Quote from: tygeade on Today at 09:16:50 AM

Quote from: worle1bm on June 01, 2022, 05:37:46 AM

You can't decide that whether it's the highest point or lowest but you should be having satisfactory returns instead of regretting later on.Suppose you invested in around $30k and when prices went to $50k also you have made profits so you need to decide to sell or to hold as it could go above or down after that.But when it's dipping people start panicking as if it was supposed to always rise and we can't change this.So best is to make your decisions.

And there are people who see it at 30k, and go "maybe it will go to 25k, I will wait some more" and then they regret it when it is 50k. Those people are the main reason why we are not high right now you know that right? If all of those people got together and bought right now, price would be 50k anyway. So these people who are waiting for it to go down, are the same people who end up missing out so much of crypto as well.

I believe that bitcoin and all other coins would be better off if people had a little bit more trust to it. Maybe it wouldn't be that great for everyone involved and some may lose some, but it would be totally great if everyone invested into it.

At the end of the day it is their call, the markets are not really a place for the people that cannot take a decision and stick with it, at some point a risk needs to be taken, buying bitcoin for 30k or 25k does not make a lot of difference in the long run, so those that are really thinking on holding their coins for the long term do not need to wait anymore and can buy all the bitcoin they want, those which want to catch the bottom are traders and indecisive investors, and while I can understand the posture of the traders as they are thinking about the short term this is simply unforgivable for an investor, because as you say most likely they will miss the opportunity to buy bitcoin for a good price by trying to buy bitcoin at the very bottom.