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Author Topic: This sh*t ain't for the faint of heart! 😭  (Read 597 times)
9thsky (OP)
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June 22, 2021, 03:49:00 PM
 #1

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
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June 22, 2021, 03:52:25 PM
 #2

There's a reason why the dollar-cost averaging[1]  strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.

and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now. Tongue


[1] https://dcabtc.com/

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9thsky (OP)
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June 22, 2021, 04:39:56 PM
 #3

There's a reason why the dollar-cost averaging[1]  strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.

and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now. Tongue


[1] https://dcabtc.com/

True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at
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June 22, 2021, 05:10:50 PM
 #4

-snip-
True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at
As a trader, you have it even easier in the current market sentiment, you can bet on both falling and rising prices. For long term hedgers, the only advantage of falling rates is that you get more BTC for your USD.

As a trader, I would not rely on the statements here in the forum, but I would set up a handful of indicators that you trust. Currently, for example, the Crypto Fear & Greed Index is extremely far down, which can be a sign that the price will soon turn up again:



https://alternative.me/crypto/fear-and-greed-index/

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Bitcoin_Arena
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June 22, 2021, 10:16:10 PM
 #5

Depends on what your trading strategy is.

Are you going in long term, short term or Just day trading.

For Long term you need a lot of patience. One can buy even right now but they best time would be a complete bear market dip or what they call the bottom and be ready to wait for 4 years plus just incase the bear market goes on for so long.

Short term, very risky right now, Price might drop further to even $20K

Day trading (spot market) - decision should have been made to buy in the afternoon when it touched $28K and maybe take profits right now.

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j24
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June 22, 2021, 10:24:28 PM
 #6

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Remember when bitcoin was at 9-10k and no one expected it to go higher, then the same expectation at 16, 19, 28, etc.

Be cautious about going all in on an asset that usually surpasses everyone's expectations in both directions.
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June 22, 2021, 11:15:53 PM
 #7

If you just did then you're already ahead and in profit within less than 24 hours. $28k as you've posted and now it's already $32k, that's a real quick profit if you did all in. Since you're a short-term investor as you've said, you've probably had your pay day already without going in a single day.  Grin
Now the question is if you're able to buy when it was $28k or $29k. Then if you did then you're already taken out your share and took the profits as it recovers.

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June 22, 2021, 11:27:01 PM
 #8

True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at

Fun fact: even long-term holders are also in it for the profit. Tongue And even if you were a trader, going all in is definitely not a great idea. How are you going to make back the money if you lost that all-in trade? You're pretty much screwed. That's a lot more of like gambling, not trading.

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Vaculin
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June 22, 2021, 11:46:30 PM
 #9

Too bad to look at that many holders/investors had already sold their Bitcoin at loss.
We mostly think that it going down straight after breaking the $30k barrier for several months but the good thing is that we are rallying back. I almost hit the sell button if that to continue to dump, honestly.

It is to realize that we need not rush thinking for negative, it was better to keep calm. We don't let our emotion drives us as it leads to sad ends.
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June 22, 2021, 11:57:06 PM
 #10

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Not for now I'm waiting to see more deeper since if we act quicky without seeing some possibilities then we might buy at wrong position so better watch closely the market then see the direction of bitcoin goes as well read the chart to see the possible outcome of your trades.

Don't be greedy just wait more and earn by doing a right decision.

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June 23, 2021, 04:27:00 AM
 #11

Depends on what your trading strategy is.

Are you going in long term, short term or Just day trading.

Indeed, you cant just listen all advices here because you can always decide for yourself depends on which type of trade are you going to integrate or use. As it also alwaya depends on how your technical analysis showed your way.  But going all in your balance is sure risky if you arent that sure that your short or long entry position will further gonna hit smoothly or not.
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June 23, 2021, 05:26:46 AM
 #12

There's a reason why the dollar-cost averaging[1]  strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.

and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now. Tongue


[1] https://dcabtc.com/

As a person formerly an emotional and impulsive buyer that took a few ICOs and regretted because I used BTC to get into them,,, I can attest to this 100%.

Once I started committing to dollar-cost averaging, it took me a while but now it is almost like paying bills or getting salary. It happens around the same time. I am tempted still to buy more or even sometimes alts, but if you hold out long enough then you see the gains of DCA and can truly appreciate the strategy.

While having a real life outside of trading:)

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June 23, 2021, 05:46:28 AM
 #13

Once I started committing to dollar-cost averaging, it took me a while but now it is almost like paying bills or getting salary. It happens around the same time. I am tempted still to buy more or even sometimes alts, but if you hold out long enough then you see the gains of DCA and can truly appreciate the strategy.
I DCAed during the last bear market, there is unfortunately anything but fun when you see week after week that the capital invested is less and less Cheesy
Phases like now between September 2020 and May 2021 are indeed fun as hell when you realize that you have not only massively pushed down the average price of your coins  through DCA but then can finally reap the fruits of years of saving.

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June 23, 2021, 09:31:34 AM
 #14

Depends on what your trading strategy is.

Are you going in long term, short term or Just day trading.

Indeed, you cant just listen all advices here because you can always decide for yourself depends on which type of trade are you going to integrate or use. As it also alwaya depends on how your technical analysis showed your way.  But going all in your balance is sure risky if you arent that sure that your short or long entry position will further gonna hit smoothly or not.
Listen to all of the advice here will not be a problem because that can give you more information on the market analysis. Maybe you can separate each of the information and find more signals that will be useful for you. By having that info, you can know when to do long-term, short-term or even day trading because you can analyze to find the time to enter the market.

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Kelvinid
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June 23, 2021, 10:43:14 AM
 #15

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Not for now I'm waiting to see more deeper since if we act quicky without seeing some possibilities then we might buy at wrong position so better watch closely the market then see the direction of bitcoin goes as well read the chart to see the possible outcome of your trades.

Don't be greedy just wait more and earn by doing a right decision.
It all gonna be surprising, even having a good TA can't really be a big help.

The price of Bitcoin just reach $28k in the past few hours (it is likely people are selling their Bitcoin fast) but look, we are not at $32k. I believe we might miss the chance of buying at its dip (I'm in regret), we are moving back at high again. Well, we can still ride the market before it stops and back to drop again.

