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Author Topic: Opportunity to buy  (Read 919 times)
Uruhara
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June 03, 2023, 01:14:22 PM
 #81

Indeed, moreober when we are doing DCA in Bitcoin, everytime there is market correctiom, that is a great time to do DCA. This strategy can help us to add the accumulation of oir Bitcoin amount much worthier. Yeaj, because I am aware that I have not really much to invest in Bitcoin. So, doing DCA will be exactly worthy to do. Moreover with limited capital. It's always okay.
I am also quite consistent in doing DCA. Even though it's only with small scale purchases, when there is a correction in the market, that's when I get more excited and add to my purchases. I haven't invested much in bitcoin yet but I have a plan to keep increasing the amount as long as the market doesn't pass the 30k mark. and it's still circling in the current area.

But if it exceeds 30k, what will you do? And why don't you invest a lot in bitcoin while its price is still very low? Are you waiting for a bigger drop to buy? In my opinion, DCA is the right thing, but at this price is also the right time to buy it. If our target is the next bull season and we will only sell when bitcoin hits $100k, then this is the golden time to buy instead of waiting.
I intend to invest in a large amount of bitcoin. but I don't want to buy a large amount at once. I prefer to make consistent small purchases with the DCA strategy. So that my investment will continue to grow and get bigger every time I run my DCA.

I have 2 investments in Bitcoin. 1 for long term which exceeds 10 years and is part of my plan to have financial freedom in the future (for this one investment I will stay DCA even when bitcoin exceeds 30k).

and 1 other investment in Bitcoin which is also for long term. it's just that this one investment might be targeted for sale when the price exceeds the current ATH. or when bitcoin creates a new ATH (for this one my DCA will stop when the price exceeds 30k). I was also inspired by someone in this forum who also did something like this. I don't remember what the username is. but well I am motivated and trying to do the same. because I think it's pretty reasonable to me.

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June 03, 2023, 03:45:31 PM
 #82

Gold is only suitable assets for the long term.The cryptocurrency are suitable one for long and short term investment.

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment.  No investment is short term, if any, then you are gambling, not investing. bitcoin or gold is no different, both will be profitable in the long run. if you are trading bitcoin and using leverage to make a profit in a short time, that is also gambling.

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June 03, 2023, 04:18:57 PM
 #83

This is a great deal of opportunity when the price of bitcoin keeps going down, I want you to seized the opportunity to buy and hip. We have no ideas what is currently happening to the market but all hope are not lost, bitcoin will take us for a surprise and I don't want to miss the chance or feel regrets not obtaining any amount of bitcoin. Even as bad as the price is, some people are still making cool money out of it, that's mean we never loss investment when you really understands the value of bitcoin. I know some will kick against my tips but what's your reasons?

I'm accumulating Bitcoin buying probably every 2 weeks when I get my salary since that's the only time I have enough money that I can buy Bitcoin, I'm starting to accumulate Bitcoin again when I sold my Bitcoin last bullrun I didn't think it was a bad decision since I earn a big amount of profit on it plus other altcoins, For sure it is always a good time to buy when the market price is down to compare when the market price of bitcoin is increasing because the amount of bitcoin you will get will decrease.

What I do is increase my buying when the market price continues to drop and then decrease my buying or keep it the same when the market price keeps on increasing, Using this strategy I can increase the profit I earn in the future instead of just buying the same amount of bitcoin randomly every month or week. But the most important part is to keep on holding until the right time to sell for profit. You could also just hold for a long time if you prefer but in my opinion, you should always take profit instead of being greedy waiting for the higher price after years and years.

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June 03, 2023, 09:42:40 PM
 #84

Gold is only suitable assets for the long term.The cryptocurrency are suitable one for long and short term investment.

