Why speculate when you can be at peace with Bitcoin

[GeorgeJohn]

Bitcoin is a speculative asset and if you don't like to speculate, it's okay. But the others can't be stopped by speculating the price of bitcoin because that's normal on it. It's true that we're at peace if we hold bitcoin because out of all the cryptos out there, this is what dictates the entire market for crypto. There's a safer thought of holding bitcoin and having it seated for a long time  without worries because we know at the end of it, there will be an increase value of it due to its nature which includes the halving.

I agree with you, among other cryptocurrencies Bitcoin is the only coin the price increase without given off to the market after a long term investment like some of the altcoins investment, it's obvious that holding of Bitcoin and on the process bearish hit the season, their a confidence holding your Bitcoin knowing that the market most normalize, that's the reason some people purchase Bitcoin and hold for long term without fear.

[peter0425]

You see the current Bitcoin market situation is the reason why speculation is bad, and should be totally avoided. Once youhold Bitcoin just know that the price can not be speculated and any point and the market price of Bitcoin can not be predicted.

speculation keeps popping even if the market is down or up so while the current Bitcoin market is bad? it is the whole market is suffering now.

Better to buy and Hold or just forget the market for a while.

I have read some speculations in the last couple of weeks back that we are in for a long-time bear market and even chat have been formulated supporttheir claims, but in the early hours of this new week, Bitcoin have seem to have been on a recovery mode after the price crossed the 19,500 region which is a sharp rise in price that indicate bullish movement!

recovery mode? when was that made? the price stays at 18-20k and even not crossing 20k so I think there is no recovery mode that in our days now?

[Pierre 2]

Nah, definitely no... Speculations are (in contrast with popular belief) good things in financial markets. They fuel demand. Speculations feed people like its cheap burgers. People buy and sell because things are speculated around. This is literal Truth. So increasing expectations like telling Bitcoin will become 150000 dollar is not something disruptive. Its attractive and it can help people to buy more/trade more. And people can make money.

[Oshosondy]

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

Bitcoin is a currency, but it deserves speculation as people are investing into it. You want bitcoin as a currency, but assuming you bought bitcoin when it was $60000, now at $19000, will you be happy? Speculation is very important for people that are just buying bitcoin, because to see your money depreciating can be very annoying and can cause depression. I know that your bitcoin is going to increase in value again and increase more than the price you bought it, but it can take over 2, 3 or up to 4 years before that would happen. I have seen someone yin this forum that told me so before in a post, I did not feel it until I bought bitcoin and seeing the price decreasing, it was not easy.

[bestcoins1]

Right now, we go in between 18k and 21k, if you could buy at 18k and sell at 21k and keep repeating that, you would make a lot of profit. Some people did that already and got good profits, without waiting anything, just buy at support, sell at resistance, as simple as that.

It's a very good idea and it's obviously a very appropriate and good thing to do at this point and I've also done it twice in the current state. It's generally quite a gain, but at this point I don't have more courage to continue doing that kind of thing in still uncertain conditions like now. So I prefer to trade safely and keep more stable cryptocurrencies before I make another purchase when the market starts to look better.

[Reid]

One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.

But if you have the application that tells the price of Bitcoin it makes you regret buying at that "entry price". 
It's given, you cannot just purchase and look away or cover your eyes and press the buy button. There will be times you want to check it out and it's normal.
I am not avoiding speculations because for me it's also a healthy thing, like a daily food that feeds me some information, but it doesn't mean I will follow it. It could become a basis but it's all up to you in the end.

[STT]

On some time frame everyone has a speculation, the main thing is to avoid day to day speculations as almost all people will just get themselves tangled up by the noise and volatility that BTC invariably has.    But weeks, months and years its reasonable to observe, if you could work out an entire year would be a withdrawal or retraction phase then its reasonable to avoid that year and that process also is speculation on a larger time frame.
  Judging larger time frames is far more likely to work then shorter time frames especially with candles as it shows all the price extremes in that time frame vs a line graph only shows the close price.   Right now we retract from the 50 day average and have done for months, its fair to say and speculate BTC is not seriously positive until we trade and stay above the 50 day average for at least a few days.  Ideally we get all the various moving averages turn upwards, ie. the average and momentum favors a gain.  We can trade at any price but some instances become more likely then others, dont fight the tide and BTC has yearly movements imo.

