Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
red4slash
on 24/10/2024, 18:13:05 UTC
⭐ Merited by JayJuanGee (1)
This point is actually not too wrong but in the end, won't this make the situation a little complicated for yourself, especially for beginners who are only trying to predict roughly because they are definitely still not too familiar with some techniques in analysis or technical analysis so they are like waiting for things that are not too certain when the decline occurs and this could actually make them not make purchases that should be made because it is not easy to change the view when assuming and hoping that prices will fall to being full of risk by buying without thinking about prices.

Not that bitcoin cannot go down because in the end price fluctuations will certainly always exist but on the other hand we must be aware that guessing without a clear situation because they (beginners) only roughly guess that bitcoin will go down is actually in my opinion complicating themselves so it would be more worth it if they did make a decision from the start by buying bitcoin directly without having to wait for dip when they are able to do so.

Many normies when they are new to bitcoin (or even investing for that matter), will erroneously come to the mistake that they have to GO BIG or GO HOME, so it can be quite difficult for them to internalize the idea of  DCA... so they have tendencies to want to front load their investment, even prior to their getting used to investing into bitcoin and before they have really figured out how they were going to go about it.
Okay I understand this because indeed in some conditions I have felt the same way when I started but this view is actually only part of the whole for me because if you look at other parts when we become someone who is new to bitcoin or investing in it sometimes there is a moment where our movements become aggressive and don't really like waiting for certain prices because they just want to buy bitcoin quickly with the assumption that buying fast can be profitable quickly too (although this view is wrong) but in the end this is also one of the conditions that must have been felt so that in this case there are not only beginners who hope for the price of bitcoin and wait buying bitcoin quickly with the assumption that buying fast can be profitable quickly too (although this view is wrong) but in the end this is also one of the conditions that must have been felt so that in this case there are not only beginners who hope for the price of bitcoin and wait for a certain price to buy but there are also those who can be quite aggressive in doing so because they just want to buy with big expectations quickly.

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So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.
In this case I agree because in the end not only beginners but some of them there must be people who have even been involved with bitcoin for a long time who do say they are ready with all the consequences but in the end give up because their mentality is not too strong because indeed this does not only depend on the strength of words but must continue to be believed that our mentality is really ready for it, it's just that there are some moments where mentality is sometimes not that strong especially faced with a situation that makes us down.