Take advantage of the price fall. - page 7.

serjent05

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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.

For a person who has been involved in the cryptocurrency industry, this price movement is too normal. Bitcoin had been labeled as highly volatile, so a price swing like this is no special, else Bitcoin won't be label as one right?

This scenario will be painful to people who invested in Bitcoin but lack money for their daily needs. Since they have to convert their BTC to cash in a low conversion ratio.

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

But this is something else that causes concern because it pushes them to sell their holdings even if it is at a loss thinking that it will continue to fall in the market when the truth is that it will not happen. That's why the market is as unpredictable as what is happening now to be honest.

Naive people will think that way but those who are familiar with the market see this as an opportunity to accumulate.

Viscore

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Quote from: mk4 on June 11, 2023, 10:13:25 PM

This is why dollar-cost averaging(DCA) is one of the best strategies especially for newbies — because lump sum buys gets them to panic over price drops/crashes. At least with DCA, a price crash could make them automatically look at it as an opportunity.

True. Newbies are still very sensitive to price fluctuations so when bitcoin price drops, they worry too much that they start forgetting that it’s a great opportunity to buy. That’s why DCA is the best key so they can maximize their accumulation, regardless if the price is dropping consistently. The thing in their mind is, at least even if they are losing, the amount is just very small that they can actually afford it losing.

Vinaa77

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Incidents like this are nothing new and there is no need to worry too much in our opinion for events like this, Bitcoin is volatile and this is a normal occurrence because prices are always changing and this is a correction that takes quite a while this year. now yes that Bitcoin is still in a low place and has a great opportunity to take advantage of current conditions for long term investment.

As long-term investors they have accumulated all this time because this is a good opportunity for them before waiting for the price to recover and increase, some of them have done DCA from the beginning of the correction until now, and as small investors we follow several ways of them to take advantage of current market conditions.

Sayeds56

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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.

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.

Issa56

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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 don’t just expect bitcoin to be rising always, their will definitely be fall, few months ago bitcoin price was around $16k and it pumped to around $30k, people didn’t make any noise, but little dump that happened everyone is panicking and making noise online even people that are not holding bitcoin are making noise. As a newbie all we should learn is to have patience and we should be able to hold, the current dump is just temporary, another opportunity to buy more bitcoin so we shouldn’t panic, just keep on holding your bitcoin and with time the price is going to bounce back.

qwertyup23

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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.

While this may be true, remember that one of your basis on forecasting the price of BTC in the future would always be the price history chart.

When I first started my journey in BTC, the price was roughly around ~$4,000. Currently, the price sits comfortably around $25,000 which is around a 650% increase where I initially started. By this fact alone, this should at least muster you the courage to invest your extra funds for long-term usage. Considering that the fork will happen in the year 2024, there is a relatively high chance that its price may skyrocket during that time.

At the end of the day, an investment is an investment regardless of the time-frame you have considered. Treat it as something that can yield profit in the near future depending on its price on the market.

ringgo96

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Currently Bitcoin is declining again and we as investors must be able to take advantage of this opportunity to invest, never be afraid and sell back Bitcoin when we are experiencing losses This is a wrong decision, because all there are times when price ups and downs in the crypto world are commonplace, so your friend must explore the crypto world so that he is calmer when things like today, So rest assured the price of Bitcoin will rise again for the foreseeable future.

Yatsan

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There are many underlying factors for the market price correction. One is exchanger issues,and another is the cme gap as we all know. Ofcourse it would be better to buy at a lower market value but problem is lack of assurance with the bottom. You'd be lucky if you would be able to predict the bottom price of it. The market price which is currently around $25.8k could still fall. Now as an investor, you may wait for a lower market value to avail bigger discount but since there's no certainty of the anticipated price correction, it would be some sort of a gamble waiting for more. The market price could recover anytime so better check your expectations. It is either to wait for a little longer or to invest now and/or buy already and ignore possible downfall of the value. Entering at a lower msrket price would generate bigger profit, so remain determined still.

