miss out on bitcoin past low price? it's fine, if you miss out now you to blame

magneto

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Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

Don't get me wrong am not a fortune teller nor am I a future predictor. Am just an investor that believes in long term investment. I did get to miss out on the suppose glory days of bitcoin using last year as example when the price started the year at around $700 and by November reach a height of $20,000 I am not blaming my self or am I regretting it

  A lot of factors prevented me from investing as at that time and I don't believe that there is a wrong time to invest except possibly when the price reaches above $50,000.
   the price of late are dropping are again at the close of the year 2018 and this is causing panic amongst investors and possible future investors critics has even predicted the drop trend to go on for a while and bitcoin will not recover soon.

   But I see this situation as an opportunity to purchase extra bitcoin. Business is all about calculated risk you don't just move with news alone the could be sponsored shilling or FUD bitcoin is over nine years now and has created a good level of establishment.

If you had missed out on bitcoin previously it's fine. If you miss out now then blame yourself

I think that your analysis is pretty much spot on.

Prices are extremely low in the BTC markets at the moment, yet it seems like that institutional interest is not waning. As a result, I believe that there is a real long term accumulation opportunity, if you do believe in bitcoin's adoption going up in the future which I believe is highly likely.

It's however completely possible, if not likely that prices in the short term continues to dip and drop below support levels, as investor sentiment right now is still negative overall. If you do decide to accumulate right now, make sure that you are able to be comfortably be holding BTC for at least another few years. Don't view this as short term gains, but rather an entry point that is sufficiently low in the long term scheme of things that it is worth buying up on.

Barbarian

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This is true, but you can be sure that all of those people that know about bitcoin and have the possibility to invest in it are going to find an excuse to not do it and then when the price finally begins to skyrocket they are going to try to blame anyone but themselves about their decisions.

jimbo2000

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Quote from: sjefdeklerk on December 03, 2018, 12:04:22 PM

Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

Don't get me wrong am not a fortune teller nor am I a future predictor. Am just an investor that believes in long term investment. I did get to miss out on the suppose glory days of bitcoin using last year as example when the price started the year at around $700

Dont worry, soon you'll be able to buy at $700 again mate

Or soon bitcoin will go bullish again and all your shorts will get torn to pieces and you can go back to your bear cave and hibernate until the next time you get to come out and claim that the end is near. Who knows which will be true. As Onuohakk said, he's not a fortune teller, neither am I and more pertinently nor are you.

sjefdeklerk

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Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

Don't get me wrong am not a fortune teller nor am I a future predictor. Am just an investor that believes in long term investment. I did get to miss out on the suppose glory days of bitcoin using last year as example when the price started the year at around $700

Dont worry, soon you'll be able to buy at $700 again mate

Crypdon

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There are entry points available throughout the year with this one more favourable than any in the last 12 months. Anyone who misses the boat this time will regret it for a long time

jimbo2000

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Quote from: BrewMaster on December 01, 2018, 11:03:35 AM

Quote from: jimbo2000 on December 01, 2018, 07:11:32 AM

...
You cannot continue to expect the market to grow at the same rate, eventually there is a bottleneck in the amount of funds that can come in to bitcoin. You're pricing it against something else and there is not unlimited USD to spare for the bitcoin market. I'll bet bitcoin never goes on another 100x run bottom to top.

it is about adoption, and as long as adoption is increasing the price will continue to increase with it. sometimes there are periods of time when this rise is faster because of being hyped up which would cause downtrends like this. but it will continue to go up.
that is unless you think adoption has stopped and there would be no more of it? in which case you must explain why you think that where the best speculation says less than 1% of the world has adopted bitcoin.

Quote from: BitFinnese on December 01, 2018, 01:07:32 PM

True but statistics can speak about the future price of Bitcoin. If Bitcoin will be adopted by every country and the popularity reaches even the farthest of the rural areas, then that 100x run is simply nothing. I am talking about the percentage of the world population to the current percentage of adoption of Bitcoin.

It is really an opportunity to buy Bitcoin at a very low price, this might be another chance to grab it else, they will need another crash to get in. If Bitcoin recovers and skyrocket, I bet it will take sometime to see this floor again.

