Less FOMO more Buying | Bitcointalksearch.org

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Quote from: Zilon on June 25, 2022, 03:54:49 AM

This is rather a best time for newbies to marry their research other than jumping into the current Bitcoin price because they were told prices are cheap.

Educating them by telling them about bitcoin's volatility will already be enough as a start. Let them understand that money being made through bitcoin isn't an overnight success just like what they probably have been believing as a lie.

Quote from: Zilon on June 25, 2022, 03:54:49 AM

Bitcoin price could still fall below this and who will be held when FUD sets in. Following the current market trend i rather advice, encourage and educate newbies on the need to see research as a necessity because this will guide them on when to buy, sell off and buy again

And that's how bitcoin move, it can be up for today but not for tomorrow. That should be stuck in their minds that bitcoin always move like that.

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This is rather a best time for newbies to marry their research other than jumping into the current Bitcoin price because they were told prices are cheap. Bitcoin price could still fall below this and who will be held when FUD sets in. Following the current market trend i rather advice, encourage and educate newbies on the need to see research as a necessity because this will guide them on when to buy, sell off and buy again

2stout

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When the price drops, panic sells ensue and some will cut their own nose to spite their face. You would think it would be opposite and more folks would buy the dip- at least the savvy ones do. Even crazier, is that FOMO sets it at much higher prices instead of when lower/at bottom. But I guess this is to be expected as the same thing has been pretty much happening with the stock market since its inception; you can see many parallels with the crypto market.

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Quote from: kawetsriyanto on June 24, 2022, 04:53:47 PM

Quote from: Wiwo on June 13, 2022, 07:38:54 AM

But now Bitcoin have bottom down to below 25k once again and i will suggest newbies stay away from fuds and buy the dip if you have spear money to do so.

But truly, many people are too afraid to buy Bitcoin right now because the price keeps dropping? How funny, this is actually a good time to buy Bitcoin by avergae. We may not buy it all in with our money for investment. But, this is a good start to buy by average because we exactly don't know the rate of the dippest bottom of the Bitcoin price.
As long as we can get or utilize every rate changes, we may have more Bitcoin to hold for long term investment. Remember, this is very good for long term holding, especially if you are waiting for the next bullish season.

It is just to say that not all are preferred to take risks during the bear season. Many never appreciate the opportunity to buy Bitcoin at a cheaper price but rather be aggressive during hyping. It was found to be ridiculous but that was the reality, many got blind and rejected the sale offer of the market because of uncertainties and we can't be surprised also that these people are the ones who announce their regrets later about not buying Bitcoin.

Well, short-term investors are also short-term holders, we can't drag them to become long-term investors if their minds are already close.

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Quote from: Wiwo on June 13, 2022, 07:38:54 AM

But now Bitcoin have bottom down to below 25k once again and i will suggest newbies stay away from fuds and buy the dip if you have spear money to do so.

But truly, many people are too afraid to buy Bitcoin right now because the price keeps dropping? How funny, this is actually a good time to buy Bitcoin by avergae. We may not buy it all in with our money for investment. But, this is a good start to buy by average because we exactly don't know the rate of the dippest bottom of the Bitcoin price.
As long as we can get or utilize every rate changes, we may have more Bitcoin to hold for long term investment. Remember, this is very good for long term holding, especially if you are waiting for the next bullish season.

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Quote from: Wiwo on June 13, 2022, 07:38:54 AM

in this season you will hear more of these two words 1 FOMO 2 Buy the dip, but as far as I know is better to do less FOMO

I want to believe that most of the experienced users wouldn't hesitate on making an investment on bitcoin when it's going dip, we are now around $20k and no fear of missing out even as bought above that range before now, newbie that most starts their crypto journey recently do fall a victim to investing on wrong cryptocurrencies, there start should always be with bitcoin which jas the reputable value for general acceptance.

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Quote from: Wiwo on June 13, 2022, 07:38:54 AM

My word of Advice to newbies and crypto newcomers

Buying the dip is not for everyone. Investing for the long term is the best strategy in the bear market. For long term investors this is a golden opportunity because they are patient and the know the dip will fix itself despite the market volatility. It is only a matter of when. If you are a newbie reading this, investing for the long term means a 10 -12 months perspective. And if you can't afford to buy the dip, you can always budget some amount to invest monthly over a 10 -12 month period. But then to buy the dip, the right timing and research can't be over-emphasized.

