Most people are playing the wrong Bitcoin game

[Hamza2424]

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 ?

Yep, I agree, bro.

The peace of mind while turning your small portfolio into a big one after years, like a decade, is a bliss, and people will regret after a decade for not utilizing this moment because all of them thought Bitcoin at $60k or $70k is expensive, while some enthusiastic people must have bought above $115k.

So if we really want to change our lives with this and want peace of mind, always use the DCA strategy and make money after a decade at least, but we can get better results in 4 years.

[Ziskinberg]

If you want to maximize the outcome of your investment, at least you should know how to time the market and know the top and the bottom price of bitcoin. Wise investors do this, and make the biggest entry when the market is bearish, and hold firmly until they start to witness the bullish market.

But timing the market is not compulsory either. You can stick with DCA and buy bitcoin regularly regardless of its price. With constant DCAing, you will be surprised one day that you have already exceeded your target amount for bitcoin. But its not the biggest challenge yet, but surviving every market condition, positive or negative by staying calm and relax and just focus on long term bitcoin accumulation.

[Questat]

Just because they are not doing what you're doing already meant they are playing the game wrongly. I guess different investors come with different strategies in accumulating bitcoin. Some may focus on buying in dips, DCA or even lump sum buying, and as long as they never adapt panic selling, their strategy will succeed and will make them profitable in the market.

Just to be clear, there is no fixed method or strategy on how to play bitcoin game well. We might come up with different means, and that's okay, as long as we remain patient and consistent with bitcoin as a long term goal or investment.

[Solokan]

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.

It's true that many people don't believe that BTC has a bright future, and they end up trading it solely for small profits. However, everyone has different perspectives, as investing in BTC still carries risks. In reality, many people regret not holding BTC long-term because they were tempted by trading or rushed to sell their btc after investing

Many people have long advised us to hold btc for the long term, but unfortunately, it seems many are selling at low prices. There's still time for those interested in long-term investment in BTC, especially now that the market is bearish

[SPIDERMAN008]

Just because they are not doing what you're doing already meant they are playing the game wrongly. I guess different investors come with different strategies in accumulating bitcoin. Some may focus on buying in dips, DCA or even lump sum buying, and as long as they never adapt panic selling, their strategy will succeed and will make them profitable in the market.

Just to be clear, there is no fixed method or strategy on how to play bitcoin game well. We might come up with different means, and that's okay, as long as we remain patient and consistent with bitcoin as a long term goal or investment.

I agree with your main point that not everyone needs to have the same strategy for Bitcoin accumulation. How someone invests depends on the financial condition of that person. But overall, it is convenient for most people to invest in the DCA method. There is no problem of market prediction here, you do not have to invest with a large amount at once, a good habit of buying regularly is created, there is an opportunity to buy Bitcoin at an average price. So, thinking about everything together, investing in the DCA method creates an opportunity for an investor to continue in Bitcoin accumulation for a long time. Many people have irregular income or do not feel comfortable doing DCA because they do not have a fixed salary job. I want to tell them that you can invest only when you generate discretionary income from your income. You do not need to make any fixed rule that you have to do DCA on a fixed day of a week or month. In the end, those who can invest in Bitcoin patiently are successful.

[Tongley]

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 ?

If we want peace of mind and want to stay steadfast in our long-term goals, then we must stop looking at the charts again and again. Looking at the charts again and again only causes us unrest, if the price of Bitcoin decreases a little, then we become worried, if the price of Bitcoin increases and if we see some profit, then we must become greedy and become attracted to becoming a trader from an investor. One of the biggest obstacles in holding it for the long term is looking at the charts again and again.

Every person's goal needs to be to hold it for the long term and focus on building their portfolio. When a person continues to buy and does not worry about the market price, then he must be 70% successful in holding it for the long term. Because the most common reason for turning from an investor to a trader is looking at the charts again and again and as a result, the investor gets out of his humanity and hopes.

[Silikiem]

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 ?

If we want peace of mind and want to stay steadfast in our long-term goals, then we must stop looking at the charts again and again. Looking at the charts again and again only causes us unrest, if the price of Bitcoin decreases a little, then we become worried, if the price of Bitcoin increases and if we see some profit, then we must become greedy and become attracted to becoming a trader from an investor. One of the biggest obstacles in holding it for the long term is looking at the charts again and again.

Every person's goal needs to be to hold it for the long term and focus on building their portfolio. When a person continues to buy and does not worry about the market price, then he must be 70% successful in holding it for the long term. Because the most common reason for turning from an investor to a trader is looking at the charts again and again and as a result, the investor gets out of his humanity and hopes.

