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Author Topic: Holding my horses for now  (Read 606 times)
btc_angela
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May 27, 2022, 10:10:25 PM
 #61

Anyone see the price though today? it dip below $29k and the rest of the crypto market is falling hard and seems the start of another blood bath.

So I guess this is a great opportunity for us again to buy instead of waiting for the $24k price range or even below $20k (not sure if this is going to happen). At $28k and then holding it again will give us a huge profit of margin in the next bull run.

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May 28, 2022, 10:00:33 AM
 #62

I personally believe that it should be noted that it rarely goes down under but at the same time it should be noted that it could rearrange depending on how big of a crash happens. Like when it goes from 35k to 30k then it could tell you the reality and you could see what it should be doing, but when it goes from 60k to 40k, it doesn't show exactly what you are looking for and it will look like a buy chance all throughout.

Hence, there is nothing wrong with the current situation and we should be feeling fine about not buying if we want to wait a bit more. Or just put price in your mind, I will buy if it goes to 25k, and I will buy if it reaches 33k as well, and be ready for all possibilities.
This is the part where people talk about how crypto is something that is unexpected and TA we do is usually what crypto "should" do and not what it does. Of course there could be situations where it doesn't do what it should, but at least you would know what it should do and arrange yourself accordingly.

This is a method where people would generally use to make sure that they are doing the right thing and that means that if you also defend yourself against unexpected stuff (with stop loss or similar stuff) then you should be fine. I believe that best we could do right now is invest into bitcoin small by small and it would help you out. But also have a stop loss planned as well.

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May 28, 2022, 10:23:09 AM
 #63

I agree that investing will make our lives better, if we only rely on monthly income from salary, it will be difficult to develop, inflation that continues to increase makes needs continue to increase and our finances are often negative, crypto provides short -term solutions for the long run so worth we make the first choice investment.


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aylabadia05
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May 28, 2022, 10:59:58 AM
 #64

Not the same. It could be that when you buy it later the price of Bitcoin is no longer like the current price. My advice to you is to buy it now a few percent (%) of the amount of capital or money you have if you believe the price of Bitcoin will fall back below the current price.
At least when the BTC price increases, you won't regret not buying when the Bitcoin price is $28.7k because the market is very volatile.

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May 28, 2022, 01:57:56 PM
 #65

bitcoin has started to maintain its $29k price tag, having been running at the same price for the past few weeks. bitcoin seems to have started to get support from investors where western countries seem to have started storing assets in a safe place so that they are not easily destroyed and touched by anything like the news we saw that the war had begun to spread so investors began to immigrate to places that very easy to reach.

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May 28, 2022, 02:15:04 PM
 #66

bitcoin has started to maintain its $29k price tag, having been running at the same price for the past few weeks. bitcoin seems to have started to get support from investors where western countries seem to have started storing assets in a safe place so that they are not easily destroyed and touched by anything like the news we saw that the war had begun to spread so investors began to immigrate to places that very easy to reach.

Keep up the good work.guys because today I saw the bitcoin price drop to $28K.
As for investors since yesterday they have gone to other places because they have been sad with the losses that have befallen our other friends, so they might choose a more appropriate and safe place to store all their assets.

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May 28, 2022, 06:51:08 PM
 #67

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.
Bitcoin can be bought without worries and anxiety right now, if you don't want to profit from it already "tomorrow". If you intend to hold bitcoin for several years or longer, then you should not expect the most profitable entry point like the $19k price. Buy every time you get a chance and average out the final price of the bitcoin you bought. This advice you can hear from a lot of people. But I'll tell you what: your money, do what you want. All risks and profit will be on your conscience. Don't wait for ready-made solutions from others, because no one knows for sure whether to buy now or wait a bit. Look at it like a roulette wheel: if you're lucky, you'll guess the lowest "entry" point in bitcoin. But keep in mind, if you are not damn lucky, then the chances of this are extremely small.

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fullhdpixel
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May 28, 2022, 09:24:56 PM
 #68

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.
Yes you are correct, buying cheap is always the best option. However, nobody knows how much dip does Bitcoin goes. What If the bottom dip is what the current Btc price right now? I guess that's not gonna entice you to buy even more right? Well, in that case you've just missed the dip and potentially Bitcoin might hit another ATH, and the next bottom might be $30k or $40k, does that sound cheap to you compared to the price of Bitcoin right now?
You see, buying or selling Bitcoin ain't really easy. You need not just analysis but a strong conviction and decisions.
If you are poor then yes buying cheap is the way to go but for someone that is fortunate enough and won't care spending some extra dollar's then he can start buying now and for them waiting can only be a waste of time, as we know that rich people value's time. No one ones the bottom but most are using some indicators to possibly know if what will be the next movements.

