Too risky to leave BTC right now - page 2.

Awaklara

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Quote from: KiaKia on October 19, 2022, 02:18:57 AM

we have to ease our risks by investing gradually as the market price goes down.

the strategy you use to own more BTC assets by buying incrementally is pretty good. I guess a lot of traders and investors do too.
but everyone has a different way and strategy. Some investors go all in with all their money with one buy in the market. then he leaves the market until his appointed time. some buy gradually when the decline continues. like you do. but some people are afraid to start because of the risk of a deeper decline and also limited capital.

KiaKia

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Quote from: Shamm on October 07, 2022, 11:59:43 AM

Quote from: KiaKia on October 07, 2022, 11:25:55 AM

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying, it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the same thing the opposite always happens.

Do not sit back and do nothing

Honestly OP the price of BTC is volatile which means you can not access it anytime or know that the price will go up higher or lower, in short, it depends on the market. So if other said that they will buy BTC is the price will go down as they expected then that's their decision. But for me now is a good time to buy because the price is lower 2x than almost a year ago which the btc price is reaching $60k.

Exactly, I'm happy someone fully understand why I created this topic, I will still stand on my point, if you aren't already dollar cost average into BTC you are making a huge mistake, the useful ness of stable coins is to take advantage of the market but since no one can predict where market is headed we have to ease our risks by investing gradually as the market price goes down.

suzanne5223

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Quote from: Gosgosking on October 10, 2022, 01:55:25 PM

Some people are just greedy. The price of bitcoin is cheap that it can be affordable but some people still want the price to go dip. The best thing to do is to buy bitcoin in every dip, it is good opportunity that can be missed. No one knows if anyany moment we will be out from the dip.

It's never about being greedy in some cases but the level of knowledge and experience some investors had about the Bitcoin market during the bearish market.
If we are judged based on the previous market trend of Bitcoin when it is a total market correction, those that expect the price of Bitcoin to dip into the $10,000 price range are not greedy. However, it is good to seize the current opportunity the market presented.

Gosgosking

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Quote from: Rruchi man on October 07, 2022, 06:05:55 PM

Quote from: KiaKia on October 07, 2022, 11:25:55 AM

It's way too risky to be out of bitcoin right now

It is also risky and will be regrettable if we don't take advantage of this dip in price of bitcoin right now. It is also risky to want to buy bitcoins now and not have an updated knowledge about how to buy profitably. It will be risky also to get scared and bail out on bitcoins now because it may not look promising for the shortsighted. Likewise it is risky to keep holding bitcoins. Bottom line is choose your risk wisely.

Some people are just greedy. The price of bitcoin is cheap that it can be affordable but some people still want the price to go dip. The best thing to do is to buy bitcoin in every dip, it is good opportunity that can be missed. No one knows if anyany moment we will be out from the dip.

Gallar

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I agree, if now is the right time to buy bitcoin, because bitcoin is going down in price.
but not a lot at once, little by little.

if the price goes down a bit, buy immediately, and don't buy when it goes up even a little.

Darker45

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Although $10,000 is possible, I guess it is more likely for Bitcoin to reach $30,000 than fall to as low as $10,000. October is probably a better month. And probably the rest of the remaining months of the year would also be better months. So I don't see a $10,000 coming. If it happens, it wouldn't be within 2022. I'm not sure if there would still be a huge fall before the halving in 2024, but, again, $10,000 is probably too far down.

TelolettOm

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

-snip- it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays?

Why we should buy BTC on Monday? The price drops not always on Monday, sometimes the price drops in the middle or at the end of the week. So, there is no exact day to buy Bitcoin, it depends on the current trend in the market. You also must know that it is not a must to always buy Bitcoin every week. If it seems not a really good time to buy, don't force yourself to purchase Bitcoin. We must be careful, don't do panic buying.

nurilham

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Try to be wiser and also have anticipation in every expectation that we have. This time, Bitcin is still in a state of decline during the Bear Market. However, we still don't really understand what the real bottom of Bitcoin is. Then, are we just going to wait until the Bitcoin price reaches that number? what if it doesn't work? Aren't we going to regret it later?

