Everyone is fearfull. Someone said this is time to be greedy - page 7.

Oceat

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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.

This is what will going to happen in the market once some fud spread in the market like how Elon used to support Bitcoin but then suddenly take it back just because of a pitiful reason which is kind of ironic.

Anyway, those weak hands are the reason why there's a huge pressure in the market because they think this is the bear time. They were just here to make money and not to support Bitcoin actually but let them be because we holders will win in the end.

I am still bullish so I believe there's still a chance Bitcoin will break the $50k+ this year. So HODL!!!

adaseb

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It might of been the bottom or not. Keep in mind many in 2018 assumed $6K was the bottom and look what happened, the bottom was $3K instead. There was much much more fear at $3K than at $6K even though many people were 100% it was the bottom.

So we will see how the next few weeks go, however there are tons of people who are holding massive profit from buying at $19.5K and the market might come and take those profits away from them. Just like the market took away the $3K entry price of the people who entered in early 2017.

This is how the market cycles work.

Quidat

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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.

Wont really be easy even though its easy as it sounds but when you are already on the actual situation then it wouldnt really be that simple to be done.
We are talking about our investment which simply money which we do value the most and would really fear out on losing it and thats why making out decisions
on a market where its dumping is really hard to consider.You would really be needing that outmost dedication and positivity for you to able to
buyback when the market is on deep reds. Whom wouldnt though about on not to dip more?

acener

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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.

Kong Hey Pakboy

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If I have the money to buy some bitcoin, I would probably buy but I don't have it and what I am implying is that you should buy bitcoin right now because the prices are so low that you will probably get a really big profit when the prices started going back again.

Obito

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Quote from: South Park on May 27, 2021, 01:12:05 PM

It is a useful advice but like always discretion must always be exercised, even if I think this is happening because of the manipulation of the whales and sooner rather than later the price will recover, at the same time the price could always go down even more, so if you buy now you need to be convinced about what you are doing because if this is not the case then you are bound to become a victim of your own tactic and sell in fear if the market happens to go down in value.

If you know that you have the patience to hodl for a really long time then you might as well buy right now because you are not targeting a short-term profit which this FUDs are going to have their effects. Of course you need to always decide for it yourself but a little advice from other people or even considering it is a helpful thing to formulate a decision.

milewilda

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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?

If you had made out yourself greedy into these times then you are definitely making profits as of this moment as the market had already partially recovering or gains in 10% or more
would really be considerable compared on just missing out again the bottom where the price had make out some correction and now it is gradually recovering. Until when those
people would ever learn? Lots had been freaking out that the market is going to crash once again but hey, look at we now? We are really still holding and
the possible next movement is to break out that 60k price barrier.Who knows?

carlisle1

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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.

South Park

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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?

It is a useful advice but like always discretion must always be exercised, even if I think this is happening because of the manipulation of the whales and sooner rather than later the price will recover, at the same time the price could always go down even more, so if you buy now you need to be convinced about what you are doing because if this is not the case then you are bound to become a victim of your own tactic and sell in fear if the market happens to go down in value.

kesmex

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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?

There should be nothing to be afraid of, because Bitcoin is also still in a sideways situation,
so altcoin entry is highly recommended, buy and buy when the bottom occurs and you hold for mid-term to long-term,
because the declining dominance of bitcoin can create altcoins. exploded like 2018

MFahad

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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.

bitzizzix

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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.

The Sceptical Chymist

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Quote from: jackg on May 23, 2021, 12:54:37 AM

I bought back at 30k but I'm still waiting for a confirmation we go up before opening anything worthwhile on leverage.

Watch out with that strategy, because if bitcoin were to pop back up to $40k within a day or two it could be a dead-cat bounce caused by small investors buying back in when the overall trend is downward. On the other hand, I'm nowhere near certain this is going to be a trend or that bitcoin is in a bear market--but a 50% drop is pretty severe, that much is for sure.

Bitcoin is most likely going to get back to and surpass its ATH at some point--I'm sure of that. So whether bitcoin continues to slide or rebounds, I do think it's smart to be contrarian and bet against the market, i.e., I do think it's a good time to buy if you believe in bitcoin. At the very least now is a better time to buy than it was when it was near $60k.

