Impact of bitcoin price speculations on individual bitcoin holding - page 3.

Ojima-ojo

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Quote from: South Park on September 23, 2023, 03:08:49 PM

Quote from: BitDane on September 19, 2023, 05:22:34 PM

I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin. Speculations are mere guesses that has no firm evidence. So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed. I think it is best to base our investment decision on the fundamentals. That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin. Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.

There is a difference between baseless speculation and speculation based on the many indicators that exist that tell us more about bitcoin and its current state, and while investing based on the fundamentals is not wrong and without a doubt it is a way to trade most assets, it is also true that by the time the fundamentals tell you to buy a great deal of the bull run has passed already, so it is important to try to find a balance and use both methods to aid you on your decision making process when it comes to deciding whether you will buy an asset or not.

Baseless speculations have one attributes which is lack of datas to back up the claims and no near evidence to support the claims via a chart record of past Bitcoin market, in most cases, those speculations are only based on market feeling and assumptions, this have made them to rely so much on words just to gamble around with the market, most of them doesn't practice most of the things they write on papers, it all end at the statement level.

But then in Bitcoin holding what I believe mostly in is that Bitcoin market speculations should be based on individual convictions and analysis of the fact that is personally discovered over time on personal bases.

South Park

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Quote from: BitDane on September 19, 2023, 05:22:34 PM

I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin. Speculations are mere guesses that has no firm evidence. So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed. I think it is best to base our investment decision on the fundamentals. That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin. Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.

There is a difference between baseless speculation and speculation based on the many indicators that exist that tell us more about bitcoin and its current state, and while investing based on the fundamentals is not wrong and without a doubt it is a way to trade most assets, it is also true that by the time the fundamentals tell you to buy a great deal of the bull run has passed already, so it is important to try to find a balance and use both methods to aid you on your decision making process when it comes to deciding whether you will buy an asset or not.

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Quote from: Ojima-ojo on September 20, 2023, 04:13:05 PM

Quote from: Gozie51 on September 19, 2023, 11:11:53 AM

Quote from: TheSpiral on September 19, 2023, 11:00:44 AM

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.

Bitcoin market speculations should be taken for what it is which is just predictions ans as the name goes it speculations any ways so we should not take the serious and knowing also that Bitcoin market is a highly unpredictable one and at that we have to work in line with our own thoughts and convictions when making long twrm Bitcoin decisions.

I think majority here is doing like that, as we all know that it's hard to predict the market. As early as 2018, when I was about a year in bitcoin market, I understand that not even who had experience ahead of me can tell the price movement as there are so many factors to consider and we all know that this market is open around the world 24x7 and we might wake up surprised in a different timezone.

Quote from: Ojima-ojo on September 20, 2023, 04:13:05 PM

The most important thing to do at each stage is to apply the DCA approach to whatever we do while accumulating Bitcoin or wanting to sell at the top

I do agree with the DCA, nothing's wrong with this method and I think this is the best strategy for average joe to accumulate. But it might take years at least to be able to have a lot of bitcoins in our wallet specially if we starts with small capital.

Ojima-ojo

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Quote from: Gozie51 on September 19, 2023, 11:11:53 AM

Quote from: TheSpiral on September 19, 2023, 11:00:44 AM

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.

Bitcoin market speculations should be taken for what it is which is just predictions ans as the name goes it speculations any ways so we should not take the serious and knowing also that Bitcoin market is a highly unpredictable one and at that we have to work in line with our own thoughts and convictions when making long twrm Bitcoin decisions.

The most important thing to do at each stage is to apply the DCA approach to whatever we do while accumulating Bitcoin or wanting to sell at the top

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I bet you ops to disagree with you on this assumptions and to me the topic look incomplete since on a more serious note, speculation have no impact on Bitcoin holding or market price, the only only thing that speculations doesn't is to help Bitcoin traders to to make better choice as to when to take the best market position either to buy or sell.

But those that have long term Bitcoin investment goal, they will not have any issue with wether or not the market speculations works or not, and even no matter what the outcome of the market situation may be, those long term investors will still fine a reason to be ok with whatever condition the market will end with.

