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Author Topic: Buy? . . . Nah, hang on a minute.  (Read 540 times)
Wexnident
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May 17, 2022, 11:12:18 AM
 #61

or, DCA. Specifically on Bitcoin. That way you don't have to mind the issue of "low or high" and your mindset could be trained to actually just invest. Indecisiveness due to trying to maximize profit exists and isn't odd really, but it is a pain in the ass once it sets in and if it becomes a habit, well, you're going to lose way more opportunities than the times you'd actually get them. So yea, this way, you avoid the general decision of "buy low, sell high" and just invest in a really good asset, which is in this scenario, pertains to Bitcoin.

 
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Reid
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May 17, 2022, 11:37:30 AM
 #62

Old rule. Repeated many times but the mistake will always happen. Investors tend to make an error using loans just to invest in a bear market which for me is another addition to the risk factor of investing in cryptocurrencies.
It's not just what you can afford to lose, it must be your own money that you are risking either a part of your savings or just your leftovers for being thrifty. Also depends on the right timing of purchase, there will be times when a bear market looks like it reach the deepest but it may not, like what happened with Bitcoin.
Wawa2013
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May 17, 2022, 12:50:00 PM
 #63

Old rule. Repeated many times but the mistake will always happen. Investors tend to make an error using loans just to invest in a bear market which for me is another addition to the risk factor of investing in cryptocurrencies.
It's not just what you can afford to lose, it must be your own money that you are risking either a part of your savings or just your leftovers for being thrifty. Also depends on the right timing of purchase, there will be times when a bear market looks like it reach the deepest but it may not, like what happened with Bitcoin.

Actually, it's okay to make mistakes when investing, because from these mistakes we can learn how to invest properly. The most important thing is
that we don't repeat the same mistakes over and over again. As you said, investing using borrowed money, that's a mistake that many investors make,
they think crypto can always make a profit. Whereas when investing in crypto is not necessarily profitable, while borrowing money puts us in debt,
the problem is that debt installments must be paid regularly. Therefore, it is highly recommended to avoid investing using borrowed money.

Another mistake might be choosing the wrong coins for investment, even though the market is declining, does not mean that all coins can provide profit
if purchased at a low price. Because some coins when we buy the price goes down and we will find it difficult to sell them again. So make sure
we do research and analysis before buying coins, so that we don't choose the wrong coins for investment.

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Mauser
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May 17, 2022, 02:44:47 PM
 #64

Buy low and sell high is the best way to make money, but before we are selling we should know what we reinvest the money into. Selling some assets right now only because the price is high is not a good idea. First of all we need to pay taxes on our profits, so we will lose some money before we can reinvest it. And then we need a new protect to invest into. Only to sell to leave money in cash is a bad idea when inflation is around 10%. It doesn't look like the world will go back to normal any time soon. With food and energy prices expected to rise more in the next months I would avoid holding large amounts of cash. So if there is free money to be invested I would recommend buying more crypto coins. Getting bitcoins between 25,000-30,000 USD seems like a good deal to me. Long term the price will rise again for sure.
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May 18, 2022, 06:28:50 PM
 #65

Damn,OP.Your clickbait forum thread title made me think that you are going to share some thought provoking discovery about crypto trading.
Unfortunately ,you just shared the most generic "common sense" advise in the history of finance:
1.Buy low,sell high.
2.Invest only what you can afford to lose.(Not many people are actually following this rule,though).
3.Risk management is important.
Your post has no value and I guess that you just wanted to boost your post count.
The "buy low,sell high" advise actually works 100% of the time,but you have to resist the panic and the desire to sell,when the price drops.
Trading is about controlling your emotions and not falling into the conformism and crowd mentality of the markets.
I do agree with you. I believe that OP said something that we all know about and there is nothing to be learned from this, but at the same time it was entertaining for sure. I mean we have seen all of these before, and yet none of them were this well written, it's usually either written in low quality, or written with very high quality like we are talking to the queen.