I think one of it is to look if the price remains stable for some time. That can be a sign that it will soon take off and won't go down anymore. If the new bottom is 30k, that was still cheap and you haven't missed the dip yet but for 40k, I think that's a little high but they can buy and catch up if they want to.

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May 28, 2022, 09:35:48 PM
 #69

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.
Bitcoin can be bought without worries and anxiety right now, if you don't want to profit from it already "tomorrow". If you intend to hold bitcoin for several years or longer, then you should not expect the most profitable entry point like the $19k price. Buy every time you get a chance and average out the final price of the bitcoin you bought. This advice you can hear from a lot of people. But I'll tell you what: your money, do what you want. All risks and profit will be on your conscience. Don't wait for ready-made solutions from others, because no one knows for sure whether to buy now or wait a bit. Look at it like a roulette wheel: if you're lucky, you'll guess the lowest "entry" point in bitcoin. But keep in mind, if you are not damn lucky, then the chances of this are extremely small.

Its not bad to have that positivity towards bitcoin but there are people who do really tend to play safe and its a must thing since there's no such thing about 100% risk free type of investment on which it would really

be always ideal on setting out risk factor or management in relation to this.Always put a limit and always put up selling or target point which you could rinse and repeat the same process whenever you do already
gain some profit.
If you do see that the market is declining then better not to panic sell and wait for recovery and some do even recognize for this to be a good opportunity to buy more
but of course it will depend on you if you could still able to risk on or not.

R


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Sir Legend
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May 29, 2022, 04:15:37 AM
 #70

Market conditions are still red, so we have to be patient, I think holding is a better thing, I always believe that the price of bitcoin will go up soon, if we panic by selling bitcoin now then I'm sure tomorrow we will regret it, daily transaction volume makes us worthy to be optimistic about the future of bitcoin.
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May 29, 2022, 08:03:28 AM
 #71

Market conditions are still red, so we have to be patient, I think holding is a better thing, I always believe that the price of bitcoin will go up soon, if we panic by selling bitcoin now then I'm sure tomorrow we will regret it, daily transaction volume makes us worthy to be optimistic about the future of bitcoin.
that is what OP is doing now lol, he seems to be trying to keep His funds for safer positioning and this is why he is holding His Horses , because there is no need for selling as the cheapest value are what we having these days .
then why sell instead of losing? while there are so much to expect in the coming years or maybe just this end year alone .

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May 29, 2022, 11:20:27 AM
 #72

Market conditions are still red, so we have to be patient, I think holding is a better thing, I always believe that the price of bitcoin will go up soon, if we panic by selling bitcoin now then I'm sure tomorrow we will regret it, daily transaction volume makes us worthy to be optimistic about the future of bitcoin.
that is what OP is doing now lol, he seems to be trying to keep His funds for safer positioning and this is why he is holding His Horses , because there is no need for selling as the cheapest value are what we having these days .
then why sell instead of losing? while there are so much to expect in the coming years or maybe just this end year alone .
Normally panic sells is cause of fearing on making their investment goes to zero thats why people do normally made out such common reaction which is something not really that surprising or most people do commit

out and for those who had able to learn up from their past mistakes will really be that aware on what are the things that they should do in times like this which is something in related to holding or someone do really even tend  to DCA which is mostly been advised or suggested by those people who do have enough funds to make such step or action.

Whether you do hold or sell its up to you but its dumb on panic selling or selling on loss if you could actually wait for recovery of the market.

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May 29, 2022, 12:57:02 PM
 #73

buying them cheap is better or I don't get it?.

Yes getting the coins cheap is better. You get a maximum profit when you are buying cheap but it is not easy to get the exact time that the bottom has been reached. People bought after ATH when bitcoin dropped to $50k thinking the speculation that bitcoin was getting ready to move to 100k was immediately on the move but it didn't happen and rather price fell more even to $40k when more took their entry price. Those different entry price are definitely not same measurement of loses likewise when gain starts on the long. Now we are at the $30k level, it is still a prediction of what can happen.
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May 29, 2022, 03:39:35 PM
 #74

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

What makes you sure that bitcoin will go back to $ 19k or just your personal prediction. If you keep waiting, that doesn't seem wise we can't predict bitcoin's price, so simply doing DCA is more necessary than waiting for it to drop as we predicted.

If BTC can't get back to $19k and bounce back from now on, you'll regret missing the chance to own BTC for $30,000. If you are a long-term investor, buying bitcoin is never wrong, don't wait for a price that is only in your imagination but look at what the market is doing.

