It's true, these corrections are normal and if it goes through a bear market and there's a confirmation about it. We can say still the same thing that this correction is nothing to worry about.
Long or short, if you're an investor you know when the right time to get an entry and if you're not going to waste any moment from doing it.
You will not ask someone if it's the right time to buy because you have an idea when it should be done.
Even though you're right, there is still nothing wrong in asking and taking opinions from other people when it comes to such matters, after all, the decision will be yours, of course, but as they say, you should always take advice and suggestions from others and then evaluate all of them and finally make your decision based on the results of your analysis and your personal thinking about the matter. When we are making an investment, it's better if we discuss it with the community about what they think of making an investment at the current market price, and then see what others have to say.
Having knowledge is a blessing, for sure, but if knowledge from more people is combined, it becomes even better because then it becomes a combination of ideologies for a singular matter, which makes it easier for the decider to choose what is the best option amongst all. So, I agree that it's better for someone to have enough knowledge to understand what is the best time to make an entry in the market, but having a constructive discussion with your community mates might give you a better idea of how you should do it.
Yes, I agree that there's nothing wrong asking for people's opinion about the status of the market. But there are some people, that asks questions and opinions of their take about the market and what they're doing.
Little did these people know, they're being copied by these people who have asked for tips and when things get wrong, they're blaming the person they have asked for it.
I think the lesson is that we ask, and gather information and take as much as the good information and thoughts on what we must do because it's still us that will decide on how we'll react in the current market's situation or do nothing while watching it.
It isn't only corrections, it is clear that we are in the bearish market. What confirmation that we need to wait for? I'm sure everything is clear enough, what we are waiting for is the bottom price. It is quite difficult to determine it since there is no certain calculation to ensure it. Well, you are right, we shouldn't be worried because this won't last forever. There will be another bullish market again in the future. Even if it is in bearish season, there will be always pump and dump in BTC price.
Like if it goes deeper under $50k, others won't be convinced that we're already in it. And that's why they're waiting for more price confirmation if it gets below some threshold or price they set.
Do analysis! It is the way to know the right time for entry. If he is an experienced investor, he won't be difficult to it. Each investor must have good ability in TA and FA. This is a requirement for being a proper investor.
I agree, analysis or knowledge on how the market is going is one way to know if it's the right time. But there are some exceptions about it.
When you've got the money and you're thinking long, do it and accumulate since the cycle that we're in right now is a perfect timing to get in.
Agree. Each investor has their own way to determine the entry time. It is related to the goal and the strategy in their investment, too. So, we should determine it ourselves. Also, we can't solely trust other people suggestion since it may not work for our investment style. Some of them also may not advice properly, too.
That's what I am saying.
It's okay to ask but don't rely your entire decision because someone has tipped you what to do. You still need to make your own evaluations and analysis of the market.
