JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 17, 2024, 01:14:23 PM |
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[edited out]
Those who are genuine investors can easily take the falling price of Bitcoin without fear of losing money even if the price of Bitcoin falls. But those who are indifferent about their investment, when they see that the price of Bitcoin has dropped, they become very worried about the investment and even do not hesitate to sell the investment. You used the term incorrectly. Being indifferent means you are not emotionally attached.. so you don't care. So an indifferent person would not sell when the BTC price is going down, but an emotional person would sell when the BTC price is going down. Those who have the right idea about investing are willing to buy more bitcoins when they see that the price of bitcoins has dropped. Because if you buy when the price of bitcoins is low, then when you see that the price of bitcoins has increased, you can profit by selling them. Maybe this is how you should invest in bitcoins. Moreover, the current market is going through a dip period, so now may be an opportunity for everyone to buy Bitcoin. Those who want to invest should invest during dip.
Selling merely when BTC is profitable is not ONLY a bad approach to bitcoin, such a practice of selling merely for dollar profits is not investing, it is trading. People can do what they like, but trading seems pretty dumb with such a great asset such as bitcoin, especially when bitcoin seems to have so much bias to the upside, so most people should be attempting to take advantage of bitcoin's upside bias, instead of thinking in terms of short term profits that involves trading. At the same time, if someone invests in bitcoin and they get nervous about whether their investment is going up or down, then maybe they should invest less so that they are not so worried about it, including that they will be able to establish a kind of emotional fortitude to be able to hold 4-10 years or longer. For sure, the less that is invested, then the more the BTC prices would have to go up in order to enjoy meaningful profits (and meaningful options). Accordingly, each person has to figure out how aggressive that s/he is able to be with his/her bitcoin investing without getting overly nervous about whether it is going up or down in price/value.. which I would not pretend to be an easy balance since any volatile asset can create nervousness, even for people who have already developed a great profit cushion in their holdings.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Tmoonz
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April 17, 2024, 02:50:15 PM Merited by JayJuanGee (1) |
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This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.
Okay, relatable. So it's buy and hold then. Definitely buy and hodle, we're just entering bull run so it's still very premature to be talking about selling, because price will definitely surge and every Bitcoin holder will get massive ROI in the peak of the bull run. This Bitcoin price dip that we're experiencing now is a very good opportunity to continue buying, the lower it goes the better for holders that wants to accumulate, because after the halving, gradually price will start to be steadily increasing, don't join those that'll panic and sale in this dip Not every Bitcoin holder will get massive ROI in the peak of the bull run, there are low coiners that is those who are still early in their accumulation process and also those who are already far gone in there investment. However it is only those who has gone far in their accumulation process, considering how much of Bitcoin they have and how long they were able to hold, these are what should be considered when talking about who is getting a massive ROI when Bitcoin is at it's peak price or the bull run, that is to say not every Bitcoin holder will get massive ROI in the peak of the bull run but only those that have a sizeable worth of Bitcoin after a long period of time when there investment has experience lots of compounded value of their investment over time and if they are willing to sell advisablely parts of their investment because if they sell all to buy back they might buy at a price higher than their selling point. There is no way a low coiner will be getting a massive ROI in the peak of the bull run of which selling when they are supposed to be buying more Bitcoin or at their early stage will be considered as trading which is more like gambling than investing and ther is no way they are getting a massive ROI.
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Onyeeze
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April 17, 2024, 10:08:39 PM |
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This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.
