Topic: This sh*t ain't for the faint of heart! 😭 (Read 653 times)
Don't be discouraged if you have to try to recover from the loss currencies are much more valuable when prices rise in the market. Markets usually rise on the basis of demand I think you can hold on by investing in the long run the risk is much lower here and doesn't be disappointed if the price goes down the reason for the price going down is that it will go up again wait patiently for this.
I was in a bull market a few months ago (I don’t know if it’s still a bull market). I profited from frequent trading. I thought it was because of my skills. Knowing 5/19, ushered in a plunge.
My margin account was almost zero. At this time, I realized that my previous gains were only because of the bull market now, and I was just lucky.
Now Bitcoin is trading sideways between 30,000-40000, I am a little confused now, and I don’t even dare to open my Binance.
Now I prefer to invest. I choose a token in the presale stage and hold it for a long time. I also earn back the previous losses because of the investment.
My margin account was almost zero. At this time, I realized that my previous gains were only because of the bull market now, and I was just lucky.
Now Bitcoin is trading sideways between 30,000-40000, I am a little confused now, and I don’t even dare to open my Binance.
Now I prefer to invest. I choose a token in the presale stage and hold it for a long time. I also earn back the previous losses because of the investment.
I think the price entrance at the time was very good. In this case, the first reaction should be to buy quickly. Although Bitcoin is highly volatile, its market demand will definitely restore it to a more beautiful value. If OP does it, you will have considerable wealth. But I don’t recommend investing all of your wealth, holding part of it for a long time, and don’t waver.
I know this rage since long and happens with me all the time tbh. May be this is the way our strategies are built so that we can keep with the market loop. You never know at what point market will burst open to another high tide or will go down the road and that’s when we keep buying and buying all the time. Anyways that is also good strategy as you end up with multiple “entry points” while trading your way in.
This helps averaging our break even point at some point. This you no longer have to worry about that single point where you bought everything all once.
This helps averaging our break even point at some point. This you no longer have to worry about that single point where you bought everything all once.
If you really did it then, congratulations.
Sometimes all you need is a bit of courage to take the risk. I have read that you are a trader and a short-term one.
You did a good choice and most probably you have already sold what you bought. If I have the budget, I might have also done the same thing, but it's just to keep it long-term.
That low price could be a once-in-a-lifetime chance and we may never see it again.
I guess traders in 2025 would be looking back and be envious of us who are able to buy BTC for anything lower than 50k. I mean it has been speculated that Bitcoin would trade over a million dollars each, and people who laugh at this thought are the same who laughed when someone said BTC will reach 1k.Sometimes all you need is a bit of courage to take the risk. I have read that you are a trader and a short-term one.
You did a good choice and most probably you have already sold what you bought. If I have the budget, I might have also done the same thing, but it's just to keep it long-term.
That low price could be a once-in-a-lifetime chance and we may never see it again.
When bitcoin is getting us a second chance like this (I mean after setting ATH, and somehow FOMO is intensifying, most people never dared to get another chances to buy lower than $40k), like most other people, I am also go crazy to buy more but unfortunately my budget is not letting me to go as per my desire levels.
Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
The current price is actually a good price especially if your strategy would be a long term hodl. If you still aren't sure about your decision then don't put your funds all in. Just invest what you could afford to lose but as for me, it still isn't too late to buy because the market could still reach the best situation again.
Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
I admit that going all-in might be risky but then if you have some capital that you don't need to rotate for survival then you can easily block it by buying Bitcoins since the value will certainly go up at some time in the future. If the funds you are investing in are required by you for daily trading and survival then going all-in is really not worth it and you will breathe heavily once the price chart goes down. Now the prices are going up again, it's not the best time to get in because the prices will probably go down again more than ever and if that time ever comes probably getting in that price is the best course of action.
Might happen but I feel that after the recent bear run the prices should only go upwards because the prices went way below they should have. I feel all the FUD about the energy consumption got into the mind of people and they sold all their coins. Now I am waiting for the price to get back around the ATH and watch the faces of those who were yelling bitcoin is going to die and has no futuristic value.I never suggest to anyone when to BUY or when to SELL but it is quite obvious that if you have bought cheaper and the price went even further down, just wait it out because we all know sooner or later it will get back up. Panic selling and closing trades in loss is one of the dumbest things one could have done given we already saw $55k and more just a few months ago.
Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
If you are ready to go all-in, this means that your attitude to trading is comparable to a casino, where technical analysis is really not needed. In this case, the probability of getting a profit is 50%. But if luck is not on your side, your trade will end with the liquidation of your balance.
snip..
Bitcoin aren't for crybabies that uses emotions everytime they are in trouble which will tend them to lose more. Risk management should be their primary skills in the first place before they want to join the market. Bitcoin price is always unpredictable and if you don't know how to manage your funds well, you will surely lose it all but people are too greedy to think they could just invest then run away with millions as if that's how the market gonna work.The high volatility makes it very unpredictable to those who have invested Bitcoin but if they have the right set of skills and knowledge they will make money from it. That's why it's not for crybabies.
Everything should be ready, knowledge, skills, and most especially, the willingness to lose our money. Trading is not just we are milking the market, but it might possible that the market is milking us. We can't really underestimate the volatility of the market because that is the main reason why many traders had to lose their money.
if we are not able to provide these things before going to trading, we therefore not expect a good result.
The high volatility makes it very unpredictable to those who have invested Bitcoin but if they have the right set of skills and knowledge they will make money from it. That's why it's not for crybabies.
