What can you do aside from sitting and waiting

[fuguebtc]

Finally, a declining market is not a period to sit back and do nothing, but it is a time to establish some ground. Strict savings, Bitcoin revenue, and more knowledge are essential. We need to change our attitude regarding downturns to long term opportunity.
DCA is an outstanding approach to making the price swings less emotional and enables us to build the positions on a consistent basis without the need to speculate on the market bottoms.

If you have no money, you can actually sit down and do nothing; it's not a must that you should buy at every dip. We can just hold, wait, and not allow the market drop to affect us by panic selling. We should already be aware of how the market moves as holders and not start learning about how to survive every market situation when it's already there.

I believe that except for newbies, any investor know that when the market declines, it is an opportunity. It is not a secret and if we know it, there is no reason why others do not. However, each person's financial and economic situation is different. Not everyone has idle money in the bank that can be used all the time. That's why not many people like it or they decide to do nothing when the market goes down.

There are people who do not buy or do anything because finances do not allow it, not because they dont know how to take advantage of opportunities

[Lucky_V]

Finally, a declining market is not a period to sit back and do nothing, but it is a time to establish some ground. Strict savings, Bitcoin revenue, and more knowledge are essential. We need to change our attitude regarding downturns to long term opportunity.
DCA is an outstanding approach to making the price swings less emotional and enables us to build the positions on a consistent basis without the need to speculate on the market bottoms.

If you have no money, you can actually sit down and do nothing; it's not a must that you should buy at every dip. We can just hold, wait, and not allow the market drop to affect us by panic selling. We should already be aware of how the market moves as holders and not start learning about how to survive every market situation when it's already there.

I believe that except for newbies, any investor know that when the market declines, it is an opportunity. It is not a secret and if we know it, there is no reason why others do not. However, each person's financial and economic situation is different. Not everyone has idle money in the bank that can be used all the time. That's why not many people like it or they decide to do nothing when the market goes down.

There are people who do not buy or do anything because finances do not allow it, not because they dont know how to take advantage of opportunities

For financially challenged person there can do nothing but if you're in the position to grab this golden opportunity of bitcoin dip there's no better time to grab it than now ,many of us had spare money when bitcoin was $15k and now where regretting and hoping that this era won't escape from us without benefiting us .so dont  wait hopping bitcoin is going to hit $15k ever again so grab Ur opportunity and invest now .
The worst place to be is the regret zone and it's not far from where someone who as refuses to invest now will be .

[Bobrox]

I believe that except for newbies, any investor know that when the market declines, it is an opportunity. It is not a secret and if we know it, there is no reason why others do not. However, each person's financial and economic situation is different. Not everyone has idle money in the bank that can be used all the time. That's why not many people like it or they decide to do nothing when the market goes down.

There are people who do not buy or do anything because finances do not allow it, not because they dont know how to take advantage of opportunities

Great moment waiting for by many investor when market decline to buy back bitcoin and not worry or panic during the downtrend price of bitcoin, its greatest opportunity waiting for and won't loss that moment to buy as much as possibility. Personally is not easy for the beginner or new comer in cryptocurrency with small fund to deposit difference investor have much money and always have free money to buy back bitcoin during at lower price.

If your are investing in bitcoin with small fund manage well the capital not all in invest in bitcoin, left few percent the capital to buy back if market decline and you don't loss great opportunity when bitcoin at lower price to invest more.

[wozzek23]

Sometimes is not always save running after fast pay investment because must time it back fired, Bitcoin shouldn't be seen or considered as a fast means of making money because is not and shouldn't be approach that way,  however their are lot of online traps sprayed all over the internet space waiting for some greedy folks that are all out looking for any possibly means in making money, which am pretty sure they will be the once to fall victim of it.

However, if you must invest in Bitcoin investment then I suggest you choose the long term plan because that is were you experience absolutely peace in your investment plan.

It will back fire on us if we are not prepared like what he was talking there. By prepared, we should have a back up fund for us to not touched our investment and then we must study the thing that we are venturing first. Bitcoin is a highly volatile coin, so it is possible for one to use it to earn quick profits, whether it is through short-term investment or trading.

Investing in our own is not that hard at all, so it is sad that one will fall on the scammers hand and lose their hard-earned money quickly. That is more saddening than if they lost it on their own but either way, that should have taught them a valuable lesson and try to not repeat the same mistakes again.

[Jostern]

If I should be asking you that created this thread, why are you sitting and waiting? Is it that you’re waiting for the price of bitcoin to come down before you can start buying bitcoin, or you don’t know that you can start buying and accumulating bitcoin, immediately as you have a discretionary income, because the only reason why I think an individual would be thinking before getting started with bitcoin is because you have a different mindset and motive which is waiting for bitcoin price to come down, and the person who wants to invest in bitcoin also have a trading mindset of buying and selling bitcoin as soon as they come across profits, if definitely you are investing in bitcoin with the mindset of holding for a long term instead of short term, you will not be waiting for a price dip or waiting for whatever market price dip and conditions before you can buy bitcoin.

[Samlucky O]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

When market is down, if you have money you just need to buy the dip, it is very important, atleast it will help you to increase your accumulation level, thereby becoming more profitable in the future.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin.

