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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 8394 times)
Sebas.tian
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June 24, 2024, 04:16:14 AM
 #761

Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.

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June 24, 2024, 04:31:44 AM
Last edit: June 24, 2024, 05:02:16 AM by Ruttoshi
 #762

Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.
How did you know that the price will dip below this. It is bad to keep waiting for the price of bitcoin to dip before buying. When the price of bitcoin was at 67k, some people were waiting for it to dip. It has dip to 62k, and you are saying that the price will still dip. New investors into bitcoin should not wait for more dips because no one knows if the price may dip below this level or not.

This is the best opportunity to buy bitcoin at discount price now that the price is at 62k, and whoever is a low coiner or no coiner that wants to keep on waiting for more dips is not ready to invest in bitcoin and will regret it in future for his own wrong decision making.

DCA is good to use for accumulating bitcoin and that is what I like about this method because it allows you to buy bitcoin regularly irrespective of the price of bitcoin at that moment. The most important thing is that you should use part of your discretionary income to buy always either every week or every month, just keep on buying for 4-10 years above. Before you know it you will be surprised at how much bitcoin you have acquired, instead of waiting for the price to dip below this. Delay is dangerous and it will make you lose out from the opportunity to acquire more bitcoin faster than regular DCA.

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cxtreenal
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June 24, 2024, 04:49:52 AM
 #763

Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.
It is bad to keep waiting for the price of bitcoin to dip before buying. When the price of bitcoin was at 67k, some people were waiting for it to dip. It has dip to 64k, and you are saying that the price will still dip. New investors into bitcoin should not wait to the dip.
This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
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June 24, 2024, 06:04:05 AM
 #764


Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income.
-cut-

When the price of bitcoin was only 50 usd, many people thought the price was too high to invest in it, because the price could go down in the future. And then the price of bitcoin went up to 100 usd, but many people also thought the price was still too high and hoped that the price could go down. And again when the price of bitcoin went up to 10k usd, there were still those who thought the price was high. And in the end many of those people did not have time to invest in bitcoin because from the beginning they continued to think that the price of bitcoin was high and they regretted it when the price of bitcoin was already 62k usd.

So the price of bitcoin is never too high if you can see the potential of bitcoin in the future. If you can't afford to buy 1 bitcoin now, you can start to accumulate or DCA with your money, and if you are consistent and disciplined then you can get the profit you expect. There is no need to think that the price is too high, because you can start investing in bitcoin even with just a few dollars today.
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June 24, 2024, 06:24:48 AM
 #765

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Currently the market is in a very bad condition. Right now it doesn't look like the market will pump up anytime soon, I think Bitcoin will take some time to pump up. But we should always look at every dip as a last chance, no matter how long the dumping is, we should always think that this is the last chance and buy. Because once the market starts pumping it will touch all time highs. So don't expect the price to drop further. Start buying now. And continue to DCA.

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June 24, 2024, 09:40:34 AM
 #766

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Currently the market is in a very bad condition. Right now it doesn't look like the market will pump up anytime soon, I think Bitcoin will take some time to pump up. But we should always look at every dip as a last chance, no matter how long the dumping is, we should always think that this is the last chance and buy. Because once the market starts pumping it will touch all time highs. So don't expect the price to drop further. Start buying now. And continue to DCA.

Nope for me that's not a last chance but rather another good chance to accumulate since we can catch on those dips then accumulate more. These kind of events is unexpected to happen that's why its good to take action while everyone is in panic then thinking to sell their assets.

It will be to bad for investor if they start thinking to buy when market is starting to recover since its like they are just there while the market is good then suddenly got scared when the market is on bad shape.

I don't also expect that we can see a huge dip so its really best to continue to do DCA and don't get afraid with the dumps since its part of the challenge of long term investor since if they got afraid in such condition then most like they will not succeed on their investment with bitcoin.

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Barikui1
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June 24, 2024, 09:51:57 AM
 #767

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Currently the market is in a very bad condition. Right now it doesn't look like the market will pump up anytime soon, I think Bitcoin will take some time to pump up. But we should always look at every dip as a last chance, no matter how long the dumping is, we should always think that this is the last chance and buy. Because once the market starts pumping it will touch all time highs. So don't expect the price to drop further. Start buying now. And continue to DCA.