And I'll be thinking now if this will lead to another ATH or we just stop at $40k. Nothing is impossible, though.

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maydna
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June 23, 2021, 12:14:30 PM
 #16

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

I want to buy more BTC but first I need a new wallet. My plan is to take half of my June salary and invest it at the end of the month. Would be nice if the price could stick around $25-30k. It might be going down more in the next few weeks, but long term the trend is upwards. Going all in is a bit risky in my opinion, better to split the money into BTC and some alt coins to lower the risk profile.
I am not sure if the price will be around $25k-$30k, but it could happen if people are selling their bitcoin because of the other bad news that comes in social media. I suggest you not buy bitcoin at once with half of your salary but split it into many levels of the prices so you can get a lower average buy price. That will be good for you to sell it some amount once the price increase. Otherwise, you can hold it for a long term until the bull runs coming again. But be careful if you want to invest in altcoin as the altcoin always follows bitcoin movements. But diversifying your investment in the altcoin can be good for you as long as you can buy the altcoin at a low price, so you don't have to worry about seeing the price fluctuating.
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June 23, 2021, 12:25:38 PM
 #17

Firstly, the idea of go all in is not best for any competent trade. Market can remain emotional  longer  than you can remain solvent (John Keynes)  The opportunity to buy the best price will always be there regsrdless of what is going on in the market! Bitcoin below $30000 is attractive but I I will rather buy every instead of going all in at a time!

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June 23, 2021, 01:11:05 PM
 #18

No one knows how the market will move so we can't tell if the $28k dump recently was already the bottom. It is always better to not go all-in when buying these dips. Though you will still be in profit in few years but it is still better if you can accumulate at a lower price. We bounced hard from that previous dump but we can't confirm yet if the price won't go any lower than that. If a fud suddenly shows up, bitcoin's price could go down again quickly.
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June 23, 2021, 04:49:49 PM
 #19

Now might be pretty much a very good time to buy, at least better than last week or the week before that but, that doesn't mean the weeks behind weren't better nor is this the nest time of all. You don't know what the weeks ahead holds, either its still going to fall below where it is now or we might see a rise in the price of bitcoin and alts as well.

What should be of your utmost concern isn't when you buy. Your concern should be on ways of making profit from where you buy, either by trading it, loaning it, providing liquidity pool by farming it or hodling it till it reads you some profit. Where you buy doesn't really matter! Bitcoin has got 24/7 a year round liquidity because people are actually buying and selling despite the price. You should too and have a plan to push you into profit.
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June 23, 2021, 05:52:15 PM
 #20

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
Every time is not a buying time for me, there are times I don’t buy at all. And when a bull is going down I just don’t jump at it and buy. Next is that I already have Bitcoin, and I also have a lot of other altcoins like ADA, ETH, and the rest of them even after I have sold some of them for profit. So, there is no need for me to rush and buy more coins when I still have some.

And I am not so sure whether the market has reached its lowest at the moment. I am not the type that is always buying all the time, sometimes I leave what I have and I only buy and sell when I feel it is right to do so.
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June 23, 2021, 06:32:27 PM
 #21

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
I think that going in and investing and what point you do that is highly dependent on your own strategy and how much investment you are comftorbale putting at, if you plan on going for the long run which most likely you should do right now, the price stating in the 30k range seems like a good place to invest and hold for a long time, and if you are planing on going short term you should consider buying as soon as the price goes below 30k which it happened briefly and who knows if its going to happen again.
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June 23, 2021, 07:57:10 PM
 #22

Now might be pretty much a very good time to buy, at least better than last week or the week before that but, that doesn't mean the weeks behind weren't better nor is this the nest time of all. You don't know what the weeks ahead holds, either its still going to fall below where it is now or we might see a rise in the price of bitcoin and alts as well.

What should be of your utmost concern isn't when you buy. Your concern should be on ways of making profit from where you buy, either by trading it, loaning it, providing liquidity pool by farming it or hodling it till it reads you some profit. Where you buy doesn't really matter! Bitcoin has got 24/7 a year round liquidity because people are actually buying and selling despite the price. You should too and have a plan to push you into profit.
I think too this week or end of this week is best time to buy in next couple of months. Market should move forward when we enter Q3
As things look now, I would be tempted to agree that Q3 will be a better time for all the markets. The reason is that recently until now the market has been on recovery and correction trends, it will only take a few more attempts to see the rally back again. This is my opinion so by no means this is financial advice to anyone, it is just what I believe.

Yup, hopefully we see more green soon.
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June 23, 2021, 09:56:56 PM
 #23

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
This market is composing of those with those fellas whom do easily freak out when the price is declining and to those fellas who had been seeing these declines as opportunities to get in and it isnt something that you cant really see everytime the market do make its move and its true that this investment isnt really for those faint heart out there because you wouldnt know on how the price will move in next minute or hour so you should really be prepared.
You should get yourself prepared from time to time and if you are someone who doesnt really like volatile prices then this investment isnt really for you.

R


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June 23, 2021, 11:46:19 PM
 #24

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
This market is composing of those with those fellas whom do easily freak out when the price is declining and to those fellas who had been seeing these declines as opportunities to get in and it isnt something that you cant really see everytime the market do make its move and its true that this investment isnt really for those faint heart out there because you wouldnt know on how the price will move in next minute or hour so you should really be prepared.
You should get yourself prepared from time to time and if you are someone who doesnt really like volatile prices then this investment isnt really for you.
Feels that they are getting crazy when seeing the market will dump and started to sell their coins immediately. For sure, we can say that why not HOLD and stay CALM, but honestly, it is a common feeling, it is a nature as a human being, and really hard to control. And this is it helps the market remains unstable, volatile, or whatsoever unpredictable.

Although we keep saying to get prepared all the time, it gonna be easy to forget when emotions control them. And this can never be stopped.

R


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June 24, 2021, 12:39:44 AM
 #25

Now what.? After all in then it will still fall down? Have you ever thought if this is just a bear trap or what?

