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Author Topic: This sh*t ain't for the faint of heart! 😭  (Read 652 times)
Shenzou
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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.
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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.
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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.

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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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Kittygalore
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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.

 
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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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