milewilda
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May 27, 2021, 09:37:36 PM |
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There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
If you had made out yourself greedy into these times then you are definitely making profits as of this moment as the market had already partially recovering or gains in 10% or more would really be considerable compared on just missing out again the bottom where the price had make out some correction and now it is gradually recovering. Until when those people would ever learn? Lots had been freaking out that the market is going to crash once again but hey, look at we now? We are really still holding and the possible next movement is to break out that 60k price barrier.Who knows?
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Obito
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May 28, 2021, 08:38:17 AM |
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It is a useful advice but like always discretion must always be exercised, even if I think this is happening because of the manipulation of the whales and sooner rather than later the price will recover, at the same time the price could always go down even more, so if you buy now you need to be convinced about what you are doing because if this is not the case then you are bound to become a victim of your own tactic and sell in fear if the market happens to go down in value.
If you know that you have the patience to hodl for a really long time then you might as well buy right now because you are not targeting a short-term profit which this FUDs are going to have their effects. Of course you need to always decide for it yourself but a little advice from other people or even considering it is a helpful thing to formulate a decision.
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Kong Hey Pakboy
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May 28, 2021, 10:36:05 AM |
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If I have the money to buy some bitcoin, I would probably buy but I don't have it and what I am implying is that you should buy bitcoin right now because the prices are so low that you will probably get a really big profit when the prices started going back again.
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acener
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May 28, 2021, 01:13:15 PM |
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I always see this kind of quotes or memes on social medias, And I guess it is true only few are brave or strong enough to take risk when the market is dropping low and it could also be the reason why only few manages to be successful in crypto or trading. Just like in HODLing only few could really do it for a long time others would take profit when their investment gains profit.
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Quidat
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May 28, 2021, 07:38:56 PM |
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I always see this kind of quotes or memes on social medias, And I guess it is true only few are brave or strong enough to take risk when the market is dropping low and it could also be the reason why only few manages to be successful in crypto or trading. Just like in HODLing only few could really do it for a long time others would take profit when their investment gains profit.
Wont really be easy even though its easy as it sounds but when you are already on the actual situation then it wouldnt really be that simple to be done. We are talking about our investment which simply money which we do value the most and would really fear out on losing it and thats why making out decisions on a market where its dumping is really hard to consider.You would really be needing that outmost dedication and positivity for you to able to buyback when the market is on deep reds. Whom wouldnt though about on not to dip more?
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adaseb
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May 28, 2021, 08:11:54 PM |
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It might of been the bottom or not. Keep in mind many in 2018 assumed $6K was the bottom and look what happened, the bottom was $3K instead. There was much much more fear at $3K than at $6K even though many people were 100% it was the bottom.
So we will see how the next few weeks go, however there are tons of people who are holding massive profit from buying at $19.5K and the market might come and take those profits away from them. Just like the market took away the $3K entry price of the people who entered in early 2017.
This is how the market cycles work.
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Oceat
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May 28, 2021, 08:29:25 PM |
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I always see this kind of quotes or memes on social medias, And I guess it is true only few are brave or strong enough to take risk when the market is dropping low and it could also be the reason why only few manages to be successful in crypto or trading. Just like in HODLing only few could really do it for a long time others would take profit when their investment gains profit.
This is what will going to happen in the market once some fud spread in the market like how Elon used to support Bitcoin but then suddenly take it back just because of a pitiful reason which is kind of ironic. Anyway, those weak hands are the reason why there's a huge pressure in the market because they think this is the bear time. They were just here to make money and not to support Bitcoin actually but let them be because we holders will win in the end. I am still bullish so I believe there's still a chance Bitcoin will break the $50k+ this year. So HODL!!!
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rahmatrf331
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May 29, 2021, 03:29:44 AM |
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I always see this kind of quotes or memes on social medias, And I guess it is true only few are brave or strong enough to take risk when the market is dropping low and it could also be the reason why only few manages to be successful in crypto or trading. Just like in HODLing only few could really do it for a long time others would take profit when their investment gains profit.