On the other hand, since we saw ATH from $50k to $60k this recent price at $28k is still a good price to buy. Ain't? Its still better to still buy some at this point, then hold for a long term. But not to all in your money. I mean, you can still diversify it with other altcoins. We dont know yet until when this bearish moments will lasts.
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June 24, 2021, 01:05:36 AM
 #26

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
This market is composing of those with those fellas whom do easily freak out when the price is declining and to those fellas who had been seeing these declines as opportunities to get in and it isnt something that you cant really see everytime the market do make its move and its true that this investment isnt really for those faint heart out there because you wouldnt know on how the price will move in next minute or hour so you should really be prepared.
You should get yourself prepared from time to time and if you are someone who doesnt really like volatile prices then this investment isnt really for you.

yeah right, if you are not ready with heavy volatility then forget about that temptation, going all in is not a good strategy unless you are willing to take the risk with full responsibilities.

if you are okay with a gambling type set up within your trades, buying that dip and selling it from this current value brings you decent profits.

Though it's not everyday that the same pattern will happen, there's also a high chance that the market will fall further, but if you are willing to hold and wait, it's not a problem at all. If you failed with your short-term ride, better to keep it and forget about doing anything with your asset, keep it store inside your safe wallet and let the market move till it reached your target.

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June 24, 2021, 04:12:31 AM
 #27

~
Uhmm.. just like everyone trading in here are in it for profits. I don't think people trade to get losses.
Why not take a chill pill, OP? Enjoy the opportunity to buy more and wait til the price again goes back up. Actually it was now up to about 33k as of writing this and that 28k that you and I saw just happened in the blink of an eye before it get back up again.
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June 24, 2021, 04:30:43 AM
 #28

It seems the price moves from $30k-$34k many times. It is the opportunity to buy low and sell high as I see that will be good to trade. But in these situations, I think day trading will not be too difficult if the price still moves like that but you need to analyze before you trade. You can buy today and hold it and sell it tomorrow so you will still make a profit in this situation.

However, if you think that day trading is hard, you better not force yourself to enter the market because that will not easy to determine the time to enter the market. I prefer to watch and see because I am sure there will be a time for us to buy low and sell high.

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June 24, 2021, 09:01:36 AM
 #29

Once I started committing to dollar-cost averaging, it took me a while but now it is almost like paying bills or getting salary. It happens around the same time. I am tempted still to buy more or even sometimes alts, but if you hold out long enough then you see the gains of DCA and can truly appreciate the strategy.
I DCAed during the last bear market, there is unfortunately anything but fun when you see week after week that the capital invested is less and less Cheesy
Phases like now between September 2020 and May 2021 are indeed fun as hell when you realize that you have not only massively pushed down the average price of your coins  through DCA but then can finally reap the fruits of years of saving.

I did enjoy seeing big Bitcoin buys when receiving my payments (as I asked to get it in BTC) and yes, slowly since 2018 it started getting smaller and smaller (except the crash in 2020 when it temporarily became quite big again for a while). But that is the beauty of DCA even though it gets smaller, you know price is increasing so all previous buys become more valuable:) So fun right?SmileySmiley

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June 25, 2021, 11:09:11 PM
 #30

True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at
I will prefer not to all in if I am a day trader. I will diversify my funds in order to get every drop if it is happening.
Moreover, the weekend is commonly very not stable market, the price will commonly drop very drastically. Moreover, we must also see the news around the day.
Sometimes, we can also see the chart in 4 hours or other timeframes (based on our own strategy).
Actually, day trade in the spot may be still working although it is risky, I don't want to set a high-profit target because right now, the market is really not rpedictable.
I will prefer to get small profits and do scalping again, no worry, it better to get small profits but we can do more trades at the days than waiting for higher profits but in fact, it doesn't touch our price target.

However, whatever your strategy, ensure that you are ready for the RISK OF LOSiNG MONEY
because without it, you will feel stressed when the price suddenly dropped.

R


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June 26, 2021, 04:47:27 AM
 #31

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Dollar cost average you position then, don't go all in instead buy a certain amount of dollars worth and continue buying if it dip more than what the price currently is. The amount is very volatile this days and you can't predict what the next move of the market is. It could bounce back up with a tweet from Elon any moment now.

That shouldn't be so but that's what the market has turned into, a tools used by the elites to make more money for themselves. We let this happen so we have to live with it. Thought we learnt our lesson from previous incidents of influencers toying with the market for their selfish gains but that wasn't the case, we let Elon have all the power over the market he currently has so we have to live with that.

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June 26, 2021, 05:30:35 AM
 #32

To be everyone who is having doubts about going in the current price of the bitcoin market, remember that you should decide for yourself what you should do. OP is right, this isn't for the faint of heart. For me, going in the market first is much important than waiting for the prices to be so cheap because that time might not arrive.
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June 26, 2021, 05:33:52 AM
 #33

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
its been how many attempts that bitcoin going near to that value but still bouncing back to the top.. So it's a sign that it will never go down further..  Just get in mate if you have free money to invest and hold for long term, in fact there's no problem with that because bitcoin still aggressive, but remember to invest what amount you can afford to lose so that no problem..what i mean even you leave your money on it  no stress..
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June 26, 2021, 08:50:00 AM
 #34

To be everyone who is having doubts about going in the current price of the bitcoin market, remember that you should decide for yourself what you should do. OP is right, this isn't for the faint of heart. For me, going in the market first is much important than waiting for the prices to be so cheap because that time might not arrive.
Indeed, those who live in doubt will never be given a chance to improve themselves but to keep where they are today. Risk-takers will win, that is the reality not only in crypto but in real life as well.
Anyway, it has to know that crypto investment hasn't good always, not all the time we are in profit, a thing that can never be changed. And those who have a faint of heart will really be disappointed when seeing their fund is decreasing.

R


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June 26, 2021, 09:16:26 AM
 #35

Indeed, those who live in doubt will never be given a chance to improve themselves but to keep where they are today. Risk-takers will win, that is the reality not only in crypto but in real life as well.
Anyway, it has to know that crypto investment hasn't good always, not all the time we are in profit, a thing that can never be changed. And those who have a faint of heart will really be disappointed when seeing their fund is decreasing.
It's easy to remove the doubt, just give them the evidence that things will work out if they try, many people just want to see something to believe it. I agree that risk takers will win but I also like to add that the smart risk takes are the ones that will get ahead and be more successful because they will find the ins and outs.

