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Author Topic: Afraid to buy Bitcoin in its bearish state?  (Read 596 times)
BitcoinPanther
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May 06, 2022, 09:49:13 PM
 #81

It is the common man's mentality to get into fear whenever the market turns bearish. In today's match it is all about the profit making, just hold and sell at the right ocassion. If not holding will then bring in profit. Compared to the past years, the panic waves among the common people have decreased. The correction then happens through the market fluctuation. So, if there is no need of selling then just hold it.

This apply to weak holders and has little knowledge about the Bitcoin market cycle, but people who had studied the market are happy to accumulate during the bear market because they have hope that their investment during the bear market will turn out profitable once the market become bullish.
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May 06, 2022, 10:23:27 PM
 #82

Any person that is afraid to buy Bitcoin in this bear market will always make mistake at the end of the bear market. This is the best time to accumulate more Bitcoin so you can always relax and wait for the market to go bullish before sell them. Some investors are already in losses now because they bought at the top and now that the market is bear, they have no option than to wait for the market to go bull before selling or sell at huge loses. Buying Bitcoin requires strategy to know right time to buy.

No matter how bitcoin dumps, some people will still be scared to buy bitcoin and when the market bounce back they will endup regretting why they didn't buy when the market was down. The best time to buy bitcoin is when the market is down and wait for the market to bounce back then sell. If you are not ready to hold your coin when the market is down then you are not ready to make money.

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May 06, 2022, 10:37:46 PM
 #83

A few days ago I kept asking myself: " what must be going through the minds of people who bought in the $40,000 thinking that the price was too low and that it would go up? " they must probably be sad and regretful. It should not be thought that with every fall we have to go out buying because the price will soon rise, that's not how things work, everyone is already feeling the consequences of the war in Ukraine, the markets are going bad, and with bitcoin the things wouldn't be different, when there's a crisis people sell their assets to keep money to pay daily expenses, at least that's what poor people like me or middle class do. As long as this war continues I doubt we will see big increases in the price of bitcoin and in this $35000 zone where we are, it is more likely to drop to $30,000 than to go up a lot

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May 06, 2022, 10:46:50 PM
Merited by Hamphser (1)
 #84

Any person that is afraid to buy Bitcoin in this bear market will always make mistake at the end of the bear market. This is the best time to accumulate more Bitcoin so you can always relax and wait for the market to go bullish before sell them. Some investors are already in losses now because they bought at the top and now that the market is bear, they have no option than to wait for the market to go bull before selling or sell at huge loses. Buying Bitcoin requires strategy to know right time to buy.

No matter how bitcoin dumps, some people will still be scared to buy bitcoin and when the market bounce back they will endup regretting why they didn't buy when the market was down. The best time to buy bitcoin is when the market is down and wait for the market to bounce back then sell. If you are not ready to hold your coin when the market is down then you are not ready to make money.
For people who are;

Experience -- Seeing these things to be the best time to buy cheap coins
New -- They would easily freak out and panic sell to avoid further loss

New ones would become experienced ones once they do really able to get the idea on how this market behaves.
It is really normal to commit out these very common mistakes but on next time you would really be that aware.

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May 06, 2022, 11:37:54 PM
 #85

Even the experienced users have some fear in mind about investing when the market is bearish. This is not because the price have crashed, but about the time period for the next bullish move. For this reason most of the time users prefer when the market turns bullish from the bearish point. This can be identified only by the experienced users who are long in the market making very close observation about the movements and recording the incidence connective to the growth/decline.

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May 06, 2022, 11:54:51 PM
 #86

Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season. So instead of being fearful, people should be stoked that they are given an opportunity to buy low, to buy Bitcoin at a discounted price.
You are right, Bearish is a shopping time to add more BTC to our wallets.
People who are afraid to buy in the bearish season, mustn't understand how BTC price works. Those who understand it, should prepare their money right now, to wait for the dip for buying a lot. But don't hurry to buy, we are just entering the bearish season, better to wait for the dippest price to buy. I think it may be in Q4 2022, or Q1 2023.

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May 06, 2022, 11:58:59 PM
 #87

Any person that is afraid to buy Bitcoin in this bear market will always make mistake at the end of the bear market. This is the best time to accumulate more Bitcoin so you can always relax and wait for the market to go bullish before sell them. Some investors are already in losses now because they bought at the top and now that the market is bear, they have no option than to wait for the market to go bull before selling or sell at huge loses. Buying Bitcoin requires strategy to know right time to buy.

No matter how bitcoin dumps, some people will still be scared to buy bitcoin and when the market bounce back they will endup regretting why they didn't buy when the market was down. The best time to buy bitcoin is when the market is down and wait for the market to bounce back then sell. If you are not ready to hold your coin when the market is down then you are not ready to make money.
For people who are;

Experience -- Seeing these things to be the best time to buy cheap coins
New -- They would easily freak out and panic sell to avoid further loss

New ones would become experienced ones once they do really able to get the idea on how this market behaves.
It is really normal to commit out these very common mistakes but on next time you would really be that aware.
Fact!
You would buy and see opportunity basing on your experience level and as pointed out that you would really be hesitant when you are just new and see other way around if you are been here for a while.
Actions would really be basing up with your skill level and we know that not all are really that old on dealing with this market.
Bears and Bulls is always been a common scenario on which you should really be that mindful on making out immediate steps according to  your own analysis.

