Impact of bitcoin price speculations on individual bitcoin holding

[barisbilgili]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.

Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.

[lienfaye]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Well, my decision to accumulate is not influenced by any speculators since i'm doing my own analysis. Though it's nice to read a positive and optimistic speculation regarding Bitcoin because that can encourage other investors to not panic in times the market is in red status.

I'm not using DCA strategy to accumulate. I'm buying when I have budget and if the price is less expensive. Anyway, it's fine if you tend to follow the speculation of those so called experts. But just keep in mind to still have your own analysis so that you can tell if the speculation has a basis.

[laurenB7742]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Well, my decision to accumulate is not influenced by any speculators since i'm doing my own analysis. Though it's nice to read a positive and optimistic speculation regarding Bitcoin because that can encourage other investors to not panic in times the market is in red status.

I'm not using DCA strategy to accumulate. I'm buying when I have budget and if the price is less expensive. Anyway, it's fine if you tend to follow the speculation of those so called experts. But just keep in mind to still have your own analysis so that you can tell if the speculation has a basis.

In my opinion, we should stay away from the predictions of so-called experts because we cannot know whether what they are doing is helping the community or someone is paying them to say those things. We should research and make predictions ourselves, even though they may not be correct, but at least we will learn from experience for ourselves. We are investing with our own money, we must be responsible with our money, we don't need anyone to teach us how to get rich because no one is kind enough like that.

[bayu7adi]

I always consider all the speculations circulating in the Bitcoin space as additional references when making decisions. Yes, numerous speculations emerge with various ideas and perspectives, but the market will move in one direction.

Considering that I am the sole decision-maker responsible for my choices, I merely use speculations shared by others as points of reference. They will never sway my decisions to take investment positions. After all, I was a Bitcoin buyer during bearish market phases. I also continue to practice DCA to ensure I can sell it above my average purchase price. However, if a bullish market arrives sooner than expected, I'll take some profits off the table while still holding onto a portion, anticipating the next bullish phase.

In essence, speculations serve as references only. Since they are not accountable for our decisions, we are not obliged to follow them.

[TheSpiral]

In my opinion, we should stay away from the predictions of so-called experts because we cannot know whether what they are doing is helping the community or someone is paying them to say those things. We should research and make predictions ourselves, even though they may not be correct, but at least we will learn from experience for ourselves. We are investing with our own money, we must be responsible with our money, we don't need anyone to teach us how to get rich because no one is kind enough like that.

prediction is not as easy as the people says therefore people always follow other's prediction as they are newbies and they don't know what to do. But once a person get experience then his believe is made which encourage him to take all decisions by himself.

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

Although we cannot make a guaranteed prediction but we can make our mind clear through reading and searching about the exact coins and about its past so by concluding we can make our decision strong and profitable.

[Gozie51]

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.

[BitDane]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.

Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.

I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin.  Speculations are mere guesses that has no firm evidence.  So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed.  I think it is best to base  our investment decision on the fundamentals.  That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin.  Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.

[Wiwo]

I bet you ops to disagree with you on this assumptions and to me the topic look incomplete since on a more serious note,  speculation have no impact on Bitcoin holding or market price,  the only only thing that speculations doesn't is to help Bitcoin traders to to make better choice as to when to take the best market position either to buy or sell.

But those that have long term Bitcoin investment goal,  they will not have any issue with wether or not the market speculations works or not,  and even no matter what the outcome of the market situation may be,  those long term investors will still fine a reason to be ok with whatever condition the market will end with.

[Ojima-ojo]

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.

Bitcoin market speculations should be taken for what it is which is just predictions ans as the name goes it speculations any ways so we should not take the serious and knowing also that Bitcoin market is a highly unpredictable one and at that we have to work in line with our own thoughts and convictions when making long twrm Bitcoin decisions.


The most important thing to do at each stage is to apply the DCA approach to whatever we do while accumulating Bitcoin or wanting to sell at the top

[Baofeng]

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.

Bitcoin market speculations should be taken for what it is which is just predictions ans as the name goes it speculations any ways so we should not take the serious and knowing also that Bitcoin market is a highly unpredictable one and at that we have to work in line with our own thoughts and convictions when making long twrm Bitcoin decisions.

I think majority here is doing like that, as we all know that it's hard to predict the market. As early as 2018, when I was about a year in bitcoin market, I understand that not even who had experience ahead of me can tell the price movement as there are so many factors to consider and we all know that this market is open around the world 24x7 and we might wake up surprised in a different timezone.

