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Author Topic: Mental barrier stops from buying BTC  (Read 3503 times)
Kemarit
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September 16, 2017, 09:32:26 AM
 #81

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.

China already set a bad example to follow. Initially they all love bitcoin and crypto currency. But now they are totally cracking it. Japan is the best country in terms of bitcoin, they have legalized it already and almost all merchant in that country are going to accept bitcoin. For a decade, definitely bitcoin price could go tenfold. Although there are a lot of bumps that we have to overcome along the way. But bitcoin has already proven time and again that it can take this challenge and the price can go even further. Good example is what we are witnessing right now. It has recovered by all the bloodbath beginning of September and we are on the way to touch $4000-$5000 once again.

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September 16, 2017, 11:21:17 AM
 #82

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?

It happens a lot that when we wait too much for Bitcoin to go down, we end up loosing our opportunity. Some even sold their BTC at the wrong time. They end up selling at the bottom because they thought Bitcoin will go even lower. These mistakes are normal since the action were not based to anything but to their feelings.

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September 16, 2017, 03:41:18 PM
 #83

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 know that feeling and I think many of us know that too..HAHA. It was so frustrating sir. Many opportunities are being wasted because of wrong belief. What the best thing to do is to have a time limit before buying bitcoin, set a time when you finally decided to buy such Bitcoin.

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September 16, 2017, 03:47:25 PM
 #84

Like you, I also wait for the price to fall before i buy. It takes a while, my desire to buy pushes me to do it, but no. The continuous increase may be threatening at times because of the fear that it may continue to increase without me buying anything. But with waiting, something just happens all the time and the price will suddenlyand then gradually fall. Then its buy time again and waiting game again for the price to increase more than its value before. Keep your perspective on the long-term and you'll not panic yourself from the tiny ups and downs of bitcoin prices.

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September 16, 2017, 04:04:48 PM
 #85

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 also have a feeling that the price may fall, but I think it's better to buy now, rather than wait for an even better moment. Waiting only leads to a loss of time and the price does not usually decrease Sad

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September 16, 2017, 04:51:31 PM
 #86

As humans we are limited by the knowledge of what the future holds. We are not all-knowing. So, we will always foot drag whenever it comes to buying at the best opportunity because we would think it could dip more. There were times I had missed trades because I had thought it would dip more. Sadly, it never did. This defines all of us. I am sure there are some here who are regretting missing buying the dip two days ago occasioned by the erratic comment from JP Morgan boss.

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September 19, 2017, 02:13:23 PM
 #87

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?

It happens a lot that when we wait too much for Bitcoin to go down, we end up loosing our opportunity. Some even sold their BTC at the wrong time. They end up selling at the bottom because they thought Bitcoin will go even lower. These mistakes are normal since the action were not based to anything but to their feelings.
Actually this is showing relicenses of the bitcoin currency the demand of the bitcoin is show high as compare to the other currency. The matter of the bitcoin is that it was having some problems but the system of the bitcoin is trying to resolve the minor problems that bitcoin has. My mental barrio is trying to convince me to use bitcoin and to invest in the present sites of the bitcoin currency.
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September 25, 2017, 05:48:12 AM
 #88

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 agree every one of us has the same problem. We resist investing in BTC coz we wait to fall a bit.
I think this is the best time to buy as the market has come out from the last week panic, Investors seems to stable now. Buying between $3500-3700 can prove to a good deal.
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September 25, 2017, 06:36:20 AM
 #89

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?
You know its up to the person on how she or he thinks about the situation because sometimes we cant grab the good opportunity just because of something in our mind. With that situation all you need to do is to become optimistic because this will help you to become successful to something you do. So whatever happens ypu should stick to your decisions, dont mind the negative thoughts.
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September 25, 2017, 06:38:11 AM
 #90

Lack of money also prevents people from buying bitcoin. Some people will hesitate and some will be agressive if they have the ability to buy bitcoin.
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September 25, 2017, 07:54:36 AM
 #91

I have not faced such a weird situation yet because I believe that Bitcoin will give exponential growth in the long term. So these short term prices and volatility is absolutely nothing considering that long term gain. The case is same in trading too, you have to deal with your emotions in order to have a rational approach towards your investment and the market behavior.
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September 26, 2017, 04:56:28 AM
 #92

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.
I think we should believe in bitcoin it is only game of time when time is in favor of investor it gave huge profit and it can gave a stability to the investment . If we buy on right time we will gain more profit and it is just matter of time in short each and every point of profit depend on the right time.
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September 26, 2017, 11:13:05 AM
 #93

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?