Yes, I agree to what you are actually saying here bro, the value of Bitcoin has been declining in the past few days now, and as it stands, most newbies investors are panicking, some are even selling in a loss, while some are just in a panicking state, but we that are quite knowledgeable and experience should only sees it as an opportunity to buy more, either through the DCA accumulating strategy or through the lumps sum method if you have the financial leverage to do so.

And secondly, we that are long term holders, we shouldn't be bothered anytime the price of Bitcoin declined, because due to the potential of Bitcoin, it's more safe and more rewarding if you are actually a long term holder, it's only those people that can't hold for long that will should be bothered, because they are expecting a quick return which is not forth coming, so in essence is that, the current price of Bitcoin is an opportunity to us that are only thinking long term, because it's an opportunity to buy more.

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June 24, 2024, 01:30:53 PM
Merited by JayJuanGee (1)
 #768

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Currently the market is in a very bad condition. Right now it doesn't look like the market will pump up anytime soon, I think Bitcoin will take some time to pump up. But we should always look at every dip as a last chance, no matter how long the dumping is, we should always think that this is the last chance and buy. Because once the market starts pumping it will touch all time highs. So don't expect the price to drop further. Start buying now. And continue to DCA.

Yes, I agree to what you are actually saying here bro, the value of Bitcoin has been declining in the past few days now, and as it stands, most newbies investors are panicking, some are even selling in a loss, while some are just in a panicking state, but we that are quite knowledgeable and experience should only sees it as an opportunity to buy more, either through the DCA accumulating strategy or through the lumps sum method if you have the financial leverage to do so.

And secondly, we that are long term holders, we shouldn't be bothered anytime the price of Bitcoin declined, because due to the potential of Bitcoin, it's more safe and more rewarding if you are actually a long term holder, it's only those people that can't hold for long that will should be bothered, because they are expecting a quick return which is not forth coming, so in essence is that, the current price of Bitcoin is an opportunity to us that are only thinking long term, because it's an opportunity to buy more.

Well said, Bitcoin is good for a long term investment goal with investor that understand her value and the need to hodl without fretting, or panicking.

I want to correct something, the value of Bitcoin is not declining, rather her price is declining or dropping or bearish so far, if Bitcoin value was declining none of us would have the intention to keep hodling in spite of it dipping now. In essence we should always know the proper and right term to use in other to avoid confusion or pass false information.
Value of Bitcoin is different from Price of Bitcoin.

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June 24, 2024, 01:58:56 PM
Last edit: June 24, 2024, 02:14:46 PM by Tmoonz
Merited by JayJuanGee (1)
 #769

Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.

The bolded part of your narrative can be very misleading considering the fact that newbies can as well access this thread, since you will not be buying a whole Bitcoin the current price doesn't make it high or expensive for any investors to make purchases of Bitcoin, with dca strategy fractions of Satoshi can be bought with as little as you can afford either weekly or monthly irrespective of the price point at different intervals, there is no certainty or guarantee to backed up your claims that there will more drop, why even waiting for a drop before accumulating Bitcoin? It can be a total waste of time as you may not be able to see your expected dip, but with dca you are already in the market on time without any form of timing the market .

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June 24, 2024, 02:04:05 PM
 #770

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Bitcoin have proven to dominate the market at all costs, atleast we know what we're doing and having big bullish runs. We have short and longterm in the market, always understand its preferable to trade at our own convenience. It's a buy buy buy for most traders but it can also be a sell sell sell for most traders. The market will definitely come to us and not us going to the market.

Opportunities are paved everyday in the market, we're all aware about this. The market have been in poor condition for some and have also been in good condition for some traders. We can never dominate the full territory of the market but we should always know what's coming in for everyone and having positive changes in our trades.

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June 24, 2024, 02:45:37 PM
Last edit: June 24, 2024, 02:57:15 PM by Frankolala
 #771

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Bitcoin have proven to dominate the market at all costs, atleast we know what we're doing and having big bullish runs. We have short and longterm in the market, always understand its preferable to trade at our own convenience. It's a buy buy buy for most traders but it can also be a sell sell sell for most traders. The market will definitely come to us and not us going to the market.

Opportunities are paved everyday in the market, we're all aware about this. The market have been in poor condition for some and have also been in good condition for some traders. We can never dominate the full territory of the market but we should always know what's coming in for everyone and having positive changes in our trades.
Trading is not the best option in using to acquire wealth from bitcoin. You said that bitcoin has dominated the market so why will you gble with such coin with great value and potential just because you want to chase little profit and endanger your capital into big risk of losing it. The price of bitcoin has dipped to the point that whoever was waiting for the dip either a beginner or an experienced investor should buy and hodli for long term so that you can enjoy the compounding effect of your portfolio and also good amount of profit from the dip price.