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Quote from: barisbilgili on September 19, 2023, 01:54:23 AM

Quote from: _BlackStar on September 11, 2023, 05:54:53 PM

Quote from: Ojima-ojo on August 23, 2023, 08:50:01 AM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.

Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.

I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin. Speculations are mere guesses that has no firm evidence. So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed. I think it is best to base our investment decision on the fundamentals. That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin. Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.

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Quote from: TheSpiral on September 19, 2023, 11:00:44 AM

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.

TheSpiral

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Quote from: laurenB7742 on September 19, 2023, 03:28:18 AM

In my opinion, we should stay away from the predictions of so-called experts because we cannot know whether what they are doing is helping the community or someone is paying them to say those things. We should research and make predictions ourselves, even though they may not be correct, but at least we will learn from experience for ourselves. We are investing with our own money, we must be responsible with our money, we don't need anyone to teach us how to get rich because no one is kind enough like that.

prediction is not as easy as the people says therefore people always follow other's prediction as they are newbies and they don't know what to do. But once a person get experience then his believe is made which encourage him to take all decisions by himself.

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

Although we cannot make a guaranteed prediction but we can make our mind clear through reading and searching about the exact coins and about its past so by concluding we can make our decision strong and profitable.

bayu7adi

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I always consider all the speculations circulating in the Bitcoin space as additional references when making decisions. Yes, numerous speculations emerge with various ideas and perspectives, but the market will move in one direction.

Considering that I am the sole decision-maker responsible for my choices, I merely use speculations shared by others as points of reference. They will never sway my decisions to take investment positions. After all, I was a Bitcoin buyer during bearish market phases. I also continue to practice DCA to ensure I can sell it above my average purchase price. However, if a bullish market arrives sooner than expected, I'll take some profits off the table while still holding onto a portion, anticipating the next bullish phase.

In essence, speculations serve as references only. Since they are not accountable for our decisions, we are not obliged to follow them.

laurenB7742

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Quote from: lienfaye on September 19, 2023, 02:25:58 AM

Quote from: Ojima-ojo on August 23, 2023, 08:50:01 AM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Well, my decision to accumulate is not influenced by any speculators since i'm doing my own analysis. Though it's nice to read a positive and optimistic speculation regarding Bitcoin because that can encourage other investors to not panic in times the market is in red status.

I'm not using DCA strategy to accumulate. I'm buying when I have budget and if the price is less expensive. Anyway, it's fine if you tend to follow the speculation of those so called experts. But just keep in mind to still have your own analysis so that you can tell if the speculation has a basis.

In my opinion, we should stay away from the predictions of so-called experts because we cannot know whether what they are doing is helping the community or someone is paying them to say those things. We should research and make predictions ourselves, even though they may not be correct, but at least we will learn from experience for ourselves. We are investing with our own money, we must be responsible with our money, we don't need anyone to teach us how to get rich because no one is kind enough like that.

lienfaye

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Quote from: Ojima-ojo on August 23, 2023, 08:50:01 AM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Well, my decision to accumulate is not influenced by any speculators since i'm doing my own analysis. Though it's nice to read a positive and optimistic speculation regarding Bitcoin because that can encourage other investors to not panic in times the market is in red status.

I'm not using DCA strategy to accumulate. I'm buying when I have budget and if the price is less expensive. Anyway, it's fine if you tend to follow the speculation of those so called experts. But just keep in mind to still have your own analysis so that you can tell if the speculation has a basis.

barisbilgili

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Quote from: _BlackStar on September 11, 2023, 05:54:53 PM

Quote from: Ojima-ojo on August 23, 2023, 08:50:01 AM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.

Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.

Pierre 2

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I think most of forum users here are investing/buying through their own research and decisions. So when people speculate on Bitcoin I tend to read them carefully and make my own decision. I suppose some newbies are deeply affected by speculations. I observed at office I worked. Average people directly starts buying Bitcoin when its already too late. Its so sad.
By the way I regularly buy and sell and repeat. I am not exactly trying to decrease my costs cause I believe current prices are already low.