I did not say that bitcoin could not go 100x ever again, I understand we are at a very small level of adoption and that in time if that increase the price will inevitably do so as well. The point I made is that we won't have another 100x bull run, if the price is to go in to the hundreds of thousands of dollars it's going to take a long time and multiple different bull runs because the adoption you both speak of won't happen overnight.

maydna

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So we should use this time to buy as much bitcoin as we can, but we should know how much money we need to use to buy bitcoin. We don't have to buy bitcoin with all of our money because we still need that money to buy something in our real life. Only people who can know how much he needs to invest in bitcoin that will get a big profit later and we should know about this so both our real life and the investment can work together and we don't have any problem in the future. But before we buy bitcoin, we need to learn and do research, so we know what we want to do with the bitcoin.

Gargo

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Quote from: Kimi80 on December 02, 2018, 06:53:00 PM

The price has already been very high, why something like that wouldn't happen again. Looking from this angle this could be good opportunity for investing in bitcoin. I just don't know if we could get better price if we wait a bit longer or this is the moment for getting more of coins.

Unfortunately, nobody is able to answer this question at this moment. However, observing what is happening, I think it is a good moment to start buying small amounts and create an extensive portfolio. If prices go even further down - buy more, if they start to grow - also buy. Sooner or later the whole market will start to grow and next bull run will come. Wink

Kimi80

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The price has already been very high, why something like that wouldn't happen again. Looking from this angle this could be good opportunity for investing in bitcoin. I just don't know if we could get better price if we wait a bit longer or this is the moment for getting more of coins.

Febo

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Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

Don't get me wrong am not a fortune teller nor am I a future predictor. Am just an investor that believes in long term investment. I did get to miss out on the suppose glory days of bitcoin using last year as example when the price started the year at around $700 and by November reach a height of $20,000 I am not blaming my self or am I regretting it

A lot of factors prevented me from investing as at that time and I don't believe that there is a wrong time to invest except possibly when the price reaches above $50,000.
the price of late are dropping are again at the close of the year 2018 and this is causing panic amongst investors and possible future investors critics has even predicted the drop trend to go on for a while and bitcoin will not recover soon.

But I see this situation as an opportunity to purchase extra bitcoin. Business is all about calculated risk you don't just move with news alone the could be sponsored shilling or FUD bitcoin is over nine years now and has created a good level of establishment.

If you had missed out on bitcoin previously it's fine. If you miss out now then blame yourself

What is left of 2018 and the 2019 are perfect time to buy as much bitcoin as anyone an afford. In 2020 will be way trickier to get cheap Bitcoin anymore.

khufuking

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Everyone that believes in Crypto and is in it for the long term will see any big dip as a new opportunity to increase their bags, the last huge dip is a great chance for people who missed the train before, currently, almost all big coins are in a very good price for buying and of course on the head of them is Bitcoin, at the moment I try my best to use any funds I have and can spare to buy in certain coins mainly BTC plus 3 others, whether the market will go further down or turn up I really do not care, I just do not want to regret buying at this current prices.

moneyangel

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Quote from: Hivalley on November 26, 2018, 06:07:48 AM

Do not forget that so many people also bought when bitcoin was priced at 20k Dollars, and such individuals are currently at a fix at the moment,you cannot really complain about not investing when you claim you ought to...

If those people who bought bitcoin at the peak had not sold their bitcoin was down 50% then possibly they will hold until it bounce back to $10k for lesser losses. Waiting to reach back to all time high is far to happen with our current scenario...only time can tell. Anyway it depends how we mange our investment and knowledge is most important.

The Sceptical Chymist

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I tend to agree with this, since I don't think the long-term bull market in bitcoin is over, i.e., it's going to go much higher than it is now eventually. I'm not a fortune tell either, but I happen to not think this serious dippage we've seen is a dead-cat bounce and that we're headed toward a ridiculously low price like $200.

Lots of people were not super early adopters and didn't buy a pizza for 10,000BTC, but I think it's certainly true that one is still able to make money with bitcoin--just not as easily as it was in the first two years of bitcoin's existence. But we could get big price spikes like 2013 and 2017 again, so if that happens (and I'm fairly sure it will), you'll regret that you didn't buy bitcoin while it was on sale in 2018 at $4000.

