Why speculate when you can be at peace with Bitcoin - page 6.

Oceat

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Quote from: TravelMug on October 11, 2022, 04:16:49 PM

Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

Yes, we don't want to complicate things isn't it? But there are traders or speculators who want's to play in this game though, because for them this is like a game and if you are very competitive you are going to be up to the challenge study the volatility as per TA and then make your own speculations as to where the price will move, anticipate and then make money. And so that is the most important for them, the end result, profits.

Just like how they manipulate the price, right? Those are whales playing this speculation game because the more they manipulate the price the more will flip and the result will always be a profit for them. That's why Bitcoin price is always unpredictable because of its high volatility.

Speculators are always present in this market since they are the ones that would like to change the outcome of the market by creating such pressure through the News.

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Quote from: tabas on October 12, 2022, 05:22:02 PM

Quote from: goaldigger on October 12, 2022, 04:40:44 PM

Quote from: tabas on October 12, 2022, 04:23:53 PM

Bitcoin is a speculative asset and if you don't like to speculate, it's okay. But the others can't be stopped by speculating the price of bitcoin because that's normal on it. It's true that we're at peace if we hold bitcoin because out of all the cryptos out there, this is what dictates the entire market for crypto. There's a safer thought of holding bitcoin and having it seated for a long time without worries because we know at the end of it, there will be an increase value of it due to its nature which includes the halving.

Bitcoin seems to be the safest coin for long term but then again, anything can happen so I suggest to hold wisely and always have a target price to take profit. This is a speculative market, we speculate the risk and future trend and this is very common and normal scenario on any market. We can’t speculate if the coin is very stagnant or if its a stablecoin, Bitcoin is very volatile and speculation is the normal strategy to catch up the trend. Many still believe on someones speculation by analyzing it on their own, that’s a more wise thing to do so you can win in this market.

We all have that price target until when we're going to sell. That's how we're going to proceed in the future and in the hopes of holding it until that day comes.
Holding is a patience game and those that can't take it anymore will have to sell at losses if they have to or if they're at profit, they will never know if they've maxed it out.

We've seen the condition into those people who had hold for a very long time specially into those early adopters which they had been rewarded that much considering that the value had risen up that high.

When you are just going for long term with Bitcoin then its true that you should really be at peace on whatever price you might able to buy in but just like on what others been saying that you would really be longing

for the cheapest price for you to utilize the profits you would make but those are just for short term span of time but if you are really that holding for decades
then you wont really be stressing yourself out.

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Quote from: goaldigger on October 12, 2022, 04:40:44 PM

Quote from: tabas on October 12, 2022, 04:23:53 PM

Bitcoin is a speculative asset and if you don't like to speculate, it's okay. But the others can't be stopped by speculating the price of bitcoin because that's normal on it. It's true that we're at peace if we hold bitcoin because out of all the cryptos out there, this is what dictates the entire market for crypto. There's a safer thought of holding bitcoin and having it seated for a long time without worries because we know at the end of it, there will be an increase value of it due to its nature which includes the halving.

Bitcoin seems to be the safest coin for long term but then again, anything can happen so I suggest to hold wisely and always have a target price to take profit. This is a speculative market, we speculate the risk and future trend and this is very common and normal scenario on any market. We can’t speculate if the coin is very stagnant or if its a stablecoin, Bitcoin is very volatile and speculation is the normal strategy to catch up the trend. Many still believe on someones speculation by analyzing it on their own, that’s a more wise thing to do so you can win in this market.

We all have that price target until when we're going to sell. That's how we're going to proceed in the future and in the hopes of holding it until that day comes.
Holding is a patience game and those that can't take it anymore will have to sell at losses if they have to or if they're at profit, they will never know if they've maxed it out.

goaldigger

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Quote from: tabas on October 12, 2022, 04:23:53 PM

Bitcoin is a speculative asset and if you don't like to speculate, it's okay. But the others can't be stopped by speculating the price of bitcoin because that's normal on it. It's true that we're at peace if we hold bitcoin because out of all the cryptos out there, this is what dictates the entire market for crypto. There's a safer thought of holding bitcoin and having it seated for a long time without worries because we know at the end of it, there will be an increase value of it due to its nature which includes the halving.