The most important thing to do at each stage is to apply the DCA approach to whatever we do while accumulating Bitcoin or wanting to sell at the top

I do agree with the DCA, nothing's wrong with this method and I think this is the best strategy for average joe to accumulate. But it might take years at least to be able to have a lot of bitcoins in our wallet specially if we starts with small capital.

[South Park]

I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin.  Speculations are mere guesses that has no firm evidence.  So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed.  I think it is best to base  our investment decision on the fundamentals.  That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin.  Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.

There is a difference between baseless speculation and speculation based on the many indicators that exist that tell us more about bitcoin and its current state, and while investing based on the fundamentals is not wrong and without a doubt it is a way to trade most assets, it is also true that by the time the fundamentals tell you to buy a great deal of the bull run has passed already, so it is important to try to find a balance and use both methods to aid you on your decision making process when it comes to deciding whether you will buy an asset or not.

[Ojima-ojo]

I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin.  Speculations are mere guesses that has no firm evidence.  So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed.  I think it is best to base  our investment decision on the fundamentals.  That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin.  Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.

There is a difference between baseless speculation and speculation based on the many indicators that exist that tell us more about bitcoin and its current state, and while investing based on the fundamentals is not wrong and without a doubt it is a way to trade most assets, it is also true that by the time the fundamentals tell you to buy a great deal of the bull run has passed already, so it is important to try to find a balance and use both methods to aid you on your decision making process when it comes to deciding whether you will buy an asset or not.

Baseless speculations have one attributes which is lack of datas to back up the claims and no near evidence to support the claims via a chart record of past Bitcoin market,  in most cases, those speculations are only based on market feeling and assumptions, this have made them to rely so much on words just to gamble around with the market, most of them doesn't practice most of the things they write on papers, it all end at the statement level.

But then in Bitcoin holding what I believe mostly in is that Bitcoin market speculations should be based on individual convictions and analysis of the fact that is personally discovered over time on personal bases.

[GeorgeJohn]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

The only impact bitcoin speculation can render to crypto investors is assurance and encouragement basically for investors who are willing to invest in bitcoin with biased intension, sometimes speculation of crypto market just look like all this social media crypto influencer in which I know quite well that the cryptocurrencies influencer do promote a coin, so speculation and predictions of the market will give you a hope either fake hope or real hope to invest in the market, because most of the speculation always narrow at the the positive aspect of bitcoin increment.

so I believe that some bitcoin speculation and predictions none of them do come to reality the way I'm seeing them from my own perspective, so bitcoin predictions is not something that an investor will depend on because whatever anyone predicts concerning bitcoin it's base on its ability and capability to understand or analyse how the market is all about, so I don't believe in someone assumptions in cryptocurrency, because when you work on someone predictions their is every tendency that it might come to pass, and secondly as an investor you are not supposed to depend on it, because as investor you already knew that predictions of bitcoin  doesn't have hundreds percent accuracy or seventy five percent accuracy.

So it left for you to observe the market and also use your graph chart to study and compare if the speculation or the predictions will match with what you have in your table or chary, I barely dance to the tone of speculators because majority of the information of bitcoin predictions don't normally be accurate from my perspective, so only advantages we have from speculators is that they triggers the ambition of investor to invest more if the information comes to be that the market will be of bearish.

[YOSHIE]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

If you talk about speculative data, to be honest, 2023 makes me a little dizzy and confused, it's difficult for me to determine which ones should be considered accurate and which ones are inaccurate, The point is: quite confusing, different from the speculation data in the 2017 era, there is not as much speculation as there is now, a little but it can be trusted and accurate.

Bitcoin is increasingly developing and almost all people in the world know about it and many experts express their thoughts, so that many users are tired of assessing Bitcoin speculation, Honestly, for now I'm just focusing on my own journey of accumulation regarding Bitcoin speculation for the future.

[Wiwo]

Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.

In as much as I may be against ops suggestions on none reliance on speculations to make market decisions,  it may also lead to some verifiable progress in some form,  because I'm as much as we may not rely on all the speculations that may be suggested to us on this board,  we can still also rely on a few number of them who have some indept data and analysis that are provable on the long run.

More also we have to do some form of data sampling before we buy into any analysis of the market since bitcoin have a provenable long history of not following the same pattern all the time.

[tygeade]

Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.

