Everyone is fearfull. Someone said this is time to be greedy - page 6.

justdimin

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Quote from: ultrloa on June 01, 2021, 07:08:18 AM

Quote from: bitterguy28 on June 01, 2021, 05:53:58 AM

Up to now the price still ups and down so i think there will be no changes this whole quarter.
it looks like we will be staying 35k all this 2nd quarter and the option to make a change is in the next quarter and the last.

If you have enough funds then take this opportunity and buy as more as you can.

We don't know what will be the outcome for this quarter but what's good thing there is we are still seeing some good numbers with bitcoin eventhough there's fear in the market right now. Lets do hope that all will be at good state and we can see the market pump even more harder the same last months happenings in the market scene.

Whenever there is a fear in the market it is obvious that there is a money to be made in the crypto world, that is why I like this current situation as well. Think about it, the price is low right now right? Like it dropped from 64k so it looks "bad" to some people right? And there are tons of people selling, or at least sold, because that is the only way bitcoin could drop. When you consider that, ask yourself "will price never go back up?" and the answer is always "it will go back up" and that means we are going to make a huge profit for sure. That is what I want people to know, that is the type of great situation we are in right now and that means a lot to me.

There is a good amount of profit to be made from the current situation and that is what I want people to know. However there are tons of people who won't be able to make any profit right now because they are just too scared.

decodx

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Quote from: xSkylarx on June 01, 2021, 08:02:17 AM

Not all can afford to be greedy when the market makes a huge dump like the previous days. Only people that have plenty amount of money are capable of buying when this opportunity happens. Some of us that have only few amounts to spare during these dips are very afraid to buy when the market sentiment is unclear. As much as possible we want to buy at the bottom to avoid hodling it for a long time because emergencies could happen and we will likely to sell it at loss.

This is a very dangerous way of investing in speculative assets like cryptocurrencies. Never invest more than you are prepared to lose and don't even invest if you think you will need that money in the near future. A lot of people have gotten burned by this in the past, so don't fall for the latest hot craze.

When investing, you should invest only the extra income that you don't require for existing needs. Investing in cryptocurrencies through "dollar cost averaging" is considered the safest method.

xSkylarx

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Not all can afford to be greedy when the market makes a huge dump like the previous days. Only people that have plenty amount of money are capable of buying when this opportunity happens. Some of us that have only few amounts to spare during these dips are very afraid to buy when the market sentiment is unclear. As much as possible we want to buy at the bottom to avoid hodling it for a long time because emergencies could happen and we will likely to sell it at loss.

ultrloa

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Quote from: bitterguy28 on June 01, 2021, 05:53:58 AM

Quote from: dogtana on May 23, 2021, 12:49:00 AM

There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

Up to now the price still ups and down so i think there will be no changes this whole quarter.
it looks like we will be staying 35k all this 2nd quarter and the option to make a change is in the next quarter and the last.

If you have enough funds then take this opportunity and buy as more as you can.

We don't know what will be the outcome for this quarter but what's good thing there is we are still seeing some good numbers with bitcoin eventhough there's fear in the market right now. Lets do hope that all will be at good state and we can see the market pump even more harder the same last months happenings in the market scene.

bitterguy28

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Quote from: dogtana on May 23, 2021, 12:49:00 AM

There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

Up to now the price still ups and down so i think there will be no changes this whole quarter.
it looks like we will be staying 35k all this 2nd quarter and the option to make a change is in the next quarter and the last.

If you have enough funds then take this opportunity and buy as more as you can.

slaman29

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Quote from: OgNasty on May 31, 2021, 05:23:55 PM

I think anyone who is scared right now is acting a bit irrationally. The price is over $30,000. This is something most people thought would have been impossible not very long ago. I think people need to take a longer view of things and stop concerning themselves with day-to-day movements otherwise there is no possible scenario that you will actually hold your coins long enough to make a life changing profit.

Agree. I admit I do irrational things even though over long term I have a high discipline. I hodl as much as possible but now I'm not scared yet. I can't predict how I'll think or act if Bitcoin goes to below 20k. I might sell a bit "just in case" or I might not. Can't really say because fear is very powerful when it comes to money:)

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Quote from: chikading2016 on June 01, 2021, 12:22:58 AM

I always listen to my self I just collect some suggestion but i was the only one who decide because at the end of the day if we loss we are the one to loss so if they said it is time to be greedy, but for me i will still hold till market runs green again, being greedy and selling at loss is really a bad decision I always do that before bit now I understand how crypto works.