For this reason, we as investors certainly have various strategies for investing in Bitcoin. I'm not saying that DCA is the best and must be done, but I personally choose to do DCA because of its various benefits and pros. In this case, we have at least tried to deal with the price going down or not at a certain rate.

Eureka_07

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

Well if someone is yet to invest on bitcoin, I can't figure out the relevance of the "risk to leave Bitcoin right now". That someone could only have the risk on leaving BTC if he/she has an investment into it and he feel the need/he wants to sell his btc on a lower price after buying it with the market potentially going up for example.

It's crazy to know some people are waiting for Bitcoin to go down to $3500. I did not expected that.

isaac_clarke22

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

~

Please avoid making assumption just because other's people called it. There's no specific days in a week where you could be best buying or even selling Bitcoin and no, it won't make anyone feel better since expectations will come through and they would think that "oh Bitcoin would be around this price next week."

If you're a long-term holder or even a "hodler", you're going to be fine.
Source? My own experience since early 2017.

Obari

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Quote from: Shamm on October 07, 2022, 11:59:43 AM

Quote from: KiaKia on October 07, 2022, 11:25:55 AM

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying,

But for me now is a good time to buy because the price is lower 2x than almost a year ago which the btc price is reaching $60k.

It seems the OP is just trying to predict the price of Bitcoin from assumption, which is definitely very wrong because Bitcoin as we know, is very volatile and it's price is been determined by a whole lots of factors which even assumption isn't one. People asking for Bitcoin at a certain price shouldn't be a cause for alarm as Bitcoin has already come to stay and it is at the bear market that a trader or an investor is term good or seasonal.

There is no wrong time to buy Bitcoin as it is always advised to buy as much Bitcoin as we could at every time we could, but always have the mindset of buying low and selling high. And it is indeed very risky staying out of crypto because in 5 years time we would look back today and wish we bought more at this price.

Luzin

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Quote from: Daniel91 on October 08, 2022, 08:48:27 AM

Bitcoin should be viewed like any other investment, make a clear investment plan after a detailed market analysis and have a clear exit strategy, and stick to it until the end.
The biggest enemy of every investor is his emotions. Everyone must learn to control their emotions and make rational decisions.

Those who have known Bitcoin for a long time already understand how it moves. So too much panic it won't happen to old people, I think only new people will become impatient. The old investors have experienced a period of halving that keeps repeating itself, it will be a strong foundation for keeping a belief. As you say Emotions are a major factor in trading. When you are able to control your emotions then you can become a good trader. In fact, I am currently 7 years old in Bitcoin. But That emotion is so hard to control, I'm still learning at the moment.

Lucius

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

...the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Why on Monday? It somehow seems to me that the price of BTC is the highest on Mondays, and the lowest at the end of the week, but maybe it just seems that way to me. Besides, for someone who invests small amounts on a weekly basis, it doesn't make much sense whether the price is $19 500 or $20 000 - so it doesn't matter whether it's Monday or Friday Wink

When you talk about risk, you should keep in mind that the risk of someone who invested in Bitcoin a long time ago and someone who did it this year or last year is not even close to the same. For some people, the exit point at this moment is no risk - because if it's only about profit, I'm sure that a few million less or more is not something that hurts your head if you're sipping a cocktail in the shade of palm trees on some exotic island Cool

Coin_trader

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I don’t see the risk on what you implying on this topic. People will just missed profit in case they will sold or avoid investing Bitcoin but there is no risk of losing money in case they missed the profit opportunity because they still didn't get that profit to begin with. We are just talking opportunity here and it's really frustrating to be left behind if Bitcoin pump just because we are scared that Bitcoin will go deeper while we all know that Bitcoin price always come back on top on certain time.

