This dip is PROOF that "I wish I would've bought Bitcoin at X price" is nonsense

Kasabus

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Quote from: lienfaye on June 01, 2021, 05:13:20 PM

Quote from: Photony on June 01, 2021, 12:59:31 AM

I never want to hear people say "I wish I would've bought Bitcoin at X Price"

I usually here this statement when the price is already bullish. Now that there's a correction it seems some investors are hesitating to invest because of their worries if the price will bounce back.

They're afraid to lose their money and dont want to take risk. On the other side if btc already soar high, here comes their regrets of not buying during dip, well if you have such mindset you really cant get rich.

Bitcoin is existing for over a decade but manage to overcome the dips and recover back with much higher price. If we track the history you'll understand why holding and have patience are necessary if you invest.

This is the reason why only early investors of bitcoin can only understand this market's condition. The bearish season will always be inevitable as bullish season always do. So we need to have the right mindset so we can adjust with the current dip.

Fear, hesitation and lack of knowledge will always be the hindrances not to invest in bitcoin. Yes it's definitely a high risk investment but if you will only invest on the amount you can afford to lose, then you have nothing to worry about. You might get losses along the way but if you are focused and patient enough, you will end up successful and profitable in this kind of investment.

Questat

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It all just wishes because they don't invest any, if they try that after hearing about Bitcoin then they might become rich now. But these people are full of doubts, no wonder why it all just become like that.

How I wish I could buy...
It supposed to be I have to invest now and so I can see what will really happen to me after. If we think like this, It find nothing like that and everyone will be happy with the results.

Oilacris

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Quote from: nelson4lov on June 01, 2021, 05:55:24 PM

Quote from: Photony on June 01, 2021, 12:59:31 AM

~Snipped

The topic of missed opportunities in the Bitcoin and altcoins communities would never end. Particularly in Bitcoin, there have been plenty of opportunities to take advantage of insanely cheap market prices but yet still hesitate. When they're able to summon courage to take the risks, they find out that they have missed out on a golden opportunity to get BTC for an even lower price and go on to think that they can't get it at a higher price. I used to be in this kinda situation in my early crypto days but I finally had to put my fears aside and take those risks since they (risks) are inevitable in a market like this.

People would always love to go back into the past presuming that if they do able to buy bitcoin into those years then they might be rich as hell as of this moment.

I cant really blamed off people on having those kind of thoughts even myself do have those kind of moments where i do think that i might be rich now but we cant go back into the past.

Yes, its non sense but dreaming off isnt really that bad and also think that its never been too late.

Shenzou

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The only reason that people say such thing is because they think that investing in bitcoin is an easy and fast investment whith high returens in the short term, they look at the the prices and make faulse judgments and they either end up losing a lot of moeny and than start talking bad things about it or sell early and end up making barely any profit, bitcoin is a long term investment and the people who truly take the cake are the people who support it for years and endure through the dips and lows that comes with it.

nelson4lov

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Quote from: Photony on June 01, 2021, 12:59:31 AM

~Snipped

The topic of missed opportunities in the Bitcoin and altcoins communities would never end. Particularly in Bitcoin, there have been plenty of opportunities to take advantage of insanely cheap market prices but yet still hesitate. When they're able to summon courage to take the risks, they find out that they have missed out on a golden opportunity to get BTC for an even lower price and go on to think that they can't get it at a higher price. I used to be in this kinda situation in my early crypto days but I finally had to put my fears aside and take those risks since they (risks) are inevitable in a market like this.

lienfaye

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Quote from: Photony on June 01, 2021, 12:59:31 AM

I never want to hear people say "I wish I would've bought Bitcoin at X Price"

I usually here this statement when the price is already bullish. Now that there's a correction it seems some investors are hesitating to invest because of their worries if the price will bounce back.

They're afraid to lose their money and dont want to take risk. On the other side if btc already soar high, here comes their regrets of not buying during dip, well if you have such mindset you really cant get rich.

Bitcoin is existing for over a decade but manage to overcome the dips and recover back with much higher price. If we track the history you'll understand why holding and have patience are necessary if you invest.

