Quote from: Oilacris on August 16, 2019, 06:27:50 PM

Quote from: Hypnosis00 on August 16, 2019, 01:04:35 PM

Quote from: bitcub on August 16, 2019, 08:57:56 AM

Lucky to those who buy bitcoin while the price was still 3k up. Bitcoin might go up now for good, and we may not see Bitcoin again to at the 3k price forever.. Or Bitcoin might go below $2k to $3k for another consolidation.

It is not the luck as I've think of it. They just buy bitcoin that time cause they know that bitcoin will recover from the dips and headed for another bull run. They believe that will happen, that is why they never lost such opportunity as it only knock once. And they are not wrong, the price is really surprising and profiting.

I do say that it is somehow mixed up some sort of luck when we do tried to get in without any clear bottom.We know that crypto is very unpredictable.

We wouldn't know if the price would go lower that 3k into those times.The only difference is that those people tend to put up risk on getting in to that price and that
particular action did really pays off.

trading is not about knowing what the price is going to be or when simply because it is impossible to "know" it without a magical power!
trading is all about speculation which is a fancy world for educated guess. in other words you analyze the market, the value of what you are trying to buy and then decide whether the value of it is higher or lower than the current price and also analyze whether in the future it is going to gain value or lose it (base on utilities).
for bitcoin, $3000 was a lot lower than the intrinsic value of bitcoin. which meant price shouldn't have even reached there in first place and that makes buying at that price an excellent choice. now even if price went any lower you still wouldn't have lost anything. why? take a look at current price!

and that is how trading should work. not based on luck and random guesses based on gut feeling.