That's normal i think and i'm sure a lot of us have had that experience before.sometimes ypu have to trustnyour gut feel so youbwon't have any regrets in the end. Though you can't tell that to safe traders.

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September 26, 2017, 11:52:03 AM
 #94

It's impossible to know 100% when to sell or buy cryptocurrency. It all depends on your intuition. The blueprint is how to be always successful no. If you regularly are losing money then I recommend that you change the type of activity. Can be currency trading is not your specialty?
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September 26, 2017, 12:39:38 PM
 #95

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 also have a feeling that the price may fall, but I think it's better to buy now, rather than wait for an even better moment. Waiting only leads to a loss of time and the price does not usually decrease Sad

Same people who didn't buy when the price was below $3k before, won't still buy now and its so unfortunate that the same set of people will come and shout about how some forces are manipulating the market or how they are pumping high so they can make some money. But when the price reach low which create an opportunity for them to hop in, they will wait for it to go lower which most times always end up as a myth then they return empty handed.

What I see affecting a lot of people involved, is the fear of losing and the moment one can conquer that fear, that is the beginning of making it big.

In the case of bitcoin like I always maintained, you buy when you can only afford it, whether the price will go higher or lower, buy and take your mind off it. What is sure is that it will eventually paid off in the long run but what discourages people is how long is the wait period for that time to come.





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September 26, 2017, 12:51:23 PM
 #96

Happenings that we recently had, like that one in China, affect users in negative way and create panic. Masna te very careful now and afraid to buy coins because they think the price might fall again. But everyone with some longer experience will remember that we had similar situations before and will not react so impulsive. The soulution is not to panic and to sell but to educate people more how Bitcoin is functioning and what is behind all this.

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September 26, 2017, 12:52:34 PM
 #97

The mental barriers are genetic. People don't understand Bitcoin. And things that you don't understand could seriously harm you. Humanity is very young, so we're still hardwired to run for our lives when there's something suspicious. Takes time to change.
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September 26, 2017, 01:13:55 PM
 #98

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?

That's normal i think and i'm sure a lot of us have had that experience before.sometimes ypu have to trustnyour gut feel so youbwon't have any regrets in the end. Though you can't tell that to safe traders.
same feeling when you successfully calculate a downfall and you haven't ride with better not to think of that so deep but use it as inspiration because
every "what if" that  be experience along the road are the building block that we needed to face and to conquer.
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Luke 23:46


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September 26, 2017, 01:40:29 PM
 #99

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?

That's normal i think and i'm sure a lot of us have had that experience before.sometimes ypu have to trustnyour gut feel so youbwon't have any regrets in the end. Though you can't tell that to safe traders.
same feeling when you successfully calculate a downfall and you haven't ride with better not to think of that so deep but use it as inspiration because
every "what if" that  be experience along the road are the building block that we needed to face and to conquer.

I guess that the decision varies from the individual's perspective and mindset towards the goal that he/she is looking for. If bitcoin prices can supposedly be predicted at a very accurate number, then all people would be millionaires by now. All investments are performed with the potential risk of profit loss but it all boils down on the individual on how he/she can reduce the risk by applying several factors that can affect the success of his investment. To conclude, bitcoin has proved itself to be one of the most successful cryptocurrency out there and the number of investors are increasing per day (which is a positive note in terms of reducing the risks of losing your investment).

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trecore4
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September 27, 2017, 04:21:41 AM
 #100


Not really. I'm competent buyer and I don't look for the reasons. If I see five to ten percent fall in the price then I will buy my coins. This is just simple maths, you know very well bitcoin will rise again for sure and it is buying since the birth of bitcoin. Just go and have a look around the historical data of bitcoin then you will realise what are you missing int he first place. You will see upward movement each time it takes the down leap. So why to worry about it even though it moves little bit. Just grab the coins man and be assured to hold it for even longer though it falls below your buy price. :-)


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