Most people are playing the wrong Bitcoin game

[KiaKia]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

How many people have you seen checking the charts every five minutes? I've never seen such person before although I know they exist but these are the type of people that are completely new to Bitcoin.

People are already buying and holding Bitcoin all thanks to DCA strategy that's been discussed on here so many times already, people who mostly watch the charts like no tomorrow are probably traders.

There are some investors who also like risking money they can't afford to lose, it's possible that they will keep checking their moneys for quick money grab but 5 minutes sounds too over exaggerating don't you think?

[Sunshine1525]

(Snip)

How many people have you seen checking the charts every five minutes? I've never seen such person before although I know they exist but these are the type of people that are completely new to Bitcoin.

People are already buying and holding Bitcoin all thanks to DCA strategy that's been discussed on here so many times already, people who mostly watch the charts like no tomorrow are probably traders.

Do not forget that there are people who still trade with Bitcoin so i believe anyone who does that is a trader and not a holder, people who hold longer have no reason to monitor charts now and then cause their reward is in the future and not quick profit hunters so anyone who claims to be holding but constantly monitoring charts is either unserious or confused.

There are some investors who also like risking money they can't afford to lose, it's possible that they will keep checking their moneys for quick money grab but 5 minutes sounds too over exaggerating don't you think?

Yes because lately there's trading bots that can help people monitor their trades while they get busy with other stuffs expect maybe people who do it themselves can't afford paying for the bots or don't trust the bots that are free, but being consistent every 5 mins is an exaggeration i don't believe someone can be that consistent in monitoring charts.

[Pablo-wood]

As long as the skill to time the market is there then one can use it to their advantage. The aim to stacking bitcoin is to make profit on a long run so if I can predict a better opportunity and I am certain my odds are high then I don't think I will be willing to let it sleep off.

In a case where there is no technical skill as to when the market is ripe enough to invest then the simplest approach becomes the best route. Be it  as it may we are all investing for one common purpose which is to make good returns on the long run.

[Nothingtodo]

I agree that if those questions were put to me, all the answers I provided would be subjective in nature. But not everyone shares my mindset, people come from different backgrounds, take some of the broski in my circle, for instance. Most of them simply believe that BTC is nothing more than a vehicle for speculation. Therefore, they mostly engage in trading & seize short-term opportunities, they do not believe in the future of BTC.

Neither I nor the rest of us should blame them, because it was their choice. Ultimately, we will see who is grateful & who regrets not believing in the future of BTC, it is only a matter of time.

There were many people in 2010 who did not believe in Bitcoin and did not believe in the future of Bitcoin, but they regretted it in 2011. Those who did not believe in 2018, but regretted it in 2021. Those who do not believe in Bitcoin right now in 2026 and are not serious about the future of Bitcoin will regret it in 2030 just like they do now. Believing in Bitcoin or not is only a personal decision of a person. No one can force anyone to believe it. Like your friends, I have some members in my family who do not believe in Bitcoin, but always have face-to-face arguments with me about Bitcoin. But I do not want to make them believe it either. In the future, I will also be able to answer their arguments face to face and share their regrets with them that day.

[Compromise me]

No one know when the time the top or bottom of Bitcoin, they are speculating the price moves without knowing the real. I agree that we have to stack sats then log off and no need to check the charts every five minutes. That will helps you to stay away from confusing the market moves. DCA method will be the way for you to buy Bitcoin and considering that is perhaps makes you boring doing that weekly or monthly. But if you want to make a profit from Bitcoin investment in the future, you should buy gradually.

So we analyze the price around it and it is sometimes right and sometimes wrong. If someone knew the price of Bitcoin, it means that Bitcoin has ended up decentralized and that is why people are satisfied. If we are investing for a long time, I think it is not needed, but if we are in trading, then we will need it a lot, but still, high pressure works for loss in Bitcoin. We have to know the analysis of Bitcoin with peace of mind so that we do not make any mistakes. Those who are more nervous and do not have much capital, this work is better for them and they definitely adopt it because they are getting benefit from it. Whenever Bitcoin gives us profit, we will not get bored but will be busy and will collect more capital and add it to it.

[M47AK16]

Most people are trying to time the top or bottom of Bitcoin .

Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Just like some others have already said, there is nothing wrong in trying to time the bottom or the top in a cycle, what's wrong is never buying or selling and waiting specifically for that single point where you would buy or sell because this can make you lose very good opportunities. I think the biggest example I can give is the recent bull run, where Bitcoin touched $126k, and some people didn't even take profit at that point because they thought it's not the top and Bitcoin is going to go $150k or higher, but soon after that, it crashed badly, and then the same people couldn't even get to take profit above $100k, so they lost the opportunity, and most of them must still be waiting.

The same thing can happen with those who are willing to buy but aren't doing it because they believe the bottom is not here yet, and they will buy only when the price is just around the bottom because you can obviously not time it perfectly. However, it is better if such people basically buy at least some with whatever money they have, like buy with 30% and keep 70% for later in case the price goes down, because if it doesn't go down from there, you would at least have some bitcoins that you can sell when the price goes up, which is a win-win situation for any investor despite their profits not being higher because they didn't invest everything, but something is better than nothing, right?

