Quote from: LastKiss on November 05, 2022, 11:58:36 PM

Quote from: Robert518 on June 28, 2022, 10:08:01 AM

~snip~
Who doesnt really love on buying cheap? Of course we've been thinking the lowest possible price and this is where people do really end up on speculating now and then on whats
the price would be the possible point on which they could buy back. Just like the rest been saying that we do really tend to maximize out profits as much as we could.
For long term hodlers or investors then it wont really be a stressful thing for you to buy on because you do know the potential of bitcoin and altcoins to have
that kind of increase its value in the future but of course it would really be involving a very long patience on your part.

Since many speculate that the bear market is not over yet then we can wait until the next bottom is reached, doing DCA, in this case, is also a better option since we don't know if we reach another bottom or if this is already the bottom. I agree that everyone wants to maximize their profit but without any patience and a lot of them out there are eaten by FOMO from other people is making them lose their money in a short time.

It's tough to see yourself rushing to buy thinking that the bottom is already been reached but by surprise the price went down for more and the only thing that you see is you are losing your initial capital, and because of fear the natural reactions is to sell thinking that it will cut your losses but eventually after that the value will start to pump/bounce back, it's something that will feel you regret your decision.

Be very careful with how you interpret the market. It's very dangerous if you don't understand how to work with a volatile nature like this.