Buying Bitcoin During Fear Has Outperformed Buying During Comfort.

[Jubilee58]

During Fear or bitcoin market crash, the price of bitcoin drop drastically, and sometimes you see the price of bitcoin decline down to 70% to 80%. At this point, you also hear news in the internet saying Bitcoin will decline to zero, and you see the weak investors selling their bitcoin asset in panic while the strong investors buy at this very moment when the price of bitcoin crashes.
When it comes to bitcoin investing you must exercise patience, and ignore the noise before you will able to make good return.

For instance, as at the year 2020 during the CVID, Bitcoin price crashed drastically, and there was fear everywhere, and Bitcoin price crashed to about $3000 or there about, but by the month of November 2021, bitcoin hit an astonishing price $69000.

Those who need comfort in bitcoin investing buy at the top, while strong investors buy when there is fear .
In Bitcoin investing, the best profit can be made when you buy bitcoin when it felt the bitcoin market is in the worst situation.

What is your take on this?

[Hypnotizer]

Buying the dip has proven to be profitable but most people still do panic when they see a big dip and a continuous lines of red candies and that’s why the bear season might last long.

Good investment involves a lot, people on this forum have said this countless time and we’ve also seen it with our eyes but still some people don’t trust that bitcoin will recover and when it does they began regretting the opportunity they missed and begin hoping for another dip to enter the market, yet if there’s another dip they’ll still be the same people that wouldn’t buy.

Bitcoin has good potential and it has proven its Crit wrong on countless event and the “weak” investors who panic and exits the market when its red need to understand that the people that get profits from bitcoin investment aren’t “lucky” they saw opportunities and even though it seems somehow impossible at some point, they still grabbed it.

[DiMarxist]

It's called cashing in on the dip if you ask me, because real investors who understands how Bitcoin works especially it's long term rewards system. Buys when the price is down and when there is a panic in the market, this offers investors with the opportunity to even buy at a lower price because when ever there is a Panic in the market the price goes down drastically and intelligent investors use this time to their advantage.

[Callido]

We have gone past that stage of convincing people to hold on to bitcoin, its now about an individual perspective and analysis of the bitcoin market. Bitcoin does not need weak or scared investors, at whatever point in investing in bitcoin it should be about understanding the concept of bitcoin and the regular bearish periods that come with it.

Bitcoin has seen more worst times than this and many still held on to it, and those people never regretted their decision. It could be a hard time right now but its only a setback for more geater bullish run, we could watch to see how it unfolds.

[EL MOHA]

It's called cashing in on the dip if you ask me, because real investors who understands how Bitcoin works especially it's long term rewards system. Buys when the price is down and when there is a panic in the market, this offers investors with the opportunity to even buy at a lower price because when ever there is a Panic in the market the price goes down drastically and intelligent investors use this time to their advantage.

There is something about every investment and that is investing early, once you’re able to invest early you have an edge over the other investors who come later. This investing early doesn’t only means when the investment was at his beta stage but also during dips because it is during dips that you see many people getting scared and for any asset you have done your research on and have conviction about you jump in when there is fear in the market because by the time everyone is already into it you miss that advantage of getting more.

Yes DCA is my preferred investment strategy but also keeping aside some certain amount of money to buy the bitcoin dip is also a strategy one should add to his DCA strategy because there are certain market prices that can be revisited by the dip, missing out on them might be big blow except you don’t have money and you don’t need to borrow because it’s a bad act.

I agree with the  investing when people are afraid (fear)
Take caution when the market is greedy

[Webutxo]

For instance, as at the year 2020 during the CVID, Bitcoin price crashed drastically, and there was fear everywhere, and Bitcoin price crashed to about $3000 or there about, but by the month of November 2021, bitcoin hit an astonishing price $69000.

Those who need comfort in bitcoin investing buy at the top, while strong investors buy when there is fear .
In Bitcoin investing, the best profit can be made when you buy bitcoin when it felt the bitcoin market is in the worst situation.

What is your take on this?

I'm not sure if we are going to experience the 2020 covid market crash, it wants only Bitcoin, it did happened to different market including the stock market and because it was as a result of fall fear and doubt immediately everyone knew that it wasn't necessary for the fear, they went back and investors that has money went into Bitcoin investment and has never for one sell, some sold but majorly are still holding their Bitcoin investment.

What looks good is determine by patience, you can't get an excellent result with Bitcoin without been a patience person, those people that panic and sold because other people were selling will be in regret right now, because within their eye, the market went as low as possible and when it revive, it makes moves that are worse than previous place they fear.

[gracreavix]

Even as fear is present as an opportunity, most people don't take advantage of it. At the end, it's only the few that profit from peoples fear. The thing is that people know that fear creates opportunities and they don't make use of it. The problem is that fear blinds anyone from seeing the opportunity, but when one looks beyond that fear the opportunity becomes clearer. The most difficult thing is looking over that fear. That's the difficult part.

