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Author Topic: Mental barrier stops from buying BTC  (Read 3503 times)
allohha
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September 11, 2017, 07:07:37 PM
 #61

I think it's important to recognize that life is not like a movie where the main character will almost certainly "win" in the end. When Bitcoin hits $1 million, there will be people who followed it from when it was $100 but never got in cos of the endless cycle of "When it goes down I will buy" but they never do and it ends up spiking so they don't want to buy near the top. And they just never get it, and one day Bitcoin hits a million and its too late.
Who knows what could be in the future, since when Bitcoin was available for several hundred dollars and no one wanted to buy Bitcoin for $ 1000 in the future. But to date the situation has changed dramatically and even 3,900 for many the price as for happiness.
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Sasuke102001
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September 11, 2017, 07:13:12 PM
 #62

Yea it is actually the current scenario which is the cause of this mental barrier many are facing now because of bitcoin prices going very high recently. Actually even i thought buying bitcoin now would be very costly so why don't I  try earning them when I have free  time so even of there is a price drop I won't suffer that of a huge loss cause I didn't invest my own money that I just loss. So who aren't that rich to buy bitcoin currently at this price better try earning in by doing various jobs or stuffs you can say.
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September 11, 2017, 07:19:13 PM
 #63

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Its normal to feel that way and even when you don't buy, you blame yourself and start counting the amount you would have made if you had take such decision. I have been there and that's why I always advocate for the some basic rules in either buying and selling.

1. Buy when you can afford it, if the price falls further, it just strengthen your resolution to hold more in other to make profit and probably made more than what you would have initially made if you had waited.

2. And only sell when you are confident that you can withstand whatever will happen next and be convinced within yourself you took the right decision and if situation should repeat itself, you won't do otherwise.




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September 11, 2017, 07:21:50 PM
 #64

Yes it happens everytime with every investment that someone is gonna do. If you find a fund in a bank, maybe you wouldnt trusted it since the beggining, but when you notice it is giving 10% a month, then you regret about it.
Same happens with all the cryptos, that is why some people are afraid of buying, me too.. that is why i only buy altcoins right now, i think they are the most safe investment right now.


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suzanne5223
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September 11, 2017, 09:20:51 PM
 #65

Well, there's always time, season for everything and bitcoin business is also ike the real world business. However, if you follow the price chart movement of bitcoin closely, reading article and follow the latest news about crypto currency then you'll know if dump and pump will happen right before it happen mate.

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pitiflin
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September 12, 2017, 03:56:06 PM
 #66

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
Not only you, a lot of people get mental barriers which avoids them to do what they want to do which makes them regret later on in their life. Speaking of regret, the thing that comes in my mind is that media also fills people's mind with all possible bull shit available and try to stop people to do things they want to do or misguide them.


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September 12, 2017, 04:10:25 PM
 #67

It is a very interesting question for anyone who's been here a while to ask themselves. If I was fresh to Bitcoin now what would I do?

I'm not completely sure how I'd approach it. These price levels are still extremely fresh. It always boggles my mind how quick people are to forget where it was sitting just a short time ago.

If I'd done my homework properly I would probably settle on buying a set amount per week or month, which is indeed what I should've done in the first place as I'd have plenty more BTC for the same outlay.

There's no doubt plenty of epic action to come in the future but perhaps it's going to enter a period of consolidation mixed with minor falls. Then again I think I predicted the price would be $260 by now a couple of years ago, partly for fun.


A $200 bitcoin feels like it has more potential than a $4000 but people could be wrong about that. At $200 it could easily have dwindled to nothing. At these levels something has clicked in more minds, though I don't know what it is.

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September 12, 2017, 04:12:03 PM
 #68

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
Not only you is the one who are experiencing such problem because most people do really have this kind of doubts including me specially when we are planning to buy bitcoin. Our mind do really tell us that this might not be the time to buy which the price did go sore up high in the last minute which would end up for you to regret later on.If you are an active trader for sure you will always have this kind of feeling for sure.
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September 12, 2017, 04:37:32 PM
 #69

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Nothing serious in that, all investors who are adopting or investing Bitcoin in 2017 have same gut feelings. After all its your very own money you investing.
But based on my own experience, I could easily say Bitcoin has completely outshine traditional investing assets like bonds ,shares, stocks etc. My experiment with Bitcoin as investment has gone such successful that Bitcoins contribute ~70% of my portfolio today.
So believe me dude, its never too late!
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September 12, 2017, 04:50:51 PM
 #70

I think it depends how you will use the time you got when you bought and sold bitcoin back. because time is the most vital thing in this case.
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September 12, 2017, 05:05:17 PM
 #71

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Nothing serious in that, all investors who are adopting or investing Bitcoin in 2017 have same gut feelings. After all its your very own money you investing.
But based on my own experience, I could easily say Bitcoin has completely outshine traditional investing assets like bonds ,shares, stocks etc. My experiment with Bitcoin as investment has gone such successful that Bitcoins contribute ~70% of my portfolio today.
So believe me dude, its never too late!