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May 07, 2022, 04:15:10 PM
 #88

there is nothing to be afraid of as long as you are a bitcoin enthusiast, investor, long term hodler. bearish times are the best for you to buy, you buy at different zones with DCA technique. you can never get the exact bottom so buying early and at ever lower low no matter how small, you are in for good profits anytime the market structures changes to the upside.
This is just me Grin I have so gotten to that stage where I no longer care about the price of bitcoin. So, I have two jobs that I do, and at the end of the month when I receive my salary, I just take one of the salaries and put it entirely into bitcoin without minding what the price is, I started doing it this year and so far I have been able to gather so many bitcoins and I’m so happy about that.

So, the price is the least thing now for me to worry about. I will also advise others to do the same, if you have the money, just keep investing, one day you will surely be happy that you did.
This is EXACTY what I do. It is cool to finally see someone that approaches crypto the way I do. I have been in crypto for many years now, and it has worked out so well for me. I have to say I do not have two jobs though, but I put nearly half of my salary into crypto every month so the logic is exactly the same.

I try to do more but sometimes I fail because I have so much debt around me that I have to pay, at least that’s how I feel about it. Like if I have my own debt then I pay it of course, but it has been paid a lot before, then paid my wife’s of course, but then I did to my mother in law, now doing for my own mother. So, it has bene hard to put much into bitcoin for the past year or so.

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May 07, 2022, 05:30:04 PM
 #89

You are right, Bearish is a shopping time to add more BTC to our wallets.
People who are afraid to buy in the bearish season, mustn't understand how BTC price works. Those who understand it, should prepare their money right now, to wait for the dip for buying a lot. But don't hurry to buy, we are just entering the bearish season, better to wait for the dippest price to buy. I think it may be in Q4 2022, or Q1 2023.


Bearish time is best time to buy and Whales along with wise investors take advantage of this and fill up there wallets while other just keep on predicting that bitcoin will fall back to zero. Right now people are speculating that bitcoin will fall to as low as 21k$. IMO, just grab as much btc as you can right now.

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asus09
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May 07, 2022, 05:45:49 PM
 #90

You are right, Bearish is a shopping time to add more BTC to our wallets.
People who are afraid to buy in the bearish season, mustn't understand how BTC price works. Those who understand it, should prepare their money right now, to wait for the dip for buying a lot. But don't hurry to buy, we are just entering the bearish season, better to wait for the dippest price to buy. I think it may be in Q4 2022, or Q1 2023.


Bearish time is best time to buy and Whales along with wise investors take advantage of this and fill up there wallets while other just keep on predicting that bitcoin will fall back to zero. Right now people are speculating that bitcoin will fall to as low as 21k$. IMO, just grab as much btc as you can right now.
I totally agree with your opinion, bears time is the right time for us to buy bitcoin, if we don't take advantage of the opportunities that exist, we certainly will no longer have time to experience holding bitcoin, because it is certain that when the price goes up people like me it will not be possible to buy, because the money I have is not enough.

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naira
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May 07, 2022, 06:21:40 PM
 #91

You are right, Bearish is a shopping time to add more BTC to our wallets.
People who are afraid to buy in the bearish season, mustn't understand how BTC price works. Those who understand it, should prepare their money right now, to wait for the dip for buying a lot. But don't hurry to buy, we are just entering the bearish season, better to wait for the dippest price to buy. I think it may be in Q4 2022, or Q1 2023.


Bearish time is best time to buy and Whales along with wise investors take advantage of this and fill up there wallets while other just keep on predicting that bitcoin will fall back to zero. Right now people are speculating that bitcoin will fall to as low as 21k$. IMO, just grab as much btc as you can right now.
Did you know that the speculation about the price going down is nothing but a design or plan of the whales to influence the mentality of the traders to sell and under, then they are ready to welcome the low price? What if this scheme was deliberately designed by a pope who still wants to get a big bonus. Nothing is impossible, right?

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eaLiTy
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May 07, 2022, 06:55:14 PM
 #92

~
Did you know that the speculation about the price going down is nothing but a design or plan of the whales to influence the mentality of the traders to sell and under, then they are ready to welcome the low price? What if this scheme was deliberately designed by a pope who still wants to get a big bonus. Nothing is impossible, right?
It is not always the truth, we are not the same market we once were a few years back. Now majority of the global economic situation is affecting the cryptocurrency market as well which means the big investors are institutional investors who also invest in other financial markets and when there is a negative news they will hedge one against the other and hence we saw a major correction in the past two days.
naira
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May 07, 2022, 07:28:53 PM
 #93

~
Did you know that the speculation about the price going down is nothing but a design or plan of the whales to influence the mentality of the traders to sell and under, then they are ready to welcome the low price? What if this scheme was deliberately designed by a pope who still wants to get a big bonus. Nothing is impossible, right?
It is not always the truth, we are not the same market we once were a few years back. Now majority of the global economic situation is affecting the cryptocurrency market as well which means the big investors are institutional investors who also invest in other financial markets and when there is a negative news they will hedge one against the other and hence we saw a major correction in the past two days.
Everything can happen in the cryptocurrency market even in almost any investment alternative. Negative news as well as a widespread sentiment as a result of the information obtained have influenced traders to respond quickly. no wonder in the cycle of real-time market sentiment price movements provide a significant response. That means there is always a party that benefits.

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