So by looking at situations like this we actually don't need to be strange and don't need to ask the reasons for other people who come out in a loss when in bitcoin because it happens because they are not too sure from the start and only enter because of fomo because they see bitcoin is quite tempting in profit but are not aware of the risk conditions that are actually in front of the eyes.
Basically it is not our responsibility to ask why they end up bad when investing.
But speaking of morals, we are obliged to tell them why they experienced losses when investing.
Confidence in investing will be formed when people understand how to do it correctly, that's why they need to learn first before investing. There is no loss if people invest based on knowledge because they can make decisions when investments are not going well. For example, when they invest at a slightly more expensive price, when bitcoin experiences a severe correction, all they need to do is wait for the increase process so they can avoid losses.
btw why I say that is the last time you were the one who asked other people's reasons why they gave up, so my discussion lies in discussing why people sometimes give up on bitcoin.
But on the one hand I also feel that I personally have to remind regardless of what decisions they make, still we as people who are in the same field must still remind each other about each other's decisions where every step even in bitcoin is everything we do is up to us but but there must be someone who reminds each other so that when the decision we make is wrong then we have someone who can remind us not to make the wrong decision.
And how can you determine that the decision you made is wrong and how can someone remind you not to make the wrong decision if the result of your decision was not determined if it is correct or wrong? Aren't we only being able to do that once we finally make the decision?
Also, if it comes to Bitcoin investment, not everyone is in the same situation where we can be patient until the highest peak. Some have been able to invest but, in the latter, they unexpectedly need the money for other use. They will be left with no other decision but to give up their investment for their needs. Can we still call this a wrong decision even if it comes to personal needs?
If you are thinking about investing, then you should be thinking in terms of a longer timeline, such as 4-10 years or longer, and then you should be ONLY investing from your discretionary income, so it is from money that you do not need for those 4-10 years or longer.
If you are trying to play the waves, you are not investing, you are trading and/or gambling.
If you invest money from what you need for expenses, you are gambling and not investing.
So yeah, if you overinvest, then you likely will need the money before the timeline that should be assigned, and those are all examples of mistakes... including attempting to value their assets from spot prices and presuming that the spot price will always stay the same and./or go up rather than valuing their holdings from bottom prices, such as using the 200 WMA to figure out the value of your BTC holdings.
You can get into bitcoin in a variety of ways, which include that you can heavily attempt to front load your investment, which could lead you to be in a different position from the person who comes into bitcoin more gradually and using discretionary income, and there is nothing wrong with front-loading your investment or even engaging in lump sum investing in the beginning, but you also have to be using money that you do not need, and also potentially be prepared for the BTC price to move against you if you were to have had to invested a lot at one time, then if the BTC price goes down rather than up, you should hopefully be in a position to continue to buy, and so yeah, stacking up your stash may well take a couple of cycles before you might start to be in a position to start to shave some of it off, and so in that case, you have to make sure that you are able to live during that time that you are either building your bitcoin holdings and/or your bitcoin holdings might well be growing during that time too. ..
In essence the idea is to build up your stash first before starting to sell any of it, and then once you start to sell some of it later down the road, sell in such small quantities that you don't necessarily expect to be able to buy back at lower prices whatever you had started to sell.
[edited out]
Either buying during bullish or bearish, all what matter most is the ability to be able to hold for long.. Bitcoin reach its highest ath recently after being bearish for years. Some will have sold out their token in lost out of fear and impatient. But anyone who hodl till now no matter what level he bought will have made profit from it. So hodling is the real secret to make it well in this space.
Not only holding is important, but continuous and persistent buying is important to reinforce conviction in the investment, and also to build up the BTC stash to a meaningful amount.
And, sure I am not saying that everyone has to be aggressive in his bitcoin approach, but there are advantages to figuring out some reasonable amount that is extra money that a newbie can invest, whether it is $100 per week or $10 per week or some other reasonable amount that fits within his budget of extra money that he is not going to miss because he has his expenses figured out.. and he is sufficiently comfortable in terms of ongoingly putting that amount into bitcoin.
