Bitcoin Forum

Do what others dont do sell when they buy.
Buy when they sell.
Go against rumours and someone is pushing hard dollar losing dominance so it means its time to buy usd.
If people talking oil is up and gold and average joe buying gold now to protect himself against inglation then you its time to sell.

Its time to listen rumours and act different ways biggest rumours are usa dollar lose dominance it means buy usd as someone is pushing this but nobody dont give you advice just is so good person just do the opposite.

Time to sell btc gold, silver, oil, property, and u rich coz there is a lot buyers the bagholders.

how do u sell what u don't have? ???

and how am i suppose to do what others aren't, when i don't know what are they not doing? :-\

For example if average people who got no ideas how finances works ( they this, buy the asset and pump it to get bagholder )
They start to talk about gold and buying gold then it means its time to sell gold sooon.

Person who's talking about buying to make wise moves but have no real knowledge about subject then its a clear sign to sell this.

But biggest rumour is about usd so its time buy usd

maybe you will also do the same and decide to become a bagholder regardless of the risk? That's something that is risky, especially selling gold assets and other assets. When do you think rumors become a disturbing thing or not? I leave assets outside of the crypto that I own. It's not that I don't believe it, but I anticipate that everyone may be different to save their savings. Are you sure of your decision? Moreover, I think property also needs to be owned and this type of asset continues every year the selling price increases and there is no correction / price decline. When talking about inflation, it depends on the activity of fiat money flowing around you.

It is easy to say than to do it in real life and listening to rumors? that's the way you invest or trade? I really think you would be a successful if you are just referring to rumors and other people talking about something it is very risky it is much better if you make a research about it, study what is he smartest way to earn from it or much better if you use technical analysis rather than listening to rumors.

If he is talking about the cryptocurrency market then you have to follow what the crowd is doing, you don't hodl or sell in isolation. You have to do as others are doing because it is a huge market space that a single person decision, opinion or hodling makes no sense to change what the sentiment is. Only few people can be listened to , like Elon musk but if you are not a whale you have to follow other people. But in real life and outside world, you can work with your own decision and not follow others.

Many were suggesting a lot of ways how to get wealthy and actually it is not a secret to be honest instead the question is how we gonna make those tips work for us. Instead of asking secrets how to become wealthy let's make reading a habit especially financial literacy and business books because these are the only thing that help those rich people nowadays to become successful. And as I have read many of the book of wealth coaches I can say that they are suggesting the same tips.

Many people have come out with various principles or secret of getting wealth. Some people would claim that they have applied these principals and it worked perfectly well for them. But the truth is that there is guaranteed principles of wealth. We have seen even people that teach this principles become broke or bankrupt. A principle that work today might fail in future.

Sometimes rumours might be helpful but the best way to be successful in a given profession is to go for knowledge and information. Connect to skillful and informed people and sometime follow your intuition.

The not-so-secret to wealth is simply to start a great business or career and wisely invest your earnings into great assets, not this sort of "just counter-trade everyone" strategy that can work in some instances but is likely to not simply work in a longer time frame.

In other words, if I understand you correctly, I should listen to what you say and do the opposite?
So when you say listen to what most people do and do the opposite, I should actually do the opposite of what you say, so that means I should do exactly what most people do? Or... ? I'm lost.  :D

I think OP is not giving the best way to get rich. Getting rich not just about doing opposite of what people think or what they are doing, it don't work that way. Getting rich takes planning and consistent in what you are doing if it is bringing profit for you. You build capital with patience and reinvest in other businesses. You need to grow the capital that you have and let your money to work even when you are sleeping. It is not about doing opposite but serious in your investment, it is a direct effort.

buy when people sell is it a good solution, how can we know they are selling massively, to keep their finances from market crash. and we who buy will bear a big risk. if i was in that problem, i would be more careful with rumours. because that's not entirely true. everything still has to be in accordance with market conditions, risk is something that already exists. our job is to look for opportunities to take advantage of them.