You don't necessarily need to find a job that pays in Bitcoin, but you can find a job that pays in Fiat and you buy Bitcoin. It's not too hard like that. Looking for job that pays in Bitcoin can be difficult

[Proty]

If I should be asking you that created this thread, why are you sitting and waiting? Is it that you’re waiting for the price of bitcoin to come down before you can start buying bitcoin, or you don’t know that you can start buying and accumulating bitcoin, immediately as you have a discretionary income, because the only reason why I think an individual would be thinking before getting started with bitcoin is because you have a different mindset and motive which is waiting for bitcoin price to come down, and the person who wants to invest in bitcoin also have a trading mindset of buying and selling bitcoin as soon as they come across profits, if definitely you are investing in bitcoin with the mindset of holding for a long term instead of short term, you will not be waiting for a price dip or waiting for whatever market price dip and conditions before you can buy bitcoin.

I think what he actually meant is to use buying the dip strategy which this strategy isn't good for a low coin or no coiner. Consistency is very important in building up a good portfolio in bitcoin. Waiting for a dip to occur or waiting for a desire dip isn't a good idea as they will miss out in market opportunities. So the best advise for the OP is to continue buying as long the discretionary income is there instead of to sit and be waiting for a decline or a dip to occur.

[Juicyhome]

If I should be asking you that created this thread, why are you sitting and waiting? Is it that you’re waiting for the price of bitcoin to come down before you can start buying bitcoin, or you don’t know that you can start buying and accumulating bitcoin, immediately as you have a discretionary income, because the only reason why I think an individual would be thinking before getting started with bitcoin is because you have a different mindset and motive which is waiting for bitcoin price to come down, and the person who wants to invest in bitcoin also have a trading mindset of buying and selling bitcoin as soon as they come across profits, if definitely you are investing in bitcoin with the mindset of holding for a long term instead of short term, you will not be waiting for a price dip or waiting for whatever market price dip and conditions before you can buy bitcoin.

You're right, when you wait for price to dip before you buy you will miss out, we still in the early stage of Bitcoin, Bitcoin is the future of money and we're Still privileged to have it this low, in the next 20years Bitcoin will be so high and difficult to buy.

The main issue affecting Bitcoin investment is poverty, many are poor to buy, they have the knowledge and believe in Bitcoin development but no funds to invest, the rich are taken advantage of this dip to accumulate more while the poor keep missing out. It's really sad when you don't have money to invest in something your believe in, that's why many are waiting and sitting til they have enough money to invest in Bitcoin, not for the price.

[Dave1]

If I should be asking you that created this thread, why are you sitting and waiting? Is it that you’re waiting for the price of bitcoin to come down before you can start buying bitcoin, or you don’t know that you can start buying and accumulating bitcoin, immediately as you have a discretionary income, because the only reason why I think an individual would be thinking before getting started with bitcoin is because you have a different mindset and motive which is waiting for bitcoin price to come down, and the person who wants to invest in bitcoin also have a trading mindset of buying and selling bitcoin as soon as they come across profits, if definitely you are investing in bitcoin with the mindset of holding for a long term instead of short term, you will not be waiting for a price dip or waiting for whatever market price dip and conditions before you can buy bitcoin.

I think what he actually meant is to use buying the dip strategy which this strategy isn't good for a low coin or no coiner. Consistency is very important in building up a good portfolio in bitcoin. Waiting for a dip to occur or waiting for a desire dip isn't a good idea as they will miss out in market opportunities. So the best advise for the OP is to continue buying as long the discretionary income is there instead of to sit and be waiting for a decline or a dip to occur.

Yes, for experience investors, they said that there are no right time to buy Bitcoin, you can buy it anytime you want, you don't need to time the market as no one can see the future specially when it's going to go nose dive or reach the lowest low for a certain cycle.

That's why the best thing is to really do DCA, as this is the well known strategy and being promoted in this community by most senior members here. You don't need to time the market but being consistent on buying months after months until you build your portfolio.

[ancafe]

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins. Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

Every step we take can impact our consistency and we need to find a way to avoid just sitting and waiting. DCA has become very familiar among investors and they constantly adjust their strategies to accumulate average purchase costs. Afterward we can work as usual to earn money, allowing us to use the money we earn to buy Bitcoin, either using DCA or waiting for the process to decrease to accumulate a slightly larger amount.

If there's a side job that pays us in Bitcoin, that's even better as this could also be part of the DCA process, allowing us to save the salary in Bitcoin as part of our investment. There are many ways we can implement this and the most important thing is to consistently accumulate so that our assets continue to grow and develop over the long term.

[Out of mind]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

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I think when the market is in a recession, if you have money, you should not wait to buy more and hold them. If the market goes up again while waiting, you will miss the opportunity, so I think it is best to buy with DCA. One of the most important strategies is to use DCA, of course, losses can be prevented and there will be a possibility of high profits. In my opinion, you should always keep an eye on the market in which direction the market is moving, and you need to analyze it well so that you can choose the best time to invest. However, if someone thinks that the market is in a recession, then he will definitely be wrong because if the market is down, there is a high possibility of going up later. In that case, it is best to use the DCA strategy instead of waiting and this strategy is the best for investment and reduces the risk of loss.