Okay, relatable. So it's buy and hold then. Definitely buy and hodle, we're just entering bull run so it's still very premature to be talking about selling, because price will definitely surge and every Bitcoin holder will get massive ROI in the peak of the bull run. This Bitcoin price dip that we're experiencing now is a very good opportunity to continue buying, the lower it goes the better for holders that wants to accumulate, because after the halving, gradually price will start to be steadily increasing, don't join those that'll panic and sale in this dip Not every Bitcoin holder will get massive ROI in the peak of the bull run, there are low coiners that is those who are still early in their accumulation process and also those who are already far gone in there investment. However it is only those who has gone far in their accumulation process, considering how much of Bitcoin they have and how long they were able to hold, these are what should be considered when talking about who is getting a massive ROI when Bitcoin is at it's peak price or the bull run, that is to say not every Bitcoin holder will get massive ROI in the peak of the bull run but only those that have a sizeable worth of Bitcoin after a long period of time when there investment has experience lots of compounded value of their investment over time and if they are willing to sell advisablely parts of their investment because if they sell all to buy back they might buy at a price higher than their selling point. There is no way a low coiner will be getting a massive ROI in the peak of the bull run of which selling when they are supposed to be buying more Bitcoin or at their early stage will be considered as trading which is more like gambling than investing and ther is no way they are getting a massive ROI. what I want to inform you about anyone who have the intention of accumulating Bitcoin will accumulate bitcoin based on it ways of understanding the protocols of Bitcoin so from my own perspective of understanding Bitcoin I know quite well my bitcoin have to do with his uncertain things so if you are a cryptocurrency holder especially bitcoin holder, the target of any bitcoin holder is to make sure that it holds it bitcoin until the price increases in the market especially for enter the bullish market so it is the target of everyone who is into a long-term investment of cryptocurrency mostly Bitcoin
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I_Anime
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April 17, 2024, 10:39:10 PM Merited by JayJuanGee (1) |
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what I want to inform you about anyone who have the intention of accumulating Bitcoin will accumulate bitcoin based on it ways of understanding the protocols of Bitcoin so from my own perspective of understanding Bitcoin I know quite well my bitcoin have to do with his uncertain things so if you are a cryptocurrency holder especially bitcoin holder, the target of any bitcoin holder is to make sure that it holds it bitcoin until the price increases in the market especially for enter the bullish market so it is the target of everyone who is into a long-term investment of cryptocurrency mostly Bitcoin I don't that's actually how things work for a long-term holder, you are actually talking about short-term holding. Short-term holder are those who will purchase Bitcoin and wait till there's any increase in market and sell their coins which is almost like trading with your coins. For long-term holders are those that kept accumulating while they hold Bitcoin till they have gotten themselves some reasonable quantities of bitcoin stashed in their portfolio . So not all holders target is to sell Bitcoin during an increase in price. Because most holders are low coiners, and a low coiners with a short-term goal may endup not yielding any thing at all because he or she haven't taken their time to build a better portfolio for themselves by using DCAing and other related strategies in accumulating bitcoin, aslong side having a good principles to secure a long and better HODLing. Besides one don't actually need to have any complex knowledge about Bitcoin before thinking of starting their accumulation journey, one just need to have some good basic knowledge about bitcoin and he is good to go in his bitcoin accumulating. Because focusing on accumulating knowledge alone in Bitcoin, may only lead to you missing out big time. So as you are learning about Bitcoin more , at same time focus on accumulating more Bitcoin for hodl.
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boyptc
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April 17, 2024, 11:19:24 PM |
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You will never know how the market goes in the few moments after you buy or sell. That's a normal scene for most traders on a day to day basis.
I have experienced that before but I don't expand that feeling because knowing that how volatile Bitcoin is, you might really miss that discounted price just after you've bought.
Or when you're going to sell then the market goes higher within moments that passed by just after you sold.
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Out of mind
Sr. Member
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I like to treat everyone as a friend 🔹
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April 18, 2024, 05:02:19 AM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
When you enter the market, you must look at the market position and understand that if you are not experienced in this, you will never be able to sell and make more profit. Of course, you should buy when there is volatility in the market and if you buy and hold it will definitely put you in a profit position. You buy from a position where you will not face a loss if you buy, but you will see the possibility of profit in the future. If you enter the market and are not knowledgeable about the market, then you will survive the number of bones compared to the profit, so you need to know about the volatility of the market first. Many times, if you buy when the market goes down a lot and sell when it goes back up, you can definitely make a profit. That's why you should buy and hold when the market starts to fluctuate, sell when the market enters highs, and you will only profit if you continue to do so, and you will be successful.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Bravut
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April 18, 2024, 10:35:20 AM Merited by JayJuanGee (1) |
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You will never know how the market goes in the few moments after you buy or sell. That's a normal scene for most traders on a day to day basis.
