Olotu20 (OP)
Member


Activity: 213
Merit: 55
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Today at 12:30:18 AM |
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As Bitcoin continues to recover from it dip , there has been deffirent persons that has reacted to the market. While some are still skeptical about the market there are some who are about to rush into the market due to FOMO. These sets of persons is what I refers to as the weak Hands because, these sets of people are not patience enough but rushed to sell during the dip and is once again trying to rush back into the market as the price Begins to appriciates.
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.
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Wiwo
Legendary

Activity: 1946
Merit: 1127
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Today at 06:21:48 AM |
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Bitcoin is trading at $82.022, which is still above the benchmark to call the recovery price of $80k squashed and the possibility of heading down to $70k again, where we start calling it a bear market return.
Looking at the order book, the available market liquidity is going to make it hard for us to see such harsh price declines this time around.
Weak hands will always be there in both bear and bull markets; what makes someone a weak hand is their inability to hold through sudden market moves those who sell without consideration and patience to wait through market volatility.
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New Judgement
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Today at 06:53:56 AM |
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But you can’t take away the traders from the market. Their strategy is to sell off their bitcoins when there are signs that the market is crashing, then buy again when there are signs that the market is recovering. These sets of people are also are also playing significant role in the market. Not everyone is investing in bitcoin for the long hold. Everyone is doing what is best for them.
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Dave1
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Today at 07:40:48 AM |
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As Bitcoin continues to recover from it dip , there has been deffirent persons that has reacted to the market. While some are still skeptical about the market there are some who are about to rush into the market due to FOMO. These sets of persons is what I refers to as the weak Hands because, these sets of people are not patience enough but rushed to sell during the dip and is once again trying to rush back into the market as the price Begins to appriciates.
Not really sure what you mean from recovering the from, we came from $85k to $81k, So the price is going down as we speak. If we are talking about FOMO because we might see that the price could go all time high, then for me it's good as we are all looking for at least close to $100k at the end of the year. 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.
If you are here for the long term, I don't think that you would care about FOMO or whatsnot. You should figure out it yourself being as a investor, and the best thing to do is to look at the bigger picture and again, long term hold is the key to make a lot of money here.
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pooya87
Legendary

Activity: 4256
Merit: 12653
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Today at 08:27:31 AM |
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FOMO happens when a considerable price level (resistance) is broken and there is an upward momentum in action. Not just after any rise. And there is a degree of FOMO depending on the resistance that broke. For example right now that we are stuck below $85k resistance, if that is broken we will only see a small FOMO but if $100k was broken that FOMO is going to be a lot bigger but the biggest FOMO will take place after we break $120k and set a new ATH.
One of the main reasons why this FOMO happens is not "weak hands" it is because of the FUD-believers. These are people who wanted to buy bitcoin but got the idea that price is going to drop more for them to get a better discount. Since that never happens, they feel "left behind" or feel like they are "missing out" therefore they start panic buying which we call FOMO.
As a result the best suggestion is to tell these people to stop believing the FUD and stop waiting for some "golden opportunity" that may never come. Just buy already! The DCA strategy is good for these people too...
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fullfitlarry
Sr. Member
  

Activity: 518
Merit: 372
You Attract What You Are
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Today at 09:17:54 AM |
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As a result the best suggestion is to tell these people to stop believing the FUD and stop waiting for some "golden opportunity" that may never come. Just buy already! The DCA strategy is good for these people too...
Right, and we have seen this FOMO for what, since 2017s' $5k Bitcoin price? cttoSo the best weapon for it? Just buy and accumulate, simple as that. There's no other market that is as simple as Bitcoin market. You don't need to check the price, no FOMO and there are no secret here. Everything is out in the open. Just use DCA and you will be fine to be honest.
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Ruttoshi
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Today at 09:33:27 AM |
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Some people just believe that they have the market movement in their palms and can decide on when to sell and buy or wait for a certain price before buying. Right before their own eyes, they see that the market isn't going towards their direction, they FOMO and buy because they're already lost and confused on what to do next. These are the people that end up selling in loss if the market dips and stay for long.
There's no point looking for a particular price entry if you know that you must invest into bitcoin and have the money. Just use DCA and buy whenever, your discretionary income is available. That will give you peace of mind to survive in your long term journey.
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okorieemmanuel
Jr. Member