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment. 
Actually it is okay to consider Crypto as a short term investment, as long as they know the right ways and startegy tobalways take profits and avoid losses although the market can change very easily. Buy, I do agree that Bitcoin for long term is exactly very worthy, morroever if we have many Bitcoin to holdm

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June 03, 2023, 11:25:41 PM
 #85

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment. 
Actually it is okay to consider Crypto as a short term investment, as long as they know the right ways and startegy tobalways take profits and avoid losses although the market can change very easily. Buy, I do agree that Bitcoin for long term is exactly very worthy, morroever if we have many Bitcoin to holdm
Having a lot of bitcoins to hold for the long term it will be very feasible, no one will doubt it as long as you hold Bitcoin as the main investment.
But if holding Altcoin and it continues to fall it will be a considerable risk to lose.
But if the top Altcoin is likely it will still recover after Bitcoin is bullish or the crypto market is bullish.

Long-term or short-term investment is equally good and also depends on how the strategy will be applied.
There is no need to panic to cut losses because it will clearly give losses, unless you really understand what you are doing.

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June 03, 2023, 11:52:29 PM
 #86

Gold is only suitable assets for the long term.The cryptocurrency are suitable one for long and short term investment.

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment.  No investment is short term, if any, then you are gambling, not investing. bitcoin or gold is no different, both will be profitable in the long run. if you are trading bitcoin and using leverage to make a profit in a short time, that is also gambling.
I agree with you. Just as the provability of profit is high in investing in Bitcoin, so there is a fear of loss. When an investor takes a decision to invest in the short term, he can fall in risk. However, long-term investment planning is very effective. Those who have been accumulating Bitcoins for a long time will benefit from Bitcoins after a certain period of time. An investor must focus on long term holdings. After investing in Bitcoin, the investor must avoid hearing all kinds of negative news or else he will fail for long term holding.
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June 04, 2023, 01:16:44 AM
 #87

Gold is only suitable assets for the long term.The cryptocurrency are suitable one for long and short term investment.

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment. 
Actually it is okay to consider Crypto as a short term investment, as long as they know the right ways and startegy tobalways take profits and avoid losses although the market can change very easily. Buy, I do agree that Bitcoin for long term is exactly very worthy, morroever if we have many Bitcoin to holdm

As long as you still know the risk and also always invest what you can afford to lose but again it is really proven that bitcoin in the long run is profitable but if you are not patient then holding is not good for you because it requires few years to profit and again the profit is huge mostly because of the ATH that is why a lot of people are holding Bitcoin
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June 04, 2023, 02:56:24 AM
 #88

. I know some will kick against my tips but what's your reasons?

No one will go against your advice because what you say is absolutely true, but what I suspect is that many people won't do what they agree with you on. Many people are expecting a bull market this year, which shows they don't want to buy more or accumulate more bitcoin. So I don't believe they will continue to buy when the price drops further.
I have the same opinion as you and I also think that many people will disagree with my thinking. But as a long-term investor and will only sell my bitcoin when it hits $100k or more, I don't expect a bull market any time soon.
Expecting Bull market in 2023 is something that happens with new crypto beginners, and yes it will get to the point where they will lose their confidence in accumulating Bitcoin because of the instability value, but for someone who have been into crypto for the past eight years now they know that even when dips are happening that's the biggest discount price that could happen, a year to Bitcoin halving for that matter, so it's stupid to stop accumulating.

The bull run is coming but this bear market can make it through 2024 too, some people believe that once the halving takes place the value will start increasing instantly, but two halving events have proven that wrong in the past.

If you have no patience you will make costly mistakes, in 2018, many people that started accumulating in the bear market and they gave up in the pandemic period, because they got tired of holding, the same thing can happen, how determined you are is what will make you a winner.
You were right, not only were they wrong in expecting the bull season to come this year, but many were wrong in thinking that the bull season would come immediately upon the halving. I think history will repeat itself, I mean, a lot of people held until 2020 and started dumping because the bull season didn't come as they expected, they sold it all right before the bull season came. For those expecting bitcoin to increase in price in Q2 2024 immediately, chances are the same will happen again.

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June 04, 2023, 03:24:59 AM
 #89

You were right, not only were they wrong in expecting the bull season to come this year, but many were wrong in thinking that the bull season would come immediately upon the halving. I think history will repeat itself, I mean, a lot of people held until 2020 and started dumping because the bull season didn't come as they expected, they sold it all right before the bull season came. For those expecting bitcoin to increase in price in Q2 2024 immediately, chances are the same will happen again.