I have experienced that before but I don't expand that feeling because knowing that how volatile Bitcoin is, you might really miss that discounted price just after you've bought.
Or when you're going to sell then the market goes higher within moments that passed by just after you sold.
This happens to traders not necessarily those who invest in a long-run seeking to have more bitcoin holdings, traders and those present for short term are often found in this Web. The market is unpredictable, yeah. When you buy or sell it based on your decision and reasons. The best approach is simply sticking to your investment plan which will ease the process rather than buying or selling based on price movement, which you later regret because you were concerned about taking profits off the market not necessarily building a solid portfolio for your bitcoin holdings as an asset. This can only be settled when majority begin to see Bitcoin as a valuable asset rather than a tradable coin for profit making.
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Dailyscript
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April 18, 2024, 11:04:57 AM |
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![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
When you enter the market, you must look at the market position and understand that if you are not experienced in this, you will never be able to sell and make more profit. Of course, you should buy when there is volatility in the market and if you buy and hold it will definitely put you in a profit position. You buy from a position where you will not face a loss if you buy, but you will see the possibility of profit in the future. If you enter the market and are not knowledgeable about the market, then you will survive the number of bones compared to the profit, so you need to know about the volatility of the market first. Many times, if you buy when the market goes down a lot and sell when it goes back up, you can definitely make a profit. That's why you should buy and hold when the market starts to fluctuate, sell when the market enters highs, and you will only profit if you continue to do so, and you will be successful. There will be a time that many investors will understand that selling is a wrong decision if the investment is has not last a decade. There are 3 types of people who are selling. Those who are scared because the market is going down or would go down, another is those who are in bitcoin investment for the short term benefits which most of them at the end of the day never get to realizes any profit and last those who wants to sell ad buy back again when the market has dip so badly. Selling is a personal choice before if we are selling for bad reasons. Reasons like; going to party, buying luxury items, gambling or whatsoever that won't yield money back into your hands then it is selling for the wrong reasons. There are advantages of selling and only few persons are ware of this. Like the last reason i gave is quite not a bad idea if the investor is lucky to buy back at a lower price after selling. Also, some persons sell some few coins to start a business or diversify their portfolio which is not a a bad idea at all. This is because the plan is to bring more income for other expenses or to fuel the investment more.
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Tmoonz
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April 18, 2024, 01:56:40 PM Last edit: April 18, 2024, 02:20:43 PM by Tmoonz |
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You will never know how the market goes in the few moments after you buy or sell. That's a normal scene for most traders on a day to day basis.
I have experienced that before but I don't expand that feeling because knowing that how volatile Bitcoin is, you might really miss that discounted price just after you've bought.
Or when you're going to sell then the market goes higher within moments that passed by just after you sold.
It is short sighted, failing/ refusing to see the very true potentials that Bitcoin holds, any one thinking about Bitcoin or ever considering having Bitcoin in your portfolio requires looking beyond today's headlines, all your narratives are more like a trading strategy which is more like gambling than investing. However, you can accumulate Bitcoin and hold irrespective it's volatility nature. There is no point buying and selling for few dollar profits unless you want to remain poor. The DCA strategy gives investors the opportunity of mitigating the short term price fluctuations by making purchases at different intervals irrespective of the price point whether weekly or monthly according to your financial situation, volatility is just a factor of Bitcoin functionality which you shouldn't have to worry about but rather you maximize every opportunities of accumulating more of Bitcoin and hodl for as long as you can 4 to 10 years or more where you will have the compounded value of your Bitcoin investment over time. key note, Bitcoin investment is not a quick and get rich scheme that is what you should know.
