Too risky to leave BTC right now

[Lucius]

...the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Why on Monday? It somehow seems to me that the price of BTC is the highest on Mondays, and the lowest at the end of the week, but maybe it just seems that way to me. Besides, for someone who invests small amounts on a weekly basis, it doesn't make much sense whether the price is $19 500 or $20 000 - so it doesn't matter whether it's Monday or Friday

When you talk about risk, you should keep in mind that the risk of someone who invested in Bitcoin a long time ago and someone who did it this year or last year is not even close to the same. For some people, the exit point at this moment is no risk - because if it's only about profit, I'm sure that a few million less or more is not something that hurts your head if you're sipping a cocktail in the shade of palm trees on some exotic island

[Luzin]

Bitcoin should be viewed like any other investment, make a clear investment plan after a detailed market analysis and have a clear exit strategy, and stick to it until the end.
The biggest enemy of every investor is his emotions. Everyone must learn to control their emotions and make rational decisions.

Those who have known Bitcoin for a long time already understand how it moves. So too much panic it won't happen to old people, I think only new people will become impatient. The old investors have experienced a period of halving that keeps repeating itself, it will be a strong foundation for keeping a belief. As you say Emotions are a major factor in trading. When you are able to control your emotions then you can become a good trader. In fact, I am currently 7 years old in Bitcoin. But That emotion is so hard to control, I'm still learning at the moment. 

[Obari]

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying,  

But for me now is a good time to buy because the price is lower 2x than  almost a year ago which the btc price is reaching $60k.

It seems the OP is just trying to predict the price of Bitcoin from assumption, which is definitely very wrong because Bitcoin as we know, is very volatile and it's price is been determined by a whole lots of factors which even assumption isn't one. People asking for Bitcoin at a certain price shouldn't be a cause for alarm as Bitcoin has already come to stay and it is at the bear market that a trader or an investor is term good or seasonal.

There is no wrong time to buy Bitcoin as it is always advised to buy as much Bitcoin as we could at every time we could, but always have the mindset of buying low and selling high. And it is indeed very risky staying out of crypto because in 5 years time we would look back today and wish we bought more at this price.

[isaac_clarke22]

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Please avoid making assumption just because other's people called it. There's no specific days in a week where you could be best buying or even selling Bitcoin and no, it won't make anyone feel better since expectations will come through and they would think that "oh Bitcoin would be around this price next week."

If you're a long-term holder or even a "hodler", you're going to be fine.
Source? My own experience since early 2017.

[Eureka_07]

<snip>

Well if someone is yet to invest on bitcoin, I can't figure out the relevance of the "risk to leave Bitcoin right now". That someone could only have the risk on leaving BTC if he/she has an investment into it and he feel the need/he wants to sell his btc on a lower price after buying it with the market potentially going up for example.

It's crazy to know some people are waiting for Bitcoin to go down to $3500. I did not expected that.

[nurilham]

Try to be wiser and also have anticipation in every expectation that we have. This time, Bitcin is still in a state of decline during the Bear Market. However, we still don't really understand what the real bottom of Bitcoin is. Then, are we just going to wait until the Bitcoin price reaches that number? what if it doesn't work? Aren't we going to regret it later?

For this reason, we as investors certainly have various strategies for investing in Bitcoin. I'm not saying that DCA is the best and must be done, but I personally choose to do DCA because of its various benefits and pros. In this case, we have at least tried to deal with the price going down or not at a certain rate.

[TelolettOm]

-snip- it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays?

Why we should buy BTC on Monday? The price drops not always on Monday, sometimes the price drops in the middle or at the end of the week. So, there is no exact day to buy Bitcoin, it depends on the current trend in the market. You also must know that it is not a must to always buy Bitcoin every week. If it seems not a really good time to buy, don't force yourself to purchase Bitcoin. We must be careful, don't do panic buying.

[Darker45]

Although $10,000 is possible, I guess it is more likely for Bitcoin to reach $30,000 than fall to as low as $10,000. October is probably a better month. And probably the rest of the remaining months of the year would also be better months. So I don't see a $10,000 coming. If it happens, it wouldn't be within 2022. I'm not sure if there would still be a huge fall before the halving in 2024, but, again, $10,000 is probably too far down.

[Gallar]

I agree, if now is the right time to buy bitcoin, because bitcoin is going down in price.
but not a lot at once, little by little.

if the price goes down a bit, buy immediately, and don't buy when it goes up even a little.

[Gosgosking]

It's way too risky to be out of bitcoin right now

It is also risky and will be regrettable if we don't take advantage of this dip in price of bitcoin right now. It is also risky to want to buy bitcoins now and not have an updated knowledge about how to buy profitably. It will be risky also to get scared and bail out on bitcoins now because it may not look promising for the shortsighted. Likewise it is risky to keep holding bitcoins. Bottom line is choose your risk wisely.

Some people are just greedy.  The price of bitcoin is cheap that it can be affordable but some people still want the price to go dip. The best thing to do is to buy bitcoin in every dip, it is good opportunity that can be missed.  No one knows if anyany moment we will be out from the dip.

[suzanne5223]

Some people are just greedy.  The price of bitcoin is cheap that it can be affordable but some people still want the price to go dip. The best thing to do is to buy bitcoin in every dip, it is good opportunity that can be missed.  No one knows if anyany moment we will be out from the dip.

It's never about being greedy in some cases but the level of knowledge and experience some investors had about the Bitcoin market during the bearish market.
If we are judged based on the previous market trend of Bitcoin when it is a total market correction, those that expect the price of Bitcoin to dip into the $10,000 price range are not greedy. However, it is good to seize the current opportunity the market presented.

[KiaKia]

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying,  it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the same thing the opposite always happens.