I was lucky to have received a bonus at work last week which I kept without the intention of using it, seeing bitcoin price at 61k today as I am writing this post, I just bought more bitcoin with the money while I continue with my normal weekly DCA accumulation routine, because bitcoin is worth buying and hodli than buying and selling.

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Miles2006
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June 24, 2024, 07:07:20 PM
 #772

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Bitcoin have proven to dominate the market at all costs, atleast we know what we're doing and having big bullish runs. We have short and longterm in the market, always understand its preferable to trade at our own convenience. It's a buy buy buy for most traders but it can also be a sell sell sell for most traders. The market will definitely come to us and not us going to the market.

Opportunities are paved everyday in the market, we're all aware about this. The market have been in poor condition for some and have also been in good condition for some traders. We can never dominate the full territory of the market but we should always know what's coming in for everyone and having positive changes in our trades.
It’s obvious people still have a wrong narrative about bitcoin, the bull and bear market should not be a problem when people will have to sell just because the market is not in their favour. I don’t know for other investors but times like this is meant for an investor to buy and hold, the market is just like a continuous cycle from my observation although it’s always good we invest what we have at the moment and stop hoping for expectations, I believe this is a better way investors can escape trade, even if people have to make their decisions concerning their investment there’s no valid profit attached with trade like selling whenever their a decline. As a matter of fact, newly investors or investors in general can build a standard portfolio within short period of time if there’s a consistent planning towards accumulating bitcoin for the long run, trading is just too risky for my investment plans  because it’s obvious investors who have a long run investment mindset will not think of trading.

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June 24, 2024, 07:49:13 PM
 #773

Likewise today, look at the bitcoin friends there is a decline, a little dump to give ancang ancang, its nature is volatile which indicates a large enough buying and selling transaction, I believe in the meaning of cause and effect of supply and demand every time, even if tomorrow is reduced by 1-2% of the price of bitcoin today for example, even so I think there are still many who expect bitcoin prices to be even lower, if you look at the instinct, who doesn't want the price of bitcoin to continue to be cheap like a few years ago and attack it. if there is no fud / big momentum, in my opinion, the price of bitcoin will still be good. I myself don't like to compete when the market is calm, I mean, if the bitcoin pump I can buy and scalpingan and if the price drops I will buy for the long term, satoshi units in btc purchases make it easy to dca, my mistake that I have been through is too hopeful when the market is sideway in the pursuit of expectations and in a hurry to take profit, the nature of buying is an investment if with a sober of course can not force the market at will except whale Grin .

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June 24, 2024, 10:59:38 PM
 #774

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.
Currently the market is in a very bad condition. Right now it doesn't look like the market will pump up anytime soon, I think Bitcoin will take some time to pump up. But we should always look at every dip as a last chance, no matter how long the dumping is, we should always think that this is the last chance and buy. Because once the market starts pumping it will touch all time highs. So don't expect the price to drop further. Start buying now. And continue to DCA.

Yes, I agree to what you are actually saying here bro, the value of Bitcoin has been declining in the past few days now, and as it stands, most newbies investors are panicking, some are even selling in a loss, while some are just in a panicking state, but we that are quite knowledgeable and experience should only sees it as an opportunity to buy more, either through the DCA accumulating strategy or through the lumps sum method if you have the financial leverage to do so.

And secondly, we that are long term holders, we shouldn't be bothered anytime the price of Bitcoin declined, because due to the potential of Bitcoin, it's more safe and more rewarding if you are actually a long term holder, it's only those people that can't hold for long that will should be bothered, because they are expecting a quick return which is not forth coming, so in essence is that, the current price of Bitcoin is an opportunity to us that are only thinking long term, because it's an opportunity to buy more.

Well said, Bitcoin is good for a long term investment goal with investor that understand her value and the need to hodl without fretting, or panicking.

I want to correct something, the value of Bitcoin is not declining, rather her price is declining or dropping or bearish so far, if Bitcoin value was declining none of us would have the intention to keep hodling in spite of it dipping now. In essence we should always know the proper and right term to use in other to avoid confusion or pass false information.
Value of Bitcoin is different from Price of Bitcoin.