[UmerIdrees]

How many people have you seen checking the charts every five minutes? I've never seen such person before although I know they exist but these are the type of people that are completely new to Bitcoin.

People are already buying and holding Bitcoin all thanks to DCA strategy that's been discussed on here so many times already, people who mostly watch the charts like no tomorrow are probably traders.

There are some investors who also like risking money they can't afford to lose, it's possible that they will keep checking their moneys for quick money grab but 5 minutes sounds too over exaggerating don't you think?

5 minutes is just clickbait, but even if someone checks the charts every hour or every four hours, it means their vision for Bitcoin is very short-term, and in most cases, that is not good for making better profits. People who take loans for investment in Bitcoin or they put more money in bitcoin than they can afford are the ones, who usually get panic on price movements.

I know people who are always looking at the Bitcoin chart, but those are day traders who want short-term profits, and it's essential for them to stay active on the charts.

[Maslate]

Those who are investing in bitcoin for short term only and expect quick profits after are only those who will try to time the top and bottom of bitcoin price. Their decision-making relies on their emotions, and how they can easily make an income through spotting the top price and the bottom price. But we all know with bitcoin's high volatility, its hard to time the market, its hard to predict what will be the top and bottom price of bitcoin, it will only create confusion in the long run.

Just stick with DCA instead and focus on accumulating bitcoin for long term. You aren't here for instant profits, but you are here for long term profitability, hence DCA will make it work without putting some rush and pressure on your part.

[Dunamisx]

Most people are trying to time the top or bottom of Bitcoin .

Everyone you see taking one step all the other in Bitcoin investment is to enable them in his their chances of being profitable with Bitcoin investment, but they have forgotten that some of their most good actually be wrong, because it is very possible that we speculate and still landed at a wrong side, it doesn't work the way we thought of it in some cases while in some other circumstances, things really work out for some through the strategy adopted or used.

[Sanitough]

You can't tell those people to never check the market often, that's part of their routine especially if they are more price conscious. As long as they don't sell early, they won't be losing their funds. But if checking means selling every time the market is profitable, you won't be losing, but you will also lost the opportunity to grow the price of your coins and won't benefit from the future profits.

There's no wrong or right with playing the game, we just have to set our own choices and preferences where we can make wise moves and gain profitable outcome.

[AVE5]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Just know that day-to-day trading is also a branch of the journey that keeps the bitcoin market active too with the crazy moments associated with predicting the future performance of bitcoin price with the interest of making profits.
Traders are also impatient to hold in the longer time because they developed the prediction strategies as a means to make quick profits no matter how small the income. Believing that consistent winning no matter how small the profits could fetch them good amount of profits at the end of the day, week or months.
It's also not encouraged for everyone enthusiasts due to the high risks.
Hodling is far different which is also a strategy for investor's which their tasks is buying and holding for the long term without having to stress on prediction or manipulated over short term market performance.

[Patikno]

Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

The easiest way to invest is simply to set aside money for the long term; without needing to monitor it constantly. Bitcoin offers this kind of convenience; you do not need to worry about short-term volatility; you just simply need patience for the long haul. Think of it as saving for your later years, or your retirement. By that way, when you are no longer as productive (in terms of earning an income), the Bitcoin investment you have accumulated will prove invaluable to you in the future. The bottom line is, I agree with what the OP said; peace of mind belongs to those who believe in Bitcoin based on a solid foundation, or fundamentals.

[Solokan]

It's true that many people predict the highest and lowest prices for BTC, and this usually applies to those who enjoy trading btc or medium-term investments, such as buying BTC during a bear market and selling it during a bull market. However, in my opinion, that's a personal choice, and everyone has different techniques and methods for profiting from investing in btc or trading

However, for long-term investors, it's best to focus solely on accumulating btc and holding it for the long term. Checking charts too frequently is not a good idea for long-term investment, as there are times when you want to sell BTC when there's a small profit. Indeed, quite a few people who are successful in BTC investing often don't check the price, only checking it after they've held BTC for a long time and the price has risen significantly. However, I think this topic is excellent and will certainly be useful for those learning about btc investment

[Somegory]

DCA is indeed a good strategy.

However, if people are willing to invest a bit of time, I think they can still get a higher ROI simply recognizing patterns of panic sales and exaggerated FOMO phases, i.e. where Bitcoin seems to be overvalued and undervalued.

A good idea is for example to analyze the long term trend of Bitcoin, which can be followed by estimating the line between tops and bottoms. The 200 week average price (SMA 200w) is an indicator for this trend, but it lags a bit. So you could apply a mathematical formula making up for this lag as shown here. This "adjusted long term trend price" is now in the range of 85-95k. I quote the image from that thread:



For those liking to investigate a bit more there's an interesting post by the user @virginorange where he explains how to create a model to "win against the trend":

Dollar Cost Averaging - can we do better?