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June 26, 2021, 09:41:44 AM
 #36

There's a reason why the dollar-cost averaging[1]  strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.

and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now. Tongue


[1] https://dcabtc.com/
Exactly it is one of the most implement strategy by the traders.For better clarification for newbies I would like them to show graphical representation of dollar cost averaging and how you can profit from it.


See how the same Amount invested at regular intervals lead you to gain more.This is how it should be done and instead of holding all at once you should try to accumulate at dips.

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June 26, 2021, 01:42:15 PM
 #37

~
Indeed, those who live in doubt will never be given a chance to improve themselves but to keep where they are today. Risk-takers will win, that is the reality not only in crypto but in real life as well.
Anyway, it has to know that crypto investment hasn't good always, not all the time we are in profit, a thing that can never be changed. And those who have a faint of heart will really be disappointed when seeing their fund is decreasing.
I don't believe that they won't be given any chances, let them see for what you are preaching and I am pretty sure that they will probably have less doubt little by little.
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June 26, 2021, 06:19:18 PM
 #38

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
This game is never an easy one to play. Not everyone can do this type of investment, because it’s not so easy. This is a very risky thing for anyone to do. So anyone that plans to be cryptocurrency trader has to prepare themselves for the risk ahead.You have to plan at the right time and invest. When the price crashed in 2020  it was repeatedly being said that then was the best time for everyone to start buying and some people never took that opportunity, maybe because they felt it was over for bitcoin or they thought that the price was still going to decrease further.

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June 26, 2021, 09:11:46 PM
 #39

You have to plan at the right time and invest. When the price crashed in 2020  it was repeatedly being said that then was the best time for everyone to start buying and some people never took that opportunity, maybe because they felt it was over for bitcoin or they thought that the price was still going to decrease further.
First we need to accept the fact that Bitcoin is here to stay and if we have that understanding then the risk factor or the pressure and anxiety when the price drops is minimal because you know that the price will always recover but you need to understand that it is always wise to invest during a market correction and even if the market goes down further all you need to do is to be patient and wait for the recovery even if it takes a few years.
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June 26, 2021, 10:06:13 PM
 #40

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
When you do consider out on how the market behaves and those kind of opportunities' for you to make money then you can really see the chances are there and its only just up to someone on how they would be taking out actions according on what they had observed because not all would really be ending up on the same mindset when seeing into something.Some wouldnt care and some would see it as an opportunity.
This market isnt really for the faint hearted and if you do find out that volatility is just too much to handle then you would really be finding out this market would be stressful for you.
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June 26, 2021, 10:52:46 PM
 #41

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
Wait, what do you want from trading? Do you wanted to buy bitcoin exactly at $28,808.00 ? What did you want? To buy today and become rich tomorrow? If you think that price is high at the moment and there is the possibility of price fall, then you can call short on futures trading and you'll profit when the price declines.

Every time is a good time when the price is far from it's all time high, that's what I think and that's what has always succeed for me. It's not necessary to check your portfolio every day and every time, just seat and wait. One year ago, bitcoin's price went from 9K to almost 3K, I really missed that moment and the second day price recovered. If I have watched that fall, I would panic and sell, glad I missed that moment.

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June 26, 2021, 11:05:25 PM
 #42

You have to plan at the right time and invest. When the price crashed in 2020  it was repeatedly being said that then was the best time for everyone to start buying and some people never took that opportunity, maybe because they felt it was over for bitcoin or they thought that the price was still going to decrease further.
First we need to accept the fact that Bitcoin is here to stay and if we have that understanding then the risk factor or the pressure and anxiety when the price drops is minimal because you know that the price will always recover but you need to understand that it is always wise to invest during a market correction and even if the market goes down further all you need to do is to be patient and wait for the recovery even if it takes a few years.
That is supposedly what we gonna do but can't deny that many had struggled to understand the market and to control their emotions. They become doubtful and emotional pressure leading to a wrong decision. I cannot blame them either because this was a free market and I think they their own. But, if this often to happens with them, sooner or later, they will be out in the market with big losses.
I don't want to reach that point and we become hopeless so better to control our emotions before it getting worse and unable to control them.



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June 27, 2021, 07:18:39 AM
 #43

If you don't use money that initially was planned by you for buying something else making decision to buy the dip actually become a lot more easier,
moreover if you trying to save up money for investing, basically allocating that money for investing only it could give you courage to buy the dip.
Trading is not for the faint heart indeed, but it's basically the same as other business or any money making activities there's always risk involved,
you see those billionaires taking risk like elon buying tesla when it was about to go bankrupt, faint hearted people definitely not gonna do that, and it works like that in crypto market as well.

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June 27, 2021, 08:12:06 AM
 #44

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
Even I am always very much concerned about the diversification principle, I would suggest anyone to go for buying bitcoins with all their capital right now. Because this must be very good time for making quick profits out of bitcoin investments like we might get opportunities to make at least 5x in next 4 to 6 month of time itself. So, the risks might be worth the profits.

if you trying to save up money for investing, basically allocating that money for investing only it could give you courage to buy the dip.
When you are dealing with highly reputed investment opportunity then you never need to worry about other things; it means you can go with all your courage to buy bitcoin at the current dips because it will never disappoint you for sure.

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June 27, 2021, 11:10:43 PM
 #45

Not going to all in whether the market is good or bad. Because it is too risky and I am not a high-risk taker.
The price of Bitcoin will be always changing, every day. We can take or buy at some rate Bitcoin and sell them at a higher price, of course, simply. But, how if the price goes down again? For me, no problem as long as I am still holding it in wallets.
Alternatively, if the price doesn't drop too much, it may use the cut loss feature in order to take other profits from another trading.
In fact, there is no bottom price exactly to know and the highest price exactly know. But we can do wisely whatever the rate we take.
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June 28, 2021, 12:50:06 PM
 #46

Not going to all in whether the market is good or bad. Because it is too risky and I am not a high-risk taker.
I don't think so, since you are here in crypto, therefore, you are already taking the high-risk and you are contributing to the volatility of the market.

