.

In the weeks leading up to the drop, the cryptocurrency made headlines as the value of one bitcoin rose to over $60,000 for the first time in history. For a while, it was out-pacing some of the top tech names in Silicon Valley. Some speculated that the price of bitcoin could reach six figures, so they rushed to buy at extremely high prices.

The sudden drop was unsettling for those who are unfamiliar with bitcoin's volatility. For latecomers, it was a completely new experience.
hero member
Activity: 2464
Merit: 586
Everything in the market is very uncertain and there is a chance that what you are thinking might now happen so the best thing to do is to have a solid plan into whatever situation might happen. If you have sold at the top and then bought when the market did its huge correction then congrats for you. They are saying that being greedy is bad but there are times that it is good  like this. On the other hand, just be ready if the trend doesn't go to your way. I mean when you enter and it goes down even further then you must be ready for it Smiley.
This is a risk for crypto market participant because price volatility can never be guaranteed to meet expectation. Being prepared for any situation is something that will probably be very difficult for most people because on many occasion we will surely see an unstoppable panic. Maybe those who dare to take risk are those who will be successful in trading when price experience a big correction, but few of us dare to do so without much consideration.
Unfortunately that is the reason most people who need to be long term holders are not one and that is why they lose money. If you do not know what to do during volatile periods then you should be a long term holder, I do not like to trade during hectic periods like these so I am a good long term holder who made a good amount of profit thanks to just doing nothing at all.

I do not understand why people sell when the price goes down, because that is not helping them neither, it is not something that is profitable, it is not something that we should care, at the end of the day we are talking about something that would be basically a big loss without a return. There are traders who can take advantage of these situations because they are very good at what they do but that's about it, nobody else should be trading if they feel like they are not great and just keep holding their coins.
sr. member
Activity: 1890
Merit: 252
The OGz Club
being greedy means that when the market conditions are bearish and altcoins also experience a decline,
then be greedy to buy at the bottom, of course there are many opportunities to get maximum profit if you can afford to buy on dip and hold,
yes that's a good way to be greedy, don't be greedy if already profit  Grin
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