Mental barrier stops from buying BTC

aeternus

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Quote from: Domenc on November 06, 2017, 11:34:10 AM

Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I Don't feel this is true for me . Bitcoin has never let me down . There is obviously some dilemma before buying or investing in bitcoin but the result always comes out to be positive and beneficial for me . Bitcoin price is like 3 times compared to the 3 last months . I don't find a single reason how bitcoin has dissappointed anybody .
Moreover , buying should be done looking closely at the market . By properly analyzing the on going price of bitcoin and by looking out for upcoming forks.

Bitcoin has been great for those that believe in it and are willing to wait to get their profits but for the day trader that got out of bitcoin and now wants to enter he is going to discover his dollars buy a lot less bitcoin and the same is true for those that like to short bitcoin, those people have been absolutely destroyed in the past months.

dmamigo

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That stroked me very often when I started, but as days passed, the barrier got gradually diminished. The same now still happens but when I think or plan to buy or sell Altcoins and even during ICOs still after doing a thorough research about the ICO.

wismases

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I have once experienced it. Instead waiting declining to buy btc more, which happens btc triggered shot up. And few days ago, i am no longer wait to buy btc when i have unused fiat. And sure enough, I managed to achieve a good profit today.

Domenc

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Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I Don't feel this is true for me . Bitcoin has never let me down . There is obviously some dilemma before buying or investing in bitcoin but the result always comes out to be positive and beneficial for me . Bitcoin price is like 3 times compared to the 3 last months . I don't find a single reason how bitcoin has dissappointed anybody .
Moreover , buying should be done looking closely at the market . By properly analyzing the on going price of bitcoin and by looking out for upcoming forks.

aeternus

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Quote from: JaredStein on October 29, 2017, 09:16:29 AM

Yes I believe this is something that is huge that is stopping BTC from gaining global acceptance. There are too many people that dismiss it so easily without looking into the tech.

They dismiss it because they can right now people do not see the need to use something like bitcoin but in the future they are going to be able to see why we need bitcoin when the economic system we are in eventually collapses then and only then they are going to see the merits of bitcoin.

sumanto

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Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

yes you are right, yesterday bitcoin is still at $ 2000 but now bitcoin is at $ 6000, if you are afraid to buy if i suggest you buy half of your trading capital so if bitcoin price you still have capital for backup loss, bitcoin will always rise in price becomes very expensive. do not be afraid to buy bitcoin.

ObscurePen

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Well you will just have to convince yourself that Bitcoin will rise in the long-term. Look at graphs of Bitcoin’s price rise. Observe even if you want for ours that long-term positive bullish trend that is a defining characteristic of Bitcoin. Imprint it in your mind and you will want Bitcoin immediately. Also another method would be to look at the major price falls and then compare it will the major price gains. The price gains are always higher. And see how Bitcoin rose to never before seen heights even after a major fall. This will hopefully stop you from doubting the potential of Bitcoin. I personally do not doubt the potential of Bitcoin and I hope you train yourself not to either.

Slark

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Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I love reading about the price of bitcoin in retrospect. Op's post is from 8th September - price ob BITC back then hit $4k.
Today we have price of almost $6k - and the future looks rather bright with no apparent danger present.
There is an easy way to fight this mental blockade - answer just this one question - do you think that BTC reached its maximum price?
Do you think that we will reach $6k and that will be it? The final and absolute top price?

Hamphser

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Quote from: criz2fer on October 29, 2017, 08:25:08 AM

Quote from: Quidat on October 25, 2017, 02:35:32 PM

Quote from: aeternus on October 25, 2017, 02:31:14 PM

Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I hope you got rid of your mental barrier because bitcoin broke not long ago the 6000 mark and I think we may reach 7000 or 8000 before the end of the year, I know that it does not fell right to pay thousands of dollars for something many people in the forum got for free, but they took a risk and it is paying off.

If you can able to handle the risk then we might somehow assure ourselves that it will really pays off later on when the price tends to rise up and yes sometimes we do really doubt on buying because we do know the nature of bitcoins price which is too volatile.We wont know if we buy now and sudden decrease its price then we do really lose money but yet coming into another side bitcoins price do always tends up to recover later on and even reaching out new heights.

This mental barriers really affects our buying strategies specially if we are putting a lot of money on it. It will varies to the average wage, for an ordinary workers which are limited in buying this will be really difficult unlike like others that have an extra money to buy bitcoin. I think it depends on the capacity not on mentality.

Capacity would really matter on these kind of situation because it would really give you the advantage on buying and you wont really worry too much if you do have lots of money but for those people who do have only sufficient amounts to be invested then moving prices will really make you hesitate when anytime you do made such decisions which is really common on this bitcoin trading or altcoin world.There are lots of things to be considered first and doubts in your minds that what if the price would drop in times we did buy? We would really be weary on that thing.

