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Gozie51
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October 13, 2023, 03:45:57 PM
 #21


Things are not stable in the world right now, so it is unlikely that the markets will start to rise now.

This is instructive but that is not always the case with bitcoin. Bitcoin is not fiat and it is not controlled or manipulated so it may not just happen with the expectation of decrease in price for the reason of what has been happening in the world. Remember the war in Ukraine has been on close to two years and bitcoin has not done badly, so I don't think Israel and Palestine war will not be a reason but if bitcoin price will decrease, I think it will be logical because of the bearish year which is suppose to be this year.

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October 13, 2023, 04:30:31 PM
 #22

Topic: Bull Run

✂️

1. People profit during a bull market who have already invested.
2. How to deal with a bull run market.

I think the discussion you describe does not match the title you created. Above are two titles for topics that match your topic description.
The latest market conditions since I joined the forum are still bearish. The analysis that I have read from various sources on several media platforms explains that market conditions are currently preparing to become bullish and preparing to welcome the halving

I also compare every analysis I get with price history from year to year and I agree with the statement that the longest bearish condition has lasted is now.
In facing market conditions like this, the advice recommended by many analysts is to buy, hold and strengthen patience. In my opinion, it can be used to welcome a bull run.

R


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October 13, 2023, 05:04:56 PM
 #23

1. People profit during a bull market who have already invested.
2. How to deal with a bull run market.
They are preparing to return after being in profit during the bull run.
Buying from the current price for Bullish preparation.

I think the discussion you describe does not match the title you created. Above are two titles for topics that match your topic description.
The latest market conditions since I joined the forum are still bearish. The analysis that I have read from various sources on several media platforms explains that market conditions are currently preparing to become bullish and preparing to welcome the halving
OP is teaching us all about preparation. Grin
Yes the bearishness will still continue before the halving arrives, but once past that all speculation says bitcoin will recover slowly and make a rally at the end of the year, some institutions already have a range of numbers for that year.

I also compare every analysis I get with price history from year to year and I agree with the statement that the longest bearish condition has lasted is now.
In facing market conditions like this, the advice recommended by many analysts is to buy, hold and strengthen patience. In my opinion, it can be used to welcome a bull run.
There is no way to keep buying in order to accumulate as much as possible, if you keep thinking about price and analysis all the time this will be a bit of a hindrance, so focus on buying and then holding, patience will be tested when you are facing problems, but when you have prepared all that will not happen.

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AprilioMP
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October 14, 2023, 10:12:25 AM
 #24

-snip-
OP is teaching us all about preparation. Grin

That's what I'm trying to understand the meaning of the title and content of the topic created by the OP Grin


Yes the bearishness will still continue before the halving arrives, but once past that all speculation says bitcoin will recover slowly and make a rally at the end of the year, some institutions already have a range of numbers for that year.

I don't fully believe in the market conditions that will occur from any speculator because October is already at the end of the second week and the support price is still not strong at $27k. Maybe the market price will recover slowly based on many speculations it will start in the third week of October.


-snip-
There is no way to keep buying in order to accumulate as much as possible, if you keep thinking about price and analysis all the time this will be a bit of a hindrance, so focus on buying and then holding, patience will be tested when you are facing problems, but when you have prepared all that will not happen.

Even if we want to say it in a good way, those who are still thinking about low prices to buy will not want to execute it well as long as they are not willing to take their minds off the price problem every day to buy. Just a waste of energy.
Other investors continue to consistently buy and hold with great patience until they finally make a profit during bull run market conditions.

R


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October 14, 2023, 10:33:44 AM
 #25

I don't fully believe in the market conditions that will occur from any speculator because October is already at the end of the second week and the support price is still not strong at $27k. Maybe the market price will recover slowly based on many speculations it will start in the third week of October.

I think the price might pump a bit toward $30k in the next few weeks to attract more retail investors before a final correction. We might see a below $20k price tag before BTC halving.

-snip-
There is no way to keep buying in order to accumulate as much as possible, if you keep thinking about price and analysis all the time this will be a bit of a hindrance, so focus on buying and then holding, patience will be tested when you are facing problems, but when you have prepared all that will not happen.