Bitcoin seems to be the safest coin for long term but then again, anything can happen so I suggest to hold wisely and always have a target price to take profit. This is a speculative market, we speculate the risk and future trend and this is very common and normal scenario on any market. We can’t speculate if the coin is very stagnant or if its a stablecoin, Bitcoin is very volatile and speculation is the normal strategy to catch up the trend. Many still believe on someones speculation by analyzing it on their own, that’s a more wise thing to do so you can win in this market.

tabas

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Bitcoin is a speculative asset and if you don't like to speculate, it's okay. But the others can't be stopped by speculating the price of bitcoin because that's normal on it. It's true that we're at peace if we hold bitcoin because out of all the cryptos out there, this is what dictates the entire market for crypto. There's a safer thought of holding bitcoin and having it seated for a long time without worries because we know at the end of it, there will be an increase value of it due to its nature which includes the halving.

traderethereum

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I think it's because we can't know the bottom price for bitcoin and can only guess it.
Most people will buy at a price below and will buy again if the price drops again.
You can let the price drop and not buy it again if you think you are still waiting for another price bottom.
I guess that's enough to keep you waiting for the price to increase again without making another purchase when the price hits another bottom.
The important thing is that once you have bought a certain amount of satoshi, you are better off leaving the market and coming back a few days or weeks later.

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Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

Speculation can be an instrument in investing. With the speculations that we make, we can spur the ability to think to analyze market opportunities and challenges even though it will not happen 100%. For example, some exchanges delete and stop crypto assets that are considered not to meet the standards for trading.

By making speculations based on events that have happened, it makes it easier for us to track what coins are suitable for investing. In my opinion, Bitcoin remains the main choice because it is very easy. Simply buy and hold until it reaches the desired target.

CageMabok

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People have a different strategy and plan for their investment. I know people who earned a lot of money by using the speculation of crypto. Actually, it is up to the person who wants to make strategies based on their goal and market conditions and try to execute them in a different circumstances. There are plenty of opportunity in the market so it is wise to stick with your own methods and wait for it to work.

In terms of crypto investment, it is not recommended to use other people's methods if someone already has their own method of carrying out their investments. Because there are so many other people's methods that may not be very suitable for someone, so choosing to run crypto investments with your own method is a better thing and that I think is highly recommended even though everyone also needs better advice from others.

But in this case I think not all suggestions can also be used by someone if he wants to focus on investing in crypto for the long term, because he must be able to consider profitable suggestions and also what he needs. So a person must be able to assess every suggestion that comes to him so that he can choose the best advice from the many suggestions that he receives.

Silberman

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Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

What you are saying makes sense, but you are an investor at heart which is why you see things in this way, but speculators do not want the same as you, they want profits and they want to obtain them now and to not have to wait for months or even years for those profits to be reflected in their balance, so they are always trying to find the best entry point they can possible find so once the market reverses its current trend they can make profits.

Yogee

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Quote from: Odusko on October 10, 2022, 09:50:35 AM

.... I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.

Buying BTC and sitting on it for a long time is still speculating isn't it? It's a less stressful method but you just don't hold without the future benefit in mind. I mean you may not be thinking of the price on a short-term basis but you are expecting the price would continue to go up long-term.

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Quote from: Vaculin on October 11, 2022, 04:59:44 PM

Quote from: hatshepsut93 on October 10, 2022, 06:48:42 PM

Some people view market fluctuations as an opportunity to make money in a few clicks. Who doesn't dream of simply buying low and selling high instead of going to a 9-5 job? And there's a widespread perception that with some "skill" you can do just that. These people tolerate the stress of losing their money, because they believe that they are making the right move.

But generally it's smarter to ride the long trend, have your positions last for years and make a trade after some fundamental shift.

Just go along with the trend and you will never be wrong. If you think that the market condition is the right timing to buy or sell, then go for it. After all, you will learn from the consequences of your own action. However, it’s even a wiser decision if you can develop and manage your own strategy and create a good position in the market, that way you will have more chances to create even small but consistent profits.

You wouldnt really be that dumb to make out some buying decisions when the price is pumping or the entire market is on bullish.You are definitely making yourself be high prone into losing money since market could

really make out some corrections but if you do go for long term then any price would do and just like the rest been saying that it would really be that impossible that you wont really be looking for lowest price as

possible and this is what people been mostly be eyeing on.People cant really just limit out theirselves on just with BItcoin only thats why they would be tending to diversify
on altcoins as well.

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Winding down.

Quote from: hatshepsut93 on October 10, 2022, 06:48:42 PM

Some people view market fluctuations as an opportunity to make money in a few clicks. Who doesn't dream of simply buying low and selling high instead of going to a 9-5 job? And there's a widespread perception that with some "skill" you can do just that. These people tolerate the stress of losing their money, because they believe that they are making the right move.