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boyptc
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 18, 2024, 02:13:58 PM |
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You will never know how the market goes in the few moments after you buy or sell. That's a normal scene for most traders on a day to day basis.
I have experienced that before but I don't expand that feeling because knowing that how volatile Bitcoin is, you might really miss that discounted price just after you've bought.
Or when you're going to sell then the market goes higher within moments that passed by just after you sold.
You are just among those that are short sighted, failing/ refusing to see the very true potentials that Bitcoin holds, any one thinking about Bitcoin or ever considering having Bitcoin in your portfolio requires looking beyond today's headlines, all your narratives are more like a trading strategy which is more like gambling than investing. However, you can accumulate Bitcoin and hold irrespective it's volatility nature. There is no point buying and selling for few dollar profits unless you want to remain poor. The DCA strategy gives investors the opportunity of mitigating the short term price fluctuations by making purchases at different intervals irrespective of the price point whether weekly or monthly according to your financial situation, volatility is just a factor of Bitcoin functionality which you shouldn't have to worry about but rather you maximize every opportunities of accumulating more of Bitcoin and hodl for as long as you can 4 to 10 years or more where you will have the compounded value of your Bitcoin investment over time. key note, Bitcoin investment is not a quick and get rich scheme that is what you should knowBro, I'm just telling scenarios and I didn't even say anything about my position in Bitcoin but just said I've experienced that before. In fact, I've been holding for years and sold just a few during the past bull runs, so I don't know where you're pulling that point about telling me that I am one of those that are short sighted and don't see the true potential of Bitcoin and even bold some of your words that you think I don't know, hmmmmm. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) And every investment is the same as what you've said on that bold part, every genuine investment takes time to grow even the most volatile one. I'm just curious bro, how much BTC you're holding? don't take it wrong, I am with you guys, I'm also a HODLER. This happens to traders not necessarily those who invest in a long-run seeking to have more bitcoin holdings, traders and those present for short term are often found in this Web.
The market is unpredictable, yeah. When you buy or sell it based on your decision and reasons. The best approach is simply sticking to your investment plan which will ease the process rather than buying or selling based on price movement, which you later regret because you were concerned about taking profits off the market not necessarily building a solid portfolio for your bitcoin holdings as an asset.
This can only be settled when majority begin to see Bitcoin as a valuable asset rather than a tradable coin for profit making.
That's why the strategy that we've been telling to everyone about DCA is the most effective on this kind of problem that others are dealing with.
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Tmoonz
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 18, 2024, 02:25:52 PM |
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You will never know how the market goes in the few moments after you buy or sell. That's a normal scene for most traders on a day to day basis.
I have experienced that before but I don't expand that feeling because knowing that how volatile Bitcoin is, you might really miss that discounted price just after you've bought.
Or when you're going to sell then the market goes higher within moments that passed by just after you sold.
You are just among those that are short sighted, failing/ refusing to see the very true potentials that Bitcoin holds, any one thinking about Bitcoin or ever considering having Bitcoin in your portfolio requires looking beyond today's headlines, all your narratives are more like a trading strategy which is more like gambling than investing. However, you can accumulate Bitcoin and hold irrespective it's volatility nature. There is no point buying and selling for few dollar profits unless you want to remain poor. The DCA strategy gives investors the opportunity of mitigating the short term price fluctuations by making purchases at different intervals irrespective of the price point whether weekly or monthly according to your financial situation, volatility is just a factor of Bitcoin functionality which you shouldn't have to worry about but rather you maximize every opportunities of accumulating more of Bitcoin and hodl for as long as you can 4 to 10 years or more where you will have the compounded value of your Bitcoin investment over time. key note, Bitcoin investment is not a quick and get rich scheme that is what you should knowBro, I'm just telling scenarios and I didn't even say anything about my position in Bitcoin but just said I've experienced that before. In fact, I've been holding for years and sold just a few during the past bull runs, so I don't know where you're pulling that point about telling me that I am one of those that are short sighted and don't see the true potential of Bitcoin and even bold some of your words that you think I don't know, hmmmmm. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) And every investment is the same as what you've said on that bold part, every genuine investment takes time to grow even the most volatile one. I'm just curious bro, how much BTC you're holding? don't take it wrong, I am with you guys, I'm also a HODLER. This happens to traders not necessarily those who invest in a long-run seeking to have more bitcoin holdings, traders and those present for short term are often found in this Web.
