Take advantage of the price fall. - page 6.

irhact

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Quote from: FiveG on June 11, 2023, 09:50:09 PM

Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.

The recent falling of the price of Bitcoin and the entire cryptocurency market is because of the lawsuit that the United States Security and Exchange commission is suing Binance US and Coinbase for offering security trading and other irregularities that they're accusing the exchanges of commiting. The market has reacted in a negative way because everyone is scared of what will happen next.

Individual are selling their coins in a defensive approach as they believe the market is going to crash but the market is holding strong to the fud the news has been bringing to the market. We have to ignore all that's going on and keep accumulating more Bitcoin as they're cheap.

BALIK

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Quote from: Sayeds56 on June 12, 2023, 08:59:35 PM

Quote from: Z-tight on June 12, 2023, 12:56:14 PM

Altcoins and BTC isn't the same thing, so don't think because BTC always recovers its value in price, that altcoins would also do the same thing, there is a reason why BTC recovers after plunging, it is because it is useful and there is demand for it. Meanwhile it is so hard to find a useful altcoin, so don't buy them thinking they will always recover like BTC, and if you are holding it and it starts falling, you should probably sell it and reduce your loss.

It is correct to state that altcoins are not comparable to Bitcoin as far as their fundamental characteristics are concerned. Bitcoin has its unique position and it is leading crypto currency with largest market capitalization. It has also gained significant adoption and recognition which contributes to its ability to recover from plunges. Bitcoin is also considered store of value and hedge against inflation. On the other hand alts are created for a specific purpose and they use different technology compared to Bitcoin. Some altcoins aim to provide solution for decentralized finance (DEFI). However, not all alts have strong use case or clear utility. In view of aforementioned factors, it is important to invest in altcoins after through research of their fundamentals and utility, as well as evaluate your financial situation prior to making investment decision.

But so far, have you seen any altcoins put into practice like bitcoin? Altcoins always claim to have new technology and superior solutions than bitcoin, but all is still in theory, not a single coin has brought real value. As far as I can see, it's all just speculation, there hasn't been a serious project that has created real value to put into practice. The proof is that potential projects grow very well during the bull season and disappear during the bear season. Unlike bitcoins that last over time, in addition to being used for investment purposes, it is also used as a means of payment, store of value, and more...

Sayeds56

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Quote from: Z-tight on June 12, 2023, 12:56:14 PM

Altcoins and BTC isn't the same thing, so don't think because BTC always recovers its value in price, that altcoins would also do the same thing, there is a reason why BTC recovers after plunging, it is because it is useful and there is demand for it. Meanwhile it is so hard to find a useful altcoin, so don't buy them thinking they will always recover like BTC, and if you are holding it and it starts falling, you should probably sell it and reduce your loss.

It is correct to state that altcoins are not comparable to Bitcoin as far as their fundamental characteristics are concerned. Bitcoin has its unique position and it is leading crypto currency with largest market capitalization. It has also gained significant adoption and recognition which contributes to its ability to recover from plunges. Bitcoin is also considered store of value and hedge against inflation. On the other hand alts are created for a specific purpose and they use different technology compared to Bitcoin. Some altcoins aim to provide solution for decentralized finance (DEFI). However, not all alts have strong use case or clear utility. In view of aforementioned factors, it is important to invest in altcoins after through research of their fundamentals and utility, as well as evaluate your financial situation prior to making investment decision.

Stella Mese

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Bitcoin has a fluctuate nature and beginners should know all about it.
and I want to ask if he knew before investing in btc about the risks of investing in btc?
that's why many people suggest that investing in BTC should use money that is ready to lose, so if we use money that is ready to lose, of course it won't make us mentally fall when the price of BTC goes down.

In my opinion, what we need when investing in BTC is patience, awareness, and must be strong to hold and sell it when we have made a profit.

jeraldskie11

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Quote from: FiveG on June 11, 2023, 09:50:09 PM

Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.

You should explain to your friend that this is usual in the crypto world and that what is occurring now is simply an opportunity to invest. If he believes that red days are unsafe in Bitcoin, he is mistaken. To be honest, it's risky when the price is already at its highest point because people who acquired at a low price will tend to sell their Bitcoin bags. No one wants to sell their assets without a profit, and no one wants their profit to be zero, which is why buying at such a high price is extremely risky. Every time the price reduces, I remind myself that it's an opportunity for others to buy before the price rises again.

