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carlfebz2
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December 02, 2022, 09:23:38 PM
 #121

~snip~ unless you are someone who likes high risk, you can make a loan to the bank and then buy bitcoin at the current price. ~snip~
I wouldn't suggest that to anyone, even if he's a person who dares to take high risks.
When dealing with loans, you have a time limit to repay it. If the time's up and you still haven't made a profit, then you're done. It would be better if you buy bitcoins with the money you have, regardless of the amount. If you don't have money, don't be a fool.
Investing in bitcoin regardless of its price should never be made through taking a loan. There is high risk investing in bitcoin alone, so it will only increase the risk more by borrowing some money you can’t afford to lose. That is why never invest when the price is high but always start investing when the market is deeply bearish since the prices are in bargain. And remember to buy bitcoin on your own extra money that you can bear to lose.
Any investment which funds being used are loaned ones then it is really that risky move or thing to be done specially here on cryptospace which profitability is always been not been sure of.If you do rely on repaying

your loans on your crypto investment then better not to think this option because you would be fucked up.In the things been mentioned up in OP which this is really that a sarcasm kind of approach.  Grin

This do usually happens which people do bother on entering or buying when market is on bearish mode and do only buy when the prices are already on the peak
which is totally absurd or doesnt really have any sense.
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December 03, 2022, 03:36:57 PM
 #122

This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.
Yes, that's right, sometimes we need experience to make us realize that what we are doing is wrong, especially in bitcoin. When bitcoin reaches ATH, people flock to make purchases even though that is actually the time to make a profit. But when bitcoin reaches its lowest price, people are reluctant to buy on the pretext of waiting until the price is really at its lowest point.
An inverted mindset that will plunge us into a loss hole. Indeed, as long as our money is in the form of bitcoins, it cannot be said to be completely a loss, but we need a longer time to wait for the market to recover.

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CryptSafe
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December 03, 2022, 05:23:10 PM
Merited by fillippone (2)
 #123

I believe this has to do with the human mindset, reasoning and ideology. Not all people see things the same way. Some might see the good in the bad while some would see the bad in the good and it all boils down to the same lane and their perspective of how they see things. Looking at this, one would know that normal human being should be able to go for the less expensive and get possession of it while waiting and growing with it but in the other hand, there are some that are ready to go for the much expensive one which has already pumped without much stronger value and at the entire end they lose all their investment as it was a pump and dump. This is the normal ideology of average human. Nobody wants to build but wants already built so they could take possession of it. This is why scammers always get their ways in achieving their goals.

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len01
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December 03, 2022, 08:48:17 PM
 #124

This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.
Yes, that's right, sometimes we need experience to make us realize that what we are doing is wrong, especially in bitcoin. When bitcoin reaches ATH, people flock to make purchases even though that is actually the time to make a profit. But when bitcoin reaches its lowest price, people are reluctant to buy on the pretext of waiting until the price is really at its lowest point.
An inverted mindset that will plunge us into a loss hole. Indeed, as long as our money is in the form of bitcoins, it cannot be said to be completely a loss, but we need a longer time to wait for the market to recover.
because it has all become a human mindset and habit when given cheap ones don't want to buy and when the price gets expensive they flock to buy without knowing it is the season of the bitcoin party reaching ATH and the opportunity to sell.

sometimes people who want to buy bitcoin always think of the lowest price without seeing what the price of bitcoin was before and what percentage the price has fallen. if someone is smart and knows the history of investing in bitcoin, when the price is like this for sure it will be much better to buy than waiting for a pointless low price

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