Why you should never try to time the market bottom

[Crypt0Gore]

The truth about crypto bottom will forever remain unknown, you still trust your Youtubers? Well do not be fooled as everything that you've been told are mere predictions, something that may never happen.

In the last bear market I tried to time the bottom and I remained a sitting hand until the bear market was over, I was expecting more downside but I was wrong, I end up missing out, do not let the same happen to you.

Start buying the dips and waiting for more downside is better than not buying anything now because of probably more downside. You won't see a reversal coming.

[1714578876]

1714578876

[Upgrade00]

If you're not a trader, trying to time the market is pointless and could eventually lead you to buying too late or selling too late.
DCA is one of the best ways to enter into a new investment. For one;

• You buy a different market periods and as such do not have to bother much about how expensive or cheap it is at a point in time,
• Also, you buy consistently and can easily plan your portfolio according to your salary or earnings, so you don't end up buyi g more than you can spare.

you still trust your Youtubers?

People ever trusted YouTubers?

[Awaklara]

the people who make analyzes and share them on youtube are the same as those who share signals on telegram channels. there is no difference, what they share are only predictions and no one will ever know the truth.
each trader can just set their buy orders at will. there is no compulsion to follow others. but what I recommend the most, buy Bitcoin when you want to buy and have money. when there is a dip, estimate the price well and don't be too grandiose to see it crash very hard. if the price doesn't reach you, don't be too panicked to change your plan immediately, just wait because a downward wave usually doesn't happen in one or two moves.

[nakamura12]

Many people will say that they don't trust YouTubers because it is not knowm by many people on how they came up with the idea that you jeard or know from them. You may say that they' have more experience than you which correct since they are already started trading before you found out about it. So, the scene I can think of is that you want to learn more which you would most likely to watch their streams but in the end, people like that also came from somewhere else where they also made mistakes but it didn't stop them. After all, mistakes are what made us experienced and also knowledgeable.

[The Cryptovator]

Crypto has no bottom and can never be predicted. That is a common mistake we make, we wait for more dips and fail to accumulate at low prices. I missed like this a lot. Most people become extremely worried when prices begin to fall and believe there will be further drops. When the price begins to recover, we end up buying. But when it became affordable, we simply waited. So, you should have your own accumulate zone where you can buy.

[cryptoaddictchie]

Finding bottom is a myth. Even the most experience trader can be fooled by a lot of factors. Yes thats how the market revolves and when you think its dip and it dipping more, like wtf this tragedy is.

Investors view are different since they could simply do dca even whatever price it is. Yes cause even them dont know when the market will fully appreciated in terms of market cycle.

[Mpamaegbu]

The scene that best captures a crypto bottom would be what we see when we look at the sea far off and think it's touching the sky. As a ship sails towards it, it opens up and one discovers that the sea isn't in anyway near the sky let alone touch it. As someone who newly got into trading that year, I was given to understand that there are oversold positions as well as overbought positions. Now I know there's nothing like that in reality. It's the same way we think the market has bottomed out only for it to continue to dip further. Crypto bottom is a mirage. It doesn't exist in the true sense of that word.

[CryptoHeadlineNews]

The truth about crypto bottom will forever remain unknown, you still trust your Youtubers? Well do not be fooled as everything that you've been told are mere predictions, something that may never happen.

Yes.. That's a nice piece of advise, and i totally agree with this very statement of yours, because YouTubers will always say what people wants to hear, in other to get views to earn a penny from AdSense, which is why one should never rely on them alone without Doing Your Own Research. And secondly, when it comes to the market, it has no constants bottom, as it's bottom is with respect to time frame.

[Anguwa]

The truth about crypto bottom will forever remain unknown, you still trust your Youtubers? Well do not be fooled as everything that you've been told are mere predictions, something that may never happen.

In the last bear market I tried to time the bottom and I remained a sitting hand until the bear market was over, I was expecting more downside but I was wrong, I end up missing out, do not let the same happen to you.

Start buying the dips and waiting for more downside is better than not buying anything now because of probably more downside. You won't see a reversal coming.

I considered this as well. Many people who provide analysis on the bear market are simply making predictions based on some facts, which I feel may be incorrect or may not occur. I am also thinking that those predictions they provide about the bear market also contribute to the bear market because the market will continue to decline as a result of the news provided by the Youtubers.

[Viscore]

Crypto has no bottom and can never be predicted. That is a common mistake we make, we wait for more dips and fail to accumulate at low prices. I missed like this a lot. Most people become extremely worried when prices begin to fall and believe there will be further drops. When the price begins to recover, we end up buying. But when it became affordable, we simply waited. So, you should have your own accumulate zone where you can buy.

I think a lot of investors have fallen on this part. We always create our own predictions as to what is the best price to buy, but in reality as soon as the bear season enters the market, that’s the perfect time to buy and accumulate potential coins. No need to wait for another downturn, just do DCA if you want so you won’t miss every chance to buy bitcoin or any other potential coin.

[CryptocurencyKing]

Waiting on the market to dip or hit the bottom is one way to invite procrastination into your trading pattern. It just won't work out good and as such, one has got to buy when ever you've got the funds to other than waiting on the market to dip. You define your own dip and buy with what you've got. A few Sat's is not so small when accumulated. That's how you increase your portfolio, buying all at a go isn't always easy.

