Wakate
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July 15, 2023, 09:20:27 PM |
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I believe that anybody interested in Bitcoin has done some background check because all this fluctuation didn't start after the day he bought Bitcoin that is how the market works and his purchasing the coin won't stop that dimension, whatsoever decision your friend takes my point is just that he should try not to sell below the procuring price.
The bear market is the best time for us to hold Bitcoin since we should always buy when the market is down and sell when the price is going up. Bitcoin is a volatile coins and we need to understand that holding Bitcoin can either make us lose or gain if we sell immediately when the market is going up or down. The wise traders always buy at the market floor and sell and the market top. Those that are traders know about this and they always act on it to earn more from the market. As an investor, we should always try our best to understand the market as an investor so we can benefit more from the market.
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MiF
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July 15, 2023, 09:45:38 PM |
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Falling of the bitcoin price is just a normal thing and we all witness this kind of dropping too many times before, sometimes we don't understand it or we don't accept the dropping because we are lossing our money, but this is crypto the truth of crypto is that it is high on volatility and it measures our patience every now and then so be patience to avoid losses.
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Japinat
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July 15, 2023, 09:51:58 PM |
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Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
Price falling doesn't guarantee that it won't rise again, which is why it's called an investment. He should have been aware of the risk before investing because you can make money and lose it all when you make a short-term investment. However, if your friend made a long-term investment, I think he wouldn't lose anything because you can't lose money when investing in bitcoin if you don't do it for short periods of time. By being aware of everything before investing, mate you will benefit when the moment is right. That is why we should study first before we start our process towards investment, buying a coin is the easiest thing to do in the world of cryptocurrency and the challenge will begin if the market starts to dip, and by that time, a question will pop on your mind that if your investment will survive or not. But if you have known right from the start and weigh the risks, these things will be prevented/avoid because you understand how it works and why does it happen.
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Amejoaquim
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July 16, 2023, 06:11:19 AM |
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Before your friend decided to invest in crypto he supposed to be know what kind investment crypto is. When the price down like a crazy it pretty normal in crypto because crypto is so volatile, my advice for me just DCA and set your own goal so you will know when you already reach your goal then you can Quit.
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irhact
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July 16, 2023, 07:31:48 AM |
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Falling of the bitcoin price is just a normal thing and we all witness this kind of dropping too many times before, sometimes we don't understand it or we don't accept the dropping because we are lossing our money, but this is crypto the truth of crypto is that it is high on volatility and it measures our patience every now and then so be patience to avoid losses.
Bitcoin nature is volatile, its price will always rise and fall as people buy and sell by trading to get profits. We have to know that Bitcoin won't be stable and instead of complaining about the the volatility of the market, we can learn to take advantage of the price instability as other individuals that learnt how to trade have been doing in the past and they'll also be doing in the future. If you don't know how to trade you can use the opportunity to invest into Bitcoin. Taking advantage of the price fall can be done with dollar cost average, when you DCA you give yourself an opportunity to buy more Bitcoin over time and you won't be at lose. Instead of panicking and sell your Bitcoins, you should use this opportunity to prepare for the future.
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Blitzboy
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July 16, 2023, 08:20:18 AM |
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Falling of the bitcoin price is just a normal thing and we all witness this kind of dropping too many times before, sometimes we don't understand it or we don't accept the dropping because we are lossing our money, but this is crypto the truth of crypto is that it is high on volatility and it measures our patience every now and then so be patience to avoid losses.
Bitcoin nature is volatile, its price will always rise and fall as people buy and sell by trading to get profits. We have to know that Bitcoin won't be stable and instead of complaining about the the volatility of the market, we can learn to take advantage of the price instability as other individuals that learnt how to trade have been doing in the past and they'll also be doing in the future. If you don't know how to trade you can use the opportunity to invest into Bitcoin. Taking advantage of the price fall can be done with dollar cost average, when you DCA you give yourself an opportunity to buy more Bitcoin over time and you won't be at lose. Instead of panicking and sell your Bitcoins, you should use this opportunity to prepare for the future. Riding the waves is more important than longing for smooth sailing. Some Bitcoin noobs, they only notice the price going up or down. True Bitcoin enthusiasts, however, look deeper. Its not merely a matter of "buy low, sell high," as they're well aware. It comes down to trusting in the blockchain and the transformative possibilities it presents. The uncertainty surrounding Bitcoin is real. But you know what they say: "high risk, high reward." For this reason, the term "Dollar Cost Averaging" was coined. You commit to making periodic Bitcoin purchases in a predetermined quantity. This way, you benefit from greater coinage during periods of cheap prices and suffer during periods of high ones. You will have less of an impact from short-term pricing swings as time goes on. The future value of Bitcoin is unknown. But what about Bitcoin and the blockchain's potential? Theres no denying that. Let us thus continue to stockpile resources, expand our horizons, and maintain our faith in the revolution.
