take advantage of opportunities - page 8.

goldkingcoiner

legendary

Activity: 2030

Merit: 1643

Verified Bitcoin Hodler

Quote from: Oshosondy on August 17, 2023, 10:54:31 PM

When you posted this, bitcoin was at $26500. One of the best way to overcome the panic is to DCA. People may not necessary buy all the bitcoin they want to buy at once, they can continue to DCA weekly.

Well, while DCAing is indeed a smart decision, it still does not really address the emotional panic that somebody goes through during such turbulent downward price movements. We are, each and everyone one of us, after all, only human. I think the best way to overcome such negative and counterproductive feelings of panic is to step away from the charts and distract yourself with something else.

Solokan

full member

Activity: 448

Merit: 217

Rollbit.com

I think it's very lucky for people who buy btc when the price drops like it is now, because usually after a fall there is always the potential for an increase but there are always those who panic sell btc when the btc price drops, but you take good action because you can take advantage of opportunities when the BTC price drops .

and hopefully after a price reduction there will be a price increase and finally people panic buying btc again.

KiaKia

sr. member

Activity: 658

Merit: 384

So many people on Twitter are expecting 24,000 for one Bitcoin before they can buy, so much misleading on the social media this day, and some newbies are following such tweets, there is no reason to panic unless you are not using the DCA method to accumulate Bitcoin, or maybe you invest what you can't afford to lose, do not let black rock steal your Bitcoin from you, manipulation is a dream killer for weak crypto investors.

I am still buying right now and I will keep buying even if we go lower, long term investors like me don't have any reason to panic sell, whatever happens later we will still make good profits, all we have to do is hold very well till the right time comes.

TheUltraElite

legendary

Activity: 2828

Merit: 1213

Call your grandparents and tell them you love them

More drop may be possible so make sure to buy in limited amounts at gradually decreasing levels. This helps off set the chance that the price might stop dropping or even start rising after some time. These positions once you have caught, can be sold at higher levels later on in future. Let the new media do what they want, your target should be to treat these as just numbers which give your profits.

Although we have been having bear trend as a normal thing now, even more drops is a welcome thing for traders will liquid cash at hand. Be patient and accumulate.

rat03gopoh

hero member

Activity: 2002

Merit: 633

Your keys, your responsibility

Quote from: landheer on August 17, 2023, 10:48:57 PM

Are you also taking advantage of this opportunity, friend?

Nope unfortunately, I don't have any stable coin reserves anymore. It never occurred to me that bitcoin would be 5% off today. This is just a golden opportunity for those who have idled caps.
Just feeling lucky that I managed to sell some mbtc yesterday at $28.6k for urgent needs irl. What a coincidence lol Cool

Zlantann

legendary

Activity: 840

Merit: 1004

Quote from: landheer on August 17, 2023, 10:48:57 PM

today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.

Are you also taking advantage of this opportunity, friend?

Experienced investors know that this is the nature of the Bitcoin market that the price can change within a few minutes or days. And this is also the beauty of investing in the sector, you buy when others are fearfully selling and sell when you get to your target. So many reasons have been given for the recent drop in price such as high-interest rates, low economic growth in China, Wall Street publication of the financial report of SpaceX that showed Bitcoin dumps, etc. We know that the main reason is just FUD but I have confidence that the price will bounce back. This is why DCA is the best strategy to use in buying. It allows you to buy Bitcoin at different prices thereby spreading the risk. Just as the OP said, this time is also a good time to buy because Bitcoin will definitely regain and exceed the current price.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Today, the Bitcoin price has fallen again to $26.3xx. The price may drop back to the $25k level or stay around that price level. This is a good opportunity to accumulate more Bitcoins, but be careful because the price is still unpredictable, whether it will continue to fall, stabilize, or reverse.

But we can use this time to buy a little to see where the market is going and if we find any signs of Bitcoin's price going down again, we can get ready to buy it again. Everything depends on the results of your analysis and don't panic or listen to suggestions from other people because they are not necessarily correct in analyzing.