 Even with that opportunity, you have to be financially prepared for it. Most people are not that ready. And those that are ready buy when the atmosphere is at comfort. Even with all this, buying when everywhere is tense is one of the hardest thing. Your psychology can get messed up quickly. That's why building discretionary income is necessary.

Moreover, Comfort really is the enemy of progress. With comfort many people make delayed decisions or late decisions rather.

[CryptoGirl_200x]

For instance, as at the year 2020 during the CVID, Bitcoin price crashed drastically, and there was fear everywhere, and Bitcoin price crashed to about $3000 or there about, but by the month of November 2021, bitcoin hit an astonishing price $69000.

Those who need comfort in bitcoin investing buy at the top, while strong investors buy when there is fear .
In Bitcoin investing, the best profit can be made when you buy bitcoin when it felt the bitcoin market is in the worst situation.

What is your take on this?

Buying bitcoin when the price is down is surely the best way to make the most profit, but I think this strategy is not limited to bitcoin alone, it's a strategy that works well for almost every asset in the financial market, especially the already established and strong ones like gold, silver and the rest.
And there is a difference between buying when the price of low and buying when the price is high, and the difference is that those who buy when the price is low are the patient ones, those who are ready to hold bitcoin for the long term, but those who usually will buy at the top are mostly short term traders who fomo into the asset in a bid to catch some quick profit, and the thing is, sometimes, this short term traders actually make some money, but most times, it's usually a loss, but those who win always are those who buy low, apply patience and wait until it's a bitcoin bull season.

[Versatile_choice]

because real investors who understands how Bitcoin works especially it's long term rewards system. Buys when the price is down and when there is a panic in the market, this offers investors with the opportunity to even buy at a lower price because when ever there is a Panic in the market the price goes down drastically and intelligent investors use this time to their advantage.

I largely disagree with you on that, real investors don't wait for dip before buying bitcoin. Real Investors make use of the regular DCAing at the same time waiting to buy the dip, when the dip comes, they will have to be more aggressive. Any Investor that is waiting to buy the dip  is not a real Investor, likely a trader. Because it is only traders that buy when there's dip and then sell when the price goes up. While Investors don't wait for dip to happen before buying since they don't intend to buy and sell back when they figure out that they are in profit but to invest for the future, even though they are going to sell, it is when they must have reach their target.

[Creeper0]

These risk takers are basically called investors. For those who have a long-term investment mindset and have been able to believe in Bitcoin by knowing it well, the falling market is a healthy time. I used to pray every time I bought that Bitcoin would return to $1k, then I would get the opportunity to buy a few Bitcoins at once. Later, when the price would return, it would be very happy to see the fund. However, this is no longer possible.

Buying at the highest price will be the main reason for fear. Because after a few days, when the market goes down, your fear or panic will increase. In the illusion of wealth, the surrounding noise will increase your fear. But when you buy in the market of the dip? Later, you will profit more than others in the bullish market. Since the price of Bitcoin is unpredictable and unstable, so stay active with the market by investing regularly (DCA) to catch this falling market. Even in a deep market, your fund will have less losses due to average buying.

[Stable090]

During Fear or bitcoin market crash, the price of bitcoin drop drastically, and sometimes you see the price of bitcoin decline down to 70% to 80%. At this point, you also hear news in the internet saying Bitcoin will decline to zero, and you see the weak investors selling their bitcoin asset in panic while the strong investors buy at this very moment when the price of bitcoin crashes.

When u see say bitcoin price Dey drop na him u go Dey see different bad news, na that time u go Dey see people dey talk say bitcoin Dey go zero, Dey go come dey create fear for people mind wey go push some people to sell d bitcoin wey dem Dey hold back. I no sure say bitcoin go Dey dump, people wey don Dey market for some time go come Dey panic, na newbies go Dey panic, and I no go really blame dem because e no easy make u Dey see ur money Dey drop, and u never really Dey use to d system yet.

We suppose know say if bitcoin price Dey dump, na that time we suppose even Dey buy self, because e go just be like say na discount price u Dey buy am. Instead of pancing, we suppose Dey use d opportunity Dey pack more bitcoin. If u Dey invest in bitcoin, u suppose just overlook everything wey dem Dey talk for social media because if ur mind Dey, e go just Dey create fear for ur body.

[CryptopreneurBrainboss]

Buying bitcoin when the price is down is surely the best way to make the most profit, but I think this strategy is not limited to bitcoin alone, it's a strategy that works well for almost every asset in the financial market, especially the already established and strong ones like gold, silver and the rest.

Obviously, this strategy works perfectly for anything investing. Buying during comfort equals to buying at the top while buying during fear equals to buying when others are selling and the best way to accumulate any valuable asset is when people are selling. You get a discount  both on price and quantity of any asset that you want to buy during this time and that is why its always out perform the FOMO period. Besides, the FOMO period does not last long in comparison to the bear period. When investing into an asset like Bitcoin you have to think properly before making your decision on either choosing to chase the hype or play it safe by accumulating when others are selling as the decision you take matters a lot if you come out successful or end up regretting your decisions.

