Is risky to invest this period - page 16.

uchegod-21

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BTC, a coin of today and tomorrow.

Quote from: Zaguru12 on March 17, 2023, 05:36:05 PM

Right from on set the warning given to everyone looking to invest in bitcoin or cryptocurrency is to invest an amount that they could hold for a very long term. Although I don’t know how when your friend invested into bitcoin but had he bought around at $67k with his $2000 he would have more than $400 currently at the current price. Except he sold all at the $15k mark.

Regardless of the loss the easiest way to be patient in holding is to invest what you can lose and not to sell when the bearish period hits. And when you buy just try the DCA method during the bearish period and this is the perfect time for it

I have checked that possibility of reduction from $2,000 to $400. It is very unlikely unless his friend sold bitcoin at some points. It is either OP just quoted any figure he wished or he was told a non existing story or his friend exergeratted the story of what happened.

Meanwhile how did OP know that Bitcoin is not rising any soon even when bitcoin crossed $26k few hours ago. With bitcoin anything is possible and achievable.

lionheart78

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Quote from: Greggry on March 17, 2023, 03:10:33 PM

From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.

Ever heard early birds catch the worm easily? That means being first improves the chance of success.[1]. It is a proverb which emphasizes the importance of starting something early to maximize potential income.[1] So I believe if anyone plans to invest in Bitcoin, the right moment is now especially when the market is still in the bear market sentiment. It is much better to invest during the bear market or idle moment than when the price is spiking. This way we are able to secure our profit much earlier. Of course, we always need to study the market and think rationally. Once we confirmed that it is ok to invest then invest right away and don't waste time waiting for another dip. There are lots of cases where many investors failed to invest at a much lower price because they keep on waiting for the price to crash.

Quote from: Greggry on March 17, 2023, 03:10:33 PM

Hold on, but if you must buy now be wise to use spare income.

It is always advised that we should invest the money that we can afford to lose.

[1] https://blogs.missouristate.edu/international/2020/09/29/learn-english-idioms-the-early-bird-gets-the-worm-meaning/#:~:text=Definition,to%20maximize%20the%20potential%20outcome.

decodx

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Quote from: Greggry on March 17, 2023, 03:10:33 PM

From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.

Hold on, but if you must buy now be wise to use spare income.

FYI, Bitcoin has actually seen a significant increase of over 30% in the last week alone. While it's true that the cryptocurrency market can be volatile and unpredictable, it's important to not let fear dictate investment decisions.

Rather than waiting for a "strong signal" before investing again, it might be more beneficial to do some research and analysis to make informed investment decisions. As for your friend's situation, it's unfortunate that they have experienced losses, but it's important to remember that past performance is not indicative of future results. and btw, investing always comes with a level of risk. You should already know that.

Zaguru12

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Right from on set the warning given to everyone looking to invest in bitcoin or cryptocurrency is to invest an amount that they could hold for a very long term. Although I don’t know how when your friend invested into bitcoin but had he bought around at $67k with his $2000 he would have more than $400 currently at the current price. Except he sold all at the $15k mark.

Regardless of the loss the easiest way to be patient in holding is to invest what you can lose and not to sell when the bearish period hits. And when you buy just try the DCA method during the bearish period and this is the perfect time for it

Fiatless

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Quote from: Greggry on March 17, 2023, 03:10:33 PM

From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.

Hold on, but if you must buy now be wise to use spare income.

There is no convenient time to buy or stop buying Bitcoin especially if you have a plan to buy and hold consistently for some years. The price of Bitcoin is not predictable which means there is no convenient time to buy. Most people that have been waiting for Bitcoin to fall to the price they want to buy may end up not buying because the price might not fall to the level they expected. The best time to buy Bitcoin is when you have the funds to buy because if you keep observing the market you might end up not buying. Bitcoin is such a dynamic currency that what affected it's price negatively this year, could lead to an increase in it's worth the next year. I think Bitcoin is gradually maturing to take it's place as one of the influential currencies of the world.

Saisher

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Quote from: Greggry on March 17, 2023, 03:10:33 PM

From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping.

I can't blame you are a weak investor and many times weak investors are the ones crying over spilled milk, you keep blaming the market and the FUDS but this has been going on for many years already, check the price history, people's lack of trust in the process are those who do not look at the past charts and listen to FUDS.
This is a Cryptocurrency market where volatility is very high which is why it's important to invest what you can afford to lose and not blame the market when you are losing, when you invest you have to be prepared for whatever circumstances.
For me this is still the best time to invest.

passwordnow

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Victims? I don't think that's the right thing to say for anyone who invests in bitcoin and then the effect of the market goes into a bearish form. We're not victims but investors and then before we invest, we should be aware and inform ourselves that the market is highly volatile and anything can happen in split seconds just like what's happening now as it's close and attempting to go through $27k. Every time is a good time to invest if we like to stay in the market for the long term. And the risk remains to be there after we invest so, bear with what you're taking and it won't change whether you invest small or a lot. As with that scene you've given about having $2k worth of bitcoin and then becoming $400 in value, that's certainly a lot of drops but you should do the calculation. It's a ten times drop for bitcoin and I think that's unlikely to happen despite being volatile but yeah, possible.

un_rank

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- Jay -

Bitcoin is volatile and cannot be predicted. The price is up about 30% over the past 7 days which can be an indication of further price increase, but it is impossible to be certain. Just buy if you want to, and now is a good price to do so.

Quote from: Greggry on March 17, 2023, 03:10:33 PM

Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.

This means your friend bought at or close to the last all time high, in which case they expectedly would need a bit of patience before they can break even and expect some profits. Only invest spare money and buy when it is cheap, the short term changes would not be important at that time.

- Jay -

Smartvirus

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Quote from: Greggry on March 17, 2023, 03:10:33 PM

Hold on, but if you must buy now be wise to use spare income.

Apparently, your last statement is the inly thing that isn't questionable right now. Investors are always advised to buy with spare cash or what they can afford to lose to ensure they can stand whatever turns the market takes.

Quote from: Greggry on March 17, 2023, 03:10:33 PM

From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.

At this point, it seems you bought the udea of buying when it's high. That's what I seem to get from that and it doenst make a lot of sense. That would mean, getting in the market when the most profit that could have been made has already been made. The market at the moment though bearish, has been showing some bullish candles and that's good news after the time it took to dip and stay really low.

Should your friend had bought $2000 worth of bitcoin a month back, he should be on profit by now and not $400 as you claim. The bitcoin price now is at $26.8k and that's some good news.

BIT-BENDER

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And what are those criteria or happenings that made you conclude that Bitcoin would not be going up any time soon? Or is it just your own speculations? Well the crypto-currency market is very volatile and not easy to predict.

Also I think the most acceptable best time to buy or invest in crypto-currency is when the price is low. I think just before the bull run comes in probably this year it’s wise to bag some bitcoin.

Greggry

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From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.

Hold on, but if you must buy now be wise to use spare income.

Topic: Is risky to invest this period - page 16. (Read 1808 times)