Bitcoin Forum

I held off withdrawing funds from my domain account as I thought Bitcoin was going to retreat a bit before it started to rise again. Well I got that wrong !! I decided that rather than chase the rise, I'd pick up a few more names with the money, and see if I can turn a profit so that I can get to the position that I should be in if I had read the market correctly.

The point of this post is that I shouldn't let these emotions affect my purchase decisions. If you are a long term holder of Bitcoin, then you should average your purchases, and just buy coins when youget the chance.

I used to make a lot of mistakes like this, always hesitating to buy bitcoin at any price. eventually I stopped thinking about what might be and started just buying at whatever price was at that point. imagine me doubting if price can fall lower than $350 and whether I should buy at $350 or wait for $100 as the FUD was saying back when Mike Hearn said bitcoin is dead :D

of course you can always improve the plan. for example if you want to buy $200 worth of bitcoin and think it may fall more. give it a percentage chance, like if you believe there is  30% chance it falls more then buy $140 (70%) at current price and keep $60 to buy if it fell.

There isn't many people that can pick either tops or bottoms on any market, crypto is so volatile that IMO it is even harder.

Although BTC is not out of the woods yet, I don't think it is a bad idea to accumulate small positions if you are going to hodL longer term. By the end of this year, I'm fairly certain that the price will be higher than it is currently.

BTC is still within the downwards channel, but rising quickly after consolidating a bit at 10K.  The upper trend line is just over 11K, so it is not too far away.  It should be resistance at first, but it will eventually break through. Once it does, we will most likely not see 7K BTC for the remainder of this year.

It is still not too late to again invest and hold. The increase at this moment is continuous and it is also an obvious opportunity to earn profit . You still have time to invest. It is still on its way of recovery from the crash lately. Seculations are now formed on what will be its market value for the next months to come. Hold and invest now because that's the best thing to do.

Been there mate, ourselves will always be our mortal enemy when it comes to trading. Same experience before as I thought price is already ATH when it reached $4,000 and I'm happy took the profits with it, though profit is profit just like what others are saying here but we can't predict on what will happen next.
This is why I decided to be a long term holder and I'll sell whenever I want which is seldom happening but to practice buying at dip is a must.

I sell my bitcoin in dips because I am afraid that I will lose all of it, but I buy bitcoin again when it become much more lower and I am not wrong with that! The bitcoin is now recovering and I already earn income with it.  ;D

I was hoping for it to slip down to around £5,000 ( it's at £7,628 at the moment) , and not to start to recover until the end of the month.  I've picked up some domain names, and I'll look for a few more, so if I can flip those and at least double my money ,then I can buy at £10,000 and still be where I would have been, I know that's twisted logic, but it's only a bit of play money, and there is always the chance that I can do a lot better on some of the names. I got forexsavings.com for $1 ( plus renewal fee of course) for example, and that should show a bit of profit.

If there's something I've learned over the past year and a half that i've been in this bitcoin world, is that once you've realized that your emotions are taking over your decision-making process in Bitcoin related actions, it means that you've finally reached a point where you'll start being more aware of the market, and from now on you might start to adopt a more thoughtful and rational approach to make optimal decisions. Overall, if you're choices aren't fuelled by your emotions, you're going to see some positive results in no time.

I am sure, everyone who has joined the world of cryptocurrency must have made a mistake, this is very natural because it is "humane".
it looks like you are Slipped my mind and finally you make a mistake, you are also too fast Jump to Conclusions. the conclusion is that we must be sure to take the right action and do not hesitate, so that regret does not come up.
"Take chances, make mistakes. That's how you grow. Pain nourishes your courage. You have to fail in order to practice being brave. "

My biggest mistake was in not pushing to buy Bitcoin at $200. I started trying to buy for cash, but local Bitcoins had too wide a spread, and there were loads of scams reported for online transactions. I was trying to buy for cash with meetings in McDonalds so that confirmations could be made over coffee and their WiFi, Hindsight says I should have taken the risk, and bought as much as I can.

The bitcoin price is now $10750 which is rises as compared to the 2 three days impact bitcoin is the best for the funds transfer and those who have this currency they are selling their bitcoin when they know that the prices are stable and the transaction cost will be not than other financial institution and the world famous currency like bitcoin is now again on the track and through this way we an become expert of this market and if you have missed the last price rise then you can also buy bitcoin the investment ratio in the bitcoin community is increasing and highly using  if you want to be the successful person of the world. people want to be there like once they get some advantages like the decentralized and full secure currency of the 20018.

I am not very sure if you have missed the bus or not. Given Bitcoin's price volatility, a retracement of Bitcoin's price over the next few months would not be out of the question. After reaching the previous peak in 2013, Bitcoin's price was volatile but trended slowly downwards over the next 1 year. I wouldn't be too surprised if that happens again.

Well thaat would be ideal, especially if I've increased my pot in the meantime. Life doesn't always seem to work out like that though. :)

I don't think a same price fall will happen. In 2013 bitcoin was not as popular as today. After that price fall, bitcoin lost most of its fans. But it won't happen this time. Many people know bitcoin and want to invest in bitcoin. New investors cause the price to rise again. Also, we are hearing good news these days from some countries.

The price has shot up in the last few days, crossing $10,000 and $11,000 in quick succession. What are the levels which you would consider ideal for buying. If it is within the $8,000 to $9,000 range, I am sure you will have an opportunity shortly.
Things may pan out differently and we could enter a bull rally, but I think given Bitcoin's volatility, there will be sellers at every milestone. It would be difficult to have a run-away bull run now.

The luck plays very big role in cryptocurrencyes and it is very hard to make any predictions - specially short term ones.

Strategy that proved best for me is to hodl and hope for the best.

Just be happy. Judging by your activity level, at least you didn't miss Bitcoin years and years ago. Assuming you bought back then.