Doing the opposite is not a good way to invest and get wealthy. Wealth comes in discovering opportunities and embracing them, It mustn't be through crypto related assets but it can be argued that crypto could be a good option but not always the best considering the high market volatility that surrounds this digital assets. Thinking and innovating a solution to a global challenge is another wealth accumulative move then diversifying portfolios too is second to none in the line of investment

That's Warren Buffet's advice to the business world but I don't know if he adheres to it himself. It's one thing to say something and another thing to adhere to it. I've tried it a few times. Sometimes, it worked. Other times it didn't and I lost big time. Come to think of it, there's no way at any point everyone will be caught doing the same thing. Even when you think you're the only one buying or selling, there are others doing the same thing. Anyway, that's by the way. However, in doing this we should be watchful that we aren't buying when project teams are dumping their projects.

There are also such words - never invest in what you do not understand. Therefore, before investing money, you need to study the market. And here the herd feeling is not good. Our success will depend on our ability to anticipate the situation. There are many interesting books on this subject. All financial laws have long been studied. However, rich people are still few. Because there are a lot of conditions and features of doing business

All the assets are pumping it means soon dumping.
Pump is 75% and 25% is floor of each assets.

Not selling in isolation is right when we're talking about cryptocurrency investment but following what the crowd is doing is not something that's always beneficial and the last time i checked a lot of people have to make losses through this habit during the season when meme coins are trending.
Meanwhile, it is good to think out of the box and always make the best out of the trend the market presents.

"Buy the rumor, Sell the news"
"Be greedy when others are fearful and be fearful when others are greedy"

This is something a very common investment line or advice that we do have in the market even though this is something a really very hard thing to be followed.
In how to make yourself rich or does make profits then there are lots of ways, doesnt matter if you do get involved with traditional investments or in crypto
because it does only share up on the same common goal which is to make money.

None of these are secrets or necessarily the way to wealth. If everyone else is selling there might still be a long way before it bottoms out, so being able to judge when to buy in requires more than a single quote - you need to study the stock market for a few years before you'll start to understand how these things work. You should never discard rumors lightly because sometimes they have a grain of truth to them and it might be a terrible thing to ignore, just do appropriate research so you don't go into the situation blindly. Rumors can benefit you but they can also damage your capital too. Property will always be a wise investment over a long enough time, but markets are highly elevated right now and those other commodities you mention may be heavily influenced by rate rises.

Actually, it is not easy thing to do. My answers to your questions are, if you want to sell that you don't have is to buy what you don't have and sell it at the right time to earn profit. If you don't get what I mean then let me put it this way, you don't have any btc to sell so you buy btc and then sell it at the right time. In order to do that is to make yourself learn about cryptocurrency and related topics or discussions. The second answer is what i just said about learning or in short, be knowledgeable at what you wanted to do or else you can only lose money and no chance at earning profit from what you just bought.

In case you need the money right now than its a good time to sell, but if you don't need the money than you should plan first what you will invest in. Crypto currencies would be a good choice, prices are fairly cheap compared to last year. However, I would invest all my money in cryptos only. Diversification is very important when it comes to investing. Spreading out the money across different asset classes reduces risk of the portfolio. Another factor to consider before selling is taxes, everytime we sell something with a profit there are taxes to be paid. So selling something for a small profit just to see the profit being eaten by taxes is not good.
The property you live in I would always keep, and if there is another property that is being rented out with good tenants in a good condition I would also keep it. Having a steady reliable Cashflow is important in case there is a problem with the job. Selling commodities could be a good idea, but then again if you just want to be rich on your bank account and leave the money as cash around. Then there won't be any return coming and you are losing money each year due to inflation. Maybe investing all the money into your own business could be an alternative, only it's profitable.

History has taught us that this may not always be the case. Madness happened before and it could happen again. For example, see the charts from January to April or from August to November last year. No one could have predicted that.