Mr. Magkaisa

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- 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.

But this is something else that causes concern because it pushes them to sell their holdings even if it is at a loss thinking that it will continue to fall in the market when the truth is that it will not happen. That's why the market is as unpredictable as what is happening now to be honest.

Wildwest

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The decline that occurs in the value of Bitcoin is what we usually feel, and currently the decline that occurs still has not reached the minimum number because in the past the value of Bitcoin has not reached the highest number like today, if your friend feels panic about this decline then it is a mistake for him because because of the old investors this is what they are used to and the decline that occurs today they use it to continue to increase their investment because for the future the value Bitcoin will definitely rise again, so investing must be ready in any situation until we can achieve success.

justdimin

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Quote from: flyingcarpet on June 12, 2023, 06:38:09 AM

If your friend is investing in crypto money, he should get used to such situations. Such incidents have happened many times and will continue to happen. As you stated in your topic title, I see such situations as buying opportunities. As a result, we can get a cheaper bitcoin than the price we bought yesterday, and it could be more expensive tomorrow. If Bitcoin drops further, we'll still buy it. Because we know that the price will increase. If we make our investment with this thought in mind, we will be more comfortable.

When you have cash in your hands then this isn't really that upsetting because you could buy bitcoin, that would be the smart thing to do and I understand it. However, when you are holding bitcoin and have no cash at all to spend on buying more bitcoin, then it is not going to be the same, because those people only get to see their value go down and their investment crashing, nothing more.

This is why I believe that we shouldn't really be worried about anything like that, and we should be considering this as a bit of a problem for me. In the end we shouldn't be guessing anything worse or better, we should simply just understand that they are not happy, plead them to hold, and the ones with cash on their hands end up buying from people who fail to hold.

SOKO-DEKE

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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.

I believe your friend didn't understand much about Bitcoin investment; if not, he shouldn't have said he was disappointed because the price of Bitcoin is falling. He is supposed to be aware of bear markets and bull runs. And currently, I can say we are still in a bear market, and during the period of a bear market, you rarely see the Bitcoin price going up, but it often falls, so you friend need to be aware of this at first before it invested.All your friend needs currently is to be patient enough so he should witness a bull run period so it can make a good profit.

Bitcoin investment is not just what you invest and just make your profit easily in short time unless we are in a bull run period, and a bull run period is not the best time to buy Bitcoin, because you may not make reasonable from it due to the price will be high that time, so the best time to but Bitcoin is in bear market period so you can make a reasonable profit when the price of Bitcoin start pumping.

TimeTeller

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Quote from: superman184 on June 12, 2023, 09:12:15 AM

Since you say you are still a beginner here, I can only advise you to look at the market conditions and surroundings before you buy Bitcoin, because buying at any price is not always better even if it is Bitcoin. In fact, this is not a hard blow for everyone, including for yourself because currently many investors prefer stable coins when they see that the SEC is handling two large exchanges that are often used by investors and traders.

So that the decline still occurs, but believe that you and your friends will never lose if you still want to be patient to save the Bitcoin that you bought earlier for a much better price. Because Bitcoin is always more likely to get a price recovery when the big exchange conditions are better and the panic on the part of traders and investors starts to go away.

Being a beginner in this market has a lot to worry as they don't know yet what bitcoin needs to go thru to sustain its position in this new market.
Let alone experiencing a lot of ups and downs, which for many, can create confusion if they are right about investing in this very volatile market.
They don't know if the decline is good as they have no idea when will it go up again. So quite difficult to know when will they need to sell to get profits.
If you are long enough to witness this market, you will take advantage of the price fall as you know that at some point in the future, it will rise and you will reap your rewards.
However, if you have urgent needs of your money, this is a challenge as you may need to sell your crypto below your buying price. Hence, the dilemma in this market.
With such worry, the advice of investing what you can afford to lose will come in handy. Don't invest if you think you are staking your hard-earned money for nothing.

summonerrk

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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.