Everyone must not have the same goal they will want to achieve In bitcoin investment, there are those who wants to invest in bitcoin full time and there are also those who are interested only on what they can achieve from the market at the moment. Those looking out for quick gains won’t just rush into accumulating bitcoin, they probably will look for their preferred perfect entry price where they can buy bitcoin and hold to sell at a desired price level after seeing some profit. Those who are in for long term investment don’t have to time the market or look for any perfect entry level before they can buy bitcoin, they can buy using the DCA strategy at any market price and consistently doing so either weekly or monthly to build a decent portfolio for themselves for long term gain.

[batang_bitcoin]

It's a typical thing to check if the top has come or the bottom has came. This gives us the idea of what we should do. But sometimes, that kind of waiting takes a really long time if we want it to be perfect. That's the reason if someone does this for their own game, they'll have to choose which is helpful for them as they accumulate. The current news and situation of the market can make someone decide whether to do it wholly or they are only to accumulate with the little that they have. If it looks they're playing it wrongly, they'll realize that the matter is wrong through on how they see the market situation. Others are perfection but IMO, as long as you do the right thing, that should do it.

[purple_sparkles]

I don’t like charts or constantly monitoring them, they make me feel stressed. Maybe some people enjoy that feeling of being in control and trying to catch the best possible opportunity. I used to play that game myself for a while, but after doing the math, I realized that if I had simply bought bitcoin consistently throughout the entire cycle instead of playing trader, I would have ended up with roughly the same profit, just without spending so much time, attention, and emotional energy.For some people, of course, the story has a more successful outcome, but for me, DCA works much better. I use it from the moment bitcoin starts coming down from its peak until the next cycle. During the period when bitcoin reaches new all-time highs, I stop buying and may gradually sell some of my holdings. Then, once the market starts declining again, I begin gradually accumulating bitcoin again. That’s my strategy, and I consider it a very good one because it’s calm, clear, and, most importantly, it works for me.

[iBaba]

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.

I get your point and if someone genuinely have that experience to read the market well, they might try to take advantage of price movement, but I think the difficult part is for you to be sure that your prediction is actually correct because even the experienced traders can get it wrong.

Most times, I still think simple accumulation is easier to manage for most people. Trying to time every rise and fall can easily turn into buying for the fear of missing out or selling out of fear and at the end of the day, whether if someone trades or holds, the important thing is to have clear plan and manage risk properly.

[Luzin]

Is it that easy? Not really. There are thousands of temptations and tests to reach the highest level in investing, as you mentioned. Unfortunately, many people might not think like you and cannot manage their emotions well. So, many people have various ways according to what they want and their abilities. Just imagine if the market behaved like you, then maybe this exchange would be very boring. The market probably wouldn’t be as lively as it is now because everyone would just buy and hold. I feel lucky that there are many investment models from short-term to long-term. But what you’re talking about might only suit long-term investors.  IMO

[snowpega]

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

Yeah, it is nearly impossible to time the Top or bottom accurately due to the unpredictable behaviour of the crypto market, where volatility due to demand and supply factors plays a significant role, which makes this task impossible to time the bottom or top of the bitcoin market so accurately. I think it is just a stupid thing (near me) to keep waiting for the bottom or top of the bitcoin market. Rather than this, what I think is best is that one should apply a DCA strategy for both entering the market or taking exit from the market. This can help one to stay safe from many risks of unpredictable market behaviour. Well, this is my point of view on this. I would not recommend anyone follow it. What I recommend is DYOR!

[Bitcoin_people]

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 ?

Those who plan to invest from the lowest price of Bitcoin do not have the mindset to hold it for a long time. Basically, those who plan to buy Bitcoin for a long time and hold it, always invest from any market situation. Bitcoin investment is long-term and buys it from any position. There are many who are very emotional after looking at the market chart every five minutes. They do not have a long-term investment plan. When the market faces instability, they get very scared and cannot control their emotions, so they sell at a loss. Those who look at the market charts many times in a short time think that if the market goes down, it may decrease further, due to which they sell out of fear. Those who have the mindset to invest for a short time think excessively, due to which their long-term thinking does not work. Therefore, when investing, one should definitely not enter there repeatedly and invest once and hold them, so that the Bitcoins are collected for a long time. Only then can it be profitable.

[Popkon6]

Agree ?

