Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
milewilda
on 07/07/2024, 19:34:02 UTC
⭐ Merited by JayJuanGee (1)

There understanding towards bitcoin investment is so low and commonly they think that bitcoin is all about buy at dip then sell high which is common for newbies. If they are always going after in this situation then provably that there would be a lot of opportunity to miss also there are more higher chance that they are embracing more larger risk especially if their mindset is for short term then they start to accumulate then the market suddenly falls for more. This situation always happen and lots of people lost their money due to this situation where they miscalculate everything.

Market is unpredictable and those who wait for the dip is just taking wrong decision on their investment. If they just compare each situation,profit gains and losses for sure they will find everything not worth it on their side for taking those options. That's why its good for them to upgrade their learnings then proceed to long term investment since they provably can see more better result with less stress gained for doing continuous accumulation.
This is partly true but there are others who are not like that especially for beginners .  You know although sometimes beginners need a lot of input or advice about some learning including recognizing the risks they have but when someone who is new to bitcoin and investing in it they will be more eager to buy and they don't think further about the decline because it could be that they still believe and are enthusiastic about buying or they are still not fully aware of the risks they have.

I don't know for others but for me personally when I was first in bitcoin I did that where I was very excited trying to buy when I could without thinking about the decline in bitcoin. Although this looks wrong because indeed some people will consider this approach too aggressive but it cannot be denied that this happens and it could be that other people also feel the same way like this where their focus is only buying without seeing the decline that occurs.

There are two possible things on why noobs would be making out such act:

1. Just simply buy on the moment that they've known about it, specially if they've been able to see those huge profits from other people
2. Due to lack of knowledge and experience which they dont care about having cheaper entries.

On the moment that we are still a noob, then further actions would really be basing up on how sensible you are. Actually there are people who are really just that new into something
but they were that sensible on the actions that they are making on which its not needed for them to lose money first or in negative before they would be making such actions.
They would be reading up on other peoples experiences and other potential information sources on which they could really be able to apply into their further actions on which
it would really be causing up that less damage or loses just because they've come prepared.