Yatsan

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Those words can actually come from those people have late realization how valuable Bitcoin is and have just noticed its importance when it already have a high value but when at the time that it is at the bottom price they were just keep ignoring it and believing that it won't last long which have prove them wrong of the current situation wherein Bitcoin became more valuable to the extent that it have break through different levels of ATH exceeding the previous ones. You can't stop people from saying that for they might have really regretted not getting into Bitcoin when it is still somehow cheap and now they wanted to engage but the price is already that expensive.

isaac_clarke22

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Quote from: Photony on June 01, 2021, 12:59:31 AM

~

Not in my case, OP.
I won't sell it because probably I invested something that I don't care about it anyway.
Most likely I would just be locked up from my own wallet, that is for sure because I'll just let the private key in one side and never read or touch that text ever again.

uneng

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Quote from: NeuroticFish on June 01, 2021, 01:17:30 PM

Quote from: uneng on June 01, 2021, 01:02:44 PM

In other words: people who missed the opportunity of buying cheap bitcoins and complain about it would be the first ones to waste the opportunity taken if they had been holding bitcoins on their hands during a correction by panic selling all their coins.

Somehow you are right and there is a big chance potential investors would panic sell in this situation for different reasons. But we must also be aware that who really moves the market are the big investors, the whales. And these people don't panic sell because they are unexperienced or can't afford losing some money value on short run. They sell their coins because they profit from market speculation.
The fools smaller unexperienced investors who follow them don't make too much difference in bitcoin's fluctuations.

I think that it's incorrect to make a simple rule off this. I disagree with what OP said because I'm such an example.
There was one case, long ago, when I was very close to buy more Bitcoin very cheap. I didn't because the machine had tremendous fees. Then Bitcoin rose a little and I said I wait, then... poof, too late.

But (much) later on I started putting aside some of coins I've earned (I also sold some, I had/have to..) all in all, I do hold some. And I still think that I could have had much more if I would have bought, back then, at that incredible price.

On the other hand, I expect that most of those telling "I wish I would've bought Bitcoin at X price" never actually buy. So they don't also have anything to sell.

So, as I said, it's incorrect to make a simple rule. There's more than one category of people telling "I wish I would've bought Bitcoin at X price".

I understand you. I also had a similar experience in the past. I would like to have bought bitcoins years ago as I had some money stored, but I wasn't the one who managed my funds yet because I was too young and people around me didn't believe bitcoin's potential and forbade me from using the money for this purpose. But within time I started acquiring satoshis and saving most coins as possible (not all the coins, because like you I had and have to sell some from times to times).

So not all cases are the same and people behave in different ways, you are right. But I believe there is a common behavior among most people which happens more often, what I would call a rule, while what happened to you and me would be the exception to this rule. I say that because most people present *herd behavior*. They act accordingly to how the majority is acting. As most people don't buy bitcoins, they also don't buy, although they wished they have bought when they see bitcoin skyrocketing. And probably if they had bought they would panic sell anyway, because that is what the *herd behavior* presents during the corrections/bearish markets.

DarkDays

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Quote from: Obito on June 01, 2021, 01:07:59 AM

Who is that one man that you are talking about though? Well, if you had bought bitcoin when it was around 1$, you are definitely rich by now. Also, there's nothing wrong with people wishing what they could've done in the past, it's called hindsight.

Agreed. At least by looking into the past people can learn some lessons and hopefully will help them be in a better place someday.

For instance, if BTC drops to some unexpected value of say 20K zone then those people who were once wishing they could buy in then will have their chances while others with no wishing at all will wait for lower dips before buying in but there can only be a certain amount of discount.

The point being that if you see a chance grab it because one day it will pay off.

imstillthebest

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Quote

I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!

The dip is not caused by the weak hands but it can be caused by the early holders because They have been holding for a long time and they are in huge profit . The dip can also be caused by the manipulators .
You can close you ears because there would still be people that wish they bought btc at cheaps if price doesn't stop growing but some of them can be sincere and can strongly hold btc .

Bitstar_coin

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Quote from: Obito on June 01, 2021, 01:07:59 AM

Who is that one man that you are talking about though? Well, if you had bought bitcoin when it was around 1$, you are definitely rich by now. Also, there's nothing wrong with people wishing what they could've done in the past, it's called hindsight.

You have misunderstood the meaning of the post, lol, the op is not referring to one man but the very many people who always wish and never make a move, if you read correctly he never said he bought at $1, between the op is right, many will always say they would have bought when price was down but even when an opportunity is in front of them they still won't take advantage.