[GeorgeJohn]

I want you to understand that cryptocurrency market sphere is all about speculation because with speculation of cryptocurrency the market will not experience lost and gain, sometimes the negative speculation of Bitcoin and altcoins are the things that brings or introduce panic in the market and people began to sell out their reserved coins, so i believe that speculation of cryptocurrency negatively is one of the things lure many investors into lost and also profit.

I agree with what you said, because there is always an increase in buy orders when there is panic resulting from speculations, be it from the media or institutions who will want to manipulate the market to favor themselves.
Most of the whales always look out for highly speculative projects so that their can used whatever market situation to make more profits. Most especially those that are in for a short period.

At present the Pope always gives negative news when the red market, of course they hope the price of the red again and can buy in large quantities, we certainly have to follow the pattern or trend so that we can get a big profit in a short time.

As a trader or investor you don't have to follow negative information concerning the market, your duty is to check the market by making a research without depending on any news concerning cryptocurrency, i believe with your own search you will be able to know exactly when to make profit in the market and when not make profit.

[ShowOff]

Nah, definitely no... Speculations are (in contrast with popular belief) good things in financial markets. They fuel demand. Speculations feed people like its cheap burgers. People buy and sell because things are speculated around. This is literal Truth. So increasing expectations like telling Bitcoin will become 150000 dollar is not something disruptive. Its attractive and it can help people to buy more/trade more. And people can make money.

But without analysis then speculation is child's play, I like to call it that because they have no basis for saying it when only guessing the price. Speculation is an integral part of trading this highly volatile asset, so even if it's not 100% correct then at least the analysis done can help the trader or investor find the entry line before making a decision.

Again, not speculation without analysis, but it is guesswork.

[Chato1977]

But if you have the application that tells the price of Bitcoin it makes you regret buying at that "entry price". 
It's given, you cannot just purchase and look away or cover your eyes and press the buy button. There will be times you want to check it out and it's normal.
I am not avoiding speculations because for me it's also a healthy thing, like a daily food that feeds me some information, but it doesn't mean I will follow it. It could become a basis but it's all up to you in the end.

I still speculate even there are more times that my prices weren’t that close in the amount I expected I will buy or the amount that coin reached. It seems normal to me to speculate and set amount where I will try to buy. Though it’s not that profitable but if we already use in doing it,it is hard to avoid. I don’t use speculation from others but I check whether their speculation have a higher probability to happen than in mine. It’s not bad to speculate as long as we have basis in doing it and we research it.

Just buy when you feel its right mate, and your willingness to lose is also your willing ness to earn , there are so much to expect but there are only one chance to buy and that is in the days or so.

Timing is always the virtu mate and this is also what I use together with my instinct .

[South Park]

As a trader or investor you don't have to follow negative information concerning the market, your duty is to check the market by making a research without depending on any news concerning cryptocurrency, i believe with your own search you will be able to know exactly when to make profit in the market and when not make profit.

It is very difficult to have an exact idea of when to sell and when to buy so we can make profits all the time, even the best traders only have a rough idea of what it may happen and their analysis could become worthless if there is a big event around the world which subverts their expectations, and the pandemic is a good example of this, the economy was doing relatively well before the pandemic but then the pandemic appeared out of nowhere and suddenly governments, businesses and families found themselves struggling to survive, and in many cases they still do as they are still suffering from the side effects of the pandemic.

[Russlenat]

Speculation is a part of the process interms of investment. The idea of assuming that its market value would increase in the future is already speculating. Maybe OP means not speculating that much or not putting that much of attention checking its market value.

That's just okay as long as it's your vison as an investor but we cannot put a margin to those who are using a different method; short term investment. We do all have different perspectives but for sure we are all having one goal; to gain profit from doing so.

I understand that we can never be sure of everything, the reason why sometimes we end up with speculations. But for me, that’s still fine as long as we also make a thorough and educative research on that so that we’ll also rely on facts and not purely on speculations. Regardless if we have long term or short term investments, that’s our choice as long as we always go for good and established coins for investments.

[Lanatsa]

Speculation is a part of the process interms of investment. The idea of assuming that its market value would increase in the future is already speculating. Maybe OP means not speculating that much or not putting that much of attention checking its market value.

That's just okay as long as it's your vison as an investor but we cannot put a margin to those who are using a different method; short term investment. We do all have different perspectives but for sure we are all having one goal; to gain profit from doing so.

