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Author Topic: I feel like there is no way to keep up  (Read 464 times)
dunfida
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August 01, 2021, 09:58:52 PM
 #41

Just watching how many hundreds it's going up each day. I really appreciated this dip. I legit dumped everything I had into it. I was actually hoping for a bear market to buy more at cheaper prices. I still am not sure we're not gonna hover around this long dip/mini bear market longer idk.

---
Many things happen that are out of our control, when our expectations are too high it will only hurt more. First, let me remind you once again that crypto is very volatile, we can quickly multiply profits or lose deeply, so make sure we use free funds. investment quotes that we need to make the principle: Never invest money that you can't afford to lose.
thus we will be more relaxed and enjoy the market movement. experience and mentality also play a big role, so don't forget to always be grateful.

As long as we invest in crypto using money that we can afford to lose, should be able to invest leisurely, without being pressured by volatile
market movements. Because most people who enter the crypto world think that crypto can generate instant profits and use all the money
they have, even sold some of his assets, because his hopes were too high. This is what ends up being when crypto prices don't go the way we
want them to stress us out. So make sure before we invest in crypto, we already understand how the crypto world works, so it's not wrong to
make a decision.

Yeah, if you are investing on something which you had taken a loan or even putting your life savings then this would really be a stressful scenario on looking up the charts or the condition on the market

or even thinking that it might really be having some pumps or you are expecting way too much in regards to that without even thinking about the risk behind it then when the time bitcoin or crypto

had broke up your expectation then expect that it would give out frustration and stress.If you do feel that it is something putting you in doubts then better not invest on the first place.

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Yamifoud
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August 01, 2021, 10:59:23 PM
 #42

snip...

From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.

Having a concrete plan will us to decide what we gonna do next. OP almost gets bored waiting for the price be going to dump in order to accumulate more but seems the market trend isn't giving him a favor as Bitcoin moves high together with altcoins. Now that he is bothering what he gonna do, I think he needs some rest as he can't think and decide right.
Sometimes we have to calm down ourselves and enjoy some events because as we more engage in crypto and getting disappointed coz we fail to reach our goal, it leads to nowhere and surely ended up regrets, and this might happen to OP if he pushes himself to invest in worthless altcoins like Doge.
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August 03, 2021, 05:13:31 PM
 #43


From everything OP said, it's safe to assume that he is a more of an invest than a trader. So he doesn't buy/sell more frequently; instead he holds Bitcoin long term and alts short - mid term with an aim to sell them when their prices go up then majority of those profits will flow into buying Bitcoin regardless of the price at the time he set out to buying since he's just DCA-ing.

While this is a good strategy, I'd prefer to sell anywhere close to the top and rebuy later with DCA at a lower price. In the past I've seen people multiply their Bitcoin holdings by just selling near top and buying lower. Of course, it's easier said than done but it's worth giving it a shot.


Of course, it is commendable, and I am open to the methods offered if they are easily accessible to all traders and easy to apply. Because you have an existing method in your opinion, it will be very useful to apply in any condition. It takes perseverance and tenacity to achieve mastery of the expected trading methods.
as you say easy to say but not necessarily easy to do. It all depends on how capable he is of repelling bad trades and having no concept.

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Obito
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August 03, 2021, 05:29:43 PM
 #44

I don't think it is necessary that we keep up with the price movement of bitcoin, instead we should know how we can follow through on every adjustment it is making. If the value is going down, obviously you do not need to lower down your investment, instead you should maximize it specially if it is a hard dip. On the other hand, if the value is rising and you have a good holding at that moment, then it is very much clear that you were able to keep up. Always mind what are the things you can do to mix in with the adjustments as you adopt each new price that bitcoin is having.
But what if what's happening isn't matching your current situation, what if you don't have a lot of coins in your portfolio? That's the saddest thing about this, you don't hold circumstances by the neck so you can just do whatever you want remember that anything can happen.