Why is it that whenever I see opportunities like this I'm always out of cash? The same goddamn thing happened in 2009 when I was 99% sure that the Dow Industrial Average was going to rebound from the insanely low number it dropped to (something like 6000 if I'm not mistaken, and I'm too lazy to check right now). For those of you who do have some extra cash to invest, I'd say go for it now before bitcoin starts heading higher.

BitcoinHodler

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unfortunately for them, newcomers rarely listen to these things. they prefer believing in the FUD. i have seen it many times in the past. each time we have a dip they run away scared because the media is filled with spamming FUD.
and the worst part of it has always been the fact that they do come back but they come back late and FOMO buy which causes a big price surge that has never been a good thing.

Inkdatar

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Well, for those who missed out to buy at low price I think this is still good catch to have some btc. Price were really volatile and hard to determined if at this point is the bottom price. So the current price is still good chance to buy btc since I had no doubt btc can bounce it’s price.

Lanatsa

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Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

If you had missed out on bitcoin previously it's fine. If you miss out now then blame yourself

For those who do just sit on this crypto world will surely still hesitate on this kind of situation where price of BTC do really
drops on big percentage but even into those veterans on this crypto world would still having that doubt.Why? because we
wont know if this is already the bottom but somehow with this price we can really say it is already a good point to set ourselves in.

Capt00

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Quote from: BrewMaster on December 01, 2018, 11:03:35 AM

Quote from: jimbo2000 on December 01, 2018, 07:11:32 AM

...
You cannot continue to expect the market to grow at the same rate, eventually there is a bottleneck in the amount of funds that can come in to bitcoin. You're pricing it against something else and there is not unlimited USD to spare for the bitcoin market. I'll bet bitcoin never goes on another 100x run bottom to top.

it is about adoption, and as long as adoption is increasing the price will continue to increase with it. sometimes there are periods of time when this rise is faster because of being hyped up which would cause downtrends like this. but it will continue to go up.
that is unless you think adoption has stopped and there would be no more of it? in which case you must explain why you think that where the best speculation says less than 1% of the world has adopted bitcoin.

Yes, probably you are right, Bitcoin will continue rising up due people's adoptions. Many people adopt now on this technology because of profit so it is impossible to happen that it will fastest drag down and become worst downtrend.
Blaming in your self on investing makes you depressed when the market was in a nose downtrend you can relax for a while and wait for the exact time to get your profit. I believed there's a huge profit in holding long term.

BitFinnese

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Quote from: jimbo2000 on December 01, 2018, 07:11:32 AM

You cannot continue to expect the market to grow at the same rate, eventually there is a bottleneck in the amount of funds that can come in to bitcoin. You're pricing it against something else and there is not unlimited USD to spare for the bitcoin market. I'll bet bitcoin never goes on another 100x run bottom to top.

True but statistics can speak about the future price of Bitcoin. If Bitcoin will be adopted by every country and the popularity reaches even the farthest of the rural areas, then that 100x run is simply nothing. I am talking about the percentage of the world population to the current percentage of adoption of Bitcoin.

It is really an opportunity to buy Bitcoin at a very low price, this might be another chance to grab it else, they will need another crash to get in. If Bitcoin recovers and skyrocket, I bet it will take sometime to see this floor again.

BrewMaster

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Quote from: jimbo2000 on December 01, 2018, 07:11:32 AM

...
You cannot continue to expect the market to grow at the same rate, eventually there is a bottleneck in the amount of funds that can come in to bitcoin. You're pricing it against something else and there is not unlimited USD to spare for the bitcoin market. I'll bet bitcoin never goes on another 100x run bottom to top.

it is about adoption, and as long as adoption is increasing the price will continue to increase with it. sometimes there are periods of time when this rise is faster because of being hyped up which would cause downtrends like this. but it will continue to go up.
that is unless you think adoption has stopped and there would be no more of it? in which case you must explain why you think that where the best speculation says less than 1% of the world has adopted bitcoin.

jimbo2000

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Quote from: thecodebear on November 30, 2018, 04:35:04 PM

Quote from: exstasie on November 30, 2018, 02:37:27 PM

Quote from: el kaka22 on November 28, 2018, 01:41:30 AM

Moreover right now, even with this fall a small investor could get maybe 1 or 2 bitcoins at most (after that you are not a "small" investor) and even if the price goes ten times this amount you will be getting 40-80 thousand dollar profit. Now don't get me wrong if I am paid anything above 10 thousand dollars profit, I would be delighted but being delighted and being rich are different things.