Damn,I guess that you must be a billionaire with all that precious knowledge you have. ;D
Why don't you create an ebook or online course filled with this groundbreaking wisdom and sell it for millions?
I also wonder why would a smart billionaire like you waste your time by spamming the forum?
Maybe you just want to share your "million dollar advise" with the poor forum members for free?
Did you graduated the "Tai Lopez school of success"? ;D
Yeah,it's time to sell BTC,oil,stocks and real estate and get some devalued fiat money.That's a great plan.
I will definitely start selling tomorrow. ;D

What OP have suggested seems like the Whales game. They've got good capital and with the same tends to manipulate the market. In traditional market such instances were very rare to happen, and making use of such opportunities isn't a easy thing. There is nothing as get wealthy secret. Learn and experiment what you've learnt. There might be failure, but take it as an experience and keep yourself focused to get the outcome. Surely this will lead towards wealth.

There is no time that you wouldn’t see people saying that you should buy or sell cryptocurrency, they are always saying it every time. There are people who would even tell you that every time is right for buying cryptocurrency. So, the thing is that if you’re really going to be relying on rumors or whatsoever, how sure are you that they are right? Sometimes it may be wrong. So, the thing is you knowing the right time that you’re meant to do that.

You should keep track of the market movement, and you can do that by analysis. When you see that there are more sell orders, and it has had its effect on the market causing it to go down, then you can start buying, which means you’re buying low rate.

And that right time, maybe different in your case. You can't just follow what others are suggesting to you. Just like what the OP is saying about selling what you have. You can always look at this situation in a more logical way. You can always invest your money in any field of industry so long you know what you are doing. If you're taking that path, you should know the repercussions and possible outcomes of your decision. And you will be the one taking care of it because no one will. It is your money, it is your choice.

This is the secret pretty much. Remember last week how everybody was saying not to buy stocks because it will break the low from the Russian invasion? People assumed they would get another opportunity to buy many stocks at Covid lows and the complete opposite happened and we had a crazy rally after the fed raised rates.

When stocks fall it’s usually the wealthy that got tons of savings to buy them. The poor are selling to raise capital while the rich are buying them for pennies on the dollar. Hence why it’s easy for the rich to get richer since they got tons of disposable income they can park for 5 years while the poor need to sell to pay rent.

That's right, bro, the basis for buying this is based on funds, these two groups of people in transferring functions, not only stocks, cryptocurrencies or other assets that are stored.
moreover rich people do buy from money that is not urgent and they develop the wealth assets they have.
unlike people whose habitual activities only see the results of the investments of the rich, and this type of person only follows suit and prefers to want instant ROI so they don't care about buying with money for their daily needs, and will be confused when their urgent needs end up cutting or not Regardless of the price at that time, he had in mind how to close the hole in urgent need, of course these two characters were very different. Even though their goals were the same as riches.
but different preparation, planning and even risk

He just means don't ride the hype, trend, or whatever they call it nowadays.
It's the basics of trading but sometimes it doesn't go that way. There are instances where an asset will keep on pumping while you already left the boat.
So, you need to be careful with all the decision. Just think about if you sell at $1 then it pumped again making a new bottom which is $2. Now, will you still buy that same asset when you consider how expensive it is with the new price even after a dump?
That's when you monitor the price, be sure your sell point is high enough so you won't have doubts when you buy back.

It's the quote that's very common about buying when there's too much blood in the streets. And being greedy when others are fearful and do fear when others are greedy. That's the known quote from Warren Buffet. And if it's about selling of bitcoin; sell bitcoin if you need to sell. But don't sell just because someone tells you to sell, it's inappropriate to sell if you don't need the money right away. Being a holder doesn't need to be hyperactive in selling unless you make a living through trading.

One has to start at one time. :D

You see, trading is a continuous process, you will have to start either with fiat at hand or crypto at hand. Usually you will have fiat at hand. So just place a buy order at lower prices and watch the price drop to see the trade execute.

You need to keep patience at this stage or you will lose the game. And here comes what the OP said. You buy when the price drops, unlike the panic-striken people who will sell at a drop.

I dont necessarily agree with the OP though. I choose to trade cunningly. When I see prices rise beyond bought prices, I will sell assets and use the profit to buy back. I would not go "all in" in either case, that is an example of being stubborn.