I think one thing that should be taken into account with what you just said is that bitcoin rose very high very quickly, and for a lot of people, that meant that their investment grew practically tenfold. I don't know if this trend will continue into the near future. I can't be sure if more countries will start banning btc following China's footsteps.

This area is up for grabs! PM me if you're interested.
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September 12, 2017, 06:52:55 PM
 #72

Todays twitter from Charlie Lee is a great example on how can this great technology be manipulated by people with dark intentions.
He just said something that has been confirmed in China and now the market is down and blood in on the streets. I bet hes making millions with this dirty trick..

sad!  Angry
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September 12, 2017, 07:19:01 PM
 #73

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

The problem I have is that since I bought Bitcoins below $1000, everything above that price seems too expensive. I won't buy any Bitcoins at the current price which is about $4300.

I may never find a good buy price again but if it drops back down to $3000 I may buy more. Right now I'm focusing more on altcoins because they seem to be more economical and may have more potential for gains than Bitcoin. At least a few may outperform Bitcoin.
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September 12, 2017, 09:25:34 PM
 #74

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

The problem I have is that since I bought Bitcoins below $1000, everything above that price seems too expensive. I won't buy any Bitcoins at the current price which is about $4300.

I may never find a good buy price again but if it drops back down to $3000 I may buy more. Right now I'm focusing more on altcoins because they seem to be more economical and may have more potential for gains than Bitcoin. At least a few may outperform Bitcoin.
This is the way i feel to , paying 10x what i paid before just feels wrong.
If you find the right altcoin a lot of gains in btc can be made.

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September 12, 2017, 09:34:23 PM
 #75

I´m trying to enter BTC from trading profits and online small jobs. So i don´t feel i´m BUYING:) it´s just mental  stuff. But you are right to be carefull. I can see BTC at 10K but if the regulatory shakedown is hard enough lots of the "new" money that came in can just go out and creat some a good deep.

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Kidmat
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September 12, 2017, 09:43:08 PM
 #76

I think it depends how you will use the time you got when you bought and sold bitcoin back. because time is the most vital thing in this case.
Whatever it takes op can buy btc if permitted. Yes time is a vital role in investing your money into btc buy back when you have decision to take risks. As the bitcoin price is steadily increasing but others hoping to make it fall so anyone could buy at the deep.

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September 13, 2017, 06:23:18 AM
 #77

 Wink By being a little positive also its gaining popularity day by day thus there is literally very less chance that its gonna be down in a while also with more numbers of people flocking in its trade its highly unlikely that something as unfortunate as making its overall value to zero will happen.



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Rainbot
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September 13, 2017, 06:24:56 AM
 #78

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

theres actually a chart of a traders psychology. we could see there all the mental and emotionals of a trader. you could actually see it on the google.

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September 13, 2017, 06:48:24 AM
 #79

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I think at Bitcoin $ 2,000, its price is too high, and you can not control your own decision. Besides, it is not easy when people sell Bitcoin but you buy it, the rumors are spread everywhere, Bitcoin will disappear. Even though I do not believe it, I still feel afraid and do not dare invest in Bitcoin anymore. Thereby, we should make a firmer investment decision. Success does not choose the weak

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guoyu78
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September 16, 2017, 07:40:32 AM
 #80

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

Nothing serious in that, all investors who are adopting or investing Bitcoin in 2017 have same gut feelings. After all its your very own money you investing.
But based on my own experience, I could easily say Bitcoin has completely outshine traditional investing assets like bonds ,shares, stocks etc. My experiment with Bitcoin as investment has gone such successful that Bitcoins contribute ~70% of my portfolio today.
So believe me dude, its never too late!

I think one thing that should be taken into account with what you just said is that bitcoin rose very high very quickly, and for a lot of people, that meant that their investment grew practically tenfold. I don't know if this trend will continue into the near future. I can't be sure if more countries will start banning btc following China's footsteps.
There is no doubt that bitcoins do increase in price tremendously after every pump and people are earning good capital with bitcoins. I strongly believe that at least for a decade, bitcoins will keep increasing in value and other developed countries are not going to follow China at all.
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