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Author Topic: Don't sit on your hands  (Read 964 times)
NicNacCoin
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August 07, 2022, 11:53:50 PM
 #81

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
I don't think Bitcoin will ever hit 10k. But currently, Bitcoin is between $22,000 and $23,000.In the meantime came up to 17 thousand dollars. But it did not wait there for a long time and the market went up very quickly.If you want to invest, you must invest with your head and analysis and see a good time, don't rely on your hands all the time.You can never invest on your own hands.

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August 08, 2022, 04:18:31 AM
 #82

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
I don't think Bitcoin will ever hit 10k. But currently, Bitcoin is between $22,000 and $23,000.In the meantime came up to 17 thousand dollars. But it did not wait there for a long time and the market went up very quickly.If you want to invest, you must invest with your head and analysis and see a good time, don't rely on your hands all the time.You can never invest on your own hands.
Having our own analysis can help us decide on when is the right timing for us to buy. If you're going to hold for long period, a price decrease even a bit will do since its not for short term investment. The problem for some investors are they're waiting for the real bottom not knowing they already missed the opportunity to buy. On the other side, DCAing is a good strategy so we dont need to concern ourselves for the current price.

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August 08, 2022, 10:44:28 AM
 #83

As everyone is saying DCA remains the best strategy at the moment to avoid been caught up by any market surprises. And always having an analysis even for the DCA method is an added advantage. Applying DCA blindly is equivalent to gambling. Crypto investment generally is a research oriented venture. Other sit on one's hand as Op tagged it making research on DCA approach will keep them prepared for what ever the market decides on

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August 08, 2022, 10:09:28 PM
 #84

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
I don't think Bitcoin will ever hit 10k. But currently, Bitcoin is between $22,000 and $23,000.In the meantime came up to 17 thousand dollars. But it did not wait there for a long time and the market went up very quickly.If you want to invest, you must invest with your head and analysis and see a good time, don't rely on your hands all the time.You can never invest on your own hands.
Having our own analysis can help us decide on when is the right timing for us to buy. If you're going to hold for long period, a price decrease even a bit will do since its not for short term investment. The problem for some investors are they're waiting for the real bottom not knowing they already missed the opportunity to buy. On the other side, DCAing is a good strategy so we dont need to concern ourselves for the current price.
Always trust your analysis and just snip out some ideas on others but dont make yourself that relying into others calls and analysis because you would end up on regretting if you do lose a certain
trade just because you've followed on what others said.DCA is good but not all does have the money on doing so thats why whenever they do decide to make a buying decision then they would  really be
that careful on taking such thing because it do cost money but its true that due to hesitance it do really end up on missing out good opportunities to buy cheap but since this market is unpredictable
then having these errors or missed opportunities is really a common thing.

R


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arwin100
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August 08, 2022, 11:17:01 PM
 #85

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
There is no wrong if you always seek for the best entry as that will help you maximize your future profits. However, in a market that is so much unpredictable and that bitcoin is highly volatile, you will never know exactly when is the best entry and the best exit. The most important is that you got to grab every bit of opportunities that is happening in the market, otherwise you'll be left behind. So do DCA now, as its the most effective way to increase the volume of your bitcoin and make your portfolio profitable in the future.

Newbie should do DCA because this could practice their patience towards their trades and as well they can learn more from their daily activities by looking at the market volatility. Although its really hard to spot the dip to maximize our profit but we should always put this as a goal that whenever we are in profit we should exit so that we can continuously accumulate rather than waiting for more pumps which we didn't knew if this one will continue and might this will cost us losing our all money if we are so careless on our trades.