That’s right, people who don’t follow the crowd are the unique set of people. They are usually being seen as strange or weird, but at the end they are the ones who emerge at the top. Same thing applies to the cryptocurrency market, if you keep following what everyone does, then you are doomed to fail most of the times, but if you learn to make your own decision, you would be more likely to succeed in the market.

An advice from Warren Buffet says that we should learn to be greedy when others are being fearful and we should be fearful when others are being greedy, you just don’t know when the market would plummet.

right, when people are afraid to buy, then that's our chance to get the best price, and vice versa. Here mental strength is the key to success. but it is undeniable that many people are successful by following the flow of the market, but they must know when to enter the market and leave the market without prioritizing greed which will actually harm us.

I think one thing that most of the comments that I have seen here are omitting is the fact that when you are selling cryptocurrency you shouldn’t only be selling it because of the price has decreased or is low. If you want to sell your cryptocurrency you should be selling it because you feel that the project that you have invested your money in is no longer worth it or you don’t see the possibility of growth in it again.

But, for a cryptocurrency that you still believe has the possibility to keep growing then it might be best that you keep on holding onto that project. You can take one example as Bitcoin, it has a really huge growth potential. And even if you don’t sell, there is still a chance you will get a good price point to sell in the future.

Two things come in to action here. The profit making from buy-sell difference and the faith on the project being traded on.

Now a trader might have full faith but still sell in order to profit from an opened buy position. From a snapshot, this might look like they have lost faith, but maybe in reality they are going to buy-back at lower price. So you can not comment without knowing this.

In any speculative asset, people who are diligent enough to make money do this and this recycling will never be understood by those who have a narrow get-rich-quick mindset.

Only holding is another option, but the possibility of dividing assets into "only hold" "recycle between bull and bear" is more profitable, but needs patience.

Hmm in other word, be greedy when others are fearful and be fearful when others are greedy, it's a strategy that works only for the wise, if money was that easy to make in the first place everyone would be successful already but that's not always the case or is it? My own investment strategy is buying when others are walking away I believe that the successful ones creates their success when everything seem hopeless.

You have a point but the truth is it depends on your luck with the coin you buy. Most of buyers here are going for bitcoin, you can hold it as long as you can but this not the case for other coins especially the new ones.
There are no assurances on being successful in here, we are just merely gamblers hoping for a brighter future.

the best way to get rich is -> focus on what you are doing ^{(business or investment)}, expand your relationships ^{(don't choose friends, look for those who can potentially help you, and maintain your relationship with people around you)}, think positive and try to stay smart.  Never cheat yourself and others because wealth doesn't happen overnight.

This strategy doesn't work all the time. It is not the principle of cryptocurrency which is to buy when the price is low and to sell if it is up. This is a simple strategy also for the real world. If you are expected to buy when it is low and sell higher for profit. Likewise in coin business, it is the expectation that when the bear is in , that is the time for buy. If it is working for you on the other way, it means you are on the lucky side.

If people are afraid to buy that means the value is high, let say the value of btc is at 100k. Will you buy 1btc at 100k just because not everyone are buying? You are the only one that will pump the price and everyone else is waiting for that moment so that they can sell and the price is going to get dumped again.

In the case of selling, will you sell when the value is low? You will only get small income or worst you will lose more. All people already know the principles of buying low and selling high. Getting wealthy is not a secret anymore because we now have cryptos which can help us achieve it but it all comes down to one's knowledge and discipline.

It is difficult to get wealthy secrets but there are some facts involved to become wealthy:
* There need hard work and continuous efforts.
* There need the best time and decision power to cash the time and opportunity. (seize the opportunity).
* Experience is also involved to earn and become wealthy.
* Your luck is also involved in the game of getting wealth. Because sometimes your little effort make you successful but som
   time your long time efforts fail.
* Good investment is also an essential part of getting wealth.
If you work regarding these facts, I think you will get success in all kinds of business may be Gold business, Dollar sale purchase or bitcoin trading, staking or mining etc.

