Don't sit on your hands

[Lida93]

It's not bad that OP is raising such advise at this point in the market where there's so much uncertainty than before. For risk taking in times when a market doesn't seem favourable is what has made many outstanding businessmen reach the height they are today.

But one thing OP fail to attach to his thread is that people should always never forget to put in an amount they are able to easily let go should there be a downfall to their investment plan. So as to avoid certain depression they may arise eventually from your loss.

[goinmerry]

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.

Who are these many people? Honestly, even Bitcoin will go down to $10,000, I doubt they will really start investing since for sure, they will expect for the price to go down more. That's always the case for those waiting for their price entry but when it reached, there's still a hesitation.

To expect for $10,000 Bitcoin price seems not close to reality but I'm not saying it's not possible to happened. We need a worst situation that something we can't imagined for that price to be reached.

I doubt the price will reach that level again. For those who are still waiting, they wasted lots of opportunity already with several price swings happened. If they think bitcoin is really good for long-term holding, they really need to act now and consider buying at the current price rate while also trying to increase their holdings as they wait for their expected moon price.

[koang]

~ ~ ~

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.

DCA aims to reduce mistakes in making investment decisions at the wrong time
DCA will also help us to be disciplined to buy more when the price is down and less when the price is going up and avoid emotional decisions
But if the market trend moves up, the DCA strategy has a relatively small return to investors

If our investment style is more aggressive, then a Lump sum strategy can be an option.
Both of these strategies can be equally profitable, the difference is only in money management and risk profile.

[Tellek Garing]

It's always a good idea to come up with a strategy for when you're going to buy (and potentially sell) coins rather than just continously aiming to buy a lower price (you're more likely to sell at a loss then too imo).

Few people buy bitcoin at the bottom and most of them either buy randomly or buy without having specific strategies. The market will never tell you were the bottom or top is accurately and it only shows you area of conference and at that waiting to buy at the lowest of the lowest will always cost you to lose investment opportunities.

most of those random buys because they also have confidence in the bitcoin market that will pump up the future.
at any price, I think buying Bitcoin will not lose as long as we are patient for the targets to be achieved in the future.
investing is always profitable for the long term. the situation may be different if they plan a short-term trade or investment.

I think Bitcoin investment for the long term will be profitable and indeed it takes patience,
and for the short term I don't think it's the right time considering the current condition is still like this,
I really believe Bitcoin will skyrocket again in the future

From my personal experience on how the market works I think we are currently at the bottom! Both short and long term are in favor of bullish market. My indicator is showing low low om a daily and weekly charts and that is enough confirmation for me that it is at the bottom. We just waiting for some positive news that will trigger breakouts towards an upward direction.

[Webetcoins]

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.

Not many people understand that concept. Losing money as a way of learning how to make money better, is something crucial for any trader but they do not realize how important it could be. Instead they look at their losses and think that that's just a loss and they end up being something wrong, I do not think that it would be good enough at all for many people.

Just being upset or angry that you ended up losing money doesn't mean that you have the right to do that. You shouldn't be upset or angry, you should be anxious to learn that there is a good chance it could benefit you if you know what you lost and you could regain that even more if you learned your lesson.

[Silberman]

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.

Without a doubt I think that many newbies could learn to perform the DCA strategy correctly, but in my opinion on their rush to get profits they skip a great deal of steps on their development and this plays against them, how many newbies try to day trade immediately with almost no knowledge about the markets? A huge number, then they lose their money and they get unhappy about this market, but if instead they began by holding their coins for a few years, then they got to implement DCA for a time as well and only then they decided to become traders their results will be way better, but for them this is a method that is too slow and they do not want to use it.

[distr@yopmail.com]

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.

Not many people understand that concept. Losing money as a way of learning how to make money better, is something crucial for any trader but they do not realize how important it could be. Instead they look at their losses and think that that's just a loss and they end up being something wrong, I do not think that it would be good enough at all for many people.