I understand that we can never be sure of everything, the reason why sometimes we end up with speculations. But for me, that’s still fine as long as we also make a thorough and educative research on that so that we’ll also rely on facts and not purely on speculations. Regardless if we have long term or short term investments, that’s our choice as long as we always go for good and established coins for investments.

The most important thing is that you do made out decisions on your own without being influenced by other people when it comes into your investment decisions.We do have our own inputs and insights towards

things and it wont really be that good looking if you do rely yourself on what others been saying.Of course we do really love to see alternatives on making profits and this is the main reason on why there are

people who do really tend to spread out their investment on altcoins rather than putting their focus solely on Bitcoin.Yes, we could really be that confident with BTC
but it would be normal for people on seeking up for another income alternative or could really give out some chance.

[South Park]

Speculation is a part of the process interms of investment. The idea of assuming that its market value would increase in the future is already speculating. Maybe OP means not speculating that much or not putting that much of attention checking its market value.

That's just okay as long as it's your vison as an investor but we cannot put a margin to those who are using a different method; short term investment. We do all have different perspectives but for sure we are all having one goal; to gain profit from doing so.

I understand that we can never be sure of everything, the reason why sometimes we end up with speculations. But for me, that’s still fine as long as we also make a thorough and educative research on that so that we’ll also rely on facts and not purely on speculations. Regardless if we have long term or short term investments, that’s our choice as long as we always go for good and established coins for investments.

There is a big difference between a random speculation and a speculation based on deep research about the markets, the former is completely arbitrary and we are making numbers out of thin air but the latter has your research behind it and it is way more likely that it will actually be close to what it will happen if you know what you are doing in this market, unfortunately in this market we see way more examples of the former than the latter which is why some people have decided to ignore any form of speculation regardless of the procedure to obtain such a projection.

[AmoreJaz]

Speculation is a part of the process interms of investment. The idea of assuming that its market value would increase in the future is already speculating. Maybe OP means not speculating that much or not putting that much of attention checking its market value.

That's just okay as long as it's your vison as an investor but we cannot put a margin to those who are using a different method; short term investment. We do all have different perspectives but for sure we are all having one goal; to gain profit from doing so.

I understand that we can never be sure of everything, the reason why sometimes we end up with speculations. But for me, that’s still fine as long as we also make a thorough and educative research on that so that we’ll also rely on facts and not purely on speculations. Regardless if we have long term or short term investments, that’s our choice as long as we always go for good and established coins for investments.

There is a big difference between a random speculation and a speculation based on deep research about the markets, the former is completely arbitrary and we are making numbers out of thin air but the latter has your research behind it and it is way more likely that it will actually be close to what it will happen if you know what you are doing in this market, unfortunately in this market we see way more examples of the former than the latter which is why some people have decided to ignore any form of speculation regardless of the procedure to obtain such a projection.

if you speculate using deep research as what you called it (which may entails checking the updates with their developments, announcements from their socmed channels, and other hints coming from the team themselves), you can indeed make a valuable prediction that you can use in your trading techniques. but if you are just speculating out of thin air, then high likely that you will get rekt if in case you will try to use it in your trading.

[Pamadar]

Speculation is a part of the process interms of investment. The idea of assuming that its market value would increase in the future is already speculating. Maybe OP means not speculating that much or not putting that much of attention checking its market value.

That's just okay as long as it's your vison as an investor but we cannot put a margin to those who are using a different method; short term investment. We do all have different perspectives but for sure we are all having one goal; to gain profit from doing so.

I understand that we can never be sure of everything, the reason why sometimes we end up with speculations. But for me, that’s still fine as long as we also make a thorough and educative research on that so that we’ll also rely on facts and not purely on speculations. Regardless if we have long term or short term investments, that’s our choice as long as we always go for good and established coins for investments.

There is a big difference between a random speculation and a speculation based on deep research about the markets, the former is completely arbitrary and we are making numbers out of thin air but the latter has your research behind it and it is way more likely that it will actually be close to what it will happen if you know what you are doing in this market, unfortunately in this market we see way more examples of the former than the latter which is why some people have decided to ignore any form of speculation regardless of the procedure to obtain such a projection.

if you speculate using deep research as what you called it (which may entails checking the updates with their developments, announcements from their socmed channels, and other hints coming from the team themselves), you can indeed make a valuable prediction that you can use in your trading techniques. but if you are just speculating out of thin air, then high likely that you will get rekt if in case you will try to use it in your trading.

Thorough investigation with the project and also with the team who's handling the development is indeed a good basis
to entrust your investment.