Wend

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Quote from: Z-tight on June 12, 2023, 12:56:14 PM

Quote from: Mr. Magkaisa on June 12, 2023, 10:29:14 AM

- As of the moment, if we look at the crypto market, it's too painful for the eyes, but for others, it's good in their eyes because it's a good opportunity for them to buy top altcoins that are now falling in value. Because they know it can recover in a short period of time just like Bitcoin.

Altcoins and BTC isn't the same thing, so don't think because BTC always recovers its value in price, that altcoins would also do the same thing, there is a reason why BTC recovers after plunging, it is because it is useful and there is demand for it. Meanwhile it is so hard to find a useful altcoin, so don't buy them thinking they will always recover like BTC, and if you are holding it and it starts falling, you should probably sell it and reduce your loss.

Even the top altcoins do not guarantee that they will recover like bitcoin. Indeed, bitcoin is the only currency that is useful and has real demand, the rest is speculative, so we need to accept high risk when investing in altcoins.
In my opinion, this is still not the right time to invest in altcoins. The market is still very bad, and if bitcoin has another drop, many altcoins will fall dramatically and be hard to recover. Be cautious when investing alt these days.

GideonGono

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Quote from: FiveG on June 11, 2023, 09:50:09 PM

Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.

You're aware of your ignorance so you should also know the answer for your question, you know what you lack of so why not start with it?
Most of newbie's fall victim to it, because they didn't really study it, they doesn't have plan and most of all they only see the profit they doesn't acknowledge the risk on investment.
If you know how to handle or manage your investment I think you could earn from those price fall.

drwhobox

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Quote from: nurilham on June 12, 2023, 03:46:31 PM

It is good if someone can take advantage by buying some crypto coins nowadays. But it is surely not a must if someone already spent his money on some crypto coins. Buying in the current market situation is only applied to people who still have enough money. I also rarely buy crypto coins now because I have spent a quite big amount of money before. I already have some crypto coins, I think I don't need to buy so many crypto coins. Anyway, no guarantee for profits although buying in the current market situation. It depends on the strategy to use and how patient to hold the coins.

Yes, it is not necessary to buy if you already have but you can take the advantage of the price by buying more. Bitcoin investment is risky but the profit is also high. So buy with what you can afford to lose, and always keep some spare money to buy more if the price is right.

loopes

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Quote from: FiveG on June 11, 2023, 09:50:09 PM

Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin.

sad to hear your friend situation that should bear the risk dropping price of the bitcoin. But that is a normal situation in bitcoin sphere. she / he just wait and hold untill the price go up.

Quote from: FiveG on June 11, 2023, 09:50:09 PM

I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.

i ever found bitcoin price analyst on social media then he share his analysis to his community that is created by him on social media. you should a person like that to get easier price analysis the get earning.

JoyMarsha

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What has your friend been anticipating ever since he bought bitcoin? Was he under the impression that the moment he invested in Bitcoin, the price would start to rise and would never appear to decline in price? When I hear newcomers complaining that bitcoin's price is dropping and they are losing money, it genuinely makes me uncomfortable because it is well known that the only way to lose money in cryptocurrencies is to sell rather than hold onto your investments.

Beginners in the crypto space would be better to alter their perception of bitcoin as a get-rich scheme in which they should only invest money they can't afford to lose.

nurilham

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Quote from: Gulttam2a2 on June 11, 2023, 11:13:36 PM

In my opinion, one should definitely take advantage of the market going down. In the current market, everything is much cheaper than before, which I think traders will benefit from. There will be profit. I will also buy some because of this market going down.

It is good if someone can take advantage by buying some crypto coins nowadays. But it is surely not a must if someone already spent his money on some crypto coins. Buying in the current market situation is only applied to people who still have enough money. I also rarely buy crypto coins now because I have spent a quite big amount of money before. I already have some crypto coins, I think I don't need to buy so many crypto coins. Anyway, no guarantee for profits although buying in the current market situation. It depends on the strategy to use and how patient to hold the coins.

Fatunad

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Quote from: karabiber on June 12, 2023, 03:25:58 PM

Quote from: Iadegbola34 on June 12, 2023, 06:44:21 AM

Trading Bitcoin has been a real rollercoaster lately, especially for investments. It's a pity that your friend bought $1000 worth of Bitcoin only to see the price take a nosedive. But here's the thing: predicting the future of Bitcoin is like trying to guess the lottery numbers. We can't control it. This isn't the first time prices have tanked, though. Maybe we can see the bright side and use this opportunity to buy some Bitcoin while it's cheap. By the way, if anyone here has insights into why prices keep dropping, we'd love to hear them. Being newbies in this crypto world can be tough, right? But hey, that's why we're here – to support each other like a family.