Lanatsa

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Quote from: Quidat on May 23, 2021, 11:24:26 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?

Depends on you but this line is actually a bit been followed just like into those traditional market advice on where you should be greedy when others are fearful.
This market is really on the bearish side on where everybody is fearful to buy but of course you should consider on to take up consideration about the risk
because the price might even go lower than way it is on the current movement.

If you can risk out and accept the risk then go ahead and buy because these kind of opportunity might not really come once for a while and might
really put you in regret if the price would start to climb up once again.

Yeah, this one is been said by Warren Buffet.
https://www.investopedia.com/articles/investing/012116/warren-buffett-be-fearful-when-others-are-greedy.asp
https://www.arborinvestmentplanner.com/be-fearful-when-others-are-greedy/

You would see lots of indications when it comes to emotion on the entire market on different occasions.So better be watchful.

Quidat

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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?

Depends on you but this line is actually a bit been followed just like into those traditional market advice on where you should be greedy when others are fearful.
This market is really on the bearish side on where everybody is fearful to buy but of course you should consider on to take up consideration about the risk
because the price might even go lower than way it is on the current movement.

If you can risk out and accept the risk then go ahead and buy because these kind of opportunity might not really come once for a while and might
really put you in regret if the price would start to climb up once again.

molsewid

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Quote from: Ararbermas on May 23, 2021, 07:26:46 AM

Don't be greedy just get the right timing to enter.. Its very skeptical to follow others thoughts wherein its always good to be true.. The trend is the most important now. What i mean it's not because it becomes cheaper you'll buy immediately, no mate that's a big mistake on this current situation.. Must wait for the the right time to prevent losses and be smart..

Yeah you're right mate, Be wiser and smarter in decisions life especially we are in critical crisis of the world. Think before you decide when it involved big amount of money. It's true that it's cheaper now but it doesn't mean that you need to buy right now. If you have extra money then go, if not then maybe do something that you can earn and save for it. When you have savings then start buying bitcoin.

Ararbermas

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Don't be greedy just get the right timing to enter.. Its very skeptical to follow others thoughts wherein its always good to be true.. The trend is the most important now. What i mean it's not because it becomes cheaper you'll buy immediately, no mate that's a big mistake on this current situation.. Must wait for the the right time to prevent losses and be smart..

Poker Player

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The idea is not bad in principle, what I don't like is that it is underpinned by the idea to time the market. I think it's better to stick to your plan, regardless of the price swings.

I mean. I don't buy Bitcoin now, I keep logging on and just save what I earn in the next campaign. Well, I keep doing this both in the current situation and if next month the price starts to go crazy and we go over $100k. It doesn't change my plan.

hatshepsut93

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The thing is, the market can be in the state of "greed" or "fear" for a long time. If you look at the recent history, this indicator was showing "greed" since Bitcoin touched $20k. Does it mean that selling at $20k was good? Now we have "fear", but if we are in a bear market, there will be many more months of it, so you could buy Bitcoin even lower.

GreatArkansas

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Quote from: plr on May 23, 2021, 05:00:17 AM

Quote from: MFahad on May 23, 2021, 02:08:55 AM

You can check the exact fear & greed index for bitcoin here.
https://alternative.me/crypto/fear-and-greed-index/
https://i.imgur.com/Wkw7E6x.png

Who would not be, all our hopes and momentum is gone, this chart just proves that the majority of us here are not yet ready for a sudden shift of the trend, this is another situation where people should only invest what they can afford to lose, but all hopes are not gone, two months from now the community will be rejoicing again after we have a shift to bull trend, I still believe that this year is still in bull trend.

Most of those who are FEAR for sure are those people who were able to buy their first Bitcoin last year or this year only.
To be honest, even if you bought your Bitcoin at the previous peak around 2017-2018 which is around $19,000. You are still not to be worried about.
This is the result of panic sellers, especially for those who bought above $50,000.

As what the famous quote said, "Be greedy when others are fearful".

Topic: Everyone is fearfull. Someone said this is time to be greedy - page 7. (Read 1322 times)