After buying, you've just got to be disciplined enough to forget about looking at the market for prices and be ready to hold for a long time.

[Despairo]

This is why I always suggest to start DCA-ing Bitcoin during bear market since there's no chance anyone can guess the bottom and dump all of our money at that time, pretty sure you will keep waiting and you're not want to buy it when the price didn't declining. If this happen, you only bought small portion of Bitcoin and you wouldn't get much return, moreover most of your funds are fiat that the value will decrease every year.

[mk4]

People ever trusted YouTubers?

There's a reason why these YouTubers have a huge amount of following[1] and that a lot of the "promoted" coins/tokens has the typical _/\_ chart formation.


[1] The utter dogshit YouTuber that is BitBoy has 1.45M subscribers

[tech30338]

The truth about crypto bottom will forever remain unknown, you still trust your Youtubers? Well do not be fooled as everything that you've been told are mere predictions, something that may never happen.

In the last bear market I tried to time the bottom and I remained a sitting hand until the bear market was over, I was expecting more downside but I was wrong, I end up missing out, do not let the same happen to you.

Start buying the dips and waiting for more downside is better than not buying anything now because of probably more downside. You won't see a reversal coming.

It depends on how you approach the market , some called it Long term traders/Holders and Short term traders/Holders, where the long term holders buy every time the market crashes they don't care sometimes regarding the value especially with bitcoin and Ethereum they just hold it as long as they want.
While the short term holders/traders, are just there to gain small profit, while trading small profit and they sold, repeat the process
when it comes to timing when to jump, there is no 100% accuracy sometimes luck, so if you are not sure of what you are doing, or you will invest and those money is for school or family I suggest you think twice cryptocurrency will make you cry, if you are not prepare,

[Charles-Tim]

I considered this as well. Many people who provide analysis on the bear market are simply making predictions based on some facts, which I feel may be incorrect or may not occur. I am also thinking that those predictions they provide about the bear market also contribute to the bear market because the market will continue to decline as a result of the news provided by the Youtubers.

When it comes to prediction, anyone can be wrong in short term, but after a significant long term great fall of the bitcoin, bull run will follow. Who is patient can know when to accumulate bitcoin, and also not to wait until the market price of bitcoin has already increased. Some people started to buy since bitcoin got to $20000 and still buying specific amount till now which helps them keep the price they bought bitcoin in average at somewhat a lower price below $20000. A good investor should not believe in those prediction, but to have a good investment strategy. Some even predicted bitcoin is going to $100000 in 2022, but not come true.

[Crypt0Gore]

People ever trusted YouTubers?

There's a reason why these YouTubers have a huge amount of following[1] and that a lot of the "promoted" coins/tokens has the typical _/\_ chart formation.


[1] The utter dogshit YouTuber that is BitBoy has 1.45M subscribers

Exactly, I used to follow BitBoy on Youtube in the last bull market, he shill about a Doge named project and the truth is I invested in the project, few weeks later I noticed he is not saying anything about the project anymore and so many whales are selling, that's when I sold my bag and days later the project went to almost zero.

My profit was over 30,000$ using just 1200$ but I was able to secured 20,000$, I got something pheeew! But if I held on the token based on how BitBoy shilled it I would have lose it all.

YouTubers can't be trusted.

[Aanuoluwatofunmi]

The truth about crypto bottom will forever remain unknown, you still trust your Youtubers? Well do not be fooled as everything that you've been told are mere predictions, something that may never happen.

Even though they make those assumptions to an extent how have we been able to ascertain those facts with our ow research to know if they are possible or not, cryptocurrency is not a thing of what people say, it's all about what you've learnt and how far you've been convinced through your learning in relation to what you have also perceived coming about crypto market base on your research.

Start buying the dips and waiting for more downside is better than not buying anything now because of probably more downside. You won't see a reversal coming.

For those that have studied the trend to a very good extent should know that we are already in the dip, buying now is the best option and decisions for any investor, and all that has to be done is to relate and compare bitcoin market price this time last year to go what it is now, and when you buy then you hold.

[traderethereum]

I don't trust any Youtuber and prefer to analyze it by myself because I don't know whether their information is valid or if it's just to attract people to follow that Youtuber.
In this bear market, it is very difficult to analyze market conditions and if we just follow the Youtuber's advice without doing research, I'm afraid we can get a loss.
We should analyze ourselves. Even if we are wrong in analyzing, it will provide an experience we can use for introspection to be even better at analyzing.
If we try to buy bitcoins on every dip, we have to manage how much money we use and don't use an all-in strategy because it is not recommended.

[hatshepsut93]

People don't realize that bear markets tend to end very abruptly, a bull run comes out of nowhere and before you blink, the price went up by 50%. Good investors don't make some 200 IQ trades with maximized profits, they simply make profitable trades consistently. And it's also important to sell in the bull market, because otherwise you will have to wait for a long time till the next cycle if you'll want a good opportunity to sell. People who wait for absolute bottom or absolute top miss a ton of opportunities for making profitable trades.

[mk4]

YouTubers can't be trusted.

With most, yes — but not all. Lots and lots of great content on YouTube; you just have to find the needle in the haystack. It's mostly the YouTubers that do interviews than those sort of "coin reviews" who put out good content.