Instead, this was done both with high quality but also with street lingo type of deal, like chatting, and that is why it got this much attention. I know that it is not a simple thing for most people, but I believe that it is not a horrible thing neither to reread things that you already know.

ninis45
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May 19, 2022, 09:53:36 PM
 #66

actually we already know about what to do with the market and when we have to sell and buy while what op says is the
,you just shared the most generic "common sense" advise in the history of finance:

so this will only make nonsense there is nothing that makes us think positively or that makes us introspection in trading,because, some trading facts are sometimes very difficult to apply in the reality of fundamental question techniques

Hamphser
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May 19, 2022, 10:08:25 PM
 #67

Buy low and sell high is the best way to make money, but before we are selling we should know what we reinvest the money into. Selling some assets right now only because the price is high is not a good idea. First of all we need to pay taxes on our profits, so we will lose some money before we can reinvest it. And then we need a new protect to invest into. Only to sell to leave money in cash is a bad idea when inflation is around 10%. It doesn't look like the world will go back to normal any time soon. With food and energy prices expected to rise more in the next months I would avoid holding large amounts of cash. So if there is free money to be invested I would recommend buying more crypto coins. Getting bitcoins between 25,000-30,000 USD seems like a good deal to me. Long term the price will rise again for sure.
Easy to say but when you are on the actual situation then you would really be realizing that your fucked up considering that this market is totally unpredictable then buying or selling kind of decisions would really be

hard.Therefore, risk taking would be needed whenever you do make out decisions as always.We do have that very common point of support where we could potentially take such step or action but cant really be

avoided that we do have those thoughts that we might be seeing even more lower thats why we do really hesitate on making such step.

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May 20, 2022, 04:10:19 PM
 #68

Actually, it's okay to make mistakes when investing, because from these mistakes we can learn how to invest properly. The most important thing is that we don't repeat the same mistakes over and over again. As you said, investing using borrowed money, that's a mistake that many investors make,
they think crypto can always make a profit. Whereas when investing in crypto is not necessarily profitable, while borrowing money puts us in debt, the problem is that debt installments must be paid regularly. Therefore, it is highly recommended to avoid investing using borrowed money.

Another mistake might be choosing the wrong coins for investment, even though the market is declining, does not mean that all coins can provide profit if purchased at a low price. Because some coins when we buy the price goes down and we will find it difficult to sell them again. So make sure we do research and analysis before buying coins, so that we don't choose the wrong coins for investment.
We only think it's a mistake to borrow money because we are thinking negative things without trying it first but there's actually people that considered borrowing money as a part of their strategy and they are successful with it. It only comes down to planning. They already planned if how much money they will borrow and if what kind of coin they will invest, and so on but I still didn't encourage this.

You better improve your skills first and you will need to have a backup funds before we try it, in case this strategy didn't work for us. I agree on the title of this thread. We need to hang on a minute before we decide to buy because the price is likely to go back at lower levels.
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May 20, 2022, 06:34:06 PM
 #69

Here's how I do it.

How to know when the market is high?
Usually when price pumps 2x it should be a sign of caution. I'm a holder but I sometimes sell some coins to buy myself a treat and give myself a pat on the back for holding for so long.
I sell a bit every time we hit a significant number on our way up, and/or we multiply the market price by 2.
In the last bear market I held at 5-10k and sold a bit when we touched 20k, then again sold a bit at 30, 40, 50 and 60k. That was maybe 1-2% of my coins each time.

When to buy?
Usually a good place to start gearing up is a 50% correction. At this point I usually start buying, and if I can't afford it I at least don't sell anything and go into a hodl mode.
I bought some coins at 30k last year and and this year at the lows of 32k and 29k. If we fall lower I still have a bit of fiat for one more batch, maybe at 24-25k If we still keep falling down I'll go into a hodl mode. I have enough fiat to keep me going until 2025 halving. 

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May 20, 2022, 08:34:38 PM
 #70

actually we already know about what to do with the market and when we have to sell and buy while what op says is the
,you just shared the most generic "common sense" advise in the history of finance:

so this will only make nonsense there is nothing that makes us think positively or that makes us introspection in trading,because, some trading facts are sometimes very difficult to apply in the reality of fundamental question techniques
Yes, it might really be that pretty basic but its true that applying it on your own wouldnt really be that simple or cant really be applied and would find it difficult to be done due to unpredictability of
the market movement which is something a very normal.
Dont know on why people cant just appreciate on saying these common sense thing?  Cheesy
Even its basic or common sense but once you do make yourself put into the situation then you would really be having those back of those
words.

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