This Is Your Last Chance to Buy the Dip Before Bitcoin Pierces $20,000

[serjent05]

There are people who are scared because they bought at 13.8k for example, I think they should calm down and wait for the price to go back up but in the end they literally bought at the top just before the price went down, they might profit in the future when price goes up but they could have bought a lot cheaper and be profiting as of right now if they waited, and they are the examples people use when not buying because they are afraid the same will happen to them as well. That is why it is not easy to decide on the bottom, you can sell when you are in profit and it can go up even more and that is fine but if you buy not at the bottom then that is risky.

That is why, most financial advisers stated that we should only invest the money that we can afford to lose.  Putting the whole of our life savings in this high volatility items is certainly a "nut"  thing, though I agree when it comes to Bitcoin that "high risk will yield a high reward" .  As long as those who bought at the top did not convert their BTC, the value of it in BTC whether it goes downward to oblivion will not diminish. 1 BTC is always 1 BTC.  they just need to be patience until the time comes that Bitcoin gain momentum to push upward again.  and if Bitcoin does gets it, it alwasy shoots upward exponentially.

[Oilacris]

There are people who are scared because they bought at 13.8k for example, I think they should calm down and wait for the price to go back up but in the end they literally bought at the top just before the price went down, they might profit in the future when price goes up but they could have bought a lot cheaper and be profiting as of right now if they waited, and they are the examples people use when not buying because they are afraid the same will happen to them as well. That is why it is not easy to decide on the bottom, you can sell when you are in profit and it can go up even more and that is fine but if you buy not at the bottom then that is risky.

That is why, most financial advisers stated that we should only invest the money that we can afford to lose.  Putting the whole of our life savings in this high volatility items is certainly a "nut"  thing, though I agree when it comes to Bitcoin that "high risk will yield a high reward" .  As long as those who bought at the top did not convert their BTC, the value of it in BTC whether it goes downward to oblivion will not diminish. 1 BTC is always 1 BTC.  they just need to be patience until the time comes that Bitcoin gain momentum to push upward again.  and if Bitcoin does gets it, it alwasy shoots upward exponentially.

Easy to say but its really hard to be maintained by most people yet patience would be primarily tested out unto these times.

Volatility would always be the primary enemy on this crypto market and it cant really be avoided for sometimes not to panic when
you see that you holdings on usd value is plummeting.

[Slow death]

are we seeing a $30,000 value the highest of them all?

let's suppose that this month of July the price ends in the $13000; and in the month of August the price finishes in the $14000; and in the month of September $15,000; and in the month of October the price ends in the $16000; and in the month of November the price ends in the $17000; and in December the price will end at $18,000. In January of the next year the price ends in  $19000; in feverreio of the next year the price finishes in  $20,000; in March of the next year the price will end in the $ 21000; In April of the next year the price ends in  $22000; in May of the next year the price will end in the $23000; in June of the next year the price ends in  $24000; in July of the next year the price will end in the $25000; in August of the next year the price ends in the  $26000; in September of the next year the price ends in the  $27000; in October next year the price will end at $28000; in November next year the price will end at $29,000 and in December next year the price will end at $30,000.

So that means that if the price increases $ 1000 every month, only in December next year that the price would reach $ 30,000. I do not believe we will see the price of 30,000 next year, maybe in 2022

[South Park]

When you look back hindsight is always 20/20, I mean we have seen the bull run when we were going up but nobody really knows when is the right time to buy and when is the right time to stop because in the end maybe you will lose all of your money because you bought at the top.

There are people who are scared because they bought at 13.8k for example, I think they should calm down and wait for the price to go back up but in the end they literally bought at the top just before the price went down, they might profit in the future when price goes up but they could have bought a lot cheaper and be profiting as of right now if they waited, and they are the examples people use when not buying because they are afraid the same will happen to them as well. That is why it is not easy to decide on the bottom, you can sell when you are in profit and it can go up even more and that is fine but if you buy not at the bottom then that is risky.

It is true that no one really knows how high the price of bitcoin or any other coin will go however there are ways to determine good entry and exit points if you want to be a trader or an investor, and buying at 13800 was not a good entry point, if someone bought at that level then he did it because of FOMO and nothing more, in the past I have been tempted to do the same with coins that were skyrocketing but I knew it was a bad idea and that has saved me from great losses, those that did not bought bitcoin at a reasonable price should have waited until there was a correction to invest instead of buying at the top which is always a bad idea.

[BitHodler]

Volatility would always be the primary enemy on this crypto market and it cant really be avoided for sometimes not to panic when
you see that you holdings on usd value is plummeting.

People like to see the price pump hard, but that's only possible when there is an intense level of volatility in the market, and this volatility results in more volume being generated.

It's something this market needs-- we have had enough examples of how the lack of volatility lead to lower volumes and logically a decline in the price. Stability definitely doesn't help crypto in today's market of speculation.

Most people panic selling are either all in or have over-invested. In both cases people monitor the price every minute and are ready to sell if the price happens to go down.

Panic selling can easily be avoided when you dollar cost average every two weeks or month regardless of what the price is. A dump means more satoshis for your money and a lower overall buying price.