Do not sit back and do nothing

Honestly OP the price of BTC is volatile which means you can not access it anytime or know that the price will go up higher or lower, in short, it depends on the market. So if other said that they will buy BTC is the price will go down as they expected then that's their decision.  But for me now is a good time to buy because the price is lower 2x than  almost a year ago which the btc price is reaching $60k.

Exactly, I'm happy someone fully understand why I created this topic, I will still stand on my point, if you aren't already dollar cost average into BTC you are making a huge mistake, the useful ness of stable coins is to take advantage of the market but since no one can predict where market is headed we have to ease our risks by investing gradually as the market price goes down.

[Awaklara]

we have to ease our risks by investing gradually as the market price goes down.

the strategy you use to own more BTC assets by buying incrementally is pretty good. I guess a lot of traders and investors do too.
but everyone has a different way and strategy. Some investors go all in with all their money with one buy in the market. then he leaves the market until his appointed time. some buy gradually when the decline continues. like you do. but some people are afraid to start because of the risk of a deeper decline and also limited capital.

[Sarah Azhari]

we have to ease our risks by investing gradually as the market price goes down.

the strategy you use to own more BTC assets by buying incrementally is pretty good. I guess a lot of traders and investors do too.

I think that strategy is suitable for a long-term investor like Warren Buffet. The short-time trader can't live if use that strategy because they must earn the money from price movement to buy food and the necessities of life. if he desperately buys gradually he can't be got a profit.

[onecall123]

What you're trying to do makes sense to me, and I don't have a problem with it at all. We never get bored with Bitcoin. As long as you're familiar with the market, you're good! Accumulating more often is definitely something I'll do. Don't be afraid to take a risk, and ignore those who doubt you. Keep this in mind:
It's important to want it when no one else does. You have to sell it when everyone wants it.
Simple as that.

[Issa56]

Some people are just greedy.  The price of bitcoin is cheap that it can be affordable but some people still want the price to go dip. The best thing to do is to buy bitcoin in every dip, it is good opportunity that can be missed.  No one knows if anyany moment we will be out from the dip.

Should I just tell you the fact, no matter how bitcoin price dump people wont still buy, they will still continue to wait for more dip till they see bitcoin price at the top again before they start regretting why they didn't buy when the price was cheap. We all know that bitcoin price is down now but some people are still calling for $10k, if bitcoin hit $10k some people wont still buy, maybe they will start predicting that bitcoin will dump to $1k and if it get to that price that's when they will start buying and when it get to the price they won't still buy. I dont listen to what people say, I know bitcoin price is down already so I always buy whenever am having extra money and I don't care if it dumps more, I don't listen to what people say.

[Agbe]

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying,  it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Do not sit back and do nothing

$10,000 BTC prediction is just an assumption therefore, it has no concrete affection to real believers of bitcoin but newcomers might taking it as serious thing. Buying bitcoin when it has climbed down to $10,000 is an another illusion or fantasy in mind. All the times are good to buy btc and the best time to buy is when the market is on bear, like this one now. Because at this bear market the price is low and the low income earners can afford it at this time so if anyone want to buy bitcoin this bear is recommended. Bitcoin can not reduce to 10k over night so planning to buy it when it is 10k is their personal choice then they have to wait for the market to go down again, probably next 20 years. In my own assumption bitcoin will not go down below 17k, the time bitcoin would have reached 10k as passed. it was at the time of July or June this year but he scale through even at that time.

[Inwestour]

$10,000 BTC prediction is just an assumption therefore, it has no concrete affection to real believers of bitcoin but newcomers might taking it as serious thing. Buying bitcoin when it has climbed down to $10,000 is an another illusion or fantasy in mind. All the times are good to buy btc and the best time to buy is when the market is on bear, like this one now. Because at this bear market the price is low and the low income earners can afford it at this time so if anyone want to buy bitcoin this bear is recommended. Bitcoin can not reduce to 10k over night so planning to buy it when it is 10k is their personal choice then they have to wait for the market to go down again, probably next 20 years. In my own assumption bitcoin will not go down below 17k, the time bitcoin would have reached 10k as passed. it was at the time of July or June this year but he scale through even at that time.

Waiting for the price of 10,000 is a lottery, you may or may not get lucky. Or maybe it will be a temporary decline and the price will reach the expected price, but it will be so short-lived that no one will have time to buy if they do not list lots prematurely. Therefore, waiting for 10,000 is a risky business, but this is normal, in a bear market, no matter what the price is, there will always be expectations of an even lower price. Also, in a bull market, positive mood always prevails.

But you see, the statistics tells us that there are very few successful investors/traders, most of them lose money, which means that the majority will continue to make mistakes, in this case, wait for 10k.

[Odusko]

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying,  it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Do not sit back and do nothing

You may be right and at the same time, you may be wrong, even though people are calling for a $10,000 price that does not translate into an uptrend price. The opposite doesn't always happen in most cases but again in some cases, it may happen.
But when it comes to Bitcoin price speculation we should always try to bring in some data analysis before arriving at any conclusions, but all I see with this kind of statement, are just predictions and nothing else.

[Kasabus]

It's way too risky to be out of bitcoin right now

It is also risky and will be regrettable if we don't take advantage of this dip in price of bitcoin right now. It is also risky to want to buy bitcoins now and not have an updated knowledge about how to buy profitably. It will be risky also to get scared and bail out on bitcoins now because it may not look promising for the shortsighted. Likewise it is risky to keep holding bitcoins. Bottom line is choose your risk wisely.

Everything is risky as it is so always take the risk one step at a time. If you think this is the right timing to start buying bitcoin and invest for long term, then go for it. After all, the best time to accumulate is when the bear market is happening. And selling can only be done when you will sell at a profit. And that will eventually happen once the market turns bullish, where most of the coins have positive proves.