That's quite a very notable correction mate, I mean it's very easy for someone to get the both concepts mixed up or use 'em both interchangeably without even realizing they are in fact making a mistake, since the both concepts ( price and value of Bitcoin) are quite related but in fact also quite distinct terminologies.

For purpose of clarity, when talk about the price of bitcoin, we are referring to what bitcoin currently costs or the price at which people are currently buying , which isn't really stable due to some reasons.
While the value of bitcoin refers to both the inherent value of the asset as well as its usefulness, which includes its roles as a means of exchange, security, governance, and store of value.

To be further precise, the price of bitcoin refers to what it currently costs to purchase it, whereas the value of bitcoin depends on the rationale behind the purchase.
It's critical to comprehend this distinction in order to have a more better and transparent perspective on Bitcoin's long-term significance as well as its potential.

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June 24, 2024, 11:00:44 PM
 #775

Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.

The bolded part of your narrative can be very misleading considering the fact that newbies can as well access this thread, since you will not be buying a whole Bitcoin the current price doesn't make it high or expensive for any investors to make purchases of Bitcoin, with dca strategy fractions of Satoshi can be bought with as little as you can afford either weekly or monthly irrespective of the price point at different intervals, there is no certainty or guarantee to backed up your claims that there will more drop, why even waiting for a drop before accumulating Bitcoin? It can be a total waste of time as you may not be able to see your expected dip, but with dca you are already in the market on time without any form of timing the market .

I have been seeing different topics and replies emphasizing on buying at a dip price recently, before now it has been discussed on various threads in this speculation section about the need to buy at any price point and not wait for a DIP before buying, if a dip happens and you feel you still have some money to buy Bitcoin you can utilize the opportunity and buy but if you don't have then you can still continue with the DCA because it's not really about the price points you bought with that determines how huge your investment will become but how much fraction of Bitcoin you have been able to acquire so that is the more reason why the DCA is important to a beginner and someone who doesn't earn enough income but if they have a regular income it will enable them to use the DCA perfectly without any challenge. Continuous waiting for a DIP to me is selfishness and greediness so the most important thing should be that you are acquiring Bitcoin at different intervals of time irrespective of the price at that material time and that should be the priority to owning a huge portfolio and not always being expectantly waiting for a DIP before buying.
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June 25, 2024, 03:45:04 AM
 #776

[edited out]
That's quite a very notable correction mate, I mean it's very easy for someone to get the both concepts mixed up or use 'em both interchangeably without even realizing they are in fact making a mistake, since the both concepts ( price and value of Bitcoin) are quite related but in fact also quite distinct terminologies.

For purpose of clarity, when talk about the price of bitcoin, we are referring to what bitcoin currently costs or the price at which people are currently buying , which isn't really stable due to some reasons.
While the value of bitcoin refers to both the inherent value of the asset as well as its usefulness, which includes its roles as a means of exchange, security, governance, and store of value.

To be further precise, the price of bitcoin refers to what it currently costs to purchase it, whereas the value of bitcoin depends on the rationale behind the purchase.
It's critical to comprehend this distinction in order to have a more better and transparent perspective on Bitcoin's long-term significance as well as its potential.

The price is what it is, and yeah it moves around a lot.

The value is likely different for different people and also some people try to determine if the value is adequately contained in the current price, so some folks might be willing to buy or sell bitcoin based on their value assessments and their assertion whether the price might be too high or too low based on their assessment of what the value is.. or what the price should be.

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
Kliss
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June 25, 2024, 07:24:19 AM
Last edit: June 25, 2024, 12:48:18 PM by Kliss
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 #777

Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.

The bolded part of your narrative can be very misleading considering the fact that newbies can as well access this thread, since you will not be buying a whole Bitcoin the current price doesn't make it high or expensive for any investors to make purchases of Bitcoin, with dca strategy fractions of Satoshi can be bought with as little as you can afford either weekly or monthly irrespective of the price point at different intervals, there is no certainty or guarantee to backed up your claims that there will more drop, why even waiting for a drop before accumulating Bitcoin? It can be a total waste of time as you may not be able to see your expected dip, but with dca you are already in the market on time without any form of timing the market .
The price of bitcoin is not high for any investor who intend to purchase Bicoin, it's important to consider that buying bitcoin doesn't require purchasing a whole coin.  Waiting for the price to drop before buying bitcoin might not always be the be best approach especially if you want to keep growing your bitcoin stash. The question is dip might occur but does it suit your desired level?, Using a DCA strategy is an approach that eliminate the need to wait for a specific price drops that may never come, ensuring you're consistently in the market without the stress of market timing. With a DCA you can acquire Bitcoin at various price points regardless the market situation. This way, you can invest consistently and avoid missing out on potential opportunities that align with your investment goals. DCA allows you to purchase Bitcoin at both high and low prices, ensuring you stay on track with your investment strategy.
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June 25, 2024, 09:27:21 AM
 #778