I think when we talk about money, this is like a double-edged sword. money is not difficult to get but the problem is when we get it whether we can manage it well or not because what I see actually people who are having trouble making money are those who really can't make money come to them. because this will be very difficult if they really want money but they don't have something that is highlighted in themselves and make money management then everyone will still feel lacking

Most successful people are those who do contrary to the general ones, but most people will follow the trend that is happening so that they are only small profits, giants of course have great analysts and speculations so they dare to do the opposite so that when the market turns direction, they also do things opposite.

Wealth does not come naturally, they always act and build, sometimes rich people don't do special things that can keep their psyche stable, They always have clear goals along with a disciplined and loyal plan   Everyone is looking for wealth and looking for opportunities.  I am also someone who is looking for that.  Bitcoin is the path that I choose because the opportunities there are always wide open.  The Rich Mindset - is another way of thinking before you start looking for bigger things.
What they have in common is passive income and financial freedom. The secret of wealth consists in the grandeur that can in every person's life that opportunity is very little. Therefore, being assertive and taking the opportunity is the way that I can learn.

This rumor has been around for years and so far the dollar dominance has not diminished. The question is also by which currency should it be replaced? The euro? The countries in the EU are politically and economically too different for the euro to become a dominant currency. The yuan? China is a dictatorial regime, which can be seen again in the case of Russia. Moreover, the policy is far too arbitrary and unpredictable. So I don't see any effective competitor to the USD, except perhaps Bitcoin.

Nahhhh saying this is very easy but do you know when to enter?
Do you know when to buy?
Do you know when events like this will happen?
Do you have spare money to use whenever opportunities like this comes?

Another one is that getting wealth isn't as easy as buy when others are saying and vice versa because if it is that easy then all of us must be reach by now. Another one is are you ready if things aren't going your way? Are you ready if you will incur losses when you bought something?

Now that we know all the secrets, we have only one question. Where can I get silver, gold, oil to sell and get rich? If I know how the mechanism works, this does not mean that I know how to use it. Wealth is a combination of luck, skill and patience. To be rich, you need to be able to invest your money correctly and save it correctly. It is certainly very important to take into account the situation in the country and in the world

Plan your strategy in a bear market, rich people are smarter they create panic in the world to shake off every price of valuable items just to grab them at a cheap price, this is what they do so look for a chance and grab your own opportunity.

it is very difficult to know what other people are doing. if you look at the state of the market and the various rumors that are developing in the community, it is very difficult to find the truth. if you buy, do a market analysis, because it directly refers to the state of the market and the opportunities are also greater.

This is indeed quite true, but I feel that at the point of not being picky about friends, we should be able to filter friends because this is really a basic thing.
One reason many successful people out there is not to trust anyone too much because this will obviously be very detrimental to you. When it comes to money and power, the people closest to you can be your biggest enemy and it's a fact that not a few people are deceived, be it in business or whatever by those closest to them.

It is extremely difficult to follow other people's advice; therefore, it would be preferable if you made your own decision. Who knows, but it seems like people are dragging others to the bottom by not supporting them and instead providing false hope or information to them at this point. Prior to this, I had a number of excellent mentors and also friends who guided me, but now I can honestly say that mentors want money, they want to be compensated. It is essential that we do things on our own in order to achieve success or financial wealth. As the OP stated, we should do the inverse, but this does not imply that we should do the inverse; rather, it means that you should make your own decisions and develop new ideas that may lead to a profit.

I guess we could at least agree that the dollar specifically is becoming useless by the minute. They printed an insane amount of it and it definitely made people lose confidence in it. Must be one of the reason KSA snubbed Biden's phone call and then just a few days after announced it's going to sell oil to China using the yuan rather than dollars as long been customary. Seems governments are slowly starting to move away from the dollar and I don't blame them.

I recently read a reply on thread someone saying, he sold his btc when the media and people around him talked about it which brought him huge profits than selling them much earlier as like others do. I can relate this with your statement sell when there is a demand or the price is high. More patience is needed. This is something that commonly all do not do it and this is what is the right moment to decide upon selling or buying.