Just being upset or angry that you ended up losing money doesn't mean that you have the right to do that. You shouldn't be upset or angry, you should be anxious to learn that there is a good chance it could benefit you if you know what you lost and you could regain that even more if you learned your lesson.

we must learn from the mistakes that make us lose money in the trades we make. feel annoyed and angry I think it's natural, but we have to make us learn from our mistakes. otherwise, we will not get any progress and will always fail in the trades we do. the result may be that we will leave the market and start not trusting the crypto market anymore.

[blackened515]

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.

Although, Bitcoin price is hard to predict accurately. Personal, I won't basically be surprise if Bitcoin price probably falls to $10000. But, is not a great idea to wait for it to falls to 10k before investing. The bull run can begin anytime, we just have to take advantage of the present dip to enable us make profit when it rises. However, the price is currently around $24k, therefore IMO, their are low possibility that it will be dipping all the way to $10k anytime sooner.

[sulendra12]

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,

The things about buying too low is that you won't ever reach that price range point anytime soon unless there are some major breakdown in the world for example what we have experienced with COVID 3 years ago which makes the price really down at that moment and fortunately we have recovered from that. If you are waiting for that kind of moment, that might be unhealthy to do.

[rojan]

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.

Chatting basically requires patience. If you can be patient, you can survive in your trading. Anything can be achieved if you can be patient. If you lose patience somewhere, you must accept failure.  If you can then one day you will be successful just like tweeting here when the market fluctuates you have to wait patiently and keep an eye on the situation of the market like this if you proceed step-by-step then you will be successful here properly.

[palle11]

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,

People did expect that price will drop like you said and there expectation saw price actually coming low to $17k before this recent drive back up to $24k . There expectation wasn't far from the reality on the history of bitcoin back in 2017 that it had a bull and 2018 it dropped to $3,500 after the bull hype was over. That is same thing expected but for now we can't be sure what way price deciding to go.

[Sebas.tian]

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,

The things about buying too low is that you won't ever reach that price range point anytime soon unless there are some major breakdown in the world for example what we have experienced with COVID 3 years ago which makes the price really down at that moment and fortunately we have recovered from that. If you are waiting for that kind of moment, that might be unhealthy to do.

I don't think, people will still experience such challenge again because the pandemic really made many countries currency to lose value and also caused Bitcoin to decreased at the moment for people to buy and hold for the price to increase higher before they can sell to make a good profit. Now that the governments has done everything possible within their power to stopped the spreading of COVID-19 in different countries of the world, it will be difficult for traders to experience such losses in the market again. This is the best time to buy Bitcoin and hold, because the price will not go down than $20,000 before it will hit  back to $50,000 soon.

[lepbagong]

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,

although indeed the situation you said could have happened if you look at bitcoin's past behavior, but you are very wise that it is also possible that it will not happen. so it's always driven by time to be able to execute it immediately, always have to take bolder actions to decide immediately, because bitcoin investment is very promising.

People did expect that price will drop like you said and there expectation saw price actually coming low to $17k before this recent drive back up to $24k . There expectation wasn't far from the reality on the history of bitcoin back in 2017 that it had a bull and 2018 it dropped to $3,500 after the bull hype was over. That is same thing expected but for now we can't be sure what way price deciding to go.

yes, indeed the character of bitcoin is that it always repeats the past, so many hope that there will indeed be a possibility that bitcoin will be able to drop below $17K, although it is also very likely that it will not happen.
all can not be known with certainty, so it is very wise to always be able to buy indeed when the price is low enough and does not have to be too low. because you might miss the lowest price it could happen because you expect more than you want.

[Longer27]

I completely agree with the author movement is life The market is based on two interests there is you who sells making a profit there is still you who buys wanting to make money and at some point the pressure from the bottom to buy becomes so great that the market begins to grow on the principle of a pyramid

[Digital_Lord]

The market is now a meaningful way to obtain some coins, but if you are having a discussion about bitcoin, then I presume that bitcoin is always there to yield you financial advantage and if you buy a bit of it and carry, then there is no denying that you will be an affluent person once economy goes efficacious. It is a simple truth that bitcoin is a really opportunistic coin, and if it become minimal so there nothing more precious than purchasing it.