Bitcoin has been on the decline for a long time, not recently, and we are in a bear market, it should be taken as normal. We do not know what will happen in the future, but it is an insult to Bitcoin to consider the future of Bitcoin, which has radically changed the money markets, the economic market, is equivalent to predicting lottery numbers. There is no need to talk much about Bitcoin and I am just sending you https://bitcoin.org/bitcoin.pdf and advise you to read it carefully. You must read for your future.

If i'm going to speak for the Bitcoin intake, there is a simple rule; Buy when the price is low and sell when the price is high. But this is easy to say, hard to do. I recommend using an average dollar cost strategy rather than timing the market. In this way, you can reduce the effect of market volatility by investing a small amount in an asset such as crypto money, stocks at regular intervals. You should always make sure that you have enough savings for this,. If you believe that your Bitcoin investment will increase in value in the long run and experience price fluctuations in between, you can use the average dollar cost strategy. Here we all know that Bitcoin will reach levels that cannot be reached in the long run so it is not too late to invest.

For people who had been on this market for a while now wont really be getting shocked if the market goes like this but the fact that they would rather be get the opportunity to buy in cheap coins
but for noobs who had just stepped into this market would definitely be having that kind of whining and crying about their portfolio on seeing those declines or decrease which is something that you would
really be needing to control your emotions and mindset because if you dont then you would definitely really be ending up on having that panic sell which is something that mostly to happen.
This is why its really that important that you should really be that sensible on what are the things that you should really gonna do specially on market conditions like this. Treat up that market does have
its ups and down on which it is really just that casual, there are really just that people who cant really be able to bare out their emotions and make out some impulsive kind of actions.
We know that market could be going ups and downs and its just normal that we do really see those red long candles specially if there are some economical news which it is something that inevitable.
There are just those people who couldnt really just resist on not to make out those reactions.

GeorgeJohn

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Quote from: bittraffic on June 11, 2023, 10:10:49 PM

Crypto is not easy and thats exactly what they'd lean by now of they invest BTC while it goes $30k just weeks ago. Newbies have to also endure what the old investors did back in 2018. They can look at this as a test of patience. And the more you'd be tested if you got altcoins.

But it will be rewarding when all these bears are gone. Its not easy to keep waiting but fortune favors the bold.

Newbie should learn the foundations of investment before venturing into it, I believe that its one the major things that causes people to lose during the time of bitcoin investment, the things that makes people to always experience kind of lose in bitcoin investment is inability to read a chart of bitcoin and comprehend exactly what graph of the chart is all about, during bitcoin investment you have to understand the movement of candles sticks before you purchase a bitcoin for short time investment, but a process whereby you have in mind for investing in bitcoin for long duration, I believe that from my perspective you don't need to concentrate much for the chart of market before purchasing, in summary short term investment required a total examination of chart before purchasing.

karabiber

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Quote from: Iadegbola34 on June 12, 2023, 06:44:21 AM

Trading Bitcoin has been a real rollercoaster lately, especially for investments. It's a pity that your friend bought $1000 worth of Bitcoin only to see the price take a nosedive. But here's the thing: predicting the future of Bitcoin is like trying to guess the lottery numbers. We can't control it. This isn't the first time prices have tanked, though. Maybe we can see the bright side and use this opportunity to buy some Bitcoin while it's cheap. By the way, if anyone here has insights into why prices keep dropping, we'd love to hear them. Being newbies in this crypto world can be tough, right? But hey, that's why we're here – to support each other like a family.

Bitcoin has been on the decline for a long time, not recently, and we are in a bear market, it should be taken as normal. We do not know what will happen in the future, but it is an insult to Bitcoin to consider the future of Bitcoin, which has radically changed the money markets, the economic market, is equivalent to predicting lottery numbers. There is no need to talk much about Bitcoin and I am just sending you https://bitcoin.org/bitcoin.pdf and advise you to read it carefully. You must read for your future.