Bitcoin can be the light as well as Bitcoin can become the darkest wildest nightmare. For an average Joe Bitcoin will definitely look like must have but they should be prepared about everything before buying their Bitcoin and only people who did that can withstand the bear season as well as the scammers and hackers who always waiting for the opportunity to steal money.
two things are involved for investment of Bitcoin before you invest in Bitcoin you have to check if we are in bearish season all we are in bullish season because these two things are important for bitcoin regulation when you mistakenly purchase Bitcoin when the price is going high you may lose your capital because it might decrease in value but when you purchase bitcoin when the price is low you will be at advantages because there is every probability that the price of Bitcoin may increase in the market or not that is why many investors like to invest in Bitcoin when the price is low and start waiting for when the price will increase so that they will make profit for their investment
Whether the low or high is subjective and it rely on how long the user is holding the assets which determines the profits. Whenever we say investment it generally should be a long term investment so they no need to worry about the short term dumps or even the correct while they can maximize their profits if they manage to get into the peak of the bearish run and cashout at the peak of bull run.
You are speaking out of both sides of your mouth since you are already suggesting to hold for a long time, but then you are talking about a fantasy of trading and trying to figure out the waves in BTC prices, and presuming that trading is better than just buying BTC and not trying to figure out when to sell, except maybe figuring out when to sell after having had been in bitcoin for at least a couple of cycles.. and maybe by the time that a person has been into bitcoin for a couple of cycles, then they can can start to think about possible selling strategies without necessarily selling large amounts.. so that would be to prioritize long term, investing rather than trading and not trying the figure out the shorter term waves, especially in the first cycle (the first 4 years of investing into bitcoin).. If you are thinking about investing and/or long term in regards to bitcoin in less than 4-year periods, then you are not thining about either investing nor long term.. at least when it comes to bitcoin.. You are likely mixing up ideas of trading and gambling and presuming that to be the same (or similar) to investing, which it is not.
[Edited out]
but you should sell at the price higher than your buying price.
That is a bad idea. You are talking about trading bitcoin and trying to gain more dollars from it, which is likely going to be very mediocre for anyone buying bitcoin and selling merely because they are in profits.
If you think about from 2015 to now there have been right around 8 doublings of the BTC price from $250 to $64k, and so that might not sound like very much, but each doubling allows for a compounding of value, so by the time you get to 8 doublings you end up having 256x increase in value (
you can see my post on the power of compounding topic), and there is no way that you can get those kinds of returns by fucking around scalping off small dollar profits at various points and then getting in and out of bitcoin and maybe finding yourself to be out when you should have had been in.
A lot of guys proclaim that they are living off of trading, but with something like bitcoin, it is likely better to have another income source, because there is value in terms of staying invested rather than getting in and out and scalping off profits to live off of them is going to cause you to never get ahead, even if you are able to live off of your profits, you are going to end up missing out on the power of compounding that comes from any good (or great) investment, such as bitcoin.
[edited out]
Not everyone can afford to risk money, but it's important that they have to start with savings as the baby steps if they have dream of changing their financial status one day. It doesn't necessarily they have to invest straight away, but if they feel Bitcoin is the one then they can start looking into it and
get some at the perfect time. With no efforts there won't be any changes in our life is the hard fact.
You say a lot of the correct things jrrsparkles - however, there likely is no need to get all worked up about "perfect timing." The best thing to do for normies is to get in and to stay persistent investing in bitcoin for 4-10 years or longer and as they are investing, they may study bitcoin to become more informed about how they might use it to their advantage in terms of the likely additional options that it will give them from investing 4-10 years or longer... so the most important things is not worrying about timing, but instead get started and to figure out their own finances in terms of making sure that they are investing from their discretionary income, which means it is income that is beyond what they need to cover all their expenses. Probably, they should also consider
their 9 factors, too.. but they do not have to have all of their 9 factors in order prior to investing into bitcoin, yet they can work on figuring ut their 9 factors as they continue to invest into bitcoin. . maybe start out small, and then work themselves into investing more aggressively into it, if they have gotten a good grasp on their 9 factors..
