Nwada001
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June 13, 2023, 12:43:00 PM |
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Current price position is around $25800 and I think is the ideal time to buy, according to many analysts the price will skyrocket again at the end of the year because people will prepare for the halving day which makes a surge in demand and of course makes the price easy to rise.
exactly, but let us not just use the analysis of others to make our investment decisions; it might mislead us sometimes, and overconfidence actually leads to disappointment most times. We should always do our own research too and proceed with caution. With the current price, it's a pretty good time to enter the market. The price might even go below this again; we never know. So just buying a little amount and adding to my current holdings will not be a bad idea at all. If the price actually skyrockets as predicted, we will all rejoice, but if it still goes below, we will just have to continue waiting for the right time to sell.
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Wong Gendheng
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June 13, 2023, 02:26:28 PM |
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Seeing the current market conditions, in my opinion buying more is a good option, the best strategy is to buy when it's cheap and sell when the price is high, now the price is dip and I'm sure the end of the year the price can reach at least 2x from the current price or can touch at least $ 50k .
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YUriy1991
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June 13, 2023, 02:31:10 PM |
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exactly, but let us not just use the analysis of others to make our investment decisions; it might mislead us sometimes, and overconfidence actually leads to disappointment most times. We should always do our own research too and proceed with caution. With the current price, it's a pretty good time to enter the market. The price might even go below this again; we never know. So just buying a little amount and adding to my current holdings will not be a bad idea at all. If the price actually skyrockets as predicted, we will all rejoice, but if it still goes below, we will just have to continue waiting for the right time to sell.
From the point of view of Emotional Intelligence and Decision Making Skills, good investors have the ability to manage their emotions effectively, avoiding impulsive decisions driven by fear or greed. They understand the importance of making rational decisions based on thorough analysis and long-term investment goals, rather than giving in to short-term market sentiments. Current price position is around $25800 and I think is the ideal time to buy, according to many analysts the price will skyrocket again at the end of the year because people will prepare for the halving day which makes a surge in demand and of course makes the price easy to rise.
On the other hand, Timing plays an important role in a successful investment, including Bitcoin. A good investor has a solid understanding of market cycles and the ability to analyze market trends and indicators. They consider factors such as technical analysis, fundamental analysis and market sentiment to make decisions. Timing the market properly can lead to big profits, as entering or exiting a position at the right time can maximize profits. Therefore, being able to assess market conditions and identify potential entry and exit points is an important skill for a good Bitcoin investor. But don't forget this either. if we notice For now even with extensive knowledge and experience, unexpected events, market handling, regulatory changes, or technological advances can have a significant impact on the performance of Bitcoin. An investor who understands very well that there are factors beyond their control and and it looks like The current market sentiment suggests a strong probability of 93.1% that the Federal Reserve will refrain from raising interest rates during tomorrow's meeting.
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TheGreatPython
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June 13, 2023, 02:31:25 PM |
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With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?
It's hard to predict the floor price before the start of the bull run but since we are one year away from the next halving my strategy is to accumulate not in one buy but through intervals whenever there is a dip, I buy a small amount when there is a dip and prepare for the next dip, I have my spreadsheet to check if I've gained or lost when there is a dip or a pump. This year is different because we are a year away from the halving so our mindset is all about accumulation but of course, you still have to implement the concept of buying low and selling high because pump and dip will still happen along the way while we are heading to the next halving. The method that you are following, where you buy a small amount after every interval of the market dipping, is called DCA, and I believe that is the best strategy to follow in times like these where there is absolutely no certainty if where the price will move next and buying at once might be costly because the market can dip any time and if you have already bought and market dips, you will regret your decision for sure. That is why the best thing to do for this market is to keep holding the already bought assets and keep accumulating if you have funds at different dipping intervals until you have exhausted your remaining capital and then just wait for the market to recover.
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pooya87
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June 13, 2023, 02:39:03 PM |
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We have been seeing the uncertainty that I talked about in the first page of this topic a week ago. It has taken a toll on the price and has pushed it down a little and even though $25k is still holding the uncertainty translates into less purchases (less buy orders) that leaves the bears open to push the price down like this.
DCA and HODL are the best approaches still...
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CageMabok
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June 13, 2023, 03:05:48 PM |
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Seeing the current market conditions, in my opinion buying more is a good option, the best strategy is to buy when it's cheap and sell when the price is high, now the price is dip and I'm sure the end of the year the price can reach at least 2x from the current price or can touch at least $ 50k .
Have you used this strategy yourself so far? because there are also some people who only like to talk about strategies for other people while they have never carried out any strategy in terms of buying. I won't respond to the price you said, even though it's still uncertain, but it is possible that it could happen if economic conditions and the crypto space get better without being hampered by any problems. Indeed, price reductions are a very good thing to take advantage of, but everyone also has to have greater patience after buying because those who have bought directly, of course, always expect that increases can occur more quickly in the market.