The market is unpredictable, yeah. When you buy or sell it based on your decision and reasons. The best approach is simply sticking to your investment plan which will ease the process rather than buying or selling based on price movement, which you later regret because you were concerned about taking profits off the market not necessarily building a solid portfolio for your bitcoin holdings as an asset.
This can only be settled when majority begin to see Bitcoin as a valuable asset rather than a tradable coin for profit making.
That's why the strategy that we've been telling to everyone about DCA is the most effective on this kind of problem that others are dealing with. Yeah I got your points the reason why I have edited my post, my intention was to direct my post to your narrative and not to you directly please don't be upset about that ,Hope you understand my point.
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JayJuanGee
Legendary
Online
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Merit: 10731
Self-Custody is a right. Say no to"Non-custodial"
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April 18, 2024, 07:26:21 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
When you enter the market, you must look at the market position and understand that if you are not experienced in this, you will never be able to sell and make more profit. Of course, you should buy when there is volatility in the market and if you buy and hold it will definitely put you in a profit position. You buy from a position where you will not face a loss if you buy, but you will see the possibility of profit in the future. If you enter the market and are not knowledgeable about the market, then you will survive the number of bones compared to the profit, so you need to know about the volatility of the market first. Many times, if you buy when the market goes down a lot and sell when it goes back up, you can definitely make a profit. That's why you should buy and hold when the market starts to fluctuate, sell when the market enters highs, and you will only profit if you continue to do so, and you will be successful. Maybe better to suggest to buy and to hold and to just figure out a budget in which you can continue to buy BTC for 4-10 years or longer, and then reassess your situation once you start to accumulate a high enough quantity of BTC that you might start to feel that you are able to sell some or to live off of it or to supplement your income with it. Much better to have a longer term BTC accumulation plan that involved mostly buying and holding rather than buying and selling, which truly runs risks of selling too much too soon and then becoming disgruntled due to an inability to recognize an appreciate the power of bitcoin as an asymmetric bet to the upside.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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bitzizzix
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 18, 2024, 08:21:24 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
It all depends on the person's habits and the resources they have that make them have to do it, and as long as it is sold at a profit, I don't think it matters. We can make choices according to our circumstances and expertise, what our investment goals are. Whether for long-term goals or short-term goals and by knowing which investment goals are suitable for us, we can decide whether to become a trader or an investor. And I assume that what you are hearing about are short term trades that don't have the resources to back it up and are just hoping to make money from their trades. And such methods and circumstances will not be able to change his life significantly, especially from a financial perspective, but he is safe in financial matters if his trading is always profitable with limited resources. In fact, his safety zone can be changed if he has the desire to seek or search for other resources by working or doing business to support his ability to obtain much better or greater profits.