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Quote from: _act_ on June 13, 2022, 07:59:21 AM

Bitcoin can never become too expensive if you can still be able to buy $50, even if bitcoin is worth $1 million, it is never too expensive as you do not need to buy a whole 1 BTC.

Bitcoin can never become too expensive but the concern is how many Bitcoin or bits of Bitcoin (sat) will you get for a particular amount of fiat you invested. If I buy now with a particular amount of fiat and you buy later when Bitcoin returns to $50k and above, you will still get Bitcoin but lesser number of it. So it's not ended in holding Bitcoin, the problem is how many fractions are you holding and it also determines how long you need to wait.

Early adopters are safe and as it stands now, Bitcoin wants to make us early adopters again. The opportunity is right here again.

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The psychology of an ordinary, non-professional trader is that he is ready to buy bitcoin at a price of 20 thousand dollars when the current price of BTC is $ 50 thousand. But when the price of BTC drops to this level, he is afraid to buy at this price, expecting a further decline, while a professional trader makes purchases.

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Buying more Bitcoin during this market crash is something that is good enough. For me, I start buying Bitcoin when it is under $17k as expected. Well, this bearish era drops really quickly, the price was around $18 only in several hours. So, I am not sure if the bearish time will be longer than previously. But if that is so, maybe DCA is a good process to buy and collect more Bitcoin during this crash. It is better not to all in because the current market maybe not be the dippest price. That is why we are better to stay analysing the coin market, not only FOMO.

Quote from: Findingnemo on June 18, 2022, 07:06:48 AM

Newbies may not have that much confidence that is why we call them as newbies but atleast if theg take a look at the history then they can go for it atleast for few hundreds dollars which may turns into few grands when the bulls back into the action.

However, newbies or many people are too afraid of investing in Bitcoin during this crash because they are afraid of FUD and also the possibility the price will drop again, panic. Whereas, we know that this market condition is the best time to add more collection of Bitcoin. But newbies may think that Bitcoin is edning Grin

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Quote from: Wiwo on June 13, 2022, 07:38:54 AM

My word of Advice to newbies and crypto newcomers
Grin

Bitcoin is at its most exciting season again with the drop in price comes with two perspectives, in this season you will hear more of these two words 1 FOMO 2 Buy the dip, but as far as I know is better to do less FOMO, and more buying with $25,000 i can now own 1 BTC what a privilege, many thought BTC can never come down to this price again since Bitcoin became too expensive when it rise to almost 70k few months back. But now Bitcoin have bottom down to below 25k once again and i will suggest newbies stay away from fuds and buy the dip if you have spear money to do so.

FOMO will never do good at all as it will only create confusion on your mind without having the right analysis first. But definitely, it’s the best time to buy at the dip right now since bitcoin has closely touched $15k which means the more it’s value lessen, the more bitcoin we can afford to buy. But also, take note that buying at the dip does not mean that you are going to buy all those cheap coins, remember not all cheap right now have high potentials so always chose the best coins to invest

qwertyup23

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Quote from: Wiwo on June 13, 2022, 07:38:54 AM

My word of Advice to newbies and crypto newcomers
Grin

Bitcoin is at its most exciting season again with the drop in price comes with two perspectives, in this season you will hear more of these two words 1 FOMO 2 Buy the dip, but as far as I know is better to do less FOMO, and more buying with $25,000 i can now own 1 BTC what a privilege, many thought BTC can never come down to this price again since Bitcoin became too expensive when it rise to almost 70k few months back. But now Bitcoin have bottom down to below 25k once again and i will suggest newbies stay away from fuds and buy the dip if you have spear money to do so.

At this current bearish market, this is the perfect opportunity for people to purchase more BTCs and HODL them for long-term. I mean, the price already reached an ATH of $60,000 last year- so we cannot discount the possibility from it happening again.

Though this may be easier said than done, I do think that people should take advantage of this opportunity and purchase more in the process. Even if the price reaches below, still, you must adhere to the contingency plan you created.

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Quote from: Piesel on June 18, 2022, 08:12:48 AM

The market has not been funny lately with Bitcoin falling below $20,000 it shows there is going to be more bear market in the future, a lot of analyses have been put into the public domain, and the conclusion that the bear market is going to last all through this month and eve July. So let's braze up to meet up with the bear that awaits use.

