Topic: What do you think ? Is this an opportunity to get in or get out - page 7. (Read 4218 times)
I think it is time to leave, in the short term it will have a correction or fall to 6,000 but in the medium or long term it will keep going up
Bitcoin has become more popular in the financial world due to its sudden growth but When I see exchanges there is a high percentage of people who are trying to sell there Bitcoins to make temporary gains using current price increase and some fear this is a temporary situation so they use this moment to abandon the market but My personal opinion is they doesn't understand this is a time that any investor should invest more into Bitcoins because after along time BTC has shown us it is not a Bubble or just another financial failure so as investors we should have a clear understanding in order to make this opportunity an advantage
That is just normal. They are traders and they need to get their profit every time the market allows them to do so. If you are an investor or just an hodler, then you can wait until the market price hits a new all-time high. But you cannot force that to traders.
Anytime you see the price of bitcoin reducing at some great extent that is a right time to purchase some and invest into it. Don't wait till you see it going up before you invest into it, you are likely to be rekt in a short while and when you are also not patient enough you would later sell it again and it would rise leaving you at a double loss. Bought in expensive and sold cheap
Investing in Bitcoin either short term or long term does not really matter if now is the opportunity or not. With cryptocurrency especially Bitcoin, every time or day is an opportunity to invest in. All you need is knowledge and understanding on how the entire bitcoin ecosystem works and the contributing factors affecting the market price of the coin. With this, you can develop strategies to meet your investment plans.
This is definitely an opportunity for one to buy and accumulate more bitcoins. I know bitcoin price has been down a long while and that has really gotten so many people scared and now that price has increased to a reasonable percent, lots of persons are selling to make gains with the fear that price may go down again soon enough but then we all know bitcoin has lots of prospect and will surely grow beyond the height it has reached currently. As for me am buying more bitcoins to hodl and i advice you do so also.
Somehow it looks like we are always at the begininig when it comes to Bitcoin. Although now there are many experienced users, there are also newbies too so it seems like we are always learning the basics.
Bitcoin is volatile, price is changing all the time although sometimes it doesn't look so. So there are periods when the price is up and when it's down and such phases come in intervals. So what you will decide in certain moment it's up to you and that doesn't mean that opportunity that you have is one time only.
Bitcoin is volatile, price is changing all the time although sometimes it doesn't look so. So there are periods when the price is up and when it's down and such phases come in intervals. So what you will decide in certain moment it's up to you and that doesn't mean that opportunity that you have is one time only.
This is an old debate. While some people sell their coins to make fast profit, others say they shouldn't as the price can be much higher! The point is that we don't have control over every investors actions. If one of them (that holds many coins) starts selling, others have to follow him, or they will lose money.
And then it becomes a chain leading the price down. It's not investors fault, they are just following the movement of the market.
And then it becomes a chain leading the price down. It's not investors fault, they are just following the movement of the market.
This would be just my opinion. If you are a newbie who have luckily bought BTC at around 3,000-4000$ (or even 5,000$) then I think this is the best time for you to cash out your profits before you even become more confident without any knowledge of doing what to do next. Of course the consequences of you doing that is you being left out when the prices starts moving upwards after you sell your holdings but it's better than being trapped with 0 gains from the months you have hodl your position. Just my advice with the last bear market I hope you learned from the past newbies who have blamed it on cryptocurrencies on why they lose money even though its in their own decision making.
Some people still afraid to use the moment to buy more bitcoin and they only wait if the price can jump in the next minute.
But they could be wrong because the price will still like this and if we don't use this as our chance, we will miss the right time to make a big profit.
But I know why they are afraid to invest in bitcoin right now and it because of bitcoin price still not giving a clear direction on where bitcoin wants to go because bitcoin price has down deeper than yesterday.
I hope that what we invest today will give us a big profit in the next month so it will return our money plus the profit.
But they could be wrong because the price will still like this and if we don't use this as our chance, we will miss the right time to make a big profit.
But I know why they are afraid to invest in bitcoin right now and it because of bitcoin price still not giving a clear direction on where bitcoin wants to go because bitcoin price has down deeper than yesterday.
I hope that what we invest today will give us a big profit in the next month so it will return our money plus the profit.
We have different call on this market if its the right time for others to get out, they will do as they please and what they think suits them. And to those that abandons the market, they might or not might know what they do. This market is full of emotions if you are weak on it, you will have an exit so early. But if you had experienced the bear market, I think that will make you a better person when it comes to decision making because you have witnessed the baddest and you are witnessing currently the good days. Opportunity as it is for enthusiasts and believers.
