I cannot stop buying

[Johnyz]

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate  Mobdro

To save yourself from fees, you can do it monthly and that’s a good strategy for your long term goal because Bitcoin will rise again and since you are buying on a averaging method, you can have more profit. Buying bitcoin is always a good decision for me, you’re addict in a good way so don’t worry that much.

[SaShiRaJaVu]

What's wrong here? As long as you are investing money that you can afford to lose, the there is nothing wrong with buying. Keep buying! You won't regret on the long run. Just don't sell when the market is crashing.

The problem is that people will panic when the market starts crashing and probably they will be selling at a loss. If you have a long plan then it is good to wait for the market to go down and then invest for the long term rather than investing when the market is rallying and if you are planning to make a decent profit it is the best solution and the risk is lower, in short just be smart when to invest.

[erep]

You need to stop buying or you will end up like lossing. Buying is need to be done during dip only but if you are addicted on it you will maybe buy even price is high and risky, you need to control your self and make a proper or prudent decision to avoid loss.

The market is currently recovering and I think it doesn't matter if one is addicted to buying now for long term investments, I hope you will get multiple profits when the market goes up in the future.

[STT]

Just make sure you are ready for all outcomes, the reason market reverses to such a large extent (which gives us bargain pricing comparatively tbh) is overwound expectations.  Then we have to spend weeks months or even years after 2017 till a faithful few get their nominal return, if you have patience you should be ok but quite a few maybe myself even can be changeable and decide to trade out at a lower price.   I'd definitely agree with scaling in over time, like as much as 12 months is totally reasonable.   You wont lose out running a marathon not a sprint, from everything Im observed BTC is amazingly gifted with longevity that almost no one presumed there and they keep doubting it now.   So long as the idea of BTC is a usable protocol accumulating in use for larger parts of the world which I think is quite feasible for years then price will follow.
  In short dont over do it, totally avoid leaning into a buy with money you cant leave here..

[carlisle1]

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate  Mobdro

You know already that being addicted on buying btc is not wise, because we dont know if btc will pump or dump after buying it.Thats the reason why some people loss a huge amount of capital specially to those who are not willing to wait for the very best time to sell buying in dip is so easy but waiting for the right time to sell is hard.

It's a loss for those who can't wait and hold, but for people who knows and understand how things works inside this market buying and hold still

possible to gain profits, timing or it's a matter of how you trust your instinct in investing to any form of assets.

Keep doing your best in analyzing your investment, if you think that you have the right pattern then it won't do harm to your case, it's your money
and no one should care more aside from you.

[Silberman]

What's wrong here? As long as you are investing money that you can afford to lose, the there is nothing wrong with buying. Keep buying! You won't regret on the long run. Just don't sell when the market is crashing.

The problem is that people will panic when the market starts crashing and probably they will be selling at a loss. If you have a long plan then it is good to wait for the market to go down and then invest for the long term rather than investing when the market is rallying and if you are planning to make a decent profit it is the best solution and the risk is lower, in short just be smart when to invest.

I think the reason why the person you are quoting above does not see anything wrong is because this is already a great entry point, I have always thought that buying during an all time high is simply a bad idea since you are risking the price goes against you and then you face huge losses, but right now the correction already happened and I doubt we are going to see another correction of the same magnitude so this is the perfect moment to enter the market for a good price.

[Inspiron14]

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate  Mobdro

are you sure you can't stop buying?, even though in this situation you should have done an analysis first,
don't just buy without knowing the information from analysts, hmm, do you follow FOMO? and always buy without doing analysis?,
it would be a pity if that happened

[geegaw]

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate  Mobdro

are you sure you can't stop buying?, even though in this situation you should have done an analysis first,
don't just buy without knowing the information from analysts, hmm, do you follow FOMO? and always buy without doing analysis?,
it would be a pity if that happened

This guy's situation is quite similar to the case of women's shopping frenzy, sometimes analytical parameters will be ignored and not heard, they only hear what the heart and emotions are saying, conformity and precision to the standard are no longer their style. Addiction and buying without such initiative will have two cases, their instincts and estimates will match or the error is too large in the product will make them lose, this situation can sometimes be emotionally refreshing and pleasant but continuously with such intensity, some big loss will need to be compensated is very tiring

[LUCKMCFLY]

I think that the crypto conglomerate can be reduced to the general thinking of some investors, it has been determined that many decisions can be made to have more money, at least so many investors think, in this case a survey affirms that BTC shines even though there was a big drop, confidence increases much more as time goes by:

Bitcoin investors more bullish than ever despite 50% price crash: Survey

Many coins have since recovered significantly, although the market still remains uncertain. Despite this, 87% of the survey’s respondents said they plan to increase their crypto holdings over the next quarter — an increase on the 80% who said the same in Q1.