Call me crazy guy but let's be realistic for a sec, this chart shows that Bitcoin was never in a bear market, if we are to sit back and zoom out of the chart it's been a long journey of the bulls.

That's not a bearish chart from the start of Bitcoin life, a bearish chart is what ICP looks like, Bitcoin chart has every details that many people are missing, they always care about right now and not the whole picture.

This is why the whales will always win, they don't care about today, it's always about tomorrow into the future, I said what I said, Bitcoin only sees some retracements not bear, that chart is awesome 😎

[Saltysugar99]

You can't tell those people to never check the market often, that's part of their routine especially if they are more price conscious. As long as they don't sell early, they won't be losing their funds. But if checking means selling every time the market is profitable, you won't be losing, but you will also lost the opportunity to grow the price of your coins and won't benefit from the future profits.

There's no wrong or right with playing the game, we just have to set our own choices and preferences where we can make wise moves and gain profitable outcome.

I definitely agree with you that there is no need to force anyone in terms of investment. An investor will invest independently according to his condition. And Bitcoin has given him that freedom. And the habit of many is to see the price of Bitcoin every day, and just seeing the price is not create problem. But if someone starts changing his plan by looking at the price, then it create distribution long-term Bitcoin investment. The price of Bitcoin starts changing in a short time. If an investor changes his decision depending on every action of the price, then it will be seen that that person has bought and sold Bitcoin several times in a month. You are right, he can miss future growth. Also, if an investor buys at $60k and sells at $70k, he has made profit. But later if Bitcoin goes to $90k or $100k, he may not be able to buy the same amount of bitcoin with low price . But many people think after selling that they will buy Bitcoin at lower price. This type of trading type mentality creates many obstacles in Bitcoin holding. Investing with the wrong mindset is more likely to result in financial losses.

[Peanutswar]

[...]
Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.
[...]

Honestly there is not really the best strategy because we have different time frames, different obligations and different risk control so basically its up to you how you will seek for that strategy, others doing a test strategy until they found out what are the suitable one from them, I do not recommend a strategy that aint tested and implemented in the actual trade, better to test it out first in demo trading if ever its trade but if you have a DCA strategy for a long term this is one of the most effective in a long term basis. If you have a lot of time, you could get a lot of opportunity at the market if you have a higher exposure in market but if you dont have swing trade might be effective. You dont need to check the market all the time if you have a concreate plan with your investment.

[Barikui1]

@Lontor : Playing both sides kills the focus. DCA into Bitcoin keeps it simple without hedging against your own conviction.

When he is talking about playing both sides, I think he is talking about a situation whereby you can be accumulating consistently through the dca accumulating strategy, and while doing that you are keeping aside some reserve funds to purchase the dip, if it eventually comes, not that you are going to pause your accumulation and be waiting for the dip. I believe that it's a win win situation like that because if you are committed and everything is set out perfectly well, you cannot lose focus on your actual goal.

@Ambatman : Exactly. The roller-coaster is part of it, which is why stepping away beats trying to micro-manage every dip.

Holding your Bitcoin stash seems more like a rollercoaster when your investment more than you can afford to lose, but if you invest from your discretionary income, which is a fund you can afford to lose or you can do away with for a very long time, you wouldn't be in a situation of panicking when the market is down, because you know that even though the worst happens, you will still be fine emotionally and financially.

[Makus]

Trying to do this either as a trader or investor is actually very risky because there are lots of uncertainties with it. A lot of people try to time the bottom, during the dip they wait until the price of Bitcoin falls to a certain amount before they plan on buying but that's a dangerous move because there's no way you can actually tell if the price of Bitcoin would get down to that point. People that do this don't end up achieving Anything with their Investment in the long run because they are always going to make the wrong decisions.

[kawetsriyanto]

Most people are trying to time the top or bottom of Bitcoin .
Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

Predicting the bottom or top price isn't a strategy, it is just a common guess. However, if you are talking about DCA, it is a surely a strategy. Sure, we only need to focus on accumulating Bitcoin gradually during this bearish season. We don't think too much about the top price of Bitcoin in the next bullrun season. We also don't expect too much to buy at the bottom price because it is too difficult to predict. The best way is buying with DCA, buying gradually whenever there is big corrections.

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree, it is just a useless activity if we check the chart too often. Unless we have a plan to buy in a short time, it is no need to always check the chart and price movement. It only makes us to be stressed, moreover if our portfolio is still in a loss. 

[Obari]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

For an actual investor, there isn't any need to time the market but rather  focused on how best to stack up their wallet and yes I agree that buying the dip is a strategy and it has to do with timing the market which is truly boring just as op already said, and I also have to agree with you that, if we truly want to be happy and make our future also be thankful, all we simply have to do is just continue buying without having to worry about what the market has to say.

I don't so much engage in talks about buying the dip because the target here is to be profitable and I recently saw a chart comparing the price of digital assets(cryptos) in the part 5 years and truly holding is not an easy task because for a core holder who buy coins 5 years ago without any single intention of taking out profit, I jut discovered that deputed bitcoin touching its all time high, the investor would still be in loss by now and that how crazy the holding journey can be but patience truly matters.