Having your own analysis can be considered as a speculation so I think it’s very normal for a trader and investor to speculate the price no matter how good the coin is.
Yes Bitcoin will continue to rise in the long run but if you want to be more profitable, I suggest to continue speculate the price and know when is the best time to buy instead of relying to the news alone which I think is not a good mindset for an investor.
That is what many people failed to understand. The cryptocurrency industry by its nature is purely speculative and there's no hoe you will be in the industry that you don't speculate in one way or the other. No one knows where the bottom will be, as a matter of fact we don't know what price bitcoin will be at on 15th November, 2022. The only way out is to continue to speculate. And people whose speculations are more accurate rules the industry.
So, it is high time we began to deal with speculation, FUD, FOMO etc because they are part of the cryptocurrency industry and they will remain with it as long as it exists.
I accept the fact that the entire cryptocurrency industry is speculative, but also it is more speculative to those who make it a short-term priority to predict the price and those that fall into that category.
1: passive traders, because they always base their entry on
speculated Bitcoin price.
2: short term investors
But as a long-term Bitcoin holder, you will become less concerned with the short-term price but become more focused on Bitcoin's long-term value.
So it does simply tells us that there are different type of traders whom do deal up with the market on different manner but in overall essence and goals/targets in mind then it would
really be sticking out on the same motive which is to make profits or money.
Its true that we can be at peace with Bitcoin but doesnt mean that it would really be giving out assurance that it would really be positive in the future.
This is why there are really investors who do look for other alternative or options which they cant really just stick with Bitcoin.
They are really finding other opportunities which could possibly bring them some profits.
Yes, that is the obvious goal for the majority of us, make money and profits from trading.
But there are people who doesn't like to trade, maybe they think it's a complicated thing to do, which is true and it's hard to start with. You need to have that capital to play and then the time to spend in front of your computer and have some background on technical analysis as well.
So what the majority do or at least in my end, is just to invest on BTC, through DCA and I will be good without having the difficult to trade and give me headache in the end if I lose or do something wrong in my trades.