[edited out]
That's quite a very notable correction mate, I mean it's very easy for someone to get the both concepts mixed up or use 'em both interchangeably without even realizing they are in fact making a mistake, since the both concepts ( price and value of Bitcoin) are quite related but in fact also quite distinct terminologies.

For purpose of clarity, when talk about the price of bitcoin, we are referring to what bitcoin currently costs or the price at which people are currently buying , which isn't really stable due to some reasons.
While the value of bitcoin refers to both the inherent value of the asset as well as its usefulness, which includes its roles as a means of exchange, security, governance, and store of value.

To be further precise, the price of bitcoin refers to what it currently costs to purchase it, whereas the value of bitcoin depends on the rationale behind the purchase.
It's critical to comprehend this distinction in order to have a more better and transparent perspective on Bitcoin's long-term significance as well as its potential.

The price is what it is, and yeah it moves around a lot.

The value is likely different for different people and also some people try to determine if the value is adequately contained in the current price, so some folks might be willing to buy or sell bitcoin based on their value assessments and their assertion whether the price might be too high or too low based on their assessment of what the value is.. or what the price should be.
Yes, that's another difference between the price and value of Bitcoin.
While Bitcoin price is the same for everyone, the value of bitcoin is subjective and can vary from person to person, and the value depends on the perspective of the person.
Different people has different perspectives of Bitcoin, for some people, it's merely a store of value, some view it as a speculative asset and to others it's a means of exchange and these different perspectives and viewpoint of Bitcoin each also has different value propositions too.

Again, how a short-term trader values bitcoin is absolutely different from how a long-term HODLer perceives and value it.
Just as you stated, some investors try to place Bitcoin's value where the price is, if they believe that the price is too low compared to what they perceive the value of Bitcoin to be, they'll be prompted to buy and vise versa, if they believe the price is way higher tham their perceived value, they'll be encouraged to sell.

And the most exciting thing about the bitcoin market is that, the bitcoin market dynamics are mostly driven by these steady and different assessment of value versus price, and also one of the major factors that influences supply and demand which of course we know is the major factor that influences Bitcoin's price.
Every investor has their own personal and individual value judgement and just like Bitcoin price, investors' can also adjust their position and value assessments on Bitcoin.

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JayJuanGee
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June 25, 2024, 04:31:27 PM
 #779

[edited out]
Yes, that's another difference between the price and value of Bitcoin.
While Bitcoin price is the same for everyone, the value of bitcoin is subjective and can vary from person to person, and the value depends on the perspective of the person.
Different people has different perspectives of Bitcoin, for some people, it's merely a store of value, some view it as a speculative asset and to others it's a means of exchange and these different perspectives and viewpoint of Bitcoin each also has different value propositions too.

Again, how a short-term trader values bitcoin is absolutely different from how a long-term HODLer perceives and value it.
Just as you stated, some investors try to place Bitcoin's value where the price is, if they believe that the price is too low compared to what they perceive the value of Bitcoin to be, they'll be prompted to buy and vise versa, if they believe the price is way higher tham their perceived value, they'll be encouraged to sell.

And the most exciting thing about the bitcoin market is that, the bitcoin market dynamics are mostly driven by these steady and different assessment of value versus price, and also one of the major factors that influences supply and demand which of course we know is the major factor that influences Bitcoin's price.
Every investor has their own personal and individual value judgement and just like Bitcoin price, investors' can also adjust their position and value assessments on Bitcoin.