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Nrcewker
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July 16, 2023, 08:32:23 AM |
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Before your friend decided to invest in crypto he supposed to be know what kind investment crypto is. When the price down like a crazy it pretty normal in crypto because crypto is so volatile, my advice for me just DCA and set your own goal so you will know when you already reach your goal then you can Quit.
I would advise to not set a DCA and don’t to set a goal. Whenever there is necessary or requirement of funds, then only one should cash out the Bitcoins. These Bitcoins are very rare, so if you set a target and sell it, then definitely you won’t get the full profits or potential of the coin. Bitcoin’s price always goes up, so yes Bitcoin investment should be for long term always. Take the advantage when the price is low and keep on accumulating and storing Bitcoins at regular intervals.
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Wapinter
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July 16, 2023, 08:51:55 AM |
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Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
Bitcoin is the future and even if you buy it at high rate, you just need some patience till it hit the price where you make profit. We have seen a lot of price fluctuations in bitcoin and some of us has bought it at $60k but if you see the predictions and more and more adoption, it is very possible that bitcoin will soon hit $100k. Newbies should stay here and learn before jumping on any investment.
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shivansps
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July 16, 2023, 09:03:07 AM |
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Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
If your friend thought that everything he buys will grow, then I have bad news for him) No one will give you an accurate prediction about bitcoin or any other coin. On account of the amount of $ 1,000, remember that there are people who have lost much more. Second, you can't use money that you can't lose. If your friend is very emotional, then he should remember that he will constantly encounter such things. Psychology is a very important part of trading. We must remember that where someone has earned money, someone else has lost, sometimes we are the ones who lose. There are no victories without defeats. Take my best wishes in that way, guys
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shivansps
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July 16, 2023, 09:11:13 AM |
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Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
By the way, from the moment you wrote this post to date, it has grown well. Therefore, a friend has a reason to be happy if he did not sell at a lower price in those days. But even if he sold, then there is no reason for concern - he gained valuable experience. Investment and trading are not the same thing. When it comes to bitcoin, it is an investment. Investments love time
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cheezcarls
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July 16, 2023, 09:23:31 AM |
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In the world of Bitcoin and cryptocurrencies, there are no promises or astronomical guaranteed returns. Your friend needs to be aware of this one before committing to invest some of his funds into Bitcoin.
In other words, he needs to be educated first about Bitcoin and it’s unpredictable price volatility.
Last year, I have DCA with BTC in which I have taken advantage of the price fall during the time it was between $19k to $23k range. Although I am into profit right now, but I am actually preparing for the big rain which is the halving in mid-2024.
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Games.Bitcoin
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July 16, 2023, 09:38:53 AM |
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Taking advantage of a price fall in any investment, including Bitcoin, can be a strategy for potential gains. Timing the market can challenging as it becomes difficult even for experienced traders to predict the latest price declines. However, short term price movements should be avoided by trend driven sentiment. Falling prices can create buying opportunities but it is essential to have a solid investment plan, prepared for potential price rises.
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Stella Mese
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July 16, 2023, 10:07:37 AM |
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If your friend is going to get nervous because the price drops a little, he's doing it wrong. Either he is not thinking long term or that $1,000 is money he may need in the short to medium term. It is better to study bitcoin, its history and price behaviour in cycles to get an idea of what is to come, and be prepared for HODL for a long time to come, if you do things right, a little rise or fall in price should not even faze you.
Otherwise, I can already see your friend selling at $1100 because he's short the money when he can easily make x5 in a couple of years.
yes, I agree with your opinion, and indeed if BTC investment is not for the long term it will happen as you said, namely there will be anxiety and panic when the BTC price drops, and it turns out that friend op who invest in BTC do not fully understand the risks of investing in BTC and how to invest in btc properly.