That is why it is most important to follow the DCA strategy in this situation, those who fail to follow the DCA strategy will have very little chance of success. Every person is able to invest in Bitcoin with their own income, those who buy more Bitcoin than they need and aggressively buy and hold Bitcoin will increase their risk. So I say it is important to use as much money as you can to buy Bitcoin and to build an emergency fund along with it.
By building an emergency fund, you will definitely be able to sustain your Bitcoin investment for a long time, so every person needs to follow the DCA method, which will increase the chances of success.

[Stormisover]

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

Yeah, it is nearly impossible to time the Top or bottom accurately due to the unpredictable behaviour of the crypto market, where volatility due to demand and supply factors plays a significant role, which makes this task impossible to time the bottom or top of the bitcoin market so accurately. I think it is just a stupid thing (near me) to keep waiting for the bottom or top of the bitcoin market. Rather than this, what I think is best is that one should apply a DCA strategy for both entering the market or taking exit from the market. This can help one to stay safe from many risks of unpredictable market behaviour. Well, this is my point of view on this. I would not recommend anyone follow it. What I recommend is DYOR!

Well, your recommendation is not bad at all not just DYOR if I must say perhaps, that is what most people here are doing and that's reasonable. To me it sounds so awkward to even imagine that waiting for the top or bottom can be possible, the only important thing that is certain is the up and down movement. The DCA can not be underrated or consider to be overrated, it potentially solve this problem without irrespective of the tension coming from the market.

[Catenaccio]

Those who plan to invest from the lowest price of Bitcoin do not have the mindset to hold it for a long time. Basically, those who plan to buy Bitcoin for a long time and hold it, always invest from any market situation. Bitcoin investment is long-term and buys it from any position. There are many who are very emotional after looking at the market chart every five minutes.

People want to do that actually having mindset of finding bottom (lowest price), and surely trying to take profit at all time high, together with very big challenge of timing the market rightly. All these tasks are impossible to do rightly so such people are very possibly be affected by their emotion with ups and downs of the market.

They can buy bitcoin at very good prices but with this mindset of trying to wait for ATH and taking profit at ATH, they will waste many good prices for taking profit, and will hold their bitcoin a long a way of market corrections, bear market, and realize they are wrong. When they realize that, they already wasted one market cycle and have to wait for a next cycle.

They can do a more simpler thing: DCA, hold, and wait for time to get profit.
Dollar Cost Averaging with costavg.com include exchange fee.

[Dareo]

It is not possible for everyone to follow this rule. It is definitely a mentally peaceful strategy to stop trying to predict the bottom or top and accumulate regular BTC.  But the reality is that those who are completely new to the market and have limited capital have less patience to sit idly by. In the pursuit of more profit in less time, people look at the charts and make trading mistakes. So I think the main risk here is not just looking at the charts or not, but there is also a big problem in logging off from the market altogether, It is best if you can set a specific goal and also keep some profit booking strategy in a disciplined manner.

[MainIbem]

Well, your recommendation is not bad at all not just DYOR if I must say perhaps, that is what most people here are doing and that's reasonable. To me it sounds so awkward to even imagine that waiting for the top or bottom can be possible, the only important thing that is certain is the up and down movement. The DCA can not be underrated or consider to be overrated, it potentially solve this problem without irrespective of the tension coming from the market.

Yes it's not a bad recommendation cause instead of believing someone's opinion it's good to DYOR to confirm if the information is right or wrong so you dont get mislead into wrong strategies. What I know is that it's difficult to time the market and the best approach is the DCA strategy cause it would help an investor buy at different point whether high or low and ease emotions, in the sense that the investor need not to bother about the dip, such strategy shouldn't be underrated.

[Pandorak]

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

I’ve been in the market for quite some time and understand both technical and fundamental analysis, especially technical analysis which analyzes prices using historical price data visualized through candlestick charts. But believe me, no one knows exactly what the highest price will be or where Bitcoin lowest point will be in a bear market, that’s why it’s always recommended to buy gradually, a method better known as DCA, to maximize your investment.

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 ?

To be honest, this isn’t as easy as it seems, because everyone has different emotional thresholds, and it must be said that not everyone holds Bitcoin for the long term.

There are a lot of people who focus on short term gains, so after buying, they’ll gradually monitor Bitcoin price movements. We usually call these people “traders” especially newbies who are just getting to know the market, they might actually check the price every 5 minutes, LOL.

[348Judah]

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

It is not by how determined you are to get it right, but during the necessary things that makes us stand on a better position to make profit with our investment in Bitcoin, on the chart and yet could not deliver for themselves and be profitable with the market price, this is where it is not only to be overwhelmed by having the intention to investor trade, but knowing of every deliberate step we are taking her intended towards I will put increase our chassis of making more profit than losing.