Try to think positively even if the market price is down! how to take advantage of the low and slow rising prices, rather than waiting for the price to return to normal. maybe with a little rise can be profitable even if only a little.
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virasog
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May 29, 2021, 11:41:28 AM |
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Bitcoin price is currently close to 30k, it is best to buy incrementally even though your target is 30k if buying near that price doesn't matter because the difference is only a little. because bitcoin can easily reverse the situation and I am sure that sooner or later the price of bitcoin will rise again, you should take advantage of the best moments in this decline gradually without having to target the lowest price and the increase in bitcoin price is guaranteed to happen only takes time.
Also the fear is now less as compare to the last week as bitcoin price is ranging between 35-40K. Still there is a lot of fear in the market and people are not confident to invest in bitcoins. Yes indeed! traders and investors are now buying and holding after experiencing that fall, seeing the advantage and trying to keep the ball moving even there are still pressures that this market will fall back. The good thing is people do realize that in every trend there's always certain bounce, we do see a lot of this kind of movements beforehand and with some experienced traders and investors they are trying to catch the dip, Buying it little by little and test if indicators will show up and give the them the green sign that they are waiting. It look like market will remain in fearful mode until bitcoin crosses the weekly 21 exponential moving average. No one knows the next movement of bitcoin price and retail investors are not willing to take risk in this time. I think some people are waiting for the monthly close before coming to any conclusion.
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Distinctin
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May 29, 2021, 02:40:44 PM |
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I always see this kind of quotes or memes on social medias, And I guess it is true only few are brave or strong enough to take risk when the market is dropping low and it could also be the reason why only few manages to be successful in crypto or trading. Just like in HODLing only few could really do it for a long time others would take profit when their investment gains profit.
Try to think positively even if the market price is down! how to take advantage of the low and slow rising prices, rather than waiting for the price to return to normal. maybe with a little rise can be profitable even if only a little. We find it more strategical during the crisis and every opportunity must not be taken for granted, we should have to grab it. Because even how positive thinker we are, we can do nothing if the market will remain at low. This is a very challenging time for all crypto investors, may rich people could handle the stress but I'm not sure those who just rely on crypto as their source of income could able to survive.
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aoluain
Legendary
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May 30, 2021, 07:11:11 AM |
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These price points when people are fearful are the times to buy in increase the wallet. Its a thing which investors have been practicing for hundreds of years. When Bitcoin was priced above $60k there were many who thought that they should have bought more at a lower price, now is the opportunity. https://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp#:~:text=Baron%20Rothschild%2C%20an%2018th-century,Battle%20of%20Waterloo%20against%20Napoleon. The worse off the market is, the better the opportunities are to profit. That's seemingly the credo for contrarian investing. Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." Contrarian investing is a strategy of going against prevailing market trends or sentiment.
The idea is that markets are subject to herding behavior augmented by fear and greed, making markets periodically over- and under-priced.
"Be fearful when others are greedy, and greedy when others are fearful," said Warren Buffett, a phrase that encapsulates the contrarian philosophy.
Being a contrarian can be rewarding, but it is often a risky strategy that may take a long period of time to pay off.
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decodx
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May 31, 2021, 08:03:03 PM |
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These price points when people are fearful are the times to buy in increase the wallet. Its a thing which investors have been practicing for hundreds of years.
When Bitcoin was priced above $60k there were many who thought that they should have bought more at a lower price, now is the opportunity.
The best way to fight fear is to invest now and see whether price continues upward or not. Don't believe in bandwagon effect, but believe in individual conclusions and every buy decision you make. It is very hard to come to terms with the volatility of Bitcoin. Never been so nervous at the top, I don't know how people will manage when bitcoin price is on its peak. However, during bull run, you should be high risk and low return investor.