Some 39% of respondents said they expected the Bitcoin price to have fallen between $56,000 and $70,000 by the end of Q3 2021, while 28% predicted a Bitcoin price between $41,000 and $55,000. The percentage of respondents who believed Bitcoin would reach a price of $71,000 stood at 18%, down from the previous survey’s figure of 20%

Source: https://cointelegraph.com/news/bitcoin-investors-more-bullish-than-ever-despite-50-price-crash-survey

Here it is noted that the Elon Musk effect was only for weak hands and that Elon Musk will no longer have a determining impact on the Bitcoin market.

[STT]

This guy's situation is quite similar to the case of women's shopping frenzy

I recognise that, especially men appreciate a bargain and hence since BTC was previously much more expensive then it must be a good buy now.    I would emphasize the regularity and duration to buying, unlike clothes this is a fungible asset which gives it liquidity and a premium as highly tradable.   Its no good to be buying at 40k in some frenzy but not also buying now and also next month and so on.    It will get quite hard to keep buying with optimism, this is what markets do they wear out people till they give up and then its very close to the bottom price usually presuming the underlying situation has not altered greatly which is the case afaik.
  Never overbuy, if you have bills to pay within the next year with the money being spent now then dont spend it; it can take that long as BTC somehow is both the tortoise and the hare.  Come back when free and clear because its almost like the job of the market to test the strength of peoples resolve, leverage and borrowed money is the first casualty.

[LUCKMCFLY]

The great dreaded death cross was given, some bears are hoping that the price can go down to even $ 20k, but the bulls are supporting the price at $ 31k, some are very afraid, they are already selling because they think the price it will continue to fall, now this is the analysis by cointelegraph:

If the price rebounds off $31,000, the BTC/USDT pair will attempt to rise to $42,451.67. This could keep the pair range-bound between these two levels for a few more days.

On the upside, the rally is likely to face resistance at the 50-day simple moving average ($41,904). If the pair turns down from this resistance, the bears will again try to sink the price below $31,000.

Source: https://cointelegraph.com/news/price-analysis-6-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

It is very difficult to actually predict prices due to the high uncertainty, I think that the best thing for those who have BTC is to stay in HODL mode and for those who can continue to buy in the dip is the smartest thing to do.

[inoes]

it is more about lust.  from now on familiarize yourself when buying btc using analysis first.  Isn't the purpose of you buying BTC to make a profit?  so I'm just worried if you buy without analysis you buy when the price is heading for a correction.  isn't that very painful?  because my assets get  loss more than 50%.  all because of BTC 

[Oceat]

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate  Mobdro

It depends though if you are buying during dip then I suggest you should continue but be mindful of your investment you might not to sell it when the price is below to what you have spent it. There's nothing wrong with impulsive buying but you should also know when to sell if you want some profit but if you are here just collecting Bitcoin, that's not a problem, everyone wanted to do it but they can't.
Although, some are using Bitcoin on their daily lives as if it's a normal fiat currency but this shouldn't be a problem.

[stomachgrowls]

it is more about lust.  from now on familiarize yourself when buying btc using analysis first.  Isn't the purpose of you buying BTC to make a profit?  so I'm just worried if you buy without analysis you buy when the price is heading for a correction.  isn't that very painful?  because my assets get  loss more than 50%.  all because of BTC 

Not actually lust but rather your interest with Bitcoin even though it turns out that you do make out buy without considering on what price you had entered but if OP doesnt actually care on the price he had set in then i dont see anything wrong with these buys.As long he's aware with the risk then that what surely counts.

If he cant just avoid to buy then its up to him and for sure he would really be going for long term or would changed up his mind later on and he might be refraining on buying too much and consider on getting to lower prices if he do aim for money or profit.

It depends on the target because some would really be going for more future years to come before making out any sell.Some would consider on going for short term and buying out uncontrollably.Its still a matter of someones choice.

[uneng]

It looks more like impulsive investing behavior than buying in my opinion. Acting without limits is never good, but in this case I think it's not bad at all since you are investing, what will be very good for your future. If you have spare money there is nothing wrong in buying bitcoin everyday, because if you don't use this money to buy btc, you are going to spend it in other ways that probably won't return you the same benefits bitcoin can give you.
It's not everyone who can afford buying bitcoins in a daily basis, so you should be proud of being capable of doing this and enjoy the opportunity. Just try to do it consciously and not merely impulsively, because it can affect another areas of your life negatively.

[rodskee]

I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?VidMate  Mobdro

Stupid liar, you are not really buying Bitcoin instead you have just created a Eye catching thread to share your links in which we don't know what is that.


but talking about Buying bitcoin constantly?

and yeah that is one of the best strategy human can ever had because buying little by little will increase our holding without feeling deep in spending .

[Obito]

Stupid liar, you are not really buying Bitcoin instead you have just created a Eye catching thread to share your links in which we don't know what is that.


but talking about Buying bitcoin constantly?

and yeah that is one of the best strategy human can ever had because buying little by little will increase our holding without feeling deep in spending .

I think anyone who wants to make money through promotions will probably do anything just so people can pay attention to their works and promotions. The only problem with buying bitcoin constantly is that we might spend more than we need to spend which is problematic because you still need money to eat and live which might likely cause you to prematurely sell your bitcoin because you have to fill in your necessity.