Quote
The price of Bitcoin will be always changing, every day. We can take or buy at some rate Bitcoin and sell them at a higher price, of course, simply. But, how if the price goes down again? For me, no problem as long as I am still holding it in wallets.
Alternatively, if the price doesn't drop too much, it may use the cut loss feature in order to take other profits from another trading.
In fact, there is no bottom price exactly to know and the highest price exactly know. But we can do wisely whatever the rate we take.
We can never change how the market is behaving. Ups and downs will add color to the market. Whether we like it or not, we can do nothing with this but instead, help ourselves to adopt the way it is. I think it wasn't a big problem as long as we know how to make deal with this volatile nature.

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June 28, 2021, 01:08:32 PM
 #47

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
If you bought at the price of $28k, then you made a good profit already right now because we're on a green candles but going all in is not a good idea because that's too risky since no one anticipate the market to recover this easily. You can buy some Bitcoin and some altcoins, because having a diversified portfolio is much better. Don't panic, stay focus and see the red market as an opportunity while green is about taking profit.
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June 28, 2021, 03:20:00 PM
 #48

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

You will probably never be able to see a good time because you keep thinking this is not a good time let me wait a bit, only when that price has long gone you then realise that  was a good price to buy, am sure at 28k you probably thought it will go below and not the right time but now that the price has passed you have realise it, better to make up your mind and buy what you can because procrastinating it won't help you either, you will get confuse the more and miss good buy in opportunity.

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June 28, 2021, 05:14:42 PM
 #49

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
If you bought at the price of $28k, then you made a good profit already right now because we're on a green candles
Perhaps you are right but it not all the people that bought during the $28K make make good profit because all depend on the amount invested.


 
but going all in is not a good idea because that's too risky since no one anticipate the market to recover this easily.
It still not too risky and it the trend change unto dip what is needed is changing of decision from short to long-term to minimize the risk.

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June 28, 2021, 06:06:47 PM
 #50

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Now it is very difficult to say which price for bitcoin is the best for investing. But what you need to buy at the support levels and sell at the resistance level will be the right decision as long as the BTC price is in this range. But you should not go all-in even if you are sure that the price will move in the right direction, because the market is still not predictable.

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June 28, 2021, 06:44:09 PM
 #51

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Now it is very difficult to say which price for bitcoin is the best for investing. But what you need to buy at the support levels and sell at the resistance level will be the right decision as long as the BTC price is in this range. But you should not go all-in even if you are sure that the price will move in the right direction, because the market is still not predictable.
I myself didn't buy on 28k because I thought it will continue because the bears ended up passing through the major support line I found but it ended up as a bear trap. It is true that going all-in is very risky in this type of market since everything is unpredictable and volatile. Those who watched 28k last drop surely did earn a pretty good profit today but those who sold because of the bear trap regret it for sure.
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June 28, 2021, 07:29:48 PM
 #52

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

You will probably never be able to see a good time because you keep thinking this is not a good time let me wait a bit, only when that price has long gone you then realise that  was a good price to buy, am sure at 28k you probably thought it will go below and not the right time but now that the price has passed you have realise it, better to make up your mind and buy what you can because procrastinating it won't help you either, you will get confuse the more and miss good buy in opportunity.
thats not what you called procrastinating but it was called nervousness if they are doubting if they will buy on that price or not but 28k was really a good offer .
 it was over and price have increased now but i think many people have joined the ride because so many times they have been remind of buying whenever theres a decline .
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June 28, 2021, 07:56:30 PM
 #53

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

To be an investor you have to think like an investor. Those who are planning to make long term investments can buy at any time depending on the condition of the market. It is very difficult to predict exactly where the market will go, so one opportunity is missed and another may come again, there is no need to be so easily emotional. Patience is a big thing when it comes to longterm investments. If you can't withstand the ups and downs of the market, you won't be able to make longterm investments, because you will panic selling your hodl bitcoin at any time.

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June 28, 2021, 11:27:34 PM
 #54

Not going to all in whether the market is good or bad. Because it is too risky and I am not a high-risk taker.
I don't think so, since you are here in crypto, therefore, you are already taking the high-risk and you are contributing to the volatility of the market.

I really know that become a part of it and the crypto market is very risky. But, it doesn't mean to force me to take the high risk by investing all in and also investing in such tokens or coins that may give higher risks like new coins or tokens. That is why in this case, certain strategies must be based on what we can afford, not what the market is right now.
I am aware of what I am doing right now and I am also aware of what I am able to afford to lose. So, I will becomerealistic. Not to force me. And this doesn't mean that I am an afraid person and should not be in the crypto world because I am not a high-risk taker, I am just aware of what I am able to afford.
And I am sure that everybody here also has their own choice and strategy. We can reach our own profits based on our strategy, and also we have our own risks of loss to be able to afford.
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June 28, 2021, 11:34:50 PM
 #55

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

To be an investor you have to think like an investor. Those who are planning to make long term investments can buy at any time depending on the condition of the market. It is very difficult to predict exactly where the market will go, so one opportunity is missed and another may come again, there is no need to be so easily emotional. Patience is a big thing when it comes to longterm investments. If you can't withstand the ups and downs of the market, you won't be able to make longterm investments, because you will panic selling your hodl bitcoin at any time.
You should fix up your mind on that way because if you wont prepare yourself on having this kind of mindset then you arent ready on taking the deal with the possible scenarios or situations that you might faced up in the market.Better make yourself ready so that whenever or whatever situations you might able to face then at least you had already prepared and anticipated so that you wont get shocked but having those newbie reactions are common specially when its our first time but as the time goes by or experience you would gain in the market then you would definitely get used to it.

R


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June 29, 2021, 05:02:53 PM
 #56

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
Things like this are the reason why you shouldn’t let your emotions control, because this clearly shows that your emotions are about to get over you. Well even at that, just try to be careful not to make any mistake and take it easy and slow.

