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Author Topic: The rush is about to start, from weak hands.  (Read 374 times)
alastantiger
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Today at 06:01:05 AM
 #41

Advise
Don't rush into the Bitcoin market because of price, you will be disappointed because this is not the place where you can come and try your luck. Bitcoin is unpredictable and so it's important that you have an investment strategy. What makes the difference in Bitcoin investment is the strategy. A good consistent strategy will save you from rush like this.Dont be among those who will rush in again due to the price, price buying are very weak hands.

weak hands sold when the market was falling and they are still the ones that will rush back to buy Bitcoin when the maket starts pumping again but that is not a good strategy to have as a Bitcoin investor, the perfect strategy should put you in advantage hence it is when others are selling that you are supposed to be buying Bitcoin and not when the market starts pumping again.

The fear of missing out is not a good fear to have and this can make you to buy Bitcoin at a very high price that if the market starts to fall again, you will become afraid and sell and this might keep happening to you every time. You should not rush into investing because it only tells that you are not ready for the market. Always be prepared for when the market is falling and that should be the point you start accumulating.

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traderethereum
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Today at 07:47:57 AM
 #42

We can't stop weak hands to act in rush without analyzing the market. They are hard to accept the suggestion because they can't manage emotion especially when the market fluctuating quickly. They don't want to be late but in other sides, they don't research and just buy directly. If the price change to the other direction, they will follow without waiting for a second and analyze more. We don't have to think them because that is their decision and we should focus on us so we don't be like them.
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Today at 09:37:12 AM
 #43

Anyone has different opinion regarding the direction of market. When a market is beginning to recover doesn't mean it's always going bullish forever. The dip would occur anytime and it's the best time to chase opportunity. You're also generalizing people who driven by FOMO often turned to be the weak hands which is not true.

Let me ask you how many people who bought bitcoin because of FOMO sold their btc just after a little bearish is occurring? Beside that selling when it's dipping a bit is not that wrong if your forecast is driving you to believe market will be bottomed soon because it will also give you oppotunity to lower your avg buy price.

Aside that hold people not to rush to buy btc when it's dumping is also wrong when they don't know how to time the market. So DCA will save a lot of your time for this instead of overthinking about in what price you must go in. When you're having a hard time to time the market, then try to cost averaging at any bottom that comes to the bitcoin and you will be fine.

It's obvious the weak hands will be shaken when market is in red, but you can't be sure in what bottom bitcoin will stop. Beside that you can also be fooled by a wick that can happen for a few seconds and you still being clueless what to do.

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