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Author Topic: Need some suggestions regarding Bitcoin  (Read 240 times)
taufik123
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March 15, 2021, 05:59:01 PM
 #21

as a beginner you are lucky that you can still get profit by trading bitcoin. some beginners even experience a lot of losses due to ignorance, when to buy and when to sell.
When you ask whether it is good to buy bitcoin at this price and sell it at that price, of course some people's answers will be different. Getting suggestions from other people will certainly be input for you, but you need to learn the basics of trading first, don't just rely on other people and create question threads like this. Trading basics will let you understand when is the right time to buy and sell.
don't trust other people's predictions too much, because some people just want to promote their coins or do FOMO.

R


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MCobian
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March 16, 2021, 01:36:50 AM
 #22

My advice is not to be too greedy to get profit from Bitcoin, it is too risky to trade too often without knowledge and experience in trading. I think you
are lucky to have bought Bitcoin when it was $ 49k and managed to sell it when it hit $ 57k. And you want the repetition, you can do it, but don't
do it twice a week. Because the Bitcoin price could suddenly fall, as of now Bitcoin correction is quite deep. Having managed to go up to a price of
$ 61k and surprisingly now it has continued to drop to a price of $ 53k. So wait for the price to fall again towards the $ 48k support, because I'm
sure Bitcoin price will soon drop to a support price of $ 48k if you plan to buy Bitcoin again.

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March 16, 2021, 02:14:07 AM
 #23

I'm someone who's very new to btc. I started investing last week. Last week I purchased some amount of BTC at $49k and sold them this week at $57k. I was planning to do the same thing for this week. What I really did, was that I checked the trends, and the price of btc used to go up during the weekdays and go down during the weekends, so I bought it when it was at its lowest (in the week), and sold them  on Friday (a considerably higher price).
But the price of a btc at the moment is $59500. I wanted to ask you all for suggestions here. Should I purchase some btc now or should I wait for the price to drop? I want to hold for cycles of 1-2 weeks at a time.
Will btc go up from what it is at the moment in the next 1-2 weeks? If yes, what price would it be (just make a guess/prediction) by the end of the week/2 weeks?
never rely on Trending because that is not true mate, never trust weekend high and weekdays low or the vice versa because market will go up when when its Ready and will go down when it's time.

Since you are new in this market , best to be ready for Long or semi long term holding because there will be a chance that the price will drop suddenly while you have just purchase your coin so better be ready or become a loser.

I hate seeing newbie fall alot because of their irresponsible investments .

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March 16, 2021, 02:22:50 AM
 #24

Majority of people here suggests that it is good to hodl Bitcoin for long term and what you did is pretty risky lucky for you the opportunity and luck is with you mate. I like your courage as a newbie investor but that is too risky for me you should DYOR mate so you would never regret if ever tides will go against your course.



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March 16, 2021, 02:25:50 AM
 #25

Should I purchase some btc now or should I wait for the price to drop?

You are driven by greed, not by knowledge. And this can end up badly, sooner or later, especially as you don't seem to have patience either.
My advice is to stop, read, understand what you are doing, see what can be the expectations on Bitcoin price (shortly, in theory, it should rise, but it will have dumps too between the rises).

Your only goal is to grow your fiat by trading, but you are treating trading as gambling. This can make you earn nicely a couple of times and lose it all at some point, sooner or later. This is not the way to do it.

I really agree, the only reason why there are many people be attracted by btc is it could bring them money. To be honest, most of them even do not know what is peer-to-peer. Trying to learn about cryptocurrency is the most important thing you need to do. People will never earn money outside of their cognition unless they rely on fortunate, but the money which you earned by fortunate will lose one day, because society have to many ways to harvest your wealth.
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January 08, 2022, 02:39:32 PM
 #26

Now lucky for beginners who start investing in bitcoin. Because there are so many social media, articles, platforms that provide education about bitcoin. There may even be many in the vicinity who invest here, so you can ask directly.
A little advice from me, now a lot of new coins appear, so be careful if you want, don't buy because of someone else's invitation. And convince yourself first until you are absolutely sure, there is no doubt.
Life has to choose, we can't stand between choices. And when you have made a choice. It means we are ready for what will happen.

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January 08, 2022, 10:01:43 PM
 #27

Bitcoin is investment that requires capital and time if you have money is easy to make profit pass those people that don't have enough to come int bitcoin transaction and investment, if you have money to buy as new person into bitcoin technology buy and allow to stay period of time and you will make profit later run because the values of bitcoin does not finally drop for zero no matter the market schedule

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