I think there will alway be a way to keep up, remember that bitcoin at the core of it is an investment and that should give you a clue that bitcoin no matter what point you've entered in the market, if you hodl long enough, your will always be guaranteed with a profit.
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August 03, 2021, 05:55:18 PM
 #45

I'm not going to question the altcoins you've already invested but maybe you should consider NFT gaming with play to earn feature as well. You could be a simple hodler if you want or support the ecosystem by becoming a player also. Use some of those earnings from the daily grind to accumulate more BTC or to pay up your bills.
This might get the work done if and only if the equivalent value of his altcoins could afford an entire team/pets or character to start playing and to earn as well.

On the other hand, selling an altcoin for another nft token also entails a lot more risk of losing especially now that they are on an all time high including AXS or DPET. Perhaps, exchanging his alt to bitcoin when it reaches a decent price is pretty much better while continuously stacking monthly or even better daily.
right, piling into bitcoins is much more promising than to nft tokens like axie or dpet.  we will definitely see a drastic drop in the price of nft tokens, just see how the price of skill tokens issued by cryptoblades falls drastically.

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August 03, 2021, 07:06:36 PM
Merited by The Sceptical Chymist (2)
 #46

~
Aside from what others mentioned in here, why not just do your everyday life like usual without involving crypto? OP, I think you are overthinking about the bearish market coming. With that kind of overthinking, you are already jumping into conclusion of Bitcoin jumping to 100k and other "what ifs" situation/s. Don't risk your fiat to other alts, just by how Bitcoin is already more than 4 digits.  As what 20kevin20 mentioned, you don't need to own a full Bitcoin.

It does not matter if you can only afford .02 BTC. It is still Bitcoin regardless of its amount or even its equivalent to USD.
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August 03, 2021, 10:08:07 PM
 #47

~

It does not matter if you can only afford .02 BTC. It is still Bitcoin regardless of its amount or even its equivalent to USD.
this is a mistake that some people who are just starting to adapt to crypto often make. we don't have to have 1 full btc to be able to get profit, whatever it is if we are consistent to collect it, it will definitely increase in value, especially when the bullrun comes. understand the right investment strategy, if we use free money it will make you calmer. this niche continues to grow, if the adoption of btc gets wider, then its value will also increase, so 0.02 it will definitely be more valuable as you say. even though with other altcoins you can get more than that, you can get 1-100 tokens or even thousands, but for the long term I will still choose btc, while other altcoins as a backup alternative. if possible indeed divide the portfolio between btc and altcoins.

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August 03, 2021, 10:09:03 PM
 #48

It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.

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August 04, 2021, 04:41:35 AM
 #49

It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.

You are right, when the bitcoin market looks difficult to recover then altcoins are the best solution, there are many choices of altcoins that we can make to get daily profits of up to tens or even hundreds of percent, in my opinion the most profitable altcoins are new listed coins.


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August 04, 2021, 06:07:10 AM
 #50

For people who are new to analysis, they may be able to choose several altcoins at the top, so having a large capitalization is expected to be safer. By choosing an altcoin, it is hoped that it will provide greater profits, and of course that is what everyone is looking for

Choosing altcoins can easily be a mistake. Very few of them hold the capability to recover / grow and even fewer actually did. I am around here for many years and altcoins did bring me more bad than good and my best move was when I've converted most of my altcoins into Bitcoin.
Altcoins can sometimes bring greater profits, but those tend to be short-lived and one has to know when to convert back into Bitcoin. Not easy.
While Bitcoin is still considered in the financial world a high risk investment (because of the wild price fluctuations), the altcoins are even riskier.

So no, if one doesn't know what to do, altcoins tend to be just a trap.

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August 04, 2021, 06:15:55 AM
 #51

Investing with cryptocurrency actually it have a strategies, but at least you should have a target when the price is low or when is at average before purchasing, because buying when is at higher point and expecting it to speed up in order to make a profit i think it is underprobabillity, because the chances of bitcoin price to reach or move to hundred thousand (100k) is not really assured at this moment

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August 04, 2021, 11:02:04 AM
 #52

