Too risky to leave BTC right now - page 3.

Smartvirus

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Quote from: KiaKia on October 07, 2022, 10:25:55 AM

remember, when people are calling for the exact same thing the opposite always happens.

Do not sit back and do nothing

I agree that you shouldn't seat back and do nothing but, the point were the opposite of popular demands is what I don't so much understand as to how, the opposite is always the reality. Popular opinions and demands often plays out but, I don't think majority of investors hope to see bitcoin at $10k before they would accept it to have hit the dip and start buying.

Bitcoin already made a dip at $17k few months back, there might be a few thy still don't agree with that to be the dip but, I do think that's it and it would continueto struggle until it hits a pumps some more in preparation for a bull run.

Hence, looking and procrastinating on when it's best to invest won't do you no good. Start where you can and with your spare cash too then, be ready to wait for the bullrun to occur.

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Quote from: KiaKia on October 07, 2022, 10:25:55 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

Just don't mind them and mind your own business as you get and set to hold for more bitcoin. Them, are still waiting for it to go down, we don't know if there will be some major push that's about to happen and while they're still aiming for that and ignoring the opportunity that has already been there, they'll stick to what they're planning to do. Whether it will be on Mondays or any day of the week, as long as they have started their own accumulation and keeps to be focused doing the DCA strategy.

Rruchi man

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Quote from: KiaKia on October 07, 2022, 10:25:55 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.

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I mean, you should be investing for you, and that should be done under the conditions that you've basically researched thoroughly, and maintain a somewhat unbiased take on the market situation. I literally, don't follow one Bitcoin centric news site, I don't read Bitcoin news other than what's posted here on the forum, and even then I don't let that influence why I got into Bitcoin, and the reason I've still got Bitcoin to this day.

Also, anyone that claims x price is talking through their arse. There's a certain point that charts doesn't help you. They're always based on assumption, and past happenings. However, we aren't in the same position we were six months ago, let alone a year ago. I keep saying it, but we're in unprecedented times, and no one really knows the short term direction we're going in.

However, I think can somewhat predict the long term outcome to a certain degree of certainty.

Alisha-k

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I agree with you OP buying now no matter how small the fraction may be just keep adding to your wallet and hodl. It's really hard to tell how accurate all this speculations about price hitting $10,000 can be. At this point Bitcoin price has dipped enough and anything can happen. This is a point in the market no one will want to be left behind. I will suggest instead of wait till $10,000 to buy just buy a fraction regularly that way even if it dips further the risk will be worth taking.

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Quote from: KiaKia on October 07, 2022, 10:25:55 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

Its just assumption and you cannot say anything accurate to what people's sentiment at that time since its different scenario where market is in bullish since many people hope for more great things to happen. Also in bearish season we cannot also say that recovery might happen because we cannot still predict the outcome and might we could see the market dump more if more worst case situation occurs especially right now we are in crisis.

Z390

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It is what it is, even big crypto influencers call for 150k per BTC in the bull market, you don't have to follow anyone's predictions because that's what it is, the truth is how will they lure more investors to invest when they are planning to take out their own money? Only those who bought at ATH will be at lose, now that BTC have lost over 70% of its value it's already a good buying opportunity, people are buying you are not just seeing it is all.

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Quote from: KiaKia on October 07, 2022, 10:25:55 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

The majority of individuals have accumulated at this time in a bear market, and the price is scaring them to sell. Trading attitude is a different matter entirely; you have already made up your mind when investing in the bitcoin image. How do you feel if you buy a coin for 20 dollars and it drops to 7 or 5 dollars? It will be a tremendous loss. Don't even let the thought of selling a coin enter your mind when investing; instead, practice patience and learn to hold onto a position indefinitely (HODL) regardless of the coin's condition. Most investors in bitcoin borrow money, which might get them into problems. Don't borrow money to invest, and don't use your life savings to invest either; if you have another source of income, that's really excellent since it keeps you from having to attempt to sell. While trying to pay back most people have lost all of their assets to banks and individuals.

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Goodnight, o_e_l_e_o 🌹

Quote from: 348Judah on October 07, 2022, 10:42:15 AM

Are you seriously moved by other's assumption? why not do your own research to find out what next could happen to bitcoin price any moment forward, if we are all to follow what the news and government says about bitcoin then we might all have dump it down...

I can say that the phrase Do Your Own Research (DYOR) is somewhat ambitious and as well could mean different things to different people. You cannot separate the crypto market and news. News is the fundamental and it's one of the things that drive the market. News is the FUD. It helps the industry and it also fights it. You cannot keep deaf ears to rumors and people's assumptions all in the name of doing your own research.
Personally, my first point of research is listening to what people believe will happen, then I'll draw a semi conclusion from the samples gotten.

Quote from: Z-tight on October 07, 2022, 11:28:24 AM

Do you have anything to convince us that many people are calling for this before they buy, everyone wants to buy at a low price if the opportunity comes, but i don't think many people are waiting for 10k usd per BTC before they buy, people are buying now.

He doesn't need to convince you, read around the forum and you will be shocked that people are waiting for $3500 Grin

Many people are not buying bitcoin honestly, they are waiting for their comfortable bottom. While few are buying with DCA.

Z-tight

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Quote from: KiaKia on October 07, 2022, 10:25:55 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

Do you have anything to convince us that many people are calling for this before they buy, everyone wants to buy at a low price if the opportunity comes, but i don't think many people are waiting for 10k usd per BTC before they buy, people are buying now. But there is something that usually happens, you see those people that aren't buying now maybe because of some fud or the other, they would start fomo buying when price starts to go up.

Quote from: KiaKia on October 07, 2022, 10:25:55 AM

the best way to deal with this is start buying BTC every week, maybe on Mondays?

It musn't be Monday's, let people DCA in the way it is best expedient for them.

Quote from: KiaKia on October 07, 2022, 10:25:55 AM

remember, when people are calling for the exact same thing the opposite always happens.

I don't know if this principle works with other things of life, but it doesn't with BTC, it is a bad way to try to analyse the movement of the price.

Shamm

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Quote from: KiaKia on October 07, 2022, 10:25:55 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.

348Judah

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Are you seriously moved by other's assumption? why not do your own research to find out what next could happen to bitcoin price any moment forward, if we are all to follow what the news and government says about bitcoin then we might all have dump it down, you quite alright know what you're looking for which the government or people can't afford to give you, bitcoin can do so with your investment, check the price volatility from 2009 to 2022 and see how the progress has been felt in a big way, another thing you could is to check the beginning of the year to where we are now, you could discover that bitcoin price fall and rises while the major event of halving also can give you more confidence that better days awaits bitcoin to jump up breaking the limit of it all time high price where we could have more than $68k and beyond.

KiaKia

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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

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