Topic: Think before investing, the moon has limits (Read 407 times)

Infinity?? Only Thanos has it . Kidding
In every market, there is no such thing as "rise to infinity". All markets are moving sideways although in Bitcoin, the trend that we are seeing in the past 12 years is a move upwards then a big correction then big upwards movement. It is making a higher lows every time . Thinking that Bitcoin will rise to infinity is a stupid mindset.

1. Markets move in cycles. When it goes up and up like what Bitcoin is doing right now, there will be a time in the future that it will make a huge correction like what it did in 2018. What we only need now is patience and some spare money so that we can buy it when the bear market comes.
2. Diversification is indeed a good strategy to lessen your risk but it isn't applicable to those investors who doesn't have that much of money. If you only have small money to invest like $100 or $200, investing in one or two safest coins would be the best choice like BTC or ETH or those coins at the top. Those investors that have larger money can diversify as much as they want .
3. The phrase "rise to infinity" isn't applicable to market as it moves in cycles. What only is infinity in every market is cycles .
4. Being emotionless is one of the hardest things to do especially in investing or even in trading. I have experienced it already and being emotional in every investment doesn't benefit you that is why I learned being emotionless for quite some time. Now I don't care if my portfolio goes down or up anymore. At the same time, I don't panic anymore because I removed my emotions already whenever I invest .

I'll highlight this one because most of people do really have this kind of impression towards the market specially the noobs out there whom do believe about infinite market price which
doesnt really exist or does only exist on our dreams and not  in real life.We might be seeing bullish run as of this moment but doesnt mean that it would really be running just like that
forever.There would always be a sell off and you should really be preparing for that. Set out realistic sell out levels or goals and then buyback later on when you do see an opportunity.
Rinse and repeat and make yourself profitable but even with this very basic concept, not all would really able to do so because of unpredictability of the market which is common reaction.

It's always important to minimize the risk as low as possible and $60k is already in a very high risk since it's closer to the ATH, and as expected a crash will most likely to follow. But I think this is a common mistakes that I noticed when Bitcoin is raging to break some resistance there's always someone that will try to invest between that prices. And the worst thing that could happen to this kind of action is they were like gambling because most of the time Bitcoin price didn't even rise after the correction hits.

That's why we really should avoid buying if the price continues to rise.

Moon has limits and always learn from experiences. Crypto is a very fragile investment and needs better understanding because of its volatile prices. You could easily lose your capital literally if you don’t know what you are buying also don’t let greed dominate you or else it might destroy you.

I actually agree with the key points you’ve stated before investing and while you have already invested in Bitcoin. However there are still a lot of people who panics when they see bitcoin rising and think they might be missing out and tend to buy when the price keeps on pumping. Like I know one person who’s close to me who keeps on doing that and I really don’t get why.

The most admirable of your statements is when you say people will not compare bitcoin with USD anymore when it reaches the moon. I'm totally into that.

And yes, nothing rises forever, and even if bitcoin rises forever, you will probably lose your money with a low experience in money management. Remember that as long as your fund remains, you are able to make money and increase your fund but the game will be over if you lose everything

Put a tight stop loss on every trade is what I'm doing right now and I do not expect for a double in return. 10% is good for me and I can make it 10 times in a row. Money in your pocket is yours, if it still running on the market, be caution.

The moon relies with how those traders thinks and understand the entire concept of this venue of investment.
There are people who believes that the moon will continue following the supply and demand and from how the people around the world embrace this investment cryptocurrency.


Missed opportunities if you are looking backwards but if you are looking in the long run, the current value right now is still
far from taking the peak, there's still big opportunities to see more pump to happen along the way.

If we can not take the risk of losing the money from the investment, we never take action because we are too afraid of that risk. Maybe they need to manage the risk so they do not feel too risky for them. Besides that, they can invest in any amount and no one will suggest them to buy bitcoin in a large amount of money at once. We always recommend buying bitcoin at a small amount constantly, so we can increase the bitcoin amount from time to time and sell it when the price increase so high.

Actually as bitcoin price didn't reach its current market value we have of $54,000 i bet if we could only turn back at those time where bitcoin was amounting only $3,000 we can't actually said that we miss the opportunity to buy at that price because no one had ever thought that bitcoin will going to soar as high as what we have right now. I bet no one gonna make a decision of putting such huge amount of principal for this.