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May 29, 2022, 04:02:37 PM
 #75

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

What makes you sure that bitcoin will go back to $ 19k or just your personal prediction. If you keep waiting, that doesn't seem wise we can't predict bitcoin's price, so simply doing DCA is more necessary than waiting for it to drop as we predicted.

If BTC can't get back to $19k and bounce back from now on, you'll regret missing the chance to own BTC for $30,000. If you are a long-term investor, buying bitcoin is never wrong, don't wait for a price that is only in your imagination but look at what the market is doing.
Yes, doing DCA is much better than waiting for an uncertain price and I don't think the bitcoin price drop will ever reach 19k.
currently the bitcoin price is only in the 30k area, and although there is a slight decline but will return to the 30k price and I think this price is our opportunity to make purchases in that area, so don't expect anything uncertain because bitcoin prices are not easy to guess and DCA is the best way.


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May 29, 2022, 05:28:27 PM
 #76

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.
It depends on how long you want to hold bitcoin, if you buy now, you and you want to hold it for like three years, it is a good idea.

You can use different strategies and approaches.

Like dividing the money you want to use to buy bitcoin into like four, setting plan to buy more if the price continue to decrease. If the lowest price you want is $19000, the price of bitcoin now is at $30000. You can buy at $25000, $23000, $21000 and $19000 if bitcoin possibly fall to that price.

There will be a time bitcoin price will decrease more, but you will have to wait for months for this to happen or just invest and see your money grow within 3 years from now is my personal advice.

I like your advice for dollar cost averaging the bitcoin and buying them at different prices. However, i would like to emphasize that we allocate the percentage of buying of your total portfolio at the different price levels. For example, it would not make sense to buy 50% of your portfolio at 19,000$ as the price may never reach there.

The best approach will be to buy more bitcoins at 28,000$ and 25,000$ and keep only 25% of the spare funds to buy if bitcoin price falls below 25,000$ (the chances of this is very slim).

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May 29, 2022, 07:25:52 PM
 #77

Market conditions are still red, so we have to be patient, I think holding is a better thing, I always believe that the price of bitcoin will go up soon, if we panic by selling bitcoin now then I'm sure tomorrow we will regret it, daily transaction volume makes us worthy to be optimistic about the future of bitcoin.
Buying right now is not a bad move at all if you ask me, the price is not moving much at the moment and buying bitcoin for a price which is more than 50% lower than the previous all time high it is not a bad spot to enter the market, now could we see a better price in the future? Of course, however that is only a possibility which may not manifest, while the price of 29k that we are seeing right now is a reality and a chance to buy bitcoin for a price that will be impossible to see a few years down the line.
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May 29, 2022, 07:54:40 PM
 #78

Market conditions are still red, so we have to be patient, I think holding is a better thing, I always believe that the price of bitcoin will go up soon, if we panic by selling bitcoin now then I'm sure tomorrow we will regret it, daily transaction volume makes us worthy to be optimistic about the future of bitcoin.
Buying right now is not a bad move at all if you ask me, the price is not moving much at the moment and buying bitcoin for a price which is more than 50% lower than the previous all time high it is not a bad spot to enter the market, now could we see a better price in the future? Of course, however that is only a possibility which may not manifest, while the price of 29k that we are seeing right now is a reality and a chance to buy bitcoin for a price that will be impossible to see a few years down the line.

Exactly this, once the train starts moving it is easy to miss the first surge because exchanges will get hit by massive demand.
People tend to want to buy the deepest point of the dip but nobody will succeed in that.
After the first surge they will be buying in an uphill battle, easily missing the train.

Get your coins ahead of the stampede  Smiley

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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May 29, 2022, 10:16:12 PM
 #79

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.
No time you buy bitcoins is wrong even in the dip market if you get money buy Bitcoin and keep, nothing like we have particular time to buy Bitcoin because no specific time that is meant for bitcoin buying and selling because of the speed in the price rising and the speed in the price falling, but you have to invest according to your finance and what you understand for cryptocurrency personally, if you have money like spell one you will buy when your money is due

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May 30, 2022, 04:27:20 AM
 #80

Holding in my opinion is better than selling, if I sell now then I lose and hold is the best choice, even I plan to buy more because I see the price is falling, I will see progress in 3 days to buy if the current price can go down again
lol , there is a right time for both , you must hold when the price is dumping and you must sell when the price is increasing and that means there are several situation we must consider when in crypto.
what will come in 3 days? is there something we should learn ? because it seems that you know things we don't understand .

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