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Author Topic: Do you still appreciates the price of Bitcoin if it hasn't be your history price  (Read 341 times)
wxa7115
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December 28, 2023, 02:47:00 AM
 #41

If i truly believe in bitcoin and have the understanding that it's a reliable digital cryptocurrency that deserves my trust and investment, then i shouldn't make an expression of FOMO anytime I see there's a change that could spike out fear in what we have ad bitcoin market price, we've seen the worst dip and yet bitcoin rises and moves back it way upwards to where it's coming from, same also happened when the market rises and reached a new all time high, we still have the more confidence in it to remain that same valuable digital currency, when something is volatile, then we should expect more about this.
Set aside your emotion and just look at the numbers, by doing this you can easily tell about the status of the market and you will not hesitate to buy more because you know that Bitcoin’s value will continue to pump and new peak will be made in time. Let’s not focus more about the negativity of the market, don’t feel FOMO and stay focus on your strategy, also panicking can’t help you aside from losing the money because of you being irresponsible.
One of the main problems with traders is that they have the tendency to overthink things up, they do analyses about the market that are so detailed and consider every scenario that the only conclusion they can come up is that literally anything can happen, and while this is in a way correct, at the same time it is a useless conclusion, since it does not really tell you anything about the market and how likely a movement in one direction or the other could be.

So we need to simplify our analyses while we still can get some useful conclusions out of them that allow us to act upon them.

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Sebas.tian
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December 28, 2023, 06:19:33 AM
Merited by fillippone (1)
 #42

Quote from: OgNasty
Most of the people who trade in and out of Bitcoin and talk about those who earn profits have a problem being patient. Bitcoin is very easy to make a lot of money as an investment and it is also very easy to lose a lot of money. The difference is whether you try to trade for profit or just buy and hold. People who buy and hold for years have traditionally done very well while traders inevitably go bankrupt.

When you are patience in your Bitcoin holding despite the panicking of other holders to rush to release their Bitcoin and you continue holding till the massive bullish arrive in the market before you can sell to make a good income that will make others holders to try your pattern. Those that have the knowledge of Bitcoin investment always found it easy to identify a huge amount of money from their Bitcoin investment, because they know when to buy to expect income in the future and they know when to sell to experience plenty money from their investment. Long term holders always make a huge amount of money, because they made up their mind to hold their coins for long to achieve what they have never experience before in their investment but short term holders always sell, once is five months or six months to make a little money.

rodskee
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December 28, 2023, 12:15:02 PM
 #43

Bitcoin price history is just part of the past, and there's no even concrete reason if history will still repeat itself, so I don't put too much emphasis on the price history but most particularly on the future price of bitcoin. We all know that bitcoin has a brighter future because of its huge potentials to succeed, and most likely will continue to skyrocket its price as long as it's capable to.
though it happens sometimes mate , and indeed that history does not repeat itself
completely but some part happened almost similar to the past , so maybe or not but there is possibilities .
Quote
Once we decide to invest in bitcoin, then we need to appreciate its price every now and then. Although it's undeniable that bitcoin has also its inevitable lows, but because the people believed in it, people have seen high utility case for bitcoin, then definitely bitcoin will not disappoint us in return as long as we have the patience to wait and understand the market's uncertainty.
risk is always in every profiteering but our tolerance and trust that will change the game .

justdimin
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December 29, 2023, 04:34:01 PM
 #44

Bitcoin price history is just part of the past, and there's no even concrete reason if history will still repeat itself, so I don't put too much emphasis on the price history but most particularly on the future price of bitcoin. We all know that bitcoin has a brighter future because of its huge potentials to succeed, and most likely will continue to skyrocket its price as long as it's capable to.
though it happens sometimes mate , and indeed that history does not repeat itself
completely but some part happened almost similar to the past , so maybe or not but there is possibilities .
I think so far it has repeated itself, which makes people question what if it does it again. For the biggest example, in 2016 it was decent and in 2017 it was great and in 2018 it was terrible, you look at it and in 2020 it was decent, in 2021 it was great and in 2022 it was terrible, so that begs the question, maybe in 2024 will be decent, in 2025 it will be great and in 2026 it will be terrible?

So far we do not really have any proving point that it won't be, and this is why people try to invest carefully, and that usually ends up being something that could be a bit more important than we would like to care to. That is a way that I have to think as well, and I believe that the best thing we could do in regards to this would be holding and seeing if we are right.

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