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Troytech
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April 18, 2024, 09:02:44 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
When you enter the market, you must look at the market position and understand that if you are not experienced in this, you will never be able to sell and make more profit. Of course, you should buy when there is volatility in the market and if you buy and hold it will definitely put you in a profit position. You buy from a position where you will not face a loss if you buy, but you will see the possibility of profit in the future. If you enter the market and are not knowledgeable about the market, then you will survive the number of bones compared to the profit, so you need to know about the volatility of the market first. Many times, if you buy when the market goes down a lot and sell when it goes back up, you can definitely make a profit. That's why you should buy and hold when the market starts to fluctuate, sell when the market enters highs, and you will only profit if you continue to do so, and you will be successful. Maybe better to suggest to buy and to hold and to just figure out a budget in which you can continue to buy BTC for 4-10 years or longer, and then reassess your situation once you start to accumulate a high enough quantity of BTC that you might start to feel that you are able to sell some or to live off of it or to supplement your income with it. Much better to have a longer term BTC accumulation plan that involved mostly buying and holding rather than buying and selling, which truly runs risks of selling too much too soon and then becoming disgruntled due to an inability to recognize an appreciate the power of bitcoin as an asymmetric bet to the upside. Sincerely speaking I've come to agree with the fact that it's better to focus on just buying bitcoin as an early investor than engaging in any tricky practice that involves selling to buy bitcoin again. What those that engage in such practice fail to understand is that they are at that point not engaging in long term investment but short term investment, which is the same as trading or gambling and they fail to realise that their major focus should be to accumulate more bitcoin and not selling. The truth is that anyone that thinks of selling as a means to buy more bitcoin is not investing with money that he can afford to lose, if else why should he be bothered about little profits than focusing on the big goal of having a good stash and compounding value on his investment.
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boyptc
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April 18, 2024, 10:07:49 PM |
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~snip~
Yeah I got your points the reason why I have edited my post, my intention was to direct my post to your narrative and not to you directly please don't be upset about that ,Hope you understand my point. Alright, not a problem. I was kind of surprised that you've spitted those words to me not knowingly that I am with you guys. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I've been hodling as well so, there's no pressure. So, no problem and peace out.
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Miles2006
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April 18, 2024, 10:21:47 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
When you enter the market, you must look at the market position and understand that if you are not experienced in this, you will never be able to sell and make more profit. Of course, you should buy when there is volatility in the market and if you buy and hold it will definitely put you in a profit position. You buy from a position where you will not face a loss if you buy, but you will see the possibility of profit in the future. If you enter the market and are not knowledgeable about the market, then you will survive the number of bones compared to the profit, so you need to know about the volatility of the market first. Many times, if you buy when the market goes down a lot and sell when it goes back up, you can definitely make a profit. That's why you should buy and hold when the market starts to fluctuate, sell when the market enters highs, and you will only profit if you continue to do so, and you will be successful. Maybe better to suggest to buy and to hold and to just figure out a budget in which you can continue to buy BTC for 4-10 years or longer, and then reassess your situation once you start to accumulate a high enough quantity of BTC that you might start to feel that you are able to sell some or to live off of it or to supplement your income with it. Much better to have a longer term BTC accumulation plan that involved mostly buying and holding rather than buying and selling, which truly runs risks of selling too much too soon and then becoming disgruntled due to an inability to recognize an appreciate the power of bitcoin as an asymmetric bet to the upside. Sincerely speaking I've come to agree with the fact that it's better to focus on just buying bitcoin as an early investor than engaging in any tricky practice that involves selling to buy bitcoin again. What those that engage in such practice fail to understand is that they are at that point not engaging in long term investment but short term investment, which is the same as trading or gambling and they fail to realise that their major focus should be to accumulate more bitcoin and not selling. The truth is that anyone that thinks of selling as a means to buy more bitcoin is not investing with money that he can afford to lose, if else why should he be bothered about little profits than focusing on the big goal of having a good stash and compounding value on his investment. Buy and sell for quick profit is not right, what do they expect buy and sell and such investor still except to see the previous price or rather they feel bitcoin price will wait for them. The simple fact after selling bitcoin for quick profit it's likely they might not accumulate bitcoin with such amount under probability, buying and selling mostly for newly investors who have not gotten the basic knowledge might distract their thought and learning process, instead of them to view bitcoin as a long term investment they view bitcoin investment as a short term profit. Buy and sell is just two different things with different strategy, taking out profit can be done by an advance investor with a balanced portfolio but still requires strategy in order for the investment to stand firm
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freedomgo
Legendary
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April 18, 2024, 10:57:05 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
That's the normal thing in the market. You buy when you're able to buy and decide until how long you're going to hold it. And the same goes for selling, you sell at the rate that you're satisfied and no matter what happens next will be out of your control. You have no control over the market so if you sell and then suddenly it pumps, what's the matter with that? You'll regret because you've sold too early? That's normal because not everyone that sells are selling at the top and no one knows if it's the top already. That's why plan all of your activities whether you'll buy or sell, as long as you're able to plan that, no regrets afterwards for any decision that you do. We all know that we can never take control whatever will happen in the market, that’s actually one of those challenges we have to face in dealing the market. So never be surprised if you see the price suddenly goes up after selling, or goes low after buying, because that is highly inevitable in the market. But as long as you manage your expectations, and you set plans and goals prior to decision making, whatever the outcome, at least you’re prepared for it. Regrets are normal, but you should also learn to stop regretting when you know you can’t do nothing about it and you know it won’t be helpful for you.