I have a friend ,during the bull run we had around December of 2017, he didn’t buy Bitcoin because he was scared and thought it was scam as he kept saying that since there is no centralized organization or company that controls/owns Bitcoin and shows themselves, then he can’t believe in it. He kept saying that and price moved from $3000 to $18,000 and that was when it dawned on him that he has missed a really big opportunity, and he then felt it would be a good idea and he invested and the market crashed when it touched $19,000 and he lost money instead of profit. So never let your emotions get over you. Control yourself and buy at the right time.

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June 29, 2021, 09:12:32 PM
 #57

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Now it is very difficult to say which price for bitcoin is the best for investing. But what you need to buy at the support levels and sell at the resistance level will be the right decision as long as the BTC price is in this range. But you should not go all-in even if you are sure that the price will move in the right direction, because the market is still not predictable.
I myself didn't buy on 28k because I thought it will continue because the bears ended up passing through the major support line I found but it ended up as a bear trap. It is true that going all-in is very risky in this type of market since everything is unpredictable and volatile. Those who watched 28k last drop surely did earn a pretty good profit today but those who sold because of the bear trap regret it for sure.
I did really missed that opportunity but I haven't sell off my coins and stood strong to hold because I know that recovery would happen next.I was doubtful on taking action on buying on 28-29k on believing that the price could go even more lower but we are all wrong.

Basing up with technicals then it is actually showing off bearish movement but that was actually some trap and same as you said I do feel sorry for those who had panic sell on that time
and lucky for those who had risked out on buying that one.

This proves out that this market is way too unpredictable.Its a matter of risk taking if you do really like to profit.

R


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June 29, 2021, 09:18:39 PM
 #58

@OP did you allowed that temptation to purchase bitcoin when it was $28k? I bet that you did and you're now in profit if you did it.

This proves out that this market is way too unpredictable.Its a matter of risk taking if you do really like to profit.
It's common and usual, that's the main character of bitcoin. Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.



 

 

 

 

 

 


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June 29, 2021, 11:02:26 PM
 #59

@OP did you allowed that temptation to purchase bitcoin when it was $28k? I bet that you did and you're now in profit if you did it.

This proves out that this market is way too unpredictable.Its a matter of risk taking if you do really like to profit.
It's common and usual, that's the main character of bitcoin. Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.
And those who stay stronger and keep believing the capabilities of Bitcoin will surely be rewarded in the end. Some just lose their grip when seeing declines and somehow it changes their mind as well.

Crypto trading is not just only of having knowledge and skills but it is a matter of trust and confidence and too sad that many were still don't have it. Well, that's their choice and we can't urge people to stay positive, and they don't have the right to blame the market for their losses because it was their fault in the first place.

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June 30, 2021, 06:50:46 AM
 #60

Don't be tempted to go all in. at least leave 20% of capital for unexpected events. $28k is a good time to enter and now the price has touched $36k. Of course, if you decide to enter at a low price, you will benefit now. Some people always buy incrementally at each deep price. and $28k is deep's current price. all decisions depend on how you do the analysis. the possibility of ups and downs is certain. It's just how you position it, you have to really think about which position you have to enter and exit. Don't be too greedy and panic too much.
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June 30, 2021, 09:39:35 AM
 #61

Now the prices are going up again, it's not the best time to get in because the prices will probably go down again more than ever and if that time ever comes probably getting in that price is the best course of action.
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June 30, 2021, 12:02:01 PM
 #62

Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.
It might seem beautiful for the people who are looking for another round of opportunity to buy more for cheaper prices but for the people who are trading actively and have bought around ATH must be a pain in heart. When we are fully aware of fundamentals of bitcoin then definitely will stay more confident about the recovery of markets so that we might go happily to make use of such dips.

Now the prices are going up again, it's not the best time to get in because the prices will probably go down again more than ever and if that time ever comes probably getting in that price is the best course of action.
Do you have any constructive theory about why market will come down again? If you're saying it will come down randomly then there will be equal chances for market moving toward a new ATH as well. This is the reason you must make use of all available dips rather than waiting infinitely.

I'm sure we no more can see $30k to happen again. At the same time buying bitcoins with all of our capital right away is also not recommended by me.

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June 30, 2021, 02:54:24 PM
 #63

I'm sure we no more can see $30k to happen again. At the same time buying bitcoins with all of our capital right away is also not recommended by me.
I agree with the speculation about $30k price levels; in some sense that we are already done with the bear market of current cycle which means the remaining months of this year will be positive so that we may get reach to $280k levels before end of this year. Some experts are still spreading FUDs like winter season for crypto is arriving right now, but I am also confident about seeing strong bull markets in July month onward.

When we are confident about having bullish trend in coming weeks, why not we may invest all our money into bitcoins with short term plans? Because when your TA is in favor of getting you quicker 2x returns why not risk at least with bitcoins as you are always having the second chance of converting your trades into long term holding.

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June 30, 2021, 03:10:25 PM
 #64

If you really did it then, congratulations.
Sometimes all you need is a bit of courage to take the risk. I have read that you are a trader and a short-term one.
You did a good choice and most probably you have already sold what you bought. If I have the budget, I might have also done the same thing, but it's just to keep it long-term.
That low price could be a once-in-a-lifetime chance and we may never see it again.
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June 30, 2021, 06:39:16 PM
 #65

If you really did it then, congratulations.
Sometimes all you need is a bit of courage to take the risk. I have read that you are a trader and a short-term one.
You did a good choice and most probably you have already sold what you bought. If I have the budget, I might have also done the same thing, but it's just to keep it long-term.
That low price could be a once-in-a-lifetime chance and we may never see it again.
Having this kind of mindset on where i do think that those low prices couldnt really be seen again in the future and once i do see some opportunity and my guts do tell me to get in then i do usually follow on what
my mind and emotions been telling.Yes its bad to have that kind of behavior when it comes to investment decisions but this do actually works for me but this one isnt really recommended but so far im still on the positive side and keep in mind that once you had step in your foot into crypto market then always anticipate about unpredictable movement of prices because this had been always the case.
If you are a type of person who are emotional and impulsive about losing money then better skip out.