Even if we want to say it in a good way, those who are still thinking about low prices to buy will not want to execute it well as long as they are not willing to take their minds off the price problem every day to buy. Just a waste of energy.
Other investors continue to consistently buy and hold with great patience until they finally make a profit during bull run market conditions.

It is better not to wait for the dip before buying Bitcoin because you can not predict the price action. The best option is to buy; whenever you have money or set a target price to buy some bitcoin, and once the price hits that target just buy it. At the end of the day, everyone will be in profit, but your patience will be tested if you invest. It is expected that the price will touch new ATH after the next BTC halving, so it is a very good opportunity now to buy Bitcoin with a few bucks.

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October 14, 2023, 08:27:57 PM
 #26

It is better not to wait for the dip before buying Bitcoin because you can not predict the price action. The best option is to buy; whenever you have money or set a target price to buy some bitcoin, and once the price hits that target just buy it. At the end of the day, everyone will be in profit, but your patience will be tested if you invest. It is expected that the price will touch new ATH after the next BTC halving, so it is a very good opportunity now to buy Bitcoin with a few bucks.

Not all of us share the same interests or strategies. Investors have their own strategies for buying bitcoin. However there isn't any set of rules for invest so everybody can have their own choice of investment strategy. I agree with your observation as there is no assurance that there will be a dip. Instead of waiting for the dip we can start accumulating parts so that we won't lose our chances either way.
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October 15, 2023, 01:06:49 AM
 #27

I think the knowledge that matters the most when it comes to investment in Bitcoin is the fact that Bitcoin will always recover and that it is not for short term investments. Of course this should go along with the knowledge about Bitcoin itself, I mean the technology. If an investor has all this, I guess he is good to go. These knowledge is sufficient enough to keep him going and stacking satoshis despite bear markets and long months of waiting for better days.
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October 15, 2023, 04:04:14 AM
 #28


Manage your Emotions: Set realistic expectation and stick to your investment strategy. Doing this we help your emotions. We all need a balanced emotions to make rational decisions.
 

Regarding emotions in investing in Bitcoin, it's clear, when the market experiences a bear market and most people feel afraid of investing/frustrated, that's when we make purchases or accumulate and prepare for long-term holding while waiting for the price to rise to reach a new ATH and pass the halving event. Vice versa, if people are greedy during a bullish market, we are ready to sell (especially if BTC has passed the old ATH price).

Sometimes many people forget and are too nostalgic until they experience losses and frustration in crypto because of emotions they cannot control.
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October 15, 2023, 07:28:42 PM
 #29

The idea that the world economy is not great so many things will not be all that great with the bull run is not really a bad deal and should be something that we need to accept as it is, and we could definitely see bitcoin price rise precisely because of that. I am not saying that it will, but I am just saying that we do not have a reason for the world economy and bitcoin that is connected at all times.

For example, there wasn't anything special about the world economy in 2017 December, but it got off, it wasn't great or terrible and it go up anyway. I believe that we are going to have something like that, world economy will be just as it is, no changes, and bitcoin price will end up much higher. This should be the common expected result, bitcoin is by far better asset than anything else and the world economy is much bigger so moving that is a little bit harder, there needs to be something major to make it move, it's easier to make bitcoin move up.

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October 16, 2023, 08:07:18 AM
 #30

I think the knowledge that matters the most when it comes to investment in Bitcoin is the fact that Bitcoin will always recover and that it is not for short term investments. Of course this should go along with the knowledge about Bitcoin itself, I mean the technology. If an investor has all this, I guess he is good to go. These knowledge is sufficient enough to keep him going and stacking satoshis despite bear markets and long months of waiting for better days.

It’s dangerous to think that it will always recover. That’s one of the largest dangers that could cause it to not recover in my opinion. Bitcoin is certainly a risk on asset and I’d hate to see anyone get too comfortable with it. Things like ETFs will certainly do a lot to alleviate fears among individuals not wanting to be responsible for their own coins though, which is a significant amount.