This has nothing to do with "crybabies", but rather with the personal attitude towards the capital invested. Imagine you take out a loan to buy 5 BTC and then see how BTC dropped from 50k to 30k. Of course you throw away your nerves and try to save your capital, in such situations only a few of us have the courage to sit out the drop and watch his own capital melt away. Now imagine the same situation where you spent a total of $100 on 5 BTC in 2012. You probably don't care about a drop from 50k to 30k because you have experienced many such drops yourself and you have already recovered your (very small) investment.
There's a reason jobs with hazard are paid higher than those with little or no hazard at all. It's the same thing that happens with investments in cryptocurrencies. Yes, crypto comes with unmitigated risks because of it's volatility nature the same way its ROI is enticing. In all of this, it behooves anyone trying to make headway into crypto to first acquire the relevant skills set for it. That way it will help reduce the unnecessary risk and waste of capital as the person involved knows what to expect and all that.
Bitcoin aren't for crybabies that uses emotions everytime they are in trouble which will tend them to lose more. Risk management should be their primary skills in the first place before they want to join the market. Bitcoin price is always unpredictable and if you don't know how to manage your funds well, you will surely lose it all but people are too greedy to think they could just invest then run away with millions as if that's how the market gonna work.The high volatility makes it very unpredictable to those who have invested Bitcoin but if they have the right set of skills and knowledge they will make money from it. That's why it's not for crybabies.
Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
Going all in if you can afford to loose your money? Does that make it a spare money?In some way it does but, then my issue with this is in the fact that, having the mindset of the lots of coins you would have earned in cause of a rise from the previous fall could be greed setting in and in many ways that could be that.
You begin to regret over making a little when you feel going all in could have been more. Yes, it could have been more but, have you taken the time to consider if it actually fell and what could have been lost to have gone all in?
Profit is profit and most of all, its an indication that you made some god investment and to that note, you should be contented with the fact that, you actually won with the market rather having regrets over some missed coins. It would be a bad way to treat yourself over a win.
Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
You should not do that if you have lost your money then regret will definitely happen, it's better to play safe and stay patient in dealing with this, remember greed will lead us to the same hole and this will make you more devastated to buy coins that are not worth it.We need time to take the right and big profits later, I think we need strong analysis to assess how this coin moves, there is no need to rush I am sure we all know these fluctuations can make us a little relieved because the price is still a little up and down.
many people are complaining every time the price drops a lot and think they missed a great opportunity that they will not have other opportunity, but this is not true and time always shows that when the price drops to a certain support, one day it can come back to touch this support. see the example of $31000 - $28000:
there are 5 buying opportunities that people had and with chances of selling at $37000 to $39,000 and would return to buy at $31000 to $28000
I didn't really check the history these days but this is confirming what I already assumed. It is historical data so this doesn't say anything about the past, and since we are not jedi neither we can talk in absolutes as well there are 5 buying opportunities that people had and with chances of selling at $37000 to $39,000 and would return to buy at $31000 to $28000
. Bitcoin had so many ups and downs these days, I knew that if you are a good trader you could have made some profit this way.Just to calculate, let's say you started out with 10k and bought bitcoin when it first reached 30k that means you would have around 0.3333 bitcoin, and you sold it when it reached 40k that means around 13.2k dollars, then you buy again at 30k that is 0.44 bitcoin, and sell at 40k, that is 17.6k and buy again at 30k which is 0.58 bitcoin and sell again at 40k that is 23.5k dollars, the most recent was 28k but let's say last one with 30k buy and 40k sell and you got yourself 31k+ dollars, yes that is right within this 1.5 month or so period, if you bought at bottom and sold at peak you would made 3x return from simple 30 to 40 moves.
There's a reason jobs with hazard are paid higher than those with little or no hazard at all. It's the same thing that happens with investments in cryptocurrencies. Yes, crypto comes with unmitigated risks because of it's volatility nature the same way its ROI is enticing. In all of this, it behooves anyone trying to make headway into crypto to first acquire the relevant skills set for it. That way it will help reduce the unnecessary risk and waste of capital as the person involved knows what to expect and all that.
many people are complaining every time the price drops a lot and think they missed a great opportunity that they will not have other opportunity, but this is not true and time always shows that when the price drops to a certain support, one day it can come back to touch this support. see the example of $31000 - $28000:
there are 5 buying opportunities that people had and with chances of selling at $37000 to $39,000 and would return to buy at $31000 to $28000
there are 5 buying opportunities that people had and with chances of selling at $37000 to $39,000 and would return to buy at $31000 to $28000
Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
People always change their minds after the fact. When they sell and it's crashing they feel relieved, but then it goes up and they are full of regrets. They knew it could happen so there's no point in dwelling upon it.
I agree OP this is only for people who don't give a shit and can walk away knowing their portfolio is worth 20% less. You just cannot fall into this spiral of reacting to market moves with a delay. You have to anticipate them or go back to holding.
I agree OP this is only for people who don't give a shit and can walk away knowing their portfolio is worth 20% less. You just cannot fall into this spiral of reacting to market moves with a delay. You have to anticipate them or go back to holding.
This proves out that this market is way too unpredictable.Its a matter of risk taking if you do really like to profit.
It's common and usual, that's the main character of bitcoin. Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.Crypto trading is not just only of having knowledge and skills but it is a matter of trust and confidence and too sad that many were still don't have it. Well, that's their choice and we can't urge people to stay positive, and they don't have the right to blame the market for their losses because it was their fault in the first place.
Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.
It might seem beautiful for the people who are looking for another round of opportunity to buy more for cheaper prices but for the people who are trading actively and have bought around ATH must be a pain in heart. When we are fully aware of fundamentals of bitcoin then definitely will stay more confident about the recovery of markets so that we might go happily to make use of such dips.Jump to: