Quote from: SOKO-DEKE on March 29, 2025, 11:10:51 PM

Quote from: Mayor of ogba on March 29, 2025, 08:38:19 PM

Quote from: harapan on March 29, 2025, 03:11:21 PM

Quote from: klaaas on April 17, 2019, 01:16:37 PM

Start buying at timed intervals, On the long run you increase your stack and got less worries about the price. It will give ease of mind to not check the charts every x minutes ; )

Honestly it's not as easy as it may seems to buy the dip because one is afraid of having losses but I think it's preferable to buy the dip when it's close to a pump but regardless i go on with the mindset of always checking the charts every now and then, inorder to make sure that you ain't missing out on when you can be profitable.its just that I'm okay with this cause I'm doing this for long-term.

If it were that easy to use charts and know the exact day bitcoin would dump and increase back, all traders would have become rich because they would have waited for that day to come so that they would use most of their money to buy bitcoin and sell it once bitcoin increased back. But since it is even difficult to predict the price of bitcoin using charts, it will be better if you adopt the DCA strategy and start accumulating bitcoin consistently and persistently, which will help and put you in the position where you will start building up your bitcoin portfolio gradually rather than trying to use charts to figure out the best dip to buy, which you are not even certain to know.

This discussion about uses chart to predict bitcoin price has reminded me of one of my college mates who even spent money to learn how to trade. All he did every day was look at the Bitcoin chart from time to time, searching for the perfect period to enter the market.The painful part is that he wasted about $5k on trading and the money he used to learn trading. Later, he regretted it when he saw that the Bitcoin price had increased to $100,000. He said to me that if he had invested in Bitcoin instead, by now he could have been in profit.Now, he has started investing again, and this time he doesn’t even care about Bitcoin’s price.

Wow, in this age and time, are some people this daft?
How can you use a huge amount of money like that to learn trading when all he would have done with that amount of money was to buy Bitcoin and hold, by now, he would have made quite a lot of profit, and the funny thing about this is that from that time he started learning trading till now, am very sure that he hasn't made even close to what he he would have made if he invested that money then.

Or would I say that he is naive or retarded?
Because even a profitable trader wouldn't be able to be as profitable as someone that have invested in Bitcoin in the same timeframe from 10years intervals or more, this is the typical example of what ignorance and greed for quick profit does to a man , but am still surprised that he spend so much on learning something that doesn't guarantee success when a more easier and profitable option is available.