If i'm going to speak for the Bitcoin intake, there is a simple rule; Buy when the price is low and sell when the price is high. But this is easy to say, hard to do. I recommend using an average dollar cost strategy rather than timing the market. In this way, you can reduce the effect of market volatility by investing a small amount in an asset such as crypto money, stocks at regular intervals. You should always make sure that you have enough savings for this,. If you believe that your Bitcoin investment will increase in value in the long run and experience price fluctuations in between, you can use the average dollar cost strategy. Here we all know that Bitcoin will reach levels that cannot be reached in the long run so it is not too late to invest.

romero121

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Every form of investment have got risk in it. With bitcoin it is high because of the volatility. When a person gets into bitcoin investment for the first time he/she'll find it strange, because the price drops will happen in larger margin. Some out of panic just end up their involvement with bitcoin. Whenever price fall happens, automatically there'll be Whales who take advantage and buy more. When it comes to cryptomarket we should have the patience, if not we cannot make our portfolio strong. When price fall takes place we should have the mind to take the short term profit, if not we should be long term focused.

Distinctin

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Quote from: Don Pedro Dinero on June 11, 2023, 09:57:40 PM

If your friend is going to get nervous because the price drops a little, he's doing it wrong. Either he is not thinking long term or that $1,000 is money he may need in the short to medium term. It is better to study bitcoin, its history and price behaviour in cycles to get an idea of what is to come, and be prepared for HODL for a long time to come, if you do things right, a little rise or fall in price should not even faze you.

Otherwise, I can already see your friend selling at $1100 because he's short the money when he can easily make x5 in a couple of years.

Your friend is just like anyone else that enters the market less knowledgeable and skillful. But know that everything is learned and mastered, and trading is not an exception. Though it’s okay to feel panic and lose at first because that’s how trading is, but learned also from your mistakes. Seeing the price of bitcoin dropping is never a loss actually, in fact it gives us more opportunities to earn more and gain more. So invest but do it at your own risk.

Botnake

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Quote from: FiveG on June 11, 2023, 09:50:09 PM

Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.

That’s the reason why we should only invest at a manageable amount, especially in a highly volatile investment like bitcoin. And know that not all the time bitcoin price keeps surging, it will always have its certain price drops which makes the crypto market becomes too much unpredictable. However, instead of panicking, we should always see it as another opportunity to buy and invest more. Buy when the price is low, that’s the only way we can maximize our bitcoin accumulation and it’ll paid off when it’s value reaches another all time high.

The Cryptovator

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Currently, we find ourselves in an accumulation phase, to be frank. However, it's important to acknowledge that some individuals are bold enough to accumulate assets even during a bear market. They believe that the market will continue to decline and choose to wait for that moment. Unfortunately, such individuals often end up purchasing assets at high prices and subsequently regret their decision. Presently, the market is experiencing a significant downturn due to a multitude of negative news. Nevertheless, I am confident that in a few days' time, the situation will become clearer, and the market will regain momentum. Therefore, those who have the courage to accumulate now and are willing to take the risk may reap the benefits in the long run.

Z-tight

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Quote from: Mr. Magkaisa on June 12, 2023, 10:29:14 AM

- As of the moment, if we look at the crypto market, it's too painful for the eyes, but for others, it's good in their eyes because it's a good opportunity for them to buy top altcoins that are now falling in value. Because they know it can recover in a short period of time just like Bitcoin.

Altcoins and BTC isn't the same thing, so don't think because BTC always recovers its value in price, that altcoins would also do the same thing, there is a reason why BTC recovers after plunging, it is because it is useful and there is demand for it. Meanwhile it is so hard to find a useful altcoin, so don't buy them thinking they will always recover like BTC, and if you are holding it and it starts falling, you should probably sell it and reduce your loss.

rachael9385

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Quote from: Sayeds56 on June 12, 2023, 11:27:15 AM

Quote from: FiveG on June 11, 2023, 09:50:09 PM

Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.

I empathize with your friend for his unfortunate experience of facing losses due to sudden decline in Bitcoin price caused by the SEC regulation issue. However. we need to understand that crypto market is highly volatile and unpredictable. Such situation can emotionally disturb many investors, but we need to be patient and continue holding our investment for potential significant returns in future.

I like your ideas about what the OP is trying to tell us, we all should take advantage of the price now that it has dropped to this amount all of a sudden, anyway, this is not the first time we are facing such a thing on the bitcoin market, since today I have been watching the price of bitcoin and I noticed that the price hasn't increased or reduced more than the way it is now but that does not mean that the price will not increase or decrease anytime soon so we should take advantage of the price now before the price pumps

Topic: Take advantage of the price fall. - page 6. (Read 1083 times)