JaredStein

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Yes I believe this is something that is huge that is stopping BTC from gaining global acceptance. There are too many people that dismiss it so easily without looking into the tech.

criz2fer

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Quote from: Quidat on October 25, 2017, 02:35:32 PM

Quote from: aeternus on October 25, 2017, 02:31:14 PM

Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I hope you got rid of your mental barrier because bitcoin broke not long ago the 6000 mark and I think we may reach 7000 or 8000 before the end of the year, I know that it does not fell right to pay thousands of dollars for something many people in the forum got for free, but they took a risk and it is paying off.

If you can able to handle the risk then we might somehow assure ourselves that it will really pays off later on when the price tends to rise up and yes sometimes we do really doubt on buying because we do know the nature of bitcoins price which is too volatile.We wont know if we buy now and sudden decrease its price then we do really lose money but yet coming into another side bitcoins price do always tends up to recover later on and even reaching out new heights.

This mental barriers really affects our buying strategies specially if we are putting a lot of money on it. It will varies to the average wage, for an ordinary workers which are limited in buying this will be really difficult unlike like others that have an extra money to buy bitcoin. I think it depends on the capacity not on mentality.

Quidat

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Quote from: aeternus on October 25, 2017, 02:31:14 PM

Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I hope you got rid of your mental barrier because bitcoin broke not long ago the 6000 mark and I think we may reach 7000 or 8000 before the end of the year, I know that it does not fell right to pay thousands of dollars for something many people in the forum got for free, but they took a risk and it is paying off.

If you can able to handle the risk then we might somehow assure ourselves that it will really pays off later on when the price tends to rise up and yes sometimes we do really doubt on buying because we do know the nature of bitcoins price which is too volatile.We wont know if we buy now and sudden decrease its price then we do really lose money but yet coming into another side bitcoins price do always tends up to recover later on and even reaching out new heights.

aeternus

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Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I hope you got rid of your mental barrier because bitcoin broke not long ago the 6000 mark and I think we may reach 7000 or 8000 before the end of the year, I know that it does not fell right to pay thousands of dollars for something many people in the forum got for free, but they took a risk and it is paying off.

Gabb

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There are actually many mental factors that prevent people from taking excessive risks, but it is partly natural because it is part of our survival instinct. And it is well known that an investment as volatile as bitcoin presents a greater risk potential, which inhibits the intentions of conservative investors.

SirVeillance

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If you look at the market capitalisation and the newly generated interest from the "old economy" the future for BTC is bright. We all expected a sudden crash when bitcoin hit 100 USD for the first time. And 500. And 1000. And 2000... And 3000... And 4000...

Quote from: karabasss on October 22, 2017, 04:50:25 AM

Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Already 6k and feeling left, that it was necessary to take even more. Thoughts were that he artificially lowered to the normal level, and he rose to the level of insanity. Now I do not know where the limit is or when the growth will stop.

karabasss

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Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Already 6k and feeling left, that it was necessary to take even more. Thoughts were that he artificially lowered to the normal level, and he rose to the level of insanity. Now I do not know where the limit is or when the growth will stop.

Chyton

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Nah, you're not the only one dealing with that problem. I thought Bitcoin will go down to around $1000 when it's $2000, but my prediction is wrong and I ended up buying Bitcoin at $3000 Sad

. I think Bitcoin is not your ordinary guessing currency, it's solid and it will grow in the long term.

lordquanta

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Quote from: bakunawaaa on October 21, 2017, 07:53:12 PM

I have the same problem, i always think that its too high to buy bitcoin right now. But the damn thing just keeps getting higher. I think last month when it got to 3k usd i still thought it was too high, but that was the perfect time to buy apparently.

Yes, that is correct. Because till now no single currency has achieved so high value status in recent history of economy. Certainly whenever there is all time high is achieved by bitcoin it is not clear whether that price is justified or not. Current prices changes of bitcoin unregulated. Thus no one knows what could be correct price of market. Those who have deep pockets and willing to pump the market in order to gain more profit are doing is so far. Every now and then we think price rise could be a bubble about to burst. This valid, because we all love the bitcoin and don't want to see bitcoin losing its significance.
It is difficult to find the reasoning in current 6k dollars price per bitcoin. As investor I find it much profitable and happy that profit has increased multiple times.

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Quote from: Beerwizzard on September 08, 2017, 01:12:43 PM

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Most of the people have such a feeling, but then the difference is that they tend to realize on how situations are going to be in the future and take a risk and buy some btc, not specific in amount. If these mental barriers in your mind keep on influencing your decision, then my friend, you're going to face worse and worse situations than this. Let your inner self make the decision along with some smartness involved.

fiulpro

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Hello
You are not alone at all , there are many things that stop you from buying bitcoins and this indeed happens with all of us not just you , for example right now I think its a bad option to buy bitcoins because wm sure that the price will fall down after 25, before segwit2x , thus am waiting for the price to fall also my predictions can be wrong in a sense but still am mentally not just ready to use money as such.
Mental barriers are there and they play a role with everyone literally, its always a hard choice when you are using your money also you need to think about your profit and loss as well thus it for sure stops you 99% of the time from buying bitcoins.
I will for sure buy if the price falls below 2 lakh 50 thousand because! Now they will continue to rise

and thats a really good thing.

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