Activity: 394
Merit: 5
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Today at 10:11:48 AM |
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Some people just believe that they have the market movement in their palms and can decide on when to sell and buy or wait for a certain price before buying. Right before their own eyes, they see that the market isn't going towards their direction, they FOMO and buy because they're already lost and confused on what to do next. These are the people that end up selling in loss if the market dips and stay for long.
There's no point looking for a particular price entry if you know that you must invest into bitcoin and have the money. Just use DCA and buy whenever, your discretionary income is available. That will give you peace of mind to survive in your long term journey.
I like your opinion on this matter . However, have you ever considered maximum profit on investment? Some people look for the right time while others simply invest and get any profit out of it. The choice is for the investor to make. Bitcoin investment sometimes requires a decisive choice either by long term analysis or this rush strategy based on speculation.. we all need to be flexible in it.
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HajiBagi
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Today at 10:39:12 AM |
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Some people just believe that they have the market movement in their palms and can decide on when to sell and buy or wait for a certain price before buying. Right before their own eyes, they see that the market isn't going towards their direction, they FOMO and buy because they're already lost and confused on what to do next. These are the people that end up selling in loss if the market dips and stay for long.
There's no point looking for a particular price entry if you know that you must invest into bitcoin and have the money. Just use DCA and buy whenever, your discretionary income is available. That will give you peace of mind to survive in your long term journey.
I like your opinion on this matter . However, have you ever considered maximum profit on investment? Some people look for the right time while others simply invest and get any profit out of it. The choice is for the investor to make. Bitcoin investment sometimes requires a decisive choice either by long term analysis or this rush strategy based on speculation.. we all need to be flexible in it. Those who are looking for the opportunity to buy when the price drop and sell when the price is high are not real investors, i call them traders because that is their move, you can’t be a real investor and your plan is to buy and sell to make a profit from it, for someone to decide to sell his bitcoin because of the price is going down, that means the person did not have the intention of holding from the beginningc because no matter how the price fall, no one will want to sell. I don’t know if those who quickly sell their bitcoin because of the price understand bitcoin or know much about bitcoin, it is normal to panic but sell is something i don’t understand, selling your bitcoin doesn’t mean you do the best thing, because the price will rise again and it will become a regret in the end.
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boyptc
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Today at 11:08:14 AM |
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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.
Bitcoin is unpredictable, correct. But no one can stop these people from hurrying if they are decided already. It's recommended to know first where they are investing and when they have understood it and want to invest, let them do it. It's not about trying their luck because there's a basis why they want to invest. They've seen the prices in the past and its current pricing. Dont be among those who will rush in again due to the price, price buying are very weak hands.
But everything has its price and we tell people to buy the dip before its too late. Do it when they have money, DCA, etc. People even considered weak hands won't just buy these days without coming up with a plan.
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okorieemmanuel
Jr. Member

Activity: 394
Merit: 5
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Today at 11:21:46 AM |
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Some people just believe that they have the market movement in their palms and can decide on when to sell and buy or wait for a certain price before buying. Right before their own eyes, they see that the market isn't going towards their direction, they FOMO and buy because they're already lost and confused on what to do next. These are the people that end up selling in loss if the market dips and stay for long.
There's no point looking for a particular price entry if you know that you must invest into bitcoin and have the money. Just use DCA and buy whenever, your discretionary income is available. That will give you peace of mind to survive in your long term journey.
I like your opinion on this matter . However, have you ever considered maximum profit on investment? Some people look for the right time while others simply invest and get any profit out of it. The choice is for the investor to make. Bitcoin investment sometimes requires a decisive choice either by long term analysis or this rush strategy based on speculation.. we all need to be flexible in it. Those who are looking for the opportunity to buy when the price drop and sell when the price is high are not real investors, i call them traders because that is their move, you can’t be a real investor and your plan is to buy and sell to make a profit from it, for someone to decide to sell his bitcoin because of the price is going down, that means the person did not have the intention of holding from the beginningc because no matter how the price fall, no one will want to sell. I don’t know if those who quickly sell their bitcoin because of the price understand bitcoin or know much about bitcoin, it is normal to panic but sell is something i don’t understand, selling your bitcoin doesn’t mean you do the best thing, because the price will rise again and it will become a regret in the end. Calm down. No matter what, the sole aim is to make profit. If you still buy Bitcoin at any point in time and the price appreciate in value, you will still consider using it or putting it as a stake. How long does an investor HODL BITCOIN? U will use it eventually. Why not at the right time - when it has maximum value? DCA is good . Just keep that at the back of your mind that even a DCA STRATEGIST WILL SELL SOMEDAY.
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Ruttoshi
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Today at 11:33:42 AM |
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I like your opinion on this matter . However, have you ever considered maximum profit on investment? Some people look for the right time while others simply invest and get any profit out of it. The choice is for the investor to make. Bitcoin investment sometimes requires a decisive choice either by long term analysis or this rush strategy based on speculation.. we all need to be flexible in it.
Short term investment cannot give you maximum profit because you couldn't even hold up to a circle. It's when you are lucky to buy at the bottom line of the dip and holdi till the the next ATH that you can get maximum profit otherwise, it's difficult. You should be flexible in buying and not selling to avoid losses which is rush in, rush out. There's no right time to buy bitcoin because the price you are waiting for might not come.
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okorieemmanuel
Jr. Member