But, if you are just relying on your prediction or position with the speculation of people around
the chance of wrecking yourself and losing your money is possible. I like the idea of buying and
holding till it reached your target selling position, whatever happen your chance of gaining profits
relies on how you trust your DYOR.

[Odusko]

Having your own analysis can be considered as a speculation so I think it’s very normal for a trader and investor to speculate the price no matter how good the coin is.

Yes Bitcoin will continue to rise in the long run but if you want to be more profitable, I suggest to continue speculate the price and know when is the best time to buy instead of relying to the news alone which I think is not a good mindset for an investor.

That is what many people failed to understand.  The cryptocurrency industry by its nature is purely speculative and there's no hoe you will be in the industry that you don't speculate in one way or the other. No one knows where the bottom will be, as a matter of fact we don't know what price bitcoin will be at on 15th November, 2022. The only way out is to continue to speculate. And people whose speculations are more accurate rules the industry.

So, it is high time we began to deal with speculation, FUD, FOMO etc because they are part of the cryptocurrency industry and they will remain with it as long as it exists.

I accept the fact that the entire cryptocurrency industry is speculative, but also it is more speculative to those who make it a short-term priority to predict the price and those that fall into that category.
1: passive traders, because they always base their entry on
    speculated Bitcoin price.
2: short term investors
But as a long-term Bitcoin holder, you will become less concerned with the short-term price but become more focused on Bitcoin's long-term value.

[RealMalatesta]

I accept the fact that the entire cryptocurrency industry is speculative, but also it is more speculative to those who make it a short-term priority to predict the price and those that fall into that category.
1: passive traders, because they always base their entry on
    speculated Bitcoin price.
2: short term investors
But as a long-term Bitcoin holder, you will become less concerned with the short-term price but become more focused on Bitcoin's long-term value.

Making it short term means that you are a trader and some traders are doing it as a job, so I understand them. It’s not easy and it's totally speculative but at the same time it’s a job, and every job has benefits and difficult parts, speculation is the difficulty for the trader but without it then it would have been too easy to make money and there is no such thing as easy money.

However, the benefits outweight the difficulties if you make money because in the end it's you, in your home, in your pajamas, in front of your PC and making money via a few trades each day. This is only possible if you are good at it of course and unfortunately not many people are.

[sukmo]

You will never make a profit because it is best to DYOR first and get sufficient knowledge and skills. for you to end up in reliable decisions that will make you profitable in the end.

Bitcoin will continue to rise in the long term but if you want to be more profitable I suggest to keep speculating the price and know when is the best time to buy rather than relying on news alone which I don't think is a good mindset for an investor.

and don't forget that there is a widespread perception that with a few "skills" you can do just that. These people tolerate the pressure of losing their money, because they believe they are making the right move.

[stomachgrowls]

Having your own analysis can be considered as a speculation so I think it’s very normal for a trader and investor to speculate the price no matter how good the coin is.

Yes Bitcoin will continue to rise in the long run but if you want to be more profitable, I suggest to continue speculate the price and know when is the best time to buy instead of relying to the news alone which I think is not a good mindset for an investor.

That is what many people failed to understand.  The cryptocurrency industry by its nature is purely speculative and there's no hoe you will be in the industry that you don't speculate in one way or the other. No one knows where the bottom will be, as a matter of fact we don't know what price bitcoin will be at on 15th November, 2022. The only way out is to continue to speculate. And people whose speculations are more accurate rules the industry.

So, it is high time we began to deal with speculation, FUD, FOMO etc because they are part of the cryptocurrency industry and they will remain with it as long as it exists.

I accept the fact that the entire cryptocurrency industry is speculative, but also it is more speculative to those who make it a short-term priority to predict the price and those that fall into that category.
1: passive traders, because they always base their entry on
    speculated Bitcoin price.
2: short term investors
But as a long-term Bitcoin holder, you will become less concerned with the short-term price but become more focused on Bitcoin's long-term value.

So it does simply tells us that there are different type of traders whom do deal up with the market on different manner but in overall essence and goals/targets in mind then it would
really be sticking out on the same motive which is to make profits or money.
Its true that we can be at peace with Bitcoin but doesnt mean that it would really be giving out assurance that it would really be positive in the future.
This is why there are really investors who do look for other alternative or options which they cant really just stick with Bitcoin.
They are really finding other opportunities which could possibly bring them some profits.