Nangiconference (OP)
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April 26, 2024, 06:04:49 PM |
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With the information I gathered about cryptocurrency, I had interest and decided to buy some coins. Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline. I do not know how soon they will begin to rise again.
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alastantiger
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April 26, 2024, 07:17:51 PM |
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Be patient. You are holding for the long term and not for the halving. Is that so? If you are so concerned about your coins then you need to stop checking the prices. Checking the price every other hour will induce anxiety and doubt. About the halving and its impact on Bitcoin price, it is too early to draw conclusions. For instance when runes drove the transaction fee of Bitcoin very high but now the fees have dropped. If you are not okay with the reply, search the forum for similar threads to read their replies.
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Cricktor
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Crypto Swap Exchange
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April 26, 2024, 07:26:04 PM |
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How few days or weeks ago did you buy some coins? (Assuming Bitcoin because you speak of the halving event.) Did you invest only money that you can afford to loose or that you don't need back very soon? Nobody can see into the future, we're all on the same page by that. You were told... aha. When you're fully aware of the volatility, then why the weak hands? If price drops further, consider it as an opportunity to buy some more (again, dyor, no financial advise, don't over-invest!). I believe that last ATH wasn't the last and that we'll see higher rates. Only I can't tell you when. Keep calm and hodl.
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Saint-loup
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April 26, 2024, 07:30:44 PM Last edit: April 28, 2024, 06:29:44 PM by Saint-loup |
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When did you buy your Bitcoins? At the ATH? It's a golden rule in trading, you should never buy an asset at his ATH, if you are not ready to lose your investment. Because chances to drop down are at the highest level. Actually best traders and smart money are doing the opposite, they try to buy interesting stocks/assets at their lowest price(aka bottom) and then to sell them at the highest price(aka top).
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Stalker22
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April 26, 2024, 07:31:43 PM |
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I wouldnt really say that Bitcoin has been on "a continuous decline". It depends on when you bought in, but the current price probably is not too far off what you paid. Volatility is definitely part of the game, and this year can be a great time to invest, especially with the recent halving. But you should remember that "great time" does not mean guaranteed instant profits. Those ups and downs you mentioned can be scary for a newbie investor, but you said yourself that you were patient and did not panic. No need to start now. ~ I do not know how soon they will begin to rise again.
Nobody knows that for sure. Focus on the long game.
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nakamura12
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April 26, 2024, 07:39:54 PM |
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I think you are looking for a chance to earn profit by buying coins since it is almost halving as you have said which I think it wasn't that long ago when you bought bitcoin since you mentioned halving which happened this month. It seems you still lack some information about bitcoin or even halving because it isn't 100% accurate or true that when halving happens is that the price of bitcoin will increase or even reach new ATH but that isn't what happened this time of halving although before the halving happened is that the price increased a lot and even reached new ATH as you might have heard. As you can read the post above, nobody can guess when the price increase or see the future. Anyway, it's up to you if you want short term or long term.
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Ludmilla_rose1995
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Buzz App - Spin wheel, farm rewards
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April 26, 2024, 07:40:58 PM |
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With the information I gathered about cryptocurrency, I had interest and decided to buy some coins. Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline. I do not know how soon they will begin to rise again.
what coin did you buy? By the way, what are your expectations for your investment in crypto! you have to understand that the crypto market is very volatile, especially bitcoin, the price changes very quickly I recommend you use the DCA bitcoin buying method, you buy with the same money every month and consistently for 3 to 5 years then you can see that the coins you buy are actually profitable in the long term You have to be able to invest wisely, if you are still a beginner then don't look at your portfolio too often, it can disturb your mentality to sell at a loss
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Issa56
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April 26, 2024, 07:42:11 PM |
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With the information I gathered about cryptocurrency, I had interest and decided to buy some coins. Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline. I do not know how soon they will begin to rise again.
You know about the volatility of cryptocurrency before investing, so why do you have to ask how long it’s going to take before they start rising back? If you really know about cryptocurrency, then you should know that nobody knows when a particular coin is going to pump or dump, so nobody can tell you how soon it’s going to take before the market is going to bounce back. Since you are already at a loss, it’s just better you just keep on holding till the market bounces back. I hope the money you invested in your coins is an amount you won’t be using for now, and I hope it’s an amount you can afford to lose, because from your post, I think you invested in altcoins, which we know are high risk investments compared to investing in bitcoin.
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Distinctin
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April 26, 2024, 08:28:56 PM |
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I cannot give you a fixed date or month when will bitcoin skyrocket and achieve its new all time high, no one will be able to know that. That’s how uncertain and unpredictable bitcoin is. But one thing I’m sure that it will not stay on its low price forever, but has definitely its own time that it’s price will surge high again and create a consistent price increase by then. Be patient and just focus to your goal, that’s the only way you’ll avoid panicking and make wrong decision making that may lead to a huge loss and regret in the end.
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Odusko
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April 26, 2024, 09:04:48 PM |
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What a newbie should note is that, bitcoin for a beginner should be taken as a long term investment and if that becomes the xase, I don't see any other reason why we should be anticipate all time high each time we have a dip market, slthia halving witnessed a massive market sell off and investors took advantage of that opportunity to buy bitcoin at a discounted price, so if I when any I will definitely take advantage of such offer to buy more bitcoin at a cheaper price and waiting for the right time to sell off and cash out on the profits.
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macson
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April 26, 2024, 09:47:37 PM |
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With the information I gathered about cryptocurrency, I had interest and decided to buy some coins. Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline. I do not know how soon they will begin to rise again.
