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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 2339 times)
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April 19, 2024, 09:55:22 PM
Merited by JayJuanGee (1)
 #201

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.

Taken profit shouldn't always be the aim for everyone when comes to investing in bitcoin, because is not everyone that have gotten a good stash of Bitcoin for themselves. So most people aim is to gather some good quantities of bitcoin in their portfolio and hold for some period of time before thinking of taken profit. What's am saying is that most people aim is to make some good profit though. But that shouldn't be one first aim because if one focus on taken profit alone he or she won't be able to build a better portfolio that may ensure them a better profit in a long run. So one  shouldn't focus on what he or she going to make now but what one is going to make in the nearest future. So during the time of holding one should also focus on his accummulating part to accumulate some good quantities of bitcoin, so that they will be able to hit a point of their accumulation when their investment would ready to yield them some good profit.

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.

That's sound more of a trading style . Buying when price low and selling when high, and one thing for sure buy the dip ain't the only way we can accumulate and invest in Bitcoin. While buying the dip would literally help one in their accumulation in purchasing in lower prices or when there's decrease in price in market. But just as you said we can't actually tell what's going to happen next in the market and also the right time to purchase ( we can't actually time the market) that why most time the best strategy to accumulate is DCAing, which is the process of purchasing bitcoin at different price interval at a fixed time either monthly or weekly. Or you can say this is the gradual purchasing of Bitcoin using a certain percentage of your earnings without going all in at once, regardless of market prices. So with such method of accumulating onne will be able to secure a good portfolio.

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April 19, 2024, 10:02:54 PM
Merited by JayJuanGee (1)
 #202

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.
If the investor doesn't understand what he or she is doing then going in or making the wrong decision when it comes to the type of investment is probably the first mistake he or she makes with their investment. It's always better to have a long term plan to your investment because selling and tempering with the invested Bitcoin like you said will just make the investors grow the urge not to continue as no much value might be added when their is significant increase of the price but when the plan is long term all these worries are left behind because the buying mentality is more fixed and when the price increase is seen it also enhances the zeal to buy more and more despite any fluctuations in the price.

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April 19, 2024, 11:00:58 PM
 #203

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.
If the investor doesn't understand what he or she is doing then going in or making the wrong decision when it comes to the type of investment is probably the first mistake he or she makes with their investment. It's always better to have a long term plan to your investment because selling and tempering with the invested Bitcoin like you said will just make the investors grow the urge not to continue as no much value might be added when their is significant increase of the price but when the plan is long term all these worries are left behind because the buying mentality is more fixed and when the price increase is seen it also enhances the zeal to buy more and more despite any fluctuations in the price.

That is one of the powers of just ongoing, consistent and persistent continuing to buy, even if it is just a small amount.. it helps to reinforce the dedication to the BTC investment, and surely options likely continue to increase with the ongoing investing, especially if maybe the person comes from a poor background and just spends more than 10 years buying small amounts of bitcoin without being tempted into selling them, and then even if the amount is ONLY $10 per week, then after a year it is $520, and after 10 years it is $5,200, and sure maybe it still is not enough, and maybe he needs another 10 years of buying BTC which would end up being $10,400 invested after 20 years (with ONLY $10 per week), and surely the earlier purchased coins would have greater odds of having had appreciated more than the later purchased coins, and even if there are no guarantees of profits, I think that the odds should be pretty good that the guy will have put himself into a better place by buying BTC through that whole time versus his other option of not buying.

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April 19, 2024, 11:49:15 PM
 #204

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 too early to talk about buying and selling bitcoin at the moment of halving, it will not give you a big profit to you if you make a purchase at the beginning of this month and now think of selling, it is a big mistake, why should you look only until tomorrow with bitcoin, why don't you look further with bitcoin? one year, two years or even 10 years not to sell and will only make purchases for your much better old age.

No one will know the market movements but Bitcoin seems to say that "I will give a decent profit to the person who accompanies me with someone who has enough time and patience".

Your logic is only felt by investors or traders who do not understand what is the minimum percentage of profit and loss that must be obtained as a limit in investment, so they have a simple mentality, it is clear that their mentality and strategy are poor in investing in bitcoin if they still have that mindset.

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April 20, 2024, 05:03:05 AM
 #205

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.
If the investor doesn't understand what he or she is doing then going in or making the wrong decision when it comes to the type of investment is probably the first mistake he or she makes with their investment. It's always better to have a long term plan to your investment because selling and tempering with the invested Bitcoin like you said will just make the investors grow the urge not to continue as no much value might be added when their is significant increase of the price but when the plan is long term all these worries are left behind because the buying mentality is more fixed and when the price increase is seen it also enhances the zeal to buy more and more despite any fluctuations in the price.
Long-term investment plans are an ideal approach to bitcoin because they allow you to buy and stay consistent with different prices. Here, if the price continues to bottom, if you feel like it, you can increase the buying level relatively, thereby increasing the number of bitcoins in line with the market price. On the contrary, when you notice an upward trend in the price, you can continue to buy a little less than normal or normal. There is no substitute for long-term investing when it comes to tailoring your investment style. In this situation your patience and tolerance can be the big controller.

