Take advantage of the price fall. - page 9.

Hyphen(-)

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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.

Inform your friends about the risks of Bitcoin and cryptocurrency investments. As a result, it is best to invest just what one can afford to lose.

The Bitcoin price dipped below $20k in 2022 and has since rebounded; therefore, there is no need to fear because we anticipate the price will soon recover.

One can exploit this market drop to add additional Bitcoin to their portfolio, but make sure the money is sphere money that will not be used soon, and avoid taking out a loan to invest in Bitcoin.

Biscutard

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Tell your friend not to worry about the bitcoin he bought as long as he do not sell it out of disappointment or trying to cut down losses on how much he have bought it. It is pretty normal for bitcoin price to rise and fall nobody knows it. The market is now falling maybe because of the bad sentiments in crypto space today but trust me it will never stay this way forever bitcoin will always have a time for bull season. Again tell your friend not to touch those bitcoins and keep it on hold we will get through this.

Outhue

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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.

He only bought 1000$ worth of Bitcoin, what about those that bought 10,000$ worth of Bitcoin? The mistake he did was investing at all, he shouldn't have, because he is not ready to lose that money, and he doesn't understand that Bitcoin goes up and down any time, the only way to win this race is thinking long term and I don't see such sign in your friend.

If you are the one that introduced your friend to Bitcoin, I am sorry to say but you have failed him, because you don't teach him the bad side of Bitcoin investment and how to become a successful Bitcoin investor, if your plan is not on the long term, you will get frustrated in the short term.

wxa7115

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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 nice if you told us the average price at which your friend bought their coins as this will help to give context to your story.

After all if your friend bought their bitcoin at or near the ATH I could understand why they could be upset about the lack of growth we are experimenting, as in that case they would have been holding their coins for some time and they are disappointed by their lack of results, however if your friend bought bitcoin recently and they are upset then this is worrying as the current negative movement is nothing to write home about, which tells me they could make the mistake of selling their coins and consolidate their losses too soon.

kotajikikox

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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 is fool enough to invest in something he does not truly understand and that will bring him more losses in the future , not unless he knew how to keep holding when the market go sideways like today.

But if he is frustrated enough not to keep the hold then better to never invest in bitcoin or any cryptocurrency.

TheUltraElite

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So anyway, I applied as a merit source :)

Truly speaking no one can predict the future with 100% accuracy because then they would become super natural. What we do is use our past charts and market sentiment to predict a possibility that can happen. The price dropping means the chance to buy while the price rise is a chance to sell. This is very basic concept of trading.

What the OP did not mention is the price at which their friend bought Bitcoin. If bought at the top, then that mistake should never be repeated again. But all is not lost because rise will happen in future, since then they should keep patience. These are cyclical changes and should be followed like that.

bluebit25

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The fear of lack of knowledge and experience always appears a lot of people participating in the cryptocurrency market, when the price rises they fear that it is too high to buy, when the price drops they are skeptical about the future. future with the market.

Can be strong in decision making and responsible for their own actions what to do next when dealing with the crypto market. If you are looking to invest in Bitcoin or any cryptocurrency, consider it carefully and dig deep into it before deciding to invest. Make sure you have all the knowledge and experience you need to make informed investment decisions. I have also noticed that many newcomers to the cryptocurrency market still do not fully understand the cryptosystem and the risks of this trading. So learn how it works, the risks, and how to protect your information and assets from fraud or losing money.

Lorence.xD

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If your friend are already have knowledge about Bitcoin then for sure he's aware with its volatility nature. There's nothing to be sad those downfall of Bitcoin's value would only be a bad effect to inexperienced people or newbie. As a good trader or investor you would take advantage with its volatility which is the reason why people love Bitcoin. Just invest again the money that you afford to lose and aim high again. If would be impossible for us to profit with experiencing losses.

adaseb

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Bitcoin and Ethereum didn’t really have a huge drop. It’s the alts that got hit with some losing 25% in a single day. Bitcoin is fairly safe since it’s definitely not a security. Maybe same with ETH. The issue is that the rest might be called a security and no exchange will be able to trade them if they serve us customers.

Hence why the sell off started. I also think that Binance US will close up shop in USA. Basically not worth it for them with all this regulation going on. Fiat deposits and withdraws are also closed. So it’s basically crypto only at the moment.

Gulttam2a2

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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.

khiholangkang

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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.

yes we experience it in 2018, and that for those who are weak will be a blow because of price distortion, it is quite frustrated for people who buy at $ 30k, or with the term stuck, what happens to us today is a Obstacles that must be passed as the holder of Bitcoin, especially those who make purchases with one paddle, they will be devastated.
But for those who use DCA strategies, price reduction is an opportunity to get more at low prices, I myself use situations like this to get some bitcoin.
Courage is the key to a great success.
With a good DCA strategy will get calm and mental emphasis is not as heavy as they who buy in one Sayung.

yudi09

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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.

Yes. No one can predict the future with certainty, but the right thing to do now is patience because soon and the advantage of $1000 will be obtained.
Investment requires patience.
The market is still difficult to cross the price of $30k until the first half of 2023. It could be that in the second half there will be a positive signal to get to the 2024.
There is an analysis that speculates that there will be a surprise at Halving 2024.

Purchase Bitcoin with the amount of $1000 amidst the current price condition is good with the condition that it must be strong to hold.
To avoid high panic, suggestions from friends who suggest dollar-cost Averaging (DCA) are very appropriate.

fat buddah

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BTC was below $20K just a few months ago, so it's not even the cheapest this year. Yeah, I've bought some, but this is not the best opportunity we had recently.

mk4

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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.

bittraffic

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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.

BlackBoss_

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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

Trading and investment are different. Bear market is bad for newbie traders who don't cut loss and hold their coins with falling knives but it is perfect for experienced investors who have cash in hands and wait for cheap price in bear market to DCA.

Quote

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

Don't predict the market and don't time the market. You can not be right with your predictions every time. If you try to time the market with your predictions, you will be wrong many times.

Quote

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.

Doing Dollar Cost Averaging DCA.
https://dcabtc.com/

Don Pedro Dinero

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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.

FiveG

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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.

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