Well there's your problem. A measly 10x? Where's your ambition? Wink

Let's take a look at the last go round, from 2015-2017. Based on Bitstamp prices, we saw a low of $152 in 2015 and a high of $19,666 in 2017. From bottom to top, that's 129x.

I'm not saying everyone can buy the bottom and sell the top, but nobody in their right mind should be settling for 10x in a Bitcoin bubble. There's no way we're topping out at $30-40K on the next run, not if history is any indication!

Agreed. Anyone buying now should be looking for at least 20x on the next bull run. I'd call 20x "safe", I think the peak might be more like 30-40x ($100k+) if the bottom is already in. A 10x would be like the bull run is just starting to heat up. That'd be like selling during the May 2017 run when it topped out at $3000 thinking that was all it was gonna do.

You cannot continue to expect the market to grow at the same rate, eventually there is a bottleneck in the amount of funds that can come in to bitcoin. You're pricing it against something else and there is not unlimited USD to spare for the bitcoin market. I'll bet bitcoin never goes on another 100x run bottom to top.

thecodebear

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Quote from: exstasie on November 30, 2018, 02:37:27 PM

Quote from: el kaka22 on November 28, 2018, 01:41:30 AM

Moreover right now, even with this fall a small investor could get maybe 1 or 2 bitcoins at most (after that you are not a "small" investor) and even if the price goes ten times this amount you will be getting 40-80 thousand dollar profit. Now don't get me wrong if I am paid anything above 10 thousand dollars profit, I would be delighted but being delighted and being rich are different things.

Well there's your problem. A measly 10x? Where's your ambition? Wink

Let's take a look at the last go round, from 2015-2017. Based on Bitstamp prices, we saw a low of $152 in 2015 and a high of $19,666 in 2017. From bottom to top, that's 129x.

I'm not saying everyone can buy the bottom and sell the top, but nobody in their right mind should be settling for 10x in a Bitcoin bubble. There's no way we're topping out at $30-40K on the next run, not if history is any indication!

Agreed. Anyone buying now should be looking for at least 20x on the next bull run. I'd call 20x "safe", I think the peak might be more like 30-40x ($100k+) if the bottom is already in. A 10x would be like the bull run is just starting to heat up. That'd be like selling during the May 2017 run when it topped out at $3000 thinking that was all it was gonna do.

1Referee

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Quote from: exstasie on November 30, 2018, 02:37:27 PM

I'm not saying everyone can buy the bottom and sell the top, but nobody in their right mind should be settling for 10x in a Bitcoin bubble. There's no way we're topping out at $30-40K on the next run, not if history is any indication!

People here are mostly keyboard hodlers. As soon as the price has gone up like 50% from where they bought you can bet your socks that they will cash out. Cheesy

Let people fomo in on peak levels and appreciate the view on top for a while, because there isn't much to see once the mountain crumbles to the ground. Only true hodlers manage to hodl through pumps and dumps, because they care less about fiat. Fiat is only useful when it comes to selling peaks and buying back lower. It serves no other purpose in this market, or at least, not for me.

Slow death

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Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

Don't get me wrong am not a fortune teller nor am I a future predictor.

Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

Am just an investor that believes in long term investment. I did get to miss out on the suppose glory days of bitcoin using last year as example when the price started the year at around $700 and by November reach a height of $20,000 I am not blaming my self or am I regretting it

A lot of factors prevented me from investing as at that time and I don't believe that there is a wrong time to invest except possibly when the price reaches above $50,000.

investing now is more beneficial because if in the future the price reach the $20,000 for example, you will have done 4x, this is already very good and if the price in the future reach $50,000 then you will have made a lot of profit, this would give a good retirement for you to go to bahamas for a vacation.

Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

But I see this situation as an opportunity to purchase extra bitcoin.

as I said before, is a good opportunity to buy and hold for many years. just think that this is money for you retirement. You should not trust banks because you never know what can happen so crypto can be a good salvation in the future.

thecodebear

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Quote from: davis196 on November 29, 2018, 08:12:41 AM

All the people,who missed out the big pumps should be prepared.
Bitcoin went from 16 USD to 1300 USD back in 2013.
Bitcoin went from 2000 USD to 17000 USD back in 2017.
Can you imagine the next bitcoin ATH?It will happen somewhere around 2020 and it might reach 50K USD. Grin

I'm not going to miss that opportunity.

Probably more like 2021 and probably more like $100k+

$50k wouldn't be that big of a bull run.
Anyone buying now is quite likely to be able to get at least 20x their investment in the next 3 or so years.

exstasie

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Quote from: el kaka22 on November 28, 2018, 01:41:30 AM

Moreover right now, even with this fall a small investor could get maybe 1 or 2 bitcoins at most (after that you are not a "small" investor) and even if the price goes ten times this amount you will be getting 40-80 thousand dollar profit. Now don't get me wrong if I am paid anything above 10 thousand dollars profit, I would be delighted but being delighted and being rich are different things.

Well there's your problem. A measly 10x? Where's your ambition? Wink

Let's take a look at the last go round, from 2015-2017. Based on Bitstamp prices, we saw a low of $152 in 2015 and a high of $19,666 in 2017. From bottom to top, that's 129x.

I'm not saying everyone can buy the bottom and sell the top, but nobody in their right mind should be settling for 10x in a Bitcoin bubble. There's no way we're topping out at $30-40K on the next run, not if history is any indication!

jimbo2000

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The big difference between now and the past is that bitcoin is now very much in the public domain, near everyone has heard of it and at some point heard of some of the benefits, if at that point you as an individual do not choose to investigate further and consider bitcoin's potential and also the potential of investing in bitcoin then it's your fault. Previously the large majority of people would not be aware of bitcoin and its huge potential simply because it was not as well known or spread.

rodalutor

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Quote from: davis196 on November 29, 2018, 08:12:41 AM

All the people,who missed out the big pumps should be prepared.
Bitcoin went from 16 USD to 1300 USD back in 2013.
Bitcoin went from 2000 USD to 17000 USD back in 2017.
Can you imagine the next bitcoin ATH?It will happen somewhere around 2020 and it might reach 50K USD. Grin

I'm not going to miss that opportunity.

BTC actually started 2017 at just under 1k. If you consider it did roughly 100x the first big bubble, 20x the next one, you can see that the exponential growth is slowing, expect the next big peak to be much smaller, maybe 5x or 10x at most. But that could be starting from the previous ATH.

gabmen

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Good point. Though it's not too late yet and we may yet have seen the bottom this year. Though i share your beliefs that we should look at the long term when it comes to crypto investments. This market still has plenty of room for growth and i'm sure crashes like this would happen every now and then. We've missed out on btc at below 100 usd since we didn't believe back then. I'm willing to make a risk at this point.

davis196

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All the people,who missed out the big pumps should be prepared.
Bitcoin went from 16 USD to 1300 USD back in 2013.
Bitcoin went from 2000 USD to 17000 USD back in 2017.
Can you imagine the next bitcoin ATH?It will happen somewhere around 2020 and it might reach 50K USD. Grin

I'm not going to miss that opportunity.

fabiorem

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I also missed the glory days, and I usually blame myself for that, because I knewn about it since 2011.

I only bought my first coin in 2015, when it was around $200.

rodalutor

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Quote from: el kaka22 on November 28, 2018, 01:41:30 AM

The problem is, you are considering the old days where bitcoin was only couple bucks and people could have gotten hundreds of bitcoins and now would have been rich no matter how much the price "dropped" in the past 2 weeks.

Moreover right now, even with this fall a small investor could get maybe 1 or 2 bitcoins at most (after that you are not a "small" investor) and even if the price goes ten times this amount you will be getting 40-80 thousand dollar profit. Now don't get me wrong if I am paid anything above 10 thousand dollars profit, I would be delighted but being delighted and being rich are different things.

