Topic: Share your Crypto experience. - page 7. (Read 1534 times)
it won't be bad when the investment is made properly. If you've been in the market for 10 months, this year will certainly be a bearish year that will make you lose a lot, but you have to remember that this situation is a good opportunity to enter the market. If you have spare money, buy it gradually and hold it. A portfolio decline of -36% is still very reasonable, I myself have even experienced a portfolio decline of around -90%, as long as you don't cut losses there will be no loss, you just need to be patient and wait for the bull market to come.
My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.
It's a good decision to hold until there's a new ATH will come but don't expect it will happen in a shorter time, there's no time frame for that so invest that you are willing to wait and the amount that you can afford. Usually, as per the past history of Bitcoin price, ATH will come after Bitcoin's next halving and it's expected that will occur after a year. So possibly 12-18 months isn't enough and might you need to extend your patience until seeing there's a bull trend in the market.
For now, full your bag, and continue purchasing Bitcoin in a DCA way.
I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
Guess what — 10 months is nothing when it comes to Bitcoin/crypto or investing in general. Want to succeed in this space? Get used to patiently waiting for years and years.
when we talk about the time period and investing in bitcoin/crypto, what is the acceptable time frame? is it worth the wait and what happens next?
I mean, you invest and hold for 10 years, but what next? just extend the duration of the investment and so on ad infinitum or just enjoy the pleasure of owning cryptocurrency?
if I'm not mistaken, "hodl" hype was created by the creators of shitcoin so that their coin would not be devalued by selling.
I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
I don't know what your investment pace is: you buy a little every month; if you bought everything you have 10 months ago.
But as has already been highlighted by several users, the investment - especially in Bitcoin, is a medium / long term investment. It's buy and wait.
If your strategy is to buy a little every month or occasionally, then now is a good time, as the value of BTC is at the same level as it was in 2020. And stay tuned, to buy again if it drops even more.
By doing this, you will be able to lower your average purchase price and allow you to feel more secure in the future, despite the changes in value that may occur.
I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
If you're lucky enough to have invested in the right and appropriate coin then congratulations but you need to be patient since we are still in the dip with bitcoin price, a little patience could change alot of stories about investing with bitcoin, maybe sometimes next year you may push for sell.
My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away.
And this is the only recovery means to regain back your portfolio as stated by you only if you can hodl, consider it that there's coming another bullrun that will make a new all time high during the halving period but only those that buy the dip and hodl will benefit such period.
I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.
Two weeks interval is still better than none, all you need is to maintain it with consistency and you will get and enjoy the end result to your decision.
I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
It depends on how you look at the market.A good year is mostly referring to one in which the price is spiking up and if you enter at that time, it's very likely you would be buying at or close to the top, but when you enter earlier, you have the opportunity to accumulate at lower prices, building says all the way up.
My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.
• The next bull run could be more than 2 years away.• Drop in prices should be an opportunity to buy more at cheaper prices rather than slowing down.
I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?
• Invest as much as you can spare.That's the most important advice to navigate the market and avoid selling at a loss. If you invest smartly, you can easily hodl through different market conditions than someone who takes out money they need or takes a loan to invest
• Also, keep your assets out of exchanges or custodian platforms.
I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
Guess what — 10 months is nothing when it comes to Bitcoin/crypto or investing in general. Want to succeed in this space? Get used to patiently waiting for years and years.
I have now been investing in Crypto for 10 months and its been a test of patience thats for sure
You have invest in a short time to complain. You are new in investment of bitcoin and don't expect fast money we are in bear season.
My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away.
Be prepared incase bitcoin fall more
I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.
Don't do DCA base only for the week duration but look at the price you want. If the price go down more the good bargain for maximum profit.
Consider to zoom out. May be Compare BTC Price on This Day daily @ 100 Bitcoin.
This might boost your confidence level.
This might boost your confidence level.
I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.
I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?
Thanks
My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.
I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?
Thanks
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