You are right and it is because every speculative market moves based on the opportunities that others can see, especially in the fundamentals, or the well-known world events is when the intelligent investor buys while the inverse panicked sells, this happened in 2019- 2020 when Covid-19 came to light, the Stock Market fell in price like never before, and China bought shares and bought practically very cheaply and once the world became aware of the possible cures for the virus through the placebos or vaccines, the price of BTC had a great increase, causing many investors also in the stock market to buy and there I am sure that China sold and for now it is one of the countries that are doing very well economically.

I support this that investing into our future is a good idea and that will secure us from poverty in the future. In the time of 2015 and 2017 , some people that saw what the future of cryptocurrency will be and they invested, they made multiple profit by selling off investment and converting into cash, they made profit. And so today we can still make such decision to invest in cryptocurrency for the future and we should know time for selling when it goes into taking profit.

This your strategy is not 50% accurate. You can sell and market will leave you and never come to your exit level again. Sometimes betting against bitcoin or a very good altcoin may lead to FOMO at the ballistic end, nevertheless, been in profit is something not to worry about. I just sold part of a coin I bought on CRO chain yesterday. I just took at 50% profit. My capital is still intact left in the market to keep printing, greed is bad.

Yes right, I agree with what you said. Maybe the OP's way worked when he implemented it, but I don't think everyone can succeed that way. Each of us has our own way of making money, especially in this cryptocurrency. We should also consider external factors carefully as you said. We can't always rely on just looking at market movements.

Something similar has been said by many traders at different moments in time, for example I remember reading in a book about someone that sold their stocks during the dot com bubble when his taxi driver began talking to him about the stocks he was trading, however while those are interesting anecdotes at the same time you cannot rely on those unpredictable signals, it is better to use TA to try to determine the points at which you should buy and sell, since the timing of your transactions is bound to be way more accurate this way.

This is actually quite reasonable and indeed this is something that every investor should have because patience and timing is one of the things that can make us profit there. what I feel now is actually the problem for investors is not buying or selling but holding and waiting because they often can't do it because selling and buying is an easy business but to hold back not everyone can do it

Of course friends, at least today there is an increasing percentage from the past few days, the morning is quite sad to continue to enjoy the vaporized btc, just like you said, this buying and selling is a common law, when a collector maintains his stance on a currency / The value of the item makes patience which must be nurtured, considering trends like those in the market are sometimes slammed with trends even though the tokens are only a matter of hours. For me, any amount of capital feels lacking because of my hobby of researching the market.
These investors are some of them who can survive by rotating the existing money, myself between FUD and Fomo always color investors' daily lives.

Can't exactly tell what other traders are up to. There are so many people who are buying and selling cryptocurrencies and I don't think there's any way for you to be able to tell exactly that this is what the majority of the people in the market are doing at a time. Unless you're going to say  that you are buying when the price has faced a huge market correction. Which means that you are buying when the price falls or is at a very low rate. And when it increases you start selling.

And while you are doing this, you still have to be very careful so that you don't make these decisions at the wrong time. Just because there's a slight decrease in price doesn't automatically mean that you start buying. You have to back up your decisions with analysis.

Nice answer dude,
But honestly I was expecting the thread to be another one who promotes crypto again over Fiat since it gives anonymity.
I guess the words that OP said has been mention so many times before and it isn't really a secret anymore,
But most of the time now traders tend to Buy the Rumour, Sell the News so they always end up losing their money.

I'm wondering if you're rich with these secrets. The OP is looking at this from a personal perspective, and it's really inexperienced. Remember that the news that makes it up is related to the outcome that is about to come, and never be wise in any market, because when you stumble, you will realize that that judgment only deceives your reality. being tempted by the market itself. As for becoming rich, there will be many different formulas for you to apply, but first you need to study the knowledge first.

I think the most important thing right now is to dare to speculate to get rich quick, some altcoins such as meme coins can go up to thousands of percent per day so it is very interesting if we dare to invest there, of course not all coins have the potential to skyrocket but do DYOR well before investing .