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STT
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May 31, 2021, 10:15:02 PM Last edit: June 12, 2023, 01:14:04 AM by STT |
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Its true advice but everyone wants to buy into a rise because its more exciting in an immediate way, buying now isnt wrong over a longer term duration but we dont know price goes up near term. There are low expectations, I wouldnt say we are at the lowest price possible in terms of negative sentiment it can develop alot longer to the downside. This chart is pretty good showing long term trend vs the variance on the smaller time frames. So the shock of that global virus event was pretty good at knocking back all possible premium in the price till we hit a harsh long term price. I wouldnt expect that to happen too often but I'd still say we are well in the realm of positive action as 200 day average shows simply by continuing to rise, still this sell off is quite a short term move.
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OgNasty
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May 31, 2021, 10:23:55 PM |
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I think anyone who is scared right now is acting a bit irrationally. The price is over $30,000. This is something most people thought would have been impossible not very long ago. I think people need to take a longer view of things and stop concerning themselves with day-to-day movements otherwise there is no possible scenario that you will actually hold your coins long enough to make a life changing profit.
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Johnyz
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May 31, 2021, 10:54:19 PM |
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There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
When everyone is one fear, you have to take advantage of this and buy the good projects now because its cheap again and we are still drowning to the dip of this trend. Anyway, just buy if you think its cheap already and if you have extra money don’t be greedy carelessly you still have to analyze and know your entry level.
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Luqman
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May 31, 2021, 11:12:04 PM |
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If you are not sure to buy, just wait for the market recovery. It is not a must to buy on every dump, sometimes we are better to watch or see the possibility of the market trend first. I saw in this forum, many people stated Bitcoin price is likely hard to rise up to $40,000 lately. It is not a good sign to buy a Bitcoin, so better to keep your USD/USDT. Just buy again Bitcoin once the price of Bitcoin can go above $40,000.
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BuNga_cute
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May 31, 2021, 11:58:53 PM |
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If you are not sure to buy, just wait for the market recovery. It is not a must to buy on every dump, sometimes we are better to watch or see the possibility of the market trend first. I saw in this forum, many people stated Bitcoin price is likely hard to rise up to $40,000 lately. It is not a good sign to buy a Bitcoin, so better to keep your USD/USDT. Just buy again Bitcoin once the price of Bitcoin can go above $40,000. Logically there is no problem buying Bitcoin when the price has definitely recovered, and there is no necessity when investing in Bitcoin buy when it dumps. But based on my experience investing in Bitcoin, the profit generated will be much greater when buying a Bitcoin when it dump. The most important thing is that we don't buy Bitcoin when the price is at its peak, it will only make us lose. So the conclusion depends on our respective strategies when investing in Bitcoin, as long as we use money that we can afford to lose it should be safe to invest in Bitcoin.
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magneto
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May 31, 2021, 11:59:59 PM |
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There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
Don't put all your eggs in one basket though. I do think that BTC is likely undervalued from a fundamental perspective right now. However, with the current level of fear in the marketplace, it could be entirely possibly that we see a significant amount of panic selling in the weeks/months that ensue. This is a good point to start DCA'ing from if you are trying to get into crypto. Put around 2% of your total purchase amount each week into BTC without fail for a year, and you should reap handsome profits come the next halving in 2024.
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chikading2016
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Activity: 949
Merit: 48
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June 01, 2021, 05:22:58 AM |
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There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
I always listen to my self I just collect some suggestion but i was the only one who decide because at the end of the day if we loss we are the one to loss so if they said it is time to be greedy, but for me i will still hold till market runs green again, being greedy and selling at loss is really a bad decision I always do that before bit now I understand how crypto works.
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poodle63
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June 01, 2021, 09:36:13 AM |
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Maybe, many people making some amateurish decision and when that happens you can try to get bitcoin at huge discount, i personally trying to find an opportunity to buy when there's this flash dip that deceive amateurs to sell off their crypto posession and I will see it as a great opportunity after all, if you don't take risk you won't making it big, been there done that i did nothing when i got the opportunity to buy coin at discounted price and regret later see all the riches from investment, for example from the movie "The Big Short", if this guy called michael burry didn't take the risk, will he make that much amount of money? i know that's just a movie but that movie also holds truth and based on real story.
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