It would be wrong if everyone knew how much bitcoin would cost tomorrow. Everyone would get rich right away, and this can't be either.
What should we do?
To look for market patterns, for example, such as for 3-4 years of the bear market direction, there is 1 year of a bullish rally. Now, at the beginning of the era of neural networks, it is even easier to predict such patterns, you just need to be able to ask the neural network.
I have always said that there is no way to look into the future. But based on the experience of previous years, you can always try to predict with a high degree of probability how the price course of cryptocurrencies may develop in the future.

avp2306

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Quote from: Cvetik56 on June 12, 2023, 08:34:00 AM

Quote from: retreat on June 12, 2023, 08:13:07 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.

If he is worried and disappointed that his investment in Bitcoin will fall, he should not invest in Bitcoin from the start. He should have understood that investing in Bitcoin is quite risky. This is not the way to invest with high returns in a short period of time. He should know that his investment can drop significantly and he must accept that because he invests in risky assets. He should have held it for a longer period of time, maybe in the next 3 years his investment will bear fruit. The point is to stay patient and HOLD.

Every investment is risky. but I agree, you should always be prepared for the downfall. Yeah, the spirit only comes with experience, but it's not hard just to do a little research and be somewhat prepared.

To many opportunities brought up by bear market condition so people should prepare on this situation since this mean that earning time is coming. Although not everyone could adopt because they got feared that more dump to come with it that's the reason why other can't adopt to the current situation showing up in their faces. But thru experience that we encounter for sure if we could see this scenario will came realization will come to us and think about accumulating when sane like scenario will happen again.

BitcoinPanther

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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.

Your friend just need to hodl as we know the fact that Bitcoin is able to recover and even uptrend breaking ATH. You can also tell your friend to have patience and wait for a year or two and see for himself that his disappointment is just a waste of emotion. He will never have losses unless he sells at a lost. You can also try to comfort him negating his disappointment by telling him that Bitcoin halving is just around the corner, and this Bitcoin halving is the catalyst for Bitcoin bull run and eventually the breaking of ATH records.

You can also give a suggestion that DCA-ing while Bitcoin price is low is another good strategy to average down the price of his bitcoin investment entry point.

aylabadia05

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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.

The price of Bitcoin is currently still in a good category to buy even though altcoins are experiencing a significant decline in recent days.
For those who have bought Bitcoin as you describe, the best advice is probably to hold on tight.
Don't worry too much about the price, even if you calculate the comparison between the purchase price and the current price, you will already be in a losing position.
At least later in the year or early 2024 the position will turn into a profit.
Don't panic and don't doubt Bitcoin.

DudeAtWork420

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It is good you are here. However, it is also advised that before one gets into any crypto or bitcoin investment, one should be able to conduct his or her due diligence so as to know and be sure of what they are about signing up for. These are the mistakes made by investors. They fail to do the needful and that sometimes results to their regrets and recorded failures which they caused on themselves.
I think you should go back with your friend to the drawing board to making a good map outline for your bitcoin investment strategy.

superman184

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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.

Since you say you are still a beginner here, I can only advise you to look at the market conditions and surroundings before you buy Bitcoin, because buying at any price is not always better even if it is Bitcoin. In fact, this is not a hard blow for everyone, including for yourself because currently many investors prefer stable coins when they see that the SEC is handling two large exchanges that are often used by investors and traders.

So that the decline still occurs, but believe that you and your friends will never lose if you still want to be patient to save the Bitcoin that you bought earlier for a much better price. Because Bitcoin is always more likely to get a price recovery when the big exchange conditions are better and the panic on the part of traders and investors starts to go away.

hannahB4

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If you're the one that enroll your friend or tutor him , you should have inform him about the volatile nature of bitcoin which is the important thing for him to note and with this drop now, he won't be bothered that much because he already know how the market is. Your friend needs to work on the long term goal and should not be moved with the market situation now.

Topic: Take advantage of the price fall. - page 7. (Read 1083 times)