You also have to understand the risk involved here. Bitcoin nature's is very volatile, totally unpredictable, you can't just dart in and out and think that you can profit that way. You should have trading plans, entry and exit strategy. It did bubble and eventually burst in 2018, assets like this can't go on parabolic, sooner or later a correction would happen. But the thing is, even though it has been burst, it's so resilient that it was able to get up again, and then the cycle repeats.
For those who were stuck for quite some time now, say $10k levels, I wouldn't let them call it quits and just wait for the next coming months. With a lot of things lined up for bitcoin I don't think it will be difficult for the price to jump the said price range and establish a comfortable footing from there. Getting in on the market is also fine, too, though do it during the lows of the day in order to not get stuck for too long or bear huge losses should the price climb back down abruptly.
Everyone is allowed to get in or get out regardless or every market situation. It depends on how we deal with possible changes. We can do the basic way of trading but the decision is ours to hold or to sell especially during uncertain situations.
There were times when we want to hodl but we are forced by the situation to sell.
There were times when we want to hodl but we are forced by the situation to sell.
It is the size of your pocket which will decide this nothing else! If you have extra income and extra savings, you should get in. If you don't have resources, it is better not to get in with peak.
Bitcoin has become more popular in the financial world due to its sudden growth
but also had a great fall of price, which shows that it can rise a lot or fall a lot. something that people should always do planning when they go to buy bitcoin
but When I see exchanges there is a high percentage of people who are trying to sell there Bitcoins to make temporary gains using current price increase and some fear this is a temporary situation so they use this moment to abandon the market
This is normal, people are looking for profits
but My personal opinion is they doesn't understand this is a time that any investor should invest more into Bitcoins because after along time BTC has shown us it is not a Bubble or just another financial failure so as investors we should have a clear understanding in order to make this opportunity an advantage
always have someone to sell and always have someone to buy, that's how the market works
Honestly, no one can give you a perfect answer op. You will have to decide for yourself since it is your money that you are risking which is why you need to do your research. Do you wish to HODL or day trade?
Do you have a problem with losing all of your money? Take and your time and decide whether to get in or out.
Do you have a problem with losing all of your money? Take and your time and decide whether to get in or out.
Bitcoin has become more popular in the financial world due to its sudden growth but When I see exchanges there is a high percentage of people who are trying to sell there Bitcoins to make temporary gains using current price increase and some fear this is a temporary situation so they use this moment to abandon the market but My personal opinion is they doesn't understand this is a time that any investor should invest more into Bitcoins because after along time BTC has shown us it is not a Bubble or just another financial failure so as investors we should have a clear understanding in order to make this opportunity an advantage
You are seeing only one side of the picture and you don't have great visibility on the market. Bitcoin price is increasing because the demand is increasing. Whenever a person is sell8ng some bitcoins, there is someone else in the market who is buying that bitcoin. You can't really clap using one hand, you will always need two hands for that!
So more people are now buying bitcoins than the number of people selling it! I have just given you better visibility on what's happening in the market. Now it's upto you to decide whether ti get in or get out!
Bitcoin has become more popular in the financial world due to its sudden growth but When I see exchanges there is a high percentage of people who are trying to sell there Bitcoins to make temporary gains using current price increase and some fear this is a temporary situation so they use this moment to abandon the market but My personal opinion is they doesn't understand this is a time that any investor should invest more into Bitcoins because after along time BTC has shown us it is not a Bubble or just another financial failure so as investors we should have a clear understanding in order to make this opportunity an advantage
You are the only who can make a "better answer" on your own concern.
Try to analyzed things and determined the "what if?".
Different people have different approaches and strategy. We don't know why they are buying, why they are buying, why there are hodling etc. In other words, don't bother them and focus on your own.
One of the golden rules of cryptocurrency is that you never buy when prices are going up, mainly because chances of going down are extremely high...But all of that changes if you're planning to HODL for the long-term when prices could touch the 5-figures again (10k and above). Then I'd say this is an "ok" opportunity to get in.
I say ok because a 'correction' could appear out of nowhere taking us back to 7k or lower (making you regret buying at current prices), but that's a risk you'll have to take.
I say ok because a 'correction' could appear out of nowhere taking us back to 7k or lower (making you regret buying at current prices), but that's a risk you'll have to take.
Well, anyone has their personal choice of buying or either selling. They have their own belief and decisions. Some of them might need to sell their coins for an important purpose. As for me, as long as we can hold while the market situation is going better, then it's our choice. But if we're contented with the profit that we have set, then it's our choice to sell.
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