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Troytech
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 19, 2024, 08:22:56 PM |
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Investors who are still afraid of the risks associated with their desired investments are not good investors. Because most true investors will carry out research, analysis, knowledge, understanding and also know the journey to determine their actions. And a true investor would not do this without having knowledge and understanding and knowing the risks involved, and this applies to any investment.And corrections are a common occurrence in the crypto market that we have to face, but we don't need to be afraid, because whatever happens will eventually bounce back. And this correction is only temporary because apart from aiming to invest long term in cryptocurrencies, especially Bitcoin, the results are also uncertain and also risky. Moreover, if you do not have a good understanding and knowledge of the coins you buy, it will be in vain and there is a risk of loss, therefore you must have good knowledge and understanding of the coins you buy. So that everything goes according to expectations and is also done very carefully.
Bitcoin is still at it's early stage and making too much of researches, analysis, and knowledge might make you not to buy Bitcoin because it is still a new growing asset where there can be lots of new things being introduced hence, having a basic knowledge will just be fine while you learn other things on your way up. And moreso, you can not know how the journey will be unless you get fucking started. There is no certainty that everything will go according to your expectations but rather you should be prepared for the up and down that may or may not happen. I also want to add that investing in Bitcoin is beyond only getting knowledge, researches and analysis but it also has much to do with your personal self conviction which will help you make an informed decisions as regards to your investment. Your quite right about this, the only basic knowledge anyone who really wants to get into bitcoin shoudl know is how to buy bitcoin cause it wouldn't matter how much you know and you don't have any bitcoin, so getting the fuck started is the best right move to make. Then if there are other composory knowledge to learn would be on how not to wreak yourself too early as a long term holder and that should be having an emergency fund prepared and how to take advantage of other buying strategies like dip buys to get more bitcoin for yourself. I also recommend new investors to learn not to engage in tricky practice that can be a risk to term like trading which should be trying to buy low and sell high.
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MiF
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April 19, 2024, 08:36:08 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
Buy the dip and hold then sell if there is already an earnings, it always sounds simple but it does noes not mean that everything will happen the way we wanted to happen we don't know what will happen next so we also did not know if we can earn instantly or we well lose,but if we can hold we will have so many opportunities to sell during the bull season so there is a big chances to earn if we can just hold.
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Hamphser
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Vave.com - Crypto Casino
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April 19, 2024, 09:17:33 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
Buy the dip and hold then sell if there is already an earnings, it always sounds simple but it does noes not mean that everything will happen the way we wanted to happen we don't know what will happen next so we also did not know if we can earn instantly or we well lose,but if we can hold we will have so many opportunities to sell during the bull season so there is a big chances to earn if we can just hold. Depends actually on what are your goals since there would really be those individuals who would really be that aiming for long term and there are ones who do really im for short term. Taking profits would really be always the main target or goal that we should really be having on which it would really be just that a normal target or goal that we could have because we are really that making out some investment into this market but due to that unpredictability then it would really be that so damn hard for us to be able to determine on when to sell and on when to buy. This is always the main questions that we do really have in mind on the time that we do hover ourselves into this market or even into other markets as well. There's no way that we would really be finding this out to be easy. So profitability would really be depending on how well you do make out those buy or sell decisions.
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