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uswa56
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June 13, 2023, 03:13:41 PM |
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If we have the principle of profit then the best thing is to buy when it is dip and hold, many investors are successful and rich because they can be patient, but vice versa for a loser he will immediately sell when he gets a small profit, even when the price drops significantly then they immediately sell for fear that the market will not be able to rise again.
being patient is the most important thing in my opinion, we will not know when the price is the lowest point, sometimes we have tried to buy the price is experiencing a decline but when we have bought the price is decreasing so therefore if you want to take profits you have to be patient. however, we also have to know the type of coin and the possibilities for the future when we hold it, if it's a coin with a lot of interest or high volume then holding is the best thing. As in June, the market price is undergoing a correction, at a time like this I think buying the top coins and holding them for a long time will make it possible to get big profits.
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SaveOurSea
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June 13, 2023, 04:06:42 PM |
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If we have the principle of profit then the best thing is to buy when it is dip and hold, many investors are successful and rich because they can be patient, but vice versa for a loser he will immediately sell when he gets a small profit, even when the price drops significantly then they immediately sell for fear that the market will not be able to rise again.
Hold does not always end in profit because the price of crypto currency cannot be certain, even though you have done TA but the crypto market will change direction if that happens, look at this time even though 2024 will be bullish but prices will still be bearish including altcoins.
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Vinaa77
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June 13, 2023, 04:10:50 PM |
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If we have the principle of profit then the best thing is to buy when it is dip and hold, many investors are successful and rich because they can be patient, but vice versa for a loser he will immediately sell when he gets a small profit, even when the price drops significantly then they immediately sell for fear that the market will not be able to rise again.
Most of them buy during the Dip and some are still Hold in the current conditions, but what we do now we prefer to buy during the Dip situation, and to be honest we use the DCA technique in this case, Big investors I think they prefer to pile on today and starting from the price that was corrected yesterday in the market, and this also depends on the principles of an investor.
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$crypto$
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June 13, 2023, 04:33:07 PM |
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If we have the principle of profit then the best thing is to buy when it is dip and hold, many investors are successful and rich because they can be patient, but vice versa for a loser he will immediately sell when he gets a small profit, even when the price drops significantly then they immediately sell for fear that the market will not be able to rise again.
Most of them buy during the Dip and some are still Hold in the current conditions, but what we do now we prefer to buy during the Dip situation, and to be honest we use the DCA technique in this case, Big investors I think they prefer to pile on today and starting from the price that was corrected yesterday in the market, and this also depends on the principles of an investor. The DCA technique is indeed the simplest that we need to do is to buy every money we have, by wanting to buy directly for those who have prepared large funds for a buy dip, but the DCA technique is the easiest, with only $20/week it is more than enough as long as can be for the long term then it is the best way of investment. I think many investors are taking advantage of the market situation being attacked by FUD where the best moment is for them to buy with those they want and then hold for the long term, some of them increase their portfolio when it is corrected.
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imamusma
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June 13, 2023, 04:45:21 PM |
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The problem is that when you are a rich person you can afford to wait, when you are a poor person it is harder to wait. The trouble is that if you have millions of dollars, blocking a million in bitcoin won't hurt you, but when I put all my savings into bitcoin, I fear what's going to happen. The basic principle is, don't invest all your money in anything if you don't have a reserve budget. This budget is intended to avoid failure in your investment plan, especially when you experience sudden financial constraints. So even though we have a high interest in investing, having a reserve budget must also be considered. Whales also have this kind of planning even though they have invested a large amount of money in bitcoins. They have sufficient reserves for other needs, so they are still safe with their investment plan. We can adopt that advice for an investment plan and it will be very useful. Thankfully I do not sell and run, because I learned to be better than that but it took me time to be like this, I am lucky that I have invested into bitcoin early, and learned more about it, newbies don't have that chance. You are lucky about time, but maybe not so about how much you have made. Perhaps some of the people who came into bitcoin after 2017 are far better able to understand bitcoin and its market than those who have been here since 2015, so there is no set standard by which to judge who is more successful. Everyone can be like that, including newbies.
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Paul Pogba
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June 14, 2023, 06:19:29 AM |
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Both of which are things we have to do, hold and continue to buy when the price is dipping like it is now, it is undeniable that the price of bitcoin will continue to rise because the number of users and transaction volume continues to increase, moreover that soon there will be a halving day which makes the price will rise.
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mich
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June 14, 2023, 06:20:08 AM |
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When it comes to knowing when to buy or when to hodl, it is my opinion that there is not any certain answer to this question. I have been very wrong so much for my price predictions so now I am just going to hold on and see where this market goes.
My experience with buying and holding is that for the most part of this it is luck. We make these decisions mostly on speculation of what the price will do. There is too many times I did buy the dip and then had big regrets when it dipped down more.
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SaveOurSea
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June 14, 2023, 09:00:18 AM |
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Both of which are things we have to do, hold and continue to buy when the price is dipping like it is now, it is undeniable that the price of bitcoin will continue to rise because the number of users and transaction volume continues to increase, moreover that soon there will be a halving day which makes the price will rise.