NeuroticFish

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Quote from: uneng on June 01, 2021, 01:02:44 PM

In other words: people who missed the opportunity of buying cheap bitcoins and complain about it would be the first ones to waste the opportunity taken if they had been holding bitcoins on their hands during a correction by panic selling all their coins.

Somehow you are right and there is a big chance potential investors would panic sell in this situation for different reasons. But we must also be aware that who really moves the market are the big investors, the whales. And these people don't panic sell because they are unexperienced or can't afford losing some money value on short run. They sell their coins because they profit from market speculation.
The fools smaller unexperienced investors who follow them don't make too much difference in bitcoin's fluctuations.

I think that it's incorrect to make a simple rule off this. I disagree with what OP said because I'm such an example.
There was one case, long ago, when I was very close to buy more Bitcoin very cheap. I didn't because the machine had tremendous fees. Then Bitcoin rose a little and I said I wait, then... poof, too late.

But (much) later on I started putting aside some of coins I've earned (I also sold some, I had/have to..) all in all, I do hold some. And I still think that I could have had much more if I would have bought, back then, at that incredible price.

On the other hand, I expect that most of those telling "I wish I would've bought Bitcoin at X price" never actually buy. So they don't also have anything to sell.

So, as I said, it's incorrect to make a simple rule. There's more than one category of people telling "I wish I would've bought Bitcoin at X price".

uneng

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Quote from: Photony on June 01, 2021, 12:59:31 AM

NO you would NOT be rich, you'd be Poorer!

How many times have you heard it?

I wish I had bought Bitcoin when it was $1, $100, $1000, etc!

I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!

Imagine believing ONE man can literally bring down Bitcoin, imagine believing for the 1,078th time that THIS is the true DEATH of Bitcoin!

I'm still new to Bitcoin....I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!

I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!

In other words: people who missed the opportunity of buying cheap bitcoins and complain about it would be the first ones to waste the opportunity taken if they had been holding bitcoins on their hands during a correction by panic selling all their coins.

Somehow you are right and there is a big chance potential investors would panic sell in this situation for different reasons. But we must also be aware that who really moves the market are the big investors, the whales. And these people don't panic sell because they are unexperienced or can't afford losing some money value on short run. They sell their coins because they profit from market speculation.
The fools smaller unexperienced investors who follow them don't make too much difference in bitcoin's fluctuations.

sapnu

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Due to the doubt and terrible speculations that people made before about bitcoin, a lot experienced great sense of regret as they witness bitcoin reaching over $60k before. The current dip is not a proof that buying during a low price would end up being nonsense as long as you remember that people saw it that way before and look where it brought them. The market will soon recover and the price will go high once again and if you would continue with your doubt since the market is on a bloodbath, think again because you might miss the opportunity of a lifetime.

Oceat

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It seems like you are annoyed by someone who still complain about the "what if" of their life?

Yeah, you can listen, read, heard about them whining but that's it. It's up to you to ignore the nonsense if you know what you could do to the market. Be humble enough to accept the decision they made, just learn what they lack about and make it an inspiration to learn from their mistakes.

Dip is nothing new here it happens to different market and the only difference I can tell is Bitcoin has a higher volatility rate unlike the other market.

androyster

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Tell that to the guy who bought BTC 10 years ago.

maartenhaha

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Quote from: Photony on June 01, 2021, 12:59:31 AM

I wish I had bought Bitcoin when it was $1, $100, $1000, etc!

I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!

Many ordinary people who are not involved in crypto only dreamed of being able to buy when bitcoin was first launched, stop dreaming because if you were given the opportunity to use the time machine to go back to 2009 then you would only see a few people buying for a certain price. $1 for 1 btc because the value is too high.

avikz

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I wish bitcoin adopters from 2017 could see this post! I clearly understand the frustration. When bitcoin market reached to 22k, there was a mad profit booking rush. Also there were many people who had adopted at this price range. People were frustrated until 2020, because they couldn't book their profit since almost 3 years. Now look at the market. Did it give another chance to get into bitcoin at 2017 price level.

So don't share your frustration with people here. Just wait for another bullish cycle.

sheenshane

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Quote from: Photony on June 01, 2021, 12:59:31 AM

I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!