In as much as I may be against ops suggestions on none reliance on speculations to make market decisions,  it may also lead to some verifiable progress in some form,  because I'm as much as we may not rely on all the speculations that may be suggested to us on this board,  we can still also rely on a few number of them who have some indept data and analysis that are provable on the long run.

More also we have to do some form of data sampling before we buy into any analysis of the market since bitcoin have a provenable long history of not following the same pattern all the time.

When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.

[South Park]

When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.

Which is why it is important to try to find our tolerance to risk before we choose a strategy, after all someone could have access to the most profitable strategy all around the world and it will be for nothing if they cannot execute the strategy properly as they are afraid about making a mistake or losing too much money, and in that case it would be better to use a strategy that might not be as profitable but that limited their potential losses at the minimum.

[Mahanton]

When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.

Which is why it is important to try to find our tolerance to risk before we choose a strategy, after all someone could have access to the most profitable strategy all around the world and it will be for nothing if they cannot execute the strategy properly as they are afraid about making a mistake or losing too much money, and in that case it would be better to use a strategy that might not be as profitable but that limited their potential losses at the minimum.

There's no such thing about strategy or something that do talks about assurance on making money within this market and this is why people would really be trying out to stick and finding those possible analysis on which they could mold on different methods that they would know because we know that this market is really that unpredictable and no matter how sure you are with your analysis but if the market movement and other factors or sentiments would really be that bitter and go oppose on what you had predicted then it would really be going south and there's nothing you can do about it and this had been always the case or possibles scenario on which
you could really be able to encounter.

If you are a holder then it might sounds easy but its not.Im holder myself but i have been able to pass up different conditions or situations on which it would really be testing you out into your limit on which you might
really be ending up on selling your assets or coins on the time that you do see that the market condition is really at its worst + into those negative sentiments and speculations that you would really be able to read
around. You would really be that definitely having those second thoughts and hesitance whether you should pursue on holding for long or you would really be making out some cut losses
on which your mind and emotion would really be your main enemy on here.

[serjent05]

When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.

Which is why it is important to try to find our tolerance to risk before we choose a strategy, after all someone could have access to the most profitable strategy all around the world and it will be for nothing if they cannot execute the strategy properly as they are afraid about making a mistake or losing too much money, and in that case it would be better to use a strategy that might not be as profitable but that limited their potential losses at the minimum.

There's no such thing about strategy or something that do talks about assurance on making money within this market and this is why people would really be trying out to stick and finding those possible analysis on which they could mold on different methods that they would know because we know that this market is really that unpredictable and no matter how sure you are with your analysis but if the market movement and other factors or sentiments would really be that bitter and go oppose on what you had predicted then it would really be going south and there's nothing you can do about it and this had been always the case or possibles scenario on which
you could really be able to encounter.

Trading is not gambling that does not have any strategy to win.  Trading have this calle mitigating risk that enables a trader to profit in the given trades.  In Bitcoin there is a sure strategy that can give one a profit, and that is buy low sell high.  Yes it is indeed hard to do but patience had proven as the best solution to meet this result.  It has proven so far that regardless how much investors enter the market, with patience he is able to sell his holdings with profit.

At the current event, Bitcoin was bought as high as $69k+, so this time if Bitcoin reaches a new height, then those who bought at $69k+ will be in profit.

If you are a holder then it might sounds easy but its not.Im holder myself but i have been able to pass up different conditions or situations on which it would really be testing you out into your limit on which you might
really be ending up on selling your assets or coins on the time that you do see that the market condition is really at its worst + into those negative sentiments and speculations that you would really be able to read
around. You would really be that definitely having those second thoughts and hesitance whether you should pursue on holding for long or you would really be making out some cut losses
on which your mind and emotion would really be your main enemy on here.

Holding is easy for those who are informed and well eduated about Bitcoin, and has sufficient funds for their needs and wants.  It will be only difficult for people who are lacking in both confidence in Bitcoin and financial capabiity to meet their daily needs.

[justdimin]

When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.

That's why you should be always learning how you could make a profit all by yourself, that would make more sense and you should be trying to do that when you have the time. I get that not a lot of people may learn it as quickly as some others, one may learn how to do it in a few months while the other may take a year, and you may see it grow by that point, but no matter what you do, you should always trust yourself and reach to a point where trusting yourself means profit.

If you could do that then you are going to grow bigger and do better as well. I hope that it gets to a point where we could end up with something good and should be profiting from it as much as we possibly could, that's the best way to approach it.