Crypto people including newbie just need to trust on the crypto cycle to avoid this kind of fear on Bitcoin investment so that they can sleep tight without thinking about there Bitcoin investment. Been there when I was newbie and gladly I decided to just hold during bear season while focusing on my own career to give me distraction on checking frequently my holdings. Cheesy

aysg76

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying, it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Do not sit back and do nothing

Tell me first that do you invest on calls and guidance of other people? If this is thing that other people influence can make you buy/sell then you should not involve in this market because it's the whole time manipulated and those who are calling bitcoin to $10k now have no base for their nonsense talking so don't believe in them.

We have seen bottom and we can go little bit lower then that but if you see bitcoin as a long term investment tool and see it's future growth you would believe in it not on others saying.As you said weekly or monthly investment they are best because I myself have been DCA investor and speaking frankly it's really good way to invest your funds and you can accumulate more in the long run when prices will be way higher.

People have the opinion that bitcoin can make them rich within few months but it's not true because we have bull and bear cycle both in the market and you can make profits in bull market and investment for the same profit in these bearish time so choice is yours because whales want to dump coins on you to buy at even less making more out of your pockets.So invest and hold for long term in bitcoin.

Daniel91

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying, it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Do not sit back and do nothing

First of all, bitcoin should be viewed as a long-term project and trends and movements of bitcoin should be analyzed for a longer period of time.
Many people write all kinds of things about bitcoin, they are euphoric when bitcoin goes up or they panic when bitcoin goes down. These are all nonsense that should be avoided.
Bitcoin should be viewed like any other investment, make a clear investment plan after a detailed market analysis and have a clear exit strategy, and stick to it until the end.
The biggest enemy of every investor is his emotions. Everyone must learn to control their emotions and make rational decisions.

Crypt0Gore

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Quote from: Ihugbogo on October 07, 2022, 07:35:38 PM

Quote from: KiaKia on October 07, 2022, 11:25:55 AM

the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

My people always says "Nah who get food to chop they save" (Its who, who have food to eat that will save for investment)
Everyone has he or her own strategy of buying and holding btc, as for me buying btc every there and then is not a best option and 2ndly the fund which we use in buying the btc where are they stock. what if the price go down below what they actually where before your first purchase?.
At my current status unless miracle happens btc is the last coin am thinking of buying currently, because it will make no meaning or add no much value if i buy btc worth 100$ now and when btc hits 25k$ i will only make small or very little % of profit. i preferer accumulating other altcoins like matic than btc

BTC is a more reliable store of value than Matic, you said what if BTC falls more so I will ask you what if Matic falls even more because that's always the case with altcoins when BTC loses more value, if BTC loses 10% altcoins will lose 20% and more, there you have it, altcoins have the biggest risk.

tranthidung

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying

Missing a train and a chance to earn profit is not risky. It is different than when you take risk and get loss later. The first situation (what you're discussing) is only missing a chance, and you won't lose your initial capital so no risk with that situation.

Quote

it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

It is better to apply DCA (Dollar Cost Averaging) Bitcoin and consider it as a long term investment. When you DCA, you have to prepare your regular capital for your DCA and fortunately you don't have to get headache when considering what price is good or perfect to buy Bitcoin.

Website for DCA: https://dcabtc.com/

Charles-Tim

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If I do not invest in bitcoin, what is risky about it? Nothing. But this could be indirect as well because someone can wait until bitcoin has low price already, waiting for a price that bitcoin may not fall to, but the bull run start and the price got so high again, leading to the person to fomo and invest at high price that could be a bull trap. I too would encourage people to hold now, the price is already low, but less than $20000 is still possible again and again until certain time that would be close to all-time-high.

Ihugbogo

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Quote from: KiaKia on October 07, 2022, 11:25:55 AM

the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

My people always says "Nah who get food to chop they save" (Its who, who have food to eat that will save for investment)
Everyone has he or her own strategy of buying and holding btc, as for me buying btc every there and then is not a best option and 2ndly the fund which we use in buying the btc where are they stock. what if the price go down below what they actually where before your first purchase?.
At my current status unless miracle happens btc is the last coin am thinking of buying currently, because it will make no meaning or add no much value if i buy btc worth 100$ now and when btc hits 25k$ i will only make small or very little % of profit. i preferer accumulating other altcoins like matic than btc

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