I remember this before when my friend said, "How I wish I will win the mega jackpot in the lotto" knowing that she didn't even purchase at least 1 ticket from the lottery. It should be action speaks louder than words, because those people didn't want to take a risk and then regret when they witnessed a good opportunity that supposedly they will get benefit into it.

These people aren't a long term holder, every time when there's a new ATH come, this line was commonly we heard from them.
They were always afraid to invest and always doubt Bitcoin's capabilities to make money easily, in fact, most of them are short-term investors who will always be looking at the price chart that will easily get FUD and becomes a panic seller.

I think this isn't nonsense because there's a chance they will enter soon in the market, the one who didn't make any sense if someone had bought Bitcoin and sold it at a cheap price.

tranthidung

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There are people who never join the Bitcoin market. They only observe the price of Bitcoin, with greed, fear and uncertainty.

When Bitcoin rises too much, they regret that they miss chances to buy Bitcoin in previous months or years at discounted price.
When Bitcoin crashes, they are fear and uncertain then decide to stay outside. Just want to have safety.
The cycle repeats and they are always outsiders.

They don't know that in periods they are fearful, they can get safe investment if they join.

buwaytress

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Buying in 2020 or 2012 doesn't make anyone an expert. Besides, experts wish the same too, you know.

Quote from: Obito on June 01, 2021, 01:07:59 AM

Who is that one man that you are talking about though? Well, if you had bought bitcoin when it was around 1$, you are definitely rich by now. Also, there's nothing wrong with people wishing what they could've done in the past, it's called hindsight.

Maybe he's talking about Trump. I don't know, I've been needing to follow Twitter but too busy TikTok-ing with sharks.

Hindsight. What we've all got in spades.

Sterbens

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Quote from: Photony on June 01, 2021, 12:59:31 AM

I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!

if in that year you bought it, then it is clear where you were at the Bitcoin ATH at the beginning of this year? and you are still the holder without seeing the profit in plain sight?
it's too selfish and you missed the pin that who knows when it will come back? maybe 4 years from now.

If you are trying to get rich, then stay realistic and factor in expenses. Bitcoins are highly resilient, but as a holder you need years of experience.

a holder knows when to let go, and also knows when to start again as a holder.

mrongoz22

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depending on what you mean by the price of x, the name regret always comes later, so we don't need to think too much, just resign, the mistakes we have experienced in the past, and in the future we have to do it. be more careful...for sure in the future it will be even better..

Kittygalore

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Quote from: joniboini on June 01, 2021, 03:49:57 AM

Nah, we don't really have to be hypercritical about it. It's just an expression of regret, even I do something like that when I make a mistake in my judgment.

Exactly, OP just sounds condescending in his/her way of creating this thread. And to OP, haven't you had any regrets like this in the past because pretty hypocritical of you to target people who regretted not buying bitcoin at X prices when you did regret about something.

Upgrade00

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It's only nonsensical if it's not followed by the price they actually bought in at, such as 'I wish I would've bought Bitcoin at X price... But I instead got in at Y price'. A lot of people would rather regret not having bought before, without making any move to buy now (even through they can).
Bitcoin is still at the early phase, so if you cannot buy now and wait for 5+ years with all the evidence of growth, you most likely would not 10 years ago when Bitcoin had no history of growth.

joniboini

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Nah, we don't really have to be hypercritical about it. It's just an expression of regret, even I do something like that when I make a mistake in my judgment. Does that mean I panic sell every time? No, I still hold a lot of my assets even if I bought at the top. Is that the right move? Who knows, I don't know the future.

I think luck plays a huge role in my ROI, and fortunately, I only use the money I can afford to lose on my investment so it's not that stressful. Lots of people panic sell because they don't do this.

Obito

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Quote from: Photony on June 01, 2021, 03:36:47 AM

Quote from: Obito on June 01, 2021, 01:07:59 AM

~snip

When you bought btc for 1 dollar, can you stick to it until now? When buying for 1 dollar, would you feel that 10 times the profit is enough, and sell at 10 dollars?

Well, that depends, if I forgot about it for a long time and I still remember the access to the wallet then probably I can still have it also, that's why I said in my post that it is the hindsight and not actual hodling. I know myself and I would probably stick around until the prices are a double digit.