We could go back and forth about this topic, and surely there are some folks that will assert that the price is the best reflection of value, especially if something like bitcoin is mostly freely traded - but then there can be questions regarding the various ways that bitcoin might not be freely traded or that the price might sometimes be overly manipulated from time to time (or maybe there are a lot of negative perceptions about various events - including something like the several negative events in 2022 in which many exchanges and/or services did not have the bitcoin that they claimed to have starting with Terra/Luna but also including 3 Arrows Capital, Celsius, Voyager, BlockFi, FTX/Alameda, Genesis, GBTC and likely several others that I am not remembering off the top of my head...  Some of those were contagious events that actually affected the actual number of coins or perceptions regarding where the coins of clients were, but then also affects confidence, perception of momentum and even real momentum from some folks who might purposefully dump more coins in order to try to push the BTC price lower than what it should actually be able to go..

But then observers like us  might not be able to actually determine where the actual value is and how far the actual value might be away from price, so of course there is actual current value and/or price and then there is also expectations of future value and/or price, so when prices go outrageously up or down, the price may well get out of line with the value.. and surely part of the reason that I enjoy so much to use the 200-WMA as my measure of value or my measure of what I speculate to be bottom price is because it is a measurement that is a lot more steady since it is the average trade volume weighted price for the past 4 years.. of course on a weekly basis.. so nearly 4 years, since 4 years would be 208 weeks rather than 200 weeks, but 200 weeks is close enough to 4 years to give a pretty good assessment of value based on that kind of a metric.   

You can look at the historical differences between BTC spot price and the 200-WMA at this site:
 https://bitcoindata.science/withdrawal-strategy

By the way, prior to 2022, the BTC price had rarely gone below the 200-WMA - except for short spikes, and in 2022 and 2023, for nearly 16 months, the BTC price spent a lot of time at or below the 200-WMA and at one point in the middle of November 2022, the BTC price got to 36% below the 200-WMA.. so even if the 200-WMA might not be used as an absolute bottom for the BTC price, I still think that the 200-WMA is a good estimate of value and bottom BTC prices that are reasonable/feasible.. but might not even be regularly reached, since I have my own theories regarding the 200-WMA ongoingly and constantly going up, which might not always be true, and likely it is going to continue to go up at a lower and lower rate with the passage of time, and surely it may well have some periods in the negative, even though so far the lowest that it got was around a 20% annual appreciation rate between June 2022 and November 2023 (which is 18 months-ish - and those historical numbers can be seen depicted in my fuck you status chart).

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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June 25, 2024, 08:41:20 PM
 #780


The bolded part of your narrative can be very misleading considering the fact that newbies can as well access this thread, since you will not be buying a whole Bitcoin the current price doesn't make it high or expensive for any investors to make purchases of Bitcoin, with dca strategy fractions of Satoshi can be bought with as little as you can afford either weekly or monthly irrespective of the price point at different intervals, there is no certainty or guarantee to backed up your claims that there will more drop, why even waiting for a drop before accumulating Bitcoin? It can be a total waste of time as you may not be able to see your expected dip, but with dca you are already in the market on time without any form of timing the market .
The price of bitcoin is not high for any investor who intend to purchase Bicoin, it's important to consider that buying bitcoin doesn't require purchasing a whole coin.  Waiting for the price to drop before buying bitcoin might not always be the be best approach especially if you want to keep growing your bitcoin stash. The question is dip might occur but does it suit your desired level?, Using a DCA strategy is an approach that eliminate the need to wait for a specific price drops that may never come, ensuring you're consistently in the market without the stress of market timing. With a DCA you can acquire Bitcoin at various price points regardless the market situation. This way, you can invest consistently and avoid missing out on potential opportunities that align with your investment goals. DCA allows you to purchase Bitcoin at both high and low prices, ensuring you stay on track with your investment strategy.

Of course, there is no rule or compulsion to buy a whole bitcoin, or I mean 1 whole bitcoin, it is too expensive for most people and also in my opinion not very effective to do unless you really have a lot of money, because most investors especially those who have a medium or below average financial situation always accumulate slowly where they already know that over time they benefit from the increase in price that occurs.

Buying when the price is decreasing or when it is correcting is indeed a good idea to execute, but yes I agree with you that it is not always an effective idea to do when one wants to have a larger amount of accumulation in a faster time. The problem in this case is that when we are too focused on waiting for the moment of decline to buy then surely it takes time to wait, while we do not know for sure about when bitcoin will experience a decline and to what level the decline will occur, meaning that although the idea is good but it can create delays in the accumulation of bitcoin that we have planned. So far DCA remains the best solution approach to bitcoin accumulation that can maintain consistency in terms of allocation, minimize the possibility of delays in allocation, and the following can also minimize the sense of worry.
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