But generally it's smarter to ride the long trend, have your positions last for years and make a trade after some fundamental shift.

Just go along with the trend and you will never be wrong. If you think that the market condition is the right timing to buy or sell, then go for it. After all, you will learn from the consequences of your own action. However, it’s even a wiser decision if you can develop and manage your own strategy and create a good position in the market, that way you will have more chances to create even small but consistent profits.

TravelMug

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Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

Yes, we don't want to complicate things isn't it? But there are traders or speculators who want's to play in this game though, because for them this is like a game and if you are very competitive you are going to be up to the challenge study the volatility as per TA and then make your own speculations as to where the price will move, anticipate and then make money. And so that is the most important for them, the end result, profits.

Sanitough

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Quote from: Vinaa77 on October 10, 2022, 03:49:09 PM

Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations

Speculation makes us excited to hold Bitcoin even though it is in a bearish state. This will convince us that Bitcoin will reach a high price. This is part of the motivation. But if it's too much, of course it will make us lose control of the asset. I think a lot of things are positive about Bitcoin speculation or speculating about anything.

Speculations may help us in some ways positively but if we also rely completely in speculations, it can also lead us into wrong decision making that will eventually ruin our investments. However, with bitcoin, we know it’s always bound for more positive news for price growth, but knowing bitcoin is still a volatile asset which makes it still risky, then we should always DYOR before jumping into conclusion to avoid unwanted losses in the end.

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Quote from: Odusko on October 10, 2022, 09:50:35 AM

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

You cannot have a peace by just buying it then seeing how the market falls especially when we are on bearish season. We see how many people crying now seeing how their investment got burned due to unforseen circumstances and that leads them to a total financial lose, so you need to speculate so that you will have doubts upon buying at whatever price you like and you would provably research more for what price is the ideal phase to enter.

Zaguru12

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Sincerely bitcoin speculation seems like its perception to me. Although it is Bitcoin and everyone knows it has a future ahead but people can't just help to have it back at a green color most especially new investors that just bought it maybe at high price or low price. As human they just want some profits that comes from it even as it offers more than that. People that I think that actually are at peace with and don't speculate are the early investors who are used to the market movement and they are at peace with it or rather have left the coins there as long time investment

Obito

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Most speculators are at peace with bitcoin, it's just that when you're not doing anything it gets boring so they speculate to pass the time, nothing wrong with it though as it can be seed to cultivate a meaningful conversation with other people.

samcrypto

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Bitcoin is not guaranteed even if its the top coin, in fact it’s very volatile and it’s too risky if you didn’t speculate you might lose some opportunity either to sell or to buy. Speculating is very normal, as long as you didn’t guess that speculation. We always look at the future and looking at other project, speculation is a big help. Have a strategy that can work for you, it’s not easy to depend on just speculation though it should be came from a good strategy.

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Actually you're explain about security, not about price.

Obviously Bitcoin has very high security and it's almost impossible to hack Bitcoin, unlike banks who have poor security and would do any censorship when the regulations force them to do.

If we talking about price, Bitcoin right now can't go up than $21K for the past few months and people who bought Bitcoin at previous ATH aren't happy. They're waiting when Bitcoin make new ATH, so they can make profit. That's why they're speculating the price every day.

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Quote from: Piesel on October 10, 2022, 11:33:55 PM

Quote from: Scripture on October 10, 2022, 04:52:54 PM

Having your own analysis can be considered as speculation so I think it’s very normal for a trader and investor to speculate on the price no matter how good the coin is.

You are right, there is no way we can do away with speculation no matter the terms we choose to use for it because making a decision on what coin to hold and the ones to leave out of the bag is a speculating process, so it doesn't mean speculation is only limited to the market analysis from other players or experts in the market.

So speculation is a part of our crypto currency life we must speculate at whatever point to come up with a better decision, but for long-term holders that can look away from the day-to-day Bitcoin market discussion, they may have some peace of mind that doesn't mean they don't speculate, they do.

Since I have been watching this market for the last few months, I have learned that it is necessary to have strong nerves to avoid speculation. It is time to start making assumptions and to join the crowd of people who have made money from this market by making speculations. It's better to do some research yourself rather than rely on other people's information. The Bitcoin market is still on very strong ground, and with the US economy turning, the dollar will depreciate, so investing in Bitcoin is a sound investment.

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