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:)

Sometimes people are simply blinded by Bitcoin's promise of wealth. Bitcoin does not directly give us wealth of course, but since its price is increasing so high in the past years, a lot of people are interpreting Bitcoin as a way to make wealth.

And it has indeed fulfilled that promise to a certain extent. It has indeed made a lot of Bitcoiners very wealthy to the point that some of them could have already joined the ranks of the world's wealthiest.

But it has to be realized that Bitcoin is not a money making tool. Sooner or later its price may fall or perhaps stabilize that our greedy price forecast is simply just a wild imagination. 

People should always keep this in mind, there's always a shift and this is something every investors and traders should watch out to happen and prepare to make a necessary adjustment, do not have affinity to your portfolio always be ready to sell at the right time and buy at the right time, timing is very important, and will guaranty you profit.

It will better if you move to the other coins, which have the potential to increase. That is what we should do if we see our target coin already rises so high. And if bitcoin continues to rise higher, the altcoin will have the potential to increase, so at that time, you need to research which coin that can increase later. But if you want to invest in bitcoin for a long term now, more than 5 years, you should not worry about the downtrend because that will be your best time to buy more bitcoin at a low price.

If the price will continue to rise it is a big risk to buy more, because we can posibly loss if the price will fall, just like what happen last year 2017 that was a bull run and a very quick falling of btc price occur and many investors loss on that, however if they manage to hold until now they can realy gain a very big profit on holding, that is why in crypto, we cannot really predict on when we can get the profit that is why patience is always a virtue on crypto.

$1 billion per BTC, I guess that's already unrealistic because the total money in the world is only in trillion.

Bitcoin could reach $1 million each but it would not reach into billion, it's impossible.

Always good to remind yourself this.

I don't expect this bull market to sustain forever, but in the short run with a market with such FOMO like currently there is no guarantees that people are going to act completely rationally.

Which is why I think as a long term holder, the best thing to do is exactly what you've done for the past few years - keep holding. Selling off now is a good strategy if you are a day trader, but if prices keep going up then psychologically you might feel inclined to buy back at a higher price, which is completely counterproductive.

I am buying BTC for the long term usage case as a hedge against fiat collapse, not to take advantage of price swings.

I have spent maybe 50+ bitcoins in my life, most of it was before 2015 so it was basically as cheap as it gets, I remember once I paid someone 10 bitcoins just to build me a website (was a complex website to be honest) and that was about 4k dollars total, bitcoin was 400 dollars per bitcoin back then, now that would be over 500k dollars.

I feel regret as well and I do not even have 1 bitcoin right now, so I do feel sad. But, I soon realized, it doesn't matter what the price of bitcoin is, I think it is obvious that we should not be considering the fact that its high or low, we just need to consider how much bitcoin we have, that is why ever since I realized this, I keep buying bitcoin as much as I can, sometimes more and sometimes less but I keep buying, I would buy from 60k if it happens when I have money, I would buy from 100k if it happens, all I care is having as much bitcoins as I can.

We talk about investment and of course, the moon has limits, but the limits will replace by another limit, always like that. Bitcoin $1K, $10K, $100K, $1000K and more. We see the fact that only people who can become a holder will happy. So don't worry about the limit, you should focus on buy and hold

In the real life we cannot hit all of the good and jackpots of life in which sometimes we invest on bitcoin but still it didn't pump up or it dumps, sometimes when we invest after a week or months the investments become successful. What I am talking about is that it is all based on the risk that we are giving because sometimes there are people who will just talk and talk but still cannot invest their own money. Investments is a big risk and it is really a personal choice and personal decisions because once you invest and it fails then you would wait again for some years in order to get what you have been lose for. Just like what the others are saying right now, go and buy bitcoin right now and enjoy the the destination to the moon.

Whenever the prices are rising everyone says we miss the opportunity to invest at low price levels and if we have done investment earlier we would be enjoying profits now.On the opposite side of the coin when market is witnessing crash or dip those who want to invest gets panic due to FUD's spreading in the market and again losse the chance of investing at that time.People will always make excuses no matter how much you explain them to invest in btc.So its their personal choice of investment and time to invest or not.They are just missing the train to the moon and will see others travel to the destination who have made investments at this time.

The truth, but also the danger. Because we all know nothing rises to infinity, we all think even $1 billion is realistic. And then $10 million is even more realistic, and $100000 is the surest thing.

But all these numbers are equally far away from infinity, is what our minds cannot grasp:)

Be safe not sorry, everyone!

Still boils as how to look at investing in bitcoin, if you are here for the long term then for sure, you can buy even at top and just HODL. So if there is an imminent crash, you won't be affected by it and just continue to accumulate until such time that you have enough in your wallet that you can bet set for life.