After the Bitcoin halving and Bitcoin ETF has passed, we cannot be sure when Bitcoin will rally again, we need big news to pump up Bitcoin prices again. as long as you don't sell the coins you bought at a loss, then don't worry, you don't lose anything, currently, the Bitcoin halving has passed, we have entered a saturated market and i predict it will take quite a long time to return to the bull market so that's what you need to do now is be patient and keep accumulating your portfolio consistently every month.
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taufik123
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April 26, 2024, 09:53:54 PM |
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It depends on which coin you buy, if you buy the top coin then there is nothing to worry about, it will rise over time when the market has improved. Now that we are still in a bull market, just have to wait for the next bullish.
Most importantly, when you decide to buy some coins, whether you have already implemented fund management for the purchase. If you make a purchase with a few percent of your money and still have reserves, then that will be good news because you can buy again gradually as the decline continues.
It is important to know how to carry out fund management and risk management. Now if the price keeps falling, and you hold the top coins like Bitcoin or ETH, then you just need to be patient and there is no need to panic.
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EL MOHA
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April 26, 2024, 09:55:38 PM |
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With the information I gathered about cryptocurrency, I had interest and decided to buy some coins. Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline. I do not know how soon they will begin to rise again.
The narrative you got about this year been the best year to invest might be quite misleading, yes the halving happened this year and before and immediately after it there is a dump and it’s one of the best time to buy. Then after the halving the narrative that bitcoin and cryptocurrency market at large increases is not that wrong but the reality is there is no specific time as to know when the bull run will come. So any one saying this year is not entirely correct because we might still be under consolidation or say correction. So as you have been patient coming all the way, my advice would is to continue and hold your coins and take profits when they come, for now nobody is certain on the bull run, all the prices are just speculations base on past history
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Dr.Bitcoin_Strange
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April 26, 2024, 10:07:21 PM |
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With the information I gathered about cryptocurrency, I had interest and decided to buy some coins. Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline. I do not know how soon they will begin to rise again.
The best time to invest in Bitcoin is during the bear market, and back in 2022 through the early months of 2023, the Bitcoin price was around $20k to $30k+, and if you had invested in Bitcoin back then, you would have accumulated a lot of profit by now due to how Bitcoin has gone from $20k to $70k between last month and this month. If you are also referring to altcoins, yes, some token normally uses the influence of the Bitcoin halving to pump, and by next year, it's expected that Bitcoin will reach its peak price of about $90k to $100k+, and by then some altcoins are going to pump. Just pray that the altcoins you are holding are among the ones to get pumped. Altcoins projects use a pump and dump mechanism, and if you are not lucky enough, you may lose your investment.
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SatoPrincess
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April 26, 2024, 10:20:52 PM |
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What coins did you buy? I hope you can clarify for us because most of the comments assume that you bought Bitcoin but I don’t think that’s the case. IMO, you probably bought some altcoins, did you do your research before buying these coins? A lot of these coins are pump and dump coins, I wouldn’t recommend hodling them for long term. Unless you’re a crypto trader, you should stay away from altcoins.
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Orpichukwu
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April 26, 2024, 10:27:08 PM |
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We can't predict the exact time when we will see BTC achieve an all-time high. The market these days is just moving in an unpredictable direction, but one thing that I know is certain is that we might likely see Bitcoin break up to $80,000 before the end of the month of May, which we are approaching. But most times, it's just better to accept the high expectations of our minds and focus on other things. It's the crypto market, after all. We all signed up for the up-and-down movement we are seeing today. It's never said to be all-sided growth with a fall in the market.
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Obim34
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April 26, 2024, 10:46:03 PM |
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Just like every users had said, the only option is to continue holding your assets. This you said Crytpocurrency now I am no longer sure it is exactly Bitcoin you bought, nevertheless if you did your research very well before investing then there is no need to panic wether the price keeps decreasing for a while just be rest assured that the market both Bitcoin and most Altcoin will certainly begin to hit new price mark. If your investment is on Bitcoin I would advice you to keep on purchasing, now is not confidently the best but as well not the wrong time to buy, we still have a long bull run ahead.
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serjent05
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April 26, 2024, 10:46:53 PM |
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I do not know how soon they will begin to rise again.
Don't worry the Bitcoin price will rise again when the demand exceeds the supply. According to the Bitcoin history, it takes some months after the halving for the market to pick up and start to uptrend. The Bull run lasted for some months until it recorded ATH and started to transition to the bear market. Many expect that Bitcoin's new ATH for this cycle will be recorded in 2025, where the price of Bitcoin is expected to exceed $200k.
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tvplus006
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April 26, 2024, 11:11:09 PM |
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...was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. ..
The best time to invest is when the market is at the bottom. This means that you had to buy cryptocurrency at the end of 2022 in order to fix your profit in parts now. It was at that time that Bitcoin reached its minimum price in this cycle and, accordingly, at the same time, altcoins also had a minimum price. But you did not buy then, and now, when the price of many coins has increased several times, you have decided to buy them.
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Coyster
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April 26, 2024, 11:35:17 PM |
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I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline. I do not know how soon they will begin to rise again.
What coins did you buy, you did not mention the coins you bought, neither did you say you bought bitcoins. So i am guessing you bought some altcoins, and because altcoins have no actual utility, you'd be luckly to get any sort of ROI on them. That being said, if Bitcoin is part of your portfolio, then you have to be patient, if you were told it's a get rich quick scheme, then you have been lied to, hodl your coins and if possible buy more when there is a dip in price.
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