Quote from: Ruttoshi on January 06, 2024, 08:35:43 PM

Quote from: Justbillywitt on January 06, 2024, 06:22:52 PM

Quote from: jcojci on January 06, 2024, 01:20:38 PM

Quote from: Justbillywitt on January 06, 2024, 06:36:51 AM

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

What's the point op being a spectator on something you are not benefiting from? Bitcoin investment is not a sporting activities where we come to cheer others who are benefiting from it, by making the right call once there is a slight opportunity in price dip. The moment the opportunity presents itself grab it and wait. It is better that way than waiting for your perfect imaginary price to buy. No one has control of the market, and there are opportunities we might not see again. There are those who are still waiting for price to drop to $35k, just imagine how long they have been waiting and how long they will keep waiting. But there was a time when the price was at that region and they were still watching. Instead of being a spectator be a participant. Only active participants gets the results.

Some people are very funny they have plans to invest in bitcoin but they prefer to speculate and see if they can get to a price of their choice before buying, forgetting that the longer you wait, the less bitcoin you will have in your portfolio. Watching the market is only to discourage you from getting started because you wil think that it is not yet the right time.

It is better to get yourself occupied with accumulating and growing your bitcoin portfolio with DCA method regularly and also think of other method that will help based on your cash inflow, rather than speculating on other investors profit and loss. The market is open to welcome new investors at all time so don't be a waiter but an investor.

Waiting for bitcoin to arrive at a particular before investing can discourage you as an investor, bitcoin value remains it value, people make poor decision by thinking that bitcoin will reach their preferable price, as a good investor what you should be looking out for is the durability of the stuff you want to invest in.

The risk level, if the risk level surpasses the profit in the long run, as an investor that understands bitcoin, you should know that bitcoin price is not fixed, it can rise and fall overnight, you might wait but the price keep disappointing your satisfaction and then you might have used the fund set aside for the investment, so if your are interested just make a move don't be a spectator, most importantly be guilded.