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August 08, 2022, 11:25:41 PM
 #86

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
In fact, it is very difficult to say what the Bitcoin market will be at any given time. At any moment the Bitcoin market can be dumping and at any moment the Bitcoin market can be pumping.Many are speculating that the Bitcoin market may be dumping further and may stay within the $10k range. But we have seen and know that Bitcoin only reached the maximum of 69 thousand dollars and then gradually more Dumping is 17k dollar range.This is such a big dumping in the middle I think this is the biggest kind of down that may never come again.At the moment, the Bitcoin market is now at 23 thousand dollars, but if you want to invest, you can invest in this market.Investing must wait for long time. But you can own a huge amount of money someday.
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August 08, 2022, 11:29:33 PM
 #87

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
There is no wrong if you always seek for the best entry as that will help you maximize your future profits. However, in a market that is so much unpredictable and that bitcoin is highly volatile, you will never know exactly when is the best entry and the best exit. The most important is that you got to grab every bit of opportunities that is happening in the market, otherwise you'll be left behind. So do DCA now, as its the most effective way to increase the volume of your bitcoin and make your portfolio profitable in the future.

Newbie should do DCA because this could practice their patience towards their trades and as well they can learn more from their daily activities by looking at the market volatility. Although its really hard to spot the dip to maximize our profit but we should always put this as a goal that whenever we are in profit we should exit so that we can continuously accumulate rather than waiting for more pumps which we didn't knew if this one will continue and might this will cost us losing our all money if we are so careless on our trades.
It depends actually on how much capable they are when doing trades but after all they still need those experience so that they will learn in the future how to do trade with the right plan and strategy to make some profit. Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.

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August 08, 2022, 11:34:20 PM
 #88

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
In fact, it is very difficult to say what the Bitcoin market will be at any given time. At any moment the Bitcoin market can be dumping and at any moment the Bitcoin market can be pumping.Many are speculating that the Bitcoin market may be dumping further and may stay within the $10k range. But we have seen and know that Bitcoin only reached the maximum of 69 thousand dollars and then gradually more Dumping is 17k dollar range.This is such a big dumping in the middle I think this is the biggest kind of down that may never come again.At the moment, the Bitcoin market is now at 23 thousand dollars, but if you want to invest, you can invest in this market.Investing must wait for long time. But you can own a huge amount of money someday.
Bitcoin is a very volatile asset and it is expected to move up and down anytime. The massive dump of bitcoin has happened many times before and it is expected because of the market cycle we are anticipating for. There are many charts all over the internet speculating where will bitcoin go and some of them are from $10k range. It's actually possible but the best thing we can do right now is to apply DCA since the market now is very uncertain.
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August 09, 2022, 03:20:15 AM
 #89

Newbie should do DCA because this could practice their patience towards their trades and as well they can learn more from their daily activities by looking at the market volatility. Although its really hard to spot the dip to maximize our profit but we should always put this as a goal that whenever we are in profit we should exit so that we can continuously accumulate rather than waiting for more pumps which we didn't knew if this one will continue and might this will cost us losing our all money if we are so careless on our trades.
DCA could be too advanced for most newbies as it could be incredibly painful for them to buy bitcoin and see that it goes down in price and then repeat this process over and over again, since at some point they could panic and sell their coins, to me it is better that newbies start by using the most simple strategy, which is just to buy and hold their coins, and then after they get a better understanding of this market they can try their hands on DCA.
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August 09, 2022, 07:32:59 AM
 #90

Newbie should do DCA because this could practice their patience towards their trades and as well they can learn more from their daily activities by looking at the market volatility. Although its really hard to spot the dip to maximize our profit but we should always put this as a goal that whenever we are in profit we should exit so that we can continuously accumulate rather than waiting for more pumps which we didn't knew if this one will continue and might this will cost us losing our all money if we are so careless on our trades.
DCA could be too advanced for most newbies as it could be incredibly painful for them to buy bitcoin and see that it goes down in price and then repeat this process over and over again, since at some point they could panic and sell their coins, to me it is better that newbies start by using the most simple strategy, which is just to buy and hold their coins, and then after they get a better understanding of this market they can try their hands on DCA.
Maybe newbies really need to learn more to analyze better so that even if the price drops, they can still see an opportunity to buy more than before.
It takes experience and practice many times to see the opportunities that come and I'm sure if they can do it, their ability to try DCA will be better one day.
It may look difficult but that's where the challenge is for a newbie, especially those without enough trading experience.
Everyone, especially professional traders, starts their career from the bottom and keeps learning until they have enough skills to trade and make a profit.
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August 09, 2022, 09:24:14 AM
 #91