It's not a must to keep up to the price movement of bitcoin and also not a must to own 1 bitcoin, you might get burnt chasing the market so it's better you wait for a dip or crash and keep buying bit by bit and try not to invest your all in bitcoin it might be too risky and the outcome might not be what you did expect, the market is just about risk and reward, try to stay profitable and manage risk, well due to the high prices of bitcoin you can choose an altcoin with potential for more income.
For people who are new to analysis, they may be able to choose several altcoins at the top, so having a large capitalization is expected to be safer. By choosing an altcoin, it is hoped that it will provide greater profits, and of course that is what everyone is looking for
I am not sure about that because the new people in trading who gather in one group will follow the so-called experts on that group and buy the suggested coins. They will not ask about how you get that analysis or etc because they do not search for more info about what coin they should buy. But if those people want to research and analyze by themselves from what they learned, they will see that the altcoins at the top position are not always guaranteed to profit. Sometimes, the lower coins position can give you the profit as you can analyze to find the right coin.

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August 04, 2021, 11:12:44 AM
 #53

You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.
cotton ball
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August 04, 2021, 11:58:30 AM
 #54

actually there is no way to follow, but maybe you don't want to learn and understand bitcoin, try to follow the steps of people who have played in bitcoin for a long time, you will most likely succeed, we don't need to hold a lot of bitcoins, like other rich people We are people who live in poverty, we must be good at taking opportunities, if there is an opportunity, try to hold one bitcoin, if the price increases a little, we try to let it go, and so on, maybe in the future we will achieve what we want..
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August 04, 2021, 12:55:46 PM
 #55

Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
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August 04, 2021, 12:57:28 PM
 #56

if there is a will there is definitely a way, if we want we can definitely do it, if we want to work hard, keep learning, and always be patient, I'm sure we will succeed, when we start to follow and enter into a business, we have to go slowly Look at the opportunities that exist, don't be afraid of risk, because basically no one gets rich suddenly, everything needs a process..

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August 04, 2021, 12:59:22 PM
 #57

With bitcoin going up in price. To eventually own just 1 bitcoin.
Why that insistence for owning 100,000,000 sats? I know that it's a nice-sounded number to own 1 BTC, but is that all? If you consider rich those who own one Bitcoin, then you should define us what exactly means rich to you. Are they those who have the equivalent of $40,000 in BTC?

That's why I've came to the conclusion that I have to risk it and invest more heavily into alt coins.
Look, if you're here just to make yourself richer, which is pretty usual nowadays, I advice you to firstly, be careful!, and secondly invest short termly into altcoins. Most of the times, they increase more than Bitcoin does in percentages, so buying in the “dump” and selling in the “pump” would be better for you than doing the same, but for Bitcoin.

A friendly comment: You know when dumps and pumps occur; the problem is that when they do, it is already late.

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Dhoe
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August 04, 2021, 01:05:33 PM
 #58

Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
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August 04, 2021, 01:24:16 PM
 #59

You can keep up with the price of bitcoin if you have good timing and are lucky. Other then that its pretty hard, close to impossible. Btw i think if you play it well and have some luck, you can become a billionaire, or atleast you are on a chance to become one, which other then bitcoin would never had been possible.

It is extremely difficult to keep up with the current price because the price is so high that only the wealthy or those with substantial savings can afford to buy bitcoin. We all knew it was a high-risk investment, but if it pays off, you could say you'll make a lot of money and become a billionaire, just like you said. The majority of people here would advise buying on a dip, but when is the best time to do so? It's not about chance; it's about reading the chart and predicting the bitcoin's next move.
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August 04, 2021, 01:29:36 PM
 #60

Long as the market is going up and appreciating in the long-term and the interest of the people only goes up, I don't think that it's going to be a problem not keeping up because even if you invest at 100k and the market appreciates, it will still be profitable if you hodl in the long-term.
it's true as you said comrade, because our goal is to invest in bitcoin for profit, if we save our bitcoin in the long term it is certain that the profits will be in our favor, actually it's not that we can't follow but maybe you are too afraid of the risk, if we can't face it risk is certain that success will not be on our side..
Worries will certainly come to our minds if we keep looking and monitor the market every day. Maybe we have to try to skip sometimes checking our portfolio and enjoy ourselves to the other things, it is likey giving us some peace of mind. Because the more we are focus on our investment, the more we get attracted to some negative thoughts and especially when we keep listening to the FUDs. This is not to wonder why newcomers come too fast and also leave so quickly, this is what I think about and many have such a sad ending story.

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