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June 30, 2021, 09:46:33 PM
 #66

This proves out that this market is way too unpredictable.Its a matter of risk taking if you do really like to profit.
It's common and usual, that's the main character of bitcoin. Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.
And those who stay stronger and keep believing the capabilities of Bitcoin will surely be rewarded in the end. Some just lose their grip when seeing declines and somehow it changes their mind as well.

Crypto trading is not just only of having knowledge and skills but it is a matter of trust and confidence and too sad that many were still don't have it. Well, that's their choice and we can't urge people to stay positive, and they don't have the right to blame the market for their losses because it was their fault in the first place.
We will surely be rewarded just as we're rewarded during the last bull run. Actually not just every bull run but every time we use bitcoin for things that we need, it's already a great reward. We have it for holding as an investment and as well as for spending. The confidence in trading is hard to maintain especially in this type of market that's very volatile. One can lose it effectively immediately when he's out of nowhere with his trades.

Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.
It might seem beautiful for the people who are looking for another round of opportunity to buy more for cheaper prices but for the people who are trading actively and have bought around ATH must be a pain in heart. When we are fully aware of fundamentals of bitcoin then definitely will stay more confident about the recovery of markets so that we might go happily to make use of such dips.
Experience makes us confident with our trades and this is making us look at the opportunity when there's a drop instead of fear.



 

 

 

 

 

 


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June 30, 2021, 11:12:17 PM
 #67

People always change their minds after the fact. When they sell and it's crashing they feel relieved, but then it goes up and they are full of regrets. They knew it could happen so there's no point in dwelling upon it.

I agree OP this is only for people who don't give a shit and can walk away knowing their portfolio is worth 20% less. You just cannot fall into this spiral of reacting to market moves with a delay. You have to anticipate them or go back to holding.
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June 30, 2021, 11:23:13 PM
 #68

Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.

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July 01, 2021, 11:57:03 AM
 #69

many people are complaining every time the price drops a lot and think they missed a great opportunity that they will not have other opportunity, but this is not true and time always shows that when the price drops to a certain support, one day it can come back to touch this support. see the example of $31000 - $28000:



there are 5 buying opportunities that people had and with chances of selling at $37000 to $39,000 and would return to buy at $31000 to $28000

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July 01, 2021, 03:18:32 PM
 #70

There's a reason jobs with hazard are paid higher than those with little or no hazard at all. It's the same thing that happens with investments in cryptocurrencies. Yes, crypto comes with unmitigated risks because of it's volatility nature the same way its ROI is enticing. In all of this, it behooves anyone trying to make headway into crypto to first acquire the relevant skills set for it. That way it will help reduce the unnecessary risk and waste of capital as the person involved knows what to expect and all that.

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July 01, 2021, 06:19:50 PM
 #71

many people are complaining every time the price drops a lot and think they missed a great opportunity that they will not have other opportunity, but this is not true and time always shows that when the price drops to a certain support, one day it can come back to touch this support. see the example of $31000 - $28000:



there are 5 buying opportunities that people had and with chances of selling at $37000 to $39,000 and would return to buy at $31000 to $28000
I didn't really check the history these days but this is confirming what I already assumed. It is historical data so this doesn't say anything about the past, and since we are not jedi neither we can talk in absolutes as well Cheesy. Bitcoin had so many ups and downs these days, I knew that if you are a good trader you could have made some profit this way.

Just to calculate, let's say you started out with 10k and bought bitcoin when it first reached 30k that means you would have around 0.3333 bitcoin, and you sold it when it reached 40k that means around 13.2k dollars, then you buy again at 30k that is 0.44 bitcoin, and sell at 40k, that is 17.6k and buy again at 30k which is 0.58 bitcoin and sell again at 40k that is 23.5k dollars, the most recent was 28k but let's say last one with 30k buy and 40k sell and you got yourself 31k+ dollars, yes that is right within this 1.5 month or so period, if you bought at bottom and sold at peak you would made 3x return from simple 30 to 40 moves.

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July 01, 2021, 06:32:06 PM
 #72

Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
You should not do that if you have lost your money then regret will definitely happen, it's better to play safe and stay patient in dealing with this, remember greed will lead us to the same hole and this will make you more devastated to buy coins that are not worth it.
We need time to take the right and big profits later, I think we need strong analysis to assess how this coin moves, there is no need to rush I am sure we all know these fluctuations can make us a little relieved because the price is still a little up and down.

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July 01, 2021, 06:52:59 PM
 #73

Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
Going all in if you can afford to loose your money? Does that make it a spare money?
In some way it does but, then my issue with this is in the fact that, having the mindset of the lots of coins you would have earned in cause of a rise from the previous fall could be greed setting in and in many ways that could be that.

You begin to regret over making a little when you feel going all in could have been more. Yes, it could have been more but, have you taken the time to consider if it actually fell and what could have been lost to have gone all in?

Profit is profit and most of all, its an indication that you made some god investment and to that note, you should be contented with the fact that, you actually won with the market rather having regrets over some missed coins. It would be a bad way to treat yourself over a win.

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July 01, 2021, 11:57:09 PM
 #74

There's a reason jobs with hazard are paid higher than those with little or no hazard at all. It's the same thing that happens with investments in cryptocurrencies. Yes, crypto comes with unmitigated risks because of it's volatility nature the same way its ROI is enticing. In all of this, it behooves anyone trying to make headway into crypto to first acquire the relevant skills set for it. That way it will help reduce the unnecessary risk and waste of capital as the person involved knows what to expect and all that.
Bitcoin aren't for crybabies that uses emotions everytime they are in trouble which will tend them to lose more. Risk management should be their primary skills in the first place before they want to join the market. Bitcoin price is always unpredictable and if you don't know how to manage your funds well, you will surely lose it all but people are too greedy to think they could just invest then run away with millions as if that's how the market gonna work.

The high volatility makes it very unpredictable to those who have invested Bitcoin but if they have the right set of skills and knowledge they will make money from it. That's why it's not for crybabies.

