Go ahead and invest when ever you are ready

worle1bm

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

The dips won't matter in the long run exactly if you are planning to hold it for the long term and you will eventually get profits for that.For example say:

You invested at first or second dip at - $29300
Third dip - $28k
Next week the price dips even more(dips keep on dipping Grin

) - $27500

Then you were holding to your investments all through this panic sell off and then bull run came back and hit the market with prices surge and now btc is again standing at $35k.So now what you have already gained profits as your investments is appreciated by $5700 so you gained in the last.So risk taking is connected with rewards associated with them.So don't wait too long on others suggestion and make your move ASAP otherwise you would again be regretting.

Taskford

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Quote from: Renampun on June 28, 2021, 11:56:57 PM

Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

very true, whenever is the best time to invest, don't wait too much...

without risking an investor will not be able to profit from his investment. if you expect the price to continue to fall then the chance of getting it right is small, so invest whenever it is, you have to be ready.

Waiting to much is like your wasting some time on those possible opportunities you can possibly get so if you don't want to get left behind then react based on what you like although its so risky to hop in especially the market is questionable if you want to trade still we have chance to earn in future since we are in good position if we buy now since we are in bear season nowadays. But we need strong balls for now since expect we can see bumpy market this season.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

very true, whenever is the best time to invest, don't wait too much...

without risking an investor will not be able to profit from his investment. if you expect the price to continue to fall then the chance of getting it right is small, so invest whenever it is, you have to be ready.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

The truth is that there is no good time for one to make an investment, it is something that one can start anytime depending on when you are ready.

Ready here is actually wide.

- We must be ready with the capital or funds
It means that the Funds or money are ready to invest or trade with the risks the money may be lost. It also means that the money is free money, not a loan or even daily need money.

- Ready emotionally
It means that we have been ready for what may happen in the future after trading or investing.wh you buy Bitcoin, there may be losses and also profits, so never think only about profits. In this case, many people are not ready, being mad, emotional, panic, and also frustrated because of the price of BTC and other cryptos are continuing to drop. So, be ready with your emotional

- Ready socially
Sometimes, many people feel that they are in an environment that Bitcoin or cryptos are not really familiar. As what happened to me, around me. Sometimes, we need to tell extra about what we are doing, about what Bitcoin and others. But, if we don't care about it, no problem, just let them know by themselves.

And of course, good luck with your BTC purchase after you are readyall.

CryptopreneurBrainboss

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

I love that mentality, but I hope you're not just saying this for saying sake but will actually practice what you preach. Remember if you don't take the decisions you're writing about now chances are you'll fomo back when the market is green again and instead of been first in line to profit as you bought the dip, you'll be at great so advantage. You can't never predict the dip so is better you buy at any even opportunity you see, when the market is bearish is when millions are made as you get into strong position in anticipation of future price gains.

There's the famous saying in the real estate business, it goes like this, 'you profit when you buy the house and not when you sell'. That's to say if you can get the house for a cheap price, you made profit already and same goes for cryptocurency, provided you can get Bitcoin when the market is correcting, you have already increase your chances of profiting in the future.

Finally, good investing isn't all about taking risk but calculated ones. You don't blindly go investing, you make sure what you're investing in has what it takes to become a successful project, that way you won't be throwing away money invested.

cheezcarls

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At the end of the day, no matter if they are supporting or against it, the final decision is always in your hands. This is my mindset. I just don’t care what others would say, I just simply have the right if I wanna go for it or not. After all, our money, our risk, and we have to acknowledge whatever happens to the market.

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Quote from: ReiMomo on June 27, 2021, 05:50:05 PM

Quote from: passwordnow on June 27, 2021, 05:30:08 PM

That's a fact. People will be scared to invest if they hear someone says that they have to wait for some more time before they invest because it could go lower. Well, that's fine if you want to listen to them but you're the one solely to decide if you think that it's already a good time to buy and to invest. Your money is the one being at risk so you're the one to extract the risk whenever you're about to invest. I agree that when you're ready to take risk, invest and with the amount you can afford to lose.

I guess lack of knowledge and the reason why they invested in cryptocurrency. They are just also heard how it will earn but without knowing them that the price will eventually drop in anytime soon, in short, they dont know how a crypto investment will work.

That's a perfect question, just invest when you are ready and the amount should always be affordable for your budget. Because it needs a perfect time before you can get your profit and it needs patient while waiting for a perfect time when profit was there.

Many have that type of encounter on why they've invested in cryptocurrencies. Somebody just told them how they've made money off cryptocurrencies and that gave them the enthusiasm to invest also just like the person that shared his experience towards investing in crypto. And that made those people invested without proper knowledge but only the hope that the coins that they have bought are going to be big someday.