[Samlucky O]

During Fear or bitcoin market crash, the price of bitcoin drop drastically, and sometimes you see the price of bitcoin decline down to 70% to 80%. At this point, you also hear news in the internet saying Bitcoin will decline to zero, and you see the weak investors selling their bitcoin asset in panic while the strong investors buy at this very moment when the price of bitcoin crashes.
When it comes to bitcoin investing you must exercise patience, and ignore the noise before you will able to make good return.

I agree with you that weak investors sell Bitcoin out of panic with just a meer speculation, but buying Bitcoin when the price is low doesn't make a person a strong investor. A strong and smart investor doesn't care about the rise and fall of Bitcoin price, but they utilize every opportunity, be it buying the dip, lump sum and or DCA. Expecialy the DCA, its an amazing buying strategy that helps you accumulate as much as many Bitcoin as possible without the need of panic or being afraid of the perfect time to buy or not.

For instance, as at the year 2020 during the CVID, Bitcoin price crashed drastically, and there was fear everywhere, and Bitcoin price crashed to about $3000 or there about, but by the month of November 2021, bitcoin hit an astonishing price $69000.

Yeah actually Bitcoin all time low 2020 was around $4k plus but not $3k, and the reason was because of the pandemic, it created a lot of tension that made many sell their Bitcoin since everyone was on lockdown and can't work anymore. The only thing they could do is to sell their Bitcoin to survive,  and that was the major cause of that decline because sell order was higher than buying order. But around 2021 the pandemic was no more Strong and people started working and buying back again, and it increased the price of Bitcoin. I believe that was the major cause of that decline. But don't expect to see Bitcoin that low again.

[Nightwatchmare]

Buying Bitcoin when the price is down and buying regularly is good, but your mindset is what really determine if you are going to wait for the price of Bitcoin to decline before you are going to buy or if you are going to buy regularly no matter the price of Bitcoin. For example, if your mindset is to buy Bitcoin and sell back immediately when the price raises then buying Bitcoin when the price is down is the method for you to adopt but if your mindset is to hold Bitcoin for a very long time, buying regularly with dca is the method you should adopt as it allows you to consistently buy Bitcoin anytime your discretionary income is ready and it also gives you the chance to accumulate a reasonable amount of Bitcoin if you are consistent.

[Felicity_Tide]

~snip
In Bitcoin investing, the best profit can be made when you buy bitcoin when it felt the bitcoin market is in the worst situation.

What is your take on this?

And what's your definition of 'worst situation', or is it possible to know when to know/expect this worst situation to happen?.
Imo, it's always difficult to identify worst situations because they barely present themselves or even notify the people. Take for example, the price decline that happened sometime in October and extended to November last year. It was unexpected because Bitcoin price had recently created a new ATH_{($126K I guess)}. Most people were still buying and anticipating for a new price until that decline happened.

So, what am I trying to say here?... People barely anticipate for terrible situations, so they barely save for moments like that. Rather than holding on to a few bucks while waiting for the 'worst situation', you can just DCA with what you have, and hodl.

[Hyphen(-)]

Those who need comfort in bitcoin investing buy at the top, while strong investors buy when there is fear .
In Bitcoin investing, the best profit can be made when you buy bitcoin when it felt the bitcoin market is in the worst situation.

What is your take on this?

Bitcoin investment needs comfort, you don’t need to panic when you buy Bitcoin to hold that is why you need to believe in what you investing in; and for Bitcoin, understanding it means learning about Bitcoin, how it works, and what’s its main aim of creation, if you understand everything then you can value Bitcoin when you buy to hold, but if you don’t understand the concept of Bitcoin and maybe don’t trust Bitcoin, you will be among the panic sell investors who sell once the market drops drastically.

In a long run, the long term investors made more profit that short term investors of Bitcoin, this has driven to a conclusion that long term investors always make profit from Bitcoin investment more than short term investors.

[Asiska02]

For instance, as at the year 2020 during the CVID, Bitcoin price crashed drastically, and there was fear everywhere, and Bitcoin price crashed to about $3000 or there about, but by the month of November 2021, bitcoin hit an astonishing price $69000.

This was amongst the year that bitcoin got even more accepted. From $3000 to an astonishing all time high of $69000 within 20months, it could only be Bitcoin. Since then, massive trust in the asset arose and more investors are feeling more convinced and confidence in their investment in bitcoin since then till now. Nevertheless, some people are still sceptical about it, but that’s didn’t stop the interest of investing into bitcoin more.

Those who need comfort in bitcoin investing buy at the top, while strong investors buy when there is fear .
In Bitcoin investing, the best profit can be made when you buy bitcoin when it felt the bitcoin market is in the worst situation.

What is your take on this?

During fear in the market is the time when the risk of the market is very high and you can’t get to enter the market at a better price than that. At this stage, only strong and convinced investors are willing to pay for the price and take the risk of investing at that time. In that period, you’ll find more people selling and few people buying.  With bitcoin investment, it takes strong conviction to be able to actually live up with the market in the good and bad times it experiences every cycle.