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BRINIRHA
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July 16, 2023, 10:23:28 AM |
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Falling of the bitcoin price is just a normal thing and we all witness this kind of dropping too many times before, sometimes we don't understand it or we don't accept the dropping because we are lossing our money, but this is crypto the truth of crypto is that it is high on volatility and it measures our patience every now and then so be patience to avoid losses.
Volatility in the crypto market, especially in the price of Bitcoin, is indeed something that is considered normal for us market players in this industry. In fact for me every downturn that happens to bitcoin is an important moment that I should not miss. That is, I always wait for a downturn to happen again to accumulate bitcoins for the long term. For day traders, maybe a decline can bring losses. especially for those who are mentally weak and panic selling when prices fall which causes them to suffer losses. But for long term holders it seems like the ups and downs of the bitcoin price don't really affect their mentality. because I feel the same way about this. At the beginning of getting to know bitcoin and at the beginning I started investing in bitcoin, I also felt panic when the market corrected or when there was a Fud. but after learning more about bitcoin and its potential in the future, now my mentality is strong enough to continue to hold and even add more to my investment in bitcoin. There is no specific target in my bitcoin investment. but I will continue to increase my investment when I have a lot of unused money left.
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lizarder
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July 16, 2023, 10:41:47 AM |
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Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. Such is the volatility of bitcoin on its journey and there is no need to worry when your friends understand the process of bitcoin journey. For some beginners, buying DCA is still very good to apply because it can avoid excessive panic when the bitcoin price drops sharply. The journey of bitcoin will never be separated from decreases or increases and usually there are certain moments that can bring down or pump prices. Calmness and knowledge can bring a person to face the condition and it will lead to a conclusion. For $100k we probably won't be looking at it anytime soon as you will need to hold on until the next ATH arrives. Investment also requires patience in dealing with uncertain market conditions and when you are not calm it will cause excessive panic.
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leonair
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July 16, 2023, 12:12:48 PM |
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I believe that anybody interested in Bitcoin has done some background check because all this fluctuation didn't start after the day he bought Bitcoin that is how the market works and his purchasing the coin won't stop that dimension, whatsoever decision your friend takes my point is just that he should try not to sell below the procuring price.
The bear market is the best time for us to hold Bitcoin since we should always buy when the market is down and sell when the price is going up. Bitcoin is a volatile coins and we need to understand that holding Bitcoin can either make us lose or gain if we sell immediately when the market is going up or down. The wise traders always buy at the market floor and sell and the market top. Those that are traders know about this and they always act on it to earn more from the market. As an investor, we should always try our best to understand the market as an investor so we can benefit more from the market. When the market goes down, those who bought bitcoins at high prices start panic selling and those who don't have bitcoins start panic buying. and thus those who make decisions in panic face losses. because when one is in a state of panic, one's higher consciousness does not function. And he doesn't care about the effect of his decision then. but if he can take the right decision at the right time, it is possible for him to do something good
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komisariatku
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July 16, 2023, 02:15:28 PM |
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We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
I think there are no beginners and experts in analyzing bitcoin prices. Everything is just analysis and possibility. But you have to know how the price of bitcoin moves, maybe we don't know the price of bitcoin in the short term, but we know that bitcoin always creates new ATH, all we need to do is wait. Your friends should know about it before they decide to buy bitcoins But talking like it might be easy, I've had some bad luck holding bitcoin. But it happened because I panicked and immediately sold bitcoins when the price was red for 1 week. although in the following month the price increased quite a bit, but I already missed that moment because of panic. So if you don't have a good analysis, it's better to buy bitcoin with small money, maybe you can buy bitcoin in monthly installments from your salary. So you are ready with all the risks that will occur. Hold bitcoins for a long time. Maybe that will make you calmer, one that makes you panic is definitely buying bitcoins in large quantities
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Rabata
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 16, 2023, 02:46:15 PM |
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Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
Cryptocurrency is risky and by accepting this risk some of those who invest in crypto are able to earn more profits and some are exposed to losses by investing. The thing is that some investors are able to execute their strategies and others fail. Experienced investors always try to get the best out of any bullish or bearish market. However, immediate benefits are not possible for investors who are weaker risk takers. To make big profits, one must take the advantage of the price fall.
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