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Invest when you are ready, and invest what you can afford to lose, don't invest even if these so-called experts are telling you that this is a risk-free investment, there's no such thing as risk-free investment it will only become risk-free if you can afford to lose your investment, you are right there's uncertainty in the market, you have to make up your mind that you are ready to invest and you have the right mindset, and not following anyone's advice.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

Many people have different mind set. Now its up to you either you listen to them or not, sometime the best move is to follow your guts instinct. There will be always fud on the market and thats something we should learn to adopt like buying when the market is red and falling down.

People with huge experience usually tell how bad is the market but they can say all their opinion and still end up wrong. Basically what mattets is you understand the basic and fundamentals of trading and the coin you gonna trade like bitcoin so you wont deal with such panic sell or worse move.

isaac_clarke22

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

~

That is why you buy because you did your own research, not by other's research (should DOOR be a thing aside from DYOR lol).
Awhile back, my friend introduced me to cryptocurrency, primarily Bitcoin, and I remained skeptic because I am still not sure whether it'd be a profitable thing anyway plus I have the misconception of it being only used by criminals which is how it is being perceived even by the other governments these days.
Turns out I was wrong.

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Quote from: passwordnow on June 27, 2021, 05:30:08 PM

That's a fact. People will be scared to invest if they hear someone says that they have to wait for some more time before they invest because it could go lower. Well, that's fine if you want to listen to them but you're the one solely to decide if you think that it's already a good time to buy and to invest. Your money is the one being at risk so you're the one to extract the risk whenever you're about to invest. I agree that when you're ready to take risk, invest and with the amount you can afford to lose.

I guess lack of knowledge and the reason why they invested in cryptocurrency. They are just also heard how it will earn but without knowing them that the price will eventually drop in anytime soon, in short, they dont know how a crypto investment will work.

That's a perfect question, just invest when you are ready and the amount should always be affordable for your budget. Because it needs a perfect time before you can get your profit and it needs patient while waiting for a perfect time when profit was there.

passwordnow

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That's a fact. People will be scared to invest if they hear someone says that they have to wait for some more time before they invest because it could go lower. Well, that's fine if you want to listen to them but you're the one solely to decide if you think that it's already a good time to buy and to invest. Your money is the one being at risk so you're the one to extract the risk whenever you're about to invest. I agree that when you're ready to take risk, invest and with the amount you can afford to lose.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

I think the best thing to do is just to start investing already since that is the time where you are going to learn in your experience, when you start you going to realize the things your read or research.

There is no accurate way to predict how the market will move, but you could probably do that at some point if you are updated in trading daily and you have experience of how the market could react to the news, etc.

You cannot expect the market to just pump overtime for years and not expecting a dump if your a daily trader you could relate where you need to make research and read the news to predict how the movement of the market. It's a risky investment so the best thing is to start right away in my opinion, it just a matter of how you're going to plan your strategy like for example converting to stable coins, knowing what cryptocurrency to invest in, exit strategy, etc.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

Are you advising us to buy even though the market is not favourable at the moment that the market is uncertain. Although I like your motivation on gingering us to take action to invest but sometimes investing blindly has a lot of disadvantages that could affect one's decision.

Bitcoin is here to stay so I don't think there is any need to rush and buy when there is enough time to study market Bearish movement before deciding when to buy. Everyone has there own strategy in knowing when to buy or sell in the market, so just follew your strategy without altering it.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.

You are totally right but taking the risk to invest depends mainly on how long you can hodl. After the 2018 crash, it took bitcoin price almost three years to recover. Anyone who bought bitcoin at late 2017 had to wait 3 years to make a profit. Some investors can't afford to wait that long.
Since it's almost impossible to predict the market movement and determine the best entry point, the best strategy is to divide your capital, wait for a downtrend and then buy at different prices.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

Yes, you may be absolutely right cause we can't really know when the best time to buy or sell in the market. If everyone knows when to buy or sell, then everyone will be a winner and you know what? The market will crash cause there will be no equilibrium in liquidity pools.
There is no best time to buy or sell cause price is always on motion and if buying and selling does not occur simultaneously, then the market will remain silent with no participants to move it.

RickDeckard

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I think this way of thinking always brings back this famous quote:

Code:

Time In The Market Beats Timing The Market

In sum, if you are always trying to time the market (as in buy the dip) you may actually be loosing valuable time because that so called dip may never arrive - and in the meanwhile you've lost a good opportunity to "enter" in your investment before it jumped to new ATH.
If you want to seek long term you should always invest in what you believe and invest whenever the actual health of the financial system - I know a couple of friends of mine that do not invest in traditional investment vehicles (besides BTC) because they believe we live in a bubble that will soon burst - and they expect use their liquidity at that time so they can buy more than today.

The problem? They've been saying that to me for the past 3 years at least - atm the financial market has already recovered from the blow of Covid and we don't know when/if it will stop. You've got the right spirit OP, but sadly people still think that crypto is a easy route to being a millionaire and they will always aim to achieve optimum crypto portfolio performance - while losing good opportunities in the long run.