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April 20, 2024, 06:59:20 AM
 #206

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.
If the investor doesn't understand what he or she is doing then going in or making the wrong decision when it comes to the type of investment is probably the first mistake he or she makes with their investment. It's always better to have a long term plan to your investment because selling and tempering with the invested Bitcoin like you said will just make the investors grow the urge not to continue as no much value might be added when their is significant increase of the price but when the plan is long term all these worries are left behind because the buying mentality is more fixed and when the price increase is seen it also enhances the zeal to buy more and more despite any fluctuations in the price.

That is one of the powers of just ongoing, consistent and persistent continuing to buy, even if it is just a small amount.. it helps to reinforce the dedication to the BTC investment, and surely options likely continue to increase with the ongoing investing, especially if maybe the person comes from a poor background and just spends more than 10 years buying small amounts of bitcoin without being tempted into selling them, and then even if the amount is ONLY $10 per week, then after a year it is $520, and after 10 years it is $5,200, and sure maybe it still is not enough, and maybe he needs another 10 years of buying BTC which would end up being $10,400 invested after 20 years (with ONLY $10 per week), and surely the earlier purchased coins would have greater odds of having had appreciated more than the later purchased coins, and even if there are no guarantees of profits, I think that the odds should be pretty good that the guy will have put himself into a better place by buying BTC through that whole time versus his other option of not buying.

One of the certainty that's involved when buying BTC is that if he sticks to the plan and avoid tempering with it or diversing to other means like trading then the results will always yield positive but in the case of buying Bitcoin and the patience and discipline is not there, then the results will now be faced with two outcome which is either he struggles to meet up or at the long leave the whole investment because everything will be scattered and it will be as if there is no progress with the investment and I know one thing that keeps a man driving at what he is don is when he see little progress no matter how small it is and again looking for fast increase can make the investor go to other means like trading which is certainly a no go area because that can be known as gambling your Bitcoin and the possibility of getting positive is never certain so it's better to stay safe and stick to slow and steady continuity than rush the whole thing and get losses.
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April 20, 2024, 04:42:02 PM
 #207

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 too early to talk about buying and selling bitcoin at the moment of halving, it will not give you a big profit to you if you make a purchase at the beginning of this month and now think of selling, it is a big mistake, why should you look only until tomorrow with bitcoin, why don't you look further with bitcoin? one year, two years or even 10 years not to sell and will only make purchases for your much better old age.

No one will know the market movements but Bitcoin seems to say that "I will give a decent profit to the person who accompanies me with someone who has enough time and patience".

Your logic is only felt by investors or traders who do not understand what is the minimum percentage of profit and loss that must be obtained as a limit in investment, so they have a simple mentality, it is clear that their mentality and strategy are poor in investing in bitcoin if they still have that mindset.
Actually its really that hard to determine because you would really be having these thoughts in mind on a particular condition/moment;

1. Pump in price after halving or post-halving
2. Huge correction in price whether after or a few days later on
3. Fomoing yourself about price increase due to halving event
4. Chasing up on whats bottom or peak price

It would really be just that a common approach on this way on which this is something that you would really be that normally be able to consider
or would be having in mind on the time that these kind of particular events on which it did come into a point that the entire community is really that eyeing on it,
on which on the time that you will be able to encounter. Decisions made would really be that entirely be that opposite to each other.

R


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FinePoine0
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April 21, 2024, 03:13:04 AM
 #208

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 too early to talk about buying and selling bitcoin at the moment of halving, it will not give you a big profit to you if you make a purchase at the beginning of this month and now think of selling, it is a big mistake, why should you look only until tomorrow with bitcoin, why don't you look further with bitcoin? one year, two years or even 10 years not to sell and will only make purchases for your much better old age.

No one will know the market movements but Bitcoin seems to say that "I will give a decent profit to the person who accompanies me with someone who has enough time and patience".

Your logic is only felt by investors or traders who do not understand what is the minimum percentage of profit and loss that must be obtained as a limit in investment, so they have a simple mentality, it is clear that their mentality and strategy are poor in investing in bitcoin if they still have that mindset.
Actually its really that hard to determine because you would really be having these thoughts in mind on a particular condition/moment;

1. Pump in price after halving or post-halving
2. Huge correction in price whether after or a few days later on
3. Fomoing yourself about price increase due to halving event
4. Chasing up on whats bottom or peak price

It would really be just that a common approach on this way on which this is something that you would really be that normally be able to consider
or would be having in mind on the time that these kind of particular events on which it did come into a point that the entire community is really that eyeing on it,
on which on the time that you will be able to encounter. Decisions made would really be that entirely be that opposite to each other.

