Quote from: Onyeeze on September 02, 2023, 06:47:26 PM

Quote from: wallet4bitcoin link=topic=5132720.ms,62784936#msg62784936 date=1693667486

Halving, demand and supply, Scarcity and pice; all these are parts of what might influence the buy pressure of BTC but the concrete truth is, if the market keeps going at this uncertain rate, more people are gonna be skeptical about buying the dip, the market has been consolidating for more than a year with no much buy pressure.

Just when you think its about to be bullish, a sudden news brings it to its knees, this kind of situations makes people look beyond the regular factors. Remember, people buying are investors and investments have timely tunrover expectations. So an investor is expecting a 10% per anum return and Bitcoin isn't promising that yet, he has other options but for long term investors or those who store BTC as a form of value, I think they have a different perspective.

For our instinct what do we think that is the major caused of Bitcoin setback, because i noticed that Bitcoin have doesn't have much thing that bridges it values in the market except information and if information will bridge Bitcoin what do we think that can also bring bitcoin down in price, it's this aspect in cryptocurrency that I find difficult to understand the future of Bitcoin, because I know that Bitcoin have it's way of success, but the information that we think that affects the price of Bitcoin and also caused by the demand and the supply of Bitcoin I'd I'm not mistaken

Why is there any need to ask? It is always the case that the BTC price could go up or it could go dow, but right now, it is more than $1,500 below the 200-week moving average which seems to mean that it is a pretty good price, relatively speaking. What else would you need to know?

Quote from: ShowOff on September 02, 2023, 08:06:27 PM

Quote from: Onyeeze on September 02, 2023, 06:47:26 PM

[edited out]

You should know what factors can influence the value of bitcoin, so you don't have to question it.

Does anyone know?

Quote from: ShowOff on September 02, 2023, 08:06:27 PM

I can mantions several factors; real use cases, adoption in a place/country, politics, global economic conditions and so on. All of this news raises issues there that ultimately have an impact on market behavior, so it's not the news that makes the Bitcoin price fluctuate but is influenced by the fundamental issues that I have mentioned. However, the role of news here is very large.

Sure. Fundamentals and news.. momentum and manipulations.

How about if some players have goals to push the BTC price down as long as they can and as far as they can, and they try to employ a variety of tools to achieve their goals. They may or may not be successful in their efforts.

You still cannot really determine whether from here the BTC price is going to go lower or higher... so what are you going to do?

Trying to answer questions of "why" seem somewhat futile since there are all of those things going on at the same time, but still we cannot tell at which points (if any) there might be some explosive BTC price moves upwards because they down manipulation has gone as far as it is able to go.

Quote from: red4slash on Today at 11:34:30 AM

Quote from: Sayeds56 on September 02, 2023, 12:46:15 PM

Ultimately it is personnel choice of every individual to choose the strategy that suits his risk tolerance level and financial circumstances. While, your advice to be careful when exploring different investment strategies sounds good. However, investing in Bitcoin passively or aggressively is never akin to gambling. Over the long term, all investors who accumulated Bitcoin at various price levels, have fair chances to gain substantial profit.

Yes, of course, each holder has their own strategy and it is part of one's skill level in doing so. We can never force the strategies we use to be used by others, and perhaps we can only recommend them.
Like me for example, I'm comfortable with what I'm doing, and I prefer to focus on one strategy only, because for me having many strategies might not be good for me because at some point we might be dilemma to use which strategy.
I don't mean to say that people who work with multiple strategies are not good, they are still good. But for me personally developing one strategy is better.

What are you doing red4slash? Maybe you want to describe it?

You don't have to give exact numbers, but you could give us some kind of an idea...

Probably you have already said it, but you did not say it in this particular response in which you just said that you were going to continue to employ your one strategy.. which may well include several parts, but you did not say what they were.

How long have you been doing the thing that you are doing? Did you start out that way?

Did you change your strategy? why?

Are you going to admit that we already know that BTC accumulators might employ a certain kind of strategy that might last a short period of time or maybe it lasts 1-5 years, and then where they are at might change what they need to do, so even though you are accepting that strategies are best tailored to the person, you have only vaguely mentioned in a conclusory way that the strategy that you are currently following is good for you.

Quote from: Sayeds56 on Today at 12:00:09 PM

Quote from: red4slash on Today at 11:34:30 AM

Yes, of course, each holder has their own strategy and it is part of one's skill level in doing so. We can never force the strategies we use to be used by others, and perhaps we can only recommend them.
Like me for example, I'm comfortable with what I'm doing, and I prefer to focus on one strategy only, because for me having many strategies might not be good for me because at some point we might be dilemma to use which strategy.
I don't mean to say that people who work with multiple strategies are not good, they are still good. But for me personally developing one strategy is better.

Indeed, choosing to focus on single strategy can have its advantages , specially when you become highly proficient in that particular approach, potentially increasing your chances of success. On the other hand, working with multiple strategies can mitigate the risk against market volatility.

In summary, the key is to find out what works best for you and stick to it, while continuously learning and adapting as needed.

It is a bit difficult to figure out red4slash because if s/he has been into bitcoin since his/her forum registration date in mid-2016, then if s/he would have followed a DCA strategy for that whole time, then maybe that could continue to work today, perhaps? I am not necessarily against picking a good and suitable system, but sometimes even our situations change after several years.. something like 7 years could cause some justification for other strategies, but at the same time, there could be reasons to stick with the same thing, too... maybe just change the amounts rather than changing the strategies.

We might be able to see that even a very straight-forward DCA buying of $10 per week since June 2016, would have gotten someone to about 1 BTC by now after investing right around $3,800, but of course, if someone was able to buy $10 per week in 2016, at some point later down the road, s/he might increase his/her DCA budget and maybe after March 2020 decide to go up to $100 per week... so the person can change, but also the circumstances could change that might justify changes in the strategy even if NOT switching or adding strategies.

Quote from: YUriy1991 on Today at 04:05:26 PM

Quote from: JayJuanGee on September 02, 2023, 05:22:09 PM

Quote from: YUriy1991 on September 02, 2023, 03:39:37 AM

One thing I know at the moment is that demand is the only thing that influences the price increase.

And that goes to show that you don't know anything... since you are merely making a simple and basic statement that's not really saying anything...

yes.. it is true that there needs to be more buyers than sellers for the price to go up, but are you really saying anything when you make such a simple observation?

The method and understanding of investing in BTC using the DCA model is very clear and helpful, both from your explanation and that of other friends here. well, maybe this is basic for me but, one thing I think about is whether BTC will rise by itself without any demand and whether the predicted price prediction will come by itself... Another song, How do we know if the hunger will disappear if we haven't eaten.

I doubt that I have ever said that the BTC price is for sure going up or even giving too many shits about when it happens, if it happens.

However, I have continued to say that it seems that ongoingly there are pretty decent chances that the BTC price will go up and continue to go up, so financially you are better off to have bitcoin rather than not having bitcoin, but you can choose for yourself if to have bitcoin and if so, how much to have, and if you choose to have bitcoin, then you have to figure out a way to get it, and if you are hoping to have greater advantages in terms of having had built your bitcoin holdings, then maybe you would like to figure out various strategies to be as aggressive as you can in terms of bitcoin accumulation, but not so aggressive that you end up overdoing it and having to sell some bitcoin (or suffer in other ways) merely because you overly did your bitcoin buying.