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Author Topic: A 8th golden cross of Bitcoin before the halving  (Read 214 times)
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November 11, 2023, 11:28:03 PM
 #21

Buy when its low, the most simple rule only guided by your idea that BTC overall is fine to be in long term.  Then the remaining question being price, obviously lower gains you more units for your cash.   There is dollar cost average by time but also one method that buys more the lower it goes.  Its far away from trading because in trading buying more on weakness is considered not good practice thats why I say you must be sure you really to buy more of this asset then a negative price becomes a positive and mostly that was how I was looking at it tbh so now Im sad lol

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November 14, 2023, 06:04:58 AM
 #22

For a long term holder all these charts and indicators are a waste of time. Current bitcoin market behavior can give you are possible scenario after one or two month it won't be able to predict what will happen after an year. Only historical data gives you an possible accurate scenario of where bitcoin can be after an year. I am not sure about other market but this is quite unique for the bitcoin marketplace.
It can still be an interesting read for long term holders as it is not as if they are disconnected from the market, and taking into account the recent movements of bitcoin they may still be interested in understanding what is going on, however without a doubt this is less useful for them, especially if they implement a DCA strategy, as in that case they do not even look at the price of bitcoin when investing and instead they do so periodically.
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November 14, 2023, 06:08:39 PM
 #23

These are all speculations, doesn't mean that OP is wrong, doesn't mean he is right, it just means this is one of the speculations, one of the analysis, and we need to remember it in the end. I believe that we are going to end up with something that would be all that much different and difficult.

We can't "know" what the price will be, there is no possibility of that, we can just assume and guess, I think this is just one of those. That is what we must do though, because otherwise how would we invest? I mean you can't invest by just flipping a coin and buying selling according to results, you need to make some analysis, even if it is wrong sometimes, you need to make sure that you have something that you base your investments on.

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November 14, 2023, 07:55:06 PM
 #24

For a long term holder all these charts and indicators are a waste of time. Current bitcoin market behavior can give you are possible scenario after one or two month it won't be able to predict what will happen after an year. Only historical data gives you an possible accurate scenario of where bitcoin can be after an year. I am not sure about other market but this is quite unique for the bitcoin marketplace.
I don't even  believe in bitcoin predictions or signal because most at times those things do mislead people, I think the conditions of the market will determine exactly what the market will yield tomorrow, so therefore I believe that bitcoin price is rational it can increase today and tomorrow the price decrease, and secondly if you really want to follow predictions of bitcoin price so that you won't be mislead by hypers I think that the thing someone needs to do is to learn chart and understand it very well, it will be more preferable than using a signal or predictions of someone in which you don't know if the person conducted a research before posting it's analysis.

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