[Desscount]

The market is now a meaningful way to obtain some coins, but if you are having a discussion about bitcoin, then I presume that bitcoin is always there to yield you financial advantage and if you buy a bit of it and carry, then there is no denying that you will be an affluent person once economy goes efficacious. It is a simple truth that bitcoin is a really opportunistic coin, and if it become minimal so there nothing more precious than purchasing it.

What you say is true and we also can't turn a blind eye that I think Bitcoin is a guarantee of making a profit,
but again it all also depends on the strategy,
because if we are not smart in managing when to hold and sell it most likely it will make a loss

[jossiel]

The market is now a meaningful way to obtain some coins, but if you are having a discussion about bitcoin, then I presume that bitcoin is always there to yield you financial advantage and if you buy a bit of it and carry, then there is no denying that you will be an affluent person once economy goes efficacious. It is a simple truth that bitcoin is a really opportunistic coin, and if it become minimal so there nothing more precious than purchasing it.

That's the reality about bitcoin.

If the market situation isn't that good, it's the time for those who haven't bought to buy. Because normally, bitcoin will recover no matter what is the situation right now.

Soon, the market will be good again and will show a great relief of sigh and that's why for every time that it's seen on its low, long term thinkers will never neglect that opportunity.

[Zanab247]

The market is now a meaningful way to obtain some coins, but if you are having a discussion about bitcoin, then I presume that bitcoin is always there to yield you financial advantage and if you buy a bit of it and carry, then there is no denying that you will be an affluent person once economy goes efficacious. It is a simple truth that bitcoin is a really opportunistic coin, and if it become minimal so there nothing more precious than purchasing it.

Yes, no doubt you will earn something good, if only you can embrace this opportunity to purchase Bitcoin at this lower price and hold because this is the best season many professional investors used to buy and hold for the price to move higher before they can sell to make something reasonable from the market. I don't think, I will miss this opportunity to buy Bitcoin, because the price is still between $19k and $18k, which will really help me to buy huge amount of Bitcoin now and help me smile in the future when the price hit back $50k.

[milewilda]

The market is now a meaningful way to obtain some coins, but if you are having a discussion about bitcoin, then I presume that bitcoin is always there to yield you financial advantage and if you buy a bit of it and carry, then there is no denying that you will be an affluent person once economy goes efficacious. It is a simple truth that bitcoin is a really opportunistic coin, and if it become minimal so there nothing more precious than purchasing it.

Yes, no doubt you will earn something good, if only you can embrace this opportunity to purchase Bitcoin at this lower price and hold because this is the best season many professional investors used to buy and hold for the price to move higher before they can sell to make something reasonable from the market. I don't think, I will miss this opportunity to buy Bitcoin, because the price is still between $19k and $18k, which will really help me to buy huge amount of Bitcoin now and help me smile in the future when the price hit back $50k.

Always consider the risk because nothing is assured when it comes on any investment or even with Bitcoin but of course we could really see its potential basing up on the things that it had been able to reach on a decades time but you shouldnt really be having that all-in type of decision or investment because it would really be that something risky for you to do so.Speaking of investment decisions then
this is something that really depends on you and since not all are really that having the same goals or target when it comes to bitcoin investment or even with alts that we do have.
Act according into your own will which you do seem that it would really be giving out some positive results.

[koang]

.
I don't think, I will miss this opportunity to buy Bitcoin, because the price is still between $19k and $18k, which will really help me to buy huge amount of Bitcoin now and help me smile in the future when the price hit back $50k.

Great load-up. We've been through this in 2018-2019, which makes it easy this time to see the light.
Enjoy your life and DCA as much as possible.
In the next few years, How funny it will be to look back on how people
are now debating whether they should buy Bitcoins at 19k or wait until 14k.
No pain, No gain. A bear market is when fortunes are made.