That's true.

You take the advice of others if you think that they really are good and you don't blame them if you happen to start losing because you followed that advice.

But if you're the only one who decides whether you have to buy or you have to sell then there's no one that's responsible for your action but only yourself and you blame yourself yet you learn some lessons.

poodle63

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Maybe, many people making some amateurish decision and when that happens you can try to get bitcoin at huge discount, i personally
trying to find an opportunity to buy when there's this flash dip that deceive amateurs to sell off their crypto posession and I will see it as a great opportunity
after all, if you don't take risk you won't making it big, been there done that i did nothing when i got the opportunity to buy coin at discounted price and regret later
see all the riches from investment, for example from the movie "The Big Short", if this guy called michael burry didn't take the risk, will he make that much amount of money?
i know that's just a movie but that movie also holds truth and based on real story.

chikading2016

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Quote from: dogtana on May 23, 2021, 12:49:00 AM

There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

I always listen to my self I just collect some suggestion but i was the only one who decide because at the end of the day if we loss we are the one to loss so if they said it is time to be greedy, but for me i will still hold till market runs green again, being greedy and selling at loss is really a bad decision I always do that before bit now I understand how crypto works.

magneto

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Quote from: dogtana on May 23, 2021, 12:49:00 AM

There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

Don't put all your eggs in one basket though.

I do think that BTC is likely undervalued from a fundamental perspective right now. However, with the current level of fear in the marketplace, it could be entirely possibly that we see a significant amount of panic selling in the weeks/months that ensue.

This is a good point to start DCA'ing from if you are trying to get into crypto. Put around 2% of your total purchase amount each week into BTC without fail for a year, and you should reap handsome profits come the next halving in 2024.

BuNga_cute

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Quote from: Luqman on May 31, 2021, 06:12:04 PM

If you are not sure to buy, just wait for the market recovery. It is not a must to buy on every dump, sometimes we are better to watch or see the possibility of the market trend first. I saw in this forum, many people stated Bitcoin price is likely hard to rise up to $40,000 lately. It is not a good sign to buy a Bitcoin, so better to keep your USD/USDT. Just buy again Bitcoin once the price of Bitcoin can go above $40,000. Wink

Logically there is no problem buying Bitcoin when the price has definitely recovered, and there is no necessity when investing in Bitcoin buy when
it dumps. But based on my experience investing in Bitcoin, the profit generated will be much greater when buying a Bitcoin when it dump.
The most important thing is that we don't buy Bitcoin when the price is at its peak, it will only make us lose. So the conclusion depends on our
respective strategies when investing in Bitcoin, as long as we use money that we can afford to lose it should be safe to invest in Bitcoin.

Luqman

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If you are not sure to buy, just wait for the market recovery. It is not a must to buy on every dump, sometimes we are better to watch or see the possibility of the market trend first. I saw in this forum, many people stated Bitcoin price is likely hard to rise up to $40,000 lately. It is not a good sign to buy a Bitcoin, so better to keep your USD/USDT. Just buy again Bitcoin once the price of Bitcoin can go above $40,000. Wink

Johnyz

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Quote from: dogtana on May 23, 2021, 12:49:00 AM

There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

When everyone is one fear, you have to take advantage of this and buy the good projects now because its cheap again and we are still drowning to the dip of this trend. Anyway, just buy if you think its cheap already and if you have extra money don’t be greedy carelessly you still have to analyze and know your entry level.

OgNasty

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I think anyone who is scared right now is acting a bit irrationally. The price is over $30,000. This is something most people thought would have been impossible not very long ago. I think people need to take a longer view of things and stop concerning themselves with day-to-day movements otherwise there is no possible scenario that you will actually hold your coins long enough to make a life changing profit.

STT

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Its true advice but everyone wants to buy into a rise because its more exciting in an immediate way, buying now isnt wrong over a longer term duration but we dont know price goes up near term. There are low expectations, I wouldnt say we are at the lowest price possible in terms of negative sentiment it can develop alot longer to the downside. This chart is pretty good showing long term trend vs the variance on the smaller time frames.

So the shock of that global virus event was pretty good at knocking back all possible premium in the price till we hit a harsh long term price. I wouldnt expect that to happen too often but I'd still say we are well in the realm of positive action as 200 day average shows simply by continuing to rise, still this sell off is quite a short term move.

decodx

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Quote from: aoluain on May 30, 2021, 02:11:11 AM

These price points when people are fearful are the times to buy in increase the wallet.
Its a thing which investors have been practicing for hundreds of years.