Periodically, of course, many believe that Bitcoin will reach a new high price. Although the current period of the world economy is in a difficult time. Global recession, macroeconomic developments make investors think more observantly to return to investment. I think it's never too late to buy Bitcoin at the moment. Bitcoin is still a commodity asset with the best investment returns for those who can afford to take advantage of price instability. But for the long term, I think Bitcoin will continue to grow, those who are able to hold it in the long run will certainly benefit.

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June 04, 2023, 03:31:12 AM
 #90

bitcoin or gold is no different, both will be profitable in the long run.
It is evident that Bitcoin exhibits a volatile nature, my young friend. No one can accurately predict the price movements of Bitcoin in the coming hours, as surprises may emerge with significant possibilities.

When we compare Gold to Bitcoin, the first thing that comes to my mind is the difference in risk between these two assets. Bitcoin carries high risk, but with that high risk, investors have the opportunity to attain greater returns on investment.

On the other hand, Gold tends to be stable and has long been renowned as an inflation-resistant asset, surpassing FIAT currencies. Bitcoin and Gold are undoubtedly distinct, and it all depends on the perspective from which you view these two assets.
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June 04, 2023, 05:33:04 AM
 #91

Gold is only suitable assets for the long term.The cryptocurrency are suitable one for long and short term investment.

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment. 
Actually it is okay to consider Crypto as a short term investment, as long as they know the right ways and startegy tobalways take profits and avoid losses although the market can change very easily. Buy, I do agree that Bitcoin for long term is exactly very worthy, morroever if we have many Bitcoin to holdm
Strictly speaking, all investments and assets can be used short term and long term, it depends on each investor's strategy. We can also trade short-term with gold and still be profitable, but the problem is that we need large capital because gold is less volatile. In contrast, cryptocurrencies are too volatile and no different from get-rich-quick tools, but they carry many risks. Therefore, it will be easier to make short-term investments in cryptocurrencies, but the risk will also be higher.
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June 04, 2023, 01:19:13 PM
 #92

Gold is only suitable assets for the long term.The cryptocurrency are suitable one for long and short term investment.

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment. 
Actually it is okay to consider Crypto as a short term investment, as long as they know the right ways and startegy tobalways take profits and avoid losses although the market can change very easily. Buy, I do agree that Bitcoin for long term is exactly very worthy, morroever if we have many Bitcoin to holdm

If you are methodical and know how to trade or speculate, gold or any other volatile asset can be used to generate profits in the short term, not just cryptocurrencies.  as for bitcoin, have you seen someone use bitcoin for short term investment and get rich? i haven't seen anyone do that yet, most of the people who got rich on bitcoin are people who have invested in bitcoin for a long time. bitcoin is suitable as a long-term investment, and it is not a get rich quick path.

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June 04, 2023, 01:46:13 PM
 #93

Gold is only suitable assets for the long term.The cryptocurrency are suitable one for long and short term investment.

If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment.  No investment is short term, if any, then you are gambling, not investing. bitcoin or gold is no different, both will be profitable in the long run. if you are trading bitcoin and using leverage to make a profit in a short time, that is also gambling.

We can also say that investing is also a sort of gamble because of its risks and volatility which makes it more unpredictable and there are the profits that are also not guaranteed.

But I agree with you, I mean it's not ideally wrong to think about gold as a long term investment because that has been tested throughout the history already but often times, I look investing towards gold is just making things as safe as possible unlike bitcoin and other cryptocurrencies which can bring you more profits whether for short term or long term purposes.

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June 04, 2023, 02:11:51 PM
 #94

This is a great deal of opportunity when the price of bitcoin keeps going down, I want you to seized the opportunity to buy and hip. We have no ideas what is currently happening to the market but all hope are not lost, bitcoin will take us for a surprise and I don't want to miss the chance or feel regrets not obtaining any amount of bitcoin. Even as bad as the price is, some people are still making cool money out of it, that's mean we never loss investment when you really understands the value of bitcoin. I know some will kick against my tips but what's your reasons?
What we normally observe in the market is that people are reluctant to buy when the price is falling because they believe the currency will fall back to zero. However, the truth is that the price should have to fall in order to get enough liquidity or letting others to buy before the price goes up with the EOF. Some people were scared because of previous experiences, but they must remember that Bitcoin is different among other coins. Bitcoin has the lowest risk, and you can be confident that the sooner you invest, the greater your return will be.
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June 04, 2023, 02:15:48 PM
 #95

This is a great deal of opportunity when the price of bitcoin keeps going down, I want you to seized the opportunity to buy and hip.