Bitcoin is a very volatile asset and it is expected to move up and down anytime. The massive dump of bitcoin has happened many times before and it is expected because of the market cycle we are anticipating for. There are many charts all over the internet speculating where will bitcoin go and some of them are from $10k range. It's actually possible but the best thing we can do right now is to apply DCA since the market now is very uncertain.
Depending on what money you have at hand to spend, you could buy bitcoin at different levels when it is dropping and hold your horses when it is rising.

Simple and safe strategy to accumulate bitcoin with the idea to sell them at higher levels works nicely but it takes patience and the earning is gradual. Indeed, you could take more risks and speculate on the prices but one should ask themselves is that stress worth it? In most cases the answer is No.

Since the price has moved from 22k to 23k USD, I expect the bearish trend to have reduced compared to the bull trend. Therefore it is a time to keep patience and focus on markets other than crypto for active trading and just wait and watch for this one.

R


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August 09, 2022, 10:28:10 AM
 #92

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.
It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.

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August 09, 2022, 03:33:23 PM
 #93

I don't think Bitcoin will ever hit 10k. But currently, Bitcoin is between $22,000 and $23,000.In the meantime came up to 17 thousand dollars. But it did not wait there for a long time and the market went up very quickly.If you want to invest, you must invest with your head and analysis and see a good time, don't rely on your hands all the time.You can never invest on your own hands.
Having our own analysis can help us decide on when is the right timing for us to buy. If you're going to hold for long period, a price decrease even a bit will do since its not for short term investment. The problem for some investors are they're waiting for the real bottom not knowing they already missed the opportunity to buy. On the other side, DCAing is a good strategy so we dont need to concern ourselves for the current price.
That’s the benefit of being a long term investor. If you are doing something that is beneficial for you like long term investment, then all those things that "should" hurt you like a short term drop would not matter to you. Like I have been holding for a few years now, saw it go up a lot, saw it go down a lot and none of that mattered to me, I was of course happy when it went up but didn't sell much.

So, people who are long term will not be caring for the drops there are in the price of bitcoin or anything else. This is the approach you could have during bear markets like now, you could buy as much as you can and wait for the long term profits.

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August 09, 2022, 07:55:54 PM
 #94

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

I do agree with you. Also, the market also likes to play counter-intuitive at times and that is why a lot of people lose trying to guess. DCA is the best strategy for overall win in the market. However, it requires more patience to finally make those huge gains.
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August 09, 2022, 07:59:54 PM
 #95

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.
It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.
Yeah, it's debatable since there's too much factors why trading is not for everybody hence, not quitting will result to more losses though the cost was great but if someone can endure the losses and learn what they have been doing in the past when trading then it's worth it. But if someone who hasn't had enough funds to support their trading career I think it's best to stop or try a different approach when trading because it depends on someone's strategy.

3996
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August 09, 2022, 08:58:14 PM
 #96

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.
It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.
Yeah, it's debatable since there's too much factors why trading is not for everybody hence, not quitting will result to more losses though the cost was great but if someone can endure the losses and learn what they have been doing in the past when trading then it's worth it. But if someone who hasn't had enough funds to support their trading career I think it's best to stop or try a different approach when trading because it depends on someone's strategy.
You should accept losses and learn from it instead of quitting, you cant really make yourself that improved or good in terms of being a trader or investor if you do really make yourself that too impulsive on things
and made out decisions that you should quit or completely stop because you do see that you cant really able to do it.Whenever we do see investment opportunities then its up to our choice
and base up on our risk management or factor if we do really make out decision whether we do get in or not. Just dont make yourself sit down and telling up things without doing any action
or decision because once the market do make out some move and you had missed it out then it would leave you regretting.