When Bitcoin was priced above $60k there were many who thought that they should
have bought more at a lower price, now is the opportunity.

The best way to fight fear is to invest now and see whether price continues upward or not. Don't believe in bandwagon effect, but believe in individual conclusions and every buy decision you make.

It is very hard to come to terms with the volatility of Bitcoin. Never been so nervous at the top, I don't know how people will manage when bitcoin price is on its peak. However, during bull run, you should be high risk and low return investor.

aoluain

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These price points when people are fearful are the times to buy in increase the wallet.
Its a thing which investors have been practicing for hundreds of years.

When Bitcoin was priced above $60k there were many who thought that they should
have bought more at a lower price, now is the opportunity.

https://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp#:~:text=Baron%20Rothschild%2C%20an%2018th-century,Battle%20of%20Waterloo%20against%20Napoleon.

Quote

The worse off the market is, the better the opportunities are to profit. That's seemingly the credo for contrarian investing. Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets."

Quote

Contrarian investing is a strategy of going against prevailing market trends or sentiment.

The idea is that markets are subject to herding behavior augmented by fear and greed, making markets periodically over- and under-priced.

"Be fearful when others are greedy, and greedy when others are fearful," said Warren Buffett, a phrase that encapsulates the contrarian philosophy.

Being a contrarian can be rewarding, but it is often a risky strategy that may take a long period of time to pay off.

Distinctin

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Quote from: rahmatrf331 on May 28, 2021, 10:29:44 PM

Quote from: acener on May 28, 2021, 08:13:15 AM

I always see this kind of quotes or memes on social medias,
And I guess it is true only few are brave or strong enough to take risk when the market is dropping low and it could also be the reason why only few manages to be successful in crypto or trading.
Just like in HODLing only few could really do it for a long time others would take profit when their investment gains profit.

Try to think positively even if the market price is down! how to take advantage of the low and slow rising prices, rather than waiting for the price to return to normal. maybe with a little rise can be profitable even if only a little.

We find it more strategical during the crisis and every opportunity must not be taken for granted, we should have to grab it. Because even how positive thinker we are, we can do nothing if the market will remain at low. This is a very challenging time for all crypto investors, may rich people could handle the stress but I'm not sure those who just rely on crypto as their source of income could able to survive.

virasog

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Quote from: carlisle1 on May 27, 2021, 01:32:07 PM

Quote from: MFahad on May 27, 2021, 11:25:15 AM

Quote from: bitzizzix on May 23, 2021, 03:00:01 PM

Bitcoin price is currently close to 30k, it is best to buy incrementally even though your target is 30k if buying near that price doesn't matter because the difference is only a little.
because bitcoin can easily reverse the situation and I am sure that sooner or later the price of bitcoin will rise again, you should take advantage of the best moments in this decline gradually without having to target the lowest price and the increase in bitcoin price is guaranteed to happen only takes time.

Also the fear is now less as compare to the last week as bitcoin price is ranging between 35-40K. Still there is a lot of fear in the market and people are not confident to invest in bitcoins.

Yes indeed! traders and investors are now buying and holding after experiencing that fall, seeing the
advantage and trying to keep the ball moving even there are still pressures that this market will fall back.

The good thing is people do realize that in every trend there's always certain bounce, we do see a lot of this kind
of movements beforehand and with some experienced traders and investors they are trying to catch the dip,

Buying it little by little and test if indicators will show up and give the them the green sign that they are waiting.

It look like market will remain in fearful mode until bitcoin crosses the weekly 21 exponential moving average. No one knows the next movement of bitcoin price and retail investors are not willing to take risk in this time. I think some people are waiting for the monthly close before coming to any conclusion.

rahmatrf331

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Quote from: acener on May 28, 2021, 08:13:15 AM

I always see this kind of quotes or memes on social medias,
And I guess it is true only few are brave or strong enough to take risk when the market is dropping low and it could also be the reason why only few manages to be successful in crypto or trading.
Just like in HODLing only few could really do it for a long time others would take profit when their investment gains profit.

Try to think positively even if the market price is down! how to take advantage of the low and slow rising prices, rather than waiting for the price to return to normal. maybe with a little rise can be profitable even if only a little.

Topic: Everyone is fearfull. Someone said this is time to be greedy - page 6. (Read 1322 times)