At the current price, a lot of people will still not buy if they have funds to purchase it, this is yet another big chance to buy Bitcoin.
Just as a lot have said here, it's okay to be patient, it takes a whole lot of endurance to watch your Bitcoin move from high to low and low to high and back as low again, brazing up and expecting something huge in return.
If it extends to July, more opportunities, buying when others are scared could be one of the biggest risk to take honestly.

Piesel

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The market has not been funny lately with Bitcoin falling below $20,000 it shows there is going to be more bear market in the future, a lot of analyses have been put into the public domain, and the conclusion that the bear market is going to last all through this month and eve July. So let's braze up to meet up with the bear that awaits use.

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Quote from: Wiwo on June 13, 2022, 07:38:54 AM

My word of Advice to newbies and crypto newcomers
Grin

Bitcoin is at its most exciting season again

Exciting!!! It's funny to hear you say that although, I know or understand where your driving at but, saying there is anything funny about it makes me choke on my soda. Have not been involved in cryptos for a long time and this is practically the first bear market am experiencing and there is nothing funny about it, looking at the devaluation of the few sats I've accumulated in my wallet over the past few months. It's seriously heart breaking although, we are left assured that it would boom again after sometime and those who are able to hold will get full value and even more.

Meanwhile, the buying opportunity keeps getting better and better so, its best we take full advantage now for those whom have got cash to spare and buy more bitcoin.

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Quote from: Wiwo on June 13, 2022, 07:38:54 AM

My word of Advice to newbies and crypto newcomers
Grin

Bitcoin is at its most exciting season again with the drop in price comes with two perspectives, in this season you will hear more of these two words 1 FOMO 2 Buy the dip, but as far as I know is better to do less FOMO, and more buying with $25,000 i can now own 1 BTC what a privilege, many thought BTC can never come down to this price again since Bitcoin became too expensive when it rise to almost 70k few months back. But now Bitcoin have bottom down to below 25k once again and i will suggest newbies stay away from fuds and buy the dip if you have spear money to do so.

Newbies may not have that much confidence that is why we call them as newbies but atleast if theg take a look at the history then they can go for it atleast for few hundreds dollars which may turns into few grands when the bulls back into the action. Not yet seen the huge Fud about cryptocurrencies alone because the whole world is under the recession moment so every investors are kind of choked who missed to sell their assets at the right time.

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At this time only those who are dedicated or been in Bitcoin will be happy at the price drop of crypto since its their time to accumulate more BTC and wait when the price already arise, when it comes to Newbies it will be hard to predict on what price they will enter since we all not guarantee whether it will drop more in price. Hence, we should set our mind if we were going to buy now and willing to wait even the price drops.

Actually some who earned and gained profits last few months are now happy buyint everything they sold now. Its like they already get their money insertef before and having a free portfolio. Many newbies are likely scared to enter now cause they got some bags when the price is higher its really a wheel of destiny whose gonna earn on a volatile market like this.

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At this time only those who are dedicated or been in Bitcoin will be happy at the price drop of crypto since its their time to accumulate more BTC and wait when the price already arise, when it comes to Newbies it will be hard to predict on what price they will enter since we all not guarantee whether it will drop more in price. Hence, we should set our mind if we were going to buy now and willing to wait even the price drops.

There are some people who missed out the last bull run and they regret making that mistake, I have friends who were so happy with this price drop and they are buying bit by bit as the market continues to go down, some of them have never been in this environment before but seeing how bitcoin performed from 2020 to 2021, they don't want to miss that kind of opportunity again because they are business guys who are doing well and have some cash in banks that have not yield them anything, they prefer to live it here with small correction than for banks to be using their money for lending and in return with little to no savings interested rate.

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Quote from: Piesel on June 16, 2022, 02:13:02 PM

This depends on the way and time you jump in, the Bitcoin market right now can not be stable and at that, if you are big you should be able to hold for like 2 years before considering selling. Is better to buy now that the price is low than when it recovers in the future.

One thing for sure is that bitcoin will never be stable because of its character of volatility and that's the factor that can't be removed for bitcoin.

While we're on a crypto winter, it's ideal to buy and no matter what your plan is. Just take that moment to realize that things are being cheap now and you can capitalize yourself to attain some of it and take advantage of the market.

Well, you're at a great advantage if you have tons of money to spend and like what they say, follow the DCA strategy.

Piesel

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This depends on the way and time you jump in, the Bitcoin market right now can not be stable and at that, if you are big you should be able to hold for like 2 years before considering selling. Is better to buy now that the price is low than when it recovers in the future.

Topic: Less FOMO more Buying (Read 329 times)