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Well wrote OP, no one can predict perfectly about Bitcoin up to where it would drop or up. If you follow many people or predictions then you will be just confused. For me always buy when I feel that's a dip, doesn't matter if it's a real dip or drops more. Because we can't read future that we can buy it exactly bottom. But always I have been trying to do my own research. Same during the sale as well, when I need to sell then the price doesn't matter, because it's needed for life. But usually, I sell when I am on profit. I do not buy if I can't afford dump.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

Back when I first joined this forum in 2017, the value of 1 BTC was around $40-$50,000. Unfortunately, I sold most of my BTCs back then as my mind was driven into a short-term goal. Fast forward to 2021, its value reached an all time high of around $60,000. If I hadn't sold my BTCs back then, I would've made so much today that would alleviate my expenses.

The key here will always be your goal in your investments. If you truly believe that the price will increase in the following years, then follow what your gut tells you. At the end of the day, you will be the one who's going to decide on whether to purchase/sell your BTCs.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

That is absolutely right, you have all the freedom to pick on when you are going to invest. It would be best if you have yourself prepared already before investing through making yourself knowledgeable with regards to crypto. Other people's prediction might count sometimes but you do not have to fully rely on it. Make your own research so that you will know what to believe into and what are the best courses of action. You choose your own version of best time upon entering and making a crypto investment, just be smart and wise about it so that you will gain much benefits from it.

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Quote from: Masplanc on June 27, 2021, 12:21:54 PM

Quote from: GeorgeJohn on June 27, 2021, 12:03:38 PM

<°°°°°°>

Depends on the amount the person is purchasing, in a case where the person is purchasing with a small amount and Bitcoin drops, the person may loss all or half that was purchased.

Irrespective the amount of cryptocurrency your purchasing, i think some factors have to put into consideration before buying any cryptocurrency, except it's a situation whereby the investor is a novice in the industry, actually any investor target the dip time of cryptocurrency to avoid lost, except a situation where by the investor is a novice or is inquisitive to buy and hold, weather profit or lost occur via the process, it does not concern the investor.

Quote from: Masplanc on June 27, 2021, 12:21:54 PM

Everyone has the time when it is good to purchase Bitcoin.

Yes of course, every investors knows the stipulated time to buy in order to make a profit, because no investors it major objectives is to get lost on the process of investment, that's the reason while they have to be conscious of market to enable them to grab the necessary information and the rudiments of cryptocurrency market sphere before purchasing to avoid business downfall.

Masplanc

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Quote from: GeorgeJohn on June 27, 2021, 12:03:38 PM

Actually people normally like to purchase cryptocurrency whenever the price decreases and stand sea within some intervals or period of time,

Depends on the amount the person is purchasing, in a case where the person is purchasing with a small amount and Bitcoin drops, the person may loss all or half that was purchased.

Everyone has the time when it is good to purchase Bitcoin.

GeorgeJohn

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Actually people normally like to purchase cryptocurrency whenever the price decreases and stand sea within some intervals or period of time, because buying a cryptocurrency when the price is high the investor might be at the negative side of it which can equally result as huge lost,so buying a crypto whenever you feel like buying is not encouragable from my perspective, at least investor have to receive a signals or information or monitor the market of cryptocurrency before enrolling to buy cryptocurrency to avoid lost, actually the best time to buy and hold is when is in dip forms, so that it will enable the investor to make a profit irrespective the time frame of the holder.

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Quote from: Masplanc on June 27, 2021, 10:57:30 AM

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.

Nonetheless, even if you believe in Bitcoin to pick up after it's correction/plunge period, you still shouldn't forget not to invest what's more than you can afford to lose, there are investors who are relatively new to the network and know that Bitcoin more often than not recovers after a correction, but they go ahead to invest more than they can afford to lose, doing such will affect your RL activities and can move one to sell in panic at every manipulation that comes up in the media like that of Elon, China, etc.

Quote from: Masplanc on June 27, 2021, 10:57:30 AM

One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready.

Of course, but in my opinion it is short term hodlers and investors who want to get rich quick that are too much concerned with the price of Bitcoin before they buy, don't get me wrong, I know it's much better to purchase during a dip, but long term hodlers sometimes do not necessarily have wait for a dip to accumulate, they can buy anytime they sense a fair price, but investors who want to pull out asap/as soon as they accrue some ROI will always want a dip, so with any little spike they can make profits.

Masplanc

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If I keep on listening to what people say about Bitcoin that it price will still drop I will keep on waiting and I may also miss opportunities. Afterall one of the good qualities of a good investor is risk taking I don't need to follow what people say.

Even if it drops it will still come up, it has been happening sometimes back , and this will not be the first time.
One can't predict the market you maybe thinking it price will still fall low but unfortunately it may come up unexpectedly.
The truth is that there is no good time for one to make investment , it is something that one can start anytime depending when you are ready. so I move on . No dulling

Topic: Go ahead and invest when ever you are ready (Read 238 times)