Even if you had 100 thousand dollars right now out of nowhere, you would live a good year, a good couple years, lets say good 5 years at most. Afterwards you need money again, it is not life altering amount. However if we got in earlier we could have been millionaires and that would have been life altering.

Then you need alt-coins. They're the area that you're going to be able to still turn 10k in to millions. You're right that it won't happen with BTC. At least I really don't think so. But for sure there will be at least 5 or more alt-coins in the next few years that do 100x or more.

haroldtee

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I really will not be surprised in the next few months when possibly the market recovers, we will start seeing topics with people saying they had the chance but they missed the dip. It is quite funny that some few months ago, some were complaining about bitcoin being too expensive and if you look around now, the same people are the ones stating that the market is screwed. The obvious thing is that it is normal for people not to get it, until they make the decision to want to understand the essence of taking calculated risks and have the knowledge of what they are getting into.

el kaka22

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The problem is, you are considering the old days where bitcoin was only couple bucks and people could have gotten hundreds of bitcoins and now would have been rich no matter how much the price "dropped" in the past 2 weeks.

Moreover right now, even with this fall a small investor could get maybe 1 or 2 bitcoins at most (after that you are not a "small" investor) and even if the price goes ten times this amount you will be getting 40-80 thousand dollar profit. Now don't get me wrong if I am paid anything above 10 thousand dollars profit, I would be delighted but being delighted and being rich are different things.

Even if you had 100 thousand dollars right now out of nowhere, you would live a good year, a good couple years, lets say good 5 years at most. Afterwards you need money again, it is not life altering amount. However if we got in earlier we could have been millionaires and that would have been life altering.

rodalutor

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Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

Don't get me wrong am not a fortune teller nor am I a future predictor. Am just an investor that believes in long term investment. I did get to miss out on the suppose glory days of bitcoin using last year as example when the price started the year at around $700 and by November reach a height of $20,000 I am not blaming my self or am I regretting it

A lot of factors prevented me from investing as at that time and I don't believe that there is a wrong time to invest except possibly when the price reaches above $50,000.
the price of late are dropping are again at the close of the year 2018 and this is causing panic amongst investors and possible future investors critics has even predicted the drop trend to go on for a while and bitcoin will not recover soon.

But I see this situation as an opportunity to purchase extra bitcoin. Business is all about calculated risk you don't just move with news alone the could be sponsored shilling or FUD bitcoin is over nine years now and has created a good level of establishment.

If you had missed out on bitcoin previously it's fine. If you miss out now then blame yourself

I do truly believe that within 5 years time or less, we won't see bitcoin below $10,000 again so what you're saying is perfectly in line with that. I'm working on putting as much fiat in to bitcoin as I safely can, although I'm not overly optimistic for a quick recovery, I am near certain that such a recovery will come and any money invested now will be multiplied in future years.

wxa7115

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Quote from: Vit83 on November 27, 2018, 05:06:56 AM

Why do you think that this is the last bottom this year? If I remember correct exchanges selling crypto to pay taxes at the end of the year and BTC always falling before Chinese New Year. So IMHO all who have money can still buy cheap BTC in the next two months.

No one knows if this is the bottom, but do you think it matters at all? The price is below 4000 and even if we are conservative and assume that bitcoin will touch its previous all time high during the next five years you will still get profits of 400%, there are many opportunities in the markets but I do not know of one that so clearly indicates those kind of profits, so even if you bought bitcoin right now and the price still went down after you did it will not make much difference in the future.

But that is only true if you hold your coins and in order to do that effectively you need to be convinced about what bitcoin represents and offers to the world, because if that is not the case it will be impossible for you to hold.

Vit83

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Why do you think that this is the last bottom this year? If I remember correct exchanges selling crypto to pay taxes at the end of the year and BTC always falling before Chinese New Year. So IMHO all who have money can still buy cheap BTC in the next two months.