Just be patient if you want to hold altcoins and get more profit you have to be patient, soon we will enter the bullish season, because we have been in a bear market for 2 years, surely cycle cycle transition always occur in the crypto market and don't look away from the altcoins that we hold,
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Questat
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June 14, 2023, 12:04:16 PM |
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Both of which are things we have to do, hold and continue to buy when the price is dipping like it is now, it is undeniable that the price of bitcoin will continue to rise because the number of users and transaction volume continues to increase, moreover that soon there will be a halving day which makes the price will rise.
Just be patient if you want to hold altcoins and get more profit you have to be patient, soon we will enter the bullish season, because we have been in a bear market for 2 years, surely cycle cycle transition always occur in the crypto market and don't look away from the altcoins that we hold, Just be sure that we are holding altcoins that are definitely profitable, not those cheap coins. However, I don't just suggest keeping only altcoins but also Bitcoin. And that is right, we need to extend our patience it was necessary and one way to earn more is by selling our coins at the right time (bull run). And this is only possible if we are able to wait for it but I don't think it was easy and simple if we don't have uncertainties in mind. This is the reason why we should know how to combat our fair and must increase the level of trust towards the market.
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Ojima-ojo
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June 14, 2023, 03:49:17 PM Last edit: June 14, 2023, 10:32:08 PM by Ojima-ojo |
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With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?
Are we in a bear market? I don't think so considering the price bitcoin entered the year 2022 with is obvious that the current bitcoin price is in a recovery stage that the price must pass through and at that, we must be careful not to pronounce any market direction yet because when bitcoin rosed to $31k price we all speculated it backward correction which is what we are seeing now. We may have the possibility of seeing Bitcoin more discounted price before the next Bitcoin halving, but then I think we must keep holding our current stars because we don't know how deep the current recovery will go, and at that, we need to have constantly balanced portfolio in case the market swing to the opposite with high proportion, bitcoin volatilities caught across many faces.
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JoyMarsha
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June 14, 2023, 07:07:16 PM |
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If we have the principle of profit then the best thing is to buy when it is dip and hold, many investors are successful and rich because they can be patient, but vice versa for a loser he will immediately sell when he gets a small profit, even when the price drops significantly then they immediately sell for fear that the market will not be able to rise again.
Someone who invests in crypto needs to be patient and intelligent. The cryptocurrency market, in my opinion, is now going to be long-ride-bearish. As a result, not everyone has the patience to wait for significant rewards and control their emotions when the coins they purchased experience sharp price declines. Investors should continue investing with their spare cash and employ the DCA approach; they shouldn't keep investing because they perceive the market to be in a bearish state and invest more than they bargained for
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BITCOIN4X
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June 14, 2023, 08:09:09 PM |
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When it comes to knowing when to buy or when to hodl, it is my opinion that there is not any certain answer to this question. I have been very wrong so much for my price predictions so now I am just going to hold on and see where this market goes.
My experience with buying and holding is that for the most part of this it is luck. We make these decisions mostly on speculation of what the price will do. There is too many times I did buy the dip and then had big regrets when it dipped down more. Why don't you combine your strategy with DCA? I think it's a good combination strategy if you buy on the dip. DCA allows you to have a budget if the price drops after a dip, so you can buy again. DCA has also been suggested instead of spend all your budget into a lump sum purchase, so I guess it's good for any investor to adopt. Buy and hold during this year to 2025 is a good plan. I believe halving will give me worth it returns, so I need to prepare this investment portfolio as well and as safely as possible.
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robattfield
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 08:40:09 PM |
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If you already hold Bitcoin purchased at a higher price, hodling can be a viable option if you believe in the asset's long-term potential and are comfortable with the potential for short-term volatility. On the other hand, if you haven't invested in Bitcoin and are considering buying in the $20k to $25k price range, then consider carefully before making any investment decisions. It is very difficult to time the market perfectly, so the best option is still DCA.
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Nwada001
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2023, 10:28:01 PM |
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If you already hold Bitcoin purchased at a higher price, hodling can be a viable option if you believe in the asset's long-term potential and are comfortable with the potential for short-term volatility. On the other hand, if you haven't invested in Bitcoin and are considering buying in the $20k to $25k price range, then consider carefully before making any investment decisions. It is very difficult to time the market perfectly, so the best option is still DCA.
Even with the DCA option, one still needs to know when to enter the market and when not to enter the market. I know no time is too early, and no time is also too late to buy and hold. A lot of investors legs are already shaking, especially those who saw the price drop below 28k after the SEC issue with Binance and Coinbase, and they rushed to purchase with the hope that after a few days the price might eventually go back to normal and they could take home some profit. A lot of them are actually regretting their actions right now. Because of the current price of Bitcoin, they could have accumulated more instead of the amount they bought in the early days of the week. Unless it's for a long time, it's always advisable for one to always keep in mind and be cautious of when he or she will enter the market in order not to fall into the trap of another dip, which might turn out to be a regret for them.
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