Think before investing, the moon has limits - page 3.

mk4

legendary

Activity: 2870

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Paldo.io 🤖

Quote from: Husires on March 14, 2021, 07:52:46 AM

Avoid buying when the price continues to rise, crash will happen sooner or late.

Totally against this because this encourages timing the markets; which as we know, chances are, the typical investor is going to totally suck at it and will end up buying higher than he/she should have. If you're actually going to invest(as said in the title) and not trade, good lawd just dollar-cost average[1]. It's a boring strategy but it's what actually works really well.

Quote from: Husires on March 14, 2021, 07:52:46 AM

Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.

Just a PSA to the people: diversifying investments is buying other assets in other asset classes like stocks. Buying altcoins is not diversifying.

[1] https://dcabtc.com/

GreatArkansas

legendary

Activity: 2506

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Quote from: Husires on March 14, 2021, 07:52:46 AM

Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.

I really don't think so the diversifying is good always. Especially when before Bitcoin is still below $10,000, I diversified my investment, instead of buying Bitcoin only, I intended to find some good altcoins for me and then buy a lot. After that I realize and computed, if I just accumulate or buy Bitcoin instead of altcoins that time, I can able earn huge returns.

fadhilz123

sr. member

Activity: 1288

Merit: 253

casinosblockchain.io

Quote from: Husires on March 14, 2021, 07:52:46 AM

Nothing rises to infinity.

I think i just will comment on this one, the rest already commented by other members here
We all know this one, But the big question when?? Waiting until down?? Many people do this and end with regrets, so don't wait too long. Because we are in Bullrun, it's mean market green everything will pump, keep waiting will make you miss the train

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Just always be updated in the market, for new investors or 1st time crypto buyers it's not recommended to invest fully or too much these time that price were too high but it's still good to put a little provided they have knowledge in trading and they can make it grew or transfer in other potential crypto. The mistakes sometimes in newbies now is they fully invested all their money when there is FOMO, soon sure they will learn from experience seeing stop loss and monitoring the chart to look at possible chance to buy at low.

Japinat

hero member

Activity: 3052

Merit: 685

I'm doing the same, I would not follow the FOMO as I learned a lot from my experience.

When the price is high, it's time to sell not to buy.
Newbie would always want to ride the FOMO but they'll easily panic when the price dump and that makes the smart investors richer in this game.
I'm not underestimating the future of bitcoin but based on the trend, when the market is pumping hard, it usually dump as a correction.

I hope everyone understands that.

goaldigger

sr. member

Activity: 2422

Merit: 357

As much as we want to see Bitcoin reaches the Moon, there’s a limit for that and soon we might be on that situation again where the price of BTC needs to correct big time.

We all know that its price dump can’t be stop as well, hopefully if that time happens you don’t panic easily and you know what to do by that time. TAYOR!

hatshepsut93

legendary

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Quote from: Husires on March 14, 2021, 07:52:46 AM

Avoid buying when the price continues to rise, crash will happen sooner or late.

It only applies if you're short-term trading. Think about the recent example, Bitcoin reached $40,000 almost without stops, so if you bought at that time, didn't panic sell when it corrected to $30,000 and kept hodling, you'd already have 50% profit.

Quote from: Husires on March 14, 2021, 07:52:46 AM

Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.

You can't diversify in crypto, all alts follow Bitcoin. And telling people to diversify in general is pointless, those who come to crypto either don't have enough money for less risky investments, or they already know what to do.

Quote from: Husires on March 14, 2021, 07:52:46 AM

Nothing rises to infinity.

No one talks about infinity and everyone realizes a crash will come, it's just a question of when.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: Husires on March 14, 2021, 07:52:46 AM

Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.

If you are planning to diversify your earnings it should be outside of cryptocurrencies as this will definitely be not an effective way of diversifying as technically it would still be in the same industry. Right now the market is greatly influenced by the market leader and other cryptocurrencies follow the price movement of Bitcoin so if Bitcoin goes down other cryptocurrencies will also take a hit. If you plan to diversify it should be on other markets such as the stock market as it won't be affected by Bitcoin if it goes down south.

rhodelmabanal

full member

Activity: 1140

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Buzz App - Spin wheel, farm rewards

Quote from: Husires on March 14, 2021, 07:52:46 AM

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

Avoid buying when the price continues to rise, crash will happen sooner or late.
Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
Nothing rises to infinity.
Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

We cannot really deny the fact that there are so many people today that is now getting panic due to the continuous rising of the bitcoin price, Emagine from 50k$ it is now 60k$ for just a couple of days that was really amazing, however we still need to put in mind that in crypto everything may change in one blink of an eye so we need to be more careful, because the price now is too risky so be wise guys and make some limitation for good.

Ibrahim60

full member

Activity: 1176

Merit: 100

The OGz Club

Your opinion is quite right and good advice for every investors. We know that bitcoin is one of the best and potential coin. Its price is now so much volatile and increasing enormously. Every coin up and down. This is the attitude of all cryptocurrency. I see some people tell that don't invest now in Bitcoin because anytime it will be crushed when Bitcoin price was hit $30k. Now Bitcoin price hit $60k and also see those type of comments. Investing in any crypto, you must take some risk if you want to make profit. Because, no risk no gain.

Husires

legendary

Activity: 1596

Merit: 1288

Bitcoin price is on an unbelievably ridiculous upswing, some of which are witnessing increases of more than 100% and rewards up to 30%.

Indulging in comments that talk about the price will reach one million dollars, the opportunity will be lost, the price will rise to infinity, which may give you instant happiness, it is not the way to manage your investment.

Some things to keep in mind:

Avoid buying when the price continues to rise, crash will happen sooner or late.
Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
Nothing rises to infinity.
Avoid panic and emotions trading

If Bitcoin reaches the moon, we will not consider its USD value.

Topic: Think before investing, the moon has limits - page 3. (Read 402 times)