I agree with diversification, but I would rather invest on non-crypto, i.e maybe stocks or golds or even a piece of land.

Yeah, well the moon has limits but the point is, what are those?

Many people expect Bitcoin to overtake gold as the best store of value in the world, that would mean a 10x from now, not bad. I don't agree with the general view that because the price is constantly rising and breaking ATHs, it has to crash soon. In fact there is a trading strategy (in the stock market) consisting in buying precisely when there is that tendency, because that means the asset is strong. We can't just get a general rule here, we have to consider the particularities of this precise asset and everything points to Bitcoin keeping rising during at least the following months.

As for diversification, if that means outside the crypto world, I agree. Having almost 100% of your net worth in Bitcoin is very risky. Probably very profitable also but very risky.

This is wrong. Just because price is rising that doesn't mean it must crash soon. For example the last time price continued rising from 2015 until the beginning of 2018. That's 3 years of continued rising with only corrections until 2018 the crash happened.

Keep in mind that not so long ago people were calling for a crash and price was barely $4k!

This needs clarification whenever you post on "bitcoin" forum.
Most newcomers here think diversification means buying altcoins but that is the worst thing anyone can do in the name of diversifying. Diversification means buying other assets that have nothing to do with bitcoin like stocks for example.
In other words if you are buying altcoins you are NOT diversifying.

Been thinking about that and most of it was regret.
Although I had my joy when spending it back then. That won't be paid by any kind of money.

Anyway, don't ride the expensive boat. That's one of the things I learned in this forum 4 years ago.
Up until now, it's still like a motto of mine. I'm the cheap type of person and I want everything to be as cheap as it could get before I buy them.
After that, what every investor need is patience. But I doubt they will have it if the mindset is being a millionaire in an easy way.

We should be careful on that scenario when price rises so fast, it's beyond our control that's why we're always liable. Keep monitoring your holdings, and once you've noticed a huge signs of market dump then don't hesitate to sell your asset and take your profit immediately. Don't risk and hodle when there's no assurance of recovery.

If the bitcoin price increase, you need to wait for a while because we do not know if the price will increase or not, and if the price is down after that, we can prepare to buy bitcoin. But if the price still increases, you need to hold yourself and not try to buy because the situations are not good if you continue to buy. If you can hold and analyze, maybe you can know if you can enter the market and buy some bitcoin, so you can sell it and make a profit when the price increases. But waiting for a while will be good for you as you can know what will happen to bitcoin later.

The Bullrun has to end someday, buying now will correspond to higher risk but it is too amazing why many were still have to risk and buy more, it is just because they believe that in the next 5 years, 10 years Bitcoin will reach to $1million? We can't stop those beliefs but there is a need for us to think as well that all of this speculation, market prediction can't all be right. And the question also if we can help ourselves to have that patient?
I hope people realize the risk and not too optimistic coz too much expectations are really hurt when we fail.   

The Moon will always shine in the evening no matter what the condition of the world is.
So this also Mean that even if the price falls when you Bought in high value yet It will grow up in the near time, But of course this is only for those coins that assures us to be legit and valuable Like Bitcoin.
If you suddenly experience a Huge dump just right after Buying just Keep the Hold and it will grow.
Means also One thing that all the funds we must invest is the amount we can risk and Lose in chances of we cannot expect.

People would be kicking themselves not buying at 20K with that attitude, now that we are talking 60K. Will BTC ever drop to sub 20K again? I doubt it, just considering Elon Musk's, Michael Saylor's and the Winklevoss BTC holdings now. Other whales we've never heard of who are also totally not into the trade game have entered the arena as well.
The only good time to buy and start HODLing BTC is now. Yesterday already happened.

Diversifying in altcoins I would not recommend. We have only seen losses so far against BTC for the vast majority of these. Even mathematically sound alts (that are literally forks of BTC!) such as Litecoin never achieved the ATH again so far. That is quite disappointing I would argue in a massive bullmarket.
Michael Saylor makes many arguments against investing in almost anything else due to real inflation.
I think investing in property might be the only other worth while thing to keep your assets safe over a long period, but it's a major headache compared to BTC.

Some I'm sure would consider Berkshire Hathaway to be kind of that infinity category. 40 years of continuous asset rises is probably enough for most people's lifetimes.
We've just had a decade of BTC rises. Who can say that will not continue for the next 3 decades at least.
BTC is MUCH easier to get and hodl than a single Berkshire Hathaway stock ever was. That might give you a possible indication what could happen.


Invest money you can afford to lose right now. Then HODL, don't trade.

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.


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/

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.

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

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.

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.

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!

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.


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.


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

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.

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.

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.

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.