Time to Decide: Are You an Investor or a Gambler?

[YanBitMoney]

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

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[Trixoempire]

Is not a big decline. Yesterday was a good decline on 30k. Bitcoin is nearly 100 days moving average and bears control the market now.
This not looks good.

[Yaunfitda]

Is not a big decline. Yesterday was a good decline on 30k. Bitcoin is nearly 100 days moving average and bears control the market now.
This not looks good.

We have touch $40k today, a good indication that investors and traders are buying. We have like decline more than 50% in the last 7 days or so, but we should be glad to see the price growing again. If everything has settle down, then we should be seeing another leg up.

As for buying in the ~$30k, of course, bitcoin is in a discount so why not take advantage of it, continue to accumulate and then HODL, nothing beats buying in a dip.

[Kong Hey Pakboy]

Who stops you from buying? Do you want others to buy too so you can conform to the norm? See, gambler and investor is different and similar at the same time, the perspective is what matters, you see if you put all your life savings in your investment then you are a gambler and at the same time investor, you are tempting fate because you are putting an all in. But if you are on the safe side, I would probably classify it as an investor.

[ILuckyGuyI]

I'm not a gambler, I'm just an investor. And I'm more of a HODLer actually. I'd buy more if I didn't miss the opportunity when the price was $30k.    But still I'm thinking of buying some more from this level, $40k.

[noorammak]

Bitcoin has dropped from $60k to $30k in a few days and it is truly a black swan in the crypto market. It is similar to the Bitcoin price drop from 8k6$ to 4k3$ in March 2020. The opportunity is clear, we just need to buy, the indicators show that the 30k zone is the last best support zone. eventually for Bitcoin to rise again and it is now $40k for Bitcoin.

I am also buying my Bitcoin since last night. The recovery was quite impressive and it was profitable.

[btcsmlcmnr]

Is not a big decline. Yesterday was a good decline on 30k. Bitcoin is nearly 100 days moving average and bears control the market now.
This not looks good.

Bears control the market. They don't. After the bloodbath, the dip and several weeks, Bitcoin average indicators will move up and Bitcoin will resume its bull trend. Average indicators need time to calibrate and be back on the trend.

Best things have yet come. Stay tuned and mark my words. I will see you in the end of 2021.

[Shikha99]

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

I'm an investor. I don't see any other role for myself.Bitcoin has dropped from $60k to $40k in a few days and it is truly a black swan in the crypto market.

[iamsheikhadil]

Bitcoin is at dip so definitely it's a very big opportunity to buy right now, no way who's buying now is actually "gambling" lol, because in the end, if you are going to hold on to your coins till you see a profit (which you will, trust me, there has never been a full eternal plummet), then you have successfully made good profit out of a simple trade. It can be considered gambling in sense, if you are putting highly urgent money into it which you can't afford to lose for a limited time, then I would recommend you not to do it because there's no guarantee at all on which side the ball will swing.

[isaac_clarke22]

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Yep. It was a great opportunity to buy more. Wished that it stick a little longer around 30k but meh it was bouncing around 35k+.
From that bounce and random surge, it surely felt like whales eating up the panickers' coin or it could be them just inducing fear to some holders to sell their coins so that they can take theirs.

[serjent05]

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

Yes, it is a window to re-enter the market after selling at its peak.  This is like buying at a huge discount.  I bet after all this FUD and China restriction had passed, Bitcoin will start to recover and probably surge at greater strength.  If that happen, then a new ATH isn't far from happening.

[virtualdn]

I'm hodling since 2013 never sold a satoshi I guess this makes me an investor. I don't like gambling too much with crypto because the risks are pretty high and I prefer to measure my risks. So I've already decided!

[ampu]

Bitcoin has plummeted since Elon Musk announced he would stop accepting Bitcoin for payments with Tesla electric cars. Such a sharp price drop is a bad signal but also an opportunity for Bitcoin bottom-fishing traders. I think the $61k to $30k mark is a big drop in the last few days and we should be aggressively buying. I bought 50% of my USDT reserve last night and now I am getting a good return. I have only traded Spot and stayed away from instruments like Margin or Future because I am aware of their risks.

[DooMAD]

Does it have to be either/or?  What if I'm an "enthusiast" or an "advocate"?  What if I care about the culture and the values of Bitcoin as much as, or possibly more than, the price?  Perhaps that means I'm just an investor who happens to be invested on an ethical level as well as a financial one.  Or am I more than merely an investor?  

It's easy for topics like this to get a little superficial.  But there's already more than enough shallowness in social and mainstream media.  Let's not lose sight of some of the more important (IMO) aspects of all this stuff.

[quocsi]

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

If you are an investor then I think this is the right time for you to buy. Bitcoin price is plummeting. If you want to do big business, you have to invest boldly to get big profits. So far, Bitcoin has continuously dropped in price, then increased rapidly. Bitcoin hoarders get rich again.

[bosede1]

It doesn't literarily mean you should buy if you aren't interested because of the volatility involves but my own view is that let's hold and not panic sell the coin we are holding because of all the negative news around us. For those that are new to this we have seen this happened before and as survive please don't take any action you will regret years to come.

[online73]

Of course, in life you always have to make a choice, but this formulation of the question, whether to be an investor or a player, rather amuses me. It is very difficult to count on a good profit if you do not use different strategies in your system. In the crypto market, it is better to be both, - I think it will be more effective.

[passwordnow]

Why it should be an option? if both of it can be done at the same time. I'm an investor and at the same time, I also gamble with the use of bitcoin and other cryptocurrencies. There's the tweet of Peter Schiff that again attacks us and telling that we're not investors but we're all gamblers because of the recent correction. Don't listen to him, he's a full time anti-bitcoin and sceptic and that's why it will just discourage people who's new to bitcoin if they're going to read his tweets.

[acener]

Well some of us are doing both of it at the same time investing blindly is also consider as a gamble for me.
Just take a look on those who are trying hard to be a crypto investor that doesn't know what they are really investing in and crying now that they lost too much because they follow some tweets from Elon Musk.

[sheenshane]

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

There's no infinite growth so the correction was expected but not this soon.  This is where people who have fears to miss outbreak their hearts and that’s why you should always think about how your emotions go and control it.  Avoid being impulsive and quickly make decisions without any backups (or that's they called FUD).

I'm a LONG-TERM investor, and I know that things go wrong along the way, having backups and knowing the risk is vital to having great investments.
For now, the decision I have that I find wise is to get Bitcoin with the altcoins I collected with the services I provided previously so just in case, the next correction won’t hurt me.

I think the people who lost here must learn that cryptocurrency investment is no joke and not a source of easy money.  Risk is big enough that would make someone suicide with their loss.