R


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Vaculin
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August 09, 2022, 11:08:36 PM
 #97

Actually if they are lazy enough to research about strategy regarding about the possible price of Bitcoin when it goes down even more, they could literally just buy at whatever the price of Bitcoin right now, because we are too far from the all time high and all they would do is to wait for it to reach that peak again to gain profits.

Now, if the price dumps even more after they bought, then it's fine, because the bottom line is Bitcoin will definitely gonna make a new all time high after this bear market.
Bitcoin will always bound to settle for a new all time high, that is why even if you can’t make the best entry, you will still be profitable in the future as long as your goal is to have bitcoin as a long term investment. Unlike with altcoins, their future are more uncertain compared to bitcoin, and people should always wait for the best entry so that they can maximize their profits in time before the value of those altcoins start to drop again.
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August 10, 2022, 05:21:23 AM
 #98

Actually if they are lazy enough to research about strategy regarding about the possible price of Bitcoin when it goes down even more, they could literally just buy at whatever the price of Bitcoin right now, because we are too far from the all time high and all they would do is to wait for it to reach that peak again to gain profits.

Now, if the price dumps even more after they bought, then it's fine, because the bottom line is Bitcoin will definitely gonna make a new all time high after this bear market.
Bitcoin will always bound to settle for a new all time high, that is why even if you can’t make the best entry, you will still be profitable in the future as long as your goal is to have bitcoin as a long term investment. Unlike with altcoins, their future are more uncertain compared to bitcoin, and people should always wait for the best entry so that they can maximize their profits in time before the value of those altcoins start to drop again.

That's why we don't have to wait for Bitcoin to drop to $10k first to buy Bitcoin. We can buy Bitcoin at the current price, it's not too bad if
we decide to buy Bitcoin at $23k. Because when compared to the price of Bitcoin which managed to reach a price above $60k before,
then buying at a price of $ 23k we can say we are buying Bitcoin at a low price. Even I myself do not have a target to buy Bitcoin at
what price, what I'm doing now is buying Bitcoin regularly every month from 10% of my income. Because I know as long as we can collect as
much Bitcoin as possible and after that we hold the Bitcoin we have in the long term, I am optimistic that we can all make a profit from Bitcoin.
So my advice never delay buying Bitcoin if we do have the capital to invest.

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August 10, 2022, 06:20:07 AM
 #99

Totally, it’s not going to wait for something that you might think will happen but may not. So, if one can invest some money in crypto, it’s a good time to do so.
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August 10, 2022, 11:39:22 AM
 #100

Trading is not for everyone but it's worth it once you know what you are doing. It totally give you freedom once you go full time and take a better profit than working 9-5 hours almost everyday but just like I said it's not for everyone.
It's worth it when you've failed for so many times but you didn't give up because you know that you'll do better after all of those failures. Only those who give up are the ones that don't see greatness in trading. But, it is debatable that even if you're an aspiring trader and never gives up, there are times that you have to give up because it's the best thing to do. Like when you're tired and exhausted in the market because this is all about the emotions that you're having.
Yeah, it's debatable since there's too much factors why trading is not for everybody hence, not quitting will result to more losses though the cost was great but if someone can endure the losses and learn what they have been doing in the past when trading then it's worth it. But if someone who hasn't had enough funds to support their trading career I think it's best to stop or try a different approach when trading because it depends on someone's strategy.
Yes, it's all about those experiences that a new trader will accumulate. He can treat those losses as a learning experience but the cost depends on how much it is.
He can actually start with little and treats that as the way to learn the market at the expense of that budget he has allocated for his first trades. It doesn't have to be big.
But the matter is to be able to learn and maximize every lesson that he'll have through it.

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