That depends on the investor's risk tolerance. $60,000 might not be as expensive as today in the future especially when Bitcoin reaches the 6 digit figure mark. However, It's still a wise decision not to buy when Btc's price is rising, correction/crash always follows.
Anyway, the most important thing is not selling during bearish run just to avoid a deeper loss.

well some increase more than 200% actually .
and rewards goes up to 100% also, but of course for some and others has lower.
That is Greediness mate , because if you are a Holder for long time then this maybe your views but if not? and you only wanted to Earn from the hype?
You can buy when the price continues to Increase but only if you are capable of risking ant taking years , but if short term investor? then be aware of opportunities.

Correction is indeed inevitable, the 2018 bear market is a devastating effect when you hold a coin for a very long time and it's going to be a big loss. I would definitely want to hold some USD when the time comes but for now, I wouldn't be trying to go for stablecoin yet.

There is the devaluation of USD that could go beyond loss by hanging on to it and I wouldn't be surprised that we are going to mars not just to the moon.

The basic rule when investing is dont invest the money that is meant for important things. So if something happened unexpected its not going to hurt you bad since its a spare money that you can afford to lose. I always have a mindset like that after experiencing to lose my hard-earned money for blindy investing and thinking that I can certainly gain from it. Well, its not bad to be hopeful with your investment but lets face the reality of possible worse scenario.

Bitcoin might be showing significant growth currently but there's a possible chance for it to move downward, because like what op said it wont rise infinitely. Correction is inevitable and we should be prepared for it and be wise to handle such situation.

I do not think that our moon has a proper limit that we should be worried about right now. In order for bitcoin to be as big as gold, it should be 500k dollars per bitcoin and we still have way to go there, between all the coins that are lost and all the coins that are not in the market, we could consider even a million dollars as a possibility. Sure that is a "limit" but I do not think that we should be worried about that at all. Even from the last peak we made a 3x increase this time around, who knows we won't be doing that again? Maybe we will be 180k? That doesn't sound too unlikely to me.

I have to be honest, when we reached 20k for the first time I sold all my coins, I assumed it was too much and wouldn't go higher and I thought I was super smart for selling then, I bought a bit more (not as much) when it dropped and considered myself a genius, now I look at it and say that 20k was nothing, we could be so much more.

I will say the moon of Bitcoin has no limit, If you compare the price of Bitcoin when it created and now maybe you will agree with me.
What about in 2017, I will say still no limit, and proven today, we saw the price of Bitcoin is more than when in 2017, and the moon will keep moon, it just a matter of time

This is called investment, I think trader mindset will not understand

We will see a big crash again, probably something like -70% from the ATH, whatever that ends up being. I can safely say that the top is not in yet though, we still have at least another 6 months of up. It is not a good idea to sell now. It’s a good idea to keep DCA’ing.

I agree with your third and fourth points since it is impossible for something to raise forever and feeling panic is the first step to taking bad decisions, however I disagree with the first two points that you bring.

Buying when the price is raising is not bad as long as your money management skills are sound, you need to accumulate as many sats as possible ans sometimes this means buying when the price is up, and second if by diversifying your investment you mean investing in altcoins I will have to disagree since we know that most altcoins are heavily correlated to bitcoin so that offers no protection, but if you mean investing in gold and other assets you may have a point.

That is true but nothing wrong with cost averaging in.  Instead of going all in with one lump if you cost average over time if it does drop you aren't getting in on the peak.  But it also allows you to gain if it does get up into 6 figure usd.  And yes always always diversify.  No point being all in on one asset or even one asset class.

But sometimes we should take risk if we are want to be profited. Without risk, we won't be able to do something different. Price is increasing and it can increase regularly. We can invest on bitcoin anytime and for this, we should believe in bitcoin strongly.

I too wish we could enjoy this run forever, or at least I would like it to last all the way with an ATH near Christmas but yeah, we have to admit that a fair bit of fomo happened with elon musk especially, and that this means some of this could give away at any time.

Rational actions should be the LAST thing we expect from crypto:)

Long term holders like us at least if we miss the top, look forward to the next one, knowing we always see higher lows over longterm years:)