Right now the halving has taken place, and now it's just a matter of buying and holding bitcoins in this deep market.  Because there is a big chance of pumping after Bitcoin market dumping. Because the Bitcoin market is dumping to be pumped, this is the perfect time to buy Bitcoin right now on this correction list. And many will wait for this 2025 bull market by buying Bitcoin and holding it long.  And many different opportunists can sell at the highest price when they realize the profit.

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April 21, 2024, 03:48:19 PM
 #209

Nowadays many people buy dip and sell it back to the pumping hall. May take longer or less time to reap benefits. It totally depends on the investor. Because an investor will depend on how long he will hold his investment. But usually I keep the investment for a long time and it is able to get the maximum benefit, because the longer the investment period, the higher the benefit.

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April 21, 2024, 05:59:51 PM
 #210

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

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.
Buying and holding Bitcoins doesn't require a lot of knowledge. Many people overcomplicate this area. I think Bitcoin is safe in terms of the type of risk that other coins have. It is definitely a good idea to choose Bitcoin for safe investment, but a Bitcoin investor should not face too many problems if they have a basic knowledge of which wallet to use especially for long-term holding. Short-term traders never consider Bitcoin as an asset but long-term traders get an attempt to secure their futures with Bitcoin. Those who can only hold bitcoins having good idea or not that is not a problem. If any holders have the basics will definitely get high profits in the long run.

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April 21, 2024, 07:57:15 PM
 #211

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

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.
Buying and holding Bitcoins doesn't require a lot of knowledge. Many people overcomplicate this area. I think Bitcoin is safe in terms of the type of risk that other coins have. It is definitely a good idea to choose Bitcoin for safe investment, but a Bitcoin investor should not face too many problems if they have a basic knowledge of which wallet to use especially for long-term holding. Short-term traders never consider Bitcoin as an asset but long-term traders get an attempt to secure their futures with Bitcoin. Those who can only hold bitcoins having good idea or not that is not a problem. If any holders have the basics will definitely get high profits in the long run.
It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual.

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April 22, 2024, 02:48:40 PM
 #212

It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual


Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state.

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April 22, 2024, 04:05:20 PM
 #213

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.


Considering Bitcoin as a subject case, selling during the bull season should only be associated with those that are already far gone in their accumulation journey why those low coiners should be must concern stashing up a sizeable worth of Bitcoin my maximazing every opportunity in the market and not to sell even at the bull run until they are able to achieve a sizeable worth of Bitcoin after a longer period of having compounded value of their investment over time in order to have a substantial return in the future considerably 4 to 10 years or more.

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April 22, 2024, 08:28:55 PM
Merited by JayJuanGee (1)
 #214

It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual


Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state.
Looking out for price movement always are usually practiced by traders not holders, sometimes I refer the short term investing as trading cause there's no guarantee of success, although the trading field can't be compared with holding bitcoin cause the amount of loss involved in trade likewise a short term plan is annoying mostly beginners who are inexperience about trade. From my view the common reason why people still feel emotional with bitcoin price is because they don't know what the long term is all about so sometimes investors fail to make plan.

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April 22, 2024, 08:58:30 PM
 #215

I would keep emphasising on the need that, till you examine yourself then you know your place in the Bitcoin Market. Whether you are in for short-term profits, or in for to view long-term in quest to build a solid bitcoin portfolio as a valuable asset. This settles everything and the debates.

It individually based, but the end result tells the story, Bitcoin is an asset not just a tradable coin
.

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April 22, 2024, 09:06:21 PM
 #216


Looking out for price movement always are usually practiced by traders not holders, sometimes I refer the short term investing as trading cause there's no guarantee of success, although the trading field can't be compared with holding bitcoin cause the amount of loss involved in trade likewise a short term plan is annoying mostly beginners who are inexperience about trade. From my view the common reason why people still feel emotional with bitcoin price is because they don't know what the long term is all about so sometimes investors fail to make plan.
It's  mostly watching out for the demand  and supply, it actually  concerns both sides but the differences is that on the trading side both the demand and supply is being put into consideration  to make market execution which might not be stable or correct sometimes, while on the other hand watching  only the demand could be done at most times to make more buys which we also know as buying  the dips, it could also be a great advantage of monitoring when to sell part of holdings  probably for those with enough holdings  who could easily make some profits from selling out of their holdings

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April 22, 2024, 10:07:56 PM
 #217

It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual


Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state.
that is why when you are investing in cryptocurrency most especially Bitcoin they have to bear in mind that it is a long-term investment that will give you what you needed or what you want because a short time investment is a investment give you a short-term profit instead of a mega profit you come achieve when you invest for long time investment that is why everybody is trying to venture into a long time investment, for me I do encourage people to invest when the price of Bitcoin is low and allow it, until the price of bitcoin get increased.