Photony

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Quote from: electronicash on June 01, 2021, 01:30:03 AM

in the early days, they consider BTC as an experiment and they still are even after $1200 spike. the institutions are ignoring Bitcoin even after 2017. only few of them are interested. some of the people today are still going to ignore BTC.

i have talked about buying few BTC to acquaintances on mine right when they share about jobs they have and how they still have money problems. they ignore it still. it could be too late for them when finally the government will consider it a reserve currency which they could be the ones that will say "I wish I would've bought Bitcoin at X price" or listened to me.

This situation is simply too much, so now I insist on looking for the latest projects, hoping to buy tokens with great potential at a low price.

Could you share with me some good new and potential projects? Thank you.

Photony

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Quote from: Obito on June 01, 2021, 01:07:59 AM

Who is that one man that you are talking about though? Well, if you had bought bitcoin when it was around 1$, you are definitely rich by now. Also, there's nothing wrong with people wishing what they could've done in the past, it's called hindsight.

When you bought btc for 1 dollar, can you stick to it until now? When buying for 1 dollar, would you feel that 10 times the profit is enough, and sell at 10 dollars?

Photony

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Quote from: BlackHatCoiner on June 01, 2021, 01:38:53 AM

Quote from: Photony on June 01, 2021, 12:59:31 AM

NO you would NOT be rich, you'd be Poorer!

Why that? If I decided to hold my coins, I would have been richer. I know that the bias wouldn't allow you to keep them for a 20000%+, except if I was extremely greedy or if I was going for the long-term, but based on the chart, it would have been profitable to invest in the past.

Quote from: Photony on June 01, 2021, 12:59:31 AM

I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!

The panic selling is the worst one. You must not fall into that trap. You have to set a target and settle. As for the “truly BIG 50%”, you'll experience them, I guess, soon.

The key to the question is whether you can insist on not selling at 10 dollars when you buy for 1 dollar. Another reminder, when you buy $1, you don’t know whether btc will rise or fall, or how much it will rise.

BlackHatCoiner

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Quote from: Photony on June 01, 2021, 12:59:31 AM

NO you would NOT be rich, you'd be Poorer!

Why that? If I decided to hold my coins, I would have been richer. I know that the bias wouldn't allow you to keep them for a 20000%+, except if I was extremely greedy or if I was going for the long-term, but based on the chart, it would have been profitable to invest in the past.

Quote from: Photony on June 01, 2021, 12:59:31 AM

I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!

The panic selling is the worst one. You must not fall into that trap. You have to set a target and settle. As for the “truly BIG 50%”, you'll experience them, I guess, soon.

electronicash

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in the early days, they consider BTC as an experiment and they still are even after $1200 spike. the institutions are ignoring Bitcoin even after 2017. only few of them are interested. some of the people today are still going to ignore BTC.

i have talked about buying few BTC to acquaintances on mine right when they share about jobs they have and how they still have money problems. they ignore it still. it could be too late for them when finally the government will consider it a reserve currency which they could be the ones that will say "I wish I would've bought Bitcoin at X price" or listened to me.

pooya87

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Quote from: Photony on June 01, 2021, 12:59:31 AM

I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT

To be fair people don't have to experience things to know how they are. For example you don't have to put your hand in the fire to know how painful third-degree burns are, there is logic (fire is hot) and experience of others (burn victims) to tell you that.
Bitcoin is young but it also has 12 years of history and in that history similar trends keep repeating. In fact the FUD we saw this panic sell round was not even new! Anybody with a little research into bitcoin history or a quick look at the charts would have known that.

Poker Player

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I don't think it's nonsense. What I do think you're right about is that even though Bitcoin has been the most profitable asset of the last decade, there are a lot of people who have lost money with it. Like those who bought in December 2017 and sold a few months later.

Obito

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Who is that one man that you are talking about though? Well, if you had bought bitcoin when it was around 1$, you are definitely rich by now. Also, there's nothing wrong with people wishing what they could've done in the past, it's called hindsight.

Photony

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NO you would NOT be rich, you'd be Poorer!

How many times have you heard it?

I wish I had bought Bitcoin when it was $1, $100, $1000, etc!

I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!

Imagine believing ONE man can literally bring down Bitcoin, imagine believing for the 1,078th time that THIS is the true DEATH of Bitcoin!

I'm still new to Bitcoin....I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!

I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!

Topic: This dip is PROOF that "I wish I would've bought Bitcoin at X price" is nonsense (Read 293 times)