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October 16, 2023, 08:32:02 AM
Last edit: October 16, 2023, 09:01:42 AM by AprilioMP
 #31

-snip-

I think the price might pump a bit toward $30k in the next few weeks to attract more retail investors before a final correction. We might see a below $20k price tag before BTC halving.

The thing that strengthens you is that the price will go up if you can just mention it because many people can also say the possibility of what will happen to the price of bitcoin.


-snip-

It is better not to wait for the dip before buying Bitcoin because you can not predict the price action. The best option is to buy; whenever you have money or set a target price to buy some bitcoin, and once the price hits that target just buy it. At the end of the day, everyone will be in profit, but your patience will be tested if you invest. It is expected that the price will touch new ATH after the next BTC halving, so it is a very good opportunity now to buy Bitcoin with a few bucks.

The thing that strengthens you is that the price will rise if I may just mention it because many people can also say a possibility that will happen to the price of bitcoin.

Buy good things when prices are low and sell when prices are high. A theory that will stay on the shelf and gather dust.
I will repeat that no matter how great the people who advise don't wait for a dip to buy, those who are not willing to execute that advice still won't hear it.

R


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October 16, 2023, 09:36:06 AM
 #32

I think the knowledge that matters the most when it comes to investment in Bitcoin is the fact that Bitcoin will always recover and that it is not for short term investments. Of course this should go along with the knowledge about Bitcoin itself, I mean the technology. If an investor has all this, I guess he is good to go. These knowledge is sufficient enough to keep him going and stacking satoshis despite bear markets and long months of waiting for better days.

Knowledge is the most general and concise way to talk about bitcoin investment, the factors that OP mentioned such as managing emotions, determining investment goals...We will collect and accumulate everything during the learning process as well as the experiences that the market brings to us. So just say that if someone wants to invest in bitcoin and to be able to get good profits, we need to have the most complete knowledge.

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October 16, 2023, 10:45:45 AM
 #33

Set Your Risk Tolerance: Are you looking for short term or long term opportunities. The potential rewards in the crypto market are high so as the risk factor. Never invest what you cannot loose but for Bitcoin leaving it for a longer period will earn you profits

During bull run, we have to invest for long term and not short term because the market moves very fast during the bull run. If we sell and think we can buy back when the market falls we mightn't be able to buy back because of the fastness of the market in rising up. We are supposed to have prepared before the bull run comes, we're meant to have accumulate Bitcoin doing the bear market. Our risk tolerance are supposed to be set up during the bear market.

Managing our emotions is very important if we want to make profits during the bull run and it can be done by investing only spare money, just because it's the bull market doesn't mean we have to invest everything we have as during the bull market too, the price of Bitcoin can fall and make us to lose therefore we have to invest wisely.

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October 20, 2023, 06:20:34 AM
 #34

Set Your Risk Tolerance: Are you looking for short term or long term opportunities. The potential rewards in the crypto market are high so as the risk factor. Never invest what you cannot loose but for Bitcoin leaving it for a longer period will earn you profits

During bull run, we have to invest for long term and not short term because the market moves very fast during the bull run. If we sell and think we can buy back when the market falls we mightn't be able to buy back because of the fastness of the market in rising up. We are supposed to have prepared before the bull run comes, we're meant to have accumulate Bitcoin doing the bear market. Our risk tolerance are supposed to be set up during the bear market.

Managing our emotions is very important if we want to make profits during the bull run and it can be done by investing only spare money, just because it's the bull market doesn't mean we have to invest everything we have as during the bull market too, the price of Bitcoin can fall and make us to lose therefore we have to invest wisely.
Investing just your spare money is not an option for the majority of the people, and this is because if they did that then it will take them forever to obtain any kind of meaningful results, so people need to use all their savings when they invest, it is because of this that sometimes I get impressed by the irresponsibility in which some people use this money that it has taken them so much time to save by investing in shitcoins they know are not worth anything, and despite knowing all of this those people are still willing to risk it all in such a dangerous investment.
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