Most of the investors have done it from the beginning of yesterday's correction, they continue to use the market conditions that are down to buy it, and we as holders and small investors also follow them to continue to buy at this time, and we plan to hold it for a long time. , and maybe some of us did DCA on Bitcoin, to be honest we are more sympathetic to Bitcoin Investment Assets.

Regarding sales, maybe most people who want to circulate their money will wait for the price to increase slightly to sell it, but we prefer to keep it for a long time, considering that maybe soon there will be a market price change, maybe we hope this is something good, because so far it's been a long time we've been under too. and if you want to follow, you should wait a little longer to make sales.
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June 04, 2023, 02:42:50 PM
 #96

This is a great opportunity for you to buy something when the price of Bitcoin starts to fall. Because when we lose all hope Bitcoin makes a surprise comeback. At one time the price of a bitcoin was around 70 thousand dollars it is now coming down to 26/27 thousand dollars so I think you can buy bitcoins now. So I would advise you to proceed with caution in bitcoin.

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June 04, 2023, 03:01:50 PM
 #97

This is a great deal of opportunity when the price of bitcoin keeps going down,

Based on this chart of bitcoin price, during the last month bitcoin's price trend has been down and its volatility is difficult to be predicted. At this moment, i can not fully sure with your suggestion to buy bitcoin except you are experienced bitcoin trader and calm enough to do not panic selling, so doing short trading is a good enough way.

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June 04, 2023, 03:09:35 PM
 #98

Periodically, of course, many believe that Bitcoin will reach a new high price. Although the current period of the world economy is in a difficult time. Global recession, macroeconomic developments make investors think more observantly to return to investment. I think it's never too late to buy Bitcoin at the moment. Bitcoin is still a commodity asset with the best investment returns for those who can afford to take advantage of price instability. But for the long term, I think Bitcoin will continue to grow, those who are able to hold it in the long run will certainly benefit.
The current price of bitcoin is quite good to buy, if it is a long-term trade, then you will most likely be able to make a good profit. How and when to buy is everyone's business, I know that there are those who are still waiting for a new bottom, and they may even turn out to be right, but it can also be the opposite result and they will have to buy bitcoin when it reaches the price of 30k or 40k.

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June 04, 2023, 03:19:11 PM
 #99

This is a great deal of opportunity when the price of bitcoin keeps going down, I want you to seized the opportunity to buy and hip.

Most of the investors have done it from the beginning of yesterday's correction, they continue to use the market conditions that are down to buy it, and we as holders and small investors also follow them to continue to buy at this time, and we plan to hold it for a long time. , and maybe some of us did DCA on Bitcoin, to be honest we are more sympathetic to Bitcoin Investment Assets.

Regarding sales, maybe most people who want to circulate their money will wait for the price to increase slightly to sell it, but we prefer to keep it for a long time, considering that maybe soon there will be a market price change, maybe we hope this is something good, because so far it's been a long time we've been under too. and if you want to follow, you should wait a little longer to make sales.
the current market momentum is to buy, and all the investors who see this opportunity are going for as many Bitcoins as they can get their hands on. for those constrained by capital, the choice is to hold back as much as possible. selling it for a small increase would be unprofitable. especially if they do DCA from some previous decline state. the planning used should use a better time frame.



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Rainbot
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June 04, 2023, 03:22:30 PM
 #100

When you enter the cryptocurrency business and your mind is long-term, of course there is nothing better than bitcoin because it has been tested to be honest. If you're going short term, maybe it's better if you buy other top altcoins or it's up to you what you want to do with it.

If I had a lot of money I would always buy bitcoin and really only do long-term holdings for it, and I would also buy other potential altcoins such as Matic, Arb, Bnb, Ethereum and others such as Shib, Lhinu , aidoge, Pepe and Ada.



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[15.00000000 BTC]


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Rainbot
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