Many users here are Bitcoin maximalist from their conversations, commonly referring to altcoins as shitcoins. This belief that bitcoin is the only cryptocurrency worth holding has saved many people from buying coins that ended up running down and value and causing losses to their investors.
The important thing is to have an understanding on how bitcoin works and not 'believe' in it cause it is cool to do so and many other people are doing it.
- Jay -
Topic: You can only use bitcoin maximalist strategy to succeed in the market - page 2. (Read 347 times)
June 14, 2023, 12:03:14 PM
June 14, 2023, 12:03:10 PM
You have not described properly about the maximalist strategy to invest in Bitcoin or to succeed in the market. It will be more educational if you describe it properly with us and that will be much helpful for the young investors.
Anyway Crypto market is totally uncertain. So anything can be happen and we must have strength to face the bear market or a sudden crash in the market. I think the best trading strategy is to do DCA(Dollar Cost Averaging) and need to minimalise the average buying price.
To learn about DCA you can read this Article: https://cointelegraph.com/news/what-is-dollar-cost-averaging-dca-and-how-does-it-work/amp
Anyway Crypto market is totally uncertain. So anything can be happen and we must have strength to face the bear market or a sudden crash in the market. I think the best trading strategy is to do DCA(Dollar Cost Averaging) and need to minimalise the average buying price.
To learn about DCA you can read this Article: https://cointelegraph.com/news/what-is-dollar-cost-averaging-dca-and-how-does-it-work/amp
June 14, 2023, 11:59:21 AM
They see no reason to be scared even if the market is going down. Those who really understand the market will always overcome tough bear market, but it will be challenging for people who don't have understanding.
Bitcoin marketcap got to over $1 trillion, now at half of the marketcap. You are not wrong about what you are saying but know that whales do wake up for bullish season and many of the whales will leave the market and bear season will start again.By next year, before and after bitcoin mining reward halves, you will see the whales waking up again. If you invested in bitcoin at $50000 to $65000 in 2021, you know how much you have lost and the period of time that you have to wait before bitcoin will hit the price and increase above it again.
It is better to make a good speculation and invest at the right time. If I invest in bitcoin right now and the price fall, I will not sell because the price will reach over $25000 again and increase far more.
June 14, 2023, 11:52:44 AM
What I wound simply add is people that are afraid of bitcoin market fluctuations this days, are just total newbies to bitcoin and haven’t experienced a bearish market that hit hard than this before. But for any investor that has been in the crypto space for like 4 to 3 years from now would now cause to fear. In fact in the face of the approaching halving and the exchanges crises bitcoin faces this days I still feel the current price is still better than the other years.
Another thing that actually has caused panic or fear in the Mindset of the new investors is the fact that most of them came into bitcoin with the narrative of it been a rich quick scheme and they invested either amounts that they can’t afford to hold for long or some loaned funds and since the market fluctuations aren’t going as they expected it is causing them some trouble
Another thing that actually has caused panic or fear in the Mindset of the new investors is the fact that most of them came into bitcoin with the narrative of it been a rich quick scheme and they invested either amounts that they can’t afford to hold for long or some loaned funds and since the market fluctuations aren’t going as they expected it is causing them some trouble
June 14, 2023, 11:34:38 AM
The price of the market for sometimes have not been moving up like what mist young investors expected. The market have been challenging to most investors. The only way young investors can overcome the recent price of the market is to use bitcoin maximalist strategy to invest in bitcoin.
The maximalist have so much confidence in bitcoin, they believe in bitcoin no matter how tough the price in the market is, and they consider bitcoin as the best investment than any other cryptocurrency.
The maxi only invest in what they believe and understand what will become the end result of what they are investing inthe future. Maximalist always have success in their investments because they already know what they are into.
They see no reason to be scared even if the market is going down. Those who really understand the market will always overcome tough bear market, but it will be challenging for people who don't have understanding.
The maximalist have so much confidence in bitcoin, they believe in bitcoin no matter how tough the price in the market is, and they consider bitcoin as the best investment than any other cryptocurrency.
The maxi only invest in what they believe and understand what will become the end result of what they are investing inthe future. Maximalist always have success in their investments because they already know what they are into.
They see no reason to be scared even if the market is going down. Those who really understand the market will always overcome tough bear market, but it will be challenging for people who don't have understanding.
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