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April 22, 2024, 11:41:33 PM
 #218

Nowadays many people buy dip and sell it back to the pumping hall. May take longer or less time to reap benefits. It totally depends on the investor. Because an investor will depend on how long he will hold his investment. But usually I keep the investment for a long time and it is able to get the maximum benefit, because the longer the investment period, the higher the benefit.

If you can't buy correctly then it will be your first mistake in Bitcoin, if your investment time is short. Your risk will increase so it is definitely best to hold for the long term to reduce the risk. Here the more longevity you invest in investing the lower the risk and the best approach for you. You will save the most if you buy bitcoins using the DCA method only, and if you collect bitcoins for the long term, your investment will be long.

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April 23, 2024, 08:30:42 AM
Merited by Z390 (2), JayJuanGee (1)
 #219

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.
If the investor doesn't understand what he or she is doing then going in or making the wrong decision when it comes to the type of investment is probably the first mistake he or she makes with their investment. It's always better to have a long term plan to your investment because selling and tempering with the invested Bitcoin like you said will just make the investors grow the urge not to continue as no much value might be added when their is significant increase of the price but when the plan is long term all these worries are left behind because the buying mentality is more fixed and when the price increase is seen it also enhances the zeal to buy more and more despite any fluctuations in the price.

That is one of the powers of just ongoing, consistent and persistent continuing to buy, even if it is just a small amount.. it helps to reinforce the dedication to the BTC investment, and surely options likely continue to increase with the ongoing investing, especially if maybe the person comes from a poor background and just spends more than 10 years buying small amounts of bitcoin without being tempted into selling them, and then even if the amount is ONLY $10 per week, then after a year it is $520, and after 10 years it is $5,200, and sure maybe it still is not enough, and maybe he needs another 10 years of buying BTC which would end up being $10,400 invested after 20 years (with ONLY $10 per week), and surely the earlier purchased coins would have greater odds of having had appreciated more than the later purchased coins, and even if there are no guarantees of profits, I think that the odds should be pretty good that the guy will have put himself into a better place by buying BTC through that whole time versus his other option of not buying.
even during our past age when traditional ancient saving systems was predominant here in Africa and banks and decentralized finance haven't gained popularity, we came to witness our parents  making use of the saving box to DCA there fiat till the end of the  year when they will finally take out there holding. Although the amount that's mostly kept at each DCA period wasn't always much because most of them were actually poor, at the end of the year the compounded amount that comes out of such savings is always reasonable even though the system doesn't have as part of it nature, a sense of volatility that would have kept them in profit but the whole advantage of the compounding effect of DCA still makes a lot of difference and adds a lot of advantages to it.

The truth is that regardless of how small the amount you've been able to DCA with, if you're able to stack up for a long time and Bitcoin possibly goes up high to the moon maybe to the range of $500k or so ( now this might happen or possibly it might not get to this amount within the ten to twenty year time frame you will be able to possibly DCA) it will still be better off than refusing to DCA because you possibly don't have enough resource to invest as much as $100 to $500 at a time during your DCA. And yeah, it might seems very discouraging at some point along your accumilation journey when you discover you've only been able to stack up $5,200 worth of Bitcoin after DCA for a long period of ten years with $10 per week which is less than what some might be able to achieve within a single year, and yeah for some of us, that's actually what we started with and as i  have continued to build my emotions and believe in tge system, it's now easy to increae my DCA amount.  but then, it's always best to stick with what works well for you based on your financial level so you don't attempt pushing yourself too much in terms of trying to stack up more than your capacity and end up selling them half way because you've used what's supposed to serve as your emergency fund in making the investment.

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wiss19
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April 23, 2024, 01:38:22 PM
Merited by vapourminer (1)
 #220

Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state.
That is not always true, I have been a long term holder for a long time but I have been checking the daily movements for years as well, there is nothing wrong with checking the price and the movements, it allows me to buy more when it drops a lot, like for example with this recent drop I bought some more, not a lot because I have absolutely no money left, it was literally just 30 dollars, it is nothing compared to what people invest, but that is what I had, and I didn't want to miss this chance.

So, just because you are looking at movements daily, doesn't mean that you are going to make a move, or doesn't mean you are going to sell, it just means that you would like to stay informed with the market you are invested in, that's it.

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