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Author Topic: Bear Market Opportunities - Forget "When Lambo"  (Read 422 times)
Marvell1
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July 08, 2022, 02:53:48 AM
 #41

I agree with buwaytrees here, it is usually a very easy thing to do. Some people have trouble with the whole long term holding things. I feel like it is the easiest way to make money, and it just feels like it is the opposite of hard, you literally do nothing while holding, holding is not a thing that you do, it is just the name we call to doing nothing.

There are some people who fail to do it, don't know why and how, but it just feels like they are not good at it at all. I have been doing DCA for a while as well, and I wish I started earlier, I would love to have a lot more right now, if I had money, I would buy bitcoin right now without a worry at all, it is as close to bottom as it gets anyway.

Holding is a simple task but I don't understand why it becomes difficult for so many people. They enter the market but don't do their research, they're only interested in the short term, not the long term or the money they are investing can be borrowed, so when bitcoin starts to drop 20%-50%, there is panic selling and panic selling increases after bitcoin plummets. If they invest with the idle money they have, maybe things will become easier.

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July 09, 2022, 02:29:05 AM
 #42

I agree with buwaytrees here, it is usually a very easy thing to do. Some people have trouble with the whole long term holding things. I feel like it is the easiest way to make money, and it just feels like it is the opposite of hard, you literally do nothing while holding, holding is not a thing that you do, it is just the name we call to doing nothing.

There are some people who fail to do it, don't know why and how, but it just feels like they are not good at it at all. I have been doing DCA for a while as well, and I wish I started earlier, I would love to have a lot more right now, if I had money, I would buy bitcoin right now without a worry at all, it is as close to bottom as it gets anyway.

Holding is a simple task but I don't understand why it becomes difficult for so many people. They enter the market but don't do their research, they're only interested in the short term, not the long term or the money they are investing can be borrowed, so when bitcoin starts to drop 20%-50%, there is panic selling and panic selling increases after bitcoin plummets. If they invest with the idle money they have, maybe things will become easier.

It involved mental toughness and that is why it is very difficult to hold. And the moment you started to withdraw some stash, then it will set a precedent and goes on and on until all of your bitcoin is gone.

So that is the challenge, easier said that done for the majority, and for sure there are people who always check their portfolio to see how much their investment gain (or lost). So very very hard for us. And with that, I lauded those that able to hold for so many years and not even sell a single sat.

 
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July 13, 2022, 10:55:38 PM
 #43

So while the "When Lambo" crew have disappeared there is a lot of talk about Bitcoin's
This is commonly the word for altcoin projects. I have often heard and read about "when Lambo" in many telegram groups. That is because they don't know whether the project can really rise up exactly or not.
But for Bitcoin, we don't need to ask that and utter the words, because we have known and believed that Bitcoin will be skyrocketing someday, after the halving a d in other chance. Bitcoin price is now decreasing signifianlty, but this doesn't stop us to trust in Bitcoin able to rise up. We know that bearish era is not ended yet,t hat is why we must wiat for lite bit longer again. Just buy more to save and hold more  Wink

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July 13, 2022, 11:11:25 PM
 #44

It involved mental toughness and that is why it is very difficult to hold. And the moment you started to withdraw some stash, then it will set a precedent and goes on and on until all of your bitcoin is gone.

So that is the challenge, easier said that done for the majority, and for sure there are people who always check their portfolio to see how much their investment gain (or lost). So very very hard for us. And with that, I lauded those that able to hold for so many years and not even sell a single sat.

It's very difficult to hold if you investing money that you can’t affor to lose. Many crypto traders put there life savings or most of there salary in crypto as an all-in investment even though they are aware of its volatility. This is why crypto investment such as Bitcoin is really frustrating whenever bear market occur like what happening now. But if we only put an extra money as crypto investment, We don't care what will happened on it in short term because we already accept the fate of our investment win or lose the moment we purchased Bitcoin.
That's why we also have this adage "Invest what you can afford to lose", so that there will be no pressure for you to sell during bear market because it is not advisable to do that.

And I wouldn't call it frustrating, he have seen and experience the last bear cycle already. So we should know what to do currently. Just stay relax and then do some DCA, it might help up go over this bear market and at the same time invest on it very slowly.

R


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July 14, 2022, 03:57:05 AM
 #45

Most people are afraid to buy during this market season but doesn't even hesitate buying at the top when cryptos are going parabolic. They think that the current market condition won't recover anymore with these fuds going on.

While there are others that know this is the perfect time to accumulate and prepare for the next cycle. Once market starts to go up again, these people will just relax waiting for their holdings to reach a new ATH and take profit.
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