Quote from: kentrolla on Today at 05:59:07 PM

No matter how many times we have been through same scenario still the people will panic sell though they knew that the price will rise back but it's not that they don't have any strategy or they are in for short term profit and cannot be involved with Bitcoin for longer period of time. I have seen people saying stuffs like they are waiting for dip to buy but they don't and instead they end up selling their hodlings. I think one must know the basics of Bitcoin before deciding to invest into it.

Well I was once like , the one that always panic whenever there's any slight dip in market. And such act haven't done me any favour but cause me losses . Like then when Bitcoin was around $15k I sold mine due to fear that it may continue with its dips instead of buying the dip , but now look bitcoin hit a new ATH $73k just imagine that I didn't sold mine back then I just kept on holding and accumulating till now may be I would be in a better profit now , but due to panic let such live changing opportunity passed me by . But that have some good knowledge about Bitcoin I can proudly hold. And whenever there's any dip I'm always excited because I would be able to buy the dip using any convenience strategy for accumulating bitcoin.

Quote from: CryptoHeadlineNews on April 14, 2024, 09:25:19 PM

Quote from: I_Anime on April 14, 2024, 05:57:32 PM

Well yesterday Bitcoin literally experience some dip , and I was excited ( because I see it has an opportunity to get myself some good quantities) while some individuals was out there selling their holdings, due to the dip which initiated some panicking. But I won't blame them though , because most people are just new in this space without any solid knowledge on how things work here ,

Yes, it's true you don't need to blame people if they sell their Bitcoin when it's price is falling dip, but rather you should blame them if they fail to buy back after the price of Bitcoin has fallen more dip, so as to be able to ripe more profit when it's price skyrocket back, because normally that has always been a strategy people operate via the (i.e Dollar Cost Averaging) method. However, the dip Bitcoin just experienced is a clear indicator for the Bitcoin halving,

Yeah you're right, but the reason I don't encouraged such act of someone selling their holdings with the mindset buying back, because one may not have the chances of buying again at that same low price or even lower. Like for instance an individual bought bitcoin around $20k and sold it around, let me say $60k . If Such individual want to buy again he or she might not be able to buy at the price range of $20k again. So is more better for those that have gotten some nice quantities of Bitcoin for themselves to take profit instead without selling all their holdings than someone that's new in his Bitcoin accumulation (using any strategy expecially DCA ) that haven't gotten enough or much quantities to think of withdrawing or taking any profit , if he or she Is in for something big in holding for long .