BrewMaster

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i will say the same thing i said last year, if you want to invest in bitcoin first decide whether you want to invest in it or become a day/short term trader. because you can't be both at the same time and that makes a big difference.
then break down your investment into different steps and start buying. for example at current market you could have placed 10% at $3000, 20% at $3500, 30% at $3800, 20% at $4000 and so on. the percentages are based on your speculation about chances of that price being met and how much risk you want to take.

o_e_l_e_o

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We've spent the best part of a year listening to people complain about how they missed buying bitcoin when it was cheap, how they wish they could go back and buy more, how they wish bitcoin would fall again so they could buy more, etc. Now that bitcoin is cheap and a great time to buy, these same people are talking about how much they are panicking, are selling at a loss, and think bitcoin is dead. The cognitive dissonance is astounding.

Quote from: Hivalley on November 26, 2018, 06:07:48 AM

Do not forget that so many people also bought when bitcoin was priced at 20k Dollars, and such individuals are currently at a fix at the moment

If you had bought at the all time high of $260 in April 2013, you would have lost 83% of your investment in only 3 days as it crashed to $45. You would also have then had to put up with the long 3 year bear market. But if you were patient enough to withstand all that, you would be up 1500% in 5 years. There is no other investment on the planet that can even come close to 1500% in 5 years, and that was with buying at current all time high. If you've bought at $20,000, and you don't need to cash out to maintain a basic standard of living, then just forget about it and come back in 5 years.

Mr.durden?

newbie

Activity: 9

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I remember the times when Bitcoin has hit 800 usd in price and a lot of my friends were selling it out. In the following months they have got cryptocurrency FOMO again and bought it back for 10k. It is hard to make correct decisions if you don't have balls of steel. Neither it is hard to buy when the market is falling. You can give whatever number of different examples from the past, but you cannot beat the psychology.

JetAid

member

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Jet Cash's better half

Remember guys - you don't get investment advice here on Bitcoin Talk, but you do get some good speculative comments. You should always due your own due diligence research, and never speculate with more than you can afford.

It's almost impossible to read the bottom of the market, so I try to price average. This means buying small quantities on the way into a dip, and again when you feel the price is set to rise. I missed the last dip, so I'm hoping it is going to return to dropping in price. I'm buying to hold for three years or so though.

Marcel666

jr. member

Activity: 266

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The Premier Digital Asset Management Ecosystem

Quote from: Onuohakk on November 26, 2018, 05:09:08 AM

... critics has even predicted the drop trend to go on for a while and bitcoin will not recover soon.

I disagree that the down trrns would continue for much longer, and we might be close to the support, whicj would hold out despite being testedultiole times.

As for when the market would recover, it depends on what 'recover is', I don't see it bouncing back soon to it's previous support.
And a bull run might well be much longer.

Hivalley

member

Activity: 210

Merit: 19

Do not forget that so many people also bought when bitcoin was priced at 20k Dollars, and such individuals are currently at a fix at the moment,you cannot really complain about not investing when you claim you ought to...
It takes time to understand the market trends in order to maximize profits through investmenting as well as the sort of trader you are..
If you're a short term trader I really doubt this is the right time to purchase bitcoins.
But if you're a long term trader,who purchases coins and forget about them in your wallet,then it's fine to purchase some more...

Most times its down to luck and making sure you invest what you sure can afford to lose

Onuohakk

member

Activity: 672

Merit: 29

Don't get me wrong am not a fortune teller nor am I a future predictor. Am just an investor that believes in long term investment. I did get to miss out on the suppose glory days of bitcoin using last year as example when the price started the year at around $700 and by November reach a height of $20,000 I am not blaming my self or am I regretting it

A lot of factors prevented me from investing as at that time and I don't believe that there is a wrong time to invest except possibly when the price reaches above $50,000.
the price of late are dropping are again at the close of the year 2018 and this is causing panic amongst investors and possible future investors critics has even predicted the drop trend to go on for a while and bitcoin will not recover soon.

But I see this situation as an opportunity to purchase extra bitcoin. Business is all about calculated risk you don't just move with news alone the could be sponsored shilling or FUD bitcoin is over nine years now and has created a good level of establishment.

If you had missed out on bitcoin previously it's fine. If you miss out now then blame yourself

Topic: miss out on bitcoin past low price? it's fine, if you miss out now you to blame (Read 734 times)