Activity: 394
Merit: 5
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Today at 12:00:45 PM |
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I like your opinion on this matter . However, have you ever considered maximum profit on investment? Some people look for the right time while others simply invest and get any profit out of it. The choice is for the investor to make. Bitcoin investment sometimes requires a decisive choice either by long term analysis or this rush strategy based on speculation.. we all need to be flexible in it.
Short term investment cannot give you maximum profit because you couldn't even hold up to a circle. It's when you are lucky to buy at the bottom line of the dip and holdi till the the next ATH that you can get maximum profit otherwise, it's difficult. You should be flexible in buying and not selling to avoid losses which is rush in, rush out. There's no right time to buy bitcoin because the price you are waiting for might not come. I don't mean to pry, but when do you sell Bitcoin? From my perspective, YOU QUIT WHILE YOU ARE STILL AHEAD!!! THIS IS THE BASICS OF INVESTMENT. HOWEVER, GREED USUALLY CLOUD THIS STRATEGY. IF U USE THIS METHODOLOGY, YOUR PORTFOLIO WILL THANK YOU FOR IT . It doesn't have to be an all time high.
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aoluain
Legendary
Online
Activity: 3150
Merit: 1774
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Today at 01:11:28 PM |
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There has been and will always be people who "rush in" to buy Bitcoin out of FOMO, and to "sell off" because of panic and fear. There will be people who need proof that the market is actually in a Bull season and will buy at a high price and then there will be those who lack the discipline and patience to HODL for the long term and then sell after the market has already fallen back. I like your opinion on this matter . However, have you ever considered maximum profit on investment? Some people look for the right time while others simply invest and get any profit out of it. The choice is for the investor to make. Bitcoin investment sometimes requires a decisive choice either by long term analysis or this rush strategy based on speculation.. we all need to be flexible in it.
Short term investment cannot give you maximum profit because you couldn't even hold up to a circle. It's when you are lucky to buy at the bottom line of the dip and holdi till the the next ATH that you can get maximum profit otherwise, it's difficult. You should be flexible in buying and not selling to avoid losses which is rush in, rush out. There's no right time to buy bitcoin because the price you are waiting for might not come. I don't mean to pry, but when do you sell Bitcoin? From my perspective, YOU QUIT WHILE YOU ARE STILL AHEAD!!! THIS IS THE BASICS OF INVESTMENT. HOWEVER, GREED USUALLY CLOUD THIS STRATEGY. IF U USE THIS METHODOLOGY, YOUR PORTFOLIO WILL THANK YOU FOR IT . It doesn't have to be an all time high. And there is an extremely high chance that if you HODL for long enough you will always be in profit, even in a Bear market!
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danherbias07
Legendary
Online
Activity: 4018
Merit: 1160
Leading Crypto Sports Betting & Casino Platform
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Today at 01:30:40 PM |
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What dip? From a month ago? At $75k?
Well, we cannot blame those who have weak hands when they want to sell. They may have their own reasons why they do it, and it may be important or an emergency, which is why they need to sell. I have been there, a weak hand. That's why I can understand whatever they will go through. Selling is also not easy to do because, at the back of your mind, there's that thought that Bitcoin might go up to the extent that we cannot buy back again at a lower price.
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Nathrixxx
Sr. Member
  

Activity: 686
Merit: 300
Bitz.io Best Bitcoin and Crypto Casino
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Today at 01:35:48 PM |
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As Bitcoin continues to recover from it dip , there has been deffirent persons that has reacted to the market. While some are still skeptical about the market there are some who are about to rush into the market due to FOMO.
Some are going to be rushing into the market and the same way they are rushing they will also rush out because the are more prone to lose, crypto market is not what we can easily jump into investing or taking decision when we are yet to consider all the critical conditions that follows, the market has a kind of pattern and strategy we must use and understand how those indicators will give us the right direction to what's the market showing.
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