Ojima-ojo

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Quote from: gunhell16 on September 12, 2023, 10:51:39 PM

In such a matter as this, it is really necessary to have enough knowledge to conduct actual trades in the crypto space. It is not possible here that you are a trader of cryptocurrency, or Bitcoin will enter without you. Because the analysis that will be done by different traders is what others use to determine whether their analysis is correct.

And we who have an understanding of trading also look to see if the speculation made by other traders is the same or close to our understanding. Now, with what is currently happening in the market since we are still in a downtrend because obviously the market is still bearish, others are taking advantage of the implementation of DCA because the price is low according to the budget capital they have.

Taking others analyses of the market to include in your own trade analysis can help you to make informed trading decisions and this is why some of those professional traders some time monetize their analysis and market predictions in the form of copy trades but then it will not be 100% accurate at all time and that is what we have to understand.

Just as you said, building a good knowledge of the market on your own is far more better, and if you also have access to other trading analyses you can add their information to your work to help you to win over the market since you will have diverse options and tools to work with.

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Quote from: Ojima-ojo on August 23, 2023, 08:50:01 AM

Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.

This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

In such a matter as this, it is really necessary to have enough knowledge to conduct actual trades in the crypto space. It is not possible here that you are a trader of cryptocurrency, or Bitcoin will enter without you. Because the analysis that will be done by different traders is what others use to determine whether their analysis is correct.

And we who have an understanding of trading also look to see if the speculation made by other traders is the same or close to our understanding. Now, with what is currently happening in the market since we are still in a downtrend because obviously the market is still bearish, others are taking advantage of the implementation of DCA because the price is low according to the budget capital they have.

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Quote from: Ojima-ojo on August 23, 2023, 08:50:01 AM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.

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l buy and sell bitcoin watching carefully the price speculation. l based on my assessment and monitoring of when it is right to buy or sell. l put serious calculation on how the price normally goes up or down, and the period of time that this took place at that particular time, and know whether it will be favorable to buy or sell. l also based on long-term investment in bitcoin.

Aanuoluwatofunmi

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Quote from: Fundamentals Of on September 05, 2023, 09:35:01 PM

I don't understand. If you are to DCA, then you don't speculate. To DCA is to buy Bitcoin in relatively small amounts in regular intervals, say, daily, weekly, every two weeks, bi-monthly, monthly, etc. as opposed to a lump sum purchase or an irregular buying pattern.

You are expected to speculate regardless of using DCA or not, also we need to get this clear that using DCA is just a way of knowing how to positioned for buying at the least market offer and not just buying in small amount, we can not perfectly know how to go about this if we are not using the chart flow in studying the moves on the chart through our perpectual speculations.

Quote from: Fundamentals Of on September 05, 2023, 09:35:01 PM

In DCA, you do the buying regardless of the price. So whether the price is rising or falling, it doesn't matter.

No, it's matters alot, when the market is rising or falling, you just don't buy and keep buying, that makes no difference from an ordinary investor who know nothing about what he's doing, you need to know that you can use any amount of money to buy but you have to have a specific target on that before buying after you might have gone through the charts and weekly candles to know if it's set well and favourable enough for a buy.

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Quote from: Ojima-ojo on August 23, 2023, 08:50:01 AM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Bitcoin market speculation should not be something that will affect your DCA approach on your journey of accumulation. The method requires you to continue buying bitcoin irrespective of the price at that time. If you want to always consider the market speculation, you’ll end up buying at an higher price than what you would have bought initial or you can still get it vice versa. But since the market is highly volatile and cannot be predictable but only to speculate, just have a prepared mindset to focus on that goal of obtaining more bitcoin using DCA. If you continue in that manner, the result will be see some years later, mostly after the halving.

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Quote from: karabiber on September 10, 2023, 10:14:07 AM

-snip-
Because DCA requires buying Bitcoin on a regular basis, regardless of the price, regardless of the news. Either you invest using the DCA method or you make an investment plan based on market speculation.

Well, that's the correct DCA to apply, buying money based on a predetermined time consistently.
I also do this to this day, buying every week for the long term.

But it's different if you buy using the market speculation method, you will only buy when rumors come and sell when news comes, this is the same as swing trading, but can also be used for the long term as long as you still hold the asset you bought.

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