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July 02, 2021, 05:48:25 AM
 #75

The high volatility makes it very unpredictable to those who have invested Bitcoin but if they have the right set of skills and knowledge they will make money from it. That's why it's not for crybabies.
This has nothing to do with "crybabies", but rather with the personal attitude towards the capital invested. Imagine you take out a loan to buy 5 BTC and then see how BTC dropped from 50k to 30k. Of course you throw away your nerves and try to save your capital, in such situations only a few of us have the courage to sit out the drop and watch his own capital melt away.

Now imagine the same situation where you spent a total of $100 on 5 BTC in 2012. You probably don't care about a drop from 50k to 30k because you have experienced many such drops yourself and you have already recovered your (very small) investment.

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July 02, 2021, 12:53:18 PM
 #76

snip..
Bitcoin aren't for crybabies that uses emotions everytime they are in trouble which will tend them to lose more. Risk management should be their primary skills in the first place before they want to join the market. Bitcoin price is always unpredictable and if you don't know how to manage your funds well, you will surely lose it all but people are too greedy to think they could just invest then run away with millions as if that's how the market gonna work.

The high volatility makes it very unpredictable to those who have invested Bitcoin but if they have the right set of skills and knowledge they will make money from it. That's why it's not for crybabies.
In short, never invest in crypto if you are not ready...

Everything should be ready, knowledge, skills, and most especially, the willingness to lose our money. Trading is not just we are milking the market, but it might possible that the market is milking us. We can't really underestimate the volatility of the market because that is the main reason why many traders had to lose their money.

if we are not able to provide these things before going to trading, we therefore not expect a good result.

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July 02, 2021, 01:25:28 PM
 #77

Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.

If you are ready to go all-in, this means that your attitude to trading is comparable to a casino, where technical analysis is really not needed. In this case, the probability of getting a profit is 50%. But if luck is not on your side, your trade will end with the liquidation of your balance.

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jostorres
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July 04, 2021, 07:19:53 AM
 #78

Now the prices are going up again, it's not the best time to get in because the prices will probably go down again more than ever and if that time ever comes probably getting in that price is the best course of action.
Might happen but I feel that after the recent bear run the prices should only go upwards because the prices went way below they should have. I feel all the FUD about the energy consumption got into the mind of people and they sold all their coins. Now I am waiting for the price to get back around the ATH and watch the faces of those who were yelling bitcoin is going to die and has no futuristic value.

I never suggest to anyone when to BUY or when to SELL but it is quite obvious that if you have bought cheaper and the price went even further down, just wait it out because we all know sooner or later it will get back up. Panic selling and closing trades in loss is one of the dumbest things one could have done given we already saw $55k and more just a few months ago.

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doomloop
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July 04, 2021, 10:38:25 AM
 #79

Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.
I admit that going all-in might be risky but then if you have some capital that you don't need to rotate for survival then you can easily block it by buying Bitcoins since the value will certainly go up at some time in the future. If the funds you are investing in are required by you for daily trading and survival then going all-in is really not worth it and you will breathe heavily once the price chart goes down.

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July 04, 2021, 02:45:53 PM
 #80

Sure, if you can afford to lose your money, then go all in. You have to take risks to make profit. You see, when the price went down to almost $30,000 USD and if you had gone all in, you would have already made a lot of profit by now. Risk it and you get the rewards. Play safe, you might make profit, but you will also need a lot of patience to make some good profit. And yeah, the market isn't for the faint heart.

The current price is actually a good price especially if your strategy would be a long term hodl. If you still aren't sure about your decision then don't put your funds all in. Just invest what you could afford to lose but as for me, it still isn't too late to buy because the market could still reach the best situation again.
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July 04, 2021, 05:25:12 PM
 #81

If you really did it then, congratulations.
Sometimes all you need is a bit of courage to take the risk. I have read that you are a trader and a short-term one.
You did a good choice and most probably you have already sold what you bought. If I have the budget, I might have also done the same thing, but it's just to keep it long-term.
That low price could be a once-in-a-lifetime chance and we may never see it again.
I guess traders in 2025 would be looking back and be envious of us who are able to buy BTC for anything lower than 50k. I mean it has been speculated that Bitcoin would trade over a million dollars each, and people who laugh at this thought are the same who laughed when someone said BTC will reach 1k.

When bitcoin is getting us a second chance like this (I mean after setting ATH, and somehow FOMO is intensifying, most people never dared to get another chances to buy lower than $40k), like most other people, I am also go crazy to buy more but unfortunately my budget is not letting me to go as per my desire levels.

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July 04, 2021, 06:07:44 PM
 #82

I know this rage since long and happens with me all the time tbh. May be this is the way our strategies are built so that we can keep with the market loop. You never know at what point market will burst open to another high tide or will go down the road and that’s when we keep buying and buying all the time. Anyways that is also good strategy as you end up with multiple “entry points” while trading your way in.

This helps averaging our break even point at some point. This you no longer have to worry about that single point where you bought everything all once.
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July 08, 2021, 02:36:51 AM
 #83

I think the price entrance at the time was very good. In this case, the first reaction should be to buy quickly. Although Bitcoin is highly volatile, its market demand will definitely restore it to a more beautiful value. If OP does it, you will have considerable wealth. But I don’t recommend investing all of your wealth, holding part of it for a long time, and don’t waver.
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July 08, 2021, 03:16:09 AM
 #84

I was in a bull market a few months ago (I don’t know if it’s still a bull market). I profited from frequent trading. I thought it was because of my skills. Knowing 5/19, ushered in a plunge.

My margin account was almost zero. At this time, I realized that my previous gains were only because of the bull market now, and I was just lucky.

Now Bitcoin is trading sideways between 30,000-40000, I am a little confused now, and I don’t even dare to open my Binance.

Now I prefer to invest. I choose a token in the presale stage and hold it for a long time. I also earn back the previous losses because of the investment.
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July 08, 2021, 04:11:03 AM
 #85

Don't be discouraged if you have to try to recover from the loss currencies are much more valuable when prices rise in the market. Markets usually rise on the basis of demand I think you can hold on by investing in the long run the risk is much lower here and doesn't be disappointed if the price goes down the reason for the price going down is that it will go up again wait patiently for this.
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