But now it is approaching the weekend, where usually the price will get even more correction. That's why we have to be more careful when buying Bitcoin and not buy using all-in right away because it's not recommended. Hopefully, the price can reverse upwards and stay there until the weekend ends. And next week will be the time for Bitcoin prices to increase again.

virasog

legendary

Activity: 2954

Merit: 1159

Quote from: landheer on August 17, 2023, 10:48:57 PM

today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.

Are you also taking advantage of this opportunity, friend?

This is the right mindset to buy Bitcoin on every dump. But unfortunately, people will sell their bitcoins on such dumps and they usually become panic.
Just a 5% move down and we will see all the negative sentiments. However, those who know the potential of Bitcoin and who are looking to buy Bitcoin cheaply, they will never miss this opportunity to accumulate Bitcoin at these prices.

However, one must be aware that bitcoin can further dump from here too, so in case we buy bitcoin now and it goes further down, we should not panic. Also, I usually accumulate bitcoin in the spot so in case the market moves against me, I will not be liquidated.

jasonjm

hero member

Activity: 1232

Merit: 524

Quote from: landheer on August 17, 2023, 10:48:57 PM

today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.

Are you also taking advantage of this opportunity, friend?

This price dump is not over yet. The chances are that we might see a dip to the $20k level, do not panic sell. Regardless of the Bitcoin price action in the next couple of months, it is a golden opportunity for the investor to buy Bitcoin at this level. After this correction, the price will skyrocket, and the return on investment will be huge. As Warren Buffett said, “Be fearful when others are greedy, and greedy when others are fearful.”

gunhell16

sr. member

Activity: 1666

Merit: 453

Quote from: landheer on August 17, 2023, 10:48:57 PM

today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.

Are you also taking advantage of this opportunity, friend?

For the price of Bitcoin we have now, I can't deny t is a good chance and opportunity for the long-term investor to buy it now. Also good for those who do DCA. This is not a bad news instead a good news for me and for sure to other's as well. If there are people who feel afraid they are who wasting the chance to buy more instead.

This is the sad things where there is an opportunity a lot of investors are not taking advantaging of the value of Bitcoin, but all in all we shouldn't get panic if the things happens like this.

Husires

legendary

Activity: 1582

Merit: 1284

If you can't afford a price drop of $3,000, you will be greedy when the price goes up and panic when it goes down.
The current prices are an opportunity for everyone who wants to invest during the next 18 to 24 months, as an investment of $26,500 can easily turn into $120,000. This is not investment advice but based on historical data.

Sim_card

sr. member

Activity: 406

Merit: 360

Bitcoin goes below 27k,this is another opportunity for people who are procrastinating to take advantage of the market and buy their own bitcoin. Personally, I would use the DCA method to accumulate more bitcoin to my investment portfolio because of the level of my financial status even not I would have bought in lump. I don't know what happened that dump the price to this amount. Anyway bitcoin is a volatile investment and nobody knows the next price movement. Any investor that sells now due to panic will end up with regrets later because this is the nature of bitcoin.

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: landheer on August 17, 2023, 10:48:57 PM

today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.

Are you also taking advantage of this opportunity, friend?

If we are talking about investors here then by their actions they are showing they do not really know what they are doing, as the most important decision you can take is the moment and price at which you buy, buy for a bad price and it will take you a long time to see profits, buy for a good price and you will obtain profits without any issue.

Right now is a very good opportunity to buy bitcoin as it would not surprise me if the price recovered in just a few weeks, and from that moment on you will not have to worry about the price at all and you will be able to leisurely hold those recently bought coins.

Kaliandra

full member

Activity: 347

Merit: 140

today i saw the price of btc going down and i also think that this is an opportunity to accumulate my btc of course i take advantage of this opportunity, and i don't miss this opportunity and i use the dca system
in buying btc, and I hope you also use a friend's dca system in making purchases.

Oshosondy

legendary

Activity: 1414

Merit: 1118

...gambling responsibly. Do not be addicted.

When you posted this, bitcoin was at $26500. One of the best way to overcome the panic is to DCA. People may not necessary buy all the bitcoin they want to buy at once, they can continue to DCA weekly.

landheer

member

Activity: 467

Merit: 61

today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.

Are you also taking advantage of this opportunity, friend?

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